• Breaking News

    Monday, September 27, 2021

    Crypto Currency Markets The reality of China banning Bitcoin

    Crypto Currency Markets The reality of China banning Bitcoin


    The reality of China banning Bitcoin

    Posted: 27 Sep 2021 07:31 AM PDT

    President Nayib Bukele: “Chivo Is Not A Bank, But In Less Than 3 Weeks, It Now Has More Users Than Any Bank In El Salvador With 2.1 Million Salvadorans Actively Using Chivowallet”

    Posted: 27 Sep 2021 05:39 AM PDT

    How many times can China ban Bitcoin?

    Posted: 27 Sep 2021 12:56 PM PDT

    Crypto.com debit card: Clear Red Flags (Keep in mind before You Use)

    Posted: 27 Sep 2021 09:07 PM PDT

    Hello All,

    Please do yourself a favor. Go to the Crypto.com phone app, navigate to "Crypto Credit" and click Crypto Credit T&C. Spend 10 minutes to read T&C before you think Crypto.com as a saviour and boon for your life.

    I found some T&C's which are really "Grey", unexplained and that could mean that they have a leeway if "ANYTHING" goes wrong. Forget your insurance, it's all blah blah.

    CRYPTO CREDIT T&Cs Last material update: 1 January 2021

    1) They have the right to "close, suspend, limit, restrict or terminate your access to Crypto Credit; ". Under what circumstances, they never clearly reveal. It's very vague.

    2) There is a constant mention of "ineligible user" and they can delete their account without any notice. Now, who the hell is ineligible user and what makes one so?

    3) Under Risk Disclosure section: In such event, there may be no remedy, and holders of Digital Assets are not guaranteed any remedy, refund, or compensation. I thought they had a $150M insurance fund right? It seems to be all their marketing gimmick. If you suffer a hack, at best expect a return in USD $ valuation, not in Bitcoins, years later.

    4) Crypto insurance: "The Digital Assets held in your account including your Crypto Credit" are not protected by any third party insurance scheme or government-backed insurance scheme.

    5) Crypto.com is not responsible for "(vi) viruses, malwares, other malicious computer codes or the hacking of any part of the Crypto.com App Services or Crypto Credit"

    6) Taxes: "Notwithstanding the foregoing, Crypto.com will make any tax withholdings or filings that we are required to make by law." They can hold your assets, if you delay in your tax filing, or if they suspect or has reason to believe so.

    And you need to read further to find more red flags.

    What are your thoughts?

    submitted by /u/aFungible
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    Aurum Integrates Chainlink Price Feeds to Calculate Token and Portfolio Values

    Posted: 27 Sep 2021 06:34 PM PDT

    Aurum Integrates Chainlink Price Feeds to Calculate Token and Portfolio Values

    BIG NEWS ! Aurum — rewards and BSC utility token — has integrated the Chainlink Price Feeds deployed on Binance Smart Chain for the Aurum Wallet. By integrating the industry-leading decentralized oracle network, Aurum has access to high-quality, tamper-proof price feeds needed to provide users with stronger assurances that the token and portfolio value displayed in the Aurum Wallet are secure, accurate, and up-to-date.

    https://preview.redd.it/cxw3cf6sd5q71.jpg?width=1200&format=pjpg&auto=webp&s=0ea45daeafcf618be89adc8d55578cd5f47ff4bb

    The initial integration involves the use of the following Chainlink Price Feeds:

    • ETH
    • BTC
    • ADA
    • XRP
    • BNB
    • BANANA
    • CAKE
    • SAFEMOON
    • SXP

    Aurum collaborated with Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and dta manipulation attacks via flash loans.

    Due for full V1 release in Q4 2021, the Aurum Secure Wallet for BSC tokens, and later for multiple blockchains, aims to be a must-have app for both new and experienced crypto users. Beginning as a browser extension, the wallet will be packed full with the most important tools you need without needing to connect to external sites.

    Exclusive Aurum Secure Wallet features that will be available upon launch or as future updates:

    • Live token charts and transactions in-app
    • Highly accurate live price tracking
    • In-wallet token swapping
    • NFT minting and showcase within-app
    • Multi-chain compatibility
    • Donate to charity button
    • Follow wallet'/'copy trade' function

    The wallet will open up further possibilities for project partnerships, such as the ability to host other tokens as default listing tokens, access promotional/advertising space and seamlessly integrate with the Aurum Dapp where other reward tokens can be selected.

    In order to help secure accurate, real-time token and portfolio values within the Aurum Secure Wallet, Aurum needed fresh asset prices made available in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments, thus, requiring aggregated price data.

    After reviewing various solutions, Aurum integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

    • High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that's aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink's data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
    • Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
    • Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
    • Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

    Beyond this current integration, Aurum will look to use additional price feeds from Chainlink in the future, as well as explore the possibility to expand to other chains.

    "We could not be more pleased to be working with Chainlink and integrating its high-quality oracle network to help power the Aurum Wallet. Chainlink is a world-renowned decentralized oracle network, which means that one of the core and most frequently used functions of the wallet will be highly secure and reliable."

    Kelvin Ha, Aurum CEO

    About Chainlink

    Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

    Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit their website and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.

    About Aurum

    Aurum ($AUR) aims to be the gold standard of rewards tokens and BSC security. Boasting a powerful and innovative rewards system, Aurum holders have the freedom to select any BEP-20 token as an automatically redistributed reward straight to their wallet, increasing the ease and convenience of portfolio diversification without the need for additional capital.

    In terms of utility, the Aurum Secure Wallet, now powered by Chainlink for BSC tokens, aims to collate all the vital tools both new and experienced investors will need in one sleek, safe, and convenient app, offering live and accurate price feeds and portfolio value, inbuilt swap, NFT minting and much more.

    submitted by /u/Opposite_Peanut_9923
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    When lambo

    Posted: 27 Sep 2021 01:40 PM PDT

    What do Gary Gensler's MIT lectures reveal about future crypto regulation?

    Posted: 27 Sep 2021 12:47 PM PDT

    Beyond NFTs, DeFi, and Bitcoin: What is the future of blockchain, and how will we be using it 20 years from now?

    Posted: 27 Sep 2021 10:24 PM PDT

    It takes an industry effort to gain the trust lost because of early-day crypto scammers, says Amazix CMO

    Posted: 27 Sep 2021 02:08 PM PDT

    An Outsider's Thoughts | Upcoin

    Posted: 27 Sep 2021 09:09 PM PDT

    $1,000,000 Cardano ADA Portfolio Strategy

    Posted: 27 Sep 2021 03:26 AM PDT

    Blockchain will transform government services, and that’s just the beginning

    Posted: 27 Sep 2021 02:57 AM PDT

    In a moment like this is it a bearish or bullish divergence ? I see higher highs/lower highs but also lower lows and higher lows on the rsi

    Posted: 27 Sep 2021 03:28 PM PDT

    Jamie Dimon BULLISH on Bitcoin - Morgan Stanley GBTC - Fed President BTC - Coinbase Crypto Paycheck

    Posted: 27 Sep 2021 06:33 PM PDT

    Crypto Researcher Pleads Guilty to Advising North Korea

    Posted: 27 Sep 2021 06:31 PM PDT

    The Cryptocurrency APYs Shaming Brick & Mortar Banking | Analytics

    Posted: 27 Sep 2021 01:55 AM PDT

    Why Token Economics is different from Economics 101

    Posted: 27 Sep 2021 05:16 PM PDT

    General Conclusion

    Traditionally, economics is the study of how resources are produced, consumed and distributed in a market. Resources are input factors to produce goods or services for commerce. They are factors of production. There are four main resources: labour, land, capital and entrepreneurship.

    Economics is a "soft science" like psychology, political science and sociology, compared to a "hard science" like physics, biology and astronomy. As our ecosystems evolve due to technological upgrades and increased complexity of human behaviours, the analysis and objectivity in economics evolves with resource evolution.

    The advent of new economic resources like information as a resource, and technology allowing for interaction between agents, has resulted in new economic fields. Many of the recent Nobel prizes were awarded in recognition of new economic approaches. For example, auction theory (2020), integrating technological innovations into long-run macroeconomic analysis (2018), nudge theory and choice architecture (2017), contract theory (2016), two-sided markets (2014), and market design (2012).

    New Economic Resource: Intangible assets

    The four traditional economic resources are land, labour, capital, entrepreneurship. These are traditional tangible resources.

    In today's digital ecosystems, a new resource has come into the picture: information (intangible resource).

    4 Properties of this new resource

    Sunk costs: these are costs that have already been paid for and consumed.

    Spill-overs:

    these are additional effects that can be both positive and negative. This is determined by the secondary impacts and implications related to the intangible assets created.

    Scalability:

    this is the ability to expand growth easily. The key feature in an intangible asset is that it has a non-rivalry characteristic. One person's usage does not reduce the existence of the asset. The asset is also supercharged with "network effects", a positive spill-over.

    Two people in two cities can read the same article online at the same time. This is different to an article in a newspaper, where only one person at a time can read the newspaper because they are each in different physical places.

    Synergies and complementarities: these are intangible assets that can produce synergies and complementarities with other assets, enhancing network effects. This helps networks to scale and produce positive spill-over effects, as opposed to substitutability.

    TLDR:

    As markets evolve, the economics governing the markets also evolve. Markets evolve due to technological advancements and new types of resources creation. Intangible resources are a new resource in the space today. Supported by technological advancements, these developments have reshaped the way we understand how markets work and can be designed.

    Get smart: Technology has changed the way economic principles are being applied. The good news is that fundamental economic principles do not change. We just have a new resource to play with now.

    submitted by /u/economicsdesign
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    James Bond film ‘No Time to Die’ to include release of NFTs

    Posted: 27 Sep 2021 01:09 PM PDT

    I have a good feeling for October

    Posted: 27 Sep 2021 12:48 PM PDT

    September has never been a good month for crypto and history proves it. Almost all Septembers that passed experienced some sort of dip.

    However October has always been there to push back up. Even GOVI's Crypto Volatility Index (CVI) is currently at 90 which is relatively low. And this is one of the platforms that have been the most consistent with their market predictions. Almost all variables are showing favor towards a healthy market this upcoming month. Hopefully these predictions don't fail us. What do you guys think?

    submitted by /u/jesusvsaquaman
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    Crypto Is Our Last Chance

    Posted: 27 Sep 2021 07:38 AM PDT

    I have been into crypto for a while, but especially during 2020, I have tripled the amount in crypto. I no longer look at things in terms of USD because it means nothing. Fiat means nothing anymore, we work hard for our money, just for it to be devalued faster than we make it. An economy stimulated by printed fake money, a country built on debt. When will it crumble? 40% of USD printed in the last 18 months is the most money EVER printed in U.S history. The stocks look good but compare them to the value of gold, and they haven't moved since 1996. Crypto is the only way to protect our hard-earned money, in a world that is constantly against our success. Why are you in crypto? To get rich? Just something to think about.

    submitted by /u/Johns_The_Bomb
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    MoonDucks Metaverse: Introducing the Most Awaited Social (Hang-out) Crypto Game (NFT launching today, September 28, 20:00)

    Posted: 27 Sep 2021 04:01 PM PDT

    MoonDucks Metaverse: Introducing the Most Awaited Social (Hang-out) Crypto Game (NFT launching today, September 28, 20:00)

    https://preview.redd.it/qjoekl7uj4q71.png?width=700&format=png&auto=webp&s=c74fa84cccceee7371944ceea5960249b2ec5177

    MOONDUCKS has finally released their first GAME PREVIEW!

    This very first social hangout game will be a home for players to hang out, talk to each other, play mini games, and showcase their NFT collectibles!

    Game Functionalities

    The game is free-to-play and web3 based. Players can sync their NFTs into the game which will be virtual presented as an in-game item. The game is an online virtual community where you can create your own avatar and build your own unique hang-out.

    What does this look like?

    The items will have 3 functions: Pick-up, move and spin.

    Here's an overview of the game's features:

    Item shop

    The Moonducks metaverse has its own in-game item shop where players can buy common items to build and create their own personal hang-out. Every item bought is backed by an NFT. Thus, players that buy in the item shop will receive an NFT on their Ethereum address.

    Rare items

    Moonducks are one of the super rare items on this metaverse as only 7,000 unique ducks are circulating. More rare collections in the near future such as the Skins and Rarible collections will be launched.

    Sneak Peak:

    https://preview.redd.it/atquf064k4q71.png?width=700&format=png&auto=webp&s=b8757fd2902724592c45d6c09b09132b7f24e6fc

    Membership of the Social Club

    MoonDuck NFT owners can be an exclusive member of the Social Club for free which will have many advantages including:

    • Receive monthly NFTs
    • 12 hour priority on new collections
    • Enter premium public rooms
    • Exclusive hang-out colors
    • Exclusive hang-outs type
    • Exclusive emotes in-game

    In-game currency

    The Moonducks Meta-verse will launch the Moonduck coin ($MCOIN) and every Moonduck NFT holder will receive an airdrop! It can be used to buy NFTs in the item shop, purchase membership of the Social Club, reward players with mini-games, or sent as a gift.

    Social Game

    To explore the game, MoonDucks created a navigator: a simple tool to find and visit all players, and will keep track of the most popular hang-outs and public rooms.

    Public rooms are created by the MoonDucks Meta-verse themed on different topics and projects. One of these is 'Traders Public Room' where players can visit and keep track of the latest updates or trends with other players (including cryptocurrency graphs displayed in the game).

    You can find the first impression of the game navigator here: app.moonducks.io

    Remember: Minting starts today, September 28, 20:00

    Let's quacking go!!!

    submitted by /u/Evony07
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    Bitcoin's Supply on Exchanges is at a 28-Month Low, Implying Less Selloff Risk. Tether is at a 3-Month High, Implying More Crypto Buy Power

    Posted: 27 Sep 2021 03:54 PM PDT

    Major web 3.0 games and NFT platforms today use Polygon, viewing it as the de-facto standard for NFTs.

    Posted: 27 Sep 2021 12:08 PM PDT

    This year in particular saw a tremendous breakthrough from NFTs which caught the attention of international tech giants and encouraged them to create NFTs and develop NFTs marketplaces and platforms.

    The9 and Protocol Labs couldn't lose the chance and eagerly intended to seize the opportunity on a new NFT trading platform that provides users with the ability to purchase, trade, and interact with NFTs.

    As expected, they couldn't find better than Polygon (A.K.A MATIC) to reach out for and collaborate with, especially that Polygon's scaling solutions still prove its power and dominance in the ecosystem.

    So what's the case here?

    NFTSTAR, an owned subsidiary of The9, will prioritize Polygon as the public blockchain for its platform and GameFi Play-to-Earn projects. The platform is offering NFT collections created by global stars' licensed IPs. This means that users can buy from stars' NFT collections through the platform, and each NFT collectible will have a unique record on the IPFS network, benefiting from Filecoin and Polygon's security. What excited me is the platform's acceptance of general payment methods, especially credit cards, to offer easy access for consumers to participate.

    Other than that, the three musketeers (MATIC, The9, and Protocol labs) will demonstrate discussions to form a GameFi fund, which will provide financial and technical support to GameFi projects.

    Something's cooking peeps!

    submitted by /u/ryuk_luvs_apples
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    Ethereum Bridges Ecosystem 101: Solana, Polygon, Optimism and More

    Posted: 27 Sep 2021 11:46 AM PDT

    Differences between and ICO, IPO, IEO, and STO

    Posted: 27 Sep 2021 07:28 AM PDT

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