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@fillippone. With speculations that bitcoin ETF approval is near, it might be good to update the thread weekly on how much GBTC's discount or premium on net asset value. I reckon this will be a good indicator to use if Barry's insiders think ETF approval is getting closer.
It does not need to be the approval of Grayscale's ETF, I reckon it will be any ETF because the approval of 1 will be the approval of much of them.
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But if there are clear cut laws, then for sure NFT or projects are going to carry it out within the boundaries so that they won't violate any laws established. But for now, it seems that we are in the western type of era. SEC can swing at anyone they want, and then projects, some of them might be pulling out scams after scams.
I believe that is the key problem. No regulation certainty allows many things to happen, either abuse from the government or just scams running around with little to no incentive to stop them. Things like this should not last that long. I don't know why it takes so long for regulations to come out either, considering other countries already propose many bills to be approved. On the other hand, people need to improve their awareness so they don't have to rely on the law to avoid easy-to-spot scams like NFT airdrop, etc. CMIIW. Yes, there is no clear regulations and that's why projects are taking advantage of it, be it they are going to scam or not. So at the end of the day, it boils down as to how and what will be the regulations and when it will be promulgated by the SEC or any governing body for that matter. So for now, as I have said, it's free for all, but when crypto regulations are point into place by different countries, this scammers will have no way to steal money from crypto investors again. However, securities frauds and scams also happen in traditional finance. The only difference is the scammers in traditional finance are our rulers, the people who are fixing the game against you. They do not want the clowns like Arthur Hayes, CZ and Justin Sun to run the scams. They want to monopolize the scams and have all control and power over it. |
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@Marvell1. We cannot be quite certain in what mental condition Sam is presently right now, however, we can be very sure prison is not a very good place for him. In any case, does anyone in this thread know Martin Shkreli? He was a hedgefund manager who commited securities fraud and who is also quite known and admired in the cryptospace. He has recently been doing twitter spaces where he talks about updates on Sam in prison. The information comes from his source, a person he also met in prison. Here is one of the spaces. https://twitter.com/wagieeacc/status/1699971326776123594?s=20 |
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The latest news or rather an update I just saw in one of the news channel I am following on telegram said that the FBI says North Korean hackers 'Lazarus Group' are behind Stake․com's $41 million crypto theft.
I don't know how true this is since there is no reference link or site attached to the news yet ..
But my question now is, if this supposedly turns out to be true, is there any chance of stake getting that money back?, Since the group behind the hack has been uncovered or discovered ?
I have mentioned in another thread that it appears anything can be blamed on North Korea. FBI can say the Lazarus Group did it and the hacking group is from North Korean's cyber offensive division. We cannot really prove or disprove it and I am afraid that there is a bigger agenda behind this fear tactic. I am not quite certain what, however, we can be sure that it will be something about bringing stricter rules on the cryptospace. |
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@passwordnow. Agreed, this is why it is called gambling, risk taking or speculating hehe. However, if Larry Fink mentions that they can see a future towards tokenization, we can be quite certain that inflows of funds will certainly go into protocols that implement RWA. However, another speculation. Where and what blockchains would much of these RWA projects be created? I reckon some people from traditional finance already know.  Cathie WouldCathie Wood’s Ark Invest joins VanEck in race for spot Ethereum ETF[/b]
Source https://www.dlnews.com/articles/snapshot/ark-invest-and-vaneck-file-for-ethereum-etf/ |
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On the news about the Lazarus Group and how the American government is using this for fud and fear tactics, It appears we have another one. The FBI identified that it was the Lazarus Group that hacked stake.com. I shake my head. I am not implying that this is fake news, however, anything can be blamed on North Korea. The FBI is issuing this release to warn the public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place on or about September 4, 2023, and attributes it to the Lazarus Group (also known as APT38) which is comprised of DPRK cyber actors. Source https://www.fbi.gov/news/press-releases/fbi-identifies-lazarus-group-cyber-actors-as-responsible-for-theft-of-41-million-from-stakecomThere are also other articles that say these hacked cryptocoins are being used for funding North Korea's nuclear missile program. |
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I question my decision on drafting Deshaun Watson instead of Trevor Lawrence for by qb1. I wish he is allowed his regular schedule of power massages before practice similar to when he was in Houston. It is good for the mind hehehe.
Watson is a SERIOUS gamble and I would not play him until he proves himself.
Just a bit of advice.Why did you edit your post and scratched Massage Watson as a serious gamble? Did you get information making him a very lucky pick? I had the decision between Massage and Lawrence, however, why would the Browns make him one of the highest paid quarterbacks if he cannot perform as expected? They also accepted him despite the sexual molestation cases. Massage for MVP! I crossed it out after you mentioned your backup was Stafford and I checked the Waiver wire and you literally have nothing but gambles for choices.  @wheelz1200. Your bet is alive with the Lions leading by 1 point, however, the turnover on the 45th yard line with around 3:00 left will be a challenge. The defenders are doing a very good job, however. What were the odds for Lions moneyline?
Okay only 2:00 left in the game, the Lions has the ball. I want Patterson field goal from 30 or longer. |
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News update. FTX executive Ryan Salami has pleaded guilty and has made a deal to become the next whistleblower against Sam. My speculation only hehehe. In any case, according to this documentation, he owes the American government $1.5 billion, however, the government has accepted these substitute assets worth $6 million as full payment. This is head shaking. We can only speculate on what other agreements were made in this settlement. Substitute assets that were mentioned are 2 houses, equity interest in East Rood Farm corporation and a 2021 porsche 911 hehehehe. Source https://www.docdroid.net/j71g1oq/forfeit-salami-pdf |
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I question my decision on drafting Deshaun Watson instead of Trevor Lawrence for by qb1. I wish he is allowed his regular schedule of power massages before practice similar to when he was in Houston. It is good for the mind hehehe.
Watson is a SERIOUS gamble and I would not play him until he proves himself.
Just a bit of advice.Why did you edit your post and scratched Massage Watson as a serious gamble? Did you get information making him a very lucky pick? I had the decision between Massage and Lawrence, however, why would the Browns make him one of the highest paid quarterbacks if he cannot perform as expected? They also accepted him despite the sexual molestation cases. Massage for MVP! It also appears Cooper Kupp this year will be something similar to Jonathan Taylor last year. Cooper Kupp's pesky hamstring issue seems to be getting more complicated by the week.
First things first: Kupp will not play in Los Angeles' season opener against the Seattle Seahawks on Sunday, Rams coach Sean McVay announced WednesdaySource https://www.nfl.com/news/rams-wr-cooper-kupp-hamstring-out-for-week-1-vs-seahawks |
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Despite my speculations on real world assets in DeFi has changed only because Blackrock and other firms from traditional finance are beginning to support it, the original argument about the value of assets native to the cryptospace has not. In any case, this article mentioned that Justin Biebert's produce is selling the song Company as NFTs and the holders will earn royalties from sales through streaming services. I reckon this might set up a new precedent for the music and movies industries and it also shows that if successful, it has shown a very good usecase for the democratization of funding and ownership through NFTs.  Ever wanted to own a tiny slice of a Justin Bieber song? Writer and producer Andreas “Axident” Schuller is set to sell NFTs that will grant owners a percentage of future streaming royalties to Justin Bieber’s hit song “Company.”
Schuller, who has also worked with the likes of Pitbull and Jason Derulo, has teamed up with blockchain-based music rights platform AnotherBlock to sell a 1% total portion of the streaming royalty rights to Bieber’s “Company” via 2,000 Ethereum NFTs.
Each ERC-721 token will be available to purchase from 0.017 ETH (about $28) and give each holder 0.0005% of future streaming proceeds from digital service providers like Apple Music, Tidal, and Spotify. As it stands, royalty payments will be made every six months—but AnotherBlock has previously teased “major updates” on this front.Source https://decrypt.co/155164/justin-bieber-producer-selling-royalties-song-company-nfts |
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@zasad@. I predict that this will be another case where the SEC will try to stretch the securities laws but when the companies requests for guidance to avoid breaking the law, the SEC refuses to give it to them.
The SEC then will make an indictment, they will face a judge and this judge will do uncle Gary's job again for him and declare that these tokens are not by themselves securities.
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@dragonvslinux. However, if at the very least one of the applications was quite certain to be approved this year, should the market not begin to move more positively in anticipation to the approval?
Similar conditions for GBTC and Barry's group because if there is one ETF that will approved, GBTC converting into an ETF is 100% certain. Watch the movement of GBTC from discount to premium. This might be the first signal.
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@passwordnow. I would agree that the early investors on RWA are gamblers, however, if the inflow of fiat and stablecoins are increasing quickly from $5 billion total value locked to more than $500 billion total value locked, I reckon this would be a gamble that will give you a higher chance of winning if you are early.
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News update. James Jani made a video that summarizes the story behind FTX and it also speculates what might happen to CZ and Binance for being the trigger of the collapse of FTX and Alameda Research which might have also been caused by Sam himself for using his political connections to lobby against his competitors. However, FTX was also not in a very good financial condition. It would have fallen later if CZ did not dump Binance's holdings of FTT and it would have left them with tokens of no market value. https://m.youtube.com/watch?v=w3EYKuFGJ5c |
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@passwordnow. It did not get much attention on 2017 because the cryptospace did not have enough of the infrastructure it presently has today. Also, the interest from traditional finance was only limited towards bitcoin, altcoins and their ICO scamcoins. The cryptospace today is very different and certainly much more ready to accomodate tokenization of real world assets and securities.
I agree, that it has become different today and just like the AI trend there have been those type of projects before but wasn't noticed because the focus were not on those. I guess they were saved for today's time and when we seem to run out with new ideas, they're going to come in. Who knows if they're going to be the next trend and maybe by next year when the market is about to get back to its former shape, the new ideas will come again such as RWA and there might be a smooth transition for its introduction. The difference on who will implement the next RWA storylines is it will not be the hustlers and the clowns in the cryptospace. It will be the rulers and the real criminals from traditional finance hehehe. They will bring their trillions and tokenize anything that could be sold to retirement funds and pension funds. |
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Phew. That's an awful hit.
I'm sure we're all eager to hear for an official announcement regarding how it happened. A matter of employee access controls failing, a software failure or something else? That's for sure a large amount to keep out of cold storage anyway.
EDIT: Seeing a reply from Eddie on Twitter, it does look like even a $40 million loss is considered a small portion of reserves. Still, begs the question what happened if it's something others can learn from.
Also, stake.com pays $100 million in sponsorships to different athletes and celebrities. They could certainly cover the $40 million the sportsbook lost from a hack. The most important for users is do not panic and give the sportsbook their much needed to time to investigate and secure their service. A temporary freeze of deposits and withdrawls should be expected. |
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It appears the market is telling everyone that there will be no approvals for any of the applications on ETFs this year? What is everyone's speculation on this?
Also, after Grayscale won their case against the SEC, I reckon our attention should be on GBTC. Barry and his insiders would be buying much of this if they have confidential information if an ETF approval of any of the applications is near hehehe.
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@passwordnow. It did not get much attention on 2017 because the cryptospace did not have enough of the infrastructure it presently has today. Also, the interest from traditional finance was only limited towards bitcoin, altcoins and their ICO scamcoins. The cryptospace today is very different and certainly much more ready to accomodate tokenization of real world assets and securities.
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I question my decision on drafting Deshaun Watson instead of Trevor Lawrence for by qb1. I wish he is allowed his regular schedule of power massages before practice similar to when he was in Houston. It is good for the mind hehehe. Watson is a SERIOUS gamble and I would not play him until he proves himself. Just a bit of advice. I also hope the draft for Cooper Kupp on 4th round will be worth the risk.
In any case, this is my cheatsheet.
{snip}
yeah, I took Kupp in the second last night not knowing he was injured. I faded the fuck the last 2 years because he fucked me with an injury and now he did it again!  I think the 4th is fair though as he should be fine in a few weeks and hes just a target monster as Stafford is a one trick pony. Not sure who did your cheat sheet but I don't like alot of the order in those tiers. It was because I knew I cannot draft Mahomes, Hurts, Josh Allen and I was also thinking if I cannot draft the lower ranked quarterbacks Burrow, Herbert, Fields or Lamar, the risk on Lawrence will not give me a higher chance to get more points per week. Deshaun Watson might give me some winners, however. My other problem, my backup qb is Stafford hehehehehe. |
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I question my decision on drafting Deshaun Watson instead of Trevor Lawrence for by qb1. I wish he is allowed his regular schedule of power massages before practice similar to when he was in Houston. It is good for the mind hehehe.
I also hope the draft for Cooper Kupp on 4th round will be worth the risk.
In any case, this is my cheatsheet.
Justin Jefferson
Christian McCaffrey
Ja’Marr Chase
Tyreek Hill
Austin Ekeler
Tony Pollard
Nick Chubb
Travis Kelce
Davante Adams
Saquon Barkley
Derrick Henry
Stefon Diggs
CeeDee Lamb
Amon-Ra St. Brown
Bijan Robinson
Cooper Kupp
Joe Mixon
A.J. Brown
Jaylen Waddle
Tee Higgins
Garrett Wilson
Calvin Ridley
DeVonta Smith
Chris Olave
Josh Jacobs
Rhamondre Stevenson
Najee Harris
DK Metcalf
Chris Godwin
Cam Akers
Alvin Kamara
Patrick Mahomes
Josh Allen
Jalen Hurts
DeAndre Hopkins
Christian Watson
Mark Andrews
Darren Waller
James Cook
Travis Etienne
Alexander Mattison
TJ Hockenson
JK Dobbins
Dameon Pierce
Jahmyr Gibbs
Javonte Williams
Mike Williams
Mike Evans
Amari Cooper
Deebo Samuel
Brandon Aiyuk
Marquise Brown
Keenan Allen
Drake London
DJ Moore
Aaron Jones
Lamar Jackson
Justin Fields
Joe Burrow
Breece Hall
Miles Sanders
George Kittle
Kyle Pitts
Dallas Goedert
Isiah Pacheco
Kenneth Walker
Rachaad White
Khalil Herbert
James Conner
Michael Thomas
Terry McLaurin
Diontae Johnson
Dalvin Cook
Michael Pittman
Tyler Lockett
George Pickens
Jerry Jeudy
Christian Kirk
Jahan Dotson
Justin Herbert
Trevor Lawrence
Anthony Richardson
DeShaun Watson
Daniel Jones
Jordan Addison
Gabriel Davis
Brandin Cooks
Zay Flowers
David Montgomery
Jonathan Taylor
Jamaal Williams
Rashaad Penny
Samaje Perine
D’Andre Swift
Elijah Mitchell
AJ Dillon
Jerick McKinnon
Antonio Gibson
Raheem Mostert
Brian Robinson
Kenneth Gainwell
Zach Charbonnet
Ju-Ju Smith Schuster
Treylon Burks
Odell Beckham Jr.
Rashod Bateman
Allen Lazard
Courtland Sutton
Quentin Johnson
Skyy Moore
Pat Freiermuth
Tyler Higbee
Evan Engram
Jayden Reed
Tyler Boyd
Nico Collins
Jaxon Smith-Njigba
Jaylen Warren
Tyler Allgeier
Deon Jackson
Damien Harris
Devin Singletary
Tank Bigsby
D’Onta Foreman
Kadarius Toney
Elijah Moore
Robert Woods
Jacobi Meyers
Marquez Valdes-Scantling
Jalin Hyatt
Rashid Shaheed
Michael Gallup
Isaiah Hodgins
Tank Dell
DeVante Parker
Van Jefferson
Cordarrelle Patterson
Chuba Hubbard
Kendre Miller
Clyde Edwards-Helaire
De’Von Achane
Tyjae Spears
Roschon Johnson
Rico Dowdle
Evan Hull
Chase Brown
Corey Davis
Romeo Doubs
Puka Nacua
Jeff Wilson
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