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Asian shares gain, cheered by US rally on hopes for stimulus
"Down 65 points. Things did close up a bit. Yesterday, the Dow industrial average gaining 2/10 of a percent closing at 26,008 15. Also the NASDAQ, closing up just a bit. Closing at 6, 10,072 and Asian stocks now rather mixed shares other than China advanced today, cheered on by yesterday's modest rally on Wall Street. There are still hopes here for a fresh stimulus for the US economy. Thank you, sir. You're watching
Stocks open lower with Wall Street facing a 4th straight weekly loss
"Took a nosedive early in yesterday's trading session after an uptick in weekly jobless claims in a spike in Corona virus infections. But stocks battle back that was unworthy. That stimulus talks, maybe on again in Washington House Democrats are now crafting a $2.4 trillion relief bill. Lot of divide still exists, though. Well, that led to a gain of 52 points on the Dow right now, the Wall Street On Wall Street. Dow futures down 78 points Wall Street on track for 1/4 straight week of losses. Wow,
Why NFTs Are Attracting Everyday People to Crypto
"Everyone's been talking about tease or non fungible tokens this week for those in the audience, you aren't sure what those are. If you remember Crypto kitties which were unique collectable digital casn I still think they exist. That's just one example Jake. Can you define what a non fungible tokens and then we can dive into why there's so much chatter about them. Now, absolutely, I mean the simple definition of a non fungible. Is a token. That represents a unique asset work to crypto currencies where we have many units that are all worth the same like if I had one ether Laura when ether those are you know they're the same value but if I had one crypto kitty and you had another Crypto Kitty, they actually might be valued totally differently your crypto kitty might be really scarce and valuable might be resume common, and so non fungible tokens they really represent this this. This class of unique assets that's out there. Into what's been going on with them recently, why has there been so much chatter. Well. As someone who's been watching the space for for a very, very long time for from the very beginning. When Rare Pepe? Images were to be traded on counterparty with it seems like about Elian. Years ago. It's a long time ago. How is before Cryptic Eddie's? I think what's what's actually happening is that the space of non fungible assets is maturing a little bit and what we've seen is actually a little bit of interesting early conversion of digital creators are creating art and collectibles and other kinds of NFC assets, and they're starting to trade them on marketplaces in the volume on these marketplaces is going up a bit and related to that I think investors have matured a little bit in their thinking about the NFC space and they've started to position in. Make investments a venture style mostly so far? In companies that are that are in the NFC space in it's been very exciting. And there's even a little bit of the yells farming thing going on within fifteen. So I think that's another reason people are getting excited because even though the crees has died down from the fever pitch, I still see. In it But you actually wrote a really interesting blog post about an of to any you had like another definition that you gave, which is you said that NFC's liquid intellectual property for digital content. So what do you mean by that? Yes. This is exactly. What I've been sort of saying is like most people have so far rushed off the NFC spaces. People trading funny pictures on you know on blockchain's. and. If you sort of thought experiment a little bit in you in, you start to understand a little bit of a kind of financial use cases that NFC's enable. You start to realize that if you take this view of teas as strong ownership of digital contents. Things get quite interesting and the first thing to observe is that there is just like a lot of different kinds of digital contents. Certainly there's certainly there's collectibles. But there's also three d models or metaverse assets. There's also stock photography. There's also blog posts that people right and then monetize through syndication. There's music on which artists earn royalty. There's movies which get distributed on platforms like Netflix on and so forth, and if you start to count up the number of digital objects on the Internet and in the world, you actually start piling up quite an asset classes of objects, and if you start to think of NFC's is being kind of a very fitting technology to denote ownership of these objects to denote the royalty streams of these objects on the start to get away from a little bit of the speculative aspects like, Oh, I buy Crypto, Katie I'm going to. Flip it to somebody else later, and you start to get into the more fundamentally valued aspects of of non fungible assets, which is like, Hey, maybe, I'll own the revenue stream to Taylor, saw Taylor swift song or album or something like that or maybe I'll own the movie rights to certain like digital character that I'll be able to license out and when you take that view of. NFC's as liquid intellectual property. What you start to realize is that most intellectual property doesn't live on secondary markets today, it's kind of liquid and what blockchain enables is the liquidity of these markets, and so the reason that I'm super excited about NFC is as an investor is I think that we're about to unlock a whole lot of value that previously has been in these non-traded like. Paper rights, but as about to get a lot more digital. So I have so many questions about what he said. But before we can into those, I do just want to make one comment, which is I notice near blog posts that you had a chart of different kinds of content and one of them said written content. And underwritten it was like movies and videos, and I was like what about articles and e books as a writer? I just had a point that you missed. Right there because I would not call videos and movies written content and and also like even just knowing your example when you mentioned blog post. So is like their professional writers to who like a living writing But. Anyway. Okay. So we were talking you were talking about if he's from the Creator's perspective, but I wanted to ask also. So right now as a consumer I already have you know multiple libraries of music that I can tap like you know music stream from apple or spotify or Pandora Soundcloud, etc or you know I can go into these different stock photography sites or whatever. So what's in it for the end-consumer like what would get them to make a switch? Because basically democratize is the ownership in in this kind of content, right? So if if you think about of stock photography site today like getty images or shutter stock or something like that, I mean you're talking about a private business that is facilitating marketplace between stock photographers and purchasers of stock photography like designers or making websites, and so on and so forth. And this marketplace model is exactly the thing that blockchain. Technology in my opinion was really born to to disrupt and what basically wh what can happen is we can replace that proprietary provisioning of the marketplace with a decentralized smart contract based system, which is exactly what marketplaces like like recently wearable have done, and we can give the ownership and the governance of that system to the community of people who are participants in that marketplace, and that's really really powerful value proposition that blockchain's in general
Yesterday's Short Trades Is Todays Profits
"Not only was it a good day because the fishing solder things, but it was a good day because there was monet. was money yeah money to be. Made. But you guys went was actually Did. The podcast so I can remember but anyway. Eight of. Those tried to set up Zeke Took it profit year beauty. All side I took tease. US Prophet you beauty. So yeah, it was It was really good dice him some good profits in this came about that I will to snaffle and take advantage of. So really buddy die I'm still by shortened by them by Toggle targets obtain hidden one has had a stop loss move to lock in profit, and this is the thing is. As the markets. Shine a little bit more weight nece at the moment. It doesn't mean that we still do. Well that's I really frustrates me when people don't understand is that you don't need to have a mock it moving Haya to do well. Gina you don't need to have. The market go up and up and up and up out you to make money I it's it's about getting in to a market. And understanding that market. Knowing what you looking at more importantly knowing what you'll looking full now as I, look at Bitcoin rotten now I'm looking at a market that saves I wanna go at the moment we we've got another low high and low allow you to go with it. So we we've got a four hour downtrend the Idaho downturns now they're the daily looked at daily could still pop up at any minute, but there's definitely selling pressure I mean we've gone from eleven thousand, one, hundred to. Ten, thousand? Two hundred. How to die hard on I. Don't know it's nothing to be sniffed out. So, you know it's important for us to keep that in mind and. If you not. To tried. That's just an excuse me making. I'll be honest. You can try you. You made a choice not to. and that's why you don't have to. But you've made a choice not to whilst amok foles you feel pine. You can feel a very different emotion and it can be a pleasurable one. Anyway bitcoin rotten out stand point three, percent yesterday closed down point seven, nine percent. Now, we still we about ten. It's GonNa be interesting to see what happens. Are we GONNA push down through ten not concerned we unless we break down through the all lows of nine, thousand, nine, hundred, twenty, one because it just Chinese the whole picture then back into a bit of a downtrend on a daily and the weekly also will add to that picture of that trending down I'm not really want to say that you know what I really WanNa see that. Ten Thousand Children Seventy three dollars rotten. Theory three, hundred, twenty, three dollars and ninety eight cents. It's down. It's up one her sent to diet was down seven, six, point, nine, percent yesterday knauss looking down to a matter of fact A. Quicker is one out. ooh. Man. For come back to that off the ways in a downtrend on that four momentum is definitely shifting bearish. And it's yes three twenty four much motorcyles exa pay right now break that support at twenty, two, point nine and twenty, three, seven mock that I spoke. She goes today. Look I'd love to say it pull back up into that low pull up into that region giving a little bearish candle off of that twenty sent market just be cracking set up but it's not to be further to go is point seven at twenty two point two cents Bitcoin cash twenty. Twenty are two hundred, nineteen dollars eighty, which was an old level of Resistance Asari support became resistance fell from their hod as a matter of fact, yesterday bitcoin cash was down five point five percent prog looking jot will to forty five right
Apple stock continues to drop
"We're entering the final stretch of the year in here we all with the five hundred virtually flaps for the year. So far guy in various shows we've talked about various iterations of apple being the king of the market apple being the tell the market appleby and the barometer. Here we are with apple down about fourteen percent. In. The past month. So what does that? Tell you. And I go back to some Steve set a week or so ago that you know he -ticipant at trading down to this or that ninety, five, ninety, six level and I happen to agree with them. One of three that we saw on Monday was a twenty five percent move from peak to trough. But historically, and there is history for this the sell offs of magnitude Annapolis. You've seen anywhere from thirty two to thirty, eight percent and I think you know that ninety five level probably put you right there on the screw so. What it tells me is as much as everybody you know I understand the reason you wanna own apple you just want to close your eyes their here's a stock that's given you many opportunities over the last decade. To get in at meaningfully lower levels than the prior all time high, and in recent past I, mean within the last two years a move from two twenty five, which was at the time it all time high one fifty and a straight line, and then recently I know this is pre split but the move from three twenty, five down to two forty and a straight line. So the stocks given you those opportunities and quite frankly we're on the precipice of exactly that again mill. You know you could two guys point that hundred day moving average is now ninety seven and apple, and you can to a guy just said before you can close your eyes and you've been rewarded with that in the stock for me I think those days are gone. And you'd want dip by as you said before, this is the ultimate buyers barometer. Now you have an upward moving two hundred day it's at eighty, four nine. I'm gone past the ultimate. We really get the sell off that I think we're going to get. That's the level Melissa that's going to be tested in apple and just think about how many people will get gutted in their idea, their brain, their emotions if apple traits to mid eighties that will be terrible for the overall market. Sentiment is is key here Karen especially when you're talking about a lot of retail investors to had gone into the markets in general gone into apple specifically wrote it all the way up and here we are I'm wondering if you think apple is as important a barometer for the market or if there's maybe something else on your screen whether it be a stock you own or not. That is a good tell for you on the market's direction. I think apple is still pretty good on the market's direction. I think long long all the way to the top still long probably by more trades down. If turns on further I. think it still is such an Americana Company and I think that the Nasdaq has obviously moved market up and it's now move the market down I. Still Think it's central to our all of our sentiments very widely owned retail stock as well. So I do think apple is still barometer but I think today I think it was a guy talking early that this fiscal. Floor not being there I think is increasingly important Kudos to Brian Kelly for calling when it really I felt it was very very likely to happen now likely. Yeah. I mean that seems to be out of the market at this
Stocks fall as tech remains under pressure
"Under pressure with large cap tech really fading here. How's currently down. 507 point says he's dropped 72 NASDAQ is lower by 2.8% US tenured at 0.67% Gold is down 40 points Transport's fall 100 points and among the main 11 SB sectors. All were in the red, led by declines in energy, tech and realestate in the Tao. Only Nike and Jay and Jay were in the green, while sales force Apple and Chevron leads to the downside. In other news, Tessa suffered a complete network outage. Good Rx Open at $46 A share by PO is priced at 33. And zoom video topped $500 per share after earnings. General Mills you wanted just GPS beat the highest estimates and wrapping things up here. H B fuller reports after the balance.
Market Update with Alex Saunders, Nuggets News
"We just recently had bitcoin cross twelve, thousand dollars it ran up you know to to grand over the course of a weekend pretty much. While big money was asleep in, you know out on their yachts. And then it came crashing back fourteen hundred dollars in five minutes who's responsible for these kinds of moves behind the scenes you've been around forever. Can you give us any kind of insight into why bitcoin can be you know more exciting than ever pay pals on board US banks have been cleared to get on board why would there be a fourteen hundred dollar price crash in five minutes? So. As you say up in which the charts like daily, since two, thousand, twelve and. Becomes always been volatile because it it's hard to like get specific value and it's always despite some sentiment narratives. But now we've got these hundred x leverage which dominates trading in markets in volume and a lot of other things are getting their prospect. David from from mix in the lock. So I really try to particularly begin did not even look at that price m a lot of people always say that and not to worry about it but honestly that number on the screen now that we're getting from these hundred exchanges is just not relative. So if you arrive with negotiating OTC you, as you say, we'd probably be negotiating around eleven thousand dollars somewhere in the middle, but we're not wired about the day-to-day process if I'm going to buy million dollars of becoming a few on the weekend and it feels funny. Way Not rookie out Monday in on paying twenty percent less negotiating on seven I average price or something like that and that's why people really need to think about it because these big wild and try it is that you know the K levels that everybody's watching they know everyone stops even some of the exchanges that had against their own customers or whatever. So they can push the crossed this level of volume in liquidities inner on weekends where we've seen a lot of this stuff. You low time it gets pushed up on the weekend, and then he gets sort of smashed back down by Monday morning and it's just these guys. They can push markets around. So Tokyo don't worry about it too much. Yeah outlets, good advice and I think these derivatives exchanges is probably the biggest difference between this bull run and the last one. In fact, the very end of the two thousand seventeen bull run is when bitcoin was launched on Sami futures and bit. Mex- came to live like the literally the day of that was the top of the market. So with these with the huge money being able to make profit in both directions and manipulate things almost in three. D.. As opposed to two D now is holding dead or is that still going to be a profitable strategy for people that are just trying to get into crypto? Absolutely holding is still the most profitable strategy in Atto Ole as I really think you should just be dollar cost averaging into to join the May I'm a huge belaboring Theorem as well, but I guess that's up to you whatever ye locked. But over time these markets growing to an enormous market cap and when you zoom out, it's almost slightly SOCK on as low shots that we look at because of the exponential growth and people just. Tied down in the Diet a diet. All should aboard here or crippled he. Never, GonNa beat the bottom never gonna peak the top and you're getting get shaken outy few wiles. Enjoy the ride, use it to your advantage. You know set some low beads exchange, review the computer. When we have these thousand crash, you know just by a little bit extra from adult cost averaging stack because over time the wires cannot manipulate the process. It's it's going up into the rot as long as we continue to grow, which is going to grow into the trillions of dollars among cap for Bitcoin for these other leading particles. So use that. To your advantage Derby August football, even nowadays fustrating. one-sided caught a thought that we've got to leverage bitcoin people. I'm going to speculate outside D two, thousand, seventeen. That's something that was seeking is GonNa play out but then we saw excited like FDA at high leverage on these outs. So it was like a guy will allow people to. Try to outs on one hundred times leverage will I guess of course, the gravy and you might afford you in Allah and that sort of Chinese and now it's like twenty seventeen on steroids I think he's really going on honestly think that we're about to say all the robinhood tried his diabetes detritus. Most. Countries than we sold, the nasdaq-listed Company mockery strategy put money to bitcoin notes. It's to be I and now wants to be lost. We've seen that now with legendary invest poultry to giants I think we're GONNA say we'd State actors like governments or Central Bank somebody's going to be first and then that he's GonNa, stop the peaceful run lost
A Top Crypto Exchange CEO Explains Why The 2020 Boom Is Different
"I'm really excited about our guest today a very important player in the industry, of course, over the last several months along with everything else everything's going to the moon these days stocks gold. Bond you name it. CRYPTO currencies are no exception and it feels like there's certainly the most amount of enthusiasm that we've seen in. CRYPTO price in the the boom in twenty seventeen, and still the questions are remain in. There's still plenty of skeptics. What's it forward this all going is this just another bubble that will burst like last time though we're going to dig into some of these questions today very excited to bring in our guest Catherine Coli. She is the CEO of financial us a crypto currency exchange in the US, a wholly owned subsidiary. By chance to one of the biggest crypto currency exchanges in the world Catherine thank you very much for joining us. Thank you so much. Really excited to be on. So I do remember last time during last the last boom twenty-seven teen We did see the emergence of finance, which is the company that owns you just what is the structure and relationship of finance and financial us. I hate to come out of the gates correcting you on a couple of things, but I'm going to so okay, that's fine. That's fine. So binavince DOT COM, it's a global ecosystem that really has been around for the last three years at really expanding the access around the world for people to engage with digital assets and around last year in the summertime. I joined to become the CEO Finance us which is actually an independent. Entirely run out of the United States with the ability to license the technology that finance dot COM has. So you think about matching engine, the tech stack that's really there. We're able to really bring that into the US as well as customize it entirely for an American audience. So when you think about a Crypto crypto global platform, so many things are so different in the United States, the on ramps. Ach Debit cards, wires, all the dollar components. So everything has to be custom fit and made specifically to the US. So that's really where by Nance US comes in the other components are US regulation. So in terms of violence us, we're a registered with Fincen we have a are regulated by the state level with the money transmitter licences fully operating in thirty eight states the newest state in Florida and so everything we're doing is in line with the US regulation. As catered to in American user. Got It okay. With that out of the way and I appreciate you clarifying it and I want people to understand what the exact structure is. Let me start with what I see is sort of one of the issues or problems with the crypto currency industry writ large as a market and. I want to hear I'm sure you'll disagree with me but this is this is something that I think about a lot so. Late. Twenty seventeen or you know people started getting like super into Bitcoin also a theory and maybe a couple of others. And then by like. November and December of that year suddenly the market was just flooded with supply and suddenly it's like and now here by some bitcoin cash and then here by like eight more heard forks of bitcoin cash. Oh, and there's like fifty other. ICO's. So basically you have this thing which kind of started off essentially as bitcoin and bitcoin alone in one of the big selling point was the fact that is unique that there's a fixed supply of it but then the industry strikes me as manufacturing. So many new assets to capture the demand for crypto and so suddenly exchanges become in my mind flooded. With new coined new project very fast the incentive for new players is not to jump on a project that say already gone up ten thousand percent but to start a new project that could itself go ten thousand percent and so then eventually it all of comes crumbling down because the investor the end buyer is just sort of choked with us so much apply and so am curious if you think that phenomenon Israel it seems like that way to me and are we seeing it again this time with the numerous the hundreds of new coins that seemed to be emerging onto the ecosystem every day. You hit the nail on the head. So when she knock Komodo came out with is in the or imagination for a peer to peer network with this scarce. Asset You realized that this would be absolutely possible assuming no other coin was manufactured. No other supply came in to dilute it, and this was the only way that would be. But. You forget that humans have a competitive need, and so we really can't take people away from building something that can be better stronger or better marketed or cater to a different audience, and so you're going to always see people try to riff on it or a fork as the The industry says along when you're using the same elements of a blockchain, just rebranding it and so with that I, I agree with you that it does seem like, oh no, I can't I can't really see which one I'm going to be involved in, but that's really the element that we face in all things in life. I it wasn't the Coca Cola was the only carbonated beverage that was out there. You are always going to see something come up new something that can either be capturing a new market audience or something that was gonna be delivering a different need so that that's really where I see the human need for competition continuing and we have to accept that. The best part about that is you get innovation so where there sings like the birth of the theory on which then has led a c. items as humorous as Crypto Kitties, and then as impactful as stable coins, you're also seeing it changed the way were were seeking yields now. So you've got different components that are letting people really evaluate industry can change the game
Bitcoin Dominance Increases
"Trading. Wise. It nothing really neglected the markets and the felt damn good. Every day just tighten awakened away from from the shots was read honest refreshing thing and it's brought me into position now feel better about looking at once again. Yet. So it's been good as far as the mangams consent of talking about eleven thousand, one, hundred, twenty dollar mock around that region, which was the also pull level as before the the full bitcoin fell and you know we we have found resisted that level. We bounced off it on. What was Saturday. Pullback yesterday we're up point four, percent yesterday were down one point five percent. We actually close the wake up five point, seven percent, which is a pretty good week following on that cradle break it's a, it's a good week No complaints from me at all the markets have been a little bit slow for the traders. There was a couple of good trades on the I think it was five, four hour las not. The showed up It was at six PM Bob Wilson. Wasn't. So I wasn't there They look quite good. Right now, I was sitting at ten, thousand, nine, hundred, sixty, two save push up through the high that was created on. Saturday. Leading thousand, one, hundred, ninety, five. Thousand two hundred, we got three there, and hopefully we can say goodbye to that resistance and get a good run on get some good trends BEC into play because it has been a little bit. LASTA over the last few days and that market hasn't done a great deal of moving locker said ten, thousand, nine, hundred, and sixty one point four percent rotten. Now, a theory is still very sought look at realistically needs to get about four hundred. That's the point where I think we might see some is there on a theory of the weekly. Dig Close, up not by much one point, two percent were up twenty, three, percent three, hundred, seventy, three dollars raw now little market. I'm really jumping up and down to try to the nor is exa pay, which is currently twenty four point six cents flat. On yesterday thus far the weekly Kennel it did close up. Enclosed at one point, eight percent. So a little a little pop of wind to the upside, their daily trendies office it's very average. It's not. You know it's not exciting me in any. Sense, of the word. Bitcoin. Cash was down yesterday solid three percent closing at two twenty, six, twenty interestingly the weekly a dig close up. But again, only one point eight percent against showing that bitcoin dominance is starting to return to be the perfect storm that potentially that will speak to you about in just a moment. Bitcoin to Bitcoin cash to twenty, seven, seventy five, which represents a point senator sending so far on the dye lot finished the week actually down, it was down two point, two percent it closed at forty seven dollars and nine saints. It's forty, seven and fourteen, which represents a point one percent. It looks very wake at the moment that thanks said you could very easily push up. It's GonNa get three, fifty, one dollars thirty four to get that trend looking. The why? Though I want to look full for to be essentially reasonable for me? It's not there yet, and until we do get there until, of course, we full further It's not trying to make base again bit of the of a good full yesterday I fought the sent Dan it's a market that I'm watching this show is it was down lost weight five point seven, three percents. Well, it closed one hundred and fifty three dollars a ninety, six percents and look. It it's in a daily death. It is a daily down trend is a weekly momentum down the to our. Quite, good there on faith cradles physically city. They're just waiting to see how that goes throughout the and save account. Get anything. It's a one, fifty, four, fifty, five, point four. percent. Today. Cod Donald. Love to see a low coming here in a push up through that ten cent motte to get daily trim back into. The swing thing. It's not done that It was Dallas weeks pretty heavily six percent Pretty heavily considering it was a sly wake at sitting I point nonsense rotten now bonnets. Lost Weight was down fourteen point nine, four percent closing at twenty, six, thirty full. It's on the twenty six, thirty four right now which oversees. On, the Diet and yesterday down three point three percent bonds will sort of get his engine running again on. I'm sure probably will if we get a bull market but there's nothing that fraternity for me at this time of also very flat the weight that was was pretty average. It was down two percent very, very little volatility on a US at the moment and Sorta does it. Will Spike that way its up point four percent rotten out to sixty three cents. But Very Saad wise. Not Try to
Defisafety: Quality Audits on Smart Contracts in the Ethereum Community With Rex Hygate
"I actually started looking at three right after the Dow which was really cool. But and I just looked and then in early twenty, eighteen, some People from consensus reached out to me, and we were chatting about unrelated things. But they said if I wanted to do something I should go to Hath on. So I went to at Denver in two, thousand, eighteen and there I meant Bryant and we started secure dot org which was focused on software process. Documentation for making. blockchain software because we saw a lot of similarity some an aerospace guy. We saw a lot of similarities between aerospace and we started focusing on that. and. That went through twenty eighteen and then kind of fizzled crypto winter and such, and then defy safety. Dot Com is a covid inspired business because I got. Finished with my day job and suddenly had a whole bunch of time and. I wanted to see how I could contribute in. In blockchain as it was coming up and I'm not really a financial guy, I'm not a coder. So I took the roots of. The. Concept of secure breath looking at the the the testing process in the coating process and the documentation process and from that I came up with. The idea of defy. Safety. Score through a device safety audit and I invented the process and in July we went live and I think we've got twenty three audits completed now. What's in these audits? Can you tell us so? The audits are a sequence off questions in four sections. I look at the executing code, the code on the blockchain, and it's things like is the code there can people see the addresses and I only look at publicly available? On its publicly available information. So information on the website on the get hub medium articles but stuff that. A user can easily find if So I. DON'T I try not to look at private stuff and then it's is the code being used as it verified does it match what's in the Software repository is a software repository healthy that's one section. And then encodes in documentation rather it's like. Is there a white paper? Are the requirements documented like have? They said this is what the thing does it a separate document other than the code. And does the requirements or that that documentation fully relate to the code? And then is sufficiently detailed in in comments in the code and is possible the. Aerospace real aerospace like thing. Can you trace from the software from the requirements to the code and to the test like did they put it traceability and that's something that I would say most people don't do yet. And then I have a set of questions for testing and a set of questions for arts. and. And who's the main audience for both like consuming these things as well as going out in like purchasing these things. So, the main audience are users of defiant products and it gives a level of trustworthiness of the code and down in one number percentage and a color red yellow green. So. That's my main target market. So that people have an idea of whether or not you should trust A. Particular application are they being public? Are they showing their? all the information that a normal. As during product would show. and. The obvious question here, which I would ask if I was listening to this or thinking about getting one is, what's the turnaround price of something like this like what was as a user? If I, if I care about our project I, don't understand. Potentially due diligence, but I'd like someone to help me do it. And I want to maybe invest I would like some stronger confidence interval. On something like that like. How soon, I'm going to be able to get that if I come to you and how much it cost is it worth it for me to do that if I'm going to invest in something. So we're still we've only been doing this for two months. So wouldn't say we've got a real market price. It will be under five. K.. And generally results can be done in about a week. Depending on how many people in what I'm working on at the time big. Roughly, so it's a relatively quick process and it's not a an awful lot of money in order to be able to go through the whole process and what comes out is a report. Detailed report looking at each one and then You know you can for a developer wants to improve. You can sit back and talk about it and and. Often there's very simple ways to improve. Sometimes if you're looking at adding documentation to your code, it's we'll take a real investment in.
Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank
"Today's guest is David. Kennedy CEO of Crack Financial Welcome David. Hey. Thanks for having me on. Laura. On Wednesday and cracking announced that it was the first crypto currency exchange to win approval to launch a bank congratulations. Thank you. It's a big day for US sister Yup. Well, we'll crack and financial the new subsidiary being launched be able to do with this status. Yeah so there's a couple of. Objectives that crack in launching this. The first one three well, the first one is regulatory. Look. We're going to be in a much better regulatory position here as a bank in a consolidated fashion without having to go state by state and the money transmitter regime or something like that now. We're also going to be as a bank to conduct certain activities that we wouldn't otherwise be able to such as serving as good control location for custody. The second reason we're pursuing this as because of infrastructure, the bottom line is the digital asset industry has challenges getting good banking partners. Now, Kraken is fortunate enough to have very solid third party banking relationships, but the fact of the matter is it's still very important for. US to get direct access the federal payment system and be able to integrate that seamlessly into our customer products and experiences. Now, the third reason is this an entirely new product and distribution platform. Again, we can offer products that we would otherwise be able to as a non bank and serve customers at such as institutions that we wouldn't otherwise be able to search. So for those three reasons crack and found this very attractive. and. So from the consumer's and or from a crypto users and what will the new crack and financial mean for them like what will they be able to do that? They couldn't do before? So for existing customers of crack at first, they won't motorist too big of a deal. They'll be regulatory update on the back end of how we're interacting with the different agencies in the US. But then we do expect them to see certain quality improvements like I mentioned before we are going to have direct access to the federal system and able to more seamlessly integrate funding and withdrawal mechanisms and payment mechanisms into our products, and so they should see an increase in quality of customer experience and perhaps a. Cost benefit as well, and then the really see the difference once we start launching products, things like a debit cards backed by digital assets, things like staking things like IRA accounts or other tax advantaged accounts things like a wealth management investment product services. The list goes on and they'll see that institutional customers roles is the big difference because we'll be able to offer qualified custody and other similar services and qualified custody would mean like for hedge funder something where they're doing that on account of accredited investors there. Last craft, and then also there's the separate but related notion of serving as a good control location for broker dealers for clearing purposes. And what kind of CRYPTO assets will cracking financial be able to hold for its customers in? Do you expect to approve those one by one or does it as I'm sure you're well aware I doesn't have to stay away from assets that may be considered securities, which has been a major concern in the industry over the past few years. Yeah. So I think it would look a little bit similar to how at first how cracking does it today which goes on has a framework and risk assessment process to go through different types of assets that are supported by it services. And as we move to the bank that would initially stay the same that said there's a possibility that we could expand that last because a bank can actually deal insecurities and commodities unlike a money transmitter or something like that. So even to the extent that there is a risk of a particular asset being deemed a security were still able to support it as a bank. So. What would you? How would you say that that would combine with this current trend? We're seeing in defy where these new tokens get launched very quickly and very very quickly become a huge market cap coins and we are seeing other exchanges such as coin base launch, a list, some of these quite soon after their formed would we expect something similar from crack and financial? I. Think it's a we'll have to see how that plays opposite new trend and the bank is just for me. I think there's two ways to look at it. One is what's going to be occurring on the track exchange and obviously that operates globally and so it's at the craft exchange level or at the and financial level and then in what jurisdiction and so obviously there's different laws and regulations and others similar dish last exchanges do the same thing. It's available in some jurisdictions and not on. So yeah, we would love to be offering things and assets as they come out as quickly as possible to the extent that they are reasonable and suitable for our customer needs obviously customer protection and the safety and soundness of our institution are absolutely paramount.
Fed Signals Low Rates Likely to Last Several Years
"Yesterday about the Fed, indicating it's going to keep rates near zero through. 2023 warns US of risk of the economy because obviously Fed reserve chair Jerome Powell. Eyes flushing out what he sees down the field here. The aim set out in what they call a federal Open Market committee meeting. Eyes to return. The labor market is something like full employment to get inflation. Teo moderately exceed its 2% target. There's a reason for that, because we have to have a stable prices, a cz well as stable, a stable interest rates. So suffice it to say that we're a long way off. Still, because even though the fact that we've got 11 million people that have been rehired That's only half of the total job losses, and that's why the Fed, it's still sort of wringing its hands hear good news is that inflation remains well low below the 2% target. Despite The recent uptick, so we're in pretty good shape. Their markets are going to be a little bit volatile. Today's day. So buckle up coming up on 7 20
Today Cryptotraders Could Be Busy
"Tonight's looking good today is looking good bitcoin play the game yesterday it pushed onto another daily high pushed higher trendies day we grinding why? Grind Grind Grind, is what we? Currently. Doing and look I tell you what? It's It really does look could. Let me visit numbers? We got two, thousand, one, hundred, seventeen, all thereabouts thereabouts that he's effectively a A point of resistance that was a support level that I raised my orders to buy Bitcoin It's come back up towards it tapped on. Yesterday, it just tapped a little tap tap tap. TAP. Aroo. And now. I'd love to say that level guy we get through that level and we stopped to get a lot more going on a lot more interest and bitcoin will the news that's coming at continues to be stronger and stronger and stronger we currently from those lives that we saw. In the full which happened to be nine eight to one way up twelve point, two, five percent from those lows. So the last three days have been pretty pretty conscious nothing major nothing major but let's get back to I. Think it was Monday Monday. Will we all right now we're up nearly seven percent. Or thirty seven percent thus far actually the best way to do that it's just a little weekly six point six percent the guy. And this off the weekly. So I just gotTa plant in the minute now, willy pushed through today will we see bitcoin pulled back a little bit and give us that or low on the high timeframes twelve-hour will the daily before we go through? That's the probability that I'm waiting to save plays at a couple of tries came out yesterday that was one on that was one K B while. X which is perpetual. Okay. B. p. e. By Doing the thing that look right now you know. BITCOIN's momentum guards at starting to look a little bit dangerous. He smashes through that resistance plays going the whole of the top ten is lit up wrought now and looks superb arts bitcoin eleven thousand and thirteen dollars a half percent to die look yesterday. Let's not forget what Adidas I did go all the way out one point six percent closing at ten, thousand, nine, hundred, fifty, five, loy eleven, thousand theorems pretty a pretty good. Push out of the Guy Fawkes up three point seven six. Now, we're only one hour into the trading day and the three seventy nine, point six, three yesterday was flat and do anything except pay another one stop it's pushed hard full percent at twenty five point, six cents we sitting at right now starting to see that momentum increase once again, mole bullishness coming across these top ten bitcoin cash yesterday was damn point three percent today currently up two percent to thirty fuss what seven zero locking up three percent today. Yesterday. It was down one point one percent. It's at forty nine dollars and twenty three cents vase at one point four, three percents still one of the most ugly shots in the top ten. The, right. No data bats up one point four percent at one, sixty, five, forty, four. Donna closing in at ten sent me was down yesterday was only down one point seven percent today so far up two point, five percent bonds had bullish cattle in the cradle dot closing. It's broken the high of that now that doesn't mean tried to vital to me right now. It just means it's done something. It's I didn't get along on that tried to it because it wasn't there. There was low a high hall I don't play that game. Ply The guy, a tried trend. The trend wasn't set. We currently twenty dollars twenty one, one, point, nine percent on the day. Saifi ails would. Up One point two percent rejected the lows yesterday at one stage the law two, dollars fifty, seven, a closet toodle seventy one, point three, it's up two percent of the minute. Two hundred seventy six is what you WANNA theory else full length is up three point five, six percent off the being down one point out yesterday we are eleven and twelve cents holding again above that ten dollars, he's a story of the day thus far. Off Donald, my scans Adema scans across the markets that I like to try. On the full list full scan, it's Now seeing green lit up everywhere at the moment really really is a positive looking stopped to the dialogue full of so other continues to kick on. But if you look at the daily shots, there is a potential for lot of these dialing shots to have a high low in a bitcoins already continued movie it's dominated. than any of the others as far as moving. Hi, this way cerium look give if we can get above three ninety point seven, one, the high blood of high lows, but they'll be. Then we'll have an uptrend
Snowflake's Stock Price Soars in IPO
"Welcome to pass money a blockbuster debut for the biggest. IPO. Of the year cloud companies snowflake pricing. It's public offering at one hundred, twenty dollars a share closing at two hundred and fifty three dollars a share that is a gain of one hundred and eleven percent. But this isn't the first time. We've seen a monster move in public debut. Let's get to Bop Bassani with more on that Bob. Hello Melissa see you. So you think snowflake over one hundred percent of its first day is a big deal. Not really there's been plenty of companies that have had I ate POPs bigger than that this year loan and they include just take a look here. Biotech firm cure back was up two hundred and forty percent on its first day of trading software as a service firm big commerce up to one hundred percent biotech firm. Berkeley light of nearly two hundred cloud company and Seino up one hundred, ninety, six, percent insurance fintech firm lemonade up. Thirty nine percent on their first day of trading what they have in common is there either tech or biotech firms are they outliers marginally but the first day pop for IPO's this year is notably higher than usual. So the historic first they pop for an IPO usually about fourteen percent. That's. Historically but not this year the average I stay pop in two, thousand, twenty, thirty, six, percent. What's going on? It's not stocks are cheap. The multiple of tech stocks are historically high people are willing to pay more protect because there's just a higher degree of risk appetite out there, and if you're suddenly inspired to start buying these high flying IPO. Cautious. About this look after the first day the post first day returns of other high fliers is not encouraging. So there's been eleven IPO's this year that have popped more than one hundred percent. On the first day they have average a minus, one percent return from the first day closed forward. So be very careful Melissa here big pop on the first day for some of these. But after that very difficult to maintain continued momentum most about you bob thank you good to see you Bob Cassani and who is holding the bag in the aftermarket when these Ip has declined from the first day pop guy probably the retail investor this has been the story of the issue markets. Began though and it continues today. So. You wonder why people get exercise when they see things like this is exactly that I mean I'll say it I'm not. I'm not a banker I never was a banker and I'm sure to upset some people by saying this but. There's no way to put it other than the fact that this was completely misplaced. Now I'm sure the great bankers are J. P. Morgan and Goldman and whoever a city I think was on this deal and company will say, no, we price it right. You can't tell me that a company that has a seventy billion dollar market CAP, which was open it you know price at one twenty and tripled almost in price and had to be halted its some point today for price volatility was priced right and the people watching saying, how is this not a game I? Get it it it upsets me as well but that's the way the business works in that to me is problematic mill. Why does it upset me? WHAT'S THE PROBLEM Tim i? Think they thought it was valued at something investors in the market. Thought it was something else I mean that's the way the markets work right? Again, though it's it's it's terrible price discovery because you have some sense and bankers WANNA price and the companies want a price that deal that leaves him upside for investors but but to be clear this is three times more at least the guide from last week and so the the question really is, how can they be so far off environment where we know people are paying almost anything for growth and actually wear and cloud services but but ultimately, I think the real question is who gets access to this. IPO and the thing that's troubling is that this is not a fair game. And the allocation process is one that makes sense that there are plenty of opportunities for people who did not deserve big allocations to get them and I realized this ultimately. The dynamic of a company. First of all will say I want a certain institutional investor base on my cap stack and those are the people. I want my deal. I. Don't want certain people. Read investors typically are not the group that companies want There's a perception that they're going to be in their flipping those stocks faster. The reality is that there's a lot of hedge funds. They'd probably flip this thing aggressively today. So again to me, my issue is with the allocation process and that it's not. It's it's not a fair process maybe it's not supposed to be asked the bankers that because I think that's what this comes down to to be fair. There are some companies that actually say in the allocation that they want a certain amount to go to retail trading firms like a td Ameritrade for those firms. So then Dole out to retail investors but gosh, I think to brings up a good point in terms of the average per se popping thirty six percent this year that really shows you what this market is these days the search for growth and what investors are willing to pay for that growth. Yeah, and also you got to you have to factor in we're in a different environment. So the offering price is different than the opening price, and all of that is based on interactions with institutions trying to figure out supply demand while everyone is filming from podcast or from an ipad in their home. So it's very different than last year. Very different. The whole IPO process having said that it really speaks to the reach for growth. So, if you have the price action that we saw today. Think about it. It's Tim said you want to have if you're coming out as a public company, you WanNa, put your stock in institutions hands where they're less likely to flip out of that stock on the day of the. IPO. And that's where the whole system. Might be flawed, but it's worked this way for a tremendous amount of time, and there's always going to be a problem with any system anywhere.
Bitcoin Dominance Theory
"Let's do what we don't discuss the mock and what's going on because yesterday we did say bitcoin pretty good troy and I'm going to call it a try. It did full through as hyped with the diaper, which was up three point three, six, percent gutter pretty kate levels there, and we are holding above ten thousand, five, hundred I'd like to say a little bit more Gas. Star if you will from bitcoin yesterday, what we closed up a percent, we close at seven to ten, thousand, seven, hundred, ninety full. Now, what does that mean to me? Or. Quite simply put what that means to me as well. It gave a little back didn't amazed. At one stage, we were up roughly tune off set. And we pull back away from those highs. We did. We did come back about one point full percent. We did touch a high of ten, thousand, nine, hundred, thirty, three as we saw to approach that eleven thousand dollar mark and I think if we can get through eleven with, we really are starting to look better. It's it's just crawling. is not doing what it did. If you recall back through the end of July twenty seventh paying the mind where we sort eleven percent, we did say some increase volatility back into bitcoin with multiple falls and falls in sixes and that sort of thing percentage moves. It really has slowed up. But It still looks good. It's just a little bit. Now, the real interesting thing that I've found with the market lightly. And I was speaking to my. To the people that were in the live trading full of warning about this. I was looking at the bitcoin dominance. dude look at the bitcoin dominance shots from the top of my list of sudden missile got there and look over the loss and just can't seem on. This particular child doesn't move very much. So when I tell you that too, it's hot out full point one percent that's actually quite a decent move. It doesn't tend to have massive dice big one percent or a big dies won't percent yesterday was one point four percents that was a pretty big die. Bitcoin dominance using up point four percent now. The reason that I bring this up is it's actually important. There's a lot of things that I have saying when it comes to trading crypto. Remotely mostly when Bitcoin Sideways, what we ended up having is will have oats that work. Well, the FI trying to they taste say becomes a really good option. You know we we can short Xiv we can go along against that market. We'd leverage with spot we tend to say some really good moves. But at the moment. It's not sort of being the case we saw Bitcoin at ten thousand hanging around there and we we really didn't have a great deal of good trends. We did which the spark a big move but like a site spock's moves like they weren't exactly what I was, you know what I considered to be optimal trading conditions. So at the moment. Yes know looking at a A. Little, bit perplexed by what's happening. It's almost like a different dynamic is coming in. Now the dynamic that we haven't had of light has been bitcoin really having a good move member. If you around back in two thousand seventeen, typically ALZ would go up and the money would come and go back into bitcoin and bitcoin within takeoff and it would be a bit say so it was only for. For six months. Leading up until December period. Now. That's the only thing that we haven't seen really strong bitcoin words. The tykes back the throne and so does his hang on, hang hang on bitcoin ongoing now it's GonNa move. Have it saying that? Will we see that will full but it's just a theory on putting at sharing my thoughts on what's going on what I'm saying out there in the mock would damn point seven percent currently on. Bitcoin. At ten, thousand, seven, hundred, ten. The theory looking a lot weaknesses will show when I go through this. You'll say the ALZ even the top ten or thereabouts of have really had a bit of lead been lacking. Three point five percent down was a theorem yesterday. That's what it closed that closing at three sixty full one full and it's now down one point five, three, fifty, eight, point, six, two. So it looks more Barrington bullish except play fish that down one point nine percent today so far has sparked low that were twenty three point eight cents yesterday was down one percents and nothing too drastic yesterday as a matter of fact, the selling in exile place it'll happened to Hoffa now around that open time ten I am we we did say come off quite significantly good two and a half three percent at one stage it has since bounced back on Bitcoin cash now. Yesterday, it was up four percent today. It is down two point eight percent giving back where twenty, eight, point, four, five, and again looking pretty average their lot Quan as well. Yesterday, it closed down one point, six percent of forty eight dollars and thirty three cents. A pretty average looking shot needs to get about fifty dollars really. Could we setting high potential to push US hi through that it's forty seven dollars and seventy one cents at the moment base via up by one percent closing at one, sixty, five, seven, three. With down two percent at one sixty two right now and not much going on there either car down rolling over quite nicely. This could be potential opportunity for shorting on those lower timeframe. So they sitting at nonsense down two and a half percent yesterday closing three point six
MacLane Wilkison: NuCypher Proxy Re-Encryption for Distributed Systems
"Using them. What are some of the hurdles that you've encountered in getting people to understand the value and utility of privacy preserving technologies, and are there some things that just most people will never really be able to pass off? The unfortunate reality of trying to sell technologies enterprise is that it's much more about like the enterprise sales mission and how good you are, how good your Oregon's at that that it is about the technology. So do you have sort of enterprise sales or they can reach these customers that can reach the influence these decision makers there's a whole lot of sort of comedian and bureaucracy to get sort of particularly something like this where it started touching their core infrastructure and encryption is very sensitive and it has regulatory and compliance implications for the end user like there's a lot of layers of approval that yet to go through. To go through compliance, they're going to want to know who you're institutional backers are they're going to your existing customers are because no one wants to be like the first bank to adopt something and then goes wrong. I think like if you're building enterprise -nology selling top down to CIO or. It's much less unfortunately about like the technology and much more about enterprise sales motion and whether you have that expertise inside of the organization and ashes not I think for for me not really a salesperson that's not something that I'm especially particularly intrinsic interest in. With Zero DB, what were some of the like technology that you had to use their? What's it like and how like related to sort of stuff you ended up building at new? Cyber. So she was actually quite simple. So it was an encrypted data end to end encrypted database where you encrypt everything client side before you uploaded to the server and the server never see the plain text data. So usually when you say that people like Oh, it must be like fully home orphee encryption was not it was much much simpler than that. So basically we would. Like remotely and incrementally traverse like a B index. This index clydeside sent it to the server, and then like we want search for something, we'd ask the server for the you know the included root of the tree fetch that down decrypted that we know which branch of the tree to go to next and we just basically do that. So it was pretty simple and kind of a little bit naive. It wasn't nearly like a fancy like fully morphou conscription sort of on everyone is looking for. Sort of like a client side search but like a smarter way of doing it basically. Exactly so like you couldn't really use it for applications that were performed sensitive, but you could use it maybe for things that you didn't really need to get a result back quickly. So the use case that we were pitching to enterprises, you can use us to archive stuff. So a lot of banks at the time and still currently I think are basically just habit archiving everything from like tapes whereas using zero DB they could theoretically throw that into something cloud storage like it abuse glacier or something, but still never exposed to Amazon would be able to query back. You know regulatory a regulator asks for something from eight ten years ago. So that was the basic technology and then we also built in this functionality to allow other people to query that encrypted data as well, and that was how we discovered this technology called proxy re encryption without proxy re encryption. Obviously, whoever has the key? Basically the person who included a client side? He's the only one query you know zero DB database but we started getting interested in proximity encryption because then like the enterprise could enable partners whether it's like. Supplier, regulator or customer whoever to also delegate access to that encrypted and allow them to do the search as well, and that ended up actually becoming like the the most interesting part zero was disability sort of delegate access to encrypted data, and that's ultimately what morphed into through this. The First Avenue Cypher Network, which is basically a decentralized network of a bunch of notes that perform this proxy Rian corruption function the basic idea of be sorta left behind. But this proxy rip jeter delegation to Encrypt data is what we kind of pulled out eventually
I Have Been Waiting Week's For This
"To the COKIE podcast cracking die bitcoin day I'm pretty heavy look as a couple of. I'm shouldn't say pretty well, I I can will mugger it. So me these levels it's being taken that pretty major. Writing on the wall. You know, Bitcoin's weekly candle. How many times you on? About that. I to say break ten, five, we have the level little reading wanted to save break was ten fight we have and the raise ten, five items because it's the high of the weekly candle now if you already on my youtube. Go, ahead, just try to call jump on that check it out a little bit because I'm going to do a video to go with this country. So you can actually see levels in say it is being such important. Level they I think. It'd be good to show to you in a visual sense raw the then then just a podcast is well, I'm doing an interview again. Yes I'm I'm going to be interesting to see of cracking Australia today I'm looking forward to it. I'm Donald for a wall saying what I'll I'll know. A really want to know why. So, many exchanges encrypt top companies at targeting Australia I want to get to the bottom of the reasoning full that and the goal share it with the obviously I'll share the these very much looking forward to that. That's going to be in about an hour. Tom Sorry if you've got any questions, I put him into the podcast comment section on pies and all. Old. Full end this one. So we're only now bitcoin. Well, we account at ten, thousand, six, hundred, seventy, five after yesterday having one of the most solid moves high on the clothes in quite some time we were up three point three percent we close at ten, six, seven, thousand, ten, thousand, six, hundred, seventy, five, closing up around the higher ratings of that can which is a very positive song are lucky with bitcoin. Now, the daily does have a slightly higher low it's not the most clean highlighted as much. It's definitely there it's very clear on the twelve al I little step out saw of rain Jim in quite some vice I step outside of the range full stop. On what would be absolutely wonderful the saints that I would be A. An exclamation mark. Bitcoin to push high bright yesterday's high. Let's see another three or four percent Guinness up around eleven thousand dollar mark. Now, why do I want this to the obvious? You know bitcoin highs better. Reason, that I want this more than anything else is so that it can just wash out some of that bearish sentiment anybody who's still considering. that we're GONNA move up can be taken out of the Y. At that stage. I believe we'll see positive. Attitude Bitcoin, there's that many negative out there but the more positive the mole hot we get in bitcoins process and ten thousand up. It's the level that I wanted to level that we got a lot to say bay that level concerned that level. It's been that level a couple of weeks I WANNA sit just say goodbye and we just go into Totta we're off to fifty K.. Mode. So. Yeah. Pretty pretty basically diet that I was sitting flat on the Diet to die. Of course, we've only just had the market reopen full this day we got a theory. On that weeklies, we'll hasn't broken those hawes yesterday we were up three percent closing at three, seventy, seven, five hour around about three seventy six right now slightly down. An Ex pay on the perpetual contract here or against tether whichever one you want to look at all use of perpetual. Futures and I use the spot. The for this particular pair of tell you right now. The way clay. Could wrought it's just a wonderfully set position. Much. Sign is big bitcoin taking control. Yes. BITCOINS donuts actually closing up what was number yesterday bitcoin dominance was up. Yet point six, four, point, nine audit speak to this. We've got some divergence that was down there at the bottom of spoke to this in my life trading flow skin. And Yeah interesting to see what happens he Knows embraced I. Because all of that in some of the videos that you can get on Youtube bitcoin cash right now you know it's not done much yesterday look it was opposite. It was up yesterday too. So I won't point six percent closing at two twenty, four spot on fog or to twenty-six flat right now faucets up on the day still very so I wasn't. BITCOIN cash no interest they really for May Simon Lot coin its down point four, three, eight, forty, eight, Dole's ninety one yesterday we pushed higher getting a high forty nine Dole. Sixty seven didn't crack that fifty amok was up two percent on the clothes yesterday moving from there on a BS v very little move up point four percent yesterday based they one of the better wake. Pays really it's it's looking pretty average pretty average in datum up looking for show. So I haven't got a short on go to anything on rotten now it's just a pretty average looking chop sitting there at one sixty three spots tonight pretty much flat on the died cod I was up one point six, six, percent closing at nine point six, six cents of told you I wanNA say above ten dollars will wow I wanna say about ten sides before I got interested in bed just yet bonds at a wall diocese today our full. So only point four percent closing at thirty point eight full. It's a downside went six percent right now sitting just on thirty dollars after very, very strong run-up brought secretive back at the moment ails continues to walk sideways horrible looking shot Diana out point to closing toodle seventy, three, hundred kids. It is a mess linked very much science sort of bite with resistance thirteen dollars twenty, six yesterday out point seven percent with close to twelve. Dollars and fourteen cents twelve dollars and ten cents a guy not much going on their
I Have Been Waiting Weeks For This Crypto Movement
"So we're only now bitcoin. Well, we account at ten, thousand, six, hundred, seventy, five after yesterday having one of the most solid moves high on the clothes in quite some time we were up three point three percent we close at ten, six, seven, thousand, ten, thousand, six, hundred, seventy, five, closing up around the higher ratings of that can which is a very positive song are lucky with bitcoin. Now, the daily does have a slightly higher low it's not the most clean highlighted as much. It's definitely there it's very clear on the twelve al I little step out saw of rain Jim in quite some vice I step outside of the range full stop. On what would be absolutely wonderful the saints that I would be A. An exclamation mark. Bitcoin to push high bright yesterday's high. Let's see another three or four percent Guinness up around eleven thousand dollar mark. Now, why do I want this to the obvious? You know bitcoin highs better. Reason, that I want this more than anything else is so that it can just wash out some of that bearish sentiment anybody who's still considering. that we're GONNA move up can be taken out of the Y. At that stage. I believe we'll see positive. Attitude Bitcoin, there's that many negative out there but the more positive the mole hot we get in bitcoins process and ten thousand up. It's the level that I wanted to level that we got a lot to say bay that level concerned that level. It's been that level a couple of weeks I WANNA sit just say goodbye and we just go into Totta we're off to fifty K.. Mode. So. Yeah. Pretty pretty basically diet that I was sitting flat on the Diet to die. Of course, we've only just had the market reopen full this day we got a theory. On that weeklies, we'll hasn't broken those hawes yesterday we were up three percent closing at three, seventy, seven, five hour around about three seventy six right now slightly down. An Ex pay on the perpetual contract here or against tether whichever one you want to look at all use of perpetual. Futures and I use the spot. The for this particular pair of tell you right now. The way clay. Could wrought it's just a wonderfully set position. Much. Sign is big bitcoin taking control. Yes. BITCOINS donuts actually closing up what was number yesterday bitcoin dominance was up. Yet point six, four, point, nine audit speak to this. We've got some divergence that was down there at the bottom of spoke to this in my life trading flow skin. And Yeah interesting to see what happens he Knows embraced I. Because all of that in some of the videos that you can get on Youtube bitcoin cash right now you know it's not done much yesterday look it was opposite. It was up yesterday too. So I won't point six percent closing at two twenty, four spot on fog or to twenty-six flat right now faucets up on the day still very so I wasn't. BITCOIN cash no interest they really for May Simon Lot coin its down point four, three, eight, forty, eight, Dole's ninety one yesterday we pushed higher getting a high forty nine Dole. Sixty seven didn't crack that fifty amok was up two percent on the clothes yesterday moving from there on a BS v very little move up point four percent yesterday based they one of the better wake. Pays really it's it's looking pretty average pretty average in datum up looking for show. So I haven't got a short on go to anything on rotten now it's just a pretty average looking chop sitting there at one sixty three spots tonight pretty much flat on the died cod I was up one point six, six, percent closing at nine point six, six cents of told you I wanNA say above ten dollars will wow I wanna say about ten sides before I got interested in bed just yet bonds at a wall diocese today our full. So only point four percent closing at thirty point eight full. It's a downside went six percent right now sitting just on thirty dollars after very, very strong run-up brought secretive back at the moment
Weekly Candles A Plenty
"Let's get into the markets because we say bitcoin do what I hoped it would do by having bullish candle the weekly. Cradle. To close up point seven percent loss way with a high of ten, thousand, five, hundred eighty, and that was basically putting a yesterday lost twenty four out session that we saw we did move above ten continues to be a bit level that democracy struggling with now are really want to say ten father. What if we can break above ten we'll have a lot better prospects a guy waltzed behold below we are above. Thousand which is good. I WANNA say ready smash out through that ten five eleven that weekly cried candle. Could certainly provide us opportunities if the cradle tried is in the potentially be tried that you might WanNa do to get yourself innocent bitcoin but breaks above the high that ten, thousand, five, hundred, ninety. Nine. The weekly high will be taken in its integrate spots. Thing is cost. We're all right now ten, thousand, three, hundred, and forty six, and we're has a relatively slow stopped the trading wake. But of course, it's still a over in Europe in the US. It's still Sunday and they're mostly all asleep so. Say what they come in and do as the is in session in the Australasian Oshii onic rage in hasn't done a great deal thus to die. Really. So yeah, I'm not really holding out too much on bitcoin rotten others night, trading -tunities if from my perspective. squat good enough amid a consideration tried I. Want Kinda with theory but we bombed out loss wake. Sorry, we bought him down this trend the week before with the law of three, hundred, seven loss. What we closed up three point eight percent closing at three, sixty six. It's pretty big candle on that wake, but it's calendar that wrought ragent area back into that cradles ended I like to work with and although it's flat on the Diet also isn't a great deal for me to do on the lower timeframe been a little bit. It's it's been growing high I. WanNa say it now push onto new hawes in this transcending the higher low and that needs to get US above three anti, we get above there we start to say mole momentum comeback. into the THEOREM price a lot more opportunity at that moment in three, sixty, five night currently south pay tell you what it's GonNa and then Austin small. The Lost Weight Goes Down to twenty two point, nine cents, and the high goes at twenty four point three, we get above twenty, five, point three knocking to see. His ex up having a real good run expectantly twenty four point two, nine point three percent onto to lastly bitcoin cash closed down two point full four it's not showing anything on the way Claes showman anything on the daily oil to pretty much five, thirty five. To Twenty, two, five, Like was lost wages a tiny bit point six causing at forty, eight, one, six did not so much activity last week with a low of forty, five, twenty one and a high of fifty one, thirty full really struggling with that fifty della Mach, which is obviously resistance that we've been talking about that for quite some time. On the shop, it's holding its ground it's not. It's not knocking it out of the park on site, but it's holding its Graham. You get above that high of loss wake of four, fifty, one, thirty, full bikes give it goes back about fifty we walk to work. We were down one percent of forty, seven, sixty seven right now. They, they closed flat on the way chemistry that for a very long time literally flat the High One, seven on thirty seven the low A. was one, fifty, nine, fifty. So a little of momentum start a little bit of. Volatility but not a great deal. It really does a pretty average right now that one point four percent at one sixty point nine, seven, cod Donald J little bullish channel right there in the weekly Ken cradle. It's some. It's not the best of the same going to be awesome. It's not the best looking. Sorry while I, all the best pulled is pulling quite David at he's touching that twenty period moving average and coudl four. If, we break the law I've lost weight and we're talking about a level of nine point nine night raw non-point nonsense. Clearly, ten cents is the level for Kudzanai to really break free for non-point for now, and there's not a great deal on the daily that interested in very similar to big break the high of of yesterday than they would a lot more work with a lot multiply within the better prospects moving forward. It's not there just yet and they'll have to wait and see what goes
Open source developer and Gitcoin creator Kevin Owocki discusses modern fundraising
"To jump right into it in the world, of Crypto, currency money is important depending on your view bitcoin itself is or aspires to be money in a very real way and without question, the craziest time Crypto have surrounded or even just been entirely about fundraising for projects. This has always been positive though in the later stages of the initial coin offering praise it seemed like raising money became the point rather than what it was being raised to accomplish in its aftermath. It's become increasingly obvious that what's being funded matters at least as much as how you get the funding but how you get the funding is important to. A couple of weeks ago Andrey's, and I were talking about an open source project. He'd actually used get coin to fund is, can you tell that story can here? Yeah absolutely. You know every now and then I come across an idea or find a gap in the court system where I think it would be really useful if we had a software gizmo to do X. Y. or Z. and even though I can code myself I don't have the time to embark on these little projects. So as I've done in the past I looks for way to funded developer to do this work and this time I decided to use bitcoin I've been Aware of it and looked at it in the past. But now I had a real project to sink my teeth in. So the projects was to develop a plug in or changing the wizard of the electron import in order to enable it to discover derivation paths, and I'm no monnet craze that has been used in a different wallet where the user doesn't know what the derivation path is and keeps having difficulty recovering funds. This is a problem, a lot of newbies have. And so I put up a he basically and a bounty is a pot of money in this case denominated in the stable coin die so that it's the equivalent value and I put up a one thousand dollar bounty for about forty to sixty hours of work approximately I estimated to develop this capability I wrote a specification as a get hub issue and the I thing. About Bitcoin is that it integrates directly into get hub. So I could take the issue where described the desired feature in detail and then attached the bounty directly to that, and then have developers come and pitch to take on that bounty and executed. It was completed a couple of weeks ago paid out and it's a feature that's being merged into hopefully the next version of Elektra. Now, that tool that you had created actually you and I had a little back and forth about it because turns out that you don't necessarily a Newbie to run into the problems that you were trying to solve their and we actually wound up using it to solve a big problem. I've been working on for a couple of months, but that's going to be another episode. Entirely, today we're talking with Kevin Kevin, can you just kind of take us through the basics of bitcoin was kind of the goal and how is it operating? Let's just start off with the most basic question for people who aren't familiar with the project. Is there a bitcoin or is this something that builds using as Andrea saying die or other types of Tokens as a reward? Yet, that's a great place to start. There is no bitcoin token bitcoin is a place where you can get coins. If you're a software developer in exchange for doing software development tasks, we have unfortunately from a branding perspective gotten swept up with a lot of the projects. Did do ICO's IOS in two thousand seventeen even though we never did in Seo. So. Take us back to the beginning kind of what was the thinking about this project in general what was the problem that you were trying to solve, and then how did you end up solving? So I've been working in web startups for the last thirteen years pretty much ever since I graduated from school and every software project that I've ever worked on has been an open source software projects. So whenever I start a new start up I will use python, which is an open source programming language. I will use an open source database server, I will use an open. Source Web server, and so every time I've built a start up all the stuff that you see in tech crunch are standing on the shoulders of giants of open source software and basically every time I've built a software startup I've been using open source software and open source software crates, billions of dollars of value for the world, but there's good way for software developers to monetize. The work that they do in open source software, and so that was sort of founding reason why I created Bitcoin, which is a double sided market connect software developers to the people want to fund their work in open source software in the sort of insight is that now using the blockchain space, we now have billions of dollars of capital that's going to open source software. Whereas before in the old financial system, all of the money that goes into it goes to some back office on wall. Street. So what if we could build a marketplace where the software developers they can sort of be the routing mechanism for the money going to software developers and have it the blockchain native project? That's what get coin is and that was the genesis of Bitcoin.
Reading A Crypto Candlestick Chart Basics
"In this listen, we are going to land to read the most fundamental part of a price jots the candlestick. So. First of all, make sure your child is in candlestick mode. By clicking on this tool, let appears at the top toolbar. To draw this down and you can select any one of these ways to display the price we one specifically candles. So it's important to remember that no matter. What we do in terms of chat settings or indicators is all just different ways of displaying the one piece of data we care about. The. Price. Right, the moment to moment changes in price. Is the one piece of data that everything else relies on? So shot settings, just different ways of displaying that data starting with candlesticks. So let's let's zoom in to one. Kendall. And then we'll look at the different components. So each Kendall. At a glance is displaying what happened to the price. In that period of time. And you see on the top menu again, you have the ability to change the candles display different time periods. So if we could this right now set onto one hour. Every candle represents one hour with all price movement. And then if we would change it to four hours Then that would mean that it's the same data. Combined full one hour Kendall's into a single four our Kendall. Wright we'll deal with timeframes in a separate lesson. I recommend that when you start trading, you start with daily candles. So let's go back to one D on the top menu. So now, he can barely showing what happened to the price, any twenty, four hour period. And each candle represents a twenty four hour period of trading. So from now on, we'll speak in terms of days. So let's let's zoom back in to one of the candles so he can break down the elements. Now, that hold candles because that's kind of they'll ally right In fact, we even call the thing like that long line, the WIG. And then the colored area, the buddy. And each Kendall shows full pieces of information. Full prices and these are known as the high. Open low and close. The open is the price at the very start of the day. The high is the highest price that was reached during that day. The low is the lowest price that was ever reached during that day. And the clothes was the price at the end of the day after which a new begins. So the wick displays the high in the low. And the body displays the open and the close. Now if the price ended up higher. At the close then when and then the candle is displayed green to show that the price went up. And if the price ended up lower. At the close. opened. Than The candle is displayed read to show that the price fell. So, when a Green Candle, the open price is at the bottom of the candle body. And on a Red Kendall, the open price is at the top of the Kendall Body. You'll also notice because the crypto market never close each Kendall begins exactly where the previous one left off. My. Whatever price will Kendall closes at the Knicks, Kendall will open it. So unlike the stock market, the renew price gaps, which is a very good thing. Now you don't have to use this cross hair and wave over specific points to find out what the open high low or closed price was. Coinage e will display this for you. We have to do is just hover of a any candle and the owner Elsie numbers are displayed at the top here. So Kennel sticks at the most fundamental tool that we use to display price data in a meaningful way. If I switched the shot just display the price as a line. You can see immediately how someone who is using candlesticks already has an edge. Switch back to candlesticks. Now, there are some traders who trade purely of candlestick patents using this view that we've got right now with no overlays and no indicators. We've just looked at how Price movements within the Single Day form a single candle. However, there is more insight to be extracted by looking at groups of candles and how they appear in specific combinations. So groups of candles often form specific meaningful patents on all these patents have funny names to help us remember what they are. So things like three white soldiers, dot cloud cover shooting, Stop Patton, and so on. This is dozens and dozens of them. So that's what I mean when I say some traders don't use any indicators at all. They just look at these Kendall patterns and then they make decisions Puglia float of those as to which way the price is going move next.
FINMA Releases Guide on Stablecoins Same Risks, Same Rules
"The Swiss Financial Market Supervisory Authority known as Venema has released new stable coin guidelines today. The report notes an increase in stable core projects since two thousand eighteen. FINRA confirmed that they received a request from the libra ascending station for an assessment of its libra project under the Swiss Supervisor Law. Finna would treat stable coins just like existing blockchain based tokens were they focus on the economic function and purpose of a token. States quote the requirements under Supervisory Law may differ depending on which assets, for example, currencies, commodities, real estate or securities. The stable coin is backed by and illegal rights of its holders and quote the Liberal Association is seeking a Swiss payments license as they asked, Finnmark for an assessment of how they classify the plant libra project and issuance of a stable coin under Swiss supervisory law according to Reuters. The Liberal Association stated quote we're engaging in constructive dialogue within Ma, and we see a feasible pathway for an open source blushing network to become a regulated low friction, high-security payments system, and quote.
SushiSwap Has Officially Migrated Away From Uniswap After a Week of Ups and Downs
"So sushi swamp has been one of the most dramatic events in defy recently, which is saying alive because it's been an extremely eventful summer a couple of weeks ago Sushi swap forked the code of swap, which was at that point by far the largest decentralized exchange or automated market maker. However Sushi swap introduced a token on top Sushi, which would reward both liquidity providers and token holders. Then the main dove behind Sushi swab named chef. No, me cashed out after. Generating a lot of interest in the project and a lot of money for him or herself right after Sam. Bank men freed the CEO of a cryptocurrency. Derivatives Exchange. He was behind a project that is building decks on a competing boxing called Salona made a proposal to build support for Sushi swap on Salona. And then. Because of the outcry over how chef nomi cashed out chef, no media was forced to hand over the Admin keys to Sam, and then finally after all that there was a migration took place of liquidity from UNICEF hop over to Sushi's FAV. And in the end one point, two, billion dollars ended up on Sushi swap while UNICEF wop was left with four hundred million
Bitcoin Dominance Falling
"Another day. About ten thousand, it dipped below ten thousand by fourteen dollar. Rooney's not a great deal. It's broken the high of yesterday's candle pretty happy with that GonNa Climb out of this. Are we going to climb out of this and easy going to be? Now that it happens and is to start to see some of these questions are discount answer. What can give you can give you understanding probabilities based on the way that I've tried it for the last fifteen years. And I'm very cain right now you know at some. Consolidation down there. As much as yes is daily down trying I get that trend follow I, I get that is come right back down a nestled. It's weight little sod on ten thousand has rejected several times six days to be precise were in seventh and that wake Lee all good news if you have not looked at the bitcoin us a weekly chart. Put The ten and twenty period moving average input you Mac Day in Hawaii the signal on. Mike it even as you get rid of that histogram, you don't need it. And have a look at just how perfect is far as cradles now's not closed of course, three days to go but as we close in on the clothes. Oh It's just looking Surrey. So gorgeous one of my favorite things out there right now in the world is bitcoin of the weekly. Look I as it stands right now we're having percent in the half today and yesterday. Yeah we were up point nine, one percent we close at one, thousand, ten, thousand, two, hundred, and twenty five dollars now Hazel Oughta. Phase one of the mosques plan break above ten, thousand, five, hundred, get us some new hot cinders consolidation Ryan. Jr Don't want to say it pulled back giving me some. You know some some NAS follow through. So chop structure the to our starting to get it. We got to push on he. Loss to Alcan was at one point, six, two percent, very, very attractive looking candidate but I wanna see follow through I. Do not a repeat of you not WanNa. See this market re-test ten thousand again. The guy from. A structure point of view momentum point of view for me trend point of view. I don't WanNa see it back ten all want to continue to move from He. I want that because it gives me up a charities to try it again. And it's been pretty slow of light has been in a building positions really and I've done that now I want to get back to the business of trading, which is the one that on the most familiar with. So bitcoins now one point, four percent for two hours forty into tried to diet ten, thousand, three, hundred, seventy, I don't WANNA say ten five by the end of the day. A theorem yesterday it closed up four percent against I. Having a good start to the five point three percent were three, hundred, sixty, nine dollars and thirty three cents that weeklies looking rather lodge rather sexy chops can't looks like the four hours a matter of fact, this is looking really nauseous broken above that three hundred and sixty della barrier that was sitting around for awhile now as I see this and I go through this with my two eyeballs on looking at the region roughly ramble yes. Three sixty, three, fifty, nine, sixty, two now looking at that on the one, our CIA because why didn't you say if I can get a booster in there? I want not yet. Maybe a cradle will be worth while training father sent nothing to be sniffed at on the big dog as looking very, very narsingdi pushing up through the new that new sitting a high high in that consolidation moving away. Now, looking better than bitcoin moving better than bitcoin ex based on the science up two point nine percent, a twenty, four point, five cents yesterday will not much one percent today. As I just said, it's up a lot more the weekly in the right spot we are really really grinding at a very nonsmoking truck. She here we go to the same things a theory and has pushed new highs within this consolidation Ryan. And by Jingo Blah George I am pumped there may be really good opportunities coming lights on in the deities in more watchlist as last week to Bitcoin cash twenty, nine, hundred, seventy his along still very similar bitcoin. Yes. It out point nine to two point four, five per cent. The weekly doesn't look very good to be fair. But as I go down the four hour trying really hard to walk out of that consolidations not there yet doesn't look as good as eighth. Next out pay if on honest not quite there yet
Bitcoin Is Playing Ball
"We'll get everybody having great die Bitcoin is doing its thing Yup. Get a good day today. It could really set the precedent for a very strong move higher and some very trading conditions. Yesterday I don't too much out there in the why attract opportunities the number of people in the community did take dragon. Petrol. And one to one and still being not but it. It did provide the one to lay minimization risk viable viable hayes the big story from my point of view tonight. And look this could change remember. I don't remember if it was A Post that I put on my facebook. Or. If I told you in the PODCAST, actually remember to be honest. But I was talking about the fact that I like to say bitcoin move down into the ten thousand Rachel around that ten thousand area. said a high or low on that four hour timeframe, and then set a high a high and actual fact of in order to do that the ten PM candle did go down to a low of nine, thousand, eight, hundred, ninety one and look there was. There was a lot of people that was sort of I guess running saying goodbye ten thousand and all sorts of bits and pieces and all that sort of stuff then bitcoin just went. Nuts. I moved higher again, attempt thousand does certainly same holding for the Time Bang. Now, will it continue to Tom will tell what the? The first. The first binder saw the first thing that's required was to see a high a life for me We've got that on. Four hour by the way with got that. Now, we have a high low and guess what we have. Ohio highly did break out through the of ten, thousand, one, hundred, ninety, three. And yesterday we clocked ourselves a high of ten. Thousand Four hundred twenty. So. It's good you. It's not out of the. The the doctor just yet we WANNA see more coming in but I can tell you right now God it's the first thing that I wanted to see a gut it. It's Day. It's real an on pretty happy to see it a love to see further buying push on through today The rest of the market is looking very, very similar before I get there until we still got five days to guy but While I've got right now if you if you take the time to go and have a look at a weekly Jot, you'll note there's a bullish candidate right there in that cradles I on Bitcoin I love that channel. I'm so deeply in love with that candle right now. But I'd like to see the candle get bigger. And GRANA. So it's Roy so far and my say so far because the market will do whatever it wants to do and my full, it may go lower it may. There's a lot of things that have may do odd Mayan Intentions Klay by buying will bitcoin. Of My move done that on in that it is what it is. Some white comes all this This move really yesterday were up one point, two, two percent but a guy. While I will say this from the high the candle to the law of the cattle we did have five percents volatility now wasn't really trying It wasn't really triable volatility is. Just, because it was a little bit too messy, the fifty narrow going. There wasn't there wasn't opportunity for May anyway. So not too much going on there at ten, thousand, three, hundred, and fifty seven right now bitcoin a theory it's it's also tucked in. It hasn't said it's higher. Hi, it's GonNa Hi Lloyd than it needs to break up to die will be tonight hopefully, survey three, three, hundred and six dollars three, sixty, fifty, three, hundred, sixty, dollars fifty cents would get us to a high high to go that high level. See how go that not too much to speak of really as it hasn't yet. And broken up while I am is to say, is you know again we've pulled back on that weekly looking quite Nas Day yesterday we close up point three percent they are gonNA rejection the of the lawyers on a