Fantom TVL Soaring, Walmart Metaverse and Cardano DEX | Crypto Market Update 1.17
Tonga Donation Links | Market Update | Major Crypto News
The island nation of Tonga, which recently announced Bitcoin integration as legal tender, suffered a massive volcanic eruption. The following eruptions saw Tongatapu, the main island, hit by a Tsunami hours later.
Let’s take the time to showcase Tonga, the strength of the crypto community.
Consider a donation to Tonga:
Market Update
The smart contract platform Fantom (FTM) doubled its Total Value Locked (TVL) in the previous month. FTM has seen a +38% increase in TVL during the last seven days, bringing the total locked on the platform to $7.57 billion. In addition, the network has close ties in Dubai, an increasingly growing hotbed for crypto integration. Fantom (FTM) climbed 23% in the past seven days and currently sits at $2.95.
Cardano (ADA) rose 9.5% today, following SundaeSwap announcing a launch date of January 20. The much-awaited announcement will see SundaeSwap become the first live DEX on Cardano after months of delays related to Cardano consensus issues.
Bitcoin (BTC) continues in a tight range with decreasing volume. 42–40k remains solid support to monitor. BTC is down -3.21% to 41.7k.
Total Market Cap (TOTAL) continues a downtrend that began on November 10. TOTAL fell -4.35% today.
Bitcoin Fear and Greed Index: 24 Extreme Fear
“Bitcoin” Google Trends: 33
Bitcoin Options Max Pain (Jan 20): 43K
How to use The Fear and Greed Index for investing
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Major Crypto News
Polygon EIP-1559 upgrades will soon go live on Polygon (MATIC). The upgrade will implement fee-based token burning and allow improved fee visibility.
Walmart enters the metaverse with plans of NFTs, Walmart native tokens, and 3D shopping. The retail giant has sent up to 20 different fillings and published a Lead of Digital Currency job. Link to Walmart shopping video.
Days after State Bank of Pakistan stated that cryptocurrencies are illegal, President Arif Alvi announced that Pakistan should be ready to meet the “Fourth Industrial Revolution,” which includes utilizing blockchain technology. Arif Alvi met with an international panel of blockchain advisors before the announcement.
Cryto.com (CRO) secured a $25M deal with Australian Football League and the affiliated woman’s league (AFLW) for a five-year sponsorship.
ARK ETF, headed by tech investor Cathie Wood, purchased 6.93M shares of SPAC Concord Acquisition Corp (CND). Circle, the stablecoin provider, is scheduled to integrate with Concord Acquisition Corp to go public.
Weekly Watchlist
Cardano (ADA) 1.57
Polygon (MATIC) 2.22
Harmony One (ONE) .32
Fantom (FTM) 2.95
NEWBIES lesson of the day
Lesson 6
Origins of Bitcoin: The Cypherpunks pt.2
Origins of Bitcoin: The Cypherpunks pt.1
I struggled writing the next phase of the cypherpunks movement when I came across an online article documenting the group’s history. So instead of re-writing the same topic, I decided to showcase parts of the article.
Directly from Blockonomi.com, written by Oliver Dale:
By the 1990s a movement of “Cypherpunks” had emerged and was hard at work trying to make Chaum’s ideas reality. Various public-key encryption solutions such as Pretty Good Privacy (PGP) were released. The Cypherpunks were an offshoot of the cyberpunk movement; which combined fascination with the internet and computers with a love of 1980s and 1990s counterculture.
The goal of the Cypherpunks was to use the tools of encryption; invented by the military-industrial complex, to protect individual freedom. A major fear of the Cypherpunks was that government would takeover or subvert their playground in cyberspace.
Cryptography would become the shield that would protect their liberty from big government. They laid their basic ideas out in “A Cypherpunks Manifesto” :
Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.
Many of the Cypherpunks were ideologically opposed to the very idea of government. American Cypherpunks tended to be Libertarians; who view all government as evil. European Cypherpunks were usually Anarchists who viewed both government and big business as evil. The most utopian of the Cypherpunks believed that could use cryptography to create a digital utopia.
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Thanks for reading fam, enjoy the weekend!
Gabi
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