It appears that they have created a derivative as a hedge against what is also supposed to be also a hedge against the corrupt traditional financial markets hehehe. New Crypto Derivatives Let You Bet on (or Against) Tether’s Solvency
After years of debating whether tether (USDT) is fully backed 1-for-1 with U.S. dollars, the stablecoin’s critics and defenders alike can now put their money where their mouths are.
Opium, a derivatives exchange, has introduced credit default swaps (CDS) for USDT. The product, launched Thursday, insures the buyer in the event of default by Tether, the issuer of the world’s largest stablecoin and fifth-largest cryptocurrency overall.
In this case, a sharp drop in USDT’s price from the usual $1 is used as a proxy for Tether turning out to be insolvent. So if the token fell to 70 cents, the writer of the contract would pay the buyer 30 cents at maturity.
It’s the second time in a month that Opium has launched a CDS tied to a digital asset. Such contracts have been around on Wall Street since the 1990s and gained notoriety for their role in the 2008 global financial crisis. Source https://www.coindesk.com/credit-default-swaps-tether-opium |
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@Betwrong. Hehehe, do not trust the official reports. Many of those reports are not 100% true.
In any case, you might say that I am a conspiracy theorist, however, you already know that the government is lying frequently. Why would you not be a conspiracy theorist hehehe?
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@sportsbet.io. As one of the best and trustworthy sportsbooks in the cryptospace, can you offer odds for movie specials and other types of specials betting? The only sportsbook that offers wide choices for betting specials is not very trustworthy. I will not mention the name hehe.
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@pooya87. It might also not only be a pure panic sell. I am quite certain there were whales who might have already known that these mining pools would dump and they dumped together with them. We panic sell because we are the last to know about the news hehe.  The likely suspect behind this latest selloff is miners, as data from CryptoQuant shows that some of the largest pools have been selling their holdings in tandem.Source https://bitcoinist.com/bitcoin-plunges-below-11000-as-selling-pressure-from-miners-ramps-up/ |
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Bitcoin is very transparent by design, never use it for crime.
Agreed. The report also showed that the cryptocoins used for chain hopping were Algorand, Ethereum and Bitcoin. Why? Clearly the coin to use should be Monero. The hackers would be laughing while exchanging them to Bitcoin or fiat. I am skeptical about the report. |
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Is the bitcoin news media always going to reuse this news everytime the price is on $10,500 - $11,000 hehehe. I remembered this old Cointelegraph article that I have read on 2017. Bitcoin is now the sixth most circulated currency in the world, behind five super powers, and outranking the Pound, the Ruble, and the Won, according to the Bank for International Settlements. The figure is based on a value of Bitcoin at $10,765 each, meaning that the total value of all Bitcoins in circulation is $180 blnSource https://cointelegraph.com/news/bitcoin-is-6th-largest-currency-in-the-world-by-circulationIn any case, mining pools are reported to be dumping. It might be falling to 7th and then 8th soon hehehe. |
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The story continues. This time the new victim is India's prime minister hehehe. I was always skeptical of the official story that the sophisticated hack on Twitter was done by teenagers. I speculate that there is something the authorities are not telling the public. Being one of the most powerful men in the world offers no immunity from the tricks and wits of scamsters. This was evidenced a few hours ago after Indian Prime Minister Narendra Modi’s Twitter account was hacked by “John Wick,” a few weeks after a wider attack was orchestrated against the likes of Binance, Coinbase, Joe Biden, Barack Obama, Warren Buffett, and Kanye West. The hacker in the present case “appealed” for donations to the “PM National Relief Fund for COVID-19″ in Bitcoin and Ethereum.Source https://eng.ambcrypto.com/donate-bitcoin-ethereum-generously-says-indian-pms-hacked-twitter-a-c/ |
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@el kaka22. However, the ETF will not be an outlet offered only for small investors. I am certain that it will be the principal outlet created for institutional investors who want some exposure to bitcoin strictly as an investment.
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Maximalists are can be described as a hypocrite that pretend to care about cryptocurrency but in fact they just care at what they invest. They say whatever they say and i dont think they are an expert of the tech at all. I never care to read their tweet as most of them are just rubbish to me.
Agreed! This maximalist has declared that every cryptocoin that is not bitcoin is scam and he has made it appear that holding any cryptocoin that is not bitcoin a sin.  However, he is part of a project that issued a token in Ethereum. Did he admit defeat hehehe? It appears that this is an type of welcome that ERC20 is the standard for token issuance in the cryptospace. |
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I suspect a lot of people don't understand what the 2.0 update includes, or how long this update will take to fully implement (it is a multi-year update). https://consensys.net/knowledge-base/ethereum-2/faq/ Now take a guess which phase a congested network like Ethereum with its rising gas fees really needs ? Which phase will really fix things for its network ? However, that update was promised 1 year ago and had been delayed a few times already. I speculate more delays and Eth 2.0 might not be online on 2021. The phase 0 beacon chain will be released with a small delay, however, it might not develop more than that for maybe 2 years. But it will be good for investors, they can pump Eth 1.0 to have Eth 2.0 and pump that more hehehe. |
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@seoincorporation. That pump in price might only mean that there are people that speculate Eth 2.0 is close. We have seen this many times before similar to the bitcoin ETF pumps then delays hehe.
However, if you are an Eth investor, I understand your excitement. But prepare for disappointment also.
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@Vishnu.Reang. Agreed, however, I speculate that because of some Democrat politicians who support defunding the police causing chaos and because of their support of the riots, some democrats might change their vote. However, yes, I might be wrong, only a landslide victory for Trump would prove that I am correct hehehe.
In any case, odds on Trump are trending in his favor. What does this say?
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Good initiative OP, I think we will be needing this thread and it will be a long thread per my expectation since I believe more delays will happen, and I think it has help Ethereum to recover slowly and they'll be using this opportunity to keep the hype before they will launch the ETH 2.0.
Talking about the hype, looks like Ethereum's going to cross $500 soon.
The thread will be 7 months this sept 8 this year.
The price of a coin and the state of a coin in the cryptospace are mutually exclusive. Ethereum Classic is an evidence of this. It had 3 51% attacks, however the price never dumped hehehe. |
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Bitcoin has pumped! The restaurant owner must be feeling he is like an investment expert now hehehe. He might be searching on coinmarketcap.com and beginning to speculate why not put some investment in Defi or ICO hehehehe.
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Looks like Dana tries to somehow apologies to Jones. I remember when Jones said he wants to get more money for his fights and Dana said he could stfu and is free to go after Jones contract is over. Now he offers him immediate title show when there is for example Curtis Blaydes is top2 heavyweight with 4 wins in a row.
There is a lot of time before it comes to that, so things and positions will change. I personally don't believe we will see Stipe and Francis fight next. I think Stipe will take it slow now a bit, which will cause Francis to get some other opponent first before he gets a chance for a title fight. The new storyboard for Dana is for Jon Jones to fight versus Francis Ngannou. Was this not Jon wanted before he removed himself as the light heavyweight champion? @CryptoViking. Sakai also was never finished. This is a 5 round fight, however. His fat body might become tired hehehe. |
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betting odds are showing the same thing. biden and trump are basically neck and neck in the odds now. i expected a trump recovery but not so quickly! https://odds.watch/trump-2020anyway, this kind of atmosphere bolsters biden's chances in my mind. another trump victory just like 2016? that sounds a little too predictable. You have a point there. Back in 2016, most of the people expected Hillary to win easily. Especially the Democrat voters stayed at home and didn't bothered to vote. That is not the case now. Trump and Biden are neck to neck now... and what happened four years back is not going to repeat. Turnout is going to be high, but I am worried about the impact the pandemic can have. The pandemic had a negative impact on Trump, however, the riots will have a more negative impact on the Democrats. An example of this is the Portland mayor. He rejected Trump's sending of the national guard to help maintain peace and order, now the city is open for rioters and criminals. How would ordinary citizens who only want everything to be back to normal react? They will speak through the ballot, they will vote Trump. |
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I am not certain what this is, however, I speculate that it might be an ETF.
They wouldn't announce something that has no legal right to exist. That would be a waste of their time and money, and everyone else's. An ETF is only one form of wrapper. There are many others ready to roll right now without having to speculate or smack your head against a brick wall. What are those others that are ready to roll and when do you speculate would they be announced and available? Also on the 2nd quarter of 2021 hehehe? In any case, I was only speculating. The first ETF will open the door for more and then we will witness the real pump begin. Prepare for the big short, however hehehehe. |
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I would be very skeptical if the American government begun paying tax payer's money to pay for the security of bitcoin hehehe. It might be some billionaire hodlers using their influence to save their investment or the government itself having interest on bitcoin as it becomes a banker's coin.
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@estenity. Did we not have someone create a fork of Mymonero wallet? I thought the community had one paid for from the Aeon community fund.
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This is for the 3rd time this month and it appears the attacks will not stop until it is dead. According to the article, a technology coordinator of ETC labs suspects something, implying that this might be a message by someone from Ethereum.  Image by comocomprarcriptomoedas.comThe Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third such attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.
Stevan Lohja, technology coordinator at ETC Labs, in a private message with CoinDesk, said he finds the timing of the attack "very suspicious" as it came just a day after a meeting of Ethereum Core developers regarding "aggressive innovation" in the blockchain's proof of work.
The attack reorganized over 7,000 blocks, or two days' worth of mining, according to a tweet shared by Bitfly. The first two attacks reorganized 3,693 and 4,000 blocks respectively.
After the first two attacks, exchange OKEx responded by saying it will consider delisting the asset due to the network's severe lack of security. Coinbase also took drastic measures by extending deposit and withdrawal confirmation times for ETC to roughly two weeks.Read in full https://www.coindesk.com/ethereum-classic-blockchain-subject-to-yet-another-51-attack |
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