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Coinbase President Emilie Choi sits down with Bloomberg Technology's Emily Chang to talk about crypto in 2022, why clear regulation is needed, and what happened with Coinbase's recent outage. She also weighs in on the role of crypto in the metaverse and why it is a "threat" to social media companies.
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Welcome to The Daily Forkast, December 16th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:
00:00 Coming Up
00:41 Delay likely for India crypto bill.
02:08 Nexon America to accept crypto for in-game purchases.
03:48 Crypto caps a landmark year.
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First up, India's highly anticipated crypto bill that would bring some clarity to a political hot potato that is crypto, may now not be introduced in the current ongoing winter session of Parliament or even be discussed by the Prime Minister's Cabinet Union, according to a local media report. More changes in the bill are likely as the government wants India's crypto regulations to work in tandem with the global framework. Earlier this month, India's finance minister said the bill will be introduced after it is approved by the cabinet, except it looks like we're going to have to wait a little longer.
Meanwhile, one of South Korea's largest cinema chains, Lotte Cinema, is giving away secret codes exchangeable for NFTs to the first 30,000 people who reserved tickets for Matrix Resurrections, made in partnership with Warner Brothers and NFT startup Witchcraft. The Matrix NFTs feature 3D characters and symbols from the sci-fi movie, and there's even a virtual space where the NFTs can be displayed and viewed, perhaps by Ne-Yo himself. But for now, The Matrix NFTs can't be traded only owned, but Lotte Cinema plans to issue tradable NFTs in the future.
Nexon America, a subsidiary of South Korean gaming giant Nexon, has announced a new feature allowing players to purchase in-game items with crypto in all of its online games. But it comes with limitations. Nexon America's new crypto feature supports buying game items with Ethereum, Dogecoin, Bitcoin, Gemini and more. Kartrider, Maple Story, Mabinogi are just some of the popular online games available on Nexon America, in which users can use crypto as credit player wallets and transactions will be managed by crypto service Bitpay, which also sets the value of cryptocurrencies next in America, draws a clear line that the move is unrelated to its bitcoin holdings, adding that the decision was made purely for the needs of the players. Nexon has been a regular investor in blockchain and crypto. Back in April, it purchased bitcoin worth a whopping US$100 million, and NXC, Nexon's holding company acquired the Korean crypto exchange Korbit back in 2016. Meanwhile, players at the Nexon Games outside of the U.S. will not be able to enjoy the new feature, with the company revealing it is not planning to bring the feature back home in Korea. It did not provide a reason for the restriction, however. Korea currently bans all played tours in games and still holds an ambiguous stance on crypto.
What a ride 2021 has been for crypto from hitting US$3 trillion in total market cap to Bitcoin being adopted as legal tender in El Salvador. But it hasn't all been rosy, and governments around the world are looking at tightening the reins. Michael Wu, CEO and founder of Amber Group, joins me now to talk about those stories and what he's also looking forward to in The New Economy for the new year.
Angie Lau: Let's start with our own backyard right here in Asia. Singapore is seen as one of the most crypto friendly countries. Yet Binance recently decided not to go ahead with a crypto exchange in the Lion City. What do you make of that move?
Michael Wu: I think people are making too big out of too big of a deal out of this. Singapore, as a country, has clearly, along with its regulatory body mass, set a very clear regulatory framework. As regard to crypto and digital assets, it is clearly showing the city state as as a country that embraces crypto. Yet there is a clear and a disciplined approach towards this kind of new innovation. Binance is already so big with such a large existing user base that you know for them to tweak some of their system, their products for, particularly the Singapore regulation, it might not just be worth it for them.
Angie Lau: Over in India, Prime Minister Modi is saying cryptocurrencies should be used to empower democracy. Can one read this as a shift towards a more pro crypto stance? And what could legitimization of crypto in the world's second most populous country actually do for digital assets?
Michael Wu: I think it's very well said by President Modi that in the crypto and the digital assets should be used to benefit more broadly the democratization of finance. Crypto has generated wealth for for quite a lot of people, but overall still for a very niche group of people. As we enter the new economy, I think more and more people every day, consumers, everyday users will be able to actually get the benefit.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #CryptoBill #Nexon #GameFi #LotteCinema #NFT #AmberGroup #MichaelWu #Binance #Korbit-
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Ruth Porat, senior vice president and CFO of Alphabet and Google, says the company wants to bring workers back on campus, but not full-time. She speaks with Emily Chang "Bloomberg Studio 1.0."
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From DOH! to DAO: The Rise of Decentralized Organizations
ConstitutionDAO was just the start. The range and ambition of DAOs is only growing.
In the summer of 2016, Joe Lubin, one of the eight co-founders of Ethereum, was in midtown Manhattan to talk about how blockchain could transform accounting practices. While surely a fascinating topic, most people in the room that day wanted to know Lubin’s opinion in the wake of the theft of $55 million in ether from The DAO, a decentralized autonomous organization.This post is part of CoinDesk’s Culture Week.
He’d never been a fan of the project – which pooled startup capital to fund Ethereum projects chosen by the DAO members. Only a week or so before, in a still controversial move, Ethereum users voted to change the history of the blockchain to allow the ether stolen from The DAO to be returned.
When asked about it and any lingering effects the so-called hard fork would have on the network he helped create, Lubin said Ethereum was still too young and unsophisticated to handle something like a decentralized private equity fund.
“It was deemed by some of us to be possibly systematically destabilizing,” he told the audience at Microsoft’s office in Times Square. Then, in what could certainly be the most evergreen quote in all crypto, he said, “Naïve people in the cryptocurrency space buy these tokens because they think they’ll get rich.”While that sentiment hasn’t changed, DAOs sure have.
For years after the DAO hack and hard fork the d-word wasn’t spoken. In 2017, the U.S. Securities and Exchange Commission released a report on the incident where it ruled DAO tokens had been sold as unregistered securities, but chose not to go after anyone.
Since then a lot of work has been done on how the terribly named entities are structured and funded, and 2022 may be the year that they make a broad comeback while touching on industries far afield from crypto. Still, a lot of questions are left to be answered and the tools to manage DAOs are in their infancy.
Read more: What Is a DAO?
“My starting assumption is DAOs are one of these inventions within crypto that are not going to be un-invented,” said Ryan Selkis, co-founder and chief executive officer of research and analytics firm Messari. “You’re now seeing an explosion of innovation around DAO design.” Messari recently released a suite of DAO governance tools called Governor to help the organizations keep track of voting, member participation and treasury maintenance.
At its essence, a DAO is an organizing principle. It can be applied to a lot of people or a few, but what’s constant is the hierarchy, which is meant to be flat, with every member given a vote in how the DAO’s mission – whatever it may be – is executed.
While in many cases DAOs have to start with the vision of one person or a small group of people, the goal is to grow the membership until everyone is engaged in DAO management within an area they find engaging.
The projects employing that structure are now blooming far outside the crypto world. From a DAO intent on buying an National Basketball Association basketball team, to one that wants to restore ocean health to one dedicated to increasing the wealth of women, or a DAO that wanted to buy a copy of the U.S. Constitution, the range and breadth of how DAOs are being thought of is staggering.
The list of DAOs to emerge in 2022 and beyond is far more exhaustive than those examples, yet the connection from the digital world to the real one is a unifying strength most of these projects share.
“Using DAOs to pool capital to make a real-world impact is a big category,” said Aaron Wright, who almost single-handedly brought DAOs back into fashion when he helped create the LAO in 2019 as a co-founder at OpenLaw, a digital contracting system. (The LAO, with some important changes, seeks to serve the same funding function for Ethereum startups that The DAO pioneered.)
Other categories Wright expects to be big in DAOLand include ones that produce creative content, social groups like Friends With Benefits, not-for-profit DAOs and services-oriented groups built on a guild model where software developers, for example, can join to find work opportunities.
“The notion that small groups of people can compete with Silicon Valley is true,” Wright said. “That’s one of the visions of the DAO, that the community can support itself.”
Due to their open and collaborative nature, DAOs may also help diversify crypto culture that mirrors much of the traditional models.
“The face of crypto right now is white and male,” said Alana Podrx, founder of Eve Wealth, a DAO formed to build women’s wealth. She noted 75% of crypto holders are men. “If we’re going to invent the future of the financial system, we need to make sure it looks different and is diverse.”
Get the whole of CoinDesk’s Culture Week.
The tools to pull together a potentially global effort like Eve Wealth in DAO form have been created in just the last six months, Podrx said. “Before this we would have had to develop our own token access tools and create smart contracts,” she said. “Instead, we did it in 15 minutes with CollabLand and Coinvise.”
What started as a small group of financially ambitious women from Podrx’s network in traditional finance soon grew to more than 300 female accredited investors. They set the goal of filling in the space between robo advising and high net-worth wealth management, she said. The collaboration or co-op ethos of a DAO has come naturally to the women in Eve Wealth, she said.
“We forget that women have had to use soft power for all of history,” Podrx said. “We are all invested in the success of the community.”
The global reach of DAOs is also gaining traction as seen when ConstitutionDAO formed and within a few days raised about $47 million to try to buy a copy of the U.S. Constitution. While problems arose with refunding member money when the bid failed – more like ConstitutionDOH! – the network effect and international reach was impressive.
That’s the force behind Krause House DAO as well, which is on a mission to buy an NBA basketball team.
Co-founder Flex Chapman (not his real name, but we’ll get to that) had initially been interested in creating DAO software tools with his partner. “DAOs have no shortage of problems with them now,” he said. They soon realized forming a DAO would be much more exciting than making software tools for them, and Krause House was born. In November, Krause House raised 1,000 ether on Mirror worth about $4.4 million.
A DAO structure rewrites the rules for collective ownership, allowing possibly hundreds of thousands of Krause House members to vote on team decisions rather than an owner and general manager making those calls, Chapman said.
While the amount of money to buy an NBA team is in the billions of dollars, Krause House plans to keep its members engaged by hosting real-world events like pickup basketball leagues and virtual games like fantasy leagues and ask-me-anythings (AMA) with NBA players, according to the Krause House Mirror page.
Chapman said not everything in the world needs to be decentralized but that a DAO makes the outsized ambition of Krause House easier to achieve. “People are seeing the benefits,” he said. His partner and he chose to use pseudonyms to separate themselves from their past experience with Web 2 startups, he said. “I think Web 3 is a revolution and I wanted to have a clean take,” Chapman said.
There’s still a lot of work to be done to bring DAOs more mainstream, said OpenLaw’s Wright. “The shape of what they will look like, I still don’t have a clear vision of it,” he said. “That’s the question – where are we in the cycle and no one really knows right now.”
Messari’s Selkis was more sanguine. DAOs are as important as layer one blockchains, DeFi protocols and NFTs, and should be used to govern the broader decentralized landscape, he said.
“You’re talking about one of the primary building blocks for crypto,” he said.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Matthew Leising
Matthew Leising worked for Bloomberg News for 17 years and started covering crypto in 2015. In 2020, he published “Out of the Ether,” a history of Ethereum and the people who created it. Earlier this year he co-founded DeCential Media which is dedicated to telling stories of the founders, builders and visionaries of the new decentralized world.-
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Gareth Soloway, chief market strategist of InTheMoneyStocks.com, joins Small Caps to discuss what the technical charts are showing may be next for the stock market, gold, silver, uranium, bitcoin, gas and more.
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Francisco Gimeno - BC Analyst Smart interview. Gareth Soloway always talks a good technical analysis. Although we all know that stocks, commodities, and now crypto also depend very much on the human feelings, both optimism and pessimism, so technical analysis help up to a point. At this time of uncertainty in geopolitical issues, finance and economy and the incoming digital economy, we can't afford to dismiss the words of those who, like Soloway, have consistency on their analysis, in order to make our own personal decisions. What do you think?
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Patrick Bet-David Podcast Episode 106. In this short clip, they talk about whether or not human beings are losing the "Human Experience".
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Francisco Gimeno - BC Analyst A worthy question and not so easy to answer. There are ethical, moral and even biological issues when talking about the importance of a future where Metaverse works. All technologies have double edge. If we get the advantages fo the Metaverse (engineers and scientists trying in virtual reality new designs and experiments, the education's revolution, new ways of working and entertainment) we can also see the possible disadvantages (metaverse's addictions, believe that virtual reality is better than the real one, missing out the real life which make us more humans, etc). The debate must be at the forefront of this new development to get the best of it.
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The worst bear market of our lifetime... here's why and when it will start. It appears that the stock markets are likely approaching a major turning point in the near future. As we shall reveal in this video, the long term bull market which started over 120 years ago could be nearing an end. What are the reasons for this bull market from a technical (or chart) perspective? I shall explain why the chart analyst Robert Prechter, who is also one of the world's best elliott wave experts, believes the stock markets are likely approaching the start of a major long term bear market. I shall explain the reasons for this bear market perspective and when it could potentially start - i.e. the time period as to when the bear market could begin and how long it may last. #stockmarket #SP500 #AlessioRastani
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Francisco Gimeno - BC Analyst A bear market in the next future? Difficult to really pinpoint if this will happen soon, or when; this using Elliot waves in a technical way mostly agree there is a reckoning, a bear market crash, and we should get prepared for it; experienced traders know how to deal with the dangers of this too. Whatever will happen we can't stop it, so as usual, let's use common sense, reason and prepare for anything possible. Any trader living on hopes and wishes is soon or later an ex trader. Watch this and let us know what you think.
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Non-fungible tokens, or NTFs, are growing in mainstream popularity. What exactly are they, and how can investors profit from this growing trend?
Bijanca Star, host of NFThursdays, discusses with David Lin, anchor for Kitco News, the onboarding process for new NFT investors.
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#NFT #DeFi #Crypto
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Francisco Gimeno - BC Analyst NFTs don't make sense for some. For others is the future of digital economy. The hype is high and very much alive, also as it deals with a new variety of industries, creators, creations, art, tech, everything trying to link to each other in a new way, a new way of thinking ownership and what an asset is in the digital economy of the 4th IR. We will have to wait for a time to understand better the evolution of NFTs.
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Grant Gerber, Community Director at Kaddex discusses with David Lin, anchor for Kitco News, what DeFi and decentralized autonomous organizations (DAOs) are doing to revolutionize finance.
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0:00 - DeFi vs traditional finance
4:00 - DAO
10:29 - Cryptos as currencies
13:27 - DeFi user interface
16:00 - Crypto markets
17:00 - Stablecoins and USD
19:40 - Education in DeFi
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Lightspeed Venture Partners' Ravi Mhatre joins Emily Chang to talk about the highlights of the crypto hearing as Congressional leaders are wrestling with how to bring this market under government oversight; and what are the 2022 crypto trends to watch out.
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Visa Inc. Chief Financial Officer Vasant Prabhu vowed the payments giant won't be picking winners and losers as part of its push into the world of cryptocurrencies. The firm debuted a crypto advisory practice on Wednesday as part of its sprawling consulting business. He's on "Bloomberg Markets: The Close."
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Miami Mayor Francis Suarez, who said earlier last month he would take his next paycheck "100% in Bitcoin," is seeking to expand the use of cryptocurrency across the city. He spoke on Dec. 3. on "What'd You Miss?"
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#cryptocurrency #crypto #Coinbase
Coinbase CFO CFO Alesia Haas testified before the House Financial Services Committee about the cryptocurrency industry.
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Francisco Gimeno - BC Analyst Coinbase, the number one global exchange is perfect to talk to the US House on crypto (and by sympathy about the 4th IR, the digital economy). What is hugely interesting is that it's not just the regulatory agencies who are asking for clarification and regulation, but even crypto companies which see the need for a form of regulation which doesnt stifle innovation, which helps to power the crypto economy and even help to expand the industry. There are many challenges and obstacles but if both sides, regulatory agencies and the crypto industry work together a new framework can be built in a robust way fighting against scammers and strengthening the transformation of the economy.
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At a congressional hearing on crytpocurrency, Bitfury CEO Brian Brooks explains the blockchain and how it plays an integral role in Web 3.0.
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Bitcoin buying activity remains weak despite several oversold signals on the charts. Prime Trust Chief Financial Officer Rodrigo Vicuna discusses his take on the potential catalyst behind BTC's short-term downtrend and the possible impact of mining on price movements. Is a "Santa Rally" still possible? Plus, reactions to MicroStrategy (MSTR) buying more bitcoin, now hodling over 122K BTC in total valued at $6 billion.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Welcome to The Daily Forkast, December 8th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:
00:00 Coming Up
01:26 Updates to Australian crypto regulation proposed.
03:17 Jail a possible penalty for violations of India’s proposed crypto bill.
03:52 NFTs a hot gift this holiday season.
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First up, a South Korean presidential candidate has spoken out in favor of crypto again. Lee Jae Myung, the ruling Democratic Party candidate, says virtual assets are already an undeniable means of transactions, which Korea has to become the leader in. Lee also predicted that even if Korea issues a CBDC, other cryptocurrencies will stay relevant and co-exist. Lee previously proposed redistributing profit from large scale housing developments to the public in cryptocurrencies. So far, his comments have not made much of an impact on his election chances, with a recent survey showing Lee running 8.2% behind the main opposition party candidate, Yoon Seok Youl.
Over in Australia, Treasurer Josh Frydenberg has announced sweeping new proposals aimed at updating the country's payments sector, including crypto. Now, one proposal being considered is requiring domestic crypto exchanges hold digital assets for local clients onshore, while a 10% tax break for crypto mining operations using renewable power got the knock back. He also revealed plans to move forward on CBDC. Jonathan Miller of crypto exchange Kraken told Forkast.News, he hopes the government there will look at crypto as an emerging industry, given that it remains a unique asset class.
Sticking with the crypto regulation theme, tough measures and penalties, including jail time set to be imposed in India that, according to a draft of the country's planned crypto bill. The draft includes wide ranging bans on crypto related activities. Indeed, just paying for something with crypto could see you arrested without the need for a warrant. According to the draft, the government is looking to put a general prohibition on all activities by any individual on mining generating holdings, selling or dealing in digital currencies as a medium of exchange store of value and a unit of account all characteristics of any legal tender. It says violating these rules will be a cognizable offense, meaning violators can be arrested without a warrant and held without bail. Other offenses classed as cognizable in India include rape, murder, kidnapping, theft and dowry death. The draft also proposes a crackdown on crypto advertisements and could see wallets that allow users to store crypto outside of exchanges outlawed. Meanwhile, it says crypto exchanges will be regulated and overseen by the Securities and Exchange Board of India. A ban on crypto payments would deal a huge blow to the blockchain and NFT space since transaction fees need to be paid for with crypto. However, the stringent new rules have been designed in accordance with concerns raised by the central bank, which is consistently called for a blanket ban on crypto. With the draft also saying safeguards will be put in place to protect the traditional financial sector.
Well, it's the holiday season and many of us are looking for that special something for ourselves or our loved ones. So what's the must have gift of the year? Well, could that crown, ladies and gentlemen, come to rest with NFTs? Let's bring on board Duc Luu, executive chairman of Sports Network, a cross-chain DeFi powered NFT marketplace. Our very own NFT insider.
Angie Lau: Ok, we've seen Martha Stewart come up with an NFT gifting line, we have Macy's in the U.S. creating NFTs of its Thanksgiving parade that with a holiday season upon us, our electronics and clothing a thing of the past. Will we be gifting NFTs this holiday?
Duc Luu: I think why not? I think that we believe in physical merchandise and for physical merchandizing Martha Stewart, Macy's Day Parade items. I think that why not have digital merchandise that actually might even grow in value over time instead of depreciate in value over time? For sure. There was about 80 something thousand tickets sold for the opening day of Spider-Man as NFTs, and it was completely sold out within, I believe, minutes. And, there was obviously too much demand
Angie Lau: And no doubt holiday sales are big draw, everyone is on the lookout, always has been for those holiday deals in the physical world. But can one expect to find NFTs and digital assets on sale as well?
Duc Luu: I think that there's a lot of value to be had in the NFT space and very much it's a trading and sometimes an investment vehicle. So if anything, if you're doing some kind of discounting for the holidays right now, it may be a sort of a negative signaling.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #NFT #Tax #CBDC #Jail #Christmas #KoreanElection #Holiday #DucLuu-
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Welcome to The Daily Forkast, December 6th, 2021, presented by Megha Chaddah. For the latest in blockchain & crypto news.
On today's show:
00:00 Coming Up
00:36 Foxconn founder Terry Gou says finance cannot be decentralized.
01:53 Many factors at play in crypto plunge.
03:35 Bitget reportedly suspended by Singapore regulator.
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First up, Terry Gou, founder of Foxconn, which supplies Apple's iPhones and one of Taiwan's richest men, says mainstream monetary finance cannot be decentralized. In a Facebook post clarifying comments made in an earlier interview, Gou said the crypto market is still highly speculative and that cryptocurrencies and NFTs need to be incorporated into the real economy in order to be integrated into people's lives. He also says it will take 5 to 10 years for the Metaverse concept to mature, with a lot of room for improvement in the user experience at present and staying in the Metaverse.
GameFi hits Japan with popular mobile game Elemental Nights Online, launching a new version called Gensokishi Online Meta World. Players will be able to purchase virtual land and edit their own creations, such as buildings, as well as trading and minting their own NFTs based on the game content. The full play to earn game is due to be released next summer, with a beta version available earlier. Interestingly, in neighboring South Korea, such play-to-earn blockchain games remain banned from domestic release due to concerns over speculation.
Over on the markets; an underwhelming U.S Jobs report and ongoing concerns over the Omicron variant hit global stocks and bonds hard, and that had a knock on effect on crypto over the weekend, with around US$400 billion lost from the total market cap in less than 24 hours. While Bitcoin has stabilized since the majority of the crypto market remained in the red Monday morning Asia time. Bitcoin lost more than US$1 billion of its market cap over the weekend and was trading it a little over US$48,500 by Monday afternoon Asia time. While a single reason for the wider market downturn may be difficult to pinpoint, one expert told Forkast.News a confluence of factors could be at play. With embattled Chinese property giant Evergrande announcement that it may be facing a restructuring, just one of those. An expert told Forkast.News, he expects more weakness in the trading weeks before Christmas because funds which have made gains over the course of the year are now de-risking. The expert went on to say that while few Asian stock markets did well on Monday morning, Taiwan could outshine others if Covid cases rise, as that economy is dominated by tech, manufacturing and shipping. While for crypto markets, he expects Bitcoin's role as a safe haven to increase. The expert says Bitcoin will become part of a balanced portfolio, particularly with the cost of storing physical gold on the rise.
Meanwhile, the Monetary Authority of Singapore has reportedly suspended the crypto exchange Bitget. Back in October, we reported on Bitcoin's controversial listing of Army Coin named after BTS fans or Army. The band's management company was none too happy, and according to the Financial Times, the argument that arose has now resulted in Bitget's suspension. BTS management company Hybe said the Army Coin had no connection with the band and threatened Bitget with legal action when he was advertised on a platform as a way of offering lifetime financial support to members of the band. Bitget services were available in Singapore until late November, but users there have now been blocked from accessing its app and website. And while no official announcement has yet been made, the exchange has now removed the Monetary Authority of Singapore's logo from its website. But still says it has licenses in Australia, the U.S. and Canada. Forkast.News contacted both Bitget and the MAS for comment, but had received no reply at the time of recording. Singapore has emerged as a haven for crypto businesses in Asia and is home to a number of Chinese crypto entrepreneurs, including Changpeng Zhao, the chief executive of the world's biggest crypto exchange, Binance. Meanwhile, the creators of the Army Coin remain unknown, and the website where it was initially announced now says it is under renewal. And Hybe is actively investing in the field, announcing in early November that it had partnered with Korean blockchain company and operator of the Upbit exchange, Dunamu, to develop an NFT business offering digital collectibles to fans.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #Bitget #ArmyCoin #BTS #TerryGou #Omnicron #GameFi #Metaverse #NFT #Foxconn-
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https://www.forbes.com/sites/jackkell...
Bill Ackman is a pretty famous investor, though not for purely good reasons. He has made huge amounts of money through his fund, which focuses mostly on chain restaurants and fast food, but his knowledge and expertise is far more widespread than that. He is by all measures, a very successful investor, and has certainly earned himself a reputation to go along with that. When he speaks, we ought to listen, but we ought also to think about some potential ulterior motives. Ackman has a notable history of taking out short positions, and then using his name and influence to try and tank a stock or even a market. He infamously did so against Herbalife, throughout the 2010s and then again when the virus hit, and lockdowns started in 2020. Of Course once the market tanked, he exited his short positions, and bought back into the market, making him billions, but costing a lot of people who trusted him millions as well. But what has he got to say now, and what might his ulterior motives be this time? Well, that’s what we’re going to cover today.
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Francisco Gimeno - BC Analyst Is the Fed leading to a financial suicide? Or are they instead fully awake and what they do with inflation and other markers is on purpose to impact positively the economy? Bill Ackman is telling us that the Fed needs to stop, tough times are ahead. His arguments are serious. But also Ackman, let's be clear, never says anything for the profit of others, but for his own benefit first. What he says is a strong opinion and must be considered together with other opinions from other investors and people in the know. Anyway what is true is we are living in a period of uncertainty in economy and finances, and one of the outcomes can be real bad, so let's prepare for the worst while working for the best.
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If you could from anywhere in the world, why not work in the place that let you live a little - Cape Town and the Western Cape?
Need more convincing? Read the insider’s guide to making it work in the Western Cape and download our Pretty Convincing Presentation to show your boss (and family) here: https://bit.ly/3HqN14q-
Francisco Gimeno - BC Analyst Funny and brilliant call for anyone who is looking for a good place to live, work, and enjoy life, without any hustles, in a continent which is not strictly famous for that. Cape Town and truly the Western Cape is a jewel in South Africa, in full process of expansion, where tech start ups, and digital companies are moving in, AND staying. Combine the beautiful with the practical there.
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This video covers the future of ecommerce and 9 ecommerce trends that will exist in 2030. Watch this next video about the future of augmented reality: https://bit.ly/2YeBvXG
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SOURCES:
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• https://www.bigcommerce.com/articles/...
• https://www.oberlo.com/blog/future-of...
• https://www.smarthint.co/en/futuro-do...
• https://techcrunch.com/2021/05/21/5-p...
• https://www.coredna.com/blogs/ecommer...
• https://www.entrepreneur.com/article/...
• https://www.entrepreneur.com/article/...
• https://morningconsult.com/wp-content...
• https://www.theverge.com/2020/12/7/22...
• https://www.diamandis.com/blog/10-met...
• https://www.shopify.com/ar
• https://varjo.com
• https://www.amazon.com/Amazon-Prime-A...
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This video covers the future of ecommerce and 9 ecommerce trends that will exist in 2030. Other related terms: future of e-commerce, future of ecommerce 2030, augmented reality in e-commerce, ecommerce ai, e commerce crypto, ecommerce drone delivery, ecommerce virtual assistant, ecommerce virtual reality, ecommerce social media, e commerce video, future business technology, future business tech, ecommerce augmented reality, the future of e-commerce, the future of ecommerce and online business, e-commerce, etc.-
Francisco Gimeno - BC Analyst E-commerce is going to exponentially grow using the new technologies which are either appearing or evolving now. The en of this decade will see us using a myriad of devices which now we just imagine or are in a first iteration, such as virtual or augmented reality, e-commerce in Metaverse, ubiquitous crypto payment, automated supply chains, AI enable software, even brain computer interfaces. Even some solutions which now we can't even imagine. In fact, the only obstacle will be our own slow biological brain adaptation to this new digital culture.
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At Qualcomm's Tech Summit, CEO Cristiano Amon unveils his company's vision for the Metaverse and how his company's technology will play a role in the new frontier.
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Francisco Gimeno - BC Analyst Time for CEOs to talk about their own vision about Metaverse. Meta, Nvidia, now Qualcomm. The key word here is "vision". The Metaverse will have as many metaverse based platforms and apps, and will answer to any kind of people. If you are an engineer or a gamer you would probably love more Nvidia's vision. If you live social life and trade, maybe Meta is your choosing. Qualcom's vision wants to develop the tech to connect people to digital reality, also to help any other companies which want to develop Metaverse's apps. Hoping that together with tech development we eventually develop also rules of conduct, global ethic and values to avoid any problems.
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Watch Tesla CEO Elon Musk in an interview with WSJ’s Joanna Stern at the CEO Council Summit.
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Francisco Gimeno - BC Analyst Elon Musk... only two options, either you love him or you totally hate him. But who can really hate him? We just imagine some time in the future when all these interviews and podcasts will be studied by historians, economists and even philosophers. He has very clear opinions, and in fact if anything is lacking, is usually on the part of the interviewer who should ask deeper questions. Innovation in the US (and truly in the globe) in times of societal, economic and most importantly, technological change, must be protected, not stifled by too much regulations, bills and laws. We live in an unique time of history, and we are lucky we have someone like Elon to inspire us.
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Bitcoin has fallen 30% from its November highs, but Gareth Soloway, chief market strategist of InTheMoneyStocks.com, just bought more at the $48,000 level, as he expects a short-term bounce.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
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0:00 - Bitcoin's recent moves
9:19 - Stock market correction
13:55 - Bitcoin price outlook
16:32 - Natural gas
18:20 - Gold
#Bitcoin #Gold #trading
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Francisco Gimeno - BC Analyst We will say that for a BTC or crypto analysis, this is one of the few times we see good critical thinking, and not just a pundit's guess. Elaborating what is happening and what can happen is not as easy as it seems in a volatile market, both in stock and crypto. The crypto market is very much influenced by sentiments, and words from Fed, or other big issues can make the price change in seconds. Just watch this, it will help you to make your own mind too. Pay attention to everything, recognising the patterns and trends.
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Hong Fang, CEO of Okcoin, discusses with David Lin, anchor for Kitco News, whether Bitcoin will be replaced as a store of value by another cryptocurrency.
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0:00 - Bitcoin as store of value
6:00 - Taproot upgrade
7:37 - Ethereum
8:50 - Traditional finance
11:00 - NFTs
13:30 - Okcoin
14:39 - MiamiCoin
17:36 - Gas fees
19:00 - Mass adoption
#Bitcoin #Ethereum #Okcoin
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.-
Francisco Gimeno - BC Analyst Nice interview. Intelligent questions and very smart answers from the OKCoin's CEO who is extremely knowledgeable about what crypto is (and doesn't care about this week's prices!). Web.3 will probably conserve the same protocols of those very stable cryptos, like BTC, while creating or helping to evolve other coins and tokens which will serve the new digital economy in the next future.
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This video covers the Metaverse and why it will be a multi-trillion dollar industry. Other related terms: metaverse, metaverse crypto, metaverse facebook, meta, meta metaverse, mark zuckerberg metaverse, omniverse, microsoft metaverse, facebook metaverse, video games metaverse, metaverse simulation, metaverse nft, metaverse web 3.0, metaverse education, metaverse trillion dollar industry, metaverse currency, the sandbox, decentraland, nikeland, roblox, fortnite, virtual land, vrchat, future business tech, future business technology, future technology, axie infinity, etc.
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Francisco Gimeno - BC Analyst Those who think the Metaverse is just a dream should think about this: the Metaverse is a fantastic opportunity to earn trillions. Tech developers, different sectors, creators and thinkers, practically anyone and any activity can exist in there, adapting themselves to a new digital reality which will probably be even bigger than the "real" reality. Imagine whole metaverse worlds, connected by sharing metaverse worlds, platforms, apps, where everything is possible. Do you see the opportunities here? the disruption is huge, the future amazing.
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