Crypto Wall

Making the Case for People’s Money

Bitcoin and other cryptocurrencies are now challenging the hegemony of the U.S. dollar and other fiat currencies.

In May 2020, a historic event cut the daily incoming supply of Bitcoin from 1800 Bitcoin per day to 900 Bitcoin per day—a sort of quantitative hardening—opposite of what the Fed is doing by printing trillions of dollars. Central banks, in simplest terms, create money out of nothing. They create “fake money” and loan it to governments.

Bitcoin, on the other hand, is completely decentralized meaning that nobody can manipulate the market and there is not any single point of failure. It will be interesting to see how long the Central Banks will tolerate the competition from cyber money before there is a showdown.

Host Robert Kiyosaki and guest Anthony Pompliano examine the value of Bitcoin in the current economy and how it may create a quasi gold standard.

The Pomp Podcast: https://anthonypompliano.com/
An Open Letter to Ray Dalio: https://youtu.be/i0N9qj4gjmg

COS.TV, which recently celebrated its first year anniversary, has great news on increasing ad revenue for global creators! In the span of two months, ad revenue has grown by more than 400% and ad views have increased by 278% on COS.TV's advertising system, which launched in April this year. Out of the creators that actively use the advertising system, 5% can now directly withdraw their earnings.

A friendlier growth system and intuitive community interaction mechanisms have enabled us to successfully generate income for more than 150 creators within 45 days of the launch of our advertising system.

What kind of growth mechanisms does COS.TV provide to increase the growth potential for creators?

A low threshold for withdrawals of earnings

Creators can directly withdraw their earnings if their cumulative income exceeds $10.

2. Fast 24 hour withdrawals

By setting up a wallet, creators can withdraw their earnings in 24 hours, instead of waiting 14-21 days.

3. Decision-making rights

Creators can decide to turn on the advertising system themselves, giving them more power to manage their followers.


More: https://medium.com/contentos-io/cos-tv-ad-revenue-grows-over-400-per-month-loved-by-creators-because-of-low-threshold-for-feac8faef253

NetObjex acquires VitalGrid to expand Digital Transformation product and service offerings

IRVINE, Calif., June 30, 2020 /PRNewswire/ -- NetObjex today announced its acquisition of VitalGrid of Toronto, Canada, to expand its Digital Transformation product and service offerings. Terms of the deal were undisclosed.

VitalGrid provides business technology and management consulting for improving performance, streamlining processes and reducing risk by delivering technology-enabled business innovation. NetObjex, based in Irvine, California, is a Digital Twin Platform company with technology that leverages AI, Blockchain and IOT technologies. NetObjex has operations in North America as well as offices in India, South East Asia and representatives and partners in Latin America and the Middle East.

"We are very proud to announce our acquisition of VitalGrid. Enterprises in the process of Digital Transformation often seek strategic consulting services prior to embarking on implementing complex solutions. This is a critical element that we believe VitalGrid brings to the table, which will lead to successful implementations of our SaaS platform," stated Raghu Bala, CEO of NetObjex.

"It is our distinct pleasure to become part of the NetObjex global family. Our legacy has been to help enterprise clients with vital decisions for substantial improvements to their business performance and risk exposure. We believe our combined strengths will foster better insights and enhance trusted advisor relationships," added Mushir Din, Founder of VitalGrid.

The joint entity will now expand capabilities in a multitude of vertical markets including Manufacturing, Supply Chain, Smart Cities, Fintech and more. NetObjex will now be able to serve its enterprise clients with strong strategic insights and parlaying that into implementations in digital automation leveraging key technologies such as IoT, AI and Blockchain.

...More: https://www.prnewswire.com/news-releases/netobjex-acquires-vitalgrid-301085254.html

June provided us with a steady stream of developments, surrounding the digital securities sector. We saw new regulations, new platforms and services, and the demise of various others.

Regulatory Advances and Findings
Multiple regulatory bodies made news in June. This was first evident with the anticipated release of findings by the OSC, pertaining to the QuadrigaCX fiasco. South of the border, the SEC was no stranger to making waves. Not only did the Supreme Court weigh in on SEC capabilities, but news broke of the possible exodus of Chairman, Jay Clayton.

OSC Finds Extensive Evidence of Fraud/Theft by Gerald Cotten and QuadrigaCX

Supreme Court Reins in SEC on Disgorgement

SEC Chairman, Jay Clayton, Moving On?

Pivots and Bankruptcies
Blockchain and digital securities are both in their infancy. As such, companies developing services around each are still finding their footing. This was on full display throughout June, as multiple companies announced either their imminent closure, or a pivoting focus.

Neufund Freezes Operations of Issuance Platform

SeedCX Refocuses Efforts on Settlement Service ‘Zero Hash’

Factom Inc. Files for Chapter 11 Bankruptcy in Bid to Survive

Real Estate
DeFi continues to convince many that it is the first ‘killer app’ surrounding cryptocurrencies. Various companies involved with digital securities are trying to emulate this success, and find the perfect implementation for the technology. A few of these companies are banking on real estate being the perfect avenue for achieving this.

For examples of this, look no further than the recent actions of companies like Vertalo, Tokensoft, and Tokai Tokyo.

More: https://www.securities.io/a-month-in-review-june-2020/

Did you know that more than 74% of successful C•R•Y•P•T•O investors fall into a certain category?! Do you belong to this category as well? TAKE THE FREE QUIZ TO FIND OUT!
https://bit.ly/31T1TWG

Two Bitcoin researchers from the Hebrew University in Israel tested a known attack vector on the Lightning Network.
What they found poses grave risks to the future of the layer 2 solution.

Key Takeaways:
- Only nodes that accept the attacker’s requests to open a new payment channel are vulnerable.
- Prior to the publication of their research paper, 95% of LN nodes were willing to open channels with unknown nodes.
- The research paper was shared with the main developers of three LN implementations before it was publicly available.

Read More: https://cryptobriefing.com/bitcoins-lightning-network-faces-existential-risk-flood-loot-attack/

Andreas Antonopoulos, a highly respected digital assets educator has identified a new way for those who are HODLing their BTC to make a passive income, Cointelegraph reports.

His solution lies in the use of decentralised finance (DeFi). “In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins.”

In the video, Antonopoulos said that anyone holding BTC could convert them into ETH or a stablecoin, then lend those tokens to a platform where they can earn interest. However, he did add that there are some risks. He said: “Ethereum may have problems. It may have bugs. The consensus algorithm may have failures. You may have increases in the gas price, which leads to other cascade problems. And all of those things can cause you to lose some or all of your invested capital.”

He did mention other ways of making crypto holdings work for owners, but almost every method does involve relying on a custodial exchange, and these do carry the risk of theft or mismanagement.
However, HODLers do not earn dividends or interest on their investments until they finally decide to cash out, as he pointed out, and while BTC owners are always hoping the price will go up, it can also go down. Antonopoulos said the same was true for crypto day traders: “You can pull your Bitcoin out and convert it, buy 1,000 altcoins, and then watch them crash by 98%.”

Antonopoulos is not the only person in the crypto space to advocate the use of DeFi for a passive income. Cointelegraph reported in March that OKEx Director of Financial Markets Lennix Lai said: “The combination of cryptocurrency and DeFi creates an alternative way for users to earn passive interest that was not possible before.”

...

https://medium.com/@lendoplatformltd/how-to-make-a-passive-income-from-your-bitcoin-3cde30b6f027

The Helium Hotspot is a new blockchain miner that earns tokens for providing wireless coverage for IoT devices.

Learn More: https://www.helium.com/

According to an article in Cointelegraph, there are five signs that Bitcoin is about to enter a bull market phase and crash through its multi-year resistance at $10,500.

The Bitcoin price since the halving in May has been seeing some sideways action, which Keith Wareing writes is reminiscent of early 2017, “when Bitcoin hit $1,180 for the second time, triggering a catastrophic sell-off.” It appeared that the leading cryptocurrency was dead, but instead “what happened after is the first sign that we were in for a bull market.”

The Trap

This is the first sign. Wareing explains “you can see that the pattern that played out after the 40% dump from $1,180 in January 2017 is almost identical to that of the 57% dump that occurred on March 12 2020.” What happened next in 2017 was a 2000% rise in the value of Bitcoin.

The Range

Sign two is “seeing a new descending channel opening up that has perfect Fibonacci levels lining up.”

The Orderbook

Wareing says, “there are significant sell-orders as denoted by the yellow line around the 50% fib at $9,450 and interestingly a lot of buy orders around $8,800.” He explains, “As the shorts pile in targeting $8,700, the spoofers can take a large long position, remove their $9,450 sell-wall and scoop up all those liquidations.”

...

https://medium.com/@lendoplatformltd/the-signs-of-a-bitcoin-bull-market-5651067289a3

Recently, Cointelegraph reported that Coinbase, the major crypto exchange, has come under fire “for its alleged efforts to sell crypto surveillance services to both the U.S. Drug Enforcement Administration and the Internal Revenue Service.”

Coinbase has responded by saying, “the company’s analytics services do not share any personally identifiable data with law enforcement,” and that it sources all data from publicly available information.

Some dispute Coinbase’s claims, and a source who worked in compliance with crypto exchanges revealed “that multiple government entities have been actively monitoring users across nearly every centralized exchange and custodial crypto service provider for years.” The anonymous source also claimed that this activity goes back to the early days of Bitcoin, and that after the Mt Gox incident, it increased and intensified.

The source told Cointelegraph: “I’ve worked for crypto exchanges, bitcoin ATM companies, general crypto services providers, and more. They all engage in surveillance practices. They have no choice.”
They also explained, “that the U.S. government’s favored methodology is called a Suspicious Activity Report, or SAR. While SARs are common in most money transmission businesses, crypto SARs appear to operate under different standards.” They said: “In traditional institutions, a transaction needs to meet certain criteria in most cases to be deemed suspicious. That’s not really true for Bitcoin and other cryptocurrencies though. As far as the government is concerned, the threshold of ‘suspicious’ is met as soon as cryptocurrency is involved.”

...

https://medium.com/@lendoplatformltd/is-big-brother-watching-your-crypto-98dbbd602ca5

Blockchain application to land management is the only solution to cope with current food shortage impact in emerging countries.

https://earlycryptonews.com/current-food-shortage-impact-fieldcoins-approach/

Data is all about surfacing signals from the noise. At BOLT, we are fans of Actionable Insights, and it is no surprise that we were eager to work with Lunar Crush, the leading Social Listening platform for Crypto Projects.

We will be integrating LunarCrush’s great trove of social data directly into Lightning Round, allowing users to learn more about the token they have played a Lightning Round for!

https://www.linkedin.com/company/bolt-global/

We are happy to inform you that we extend our promotion for 0% commission on every trade and every payment method!

The last month, there has been an important surge of BitValve listings:

- Buy Bitcoin with PayPal at https://www.bitvalve.com/buy-bitcoin-with-paypal

- Buy Ethereum with PayPal at https://www.bitvalve.com/buy-ethereum-with-paypal

- Buy Ethereum with Advcash at https://www.bitvalve.com/buy-ethereum-with-advcash

- Buy Bitcoin with Advcash at https://www.bitvalve.com/buy-bitcoin-with-advcash

- Buy Ethereum with Zelle at https://www.bitvalve.com/buy-ethereum-with-zelle

- Buy Bitcoin with Zelle at https://www.bitvalve.com/buy-bitcoin-with-zelle

- Buy Litecoin with Transferwise at https://www.bitvalve.com/buy-litecoin-with-transferwise

And many more!
Join BitValve.com for free, choose one of our supported crypto’s ( BTC, ETH, LTC, BCH, XRP) and start trading with over 250+ payment methods!

"...I now believe this is a possibility not because the value of bitcoin will go up, though I believe it will, but because the value of money is about to fall heavily and quite possibly into the depths of monetary hell...."

What are your thoughts?

https://www.forbes.com/sites/investor/2020/06/16/bitcoin-to-1000000-might-sound-crazy-but-is-it/#622082db1c59