Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend
https://www.newsbtc.com/crypto/u-s-federal-panel-claims-cryptocurrencies-can-boost-the-economy-will-it-result-in-bullish-trend/
Going to do what is necessary to get inflation down. Continuing to expect a difficult summer for risk assets before a generational buying opportunity further out.
A very good reminder from Gazzleberry that Satoshipay/Dtransfer/Pendulum are not dependent on the ups and downs of crypto to be successful. It’s all about blockchain which will allow Dtransfer to move currency around the world instantly and at a much lower cost than the current system because they will cut out all the intermediaries that are currently involved. It is a massive daily marketplace that Dtransfer should have first mover advantage in.
thanks TheeDuke - i think we all have to sit it out
you think the same for kr1 too ?
Hope you're right Duke.
Been a hell of a long wait for the big ride to come.
Exactly right - the value in winning the slot is project progression. Interesting for holders but not likely to move the market in this environment.
Despite what you might hear, a 1m raise in crypto is peanuts. If the crypto bear market continues, AMPE also likey trades lower over time as people sell off their rewards, especially if they realise they locked up a token that is also losing value.
My take on things are this feel free to dis agree,firstly there has been a lot of news coming out about amplitude and pendulum,also guild has many sponsorship deals in the wings.The trouble is theres no value attributed to any of these things at present. So blue cant really say anything of value at this moment in time. Therefore it would be a total waste of money. So guys the only thing to do is sit it out or sell its your choice.
Swerve
Morning blu
Agree a couple of updates via rns would prob have got some momentum going.not long ago they were happy to try dilute surely it would be have been easier To justify this if the share price had improved strange bod here although think the company has invested well for growth.
Gla
@ragnaar
indeed !!
and the forex trading is absolutely the game changer !!
happy to agree to disagree with regards RNS required, my reasons for it being RNS worthy are made very clear , no doubt to my mind, and if there is indeed any slight ambiguity or grey area, release it anyway, it keeps the market apprised and keeps Blue Star front and centre , maybe even attracting new investors.... somewhere Blue Star have not been for a few months now.
i am aware i have made this point a little too often, but post the above for ultimate clarity and will leave it there.
In light of the Amber whitepaper (which is quite a complicated and challenging read for us mortals) this article might be of interest.
Decentralized Forex Trading: The Next Evolutionary Step
https://www.financemagnates.com/forex/decentralized-forex-trading-the-next-evolutionary-step/
Forex whitepaper out by Amber (being built on Pendulum)
https://twitter.com/0xamberHQ/status/1544261537543720960
The reference in the Vox article to Dtransfer is particularly encouraging as that is where there is most scope to monetise this very quickly:
“ The rapid progress of Pendulum and the Polkadot ecosystem may allow us to accelerate our mission to offer instant cross-border payments on blockchain sooner than expected. We are considering several options to further decentralise the DTransfer service and further announcements will be made in due course. For now, SatoshiPay’s focus is laying the foundations not only for DTransfer, but for the whole industry, with Pendulum."
If Dransfer can gain first mover advantage this is very big news.
Any idea when this washout is going to end?
Blue Star Capital investee company SatoshiPay has announced that Pendulum’s sister blockchain Amplitude has won Kusama parachain auction #42.
Winning the parachain auction allows Amplitude to plug into the Kusama network as a parachain for a 48-week lease period and allows developers to start building and using dApps on Amplitude. To participate in the auction, Amplitude successfully completed a 'crowdloan', with 24,080 Kusama ("KSM") tokens from 604 contributors, worth approximately $1.2m, locked for the duration of the lease period.
The parachain connection will provide users the ability to utilise tokens, for example, for purchases or payment transfers across multiple blockchains providing the “missing link” between fiat and DeFi through a fiat-optimised smart contract blockchain, enabling Fintech and even traditional forex providers to integrate their fiat services with DeFi applications such as specialised forex AMMs, lending protocols and yield farming opportunities.
Alexander Wilke, SatoshiPay's Chief Executive Officer, commented that:?"The Pendulum ecosystem strategy includes key partnerships with fiat anchors and chain bridges and the incubation of projects in the forex automated market makers and money markets space, along with grant programs for wallets and fintech integrations. The rapid progress of Pendulum and the Polkadot ecosystem may allow us to accelerate our mission to offer instant cross-border payments on blockchain sooner than expected. We are considering several options to further decentralise the DTransfer service and further announcements will be made in due course. For now, SatoshiPay’s focus is laying the foundations not only for DTransfer, but for the whole industry, with Pendulum."
Derek Lew, Chairman of Blue Star Capital said that: “It is truly exciting to see the pace and scale of the progress Alex and the SatoshiPay team are making right now.?The latest news around the Pendulum token pre-sale and other recent developments underline why the board remains confident in the future of this business.”
Pendulum is building the missing link between fiat and DeFi through a fiat-optimised smart contract blockchain based on Polkadot’s Substrate, allowing traditional finance fiat services to integrate with DeFi applications such as specialised forex AMMs, lending protocols or yield farming opportunities. Pendulum is developed by SatoshiPay.
Parachain auctions are those held on the Polkadot and Kusama relay chains to determine which blockchain will connect to available parachain slots to support transactions and provide network security. Amplitude, Pendulum’s sister chain on the Kusama network, already obtained a crowdloan and won a parachain auction. To secure its own parachain slot, Pendulum will need to follow the same procedure on Polkadot.
Thats the key Duke - Kasuma mainnet launch is probably 6-8 weeks (my guess) and I think will tie in with spacewalk lauch as well so the cross bridge network is fully functional, but they could launch a limited functionality version before that and add.
But in the meantime I believe we will get sone development news on Dtransfer as I would think they will want that functionality ready from the get go, and that is RNS worthy as its a revenue generating business, whereas the Kasuma slot (albeit extremely important milestone) is all about testing and proving the chain (at this point).
All just my view.
I liked the bit about the infinite lifespan of ethereum as compared to bitcoin having a limited one.That was interesting ragnarr thank you.
Swerve
*Not out - in
Thanks Duke.
Linking this back to BLU share price, I think the general market will wait for the Amplitude launch on Kusama and assess the subsequent impact on its price before there is any significant change in the prospects for satoshi pay.
I am happy to be wrong and equally, happy to stay out and wiait , albeit impatiently.
GLA
NtD
you are of course entitled to your opinion ppc,
disagree though.
every milestone achievement should be released to the market as a whole, how many serious investors give a rats ass about social media feeds, RNS to the market are regulatory law, social media is most definitely not !!!
this particular milestone does add value to Satoshipay / Pendulum thus it adds value to Blue Star capital.
it was not known that this would be won, the magnitude of the win was not known.
just my thoughts fwiw !!!
Good one that Ragnarr, nice spot.
Interesting times ahead I think.
All the best
Ouz
Anyone invested here for exposure to Satoshipay/Dtransfer/Pendulum might want to listen to what Tim Draper gas to say about the future of finance
https://www.youtube.com/watch?v=ibMh9t9i5bA
I do not believe Blu releasing an RNS re auction outcome will make the SP react, the market is nearly always ahead of the game and this news is already known!
The problem is muscles the Sp is constantly down day after day after day . You can't wonder at the low volumés.
At least Guild is having a better day Up 14.7% on volume of 13 million. Perhaps we will get an RNS regarding Satoshipay/Amplitude tomorrow.
Hi
Great news on securing the Kusama spot for amplitude. I had a quick look this morning but couldn’t find mention of the timelines for the amplitude go live, or the date for AMPE tokens to be distributed and become traceable. Do any of you more clued in peeps have information on these two dates or their expected timeline?
Dave