Coindesk 20 endorsed by Perpetual Futures
I’ve long argued that those declaring FIAT as worthless are contradicting themselves – when saying the value of a cryptocurrency is rising, measured against a FIAT – for example the US Dollar.
Other instruments rising or falling against the $USD often says more about what is happening to the $USD and the US Economy, than it is about whatever the other instrument is.
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You could probably say the same about instrument comparisons to any of the other IMF reserve currencies – Euro, Yuan (Renminbi), Pound and Yen.
Worthless means worth 0. So it doesn’t matter if an instrument (crypto or not) did 2x , 10x or whatever.
Even 1000x zero is still zero. That’s a mathematics fundamental.
The Coindesk 20 has been around for a while.
What’s new, is that ‘Perpetual Futures’ based on the ‘Bullish’ CEX index, which owns CoinDesk, could help the CoinDesk 20 become a widely followed benchmark akin to the 128-year-old Dow Jones Industrial Average.
This creates the seeds for a mechanism for wider adoption of acknowledging the cryptofinance space should feature movers and shakers, which provide a better way of analysing performance than comparative worth with a FIAT.
Bullish, run by former NYSE President Tom Farley, offers futures contracts based on the CoinDesk 20
Take that, ETF.
Coindesk , no stranger to advertorials paid for by actors on EVM compatible networks, may not be the most transparent and reliable entity to impartially view the cryptocurrency spectrum as a whole.
However, they are a first mover in this area, and may become more impartial if the service moves in the direction of becoming core income.
Uses Content from Coindesk.
New launch by Parallel
Parallel, an NFT sci-fi card game, is preparing to launch tournaments and Planetfall, with plans to conduct public testing on Steam and Epic platforms.
The Parallel game is composed of digital collectible cards that can be used to build a deck of cards and played in an online/mobile game currently in development. Players will need to collect a minimum set of cards to compose a playable deck that is associated with one of the five Parallels — Earthen, Marcolian, Augencore, Kathari, and Shroud. Players can create more than one deck of cards, and play as any of the Parallels for each match.
The co-founder of Parallel, Kalos, also revealed that the company will be entering into significant collaborations with key markets. In October 2021, Parallel secured $50 million in funding, led by Paradigm.
Uses content from Foresight.
Gamestop shutting down their NFT marketplace
GameStop is shutting down its NFT marketplace about a year and a half after its launch.
The marketplace’s closure will happen Feb. 2, 2024.
It was previously a Jim Cramer pick, who described GameStop as ‘With Profits’
Despite the shutdown, previously minted tokens on blockchains remain accessible and can be traded on other platforms.
It is pointed out, they are not ‘genuine’ NFTs, as the bulk data relating to a GameStop mint remains off-chain on Immutable X or Loopring, as compared to genuine NFTs, which would be minted according to ERC 721, wholly and directly to the Eth core.
The departure from the crypto-tokenization space was not explained.
GameStop is well known for its retail stores, but had been expanding into the virtual domain amid struggles in the physical gaming sector.
Another nail in the coffin for the misuse of EVM Compatible technology for tradeable assets, to which this specific part of the wider Blockchain Ecosystem is unsuited.
Uses content from investing.com
SOL based token hit by ‘0x’ hacker
SolDragon’s token DRAGON has experienced a nearly 100% drop. The attacker, identified as 0x4c79, has exchanged a significant amount of DRAGON tokens for 1006.36 BNB, valued at approximately $304,600
SolDragon is a token minted off the Solana Network.
The Soldragon website doesn’t say a lot about any products in its ecosystem, or what the token is intended to support. The single page site merely makes a vague reference to 2024 being Chinese ‘Year of the Dragon’ (Starts February 10).
The rest of the site just says how to buy Soldragon –
- Use Phantom or other wallets that support you to own SOL
- Buy for yourselves some SOL via some reputable CEXs and send them to your wallet
- Choose the Buy link on our Social or do it manually by pasting the contract on Raydium to buy
It’s got a ‘Tokenomics’ section that doesn’t explain much beyond the total supply being 100m tokens. The footer section does carry links to its X and Telegram accounts which may have more information than the website.
Uses content from Foresight
Top 8 Bitcoin Lightning Wallets 2024
Bitcoin Lightning wallets support a process of the majority of transactions to take place off-chain, with the transactions broadcasted to the Bitcoin mainnet only after the user closes a payment channel.
They are software based, i.e. ‘hot’ wallets and carry greater risk than a cold wallet like my Ledger Nano X.
Some folk are ok with hot solutions, but they are less than ideal for ‘hodling’ virtual assets.
The list: Wallet of Satoshi – The best Lightning Bitcoin wallet overall
Breez – A Lightning node in your pocket
Phoenix – A non-custodial Bitcoin Lightning wallet
Strike – A popular Bitcoin payment app partnered with Shopify
Zap – A Lightning wallet software for desktop and mobile devices
Muun – A Lightning wallet combining the benefits of on- and off-chain transactions
Blue Wallet – A powerful Bitcoin wallet with Lightning Network support
ZEUS Wallet – A Bitcoin Lightning wallet that caters to both power users and the average user
If like me, you try to keep Web3 related engagements away from the Android, or iOS operating platforms, then Zap is the best pick.
Uses content from coincodex.com
Nigerian Communications Commission (NCC) halts MTN Nigerias’ existing permission to disconnect Globacom (Glo) subscribers.
MTN Nigeria and Globacom Limited (Glo) are two of the leading MNOs (Mobile Network Operators) in Nigeria. It seems that Glo had been leasing services from MTN and Glo customers are running on MTN networks. The NCC, with strong regulatory and administrative powers, had given MTN permission to disconnect Glo from its services due to outstanding debts.
MTN Nigeria and Globacom Limited (Glo) have since come to an accommodation privately, so the NCC has retracted the disconnection order, with effect from today (January 18). Adhering to NCC instructions is a condition of spectrum licences, without which MNOs cannot legally operate in Nigeria. – Uses content from Techeconomy NG
COTI Foundation takes Privacy Seriously
Blockchain development company COTI Foundation has announced a $25 million grant through its ecosystem fund to promote the development of privacy-focused projects.
The first recipient of this funding is Soda Labs, a participant in the encrypted multi-party computation (MPC) field. Soda Labs will lead research efforts to expand garbled circuit protocols and other multi-party computation (MPC) protocols, ensuring secure and scalable privacy networks for COTI users.
-Uses content from Binance News
Africa Stablecoin Consortium Delays cNGN Launch
The Africa Stablecoin Consortium has announced the delay of the launch of its anticipated cNGN stablecoin, intended to happen on 17 February.
The consortium, consisting of Pan-African banks, fintech firms, and blockchain entities, blamed the delay on slow progress of regulatory clearance.
cNGN is intended to operate like USDT and USDC across multiple public blockchains, and similarly, will be backed by a Naira reserve.
Management of cNGN will remain with the consortium unlike the eNaira (CBDC) which is managed by CBN (Central Bank of Nigeria).
The eNaira made history in October 2021 as only the second CBDC in the world (after China).
The eNaira is built on top of the Hyperledger Fabric blockchain protocol, which is an open-source project started by the Linux foundation. The project has implemented this as a private blockchain network. eNaira nodes are only run by CBN and a limited number of third parties it approved. It is capable of 3,000 TPS.
The eNaira is seen as an expensive failure, with negligible adoption rates.
– Uses content from Techdigest .ng and Cornell University.
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