After retracing to the upside of $52,000 a few weeks ago, what Gareth Soloway, chief market strategist called a “retrace to the scene of the crime,” Bitcoin slid back down, reaching $43,600 on Monday.

Soloway had previously called the top of $52,000, which was then the neckline of a head and shoulders pattern.

Now, he is calling for a pullback to even lower levels, as low as $18,000 to $20,000 a coin, before a bounce back.

The exception to this would be if Bitcoin tops $65,000, breaking the previous all-time high; only then, would upside momentum be confirmed, Soloway told David Lin, anchor for Kitco News.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gareth Soloway on Twitter: @GarethSoloway (https://twitter.com/GarethSoloway)

0:00 - Bitcoin
12:13 - Stock markets
17:21 - Gold
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~~~~~

📺Essential Videos📺

Last Week’s Crypto Review 👉 https://youtu.be/StziLbOwEZo
Top Cardano Projects 👉 https://youtu.be/Q0KhW8ftm90
Solana Tutorial 👉 https://youtu.be/1-9bafmV7pE
Ethereum Layer 2 Scaling Solutions 👉 https://youtu.be/L52zhkDYzvM
FATF Cryptocurrency “Recommendations” 👉 https://youtu.be/cZyTDJPnp14
SEC’s Views On Cryptocurrency 👉 https://youtu.be/uPBR3mn6wKU
Benjamin Cowen Golden Cross Analysis 👉 https://youtu.be/fJoK-Prd54U
Cosmos Updates And Potential 👉 https://youtu.be/BnpUhcuD4KA
Audius Explained 👉 https://youtu.be/RUaarPdTHws

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Cuba Embraces Crypto: https://cointelegraph.com/news/cuba-s...
► Thousands of Cardano Smart Contracts But No dApps: https://cointelegraph.com/news/200-sm...
► Solana And Arbitrum Go Offline: https://cointelegraph.com/news/solana...
► Walmart Litecoin Payments = Fake News: https://cointelegraph.com/news/fake-n...
► AMC To Accept ETH And LTC: https://cointelegraph.com/news/amc-ad...
► Treasury Department’s Push Back Against Ransomware Payments: https://www.wsj.com/articles/u-s-to-t...
► Stablecoin Regulation Risks: https://www.bloomberg.com/news/articl...
► Gary Gensler Says Coinbase Offers Some Securities: https://decrypt.co/80924/gensler-coin...
► Insane Demand For Coinbase Debt: https://cointelegraph.com/news/coinba...

~~~~~

- TIMESTAMPS -
0:00 Intro
2:25 Cuba Embraces Cryptocurrency
3:53 Cardano Smart Contracts
5:46 Solana And Arbitrum Go Offline
8:15 Crypto Payments: Real vs. Fake News
10:40 Ransomware Reaction Incoming
13:16 Regulatory Risks Rise
16:01 Institutional Demand For Crypto
18:57 Weekly Crypto Market Forecast
22:22 Outro


~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #Evergrande #BTC #ADA #SOL #Blockchain #crypto #News

Since President Xi Jinping became head of the Communist Party in 2012, he has launched an anti-corruption purge, interned millions of Uighurs and crushed the hopes of pro-democracy protesters in Hong Kong.

Now, Xi has got his eye on a huge segment of the economy that has powered economic growth in recent years: billionaires, celebrities, property, gaming and technology companies. He argues the side-effect of growth has been inequality and that it is time for “common prosperity”. Iris Pang, the chief economist for greater China at ING Bank, sheds further light on this.

Plus - why collectors are snapping up second-hand watches during lockdowns, according to the Founder and CEO of A Collected Man Silas Walton.

Nearly where three decades after the end of apartheid's white minority rule, South Africa is still very much a country of privileged whites and poor black people. The gap between the haves and the have nots is so wide, that South Africa the most unequal society in the world. So what's gone wrong and how can it all be fixed?
Two months after unrest not seen since the end of apartheid, people are counting the losses. This as the country deals with the triple threat of unemployment, poverty, and inequality. Economists call it a ticking time bomb. Is it about to explode?

00:00 South Africa the world's most unequal country
02:07 Every third South African is unemployed
06:19 Black South Africans trapped in poverty
08:10 The link between inequality and unrest after Zuma's arrest
11:18 South Africa's inequality gap unpacked
15:45 South Africans call for solutions to inequality
18:43 A third of South Africans depend on state handouts
24:40 Drone footage shows South Africa's inequality from from the air

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China's debt crisis is worse than anyone thought. Here's why.
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In China, embattled real estate giant Evergrande faces a major moment of truth this week. The company owes an estimated 300 billion dollars, and is expected to default on bond payments.
Evergrande operates and develops 1,300 real estate projects across China and employs 200,000 people. The company financed its breakneck expansion with credit and bond issues. But the pandemic has paralyzed its operations. Its debt equates to two percent of Chinese Gross Domestic Product.
Evergrande was always thought to be 'too big to fail.' If it topples it could take a number of banks down with it, like Lehman Brothers did in 2008.
The risk of defaulting has prompted a sell-off. Evergrande stocks have lost 80 percent of their value since the start of the year.


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#Evergrande #China #RealEstate

CNBC's "Squawk Box" team discusses the market sell-off and what's happening in China with Larry McDonald, editor of The Bear Traps Report. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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Welcome to The Daily Forkast, September 20th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:

00:00 Coming Up
00:39 Upbit named as first officially licensed crypto exchange in Korea
03:14 India sees surge in peer-to-peer transactions amid banking challenges.
04:34 Cosmos hits an all-time high.

---

First up, South Korea’s Upbit becomes the first authorized crypto exchange in the country, just days ahead of Friday’s deadline. And even partial compliance with those regulations has its advantages for one exchange, having the Information Security Management System certification in place played actually a key part in its victory in a lawsuit over crypto hacking and sets a powerful precedent for exchanges’ legal liabilities. Having fulfilled both conditions of the new law, ISMS certification, and a bank contract providing investors with real-name accounts, South Korea’s largest crypto exchange, Upbit, submitted its compliance report to the Financial Intelligence Unit on August 20. Three other exchanges, Bithumb, Coinone and Korbit have also met the requirements but are not yet officially registered. With days to go, it’s likely just those four, out of 63 exchanges in Korea, will be able to operate as usual after September 24. One expert tells Forkast.News what we’ve seen is only the beginning of regulatory action: "All the [negative] things [in crypto],happens because there still aren’t [appropriate] laws on virtual assets. So at the National Assembly, both the ruling party and the opposing have proposed multiple laws on the virtual asset industry." And those new regulations have already proved an asset for one exchange, which was sued by a user over stolen bitcoins. The user blamed the exchange after a little over 1.7 bitcoin was stolen and transmitted overseas. But the court disagreed, as the exchange in question met the ISMS certification, saying the users’ information could easily have leaked through the other cracks, such as phone hacking.

Meanwhile, amid ongoing banking challenges for the crypto market in India, peer-to-peer transactions have surged. While big names including State Bank of India, ICICI, and HDFC banks have distanced themselves from the crypto industry. Crypto investors in India themselves have not been put off. In fact, crypto exchanges say up to 80% of all transactions are now carried out using peer-to-peer transfers, spot trading, and WhatsApp or Telegram groups. And that’s up from 10% to 15% just a year ago. Indians are increasingly looking towards alternative transaction methods, like peer-to-peer trades, after struggling to use more traditional methods. Just last week, SBI, the country’s largest public sector bank, blocked payments to crypto businesses via the commonly used unified payments interface. Earlier this year, ICICI Bank reportedly asked payment gateway operators to block crypto transactions and HDFC sent emails warning customers about dealing with cryptocurrencies. The Reserve Bank of India responded in May by reiterating the fact that its 2018 circular asking banks to cut ties with crypto businesses, used as a reason for these moves, was invalid. But the country’s crypto bill, which could help to finally clarify matters, is still awaiting the nod from the union cabinet before it can be introduced in Parliament. Despite these issues, Indians are still hungry to join the crypto market. The country ranked second in Chainalysis 2021 Crypto Adoption Index and crypto exchange CoinSwitch Kuber now boasts over 10 million customers.

And finally, just last week we reported on the rise of second-tier coins, including Cosmos. Well, over the weekend, we saw it reach for the stars as its price soared 35%. According to data from CoinMarketCap, that saw the altcoin hitting an all-time high of US$44.54 Monday morning Asia time. It’s the first time the token has crossed the US$40 mark, gaining over 360% percent since mid-July. Now it’s been on a general upward trend after trading between the Cosmos and Ethereum networks was enabled through integration with SifChain in late August. Cosmos was among a handful of tokens that did well during last week’s market pullback. That group, which also included Polkadot and Avalanche, all support smart contracts. Key to note here with smart contracts key to facilitating decentralized finance or DeFi. The race to get money behind an “Ethereum killer” is showing no signs of slowing down.

---

#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #Cosmos #ATOM #Upbit #P2P #Korea #India #CryptoExchange #Altcoin #Ethereum

---

RECOMMENDED PLAYLISTS:

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The Daily Forkast: https://youtube.com/playlist?list=PLE...

Cardano’s much-anticipated Alonzo hard fork finally kicked off a new era of smart contracts on the blockchain. Because of that new capability, the proof-of-stake platform can now host decentralized applications (dApps) in the highly competitive decentralized finance (DeFi) space.

So what are the top 5 use cases for smart contacts?

To read more go to Forkast.News: https://bit.ly/2ZeSfi4

Or to watch the full interview, go the full Forkast Word On The Block Show:
https://www.youtube.com/watch?v=y2zTn...

---

#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #Cardano #CharlesHoskinson #ADA #Alonzo #SmartContracts #IOHK #InputOutputHongKong #dApps #NFT

---

RECOMMENDED PLAYLISTS:

Word On The Block: https://youtube.com/playlist?list=PLE...

The Daily Forkast: https://youtube.com/playlist?list=PLE...

---

ABOUT FORKAST.NEWS

Forkast.News covers blockchain, DLT, cryptocurrency and other emerging technologies in a way that anyone can understand. We help you bridge the gap between the blockchain industry and the mainstream.

From NFTs to enterprise blockchain platforms, smart contracts to altcoins, Bitcoin to DeFI and beyond; Forkast’s blend of insight, analysis & daily blockchain news keeps you on the cutting edge of the digital asset revolution and the wider digital economy it both supports and disrupts.

Welcome to The Daily Forkast, September 17th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:

00:00 Coming Up
00:34South Korea crypto exchanges face strict new regulations in just 7 days
02:49 E-CNY launch in final stretch
04:18 On the ground in El Salvador as Bitcoin is put to the test

---

In South Korea, except all but four exchanges have yet to fulfill new regulatory requirements as the September 24th deadline quickly approaches. Noncompliance means exchanges need to shut down. Many are now desperately calling for an extension of the grace period, but authorities say those exchanges must announce their closure by tonight. South Korea's Financial Services Commission has laid down the law, but only four of Korea's largest crypto exchanges, Upbit, Bithumb, Coinone and Korbit have managed to comply with just a week left. There are two requirements obtaining the Information Security Management System certification and partnering with a local bank to provide users with bank accounts under their real names. Exchanges that fail to meet both the criteria will be shut down, while those that have acquired the ISMS but not the bank contract, must operate after wiping out their cash-to-crypto functions. The government mandates that the exchanges notify their users seven days prior to closure, which is today. 35 exchanges haven't secured the information security certification and will perish next week. That's more than half the total number of exchanges in the country. 24 exchanges that only managed the certification will operate as token-to-token services from Sep. 24. Foblgate, Bitcmon, Coredex and Flybit have already announced the closure of their Korean won-to-crypto markets. One expert believes the likelihood of these 24 exchanges to complete the bank contract requirement is less than 10%. "[For one thing], there isn’t much time. And secondly, [the banks] have criminal and civil liabilities [for partner exchanges]. So they are being very careful in reviewing partnerships." Kim adds considerable damage is expected from this mass closure, but that it is a necessary passage for the industry to move forward.

Meanwhile, in China, Fan Yifeng, deputy governor of the Chinese central bank, said that the E-CNY pilot preparation of the Winter Olympics is in the sprint stage. He said that in a journey to investigate the progress of the E-CNY Winter Olympics pilot earlier this week, the 24th Winter Olympic Games will be held in Beijing and Zhangjiakou on February 4th 2022. With tens of thousands of participants from various countries, E-CNY will undergo the first crucial international test. However, in July, some U.S. senators urged American athletes to boycott digital yuan at the games, citing privacy concerns. According to the E-CNY white paper released by the People's Bank of China, non-Chinese travelers can use the CBDC in small amounts while remaining anonymous. Vending machines, vending cards, and unmanned supermarkets that support digital RMB payments will be present in the Olympic Park. Currently, China has issued 18 batches of digital Renmenbi red envelopes with a total value of over US$43 million in nine cities across the country to promote the adoption of the digital yuan.

El Salvador has seen a rocky start to its first week of having Bitcoin as legal tender. First country in the world to do so is saw a 15% crash in the Bitcoin market just hours after launch, technical problems plaguing the country's digital wallets and widespread demonstrations against the government and the adoption all taking place within a week's time. Alex Shipp, Chief Strategy Officer of a private, decentralized finance platform Offshift was on the ground when BTC became legal currency. He says that an outsider may think the adoption is going smoothly and there is a significant uptake across the country. But from what he saw, that's not the case. "Almost no one uses Bitcoin. Very few people know really what it is. So, yeah, there's quite a lot to be said." Shipp found that most of the bitcoin adoption in the country is occurring in a small coastal town of only about 3,000 people named El Zonte - or as it's known in the crypto industry, Bitcoin Beach. Outside of that, even in the capital of San Salvador, finding a Bitcoin user isn't easy he says. On Wednesday, the nation marked its bicentennial. Celebrations were marked by more protests against the government, including adopting Bitcoin as a legal currency. "Part of what's happened is that the government coming in and enforcing some kind of legal tender law are you doing something more or less authoritarian?" Ship says that is making a lot of people who don't really know much about Bitcoin turn against it before they're even educated on it.

---

#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #ElSalvador #Bitcoin #SouthKorea #ECNY #CBDC #DigitalYuan #CryptoExchange #China #Beijing2022

A New York Times article Sunday said U.S. regulators are concerned stablecoins could be a source of volatility and bring the dollar-pegged currencies under regulatory purview by declaring them as a risk to the financial system or treat them as securities, money market mutual funds, or as banks. While Washington’s discomfort with stablecoins is not new, "The Hash" squad discusses whether a stablecoin feature on a mainstream media outlet suggests regulation is coming soon.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

A sea of red across the global equities markets is impacting crypto prices as bitcoin, the world's largest cryptocurrency by market cap, slipped below $45,000 Monday. Robert Zagotta, CEO of Bitstamp USA, discusses why he sees the correction as purely short-term, adding "a lot of the volatility we're experiencing right now is expected." Plus, his take on bitcoin as a hedge against inflation, stablecoins, and the U.S. crypto regulatory landscape.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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In this video we will breakdown the upcoming NFTs drops that may have the most potential! We will breakdown new NFT Projects like Yakuza Cats Society, Wanna Panda, Soldiers of The Metaverse, & more!

Follow Our Socials:
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Yakuza Cats Society:
Twitter: https://twitter.com/yakuzacats_
Website: https://yakuzacats.com/

Soldiers of The Metaverse:
Twitter: https://twitter.com/MetaverseArmy
Website: https://metaarmy.io/

Bad Kids Alley:
Twitter: https://twitter.com/badkidsalley
Website: https://badkidsalley.com/

Wanna Panda:
Twitter: https://twitter.com/WannaPandaNFT
Website: https://www.wannapanda.com/

0:00 - 0:39 Intro
0:40 - 5:25 Yakuza Cats Society
5:26 - 10:32 Soldiers Of The Metaverse
10:33 - 13:18 Bad Kids Alley
13:19 - 17:38 Wanna Panda
17:39 - 18:50 Important Theme & Key Takeaways
18:51 - 19:19 Outro

Financial Disclaimer:
This is not financial advice. I am not a financial advisor. This channel is for entertainment and expressing my opinions. Please do your own research and make your own decisions.

Anthony Scaramucci, managing partner at Skybridge Capital, joins the Halftime Report from the SALT conference in New York City to discuss the current state of the markets and what he sees in the future of crypto amidst regulatory threats. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 Sign Up To Kraken 👉 https://guy.coinbureau.com/r/kraken
👕 Check Out My Merch 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~

- TIMESTAMPS -
0:00​ Intro
1:44 Who is Kraken
4:21 Kraken’s Security
8:16 Supported Cryptos
9:17 KYC At Kraken
12:00 How To Deposit Fiat?
15:19 How To Deposit Crypto?
16:05 Trading Fees
18:29 How To Trade?
21:58 Other Features
23:36 Final Thoughts

~~~~~

📺 Recommended Vids 📺

► FTX.com beginners guide: https://www.youtube.com/watch?v=ywJdQ...
► FTX US my complete walkthrough: https://www.youtube.com/watch?v=mFTZF...

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Kraken funding: https://www.bloomberg.com/news/articl...
► Kraken licenses: https://support.kraken.com/hc/en-us/a...
► Supported cryptos: https://support.kraken.com/hc/en-us/a...
► KYC: https://support.kraken.com/hc/en-us/a...
► Fees: https://www.kraken.com/en-us/features...

~~~~~

❓ Who is Kraken ❓

Kraken opened its doors just two years after Bitcoin was unleashed upon the world in 2009 and is located in sunny San Francisco. They have also raised numerous rounds of funding and had talks earlier this year which valued the exchange at $10 billion.

CEO Jesse Powell has also revealed that the exchange could be listed on the stock market in just over a year's time too.

In terms of licenses, Kraken holds a plethora of those in highly regulated jurisdictions like the US, UK, Japan and Australia. So yep, all that makes Kraken the type of exchange you use when you value compliance.

🔒 Kraken’s Security 🔒

The exchange boasts that it has industry-leading security. But what is backing up that bold claim?

Well, 95% of user funds are kept in cold storage. All sensitive account information is also encrypted with a ton of controls placed on access. All that is to ensure that those don’t get into the wrong hands.

Kraken’s servers are also placed in secure cages which are also monitored by armed guards! There are a plethora of other security precautions taken at Kraken and that’s led to Kraken being portrayed as enforcing their employees in a way similar to intelligence agents.

🤑 Supported Cryptos 🤑

When it comes to asset support, Kraken has over 80 different crypto’s available to trade. That includes pretty much every major crypto, alongside a host of more exotic plays.

In terms of supported countries, all nations on the usual naughty list are blocked, as well as the US states of Washington and New York.

🕴️ KYC At Kraken 🕴️

Alright, so Kraken requires KYC for all customer accounts. That’s not surprising, seeing as it is a fully regulated exchange. However, there are four different KYC levels at Kraken which unlock different features. So, you’ll want to watch my vid for more info on those.

💶 How To Deposit Fiat? 💶

Some deposit methods are insanely expensive. However, Kraken does have a few free deposit methods tucked away. Watch my video for more details on those.

₿ How To Deposit Crypto? ₿

Honestly, depositing crypto on Kraken is quite straight-forward. I show you all the steps on how to do that in my vid.

📈 Trading Fees 📈

Alright, so using Kraken’s ‘Buy Crypto’ feature is going to cost you an arm and a leg. You’ll pay up to 1.5% in fees over there. However, KrakenPro does offer more reasonable fee levels starting out at 0.16% in maker fees and 0.26% in taker fees. Yes, if you are a big crypto trader, then you’ll be able to take advantage of lower fees.

But be aware that there are other exchanges that offer significantly lower trading fees than Kraken.

📊 How To Trade? 📊

I do a complete walkthrough on this in my vid. So, be sure to check that out!

🤷‍♂️ Other Features 🤷‍♂️

Yes, Kraken offers margin and futures trading. However, I would recommend staying well away from all that. On the exchange, you can also stake your coins to earn crypto interest. Some of the interest rates on Kraken are pretty tasty

Also, Kraken offers you access to Parachain auctions. This gives you the opportunity to secure yourself some tokens when the project is still in its infancy. So, that could be of interest to you.

Also, Kraken’s educational hub is very useful too. Be sure to check that out.

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Kraken #Bitcoin #Exchange #Review #crypto #cryptocurrency

America is reeling from a failed war in Afghanistan, political polarisation and increasing social division. Could the superpower be in decline?

00:00 - America’s rising instability
00:45 - Is America in decline?
03:21 - America’s foreign policy failures
05:23 - Is this the end of American intervention?
07:02 - America’s domestic decline: what can be done?
09:09 - Will the infrastructure bill help?
10:40 - Is declinism inevitable?

Did America waste its unipolar moment?: https://econ.st/3Aj6BeP

Read more about declinism in America: https://econ.st/3CjyeVW

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What would a world without banks look like? The answer may lie in decentralized finance.

Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.

“Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top of the HTTP IP protocol,” said Stani Kulechov, founder of a DeFi protocol called Aave.

Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was $93 billion worth of DeFi assets in the crypto market as of June 2021, up from $4 billion just three years ago. To be sure, DeFi’s growth has slowed since the summer of 2020, and regulatory scrutiny from Capitol Hill has spiked over fears of crypto’s checkered past.

1:17- Chapter 1: The ABCs of DeFI
3:16- Chapter 2: The DeFi boom
5:45- Chapter 3: Why people are excited about DeFi
7:31- Chapter 4: What’s next?

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Crypto’s Next Big Thing: Decentralized Finance Takes On Wall Street

In this episode of Influencers, Andy is joined by Sinovation Ventures CEO Kai-Fu Lee as they discuss the future of robotics and how artificial intelligence will change the world over the next 20 years.
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Sinovation Ventures CEO Kai-Fu Lee joins 'Influencers with Andy Serwer' to forecast the implications of artificial intelligence and its impact on the labor market.
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Welcome to The Daily Forkast, September 17th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:

00:00 Coming Up
00:34South Korea crypto exchanges face strict new regulations in just 7 days
02:49 E-CNY launch in final stretch
04:18 On the ground in El Salvador as Bitcoin is put to the test

---

In South Korea, except all but four exchanges have yet to fulfill new regulatory requirements as the September 24th deadline quickly approaches. Noncompliance means exchanges need to shut down. Many are now desperately calling for an extension of the grace period, but authorities say those exchanges must announce their closure by tonight. South Korea's Financial Services Commission has laid down the law, but only four of Korea's largest crypto exchanges, Upbit, Bithumb, Coinone and Korbit have managed to comply with just a week left. There are two requirements obtaining the Information Security Management System certification and partnering with a local bank to provide users with bank accounts under their real names. Exchanges that fail to meet both the criteria will be shut down, while those that have acquired the ISMS but not the bank contract, must operate after wiping out their cash-to-crypto functions. The government mandates that the exchanges notify their users seven days prior to closure, which is today. 35 exchanges haven't secured the information security certification and will perish next week. That's more than half the total number of exchanges in the country. 24 exchanges that only managed the certification will operate as token-to-token services from Sep. 24. Foblgate, Bitcmon, Coredex and Flybit have already announced the closure of their Korean won-to-crypto markets. One expert believes the likelihood of these 24 exchanges to complete the bank contract requirement is less than 10%. "[For one thing], there isn’t much time. And secondly, [the banks] have criminal and civil liabilities [for partner exchanges]. So they are being very careful in reviewing partnerships." Kim adds considerable damage is expected from this mass closure, but that it is a necessary passage for the industry to move forward.

Meanwhile, in China, Fan Yifeng, deputy governor of the Chinese central bank, said that the E-CNY pilot preparation of the Winter Olympics is in the sprint stage. He said that in a journey to investigate the progress of the E-CNY Winter Olympics pilot earlier this week, the 24th Winter Olympic Games will be held in Beijing and Zhangjiakou on February 4th 2022. With tens of thousands of participants from various countries, E-CNY will undergo the first crucial international test. However, in July, some U.S. senators urged American athletes to boycott digital yuan at the games, citing privacy concerns. According to the E-CNY white paper released by the People's Bank of China, non-Chinese travelers can use the CBDC in small amounts while remaining anonymous. Vending machines, vending cards, and unmanned supermarkets that support digital RMB payments will be present in the Olympic Park. Currently, China has issued 18 batches of digital Renmenbi red envelopes with a total value of over US$43 million in nine cities across the country to promote the adoption of the digital yuan.

El Salvador has seen a rocky start to its first week of having Bitcoin as legal tender. First country in the world to do so is saw a 15% crash in the Bitcoin market just hours after launch, technical problems plaguing the country's digital wallets and widespread demonstrations against the government and the adoption all taking place within a week's time. Alex Shipp, Chief Strategy Officer of a private, decentralized finance platform Offshift was on the ground when BTC became legal currency. He says that an outsider may think the adoption is going smoothly and there is a significant uptake across the country. But from what he saw, that's not the case. "Almost no one uses Bitcoin. Very few people know really what it is. So, yeah, there's quite a lot to be said." Shipp found that most of the bitcoin adoption in the country is occurring in a small coastal town of only about 3,000 people named El Zonte - or as it's known in the crypto industry, Bitcoin Beach. Outside of that, even in the capital of San Salvador, finding a Bitcoin user isn't easy he says. On Wednesday, the nation marked its bicentennial. Celebrations were marked by more protests against the government, including adopting Bitcoin as a legal currency. "Part of what's happened is that the government coming in and enforcing some kind of legal tender law are you doing something more or less authoritarian?" Ship says that is making a lot of people who don't really know much about Bitcoin turn against it before they're even educated on it.

---

#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #ElSalvador #Bitcoin #SouthKorea #ECNY #CBDC #DigitalYuan #CryptoExchange #China #Beijing2022

Jaron Lanier is a computer scientist, composer, artist, author, and founder of the field of virtual reality. Please support this podcast by checking out our sponsors:
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OUTLINE:
0:00 - Introduction
1:39 - What is reality?
5:52 - Turing machines
7:10 - Simulating our universe
13:25 - Video games and other immersive experiences
17:12 - Death and consciousness
25:43 - Designing human-centric AI
27:17 - Empathy with robots
31:09 - Social media incentives
43:29 - Data dignity
51:01 - Jack Dorsey and Twitter
1:02:46 - Bitcoin and cryptocurrencies
1:07:26 - Government overreach and freedom
1:17:41 - GitHub and TikTok
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Discover why some people speculate mass automation is around the corner.

In this video, I use real world data to speculate what the transition to a more autonomous society would look like. There are countless things I wished I could have gotten to, but comment below for something you'd like me to discuss in a future video!

Is reality real? These neuroscientists don’t think so, with Richard Dawkins, Heather Heying, Donald Hoffman & more

Subscribe to Big Think on YouTube ►► https://www.youtube.com/channel/UCvQE...
Up next ►► Navigating reality: It’s all about perspective | Daniel Schmachtenberger https://www.youtube.com/watch?v=ZNcyc...

Is there an external reality? Is reality objective? Is the information your senses are feeding you an accurate depiction of reality? Most neuroscientists, biologists, and scientific leaders believe that we only understand a sliver of what is real.

Although we assume our senses are telling us the truth, they’re actually fabricated to us. Considering senses are unique from person to person, and through our unique senses we can only intemperate a fraction of what is real, there is no all-encompassing perspective one can have. Because of this, we need to take our perceptions seriously, but not literally.

Multiple perspectives have to be taken, as each will have some sort of truth lies within them. Seeing partial truth in multiple perspectives is fundamental to navigating the world and making informed decisions.

Read the video transcript: https://bigthink.com/videos/objective...
----------------------------------------------------------------------------------
CHAPTERS:

0:00 Beau Lotto on how we perceive our external reality.
0:32 Alva Noë on how our reality projects into our nervous system.
1:20 Donald Hoffman on if our senses are telling us the truth.
2:58 Frank Wilczek on how we perceive color and sound.
4:41 Daniel Schmachtenberger on perception, choice making, and navigating reality.
6:01 Heather Heying on how to figure out what is true in reality.
6:28 Richard Dawkins on objective reality vs. science
----------------------------------------------------------------------------------
Read more of our stories on objective reality:
Did we evolve to see reality as it exists? No, says cognitive psychologist Donald Hoffman.►► https://bigthink.com/surprising-scien...
Is human consciousness creating reality? ►►https://bigthink.com/surprising-scien...
New hypothesis argues the universe simulates itself into existence►► https://bigthink.com/surprising-scien...
----------------------------------------------------------------------------------
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The world is vast and our perceived realities even more so, but the Metaverse is a catalyst that could trigger a collective reevaluation of meaning, value and possibly love. Dive into the Metaverse with me and learn what its all about!

Follow me here too!
Instagram - @orbiter1 - https://www.instagram.com/orbiter_1/
Facebook - https://www.facebook.com/profile.php?...

Evolution of The Internet: 0:00-1:17
What is The Metaverse: 1:18-3:16
Facebook Metaverse: 3:17-4:08
Impact on Culture and Community: 4:09-5:48
Impact on Global Economy: 5:49-7:22
Digital Land: 7:23-8:14
Metaverse Gaming: 8:15-9:12
Complex AI Civilians: 9:13-10:23
Closing Thoughts: 10:24-11:12

Brent Thill, Jefferies research analyst, joins Power Lunch to discuss the metaverse and associated investing opportunities. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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The coronavirus pandemic has sparked huge interest in shared virtual environments or the "metaverse". Here's how it works

#Metaverse #VirtualWorld #WIONNews

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In this video we will list the Highest NFT Sales this week! We will breakdown each of these sales & we have some insane values!

0:00 - 0:18 - Intro
0:19 - 0:45 Number 10
0:46 - 1:15 Number 9
1:16 - 1:55 Number 8
1:56 - 2:33 Number 7
2:34 - 3:32 Number 6
3:33 - 4:08 Number 5
4:09 - 4:28 Number 4
4:29 - 5:16 Number 3
5:17 - 5:51 Number 2
5:51 - 6:38 Number 1
6:39 - 8:24 Sotheby's Bored Ape Yacht Club Auction Results
8:25 - 9:07 Conclusion

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Welcome to The Daily Forkast, September 16th, 2021, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show:

00:00 Coming Up
00:35 Cryptocurrency mining hardware manufacturer Canaan reports record revenues.
02:08 South Korea’s finance minister says no to crypto tax delay.
04:31 NFT platform OpenSea admits insider trading.

---

1. Despite China’s clampdown on cryptocurrency mining, hardware manufacturer Canaan has seen its revenues go through the roof. The company reported its strongest ever quarterly sales, up over 500% from the same period last year. That’s 500 percent. That’s a lot. Canaan says strong market demand for its bitcoin mining machines and the proceeds from its registered direct offering in May both helped fill its coffers. The increase in Bitcoin mining machines Canaan delivered saw the total computing power sold hit 5.9 Terahashes per second last quarter. That meant net revenue for the quarter soared to US$167.5 million, a leap of almost 170% from that achieved in the first quarter. The company says its strategy going forward is to increase its market share in the bitcoin mining machine business and that it is confident, despite industry wide challenges, including wafer supply instability and regulatory uncertainties in various countries. Chairman and CEO Nangeng Zhang says the company has also been making strides into the AI business with the launch of its “Kendryte K510” chip. Canaan says the outlook remains healthy, predicting a 10% to 30% sequential increase in revenues for the third quarter.

2. South Korea’s finance minister says taxing crypto can be delayed no longer. Taxes on capital gains from crypto transactions are set to begin January 1, 2022. But critics think that is way too soon, saying crypto assets need to be actually properly defined before taxes are introduced. And investors say the disparity between tax on crypto in Korea and stock trading gains is actually unfair as the threshold is set way lower for crypto. South Korea’s tax law was amended last year to include cryptocurrency, stipulating that annual crypto capital gains of over 2.5 million Korean won would be taxed 20% from January 1st, 2022. A backlash from investors and experts followed immediately, pointing out how the regulatory environment is not yet fully structured, especially protection measures for crypto investors and several lawmakers proposed bills delaying it by one to two years. On top of that, crypto traders argued it was unfair, as while crypto income over 2.5 million won or approximately US$2,100 is taxed, the threshold for stock gains is much higher, starting at 50 million won or around US$42,000. A blind spot to taxing crypto, leaving authorities unable to track peer to peer transactions, which could be used later on to avoid taxes, was also not tackled. However, the Finance Minister, Hong Nam Ki, said on Wednesday at the National Assembly that delaying the tax law will only cause market confusion. One expert told Forkast.News that crypto taxes should be no different from taxing stock gains. "The National Tax Service claims [crypto] is not a financial asset, that it’s part of “other assets” or “intangible assets”. Regardless of category, if the characteristics [of the investments] are similar, I think it’s right to tax it the same as stock capital gains tax.” However, Professor Lee agrees the tax should take place as scheduled, saying where there is income, there should be tax.

3. OpenSea has issued a statement admitting an employee made purchases of items before they actually appeared publicly on the site. While the statement does not identify the employee, a member of the NFT community took to Twitter to accuse the company’s Head of Product of allegedly using secret wallets to buy items ahead of listing, only to sell them on for a profit. The platform says it has introduced new internal policies to prevent it happening again. But it is about a wider industry issue. Speaking to Forkast.News this week, Cardano founder Charles Hoskinson suggested that’s not the only issue the industry should be wary of, saying money laundering is also a concern. “There’s a lot of evidence the Treasury Department’s been tracking. That’s where people are are basically using NFTs as a mechanism to legitimize unlawful funds. Just create an NFT. You buy it from yourself. You say it came from someone else. Oh, look, this picture of a stone sold for $5 million and I just made it out of nowhere. I have no idea who the counter-party is.” Unauthorized artworks are also something to watch out for. Hong Kong based studio, All Rights Reserved has confirmed with Forkast.News that a series of NFTs by the artist KAWS announced by Tron Foundation founder Justin Sun via Instagram have not actually been authorized.

---

#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #OpenSea #NFT #CharlesHoskinson #Cardano #Canaan #CryptoMining #Bitcoin #BitcoinMining #SouthKorea

FTX CEO Sam Bankman-Fried joins 'Squawk on the Street' to discuss regulation in the crypto industry and his reactions to SEC Chair Gary Gensler's on CNBC earlier Wednesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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