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                           StronGer ToGather As we move forward, it's crucial to acknowledge and appreciate the bravery of those who face hardships and challenges every day. Though the road ahead may be tough, with determination and perseverance, we can overcome any obstacle. By supporting one another and working together, we can create a brighter and more prosperous future. Let's remain hopeful and optimistic, trusting that our efforts will pay off in the end. The possibilities for the future are endless, and I'm excited to see what the future holds. As we look towards the future, we must prepare for the challenges that lie ahead. It is essential that we recognize and appreciate the courage of those who face difficulties and hardships every day. The road ahead may not be easy, but with determination and perseverance, we can overcome any obstacle. I believe that by working together and supporting each other, we can create a brighter and more prosperous tomorrow. Let us rema
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Investments Updates 15, August, 2022

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CryptoCurrency Market News


Let's start with a small knowledge to increase your CryptoCurrencies knowledge:

Decentralized finance - DeFi:

 In terms of narrative, Defi space is currently feeling the sands shifting from beneath with the core ethos of 'decentralized' and 'permissionless' being challenged right now. The US government made an unprecedented move to sanction Tornado Cash (Source: CoinDesk site), a smart contract that mixes ETH to break onchain links between wallets to improve user anonymity from doxxed wallets (also and unfortunately widely used by hackers who drained funds from other protocols). This led to a knee-jerk reaction from Circle, the issuer of USDC, to freeze USDC in wallets that interacted with Tornado Cash (Source: Cointelegraph site). The ability for a centralized entity to freeze assets on-chain is very reminiscent of TradFi-(traditional finance) banks being able to freeze bank accounts of individuals when compelled to by regulatory bodies. This leads to the uncomfortable question of whether is Defi just a nice, marketing wrapper over what is still essentially a centralized, TradFi entity and operations.

 

CryptoCurrency Market News:


$SHIBXM 

Okay for real, I won't tire from keeping my hopes high for this cryptocurrency,, every time people think it's a history and a long time dead with no hope of reviving, it proves otherwise, Shiba finally broke its 9-12 range, which I was waiting it to happen as mentioned in my previous post, now I expect to see mild volatility with an overall bullish trend, Expect to see new 0.00 breaks shortly, yes it may take a very long time to see Shiba trading @ 1 USD but this will happen for without any doubt one day.



$ETH

 The Crypto complex rallied over the weekend with $ETH touching $2k and BTC above $25k. Upward price action lost momentum on Monday when Asia equity markets opened softer on the back of poor China economic data which led to PBOC cutting 1y MLF by 10bps to 2.75% and 7d repo to 2%. Crypto reacted to the pullback in equities as well and ETH was back at $1,900. The narrative of the merge continues to exert an impact on the futures curve as detailed last week - ETH futures are in backwardation and September and October futures are at -8% annualized as the market continues to buy spot vs sell futures ahead of the merge. This led to continued ETH outperformance vs the rest of the complex. ETH/BTC is still a trading firm at 0.08.

 


$AAVE

 Several protocols, including the big lending giant AAVE, supported the move and blacklisted wallets with ETH from Tornado Cash. In an escalation move, someone or some entity sent 0.1 ETH from Tornado Cash into all the doxxed ETH addresses, hitting guys like Brian Armstrong and Justin Sun, among others. Sun complained on Twitter that his address is now blacklisted due to someone sending him Tornado'd ETH and unable to access AAVE(Source: Twitter). Where we go from here and what this means for Defi remains uncertain, but one key takeaway is that this shows is the complexity of sanctioning Defi protocols and the potential fallout from a blunt, 'sledgehammer' style regulation that hits everyone and everything. A fine-tuned, 'scalpel' style regulation that is more targeted and measured may be the better approach but it is always easier said than done.



what do you think about the new way of posting with a small CryptoCurrencies/Market knowledge and terms in every post?

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Crypto to keep a close eye on them in the coming days $BTC, $BNB & $XRP 


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A pharmacist chooses to continue business in his higher studies, following his passion of being in the top 40 Forbes list. Bachelor's Degree in Pharmaceutical sciences. Master's Degree in Business administration. Professional diploma in marketing and sales. Professional Diploma in retail sales management. IELTS: 7.5 Business, sales and marketing experience over 10 years in the promotion, pharmaceutical and advertising sectors Tech e-store: www.gamingasitshould.store

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