Crypto Basic Podcast: Teaching You The Basics of Bitcoin and the World of Cryptocurrency. CryptoBasic

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The CryptoBasic team is happy to bring you a brand new series; 101 Updates! The world of crypto moves fast, projects evolve, markets adapt, and new problems emerge… and wherever the space goes we follow! And what better way to begin a new tradition than by returning to the project that started it all, the big daddy, Bitcoin. When we last covered this project fees where off the charts and the scaling debate created a fork in the community. Today the Lightning Network has finally been implemented, but has it been successful? And how exactly does it work anyway? Listen to this inaugural 101 Update to catch up with the King.   LINKS TO TOPICS FROM THE SHOW   BitMEX Overview “The Lightning Network” The Argon Group - “Bitcoin Lightning Network – 7 Thing You Should Know” Bitinfocharts.com - “Bitcoin Transactions Historical Chart” Johoe’s Bitcoin Mempool Statistics - “Unconfirmed Transaction Count (Mempool)” Twitter - “Lightning Network Statistics” Wikipedia – Small-world Network HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets.   Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.   Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
It’s Friday FlagShip time and the news get Karim all riled up this week! Verge gets hacked AGAIN, the US Congress rolls back important banking regulations, the Department of Justice wants to investigate Bitcoin price manipulation, and Brent tells us all how proud he is about his Reddit post. Internationally we see an Argentinian bank using Bitcoin and we explore why Sweden may become the first cashless society. Lastly a listener asks “What has been your biggest coin purchasing regrets?”, join the team as they recall these painful memories =)   LINKS TO TOPICS FROM THE SHOW   Vice - “Greedy Bankers are Already Creating the Next Financial Crisis” CNN - “American Banks Had Their Most Profitable Quarter Ever” NASAA - “Securities Regulators Conduct Coordinated International Crypto Crackdown” Bloomberg - “Bitcoin Manipulation is Said to be Focus of US Criminal Probe” MarketWatch - “Ashton Kutcher Stuns Ellen with $4 Million Ripple Donation” GDAX – “Announcing Coinbase Pro” CoinPedia - “Argentinian Bank to Use Bitcoin for Cross Border Payments” CNBC - “People in Sweden Barely Use Cash” HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets. Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.   Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
Some very interesting dynamics on the show for this 101 on Dragonchain as Mike sits down with Karim to discuss one of his choices for the portfolio contest. An interesting project with some big time resumes behind it, and plenty of lively debate between the guys about the core aspects of Dragonchain. Ever heard of an ICO incubator? Are you curious about what a Dragon Slumber Score could be? Tune in to learn about this fantasy themed but business minded platform.   LINKS TO TOPICS FROM THE SHOW   Dragonchain Website Dragonchain Whitepaper ‘Dragonchain Architecture’ by Joe Roets YouTube Video ‘AMA Answers’ with Joe Roets Article - ‘Dragonchain: How The Blockchain Vendor Began At Disney, Sold Minority Stake To Cognit.’ Blog Post on Dragonchain ICOs HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets.   Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
We would like to welcome Anthony Lusardi to the CryptoBasic podcast as he joins us to dive deep into the Ethereum Classic project. Anthony is the Director of the Ethereum Classic Cooperative and a true blockchain & decentralization enthusiast. During this one-on-one interview he sits down with Karim to answer questions from SputnikVM to the Emerald Project, and we discuss not just ETC’s but all of blockchain’s future. There’s no better way to follow up a 101 than a good CryptoConvo!   LINKS TO TOPICS FROM THE SHOW   Youtube - “Anthony Lusardi – Ethereum Classic Where Are We Now” Blog-post - “ETC Went to EDCON” Blog-post - “Long Term Outlook for Ethereum Classic” Mastering Ethereum (Antonopoulos) Chapter by Anthony Lusardi - “Ethereum Fork History” Openstack Summit Vancouver - “Passport Program Phase II” Linkedin – Anthony Lusardi Twitter - @pyskell HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets.   Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.   Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
Today we’re taking on a topic that is extremely important in the cryptocurrency world, but is applicable in all areas of life: Cognitive Biases. These are the pre-programmed ways our brain is constructed to deal with the things life throws at us. From trying to get even on a bad trade, to refusing to sell a coin no matter what we hear bad about the project, may of the ways in which we react to the swings in the cryptocurrency community will be easier to understand when you understand your own biases. We go over some of the common biases, and then give some crypto and non-crypto examples of each one. Expand your mind in 101 Series: Cognitive Biases LINKS TO TOPICS FROM THE SHOW What is a cognitive bias? Types of hueristics Great book on the subject. This is NOT a referral link, simply a good resource we thought we’d share. HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets. Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. CryptoBasicPodcast@gmail.com 405.440.3260   Theme Music - Neledrax by Earradiate (2017)
Ever stumble into Ethereum Classic and wonder what it’s all about? This isn’t your average fork, this isn't even a fork! During this 101 we dive deep into the history to understand why this project came to be. We explore The DAO hack, the ensuing community split, and of course dive into how the project has evolved since. If you thought this was some money grab trying to capitalize of the Ethereum name you are in for a surprise, this is a serious project with a serious vision. And also a little bit of fun, Brent and Karim lock in the first official CryptoBasic wager! Will Karim win or will Brent lose? YES!   LINKS TO TOPICS FROM THE SHOW   Website – Ethereumclassic.org Wikipedia – Ethereum Classic Mastering Ethereum (Antanapolous) – Ethereum Fork History Blog-post – A Crypto-Decentralist Manifesto Coindesk - “Ethereum’s Two Ethereums Explained” IOHK – Ethereum Classic Dev Updates Ethereumclassic.org - Roadmap   HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets.   Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.   Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
We decided to release an extra episode today titled "Basic Blitz" signify how quickly we put it together. Mike, Karim, and Brent sit down and talk about the brewing Tether situation. Tether is a hot button topic every few months, and the community is always cautious about it - but based on recent events the CryptoBasic team feels that something sinister may be imminent and they wanted to get the word out quickly. Listen to the episode, do your own research, and decide for yourself what is happening with Tether.  Is this FUD? Yes and no. We believe that in situations like this, as an entity that has listeners that respect our opinions, we need to have an abundance of caution. The signs are there for this to be very bad, and we've provided the proof for what we think. We all hope we're wrong, and this does not come to a head anytime soon.  LINKS TO TOPICS FROM THE SHOW Tether Report: Here is the anonymous Tether report. Take a look at the information provided and decide whether you think these conclusions are valid.  Tether's original announcement for audit: Inside this announcement they also linked to a memo that made it appear the audit was conducted, when in fact it wasn't.  Breakdown of Bitfinex and Tether relationship @TetherPrinter Twitter account: keep track of when new Tether is printed.  Here's the coindesk article as well as the statement sent to them about the difficulty of an audio Update 1/30: According to this Bloomberg article, both Bitfinex and Tether have been subpoenaed. This actually happened in December but it's just coming out now. We were not aware of this, but it certainly paints and eve worse picture for the coin and exchange.   HELP SUPPORT THE PODCAST!  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets.  Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience and have reasonable customer service. Give them a look.  Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CryptoBasicPodcast@gmail.com 405.440.3260
The CryptoBasic squad has been trying to tell everyone to do their own research. This is the most important thing in the cryptocurrency world. Price fluctuations don't really matter too much if you understand the tech and believe in the future. The team explains their own research methods, as well as some red flags to be on the lookout for.  LINKS TO TOPICS FROM THE SHOW Coincheckup: This is where we usually start our search. There is a lot of great information on here. Be aware that they are financial advisors and they are using this site as advertisement for service.  Coincap.io: This is our preferred tool to coinmarketcap.com. It shows real time trades as they happen, and has most of the same information. OnChainFX: This site has some great information on it, but most importantly has some great tools for filtering through the information that other sites don't have. They also categorize each coin, making it easier to determine if it's a Coin/Token/Platform etc.  CoinMarketCal: This is a site that keeps many important crypto dates on a calendar in an easy to see format. Look for when those big releases, or due dates are coming up.   HELP SUPPORT THE PODCAST!  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.  Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. CURRENTLY LEDGER IS HAVING A SECURITY ISSUE: PLEASE BE CAREFUL AND READ ABOUT IT HERE.    CryptoBasicPodcast@gmail.com 405.440.3260
The CryptoBasic team gets together for their weekly Flagship episode. They talk about the Market Downturn, Christopher Giancarlo, The Forbes Rich List, and many many more. The team regrets not having more fiat available to buy more in the downturn, and they also get on Weiss for acting so smug about their ratings. Also, find out how Brent trolls Karim so hard that it takes him weeks to deal with the fallout in this week's edition of the Flagship.     LINKS TO TOPICS FROM THE SHOW Christopher Giancarlo: Here's the entire video.  Forbes Crypto Richlist: Here's the Forbes Crypto Richlist! Keep in mind this doesn't track Monero.  Weiss Snide Letter: Here's a Reddit post that copied the letter of the Weiss ratings company. Extremely out of line to send this in our opinion.  Coindesk Blockchain Industry Report: Learn some facts about the crypto space in 2017. Coincheck promises to refund all hacked funds.  Singapore Talks about the future of crypto in their country.  Berkely ICO Here's the quick run down of how the city plans to turn to crypto.   HELP SUPPORT THE PODCAST!  PLEASE Subscribe and give us an honest rating on iTunes.  These links are all referral links for us, but we use every one of these exchanges and wallets. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.    Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.  Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.  CryptoBasicPodcast@gmail.com 405.440.3260
The details of the listener contest on trading has been revealed. Proof of Rating is coming to a not blockchain near you. On this Flagship episode the team talks everything from Coinbase (again) to Vitalik trying to make sure the world never gets overrun by Terminators. Feel bad for Brent as Karim and Mike try to argue that Wyoming belongs in the “international news” section, and then immediately remember you had him when he talks some smack about Wyoming. The mailbag drop gets improved, and adds a special guest. LINKS TO TOPICS FROM THE SHOW Coinbase situation has been resolved with a backhanded admission of guilt from VISA. They definitely agree this is not Coinbase’s fault...butttt not theirs either? Charlie Lee hates Litecoin Cash! So do we. US Government official crackdown on pump n dump groups! You can also go to whistleblower.gov and submit your whistle blowing. Seriously let’s get rid of these scumbags. US Government also says they’re not touching Crypto regulation anytime in the near future. Karim thinks it’s just the administration’s angle, Brent is content with taking them at their word. Either way this is good for crypto in the short run. Vitalik doesn’t want terminators. Despite Karim and Mike thinking that Wyoming qualifies as “international news”, it’s actually part of the Untied States and has some very interested stances on regulation. Here’s the youtuber that Poland paid off. Not nearly as funny as I wanted it to be but here ya go. The article about it is here. The Swiss are cool. They wanna be a crypto country. We like Swiss. DO NOT CONTRIBUTE TO THE VENEZUELA ICO IF YOU’RE A US INVESTOR. YOU ARE COMMITTING A SERIOUS CRIME, NOT JUST GETTING AROUND A DUMB POLICY HELP SUPPORT THE PODCAST! The listener contest is going live on March 2nd. To participate you must be a founding member or give us Proof of Rating at any of the many social outlets that we participate in. PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets. Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. CryptoBasicPodcast@gmail.com 405.440.3260
CryptoBasic gets right to the source as Brent and Mike interview Glitteri Gabi, one of the models that was taking part in the SpankChain beta these past couple of weeks. They talk to her about everything from behind the scenes at SpankChain to what she thought of the Basic Bitches name! She provides unique insight into the performer side of this platform, which is what the entire thing will hinge on.   HOW TO FOLLOW GLITTERI GABI   My free cams website Twitter Switter.com Social Network she mentioned.   HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets. Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. CryptoBasicPodcast@gmail.com 405.440.3260 Theme Music - Neledrax by Earradiate (2017)
It’s another CryptoBasic Friday, but this time our Flagship crew is one man short! It’s just Brent and Karim on the show today as Mike was unable to join us due to some technical difficulties. But the show must go on, that includes making fun of Verge! We discuss possible vulnerabilities in EOS, a British hacker gets busted, Dash drops Ben Swann, some international news, and Karim introduces a new Flagship segment. You will miss Mike, but at least the show is still here!   LINKS TO TOPICS FROM THE SHOW   Article - “British Hacker Jailed for 10 Years, £500,000 Worth of Bitcoin Seized!” Article - “$9 Million a Day Is Lost in Cryptocurrency Scams” Reddit - “Whatsapp and Why Defunding Ben Swann Was A Bullish Move” Blog post - “Announcing Coinbase Pro” Article - “Chinese President Publicly Endorses Blockchain As Leading Technology Revolution” Article - “One Satoshi Now Worth Over Five Venezuelan Bolivars” Article - “Bitcoin Trademarked?” (In French) Karim’s comment on Kjell Halvor Landsverk’s old BlogPost HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets.   Robin Hood is getting in the crypto game! You get a random stock valued between $5 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with a CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.   Podcast Theme Music Neledrax by Earradiate (2017) CryptoBasicPodcast@gmail.com 405.440.3260
On today’s show, Brent is joined by a fellow Facebook-hating, privacy-loving comrade, namely Colin Fausnaught, creator of ZuckBucks, a memecoin designed as a joke and a protest to Facebook’s ever-growing need to have its greedy tentacles probing into more and more aspects of people’s lives - this time the financial one, with Libra.    Colin created ZuckBucks on a whim, but never expected that it would actually blow up, gathering a dedicated community around it and even making it onto exchanges. Listen in as we talk about privacy, altcoin specifics, meme economies and the all-seeing eye of The Zucc.    THIS IS OUR REFERRAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT -  https://emberfund.app.link/CryptoBasic    Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw     Join Our Discord - https://discord.gg/3EnWx6J    Patreon - https://www.patreon.com/CryptoBasic    Ledger Nano X - https://www.ledger.com/?r=d6b6    Cash App: Free $5 - https://cash.me/app/RMFXXXL      Cryptobasicpodcast@gmail.com  
Flagship Friday! We're talking about John McAfee and what he wants to do for Cuba. We cover whether or not Tron headquarters was raided by the police, and this particular episoe without Adam we talk about a lot of different tangents, and more.   THIS IS OUR REFERAL LINK PLEASE SHOW EMBERFUND YOUR SUPPORT - https://emberfund.app.link/CryptoBasic Subscribe on iTunes - https://itunes.apple.com/us/podcast/cryptobasic-podcast/id1332565102?mt=2&at=1001lJEw Join Our Discord - https://discord.gg/3EnWx6J Patreon - https://www.patreon.com/CryptoBasic Ledger Nano X - https://www.ledger.com/?r=d6b6 Cash App: Free $5 - https://cash.me/app/RMFXXXL Founder of SpankChain creates YangDAO - https://www.yangdao.org/ Samsung releases ETH SDK - https://developer.samsung.com/blockchain Zimbabwe bans the USD - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed Tether is loaning USDT to traders - https://www.scribd.com/document/416240547/NYAG-AFFIRMATION#fullscreen&from_embed Top 10 Companies are Murican - https://www.investopedia.com/articles/active-trading/111115/why-all-worlds-top-10-companies-are-american.asp Turhey's new roadmap https://www.coindesk.com/turkeys-new-economic-roadmap-calls-for-central-bank-cryptocurrency Bullish or BS - Police Raid Tron - https://medium.com/@Tronfoundation/the-wave-field-community-scam-and-our-response-55631a6b2df1 They didnn't - https://www.reddit.com/r/CryptoCurrency/comments/caj9e1/police_raids_at_tron_offices_in_beijing/ Mcafee wants to build it for Cuba - Cryptobasicpodcast@gmail.com
  Today we’re getting super political, so Karim is all excited. Don’t worry, we’re talking about it being related to Crypto. The House had a hearing and we break down some opinions of some people in Congress. We also go on to talk about a couple of scams from across the globe. It’s Flagship Friday-ish on the CryptoBasic Podcast. Rapid Fire ZCash/ YCash Fork happened today Thursday at block 570,000. If you own ZCash you'll be getting it at 1:1 ratio YCash is being made to restore mining on commodity hardware which was largely abandoned on the ZCash blockchain. 27% of the enterprises plan to invest roughly between $1-$5mill in blockchain over the next 12 months. Source Deloitte & Touche Reddit Co-founder Alexis Ohanian invests $3.75 mill with a Hearthstone competitor using ERC-1155 tokens bought with DAI The funds have been used to scale up production on a new card game called Skyweaver and a gaming platform called Arcadeum. "Trading card from another dimension". Also Gods Unchained, another blockchain card game using ERC-721 tokens (nfts) has had a 50% increase in games played in the past week. You can hold these in Enjin wallet. Brave ads are live on Android. Litecoin has sponsored the Miami Dolphins All Kinds of US Policiking about Libra. This was 7 hours long. Donald Trump - (R) Does not like BTC (no obvious opinion on Libra) Tom Emmer - (R) Anti Libra, seems to be pro BTC "Individuals insistent on the exclusion of middlemen and the freedom of the individual will continue to create open networks separate from central control. Unfortunately Libra is not designed to minimize middlemen. It in fact relies on them." Kevin McCarthy - (R) Anti Libra, pro BTC "I like bitcoin "Likes decentrlaized nature of BTC "I want to see decentralization because Libra concerns me that they're going to control the market" Ron Paul - (R/I) Pro Crypto, No stance on libra. Treasury Secretary Munchin - Pro Crypto/ BTC, and says Treasury is OK with it with full AML. He was not comfortable with Libra, but was not anti-Libra. Denver Riggleman - (R) He knows his shit. Started right away asking questions about open source, whitepapers, he actually looked at the code and knew that it was written in Rust. Dude checked Github, mentioned who was building the Libra core, asks about scalability issues and why Rust was chosen as the language. Specifically grilling him about the "nightly build" of Rust and why it was being used. David Marcus couldn't actually answer that. House Democrats released a bill called "Keep Big Tech Out of Finance Act" which was anti - Libra, but not pro BTC/ Crypto. Patrick McHenry - R - Skeptical of Libra - Clearly Pro Crypto - Did not take a clear anti Libra stance. Said it could be a plot to increase Twitter presence lol. Warren Davidson said - There's bitcoin and there's shitcoin. (R) Unclear stances Colloquially, Shitcoin Wednesday, July 17th 2019 a Congressman asked Meltem Demirors about shitcoins. How is this real life???? Brad Sherman - D - Anti Libra, calls it Zuck Buck. Very Anti-Crypto. Anti Crypto, compares it to “We’re told by some that innovation is always good. The most innovative thing that happened this century is when Osama bin Laden got the innovative idea of flying two airplanes into towers,” Says Libra is more dangerous than Al Queda. (Market Cycles)500 Lets talk about the psychology of a market cycle. Disbelief, hope, optimism, belief, thrill, euphoria, complacency, anxiety, denial, panic, capitulation, anger, depression, disbelief Simplified market cycle - peak,trough, contraction, expansion (Tether’s $5 Billion Error Exposes Crypto Market’s Fragility) A little reminder that this is still a young market with an infastructure in construction Saturday (7/13) Tether mistakenly created more than $5b in an instant, (marketcap rn $3.9b) Article claims sudden flood spooked the market & btc dropped by 12% About 60% of BTC trading is done with Tether And we've already had the NY AG saying Tether used reserves to cover up $850m in missing funds Basically Poloniex needed to move $50m Tether from Omni network to Tron LOL - The Tether EMPLOYEE who processed the order accidentaly created and sent Poloniex $5b Tether instead of $50m CTO Tweeted it was "an issue with the token decimals, fat finger error" Crypto Around the World U.S. foes are weaponizing cryptocurrency says new report New Study by the Foundation for Defense of Democracies (FDD) Says US adversaries are using crypto to "circumvent the nation's geopolitical supremacy" Focused on Venezuela, China, Iran, and Russia All of these have been aggressively working on blockchain currencies or networks Venezuela backed with oil, Iran is launching one backed with Gold FDD warns that digital currencies, especially those backed by commodities, will make sanctions much harder to enforce Most worried about China, with massive tech its digital currency could compete with dollar based financial system Also fears that nations will just invest in current systems, like Russia is believed to be investing in btc Found the Report itself, Overview of findings Venezuela, Maduro, & the Petro - Total debacle, they did not build the economic or technical infrastructure to make the petro useful to citizens and international trading partners. But it will serve as case study for other nations Basically how the US financial dominance is at risk if any crypto becomes popularly used and an alternate financial infrastructure is created But who is the FDD That name already sketches me out big time Washington THinktank focused on "national security and foreign police" (not exactly what you would think of but maybe) Their own about Founded shortly after the attacks of September 11, 2001, FDD conducts actionable research, prepared by experts and scholars from a variety of backgrounds Started looking at their headlines Undeterred Cyber Adversaries Require a More Aggressive American Response As tensions escalate, U.S. must intensify pressure on Iran and the IAEA Australia should place unilateral sanctions on Iran Oman’s Growing Ties with Iran Threatens its Neutrality: FDD Report Long story short - they're just a neocon think tank, hawkish and super pro war. And their funding explains their bias, from their 2011 tax filings "Most of the major donors are active philanthropists to 'pro-Israel' causes both in the U.S. and internationally. With the disclosure of its donor rolls, it becomes increasingly apparent that FDD’s advocacy of U.S. military intervention in the Middle East, its hawkish stance against Iran, and its defense of right-wing Israeli policy is consistent with its donors’ interests in 'pro-Israel' advocacy" Thats a scam! For $15k You Can Fake Trading Volume A 20 year old at Moscow State University, Andrey Andryunin, (Let's go MSU!!) talks about his company that he co-founded called Gotbit. It inflates trading volume on obscure crypto exchanges for a fee to ultimately get listed on Coin Market Cap. Programs a bot to trade tokens back and forth with each other (what do we call that Karim??) wash trading. Exchanges know about it but don't care too much to stop it. Hotbit based in Shanghai and BitForex out of Hong Kong are two exchanges that Gotbit uses. Gotbit was found to be one of 14 exchanges that basically had zero genuine trading outside of wash trading in a report by Alameda Research, a crypto trading firm. A lot of the coins are top 300-500 market cap trying to appease their investors, maybe make an exit eventually, but ultimately only 2 or 3 of the 30 or so Gotbit clients have a working business model and have reached the point of building an actual product. Adryunin does go on to say that this isn't exactly an ethical business and that if this was on NASDAQ he knows it would be a financial crime. Both him and his cofounder understand there is incoming regulation from the Financial Action Task Force which will regulate crypto related services and exchanges so they are pivoting to other more legitimate things like offering IEOs NovaChain Had no idea what it was. It was yet another Lending platform that was based off of "High frequency trading bot passive income" Deleted its website and email list and all social networks. Loss was in the millions. Twitter users were tweeting tons of numbers.
- Rapid Fire - [Stellar (XLM) Listed on Coinbase pro](https://www.coindesk.com/stellar-lumens-is-about-to-begin-trading-on-coinbase-pro) - [Someone posted on reddit that the sites CrashDoge, CrashingBitcoin, and CrashingCrypto are scams](https://www.reddit.com/r/CryptoCurrency/comments/azh66t/crashdoge_crashingbitcoin_and_crashingcrypto_are/)...WOW that was a hard one to figure out. Also they are run but someone named HERPES. - [You actually can earn BAT now on the developer Brave Browser](https://brave.com/ad-platform-enters-second-phase/), we incorrectly reported you could before. - [OneCoin leader arrested for scamming in the US.](https://www.coindesk.com/a-multibillion-dollar-cryptocurrency-based-on-lies-us-arrests-alleged-onecoin-leader) - [This Stupid Ass Movie](https://www.youtube.com/watch?v=kYZut3DWvek&t=10s) - Shoutout @anthony in the CB Discord. [https://www.youtube.com/watch?v=kYZut3DWvek](https://www.youtube.com/watch?v=kYZut3DWvek) - [The NEO Blockchain was DOWN for over an hour.](https://www.reddit.com/r/CryptoCurrency/comments/azfiuz/the_neo_blockchain_is_down_for_over_1_hour/) (BULLISH OR BULLSHIT) - Brent - This was because of ONE node. - Obviously the response was "centralized POS" - But, this is what we're supposed to get. - The way their consensus works is that if they do have a downed node, they keep trying until they get consensus. If they don't get it, they try 15 seconds later, then 30, then 60, then 120, then 240 etc. - They is actually based on probability - once a node goes down this starts firing and most of the time it happens on the first try, but it COULD go as high as 10 retrys in a very unlucky scenario which would be over 4 hours. - NEO is still centralized, and that's part of your tradeoff. - [Binance adding Ripple to their Trust Wallet. Also, credit card support available.](https://decryptmedia.com/5841/binance-trust-wallet-xrp-credit-card) Brent - Their trust wallet is similar to other offerings by coinbase, ENJ, etc. It's in the app store. - They have plans for web, desktop, and hardware wallets. - There's a bunch of coins in this one - ETH, ETH Classic, Gochain, POA Network, Vechain, Tron, Wanchain, Callisto, ICON, Bitcoin, Litecoin, BitcoinCash, TomoChain, Dash, Zcash, Zcoin, XRP - Legit don't even know what half of those are. - The person that nails this first could be the paypal. - Metamask is continually improving their experience though. - Coinbase has something similar. - [ETH Is not a security](https://coincenter.org/link/sec-chairman-clayton-just-confirmed-commission-staff-analysis-that-ethereum-and-cryptos-like-it-are-not-securities) @Karim Baruque this looks like it's all you - Story starts with a comment back in June of 2018 from the SECs Director of Corporate Finance (William Hinman) - "[Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions](https://coincenter.org/link/a-top-sec-official-said-that-ether-is-not-a-security)." - Remember the Howey test? - Citrus farmers in FL 1946, went to the supreme court after SEC sued - SC developed landmark test. :A transaction is an investment contract if... - 1. It is an investment of money - 2. There is an expectation of profits from investment - 3. the investment of money is in a common enterprise - 4. Any profit comes from the efforts of a promoter or 3rd party - "When the efforts of the third party are no longer a key factor for determining the enterprise’s success, material information asymmetries recede. ... the ability to identify an issuer or promoter to make the requisite disclosures becomes difficult, and less meaningful." - A group wrote a letter to the SEC Chairman to see if this was just an opinion or represents position of the SEC - "I agree with Director Hinman's explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework." - [Adoption Segment.](https://www.reddit.com/r/sandiego/comments/ax9sq4/gas_station_now_accepting_bitcoin_at_governor/) @Adam Levy - Implementation of crypto in the real world. - $0.40 off per gallon if you use btc. What other use cases are there? - Austria has advertisements in subways for Bitcoin (bitpanda) - there is a website called [shitexpress.com](http://shitexpress.com) where you can buy a pile of dung and send it to someone you don't like using bit coin. - yoga studios, restaurants, coffee shops, escape rooms—basically savvy business owners are starting to pop up with more options of payment—some crypto over credit cards - first time seeing payment in an SF coffee shop in 2014 - can any business use Cash app for bitcoin? - [Cool chart of crypto ownership in America](https://www.reddit.com/r/ethtrader/comments/b0gwlr/8_of_americans_own_cryptocurrencies/) @Adam Levy - 8% of Americans own crypto—think it was closer to 1-2% in early 2017 - too difficult to understand and too complicated to understand is a solid portion of . I can sympathize as it is not intuitve at all but once you learn it, it becomes second nature. Think going from windows to ios - most are just "not interested" - some say it's too high risk which, fair enough - During the 2017 boom, there were roughly 40k new CB users a week signing up. I'd say 8% seems about right. - [https://cointelegraph.com/news/us-state-of-colorado-passes-crypto-exemptions-bill-into-law](Colorado Crypto Exemptions Bill) - Colorado Digital Token Act. Colorado is "trying to provide clarity for the sector. That doesn't mean charlatans can violate security laws" - "digital token" as “a digital unit with specified characteristics, secured through a decentralized ledger or database, exchangeable for goods or services, and capable of being traded or transferred between persons without an intermediary or custodian of value ## Crypto Around the World - Mailbag From the zman in CB Discord: with all the hype surrounding game of thrones return in april, the BBs were wondering: 1. which GOT character do you believe you are most like? and 2. which GOT character reminds you the most of your co-host(s)? - Rants Brent hates Enjin (not quite) Samsung Blockchain Wallet Less Shitty - ETH, TUSD, BAT, REP, REVAIN, Chainlink, Aeternity, Paxos, Maker, USDC, PundiX, BNB, CosmoCoin, Bytom, OMG, Pupulous, Vechain, ZRX (NO TETHER) - Patreon - Exit Please join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers.
There's a special guest on the show - Adam "Roothlus" Levy. He's going to help us navigate these murky waters of scams, bullshit stories, and more. Why is Coinbase losing good will? Why is Kraken gaining it? Why wasn't Brent hired at Kraken? Also - Brent got hacked on this edition. # Episode 165 - Flagship Friday [QuadrigaCX Granted 45 More days to repay funds](https://u.today/quadrigacx-granted-45-more-days-to-recover-lost-140-mln-exchange-may-be-sold-later-on) [Bitgrail CEO must repay 170mil](https://whichblockchain.com/news/bitgrail-ceo-must-repay-170-million-in-missing-funds/) [XRP and XLM were approved by Thailand SEC](https://www.reddit.com/r/CryptoCurrency/comments/aw52k8/xrp_xlm_approved_by_thailand_sec/) [IOTA Released a Testnet without the COO - AND they went fully discord transparent.](https://blog.iota.org/a-coo-less-testnet-879ad17ca1af) [ENJ Released their SDK for Unity](https://twitter.com/enjin/status/1102362183462195200?s=09) - They're not on Samsung though. - You know we gotta do our weekly QuadrigaCX Update. - [First of all last week Kraken offered a $100k reward](https://blog.kraken.com/post/2155/were-offering-a-100000-reward-for-discovery-of-quadriga-coins/) for any information regarding the QCX situation that leads to the discovery of funds. - They also put out two full podcast episodes about it. ([Their 3rd](https://www.kraken.com/#episode3) and [4th episode](https://www.kraken.com/en-us/learn/podcast#episode4)). They're combined almost 3 hours worth of information. I didn't listen. - [It fuckin worked somehow.](https://www.reddit.com/r/CryptoCurrency/comments/avwzce/breaking_over_600k_ethereum_belonging_to/) They found over 600k in ETH the next day. Roughly 90-100M depending on the ETH price at the time. - Some of it was on Kraken lol. Most of it was on Bitfinex. - Even though some was found, this doesn't necessarily mean that it was QCX or that it can be recovered. - There's somehow more. - ***[Their cold wallets were found empty.](https://www.reddit.com/r/CryptoCurrency/comments/ax6i7q/quadrigacx_plot_thickens_as_cold_wallets_are/)*** - Guess who was never audited before now? - Guess who else still hasn't been audited? - Guess where most of that found ETH was? - [New Bitcoin Betting Game Adds Thousands of Waitlisted Users](https://www.coindesk.com/bitcoin-betting-game-hxro) - You can bet on MOON (up) or REKT (down) with a new card where you can place bets starting every five minutes. - The company is called HXRO (Hero) and they plan on releasing new betting games down the road. - Beta started Jan 1st and over 115k people on the waiting list - Guess this is a simplified version of Augur? - Seems popular thus far. - COINBASE IS SCUM!!! - [So Coinbase acquired a team called Neutrino](https://www.coindesk.com/what-coinbase-needs-to-learn-from-the-neutrino-scandal). - They had a team that all worked on a project called [Hacking Team](https://en.wikipedia.org/wiki/Hacking_Team#Controversies), which was a startup that specifically aided some shady governments in some authoritarian practices. - They helped surveillance of citizens by selling its project to - Sudan, Bahrain, Venezuela, Morocco, Saudi Arabia, and Kazakhstan - The UN actually got involved and told them they were selling weapons to Sudan, and they were worried about them being used to target Darfur belligerents. Hacking Team said they never had dealings with Sudan. - After the UN Got involved the Italian government froze any exports that the team could make. - Someone hacked them and their Twitter and release a 400GB data dump, which Wikileaks even retweeted. Dealings with Sudan confirmed, and there was even an invoice to Lebanon. How did "Hacking Team" get hacked? Well their password was P4ssword, and they also used wolverine and universo. - Standard response - don't download that leak it has a virus and it's also all not true (paraphrasing Christian Pozzi, team member). His Twitter was immediately hacked. - As of 2016 they were still allowed to sell spyware...just not outside of the EU. They had 70 clients as of 2015. - They won an award in 2013 - One of 5 Corporate Enemies of the Internet! - Coinbase original statement -It was “aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical and hiring diligence,” adding that “Coinbase does not condone nor will it defend the actions of Hacking Team,” but “it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.” - [But they got their act together and fired them all, except the board.](https://www.coindesk.com/coinbase-pushes-out-ex-hacking-team-employees-following-uproar) - [They were also aware that whoever Neutrino was supposed to replace was selling user data.](https://messari.io/article/coinbase-executive-says-customer-data-was-resold-by-analytics-vendors) - The quote was plain as day ""We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that,” said Christine Sandler, Coinbase’s head of sales." - [Coinbase clarified that she totally misspoke.](https://www.coindesk.com/coinbases-reputation-crisis-crypto-client-data) - They say they're totally not sharing *personally identifiable data* with 3rd party vendors. I wonder if there's a thin legal definition for that? - **[Thread on Worst Investment You Made](https://www.reddit.com/r/CryptoCurrency/comments/axxy5p/bag_holders_whats_been_your_worst_investment_what/)** - Bullish or Bullshit? - Thailand's SEC Approves Bitcoin, Bans Bitcoin Cash First of all the link was literally to a [BCH/USD Technical Analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-cash-technical-analysis-bch-usd-within-potentially-deadly-ascending-channel-201903011416) blog post One little bullet point that says 'News flow - Thailand SEC removed BCH, LTC, & ETC from ICO Fundraising....that's it lol Found the actual statement from Thai SEC [here](https://www.sec.or.th/en/Pages/News/Detail_News.aspx?tg=NEWS&lg=en&news_no=23&news_yy=2019) They just update the list regularly, last paragraph really hypes it down TLDR didnt affect anything and the rest are definitely not legal tender lol. BS ## Crypto Around the World - **[Argentina Blockchain Adoption](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future](https://www.binance.com/en/blog/309988869718880256/Binance-Labs-BUIDLing-Argentinas-Crypto-Future))** - Argentina is committed to matching the investment up to $50k USD for every Argentine blockchain project that receives funding from Binance Labs. - Argentina already allows you to top up train cards with Bitcoin. - [Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme](https://news.bitcoin.com/leaked-transactions-banks-billion-money-laundering/) - The Organized Crime and Corruption Reporting Project (OCCRP) non-profit - published a set of reports this week detailing a complex money laundering scheme “to channel billions of dollars out of Russia” - over 1.3 million leaked transactions from 238,000 companies, - OCCRP Executive Director Paul Radu elaborated > *Among the counterparties on these transactions were major Western banks such as Citigroup Inc., Raiffeisen, and Deutsche Bank. The dozens of companies in the system also generated $8.8 billion of internal transactions to obscure the origin of the cash.* - Citigroup did not respond to a request for comment, Raiffeisen declined to comment, and Deutsche Bank refused to comment for legal reasons, claiming to have limited access to information on the transactions in question. - Troika Laundromat. “The Laundromat wasn’t just a money laundering system. It was also a hidden investment vehicle, a slush fund, a tax evasion scheme, and much more - Goes deep son - [Death in Vienna](https://www.occrp.org/en/troikalaundromat/death-in-vienna) the story of Erich Rebasso - OCCRP gives out a Corrupt Actor of the Year award. Notable winners - 2013 - Entire Romanian Parliament - 2014 - Putin "Putin has been a finalist every year so you might consider this a lifetime achievement award" - 2016 - Nicolas Maduro - 2017 - Rodrigo Duterte - 2018 [Danske bank](https://www.occrp.org/en/poy/2018/) - "In the past 20 years, they’ve globalized organized crime and autocracy and helped everyone from Mexican drug cartels to Russian President Vladimir Putin to terrorists, autocrats, and almost every global threat," - Runnerups - Putin, Hungarian President viktor Orban, Mohammed bin salman, & Donald Trump - SHOTS FIRED! [Ripple CEO says JPM coin won't be used. LOL](https://www.coindesk.com/ripple-ceo-brad-garlinghouse-on-jpm-coin-other-banks-wont-use-it) [Kraken blasts Coinbase](https://twitter.com/jespow/status/1102346122138333184?s=21) - Rants Getting Hacked Samsung Wallet sucks - Mailbag - Patreon - Exit Please join the conversation in the Discord. We're in there all the time. Rate us on iTunes. Follow CryptoBasicBrent on Reddit. We are not Financial advisers.
Today Adam is joined by Nathan Sexer and Sebastien Borget from The Sandbox, a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. Tune in to learn what their goals are, what amazing partnerships they've managed to secure and how they're planning to bring blockchain gaming to the forefront.Check them out over at sandbox.game!
Welcome to the Crypto Basic Podcast! This time around we're going over one of the hottest topics of today, given the obvious circumstances: what's the safest way to handle assets during the coronavirus economic crash? What assets provide the most security, and could Bitcoin, as the flagship of the cryptoverse, be one of them? All of the above and more on today's episode. Tune in now!Report in the Economic Bulletin from the Kansa City Fed"In recent years, some have questioned whether Bitcoin could also serve as a safe haven. We compare the behavior of government bonds, gold, and Bitcoin from January 1995 through February 2020"They point out that historically during times of financial stress people tend to shift towards safer assetsSafe Haven defined - an asset which is uncorrelated or negatively correlated with riskier assets during times of stressUS Gov securities considered "quintessential safe haven against stock market." but they point out some studies have found Gold behaves this way as well"In theory, Bitcoin’s fixed supply and algorithm-based issuance allow it to be independent from traditional markets, which could make it a desirable asset in times of economic stress."They examine 10-year Treasury note & Gold by looking at correlations of daily returns compared to SP 5001995 to 2020, and they chose this spread to have an equal pre and post bitcoin periodComparisonBunch more charts, essentially showing that10 year Treasury negative and statistically significant correlation across all stress periodsgold has only behaved like a safe haven in certain periods of financial stressBitcoins correlations with the S&P 500 are not statistically significant in any period and positive in all but oneExtra tidbit on current downturn, Bitcoin again has a positive, statistically significant correlation, suggesting it performed like a risk asset in March rather than a safe haven."Overall, our results suggest that the 10-year Treasury has generally exhibited safe-haven behavior, gold has occasionally exhibited safe-haven behavior, and Bitcoin has never exhibited safe-haven behavior since its introduction"Note: We are not financial advisors.
Welcome to another 101 episode, where we go over the basic aspects of a crypto project in order to get an insight into what it is and how it works. This time around, we're taking a look into Kyber with the help of Loi Luu, CEO and co-founder of the project! Loi is a researcher working on cryptocurrencies and the CEO of Kyber Network, an on-chain liquidity protocol that powers decentralized applications, including exchanges, funds, lending protocols, payments wallets and so on. Also, for the Star Wars fans out there, yes - we do address the question that you have in mind. Tune in to learn more!Find more on Loi and Kyber on the following links:Reddit: https://www.reddit.com/r/kybernetwork/Twitter: https://twitter.com/kybernetwork/Telegram group: https://telegram.me/kybernetworkDeveloper group: https://telegram.me/kyberdeveloperWebsite: https://kyber.network/Dev Portal: https://developer.kyber.network/
Welcome to the show people! Today the gang assesses a hot topic - a user claimed on reddit that Binance "took" money from him and it blew up. Even CZ commented and got blasted. Also, we take a look at an admittedly cringy article listing the "7 deadly sins of CZ". What a day. Tune in now!Relevant Links:Reddit user calls out Binance for "accidentally" taking 12061.48 and won't give it back.CZ Responds to the reddit userThe user posts some so called proof proofSome more so called proofAnother user piggy backs off of the hype and posts "7 Deadly Sins of Changpeng Zhao"Wayback machine of CZ calling out OKcoinSo What happened?Text of the Postbackground on the 28th of January I happend to be trading on the futures platform. Due to a mistake by binance my orders weren’t executed and I was liquidated.Well I opened a ticket demanding back my funds. After a couple months of mails every 2 or 3 days. Binance denied everything and weren’t giving back the money, so I opened another ticket. This time I didn’t ask for a refund up front. Binance straight up told me it was their mistake and that they would compensate me 3bnb. Well I didn’t take that well, so I asked for my full amount back.Binance went in to a defensive mode and decided mixing up different cases would settle the issue. (Binance had messed up again and I lost 3600 USDT, so they compensated me 1018 USDT) they told me they had already compensated me and that I shouldn’t ask for more. When I called them out on the fact that the cases weren’t related, they told me they weren’t going to give me the 12061.48 USDT back anyway.I pointed out that by admitting their mistake in this ticket they broke their own policy. It states that Binance has to execute a trade. After I mentioned this they went silent, I have bugged support every 2 days, but I have not received anything as of yet and it has been almost a month.I wanted more people to know as Binance is the biggest in the industry, and they bury the negative very easily. I need your help in demanding an answer for Binance her mistakes.He explained more a little further downIn response to if he got liquidatedI did, but it is more complicated than that. I was trading on the futures platform. My positions weren’t doing well so I made the decision to close them.I have a screenshot of the positions before they were closed and after they were closed. Anyways I closed the positions market bought them. (I was shorting) well you’d think that was it. I screenshotted the fact that I had just 12k left. And it showed no open positions. After 4 hours however I get notifications from my phone that I were about to be liquidated, I opened my phone and my positions were still open. And were almost all liquidated.Binance told me that I experienced the “app disconnection issue” I don’t know what this means. They however told me it is only common on the app and that is my responsibility for not trading on pc.Support shows up to respondhttps://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foxrfbp/CZ Actually shows up to respond.https://www.reddit.com/r/CryptoCurrency/comments/ga027j/binance_accidentally_took_1206148_and_wont_give/foyfpeh/The guy posts a couple of screenshots that really don't say much, tells me he posted proof.Binance support ends their conversation back and forth few hours later.We've already given you the verdict multiple times. You have not provided any more solid evidence that there was a mistake on Binance's side, nor that this error directly caused you to lose any money. Sorry, you can't pressure us into giving you money, be it through misleading social media threads or threatening self-harm as was done in the first ticket. We're happy to approach this legally.So what's this article about CZ?The article starts out with the picture of CZ in shorts and a suit jacket with a giant red circle around it. Remember he was respecting the shit out of the Bermuda culture while he was there, that's where the picture from. So I'm sure this article is good.EnvyI dunno this is pretty loose, but they say this is a sin because OKCoin had fake trading volume, and CZ was their CTO. The article he references was published in 2013, and CS started working there in 2014. CZ left after only 9 months and cited "differences" rather than your normal bullshit nice guy thing.LustThey're really stretching here, but they link to an old post by CZ where he actually goes off on OK Coin. I didn't know this.I dunno what happened with OK coin and Roger Ver, but that is the crux. Some of the key points from this - CZ wasn't paid when he left, his signature was forged after he left, and he was urging them to stop their shady shit by not honoring a deal with Roger and Bitcoin.com.He then goes on to confirm how they are faking volume, how they areusing botsthey were playing with their reserve and might not have itThey encouraged employees to tradehad bad security.This guy's angle is "CZ knew about this and went along with it" somehow.GreedSo now they say he is misleading by calling Binance "the leading cryptocurrency exchange" and then post a screenshot of Coin market cap showing that binance is number 23. I have no idea how he got this number, as they're not below 7 on any of the ways to slice the data.He finally makes his first good point - Binance has ridiculous withdrawal fees.Then he posts all of the shitty ICOs that Binance helped launch and how they tanked.PrideAlright finally he starts making some points that I can get behind. CZ said on twitter that when you raise funds for a project you need to set aside funds to battle fud. He's 100% right. Then Justin sun said he'd donate 100 BTC to fight fud, so CZ matched it?Binance is apparently a part of a PR firm's client list called Cryptoken.So this guy emailed them I guess to hit his gotcha moment. Lol. Spoiler - he didn't gotcha.SlothThis one he puts a bunch of dots together that show CZ and Justin sun know each other, and then posits that that means they're friends. Obviously the easiest way to know someone isn't justin's friend is to find multiple points of social contact.GluttonyHere apparently the bad thing that CZ did was put a tweet that would donate $1 for every retweet to fight covid 19. Well they only got 10k retweets so CZ donated $2M. Wow what a dick. Then he links a video with a thumbnail of CZ with Devil horns that is deleted to nosequitur attack their charity org.WrathThesis here - no one seems to know where they are located. Uhhh you're fuckin kiddingThen he shouts out chico crypto in the comments.Oh god I realized it's on the steem fork.So what do we think of CZ boys?
Welcome to this week's Flagship Friday, our weekly series where we discuss all the latest news from the cryptoverse! This episode actually covers the past two weeks, as we skipped last week due to Thanksgiving. So, tune in to hear about crypto CEOs being appointed as senators, crypto developers being arrested for working with North Korea and what the 5 biggest trends for cryptocurrency in 2020 will be. All of the above -and more- in this episode of the Crypto Basic Podcast. Rapid FireGeorgia Governor Appoints Bakkt CEO Loeffler as New US SenatorSo I'm gonna be honest, I didn't realize Senators could be appointed.Kelly Loeffler stepping in for Johnny Isaakson. Was appointed against the wishes of Trump who wanted someone else.She'll be stepping down from her position to take the seat. Unclear who takes the helm at Bakkt but it will likely be Adam White, COO & former Coinbase exec.Dwight Schrute talks Mona Foundation and BitcoinMona Foundation educates children in need globally. Rainn Wilson, Dwight talks about why you should donate it to help these children. Also trolls bitcoiners a bit jokingly saying its useless and quoting mark cuban who said it was more useless than a banana lol.You can now vote for what Juventus dances when they score a goal with SociosAlex Dreyfus who used to be heavily involved in poker started Socios, a few years ago. You get fan tokens and can vote on stuff with teams they have signed on and one of them is Juventus where you can actually vote what their next goal celebration will beBinance Makes A Deal In IndiaBinance acquired WazirX, an Indian cryptocurrency exchange with 200k users.To launch multiple fiat-to-crypto gateways allowing traders to use the Indian RupeeThailand is putting visas on the blockchaineVisa to help streamline entry into the country. Aussie startup Sharering will provide its blockchain tech and will enable millions of tourists to apply securely for a travel visa online. Could be a big step for real blockchain adoption.FBI arrested a cryptocurrency developer for speaking in North Korea (Tweeted about making this bullish or bullshit - honestly I wanted to really dive into this story as almost a "main story")- KSo is Virgil Griffith a friendly unofficial liason to NK a la Rodman, or helping evade sanctions?On November 28, Griffith was arrested at Los Angeles International Airport.Could have been traveling for holiday cuz he lives in SingaporeFormally arrested for a trip he made in April 2019Acoording to SDNY Justice Department, he supposedly described how blockchain and cryptocurrency technology could be used by the DPRK to launder money.The U.S. federal government says Griffith’s presentation in North Korea constituted a transfer of technology,violates the International Emergency Economic Powers Act and Executive Order 13466Americans can’t export any goods, services, or technology to the DPRK without a license from the Department of the Treasury, Office of Foreign Assets Control (OFAC)Who is Virgil Griffithgained notoriety in the hacker community for creating WikiScannerlinked anonymous edits on Wikipedia to the organizations where those edits originated, using the public IP addresses that are logged by Wikipedia.Showed how companies like Exxon would spin oil rig disaster on their Wikipedia pages, he said he did it to create PR disasters for these companiesIn 2003, the educational software maker Blackboard sued to prevent him from presenting research on security flaws in the company’s software.In 2006 he wrote a paper showing how easy it was to get Mother Maiden names from public records (so stop using it as a security question)2014, Griffith received a Ph.D. in computation and neural systems, moves to Silicon Valley and start working on EthereumThe criminal complaint says he was encouraged by organizer to talk about potential money laundering and sanction evasion because thats what would resonate with audienceSo in his talk "Blockchain and Peace" he talked about blockchain being used to achieve "achieve independence from the global banking system."Here's the brutal part tho...he did ask US State Department because he knew it violated sanctions. Got denied, he went anyway by traveling through ChinaHe tweeted a photo of his visa, writing on Twitter: "Visa to DPRK fixed without passport number.”He also apparently spoke with FBI agent after trip, allowed them to inspect phoneJustin Sun Buys Poloniex(Adam OBVIOUSLY ADAM) Also title is backwards?On Nov 13th Sun admitted to investment in crypto exchange Poloniex.Nov 29th Poloniex acquires Tron Networks largest decentralized exchange. Deal is unknown and what financial value was generated.Dec 3rd Digibyte founder, Jared Tate, posts a twitter thread criticizing Tron and its acquisition of PoloniexSeven hours later Poloniex replies by delisting Digibyte from their platform after a "careful review"Cred on TwitterThe 5 Biggest Trends In Cryptocurrency For 2020 - KFun story, this is from 'Benzinga' so financial news basically, and they got it by talking with the co-founder of a tracking and tax crypto comany (Accointing, Alex Lindenmeyer)The Halveningfrom 12.5 to 6.25 BTCmonths surrounding the 2012 halving, bitcoin price went from less than $10 to more than $100in 2016 it was 400 before halving, double that by the end of the yearOn the other hand, As bitcoin mining becomes less lucrative, the number of miners competing for a block will fall as will the hash rate necessary for mining until an equilibrium is reached.But likely to see a lot of volatility based on speculation\Enter LibraTheir goal was summer of 2020....if they get there =) (just found out Kushner family is one of the financial supporter, mini rant)If it does come in it will be huge though, people who wouldnt touch crypto will have access, think about older people on FB or non tech younger people.The FedsFederal Reserve revealed Central Banks have been exploring the potential of a digital dollarIRS has been more clear about what crypto entails for coming taxesMarket ConsolidatesEven with price falls number of cryptos in market has gotten to 2300Fewer than 33% have a trade volume of more than $100,000With more regulation and structure a lot of the scammy bottom feeders may get squeezed outCrypto And Fintech Hook Upoverarching theme of all of these trends is that cryptocurrency is growing up, becoming mainstream and finally finding actual use cases,Libra itself is (or was) stacked with members from various fintech companies.But mainly they added this section to plug his company,THAT'S A SCAMRecap of some the Top HACKS of 2019 (not like people pretending to be dead) (from a changelly blog)BitrueJune - 5M StolenThey had ADA and XRP stolen, but were able to reach agreements with the exchanges that the funds were sent to to Freeze the funds and recover them.We didn't cover this hackExchange Status - OpenCryptopiaJanuary 2019 - 16MWe covered this one and ran quite a bit of "told you so" material!We still don't know how the hackers got the funds, but it's also just as likely that it was an exit scam.The company went bankrupt, and still owes creditors 2.7M.Exchange Status - ClosedBithumbMarch - 19M Stolen.We covered this back then, this was the hacker we made fun of because they stole EOS and XRP.This wasn't the first time they were hacked, and though they never caught the culprit they believe that since they were previously hacked by the Lazarus NK group, that it might have been related.They covered the hacked funds and took the loss.Exchange Status - OpenBitPointJuly - 32MThis one got BTC, BCH, ETH, and LTC stolen.Bitpoint was one of the biggest Japanese exchanges... they're where a ton of coins were sold to payoff MtGox creditors.While they promised to pay their customers back on a 1:1 basis, I cannot find any information on them actually following through. They did reopen operations in August.Exchange Status - "Temporarily Suspended"BinanceMay - 40.5MWe definitely covered this one. Funduhs are Safeuh.This hack was on BTC where 7,000 of them were stolen, plus BTC from other accounts adding up to somewhere near 7200 BTC.This is when we gave them props for being so transparent.They covered all losses, and created a fund to handle it in the future.Exchange Status - OpenUpBitNovember - 48.5MUpbit is based in South KoreaWas hacked exclusively of ETHThis was fairly recent, and they suspended all trading and moved funds to cold wallets.Again they have promised to fully compensate their users, but the exchange is still down.Quick google of upbit says they're the most trusted crypto exchange.Exchange Status - Operational, and withdrawsl appear to be available.
Welcome to the Crypto Basic Podcast! Today Brent is joined by Amrit Kumar, president of Zilliqa, a high-performance, high-security blockchain platform for enterprises and next-gen applications. Amrit goes over the ins and outs of Zilliqa, how it works and what the project's goals for the future are. Tune in to find out more!Ziliqa's Website: https://zilliqa.com/Amrit's LinkedIn profile: https://sg.linkedin.com/in/amrit-kumar-6aa66151
Hello, ladies and gentlemen, and welcome to this week's Flagship Friday! We do apologize for last week's absence but Brent had to scramble off to NY and Karim and Adam just couldn't figure out a recording time. Lovely lads. Anyway, enough about our inability to function - today we're looking at topics like Brave 1.0 and the Samsung Blockchain being released, Bitcoin's all time highs going under investigation, scams galore (who would've thought?) and much, much more. Bonus: we don't talk about Libra OR Craig Wright. This is truly an exceptional episode. Dive into the cryptoverse with us on this week's Flagship Friday.Rapid FireBrave 1.0 has been releasedIphone and Ipad users now have full access to Brave 1.0 which now gives access to Brave Rewards, Brave Ads, and Brave Shields.Previously in beta, Brave has 8.7 monthly active users and 300k verified publishers already.Ledger Vault secures $150 mil Crime Insurance PolicyLedger Vault, the custody are of hardware wallet manufacturer Ledger has developed a crime insurance policy with broker and risk advisory firm, Marsh and insurance company, Arch Insurance UnlimitedLedger now provides a crime insurance program and protects against third-party theft of the master seed and private keys—even insider theft caused my collusionIran Offering Bounties For Illicit Mining OperationsPreviously reported, Iran is a hot spot for crypto mining with low costs per kilowatt per hour. The Iranian government had to slap a tariff to stop exporting electricity.Now they are offering bounties for up to 20% of damages to anyone who reports illegal mining operations within the country.Coinbase has announced new confirmation requirements.Basically your transactions will get faster for most coins they changed. BTC cut in half, Zcash cut 33%, ETC cut about 40%ish (But still a ton of confirmations)LTC has doubled.Pornhub models were all blocked from using Paypal and had to switch their payout methods. (Use Case)John Mcafee Launches WHACKD — An Epstein didn't kill himself cryptoIt will be launched on McafeeDex.com, his own exchange lol.Was BTC manipulated to reach its historic highs? -KPeer-reviewed study "Is Bitcoin Really Untethered) by UTexas John Griffin, and Ohio state U Amin ShamsBitfinex appears to have massively manipulated the price of Bitcoin in 2017"By mapping the blockchains of Bitcoin and Tether, we are able to establish that one large player on Bitfinex uses Tether to purchase large amounts of Bitcoin when prices are falling and following the printing of Tether."One player associated with more than half of the USDT/BTC exchangeOne of the authors' main hypotheses posited that Bitfinex creates Tether regardless of demand from cash investors. As such, any "additional supply of Tether can create an inflation in price of BitcoinBitfinex of course denied, said paper lacked academic rigor "updates or not"Coin telegraph has a counter articleCircle CEO tweeted response“Exchanges use omni-bus wallets that pool all customer balances and transactions on and off the exchange. So an analysis that shows that ‘a single wallet’ was involved in flows from Bitfinex to other exchanges is meaningless. All it shows is that traders were trading,”People saying all markets are manipulated, which fair. But tether not really addressed imoHistory of Bitfinex and Tether (black brant shoutout) highlights2016 Bitfinex loses 120k btc ($70m), becomes insolvent, just takes 36% from everyone, and they got BFX token, tracking $ denominated losesNot Coinbase after threatning to sue allegedlyBFX tanks, Bitfinex offers to redeem for equity in the company, conveniently at $1 per share. Then they repurchased them at $1They were banking through Taiwan, those banks dont have access to US financial systemSo they were using Wells Fargo as intermediaryWells Fargo announced they would no longer clear USD wires to/from BitfinexBitfnx sues, unsuccessfully.When they lost banking, there were $55m Tether, now $4bThey finally got accepted by Noble Bank in PRTurns out board didnt want them, worried about Bitfinex ruining relationship with BNY Mellon, a holding bank for banks outside US (inside system). Would kill themBut Tether lead a $2m Series A investment in NobleTether deposits hundreds of millions, people figure out who and why, kills Noble Bank, they move to Deltec BankSo bitfinex was using a company called CryptoCapital CorpAppears to be a money laundering operationbasically identified banks with poor compliance controls, opened account pretending to be in real estate, then shuffled money until they got shut down and repeatcustomer would want to deposit money with Bitfinex, they would contact Crypto Capital Corp, who would give them the name, account number, and bank of a shell corporation (with names like “Global Trade Solutions A.G.”), with instructions to wire the shell corporation money with a lie designed to not rouse suspicion from their banks.Reginald Fowler, CCC's principal architext, was skimming 10% of all the depositsDude invested $25m on Alliance of American Football, which crashedIn court Bitfinex claims they thought CCC made money of interest (because they barely charged for service)Then in 2018 regulators froze some of the shell corporation bank accounts and liquidity crisis ensuedAccuses them of using Bitfinex deposits to slowly rebalance that gap ($2.1b on hand is 74% of outstandingFowler has been arrested in the US. Ivan Manuel Molina (President) extradited from Greece to Poland on suspicion of money laundering for drug cartelsSamsung block chain has officially launched. - BFirst I really like their video.Second they're releasing a SDK, which is a Software Development Kit. It makes it easier for companies to build their assets on the chain.The Samsung ecosystem for DApps is supporting ETH.Your Keystore Wallet CAN use BTC as well.This is still in the Samsung Store, not Google PlayFrom the YT Video's Top commentsJesus christ i dont understand a single comment on this videoNow i know how my grandparents feel when i talk about technology.😆The video says NO MIDDLEMAN!! The video also introduce a new middleman his name??.....SAMSUNG I'm confused already🙂Also funny - the video might spoil the next note. It shows a phone with a camera completely embedded in the screen .$24 million worth of bitcoin in a SIM swap attack - KThis according to a WSJ reportMichael Terpin, hit on Jan 7, 20181500 BTC stolen near peak, here's howThey took control of phone number and used forgot psswd to get email accessThey hacked his wallet, and immediately moved and sold tokens"Once a hacker can breach a user's email account, they can scour for proof of asset holdings and subsequently target trading apps, bank accounts, and crypto wallets."Dude was hit with a SIM swap 7 months earlier!He added additional security with AT&T, like asking for 6 digit pin to make changesHe also switched from text authentication to Google authenticationHe kept a portion of his virtual cash in a digital vault called a “native wallet,” which required a string of 12 random words to unlock.The hackers were able to cobble the code together once they hijacked his phone and wormed into his emailApparently a lot of young kids, one was a valedictorian, got caught cuz one police department showed interestTerpin suing AT&T for 224m (200 punitive) for negligence, trying to get them to change thisATT tried to dismiss but a July judge ruled suit can move forwardRandom, turns out someone else is suing ATT for the same thingCalifornia Blockchain Entrepeneur Seth Shapiroalleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 millionalleged that he is currently in possession of chat logs that clearly show the AT&T employees and hackers discussing their plans to use the stolen funds to acquire their dream cars and other valuable objectsThis guy had also asked ATT to prioritize his call and account because he was high riskSomeone is fucking with EOS -BThere's a token called EIDOS that's massively clogging up the EOS network.It seems intentional, and done to prove a point.They have a twitter account - @enumivo Their handle is "Soon - something out of nothing" lol.The whole point of the airdrop is to do maximum transactions. Size doesn't matter.Moving EOS around mines you tokens for the coin.Current block producers don't seem to care.THAT'S A SCAMBe careful what you wish for: the first Cardano copycat emergesFunny title because Hoskinson joked about making it when we saw Cardano Cash and Cardano visionCardano Gold emerges, scamfrequent spelling mistakes and number errors on the project’s homepage"as seen in...." bestcoins, coinhills, foxico, olink..... all fake lolLists advisor, who says hes unaffiliatedCEO of South Korean exchange, CoinUp, receives 16 years in prisonMr. Kang-Mo defrauded investors out of 450 billion won ($384 million)Him, alongside a slew of other execs are receiving varying sentences with the lowest being 6 years in prison.They promised CoinUp customers up to 200% returns on crypto purchased just 4-10 weeks after purchase.They shilled projects that had a very small chance of increasing in value.At one point Mr. Kang-Mo photoshopped a pic of him next to Moon Jae-In that was then displayed in CoinUp offices presumably to mislead potential investors. LOL1930777613_7j3Wq6Ce_rrrrr.jpgRantsFunny story, one of the ways we get stories is sort by top on reddit for week. I misclicked year.Reddit User posts his portfolio from the ICO crazeElectrify.Asia: -95%Oyster Pearl: -99.96%Swarm City Token: -98.11%ZCash: -93%OMG: -93%Request: -93%Storj: -91%Kin: -98%FunFair: -94%Polymath: -98%Bitcoin Gold: -97%TenX: -98%Raiden Network: -96%Synero AMP: -99.6%Power Ledger: -95%Viuly: -99.6%Garlicoin: -94% (Invested 26k holyshit)Iconomi: -94%Augur: -86%Digix Dao: -93%Breaker: -96%Coinmine Red Flag - they are now offering 6.5% APR On holding mined funds in their wallet.
Decentraland. The virtual world where dreams come true and whales reign supreme. Do you have what it takes to walk from parcel to parcel? Will you open a casino or maybe a night club? A shell game perhaps? Mike and Brent talk about this unique project in the crypto space, as well as have some musing about the future. LINKS TO TOPICS FROM THE SHOW Whitepaper ICO Drama 1 ICO Drama 2 Decentraland FAQ Subreddit Website HELP SUPPORT THE PODCAST! PLEASE Subscribe and give us an honest rating on iTunes. These links are all referral links for us, but we use every one of these exchanges and wallets. Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S. CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use. CryptoBasicPodcast@gmail.com 405.440.3260 Theme Music - Neledrax by Earradiate (2017)
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Podcast Details

Started
Dec 21st, 2017
Latest Episode
Jul 23rd, 2020
Release Period
Daily
No. of Episodes
250
Avg. Episode Length
About 1 hour
Explicit
No

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