@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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@JayJuanGee. I was also tricked that FTX would be the Binance killer and Sam would be the Bill Gates or the Jeff Bezos of the cryptospace. I am a clown for getting drawn into this hype. However, with everything being very clear today, Sam appears to be like this character created by an exclusive group of politicians to serve their needs on moneylaundering and pump and dump schemes in a not very regulated industry.  |
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I've said it before and I'll say it again - the only safe KYC is no KYC. It's scary to think that companies out there are still relying on SMS/phone numbers for securing important employee accounts. It's so incompetent it would be funny, if it wasn't so alarming. These are the entities you are entrusting your data to every time you complete KYC. Entities whose employees have so much information publicly available about them that they can be SIM swapped with ease, and who have access to your sensitive information via just their phone. FTX claims no-sensitive data has been compromised but I'm not sure I trust it. In what world is your full name, physical address, and how much money you were storing on these scam platforms not sensitive data? You've just made every single one of those users a target for physical attacks, especially any with a large number of coins. Pretty laughable that they state "client funds" haven't been impacted. What funds? Everyone lost all their funds when these scam platforms collapsed, remember?  What a complete shitshow. The number of reasons you should avoid centralized exchanges continues to grow exponentially. Also, if anyone of you has shared your affiliate link and pnl card, you will be exposing your real identity because FTX links use your account ID. Hackers can link your social media and forum accounts to your FTX account and real identity. |
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I reckon that he might have misunderstood his own words because the creation of more tokenization of real world assets and securities is not what bitcoin is.
Mentioning the name BlackRock (BLK) in any article increases viewership, whether the interpretation of that article is correct or wrong, and even if it is wrong, it is an opportunity for a second, free article in which it is corrected that the statements are true and that they have been misunderstood. Therefore, any statement coming from them must be treated with caution.
On your speculation on DeFi, you might be correct. What they might do is tokenize an asset and use their own centralized platforms to create markets for trading and transactions. This is worse than DeFi because they will control all of the gateways. The small minnows might not be allowed through their gateway hehehehe.
DeFi is something that has value when interest rates are low and it is easy to obtain loans without the expense of repaying them, but at the present time it is not normal to pump liquidity into such investments, even if they give you a higher APY, because there are those who will give you a good and more guaranteed return. It will not only be blockchains and DeFi protocols that will benefit from tokenization of real world assets. I reckon there are other platforms in the cryptospace like Chainlink. Chainlink has been working with Swift for blockchain interoperatibilty and according to their press release, Chainlink's CCIP protocol has connected Swift's infrastructure to private and public blockchains to transfer tokens. I assume the public blockchains being connected with are with Ethereum and Binance smartchain. Working with more than a dozen major financial institutions and market infrastructures and Chainlink, a leading Web3 services platform, Swift has successfully demonstrated that it can provide a single point of access to multiple networks using existing, secure infrastructure, thereby significantly reducing operational challenges and investment required for institutions to support the development of tokenised assets.Source https://www.swift.com/news-events/press-releases/swift-unlocks-potential-tokenisation-successful-blockchain-experimentsIf real world assets become a very big market for DeFi, I reckon automated marketmaking platforms with the highest liquidity might be good investments. Projects similar to Curve Finance. |
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@Poker Player. You are asking a difficult question, however, let me ask you if gold miners find new deposits of gold and inflates the supply around the world, would this make gold stop being a commodity?
Gold miners can mine at more or less speed, and usually do so depending mainly on the price of gold, but what they cannot do is issue gold at will. For me Ethereum and almost all shitcoins are securities because if we go to examples we will see that corporate debt or bonds issued by a company have a centralized entity that issues them, the company, through the board of directors, and that issues them at will, as many as it wants. It does not mine, extract or produce them, it issues them. But that I see a clear similarity between Eth and securites but I don't see it with gold. If it is according to your opinion, okay, they are securities. However, there are 2 judges that have already have made 2 favorable rulings saying that they are not securities. Also, bonds and ETH might not be like comparing apples and oranges. ETH is also used for gas fees to use the Ethereum network very much like a commodity being used to run different industries. However, I do not disagree that these are man made and some of these projects might be a scam but under an environment with unclear and undefined crypto regulations because the SEC refuses to make them clear, the judges are doing uncle Gary's job for him. According to these judges, they are not securites. |
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I've been in Hong Kong once in 2019 where I have attended the Token 2049 and Ethereum Supermeetup featuring co-founder Vitalik Buterin.
Before the event, I have visited some of the Bitcoin ATMs there.
Fast forward to today, I don't think this news would create such impact in Bitcoin's price. Although that this is much better than the outright ban, it's just that you do not have the "keys to the kingdom" to fully control your Bitcoins.
As long they are being controlled and regulated by the Hong Kong government, do not expect full ownership of whatever amount of Bitcoin that you have in these trading platforms being mentioned.
Agreed, the news will not, however I would argue that if you are implying that Hong Kong's regulated entry will never bring in new cashflows that would have a positive effect on the price, you are wrong. It will not only be the small minnows similar to us who will bring inflows of fiat to the cryptomarket. It will also be investment firms, hedgefunds and other types of institutional investors. The China is back storyline and hype will start on 2025 after the institutional investors have fully positioned themselves and retail investors will be their exit liquidity very much similar to the past bull to bear market transitions hehehe. |
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@Hueristic. Can I change my vote on the waiver method? If allowed, I vote for weekly rolling list based on standings. I will certainly need this heehehe.
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OK guys I've tallied up the votes so far but cannot find Yahoos post where IIRC he said he was abstaining?
I'm just ready for the season to start so i can whoop all your asses with backups lol. This person does not have a health problem!!!!! I'm lost? I am only joking and admiring the attitude hehehe. @Hueristic. I am afraid it will my team who will be having much problems by week 5 hehe. I have been doing more than 50 mock drafts from the 12th position and I cannot find a good strategy to get much of the players I need that will give a good win-loss record to enter the playoffs. My gameboys are overheating. |
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OK guys I've tallied up the votes so far but cannot find Yahoos post where IIRC he said he was abstaining?
Just put me down for whatever the majority is up for, long as everything is fair. I'm just ready for the season to start so i can whoop all your asses with backups lol. This person does not have a health problem!!!!! |
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News update. Hashkey Group's investment firm has declared that they will invest more than half of their funds in altcoins. This very much coincides with the speculation that the Chinese projects that we have not heard of might have the biggest pumps in the cryptospace in a confirmed bull market. I reckon their strategy might be similar to FTX and Alameda research where the owner of the exchange and the investment firm are from the same group. However, I wish it will be more managed properly hehehehe. Wait for whitelisting announcements from Hashkey. The Hong Kong crypto investment firm’s portfolio manager said less than half of the fund’s holdings will be in bitcoin and ether, adding that it will instead diversify allocations to altcoins.
HashKey Capital, the investment arm of Hong Kong crypto financial services firm HashKey Group, on Friday launched a secondary market crypto fund that’s set to invest heavily in altcoins, according to a Reuters report.
Reuters reported Thursday that the fund has secured potential clients, including high-net-worth investors and Asian family offices, citing the firm’s portfolio manager, Jupiter Zheng Jialiang. The firm ultimately aims to raise $100 million for the new fund over 12 months, according to Reuters. HashKey Capital, which has over $1 billion in assets under management, closed its third venture fund at $500 million in January. Source https://www.theblock.co/post/248631/hashkey-capital-forms-liquid-fund-with-heavy-altcoin-focus-reutersCointelegraph sometimes are very bullish and misinterpret news reports. However, another news update from China. A People’s Court in China published a report on the legality of virtual assets, analyzing the criminal law attributes of these digital assets. The court noted in its report that virtual assets under the current legal policy framework are still legal property and protected by law.
The report titled “Identification of the Property Attributes of Virtual Currency and Disposal of Property Involved in the Case” acknowledged that virtual assets have economic attributes and thus can be classified as property, reported a local daily. Although China has deemed all foreign digital assets illegal by imposing a blanket ban, the report argues that virtual assets held by individuals should be considered legal and protected by law under the current policy framework.Source https://cointelegraph.com/news/china-court-declares-virtual-assets-as-legal-properties-protected-by-law-report |
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@Poker Player. You are asking a difficult question, however, let me ask you if gold miners find new deposits of gold and inflates the supply around the world, would this make gold stop being a commodity?
Also, if you use the inflating supply argument to define a commodity, I reckon Ethereum's supply has been going down already since it began being a proof of stake platform.
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@ChiBitCTy. However, in many of the games Christian McCaffrey will be given most of the carries going to the endzone for the touchdown. We cannot be 100% certain of this but I will be very happy to draft him as the 12th pick on the 1st round hehehehe.
In any case, in the mock drafts it appears that everyone is improving their cheatsheets. I can be 2nd or 3rd in the standings drafting from 11th and 12th last week but presently I can only be 7th and lower.
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I've got a couple buddies whom live in Hong Kong that I chat with on a semi-regular basis. I think this is of course a great thing for bitcoin as well as Hong Kong. What's more, the fact that Hong Kong (semi-Chinese owned) is even doing this in the first place, despite the fact that China has banned bitcoin (and I think all cryptocurrencies except for the digital yuan , if I'm not mistaken).
China has no choice, I reckon. They will need all sources of liquidity to energize their economy after their strict coronavirus lockdowns. I speculate that within the next 2 years we might witness a regulated exchange open in Shanghai to encourage inflows of liquidity through the cryptospace. If they do not do this, all these cashflows will instead go to the jurisdictions surrounding them hehehe. |
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It also appears that the odds for approval might also rise higher after September. Uncle Gary is scheduled to appear in congress and be pressured to testify on what he is doing in office, being a regulator through enforcement without legal clarity. The skeptical me is thinking that Blackrock is starting to use their political connections to force uncle Gary to sign the applications on the ETF before the end of 2023 hehehehe. In what could be yet another tough face off with lawmakers, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler looks set to testify before two separate committees of the US Congress in September 2023. These hearings come at the back of the historic XRP lawsuit Summary Judgment and the Grayscale spot Bitcoin ETF lawsuit victory, both of which are huge setbacks for the US SEC during the Gensler regime.Source https://coingape.com/us-sec-gary-gensler-testify-crypto-news/ |
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It appears another judge has done uncle Gary's job for him again hehehe. On a case against Uniswap, another judge of Southern District of New York has ruled that Ethereum is a commodity and refused to use the federal securities laws to cover the conduct alleged, according to the article. This is a victory for the cryptospace and another good legal precedent. Also, this judge will also be hearing the case of SEC vs. Coinbase.  A New York court classified popular cryptocurrencies ether (ETH) and bitcoin (BTC) as "commodities" while dismissing a proposed class action lawsuit against leading decentralized crypto exchange Uniswap in a Wednesday filing.
The court's opinion on its dismissal of the class action suit could influence future litigation against decentralized protocols and perhaps even those alleging violation of U.S. securities laws.
Judge Polk Failla also oversees the SEC lawsuit against Coinbase.Source https://www.coindesk.com/policy/2023/08/31/us-court-calls-eth-a-commodity-while-tossing-investor-suit-against-uniswap/ |
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