/21dotco is a place for news and discussion related to 21 Inc services and products. Backed by Andreessen Horowitz, Qualcomm, Cisco, and Peter Thiel, 21 Inc builds infrastructure for Bitcoin, from silicon to software.
What is the best single news feed that covers BTC and crypto in real-time? There are too many opinions and Im looking for a reliable (non-biased haha) news feed if thats really possible. Suggestions? /r/Bitcoin
important to note that when the new nChain tools are released this issue will be smallest on Bitcoin SV. All alt coins (BTC, ABC/BAB/BCH) this will be more of an issue...but they don't scale anyway so moot as digital currency: @CalvenAyre Twitter feed
important to note that when the new nChain tools are released this issue will be smallest on Bitcoin SV. All alt coins (BTC, ABC/BAB/BCH) this will be more of an issue...but they don't scale anyway so moot as digital currency: @CalvenAyre Twitter feed
Bitcoin:Views announces a new complimentary brand to our news feed - Subtle:Sounds, A new global collective of talented DJ's that love BTC, mixing beautiful electro house music... The perfect music to accompany the Bitcoin World! Enjoy!
I am new to the crypto space after 2017 after we hit an All time high of 20k, & before 2017 i never heard of bitcoin, none of my friends talked about it or anyone at school. How could a person be so lucky to discover this gold when it was super affordable, can someone tell me there experience of discovering this gold if you are an early invester.
They're not just a POS business, they are building infrastructure to be the financial institution of a tech-driven world. They have their own Venture Capital firm that gives out loans to SMBs and screens their historical transactions to gauge the risk and interest rates. Capital can be accessed the same business day instead of going formally to a bank with your papers and giving out a standardized interest rate to all businesses and waiting so many days for capital. The FDIC recently approved Square's bank charter application. All this to me suggests regulation accepting the grand network of financial tools in a world that has been skewing more and more towards technology.They're working on making it a multi-faceted company that will meet all of your business needs. e.g. small loans, payment processing, payroll, restaurant logistics; the all-in-one ecosystem that is intuitive and easy to use and impossible to leave. Earnings per share this year = 950% Earnings growth nxt yr = 245% Future ROE = 63.5%; The return on equity is a measure of the profitability of a business in relation to the equity.SQ became profitable this year for the first time. Square has two ecosystems: 1- POS 2- Cash App Imagine combining both, using cash app to purchase stocks, receive dividends, receive tips, receive pay check. Why invest in SQ? This company can takeover the world literally with internet currencies. During these times of printing so much money can devalue our currency so much. The collapse of fiat currency is almost impossible but if ever something like that happens; SQ will be a world champion compared to all its financial peers. https://preview.redd.it/1gapxa0qcpd51.png?width=1142&format=png&auto=webp&s=2d51010439b1523a46e52b8915adfbc870d84f40 As we can see, Bitcoin revenue segment has been going up huge and will be going higher because of covid19. Yes, transactions will fall because less consumer spending but BTC will rise ( as seen in the past days) therefore SQ is in a good position because of recessions. This is why I believe there is a good chance that SQ will post a profit this Q. Revenue has been growing immensely every Q. https://preview.redd.it/t13le2prcpd51.png?width=1155&format=png&auto=webp&s=35376a7d989867438758b9e8691698c2ca73feae https://preview.redd.it/47n5pegtcpd51.png?width=913&format=png&auto=webp&s=00aa7ee5f0baefa32047e16246dd9bd0cd5c8d24 China GDP = dark blue; Mobile payment transactions = purple; In only 5 years, the transactions are 3x the GDP of China. This is an immense growth potential that SQ will be first in line to take in that growth. Competitors only for cash app? Venmo & Zelle"Cash App's rising performance is in part thanks to its ability to monetize its growing user base: It brought in $30 in annualized revenue per monthly active customer, excluding Bitcoin, in December 2019, up from less than $15 in December 2017, Ahuja said. However, the revenue gained from P2P transactions alone likely isn't enough to successfully monetize a platform — Cash App has managed to monetize from several services while some of its competitors have struggled to do so, strengthening Square's already important subscriptions and service-based revenue segment.“ Basically, this means that these companies are struggling to keep up with SQ because cashapp is incredibly quick to create new services for customers. Secondly, it is better to invest with SQ just because you access two different ecosystems. These two ecosystems can be combined, which will change the world and disrupt banks. Yes, Square will have to work with banks because of jurisdiction and regulations. But as the regulations ease up, SQ will depend less on banks."Fueled by the improving user metrics, June witnessed Cash App growth of 130% above April/May levels, indicating a steepening adoption curve. Cash App is a peer-to-peer mobile payment app developed by Square that now offers enhanced functionalities such as receipt of direct deposit payments, ACH payments, and stock and bitcoin trading. The recent momentum, according to the analyst, is tied to government stimulus payments and equity trading. "Cash App adoption related to these factors, among others, likely offer monetizable second-order benefits such as Cash Card and Instant Deposit adoption," Beck wrote in the note.” https://finance.yahoo.com/news/squares-cash-app-growth-adoption-164046320.html Technical Analysis: https://preview.redd.it/mrc169uvcpd51.png?width=1213&format=png&auto=webp&s=068a65d4a696aa6b82c728e2dc11694754fd37c8 We see a wedge at the current price. It is stagnant at the moment because investors are waiting for earnings. If earnings are green, it will go break $134 resistance point. If earnings are bad, it will not break $100 strong support line. If you are looking for a short-term play, you can buy it now and expect a minimum of 10$ profit per share if earnings are good. If it is bad, I would say it will go down to $105 at the minimum (loss of around $20 per share) I believe the perfect entry price would be around $110 at the moment. My personal price target for 2022 is $375. Disclosure: **I hold a massive amount of ARKK. Planning to add SQ ASAP**
https://preview.redd.it/n5pkxql0crh51.jpg?width=1280&format=pjpg&auto=webp&s=959d7b4051bd1c20b53cfc28ee1c4cbdd355382e Swipe opened the month of August with the launch of its Swipe Network Staking and its announcement to run a Decentralized Finance Lending/Earn application on Binance Smart Chain. This was also followed by the plan to release product updates, events, listings, or partnerships every week until the end of 2020. Bringing their promise and commitment true to the public, here are the activities that Swipe has released for the past two weeks: https://preview.redd.it/5ztwd3p3crh51.jpg?width=1280&format=pjpg&auto=webp&s=a5305d9e040318cfe9e3da0a3a721c88cbaf80ae Swipe Launches Staking/DeFi Swipe has recently launched its test network for Swipe Network Testnet Staking and, at the same time, announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand. Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking. Also, Swipe revealed its plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe (SXP) Trading Competition Last August 5 to 12, Swipe and Binance team have both committed a total of 100,000 SXP and 50,000 USDT in prizes to thank its users worldwide for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. The contest was divided into three categories: a new user exclusive rewards, a trading competition, and the Lucky 99, which awarded users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume. Swipe x WBTC Swipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide. SXP on CoinDCX SXP, the native token of Swipe, is now listed and live on its second Indian Exchange CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT. CoinDCX trading links for SXP: https://coindcx.com/trade/SXPBTC&https://coindcx.com/trade/SXPUSDT Wazirx AMA Session Swipe Chief Executive Officer (CEO) Joselito Lizarondo, held an AMA session with the Telegram community of Wazirx, a bitcoin exchange in India, last August 7. In the AMA session, Lizarondo answered questions about Swipe, Swipe Card, its new partnership with Binance, and the recent projects that the company has announced. The community also asked if Swipe is planning to bring its card services to India as it is one of the biggest crypto market countries at present. To read the whole summary of the AMA visit: https://blog.wazirx.com/ama-with-joselito-lizarondo-ceo-founder-of-swipe-summary/ New Swipe Product Manual Swipe has released a new “redefined” white paper under the title: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned. Technical descriptions and documentation will be made available, as required, per protocol, as some will have API access for developers. The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop. Swipe 0% Fees Starting Monday, August 17, Swipe Wallet and Swipe Card users will no longer have to pay any fees to buy, sell, and pay with crypto. Users can now purchase, sell, and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees and free card shipping. Swipe Staking As Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning on August 23, 00:00 UTC. More details of the staking can be viewed at: https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813 Swipe Reddit AMA In his first blog post on Medium, Swipe CEO Joselito Lizarondo answered the questions that the Reddit community asked regarding Swipe’s activities and plans for the future. He talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.” Read the whole transcript of Joselito Lizarondo’s AMA here: https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589 Swipe and Kava Partnership Swipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card. $16M+ Ecosystem Rewards Program for BNB Holders on Binance Swipe is launching a 12-week-period $16,000,000 Ecosystem Rewards Program for BNB holders, starting August 17. This program aims to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a strong community. With Swipe’s partnership with Binance, a weekly distribution of 333,333.33 SXP will run to BNB holders on Binance.com. Know more about the Rewards Program here: https://medium.com/swipe/swipe-launches-16m-ecosystem-rewards-program-for-bnb-holders-on-binance-e79ffc9dc252 Swipe’s Chainlink Based Price Oracles Now Live Swipe has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain. This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates. --- Stay up-to-date with all the latest news from Swipe Website: https://swipe.io Twitter: https://twitter.com/SwipeWallet Facebook: https://facebook.com/Swipe Instagram: https://instagram.com/Swipe Medium: https://medium.com/Swipe Telegram: https://t.me/SwipeWallet & https://t.me/Swipe LinkedIn: https://www.linkedin.com/company/swipewallet YouTube: https://youtube.com/SwipeWallet
We've already received over 300 developer signups from over 40 countries for the Chainlink Hackathon. Get ready to join one of the biggest blockchain developer events of the year and build the next top DeFi dApp with support from our world-class mentors and a chance to win over $40K prizes.
@synthetix_io is now fully #PoweredByChainlink, switching all its cryptocurrency and index synths to Chainlink's Price Reference Data due to its high-quality data, decentralization, & ability to scale the platform to secure more value.
Bitcoin smart contract platform @RSKsmart has successfully integrated Chainlink oracles via its @rif_os technology. This allows RSK developers to build smart contract applications connected to real-world data that are secured by the Bitcoin blockchain.
@01node is a new node operator supporting Chainlink's live Price Reference Contracts. As operators experienced in securing millions of USD for PoS chains, they bring added decentralization by running their own physical servers that further minimize cloud dependencies.
Decentralized lending protocol @useteller is live on testnet consuming Chainlink's Price Reference Data for ETH/USD, BTC/USD & LINK/USD. These price feeds help Teller ensure that all APR calculations for unsecured loans reflect real market conditions.
Telecommunications blockchain @QLCchain is integrating Chainlink to make its aggregated data available to smart contracts. This data can power new DeFi applications like automating payments between telco providers, tokenizing telco infrastructure & more.
Social reputation score provider @DecentrNet is integrating Chainlink to allow users to share their data in #DeFi dApps to obtain better interest & collateralization rates. Chainlink also helps Decentr make this key data available across any blockchain.
@opium_network is using Chainlink's USDT/USD Price Reference Data live on mainnet to launch the first credit default swap on a centralized stablecoin—USDT. This is another example of how Chainlink oracles are powering innovative DeFi products.
Blockchain card game @EtherLegends will use Chainlink VRF to power their random distribution of NFT-backed end-of-season rewards. These rare items will be awarded to top players at the end of the ongoing season with verifiable proof of fair distribution.
DeFi is disrupting finance and crypto by moving beyond tokens and wallets into sophisticated smart contract applications that allow p2p lending, liquidity mining, synthetic assets, derivatives, and more. DeFi pioneers Sergey Nazarov (Chainlink), Andre Cronje (yEarn), Stani Kulechoiv (Aave), and Kain Warwick (Synthetix) come together to explain DeFi’s remarkable growth on Ethereum, expansion into new markets, and the impact of live infrastructure, especially decentralized oracles, on DeFi protocols.
Chainlink Labs Chief Scientist Dr. Ari Jules gives a #SmartCon Keynote explaining how DECO helps Chainlink oracles liberate more web data for smart contracts, including identity records, financial data, accredited investor confirmation, supply chain logistics, and more. Using DECO to make this data available on-chain allows blockchains to enhance many enterprise use cases today while still retaining the key property of data confidentiality.
Chainlink-powered decentralized oracles provide smart contracts with definitive truth about the validity of real-world data. In this Keynote, Sergey Nazarov explains how Chainlink is using its secure and reliable oracles to expand the addressable market of smart contract applications into the trillions, thanks to opening up blockchain applications in DeFi, CeFi, Fintech, Web 2.0, and enterprise systems. He also discusses Chainlink’s new DECO acquisition and how it opens up access to web data for smart contracts while preserving data security and confidentiality. Other SmartCon talks now posted include:
Thanks to all #Chainlink Hackathon participants and congrats to the winners! Devs showcased a wide range of new Chainlink functions: - P2P car rental platform using a @Tesla API - Yield farming RPG game - AMM insurance market - decentralized library & more
WBTC's $1 billion+ in Bitcoin will now gain additional security using Chainlink's Proof of Reserve capability. We're thrilled to be working with @BitGo to enable greater transparency & therefore more usability for WBTC as a form of collateral across DeFi.
Crypto-fiat payment provider @AlchemyPay is integrating Chainlink price feeds into its payments & upcoming DeFi platform. This ensures that users receive the fair market when interacting with DeFi dApps or making retail crypto payments on Alchemy Pay.
Gaming platform Planetarium is integrating Chainlink into @NineChronicles to power cross-game Metaverse communication, in-game commodity pricing, and secure trading of in-game items, with additional plans to use Chainlink VRF to create unique NFT-backed in-game items.
DeFi platform @strongblock_io has integrated Chainlink’s ETH/USD & LINK/ETH Price Reference Data feeds live on mainnet to calculate its staking rewards. This ensures that all rewards issued to StrongBlock users are accurately & transparently distributed.
Blockchain platform @blockstack is integrating Chainlink as its go-to oracle solution to empower universally connected smart contracts. Blockstack devs will have access to any API, Sybil resistant nodes, live decentralized price oracles for DeFi and more.
Private synthetic asset DeFi platform @OffshiftXFT has integrated Chainlink's BTC/USD and XAU/USD Price Feeds live on Testnet to serve as decentralized reference prices for users minting, burning, and trading its privacy-preserving zkAssets.
DeFi platform @OfficialCentaur integrates Chainlink VRF to add enhanced transparency. Chainlink VRF's provably fair source of RNG enables unbiased random selection of sale participants, leveling the playing field for all.
New Chainlink Node operator Inotel is now live on mainnet helping secure Chainlink's Price Reference Data for DeFi developers. Inotel brings DevOps experience as a PoS validatonode operator on 9 other Web3 networks, helping secure millions in USD value.
Chainlink's oracle network unlocks new markets for insurance + expands DeFi’s footprint. @avivahl from @Gartner_Inc highlights how organizations like @ArbolMarket use Chainlink rainfall data to give farmers access to parametric weather insurance contracts.
Data providers use Chainlink to sell data/APIs to multiple blockchains in under an hour, from existing APIs & without running any additional software. Many have then launched Chainlink Nodes in a few hours, to sell signed data directly to smart contracts.
Rewatch our a live Q&A with the Aavegotchi team. We speak about Aavegotchi's recent integration of Chainlink VRF and its use of decentralized oracles to grow the NFT ecosystem. Come learn more about NFTs / crypto-collectibles, Aavegotchi and more.
The QDAO DeFi community is helping us push the project to global success! The development of the platform continues, participants accrue daily income and new products are under development. Let’s share some important updates from last week.
Cryptocurrencies and DeFi coins market analysis
The situation in the crypto market has changed dramatically over the last week. It’s correction time! Market capitalization dropped to the $320 billion mark by losing almost 20% of its value. The reason is clear – a storm in the US stock markets. Bitcoin lost 11.54% of its price and is now trading around the $10,050 mark. The breaking of $10,000 will be a strong signal for the whole community and could cause panic. The decline will continue towards lower figures. The DeFi market reacted to the global sinking. In just one week, the total value locked in DeFi services dropped from the $9.5 billion height to $8 billion. Further decline is possible. Here are the week’s results of some popular DeFi coins:
Now, the crypto market is vulnerable to the events in the traditional financial markets. If the crisis continues, we can expect a further decline.
The DeFi Market took a short break before the next race but remains in the spotlight of news outlets. Here are the most important news feeds of the week:
SushiSwap got slammed! The highly anticipated project SushiSwap found itself crashed after a sharp increase in popularity. The project has been handed over to FTX CEO Sam Bankman-Fried. The decision happened after SUSHI fell from $9.5 to $1.13 in just five days.
Binance enters the DeFi race. One of the biggest exchanges, Binance is launching an automated market maker called Binance Liquid Swap.
Chinese users demand their DeFi freedom! Local Chinese DeFi exchanges cannot withstand the onslaught of customers. DeFi is one of the most demanded search queries – 900,000 daily!
QDAO DeFi updates
The QDAO DeFi team is working hard to ensure the wealth of the community. Only consistency and users’ support will help our project achieve global success. We added a series of useful tutorials on our YouTube channel. You can learn many things about popular DeFi platforms, crypto wallets and the DeFi market:
QDAO DeFi’s blog is full of crucial information. We launched a series of educational articles with one main purpose – to help you earn and share the knowledge! Recently, we added some articles of great value, check them out to improve your investor’s experience:
Number of active users — 7894 Total amount of users’ funds: 2691818.1984 XRP 885.110144209 ETH 201.37511519 BTC 12952411.606 ADA …and more. Current users’ interest balance: 70510.0591 XRP 16.0863086 ETH 2.85178881 BTC 123353.165 ADA …and more. Number of withdrawals made: 5769 Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram and LINE (for the Japanese-speaking community).
QDAO DeFi continues to get stronger and stronger every day. Our deposit products attract hundreds of new clients each week, while our awesome new products are edging closer to release. Take a look at our main developments of the last week and the most interesting events in the DeFi market.
Cryptocurrencies and DeFi coins market analysis
The crypto market is returning to the growth phase after a short-term pull-back. Bitcoin is climbing up to $12,000 and all the altcoins are following it. The bears seem to have lost the chance to push the price of the main cryptocurrency lower. The DeFi market shows steady growth, as if there was no pull-back at all. The total value of the locked asset exceeded $9 billion, adding $2 billion in just one week. For the most part, DeFi coins show growth. Here are the week’s results of some popular coins:
As we predicted, the growth of BTC pushed DeFi assets higher. We can expect the trend to continue.
DeFi continues to blow the minds of crypto investors. The market is flying to the Moon and the news feeds went crazy. Here is the most interesting news:
Uniswap beat Coinbase Pro. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges. Uniswap processed a volume of $426 million in 24-hours, outpacing Coinbase with their $349 million.
Yearn.finance continues its conquest. Last week the price of YFI was at the $13,600 level but now it’s tripled! The capitalization of the coin overcame $1 billion.
Binance wants to ride with DeFi. Binance is listing another DeFi token — WBTC. Wrapped Bitcoin (WBTC), a new ERC-20 token pegged to the price of Bitcoin (BTC) — may be another boom in the market!
QDAO DeFi updates
We strictly adhere to the roadmap and never stop the development of QDAO DeFi. The market is favoring DeFi projects and we are ready to take our cut of the success. QDAO and USDT coins are now available for trading in Uniswap. It’s a big step for QDAO DeFi as it will attract dozens of hundreds of new clients.
The latest stats from QDAO DeFi PULSE: Number of active users — 7682 Total amount of users’ funds: 2717177.80582 XRP 889.272703642 ETH 202.5727295 BTC 13341866.318 ADA …and more. Current users’ interest balance: 68422.702 XRP 15.0970732 ETH 2.806992631 BTC 111216.9681 ADA …and more. Number of withdrawals made: 5442 Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram and LINE (for the Japanese-speaking community).
QDAO DeFi is sailing on toward success. The number of active users has already exceeded 7,500! We are proud to have such a big community in such a short time! Here are the most important updates of QDAO DeFi and the whole DeFi market.
Cryptocurrencies and DeFi coins market analysis
The crypto market seems to have a slight pull-back compared to last week. Now, the BTC price is constantly moving down throughout the week. Bitcoin is trading around the $11,300 mark. We can expect a future decline before the next rally. The DeFi market continues to grow at a tremendous pace. It has already managed to break through the $7 billion mark in terms of locked value. DeFi coins are divided into red and green teams. Some of the most popular coins are showing growth, while some sank after the market:
The market cap continues to grow despite the overall decline in the price of coins. The next phase of the BTC rally will push DeFi services even higher!
Everyone continues to discuss DeFi. Here are the most valuable news feeds from the week:
DeFi surpasses $7 billion in locked value. Decentralized finance continues its movement toward new heights. However, only six projects hold 90% of the DeFi capital at the moment. This situation is easy to explain, given the youth of the DeFi market.
YFI makes a boom! The yearn.finance coin was presented less than 2 months ago and has already increased by an unbelievable +1650% in price! The DeFi coin managed to top Bitcoin and now costs around $13,600.
Aave’s LEND is now licensed in the UK. DeFi giant Aave received an Electronic Money Institution license from the UK Financial Conduct Authority. The LEND token rallied to a new all-time high after surging by 30% from $0.59 to $0.77.
QDAO DeFi updates
QDAO DeFi development continues! We are doing everything possible to hit new heights and attract as many new users as possible! We are preparing a lot of useful information for QDAO DeFi participants. We will explain in detail how to use our new services, making them clearer. We also want to discuss the trends of DeFi services. So don’t miss this.
The latest stats from QDAO DeFi PULSE:
Number of active users — 7528 Total amount of users’ funds: 2704401.21269 XRP 888.823831826 ETH 201.401208227 BTC 13404311.501 ADA …and more. Current users’ interest balance: 65060.3701 XRP 15.12642886 ETH 2.73591926 BTC 116517.38328 ADA …and more. Number of withdrawals made: 4840 Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram and LINE (for the Japanese-speaking community).
Before we begin, something must be made very clear. I overheard someone speak of bringing offline street drugs into our offices. I will not stand for this and I will not allow this, anyone considering something so foolish is obviously sober from cut, street quality drugs and in no sound state of mind to conduct his or her official Darkmarket duties. Not to mention I would like to formally introduce our newest staff members, AnonyZDon Ludolf and MrMandrake. They have completed our hazing rituals. As you well know we have a long standing tradition of forcing our newest staff members to smoke copious amounts of purple haze while listening to purple haze in a very small room while wearing a small purple suit. Due to budget concerns we apologize for it being the wrong size and rather filthy. Thank you. The rest of this newsletter will now commence. In order to have a greater focus on our security at Darkmarket these are the measures we are implementing: We will no longer be offering public tours. Private celebrations only. We will feed the office tiger less, or possibly more cocaine. We will remove the large illuminated Darkmarket sign from above our offices. There are other matters at Darkmarket of great importance, equal to that of security and safety and one such matter is restoring the fraud community on the darknet. We will be opening applications for the Guide Review Board (GRB) which will have selected fraud vendors review guides on various hacking and fraud methods. A position for PR will also be available soon feel free to apply by opening a ticket on the market but experience is required. In closing For new users: Our market works a little differently. We don't have individual wallets for each buyer, instead we create and generate a unique bitcoin or monero address for each new order that you make. So all you need to do is find a product you would like to purchase, click on add to cart, then click on your cart. If the product is a physical product you will see a white box to add your address details, please enter your address details and click on Next this part is quite important because it will save your address details and encrypt them with the vendors PGP! Then click on checkout and purchase and you will be able to go back to your account, click on your purchases tab on the left hand menu bar, then the ID of the purchase which will bring up all the order details including an amount to pay in bitcoin or monero depending on what you selected at checkout, then you will see a unique bitcoin or monero address just for that order. You simply pay the exact funds specified in BTC or XMR to the address provided and remember to include the amount for fees because if you don't pay enough it will show the balance of the address but the vendor won't be able to ship your product! Once paid it will show enough in green, will notify the vendor and they will be able to ship your product. You will also have an order conversation where you can communicate with the vendor about your order and ask any questions you need to as well as a button to mark as delivered when you receive the product or to Extend Finalize Time if you haven't received the order in time which resets it back to the 12 day auto-finalize time!. You can also dispute an order in a sent state at the bottom of the page, simply fill in a reason and click on submit. Depositing and Canceling orders: 2 confirmations are needed until funds will show on an order and that if you cancel an order before this occurs and it shows in the order, a manual refund may not be done because our policy is we do not do manual refunds, if we do, there is a fee that is charged because it does take quite some time to do this on a personal request basis. Search update: We know there were some bugs that were reported which have now been fixed and we will be working to add back the category option in search and will also be adding keywords to products which will assist in listing products with certain search terms as well. Updates will be announced over the coming few weeks.
An Ethereum based work of art just sold for $100K. A bit of hype right now around NFTs, but Ethereum's high-end crypto art market is actually really interesting. Overview here.
With DeFi markets sputtering earlier this week, crypto twitter seemed to suddenly shift its attention to the next shiny new thing this week: NFTs, or non-fungible tokens. But NFTs aren’t new. In crypto, the concept has been around for over 5 years. However, this market cycle, they are inherently more interesting. Today, I’ll briefly sum up what NFTs are and dig into one fascinating aspect of this market: high-end crypto art. What are NFTs Items that are fungible can be replaced with another identical item without anyone caring. For example, any $5 bill can buy a hotdog just as effectively as any other. Bitcoin, ether and pretty much any crypto asset you see on messari.io fall into the “fungible” bucket. Items that are non-fungible are unique and can’t be exchanged 1 to 1. The simplest example being art. Try asking the people at the Louvre to swap your 5 year-old’s crudely painted hand-turkey with the Mona Lisa and you’ll experience true non-fungibility. https://preview.redd.it/wabbc50v0cp51.png?width=599&format=png&auto=webp&s=22a525f284411f461d4d8399d76b840e8dad10fa So in the crypto world, NFTs are simply tokens that represent something unique. Unsurprisingly, NFTs attached to unique pieces of purely digital artwork are gaining steam. Crypto’s Art Scene In many ways, much of crypto is simply the recreation of existing human behaviors in a purely digital environment. Markets. Trading. Lending. Borrowing. Speculation. As such, it should be no surprise that markets have formed around trading and speculating on works of digital art. Like NFTs, crypto art markets have been around for years. As with NFTs and DeFi as a whole, the underlying technology is much more mature this cycle. Add in the fact that there’s a ton of freshly created wealth in the space from DeFi’s casino summer, and you get a crypto art market that’s heating up. After all, investors need to park all those DeFi gains somewhere. Nowhere is this combination of technological sophistication and wealth on display than in this piece from Matt Kane titled, “Right Place - Right Time” that sold for almost $100K on a platform called Async Art. https://preview.redd.it/qq5j33ua1cp51.png?width=2048&format=png&auto=webp&s=82833bb1eeb4af49f53e2c171fc8da93f32d1688 Right Place - Right Time If you look at the above screenshot of Matt Kane’s work, it just looks like a cool piece of Bitcoin art. What’s under the hood is what makes it interesting. Kane wrote an algorithm that’s tied into a BTC pricing feed. Every 12 hours, the algorithm updates the piece based on Bitcoin’s volatility from that day, which you can see on display in this GIF. In addition to being an evolving work of art, there are a few other components that make this interesting. For one, Kane has retained an ownership token that allows him to fine-tune the piece over time - a novel aspect of NFT based artwork that allows the artist to retain some level of control over the work. Artwork no longer has to remain static, and instead, can adapt and evolve as an artist builds upon their work over time. Secondly, as this piece responds to the rhythms of bitcoin volatility, it will mint 210 individual NFTsbased on significant days of movement. For example, say BTC hit’s $20K, a new NFT will be minted and sold based on what the piece looks like on that day. Whoever buys that NFT will have the ability to claim a physical print version. The next point of interest are the rights baked into the sale. The work was purchased by a collector going by the name of TokenAngels. As the piece generates and sells new NFTs, TokenAngels will receive 21% of each new sale. So in addition to the potential for the work to increase in value, it’s also a productive asset. Again, something fundamentally new, all codified into the underlying work A Shift in the Balance Traditional art is a $65 Billion dollar market, with the balance of power firmly in the hands of wealthy collectors. There was an infamous contemporary art sale in the 1970’s by a collector named Robert Scull. Scull bought up works from living artists around the world from $600-$10,000 and then sold them at auction for many multiples of his purchasing price. All-in-all, Scull’s total collection sold for an unheard of $2.2M ($14.7 million adjusted for inflation today). While this auction is credited for the birth of the highly speculative contemporary art market, Scull was criticized for how little of the windfall went to the actual artists. For example, Scull bought a piece from an artist named Robert Rauschenberg called, “Thaw” for $900 and sold it for $85,000. Rauschenberg didn’t see a dime in royalties. NFTs come with the benefit of more artist-friendly terms, leading to a shift in the balance of power between artist and collector. Note that TokenAngels receives 21% of the residual NFT sales from Matt Kane’s piece, not 100%. Similarly, an NFT art marketplace called SuperRare bakes a 10% creator royalty commission into all secondary sales - something Robert Rauschenberg would have appreciated in 1973. A New Frontier More artist-friendly terms along with curated marketplaces like SuperRare and Async Art are attracting a flood of new artists into the space. For a profession that’s notoriously impoverished, the allure of large amounts of money sloshing around these markets make crypto art even harder to ignore. In addition to Matt Kane, we’re already seeing early signs of a new breed of artists. Another name gaining steam is an artist that goes by the name of Pak. In true crypto fashion, Pak is completely anonymous and there’s speculation over whether their art is the product of one person or of artificial-intelligence produced by a collective of engineers. Pak has over 140K twitter followers and has sold over $350K in NFT artwork, including this piece that recently went for around $10K. Given that this is crypto, it’s also worth noting just how ripe these markets are for manipulation. Imagine how easy it would be for a whale to purchase a Pak piece for $10K, sell it to a friend for $25K, buy it back for $50K and then sell it to an unsuspecting speculator for $100K. Wash trading has already become problematic on a platform called Rarible and undoubtedly is taking place. (Rarible has recently introduced platform fees in order to disincentivize wash trading, although it likely won’t be a bullet-proof solution to the problem). What’s Next Wash trading aside, all of this speaks to the fact that the NFT hype isn’t without merit. These are new behaviors uniquely made possible through new marketplaces primarily built on Ethereum. And crypto art is only the beginning. NFTs can and will be used to represent other non-fungible items. The obvious being other forms of creative outputs like music. Less obvious but equally intriguing are financial contracts like insurance. Imagine taking out a policy on your work of art that insures against loss of the work’s private keys. The integration of DeFi primitives into the NFT space is accelerating rapidly. For example, using a platform called NFTfi, you can now post your NFT as collateral and take out an ETH denominated loan. Another platform, Niftex enables NFT holders to fractionalize their assets into multiple tradeable tokens. While these applications are new, it’s not hard to see them taking off alongside the rest of the crypto art and NFT market. In a few decades, the rise of Ethereum art markets might be comparable to Robert Scull’s introduction of the speculative contemporary art market. The key difference is that this time, artists will be well compensated for their work. Perhaps the masterpieces of the future will be on display in galleries held in metaverses like Decentraland, each insured by NFT policies, on loan from the collector with the original artists still collecting royalties on their work years after inception. Source: Messari Stay up on all-things NFT Mason Nystrom has been a great source for all-things Web 3 and NFTs, so give him a follow on twitter, More resources (paywall warning)
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