Sloeas Bich Dao (@sloeas) • Hey
Sloeas Bich Dao
Publications
- According to a study, 9 out of 10 people don't notice when you have a word misspelled in your sentence! The tenth person will usually point it out by saying, 'Did you know you misspelled that word?' Thanks, Captain Obvious!"
- Why don't scientists trust atoms? Because they make up everything!"
- Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals
The Ethereum layer-2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem.
Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0.
The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and proving layers all play a role in creating an interconnected ecosystem of chains that enable fast value transfer and information sharing.
- Liquidation cascade puts crypto market into shock: Report
Venture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto.
August was the worst month for the crypto markets since Bitcoin
BTC
$26,606 bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded on the derivatives market, erasing 7.3% of BTC’s and 6.9% of Ether’s ETHnull,634 value. Grayscale’s court victory was only a temporary reprieve from these losses, as the price retraced back to the levels starting out the month. This caused one of the largest liquidation events in crypto, totaling more than null billion lost when the price dropped to $26,000.
To further kick the industry when it was down, venture capital (VC) investment inflows were down 42.7% in August from July, only bringing in $401.9 million across 77 deals. Investment in the crypto industry was on the rise up until May of this year but has been steadily declining since.
- Baby where are you now ?
- The happiness memory when we stay each other
- Are you lonely righ now?
- Happy Lunar New Year
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Programmer spends 69 nights in Bitcoin Cash City using only BCH: Here’s how it went
Silverblood says using Bitcoin Cash as payment method “makes sense” because it’s part of his income and “it’s less effort than some of the other forms of payment I use.”
https://cointelegraph.com/news/programmer-spends-69-nights-in-bitcoin-cash-city-using-only-bch-here-s-how-it-went
- Go far away
- Ontario crypto exchanges impose $30K CAD annual limit on altcoin buys
The new buy limits are intended to better “protect crypto investors” and make them “more aware of the risks” associated with crypto assets, according to one of the exchanges.
https://cointelegraph.com/news/ontario-crypto-exchanges-impose-30k-annual-limit-on-altcoin-buys
- Aussies buy fuel and chips with crypto across 175 fuel outlets
Commenting on the rollout, Crypto.com’s Karl Mohan tipped the adoption of an AUD-backed stablecoin as being the catalyst to make crypto payments mainstream in Australia.
https://cointelegraph.com/news/aussies-buy-fuel-and-chips-with-crypto-across-175-fuel-outlets
- Angel or Devil ?
- Me and the Stars War...ter
- Another week, another testnet upgrade 😁
Sepolia, which merged a few weeks ago, now needs to undergo a simple post-merge upgrade to disconnect non-PoS peers. The upgrade is scheduled for August 17, and only ELs need to be updated. More info here 👇🏻
https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/
- Aid for Ukraine's $54M crypto fund buys vests, scopes, and UAVs
The crypto donations have played a “significant role in Ukraine’s defense,” a Ukrainian government official wrote.
https://cointelegraph.com/news/aid-for-ukraine-s-54m-crypto-fund-buys-vests-scopes-and-uavs
- Colombia to prevent tax evasion with national digital currency: Report
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said.
https://cointelegraph.com/news/colombia-to-prevent-tax-evasion-with-national-digital-currency-report
- Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
https://cointelegraph.com/news/crypto-scams-fall-65-after-gullible-noobs-exit-the-market-chainalysis
- Google invested a whopping null.5B into blockchain companies since September
Other notable corporate investors include BlackRock, Morgan Stanley, Samsung and Goldman Sachs, according to a report from Blockdata.
https://cointelegraph.com/news/google-invested-a-whopping-1-5b-into-blockchain-companies-since-september
- Starfish Finance: A cross-chain DeFi, NFT-finance platform on Astar Network, a Polkadot parachain
August 15, 2022 — Starfish Finance is a pioneer project in the Astar incubation project and the first decentralized finance (DeFi) and nonfungible token (NFT) finance platform on Astar Network. It recently closed its seed round led by Next Web Capital, joined by GBV Capital, Parity, Acala, Infinity Ventures Crypto, Tokensoft, Paribus, Alphanonce, MindWorks Ventures, Popfield Ventures, MetaverseHub, Oriole Ventures and others. The round signals a deep and long-term collaboration between Starfish Finance and renowned strategic partners, and the protocol is vigorously supported.
https://cointelegraph.com/press-releases/starfish-finance-a-cross-chain-defi-nft-finance-platform-on-astar-network-a-polkadot-parachain
- Crypto.com secures UK registration for 'cryptoasset activities’
As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
https://cointelegraph.com/news/crypto-com-secures-uk-registration-for-cryptoasset-activities
- Acala’s Stablecoin Falls 99 Percent After Hackers Issue 1.3 Billion Tokens
A bug in the protocol’s newly-deployed iBTC-aUSD liquidity pool left the door wide open for hackers to exploit.
https://www.coindesk.com/tech/2022/08/15/acalas-stablecoin-falls-99-percent-after-hackers-issue-13-billion-tokens/
- Memecoins Dogecoin, Shiba Inu Jump as Ethereum Optimism Spreads
Dogecoin is up about 14% over the past five days, while Shiba Inu has gained almost 40%, according to pricing data compiled by Bloomberg. The meme tokens are holding their gains even as Bitcoin sits around $25,000 and Ether hovers at about $2,000 amid optimism around its upgrade, known as Merge, now expected around Sept. 15.
“Dogecoin and Shiba Inu have both broken out over the weekend, clear evidence that the retail investor is back,” said Hayden Hughes, chief executive of social-trading platform Alpha Impact in a message Monday, noting that there is optimism both coins will gain like Ethereum as they’re each due for upgrades as well.
https://finance.yahoo.com/news/memecoins-dogecoin-shiba-inu-jump-032842288.html
- Hackers have stolen null.4 billion this year using crypto bridges. Here’s why it’s happening
Crypto investors have been hit hard this year by hacks and scams. One reason is that cybercriminals have found a particularly useful avenue to reach them: bridges.
Blockchain bridges, which tenuously connect networks to enable the fast swaps of tokens, are gaining popularity as a way for crypto users to transact. But in using them, crypto enthusiasts are bypassing a centralized exchange and using a system that’s largely unprotected.
https://www.cnbc.com/2022/08/10/hackers-have-stolen-1point4-billion-this-year-using-crypto-bridges.html
- Bitcoin network difficulty drops to 27.693T as hash rate eyes recovery
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards.
https://cointelegraph.com/news/bitcoin-network-difficulty-drops-to-27-693t-as-hash-rate-eyes-recovery
- Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in USD, network difficulty and hash rate.
https://cointelegraph.com/news/bitcoin-mining-revenue-jumps-68-6-from-the-lowest-earning-day-of-2022
- Board urges Bank of Central African States to introduce common digital currency: Report
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April.
https://cointelegraph.com/news/board-urges-bank-of-central-african-states-to-introduce-common-digital-currency-report
- Bitcoin Traders in Argentina Restricted From Buying Dollars
It’s an attempt by the central bank to stop the flight of capital and tame inflation.
https://decrypt.co/105772/bitcoin-traders-argentina-restricted-buying-dollars
- Bitcoin's Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. While Bitcoin’s inflation rate per annum is 1.73% today, after the halving in 2024, the crypto asset’s yearly inflation rate will be down to 1.1%.
https://news.bitcoin.com/bitcoins-mathematical-monetary-policy-is-far-more-predictable-than-gold-and-fiat-currencies/
- Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
The bear market that’s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI).
https://finance.yahoo.com/news/silvergate-ceo-sees-more-near-120000743.html
- Crypto market cap climbs 15% in a week following Ethereum Merge date revelation
Rising sentiment and token prices suggest that the upcoming Ethereum Merge is helping to catalyze a broad recovery in crypto prices.
https://cointelegraph.com/news/crypto-market-cap-climbs-15-in-a-week-following-etheuerm-merge-date-revelation
- Bitcoin hodlers will ‘soon see why’ $21.6K BTC price pump is fake — trader
Suspicions over weekend strength come as traders send 17,500 BTC to Binance in less than 24 hours.
https://cointelegraph.com/news/bitcoin-hodlers-will-soon-see-why-21-6k-btc-price-pump-is-fake-trader
- Downtrend for longterm
[Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure](https://www.coindesk.com/markets/2022/07/12/market-wrap-bitcoin-slumps-below-20k-as-long-term-holders-face-massive-selling-pressure/)
Also, some analysts believe bitcoin’s recent dips show the price level is not as critical anymore.
- Prepare for big update of Ethereum
[Ethereum’s Shadow Fork 9 Goes Live in Lead-Up to the Merge](https://www.coindesk.com/tech/2022/07/14/ethereums-shadow-fork-9-goes-live-in-lead-up-to-the-merge/)
Developers are focused on testing recent updates and the releases used in the previous Sepolia hard fork. "But on a more intensive network.”
- Sad ending for Celsius, especially for all users
[Celsius Networks: cryptocurrency lender files for bankruptcy](https://www.theguardian.com/technology/2022/jul/14/celsius-networks-cryptocurrency-lender-files-for-bankruptcy)
Company enters Chapter 11 process as fallout continues from collapse of global cryptocurrency networks
- Nexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits
An analysis of crypto lender Nexo's attestations, including older data retrieved using the Wayback Machine, reveals just how much its deposits have declined in recent months.
https://www.coindesk.com/markets/2022/07/22/nexo-crypto-lender-on-prowl-for-ailing-rivals-faces-declining-deposits/
- The winter of crypto still going, and all investors feel uncomfortable
[This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here's why](https://www.cnbc.com/2022/07/14/why-the-2022-crypto-winter-is-unlike-previous-bear-markets.html)
A price crash, the collapse of key crypto projects, interconnected loans and the inability to repay debt have been key features of the latest downturn.
- A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees,” one of the experts said.
Solana’s Price Prediction
Price comparison portal Finder updated its solana (SOL) price predictions Tuesday. Finder “measures expert predictions of the future SOL price” using weekly and quarterly surveys. “Our larger quarterly survey, last conducted in July 2022, asks a panel of 54 industry experts for their thoughts on how Solana will perform over the next decade,” the company wrote.
https://news.bitcoin.com/finders-crypto-experts-predict-solana-rising-to-512-by-2030/
- Texas GOP Aims to Enshrine Crypto in State’s Constitution
The Lone Star State is already an important crypto mining hub, and Republican officials appear ready to try build on that momentum.
https://www.coindesk.com/business/2022/07/22/texas-gop-aims-to-enshrine-crypto-in-states-constitution/
- Breaking news
Tesla sell 75% BTC
I think the winter of crypto marker will continue...
[Tesla has dumped 75% of its bitcoin holdings a year after touting 'long-term potential'](https://www.cnbc.com/2022/07/20/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html)
Tesla CEO Elon Musk spent much of 2021 hyping cryptocurrencies. His company has exited most of its bitcoin holdings amid a dramatic downfall.
- Hello lenster, im Bich Dao
- https://www.youtube.com/watch?v=KNZH-emehxA
You're still the one