Terra Luna Classic - LUNCTerraClassicUSD - USTC

US BANS USTC + LUNC | CRYPTO NEWS

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“Distribute decision-making power among more deciders, so that each individual decider has less power, and so collisions are more likely to be whistle blown on and revealed.” Vitalik Buterin, the co-founder of Ethereum, recently made the statement in an article on his website. It displays his stance on DAOs and how he believes they are better and more transparent than the typical corporate structure.

Following the Terra Luna UST crash earlier this year that resulted in a loss of over $60 billion. It looks like the issuance and use of algorithmic stablecoins will be banned. According to a report by Bloomberg, the United States House of Representatives have drafted this bill. The bill actually contains a two year grace period for algorithmic stablecoins that are already distributed within the community. They have two years to back their tokens in a different method.

Coinbase and Ethereum Naming Service have partnered up to give Coinbase users a free username. Coinbase is one of the world’s largest exchanges and these usernames can be used instead of the traditional 42 digit addresses. Users can claim their free addresses through a Coinbase browser extension.

00:00-00:26 Vitalik Talks DAOs
00:26-00:57 Stablecoin Ban
00:57-01:24 Coinbase Partner With ENS

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7 Comments

  1. Thanks for the update, was waiting for the update & great Informative video as always !!! 👏❤️

  2. find your knowledge fantastic and the way that you explain is a great help. <I would love to know how you studied this all. <In as much I would like to add to what you have said here the market is in a tug of war with the bull at one side and the bears at the other end. If this is really a bear market rally then Bitcoin is not done going down, just like stocks are not done going down. We are seeing the positions filled, the price goes, up, then a new wave of selling comes in, hit the new orders again and repeat, looks like someone accumulating hard. From a technical perspective, as expected, the price might continue to move lower so this is a normal process and bitcoin is accumulating bullish tradng volume. My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. I have witnessed the last 3 cycles and just before each bull run the amount of bear posts and negativity around crypto is just like it is now. Bitcoin is entering the area of where a bottom will be formed IMO. Please note this could take months and there will likely be further volatility in both directions. Despite the volatility that has ruled the market this year, being a retail trader in the crypto market and implementing strategies/signals from Scott Franklin a professional broker/tradr that has been my mentor, I have accumulated 2.5' btc! in profits although the rates are capricious wiping out some of my profits, people who are open to learning from history, will survive It’s not that difficult. You can reach out to Mr Scott on <ͲeIєɠɾαm his personal handle is @ scottfranklinfx.

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