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Jan 25 7 tweets 5 min read
We’re back! But is the market? 📊This week in the @BSCNews[Letter] from @Kabezo7 📜 we look at EU inflation, more silly comments from CNBC talking heads, and the boys from #3AC are back in town!
Here's the recap 🧵

Don’t forget to subscribe!…
Markets were on the move last week, seemingly selecting bullish macro data📈

💥The bearish Euro Area inflation of 9.2% and hawkish warnings from Mdme. Lagarde were ignored while dovish comments by Fed Waller brought out the bulls, including crypto markets! 😬
2/7 Image
🏦@jpmorgan CEO Jamie Dimon, the new “Jim Cramer of Crypto,” was blasting crypto again at Davos🗣️ He likes blockchains, but not the decentralized, permissionless kind.

“Blockchain is a technology ledger system that we use to move information.”

Like a, um, database? 🤦‍♂️
3/7 Image
🚀Crypto markets were higher, including FTX’s FTT token +160% market cap $700m. Not equity, no utility, no claim on assets, just pure Sam coin.

In another crime scene, the managers of bankrupt crypto fund 3AC are looking to fund a new exchange, WHILE ON THE RUN! 😬

4/7 Image
👇The #3AC dynamic duo of #Davies and #Zhu have teamed up with the operators of bankrupt crypto exchange @CoinFLEXdotcom Lamb and Arumugam.

🙏Exchanges run on trust, which is in short supply with this crew. But their idea of trading tokenized bankruptcy claims can work.

⚡️Celsius, Voyager, Genesis, Gemini, BlockFi, FTX make for millions of claims on $billions in assets. Tokenize the claims and list them for trading.

It’s been done: Bitfinex BFX tokens from the 2016 hack were redeemed for BTC.

Get the VCs on the blower. This can work! 👊

6/7 Image
Happy Lunar Year! 🎑🌗May the markets treat you well. 💟We'll be back next once again!

Like & RT if you learned something new! 👍🔁

✍️ And remember to leave a comment letting us know how you think the market is doing!…

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More from @BSCNews

Jan 25
🚨The time has come! The moment is here! We’ll be underaway with Group A for #BattleoftheDapps in just a few minutes!

This round will see @realfevr, @RACA_3, and @staderlabs face off to advance and have a chance at the crown. Image
@realfevr @RACA_3 @staderlabs 📢If you need a refresher on the rules of #BattleOfTheDapps from @BSCNews, check out our article here!…
@realfevr @RACA_3 @staderlabs 👉For a full look at the first #BattleOfTheDapps for 2023 and the fifth time ever, don’t miss this article which shows all the projects and dates for this iteration. ✊We have some heavy-hittin’ projects this time around! 🥊…
Read 29 tweets
Jan 12
Catch up on the first week of action from this year across the markets! ⚡This week's newsletter by @Kabezo7 from @BSCNews explores how the market is moving in the New Year and bracing for ETH Shanghai Upgrade in March! 🎇

Get your fixins here! 🍤

Last week started and ended with a calm optimism 🌊

U.S. Employment data was a dud. But traders were looking for an excuse to rally and found it in the disappointing PMI release.

Bad news is good news, so markets for stocks, bonds and crypto went higher.

The Fed is raising rates to cool inflation. 👎

The PMI is evidence it is working. 😃

Rising bond prices = lower interest rates. Not what the Fed wants.😬

Atlanta Fed pres Raphael Bostic, uses the Dark Arts of inflation fighting by threatening rate rises up to 5.25%!🧙 Image
Read 7 tweets
Jul 3, 2022
In October 2021, @BNBCHAIN introduced a new mechanism called the #Binance Evolution Protocol—BEP-95.

The BEP-95 mechanism burns $BNB token, aiming to add more value and make its tokenomics more dynamic. The question is, how does it work? (1/9)
@BNBCHAIN BEP-95 burns transaction fees on #BNBChain. The system collects the gas fees and directs them to two different smart contracts: The “System Reward Contract” and the “ValidatorSet Contract.” (2/9)
@BNBCHAIN The System Reward Contract holds a maximum of 100 BNB. 1/16 of gas fees are transferred to this contract until the #BNB holding reaches the maximum amount. System Reward Contract funds are used for “cross-chain package subsidies.” (3/9)
Read 9 tweets
Jun 20, 2022
On blockchains, you can't create randomness since nodes must agree to form a consensus.

@chainlink developed a random number generator to address this issue using a Verifiable Random Function (VRF).

Let’s dig a little deeper ⬇️🧵 (1/7)
@chainlink The Chainlink VRF is a secure Random Number Generator (RNG) used by developers for specific purposes associated with Decentralized Finance.

The secure randomness solution is used by many protocols across #Ethereum, #Polygon, and #BNBChain. (2/7)
The Chainlink VRF guarantees smart contracts access to randomness without compromising security.

Every time Chainlink VRF requests randomness, a random number is generated with cryptographic proof of how it was generated. (3/7)
Read 7 tweets
Jun 19, 2022
Despite the lack of principal authority, cryptocurrency networks can be upgraded.
However, one of two different mechanisms is needed — "hard forks" and "soft forks.”

Before we get carried away, let's clarify what a blockchain fork is: 🧵 (1/9)
Let's first explain what a software fork is. Forks occur when software is copied and modified.

The original project will still exist, but separately. The new software usually has a different concept.

Thus… (2/9)
A blockchain fork involves copying and altering an existing blockchain to create a new one with its own path.

Several open-source projects used blockchain forks before Bitcoin and Ethereum became popular.

On to soft forks and hard forks: (3/9)
Read 9 tweets
Oct 15, 2021
Our cofounders @GoonTrades & @kcryptoinvest will wrap up this week's market rally!

Set a reminder for our jam-packed conversation that will start in 20m at 4:30 PM UTC.


#BSCNews #BSC #DeFi
We're live with our Cofounders @GoonTrades & @kcryptoinvest! Come join for the weekly recap!
"The Bitcoin ETF coming is a futures ETF. I've read some of the comments why the SEC won't do a physical ETF. There has to be a custody to buy and share the Bitcoin. So what if someone hacks the ETF?" @kcryptoinvest
Read 12 tweets

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