In the meantime.
Central Bank of Saudi Arabia explores CBDCs for local wholesale bank settlements
https://www.cryptopolitan.com/central-bank-of-saudi-arabia-explores-cbdcs/
Moneyman - never say never - just dont want people to have too high expectations. Im not saying 5p is not possible, but it would/could be a while down the line from here and a lot of ducks to fall in line. All the best
Pjb - I would be interested in the fundamentals behind your 40/50% BTC drop from here. The last big fall was caused by a huge black swan event and only caused a 10/15% fall which has now fully recovered and technically broken out of the downward trend. I cannot now see any further black swan events , so it is extremely hard to see why - maybe escalation in Ukraine ?
There is a fundamental flaw in human phycology in that we tend to convince ourselves of the scenario that we want. When the market reaches its peak we think it can go higher and when the market has bottomed we still think it can go lower.
Nobody knows for sure and anyone who tells you they do is lying, but for what its worth I have turned Bull on crypto and am accumulating now for the long haul.
Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery
https://cointelegraph.com/news/bitcoin-due-new-big-rally-as-rsi-copies-2018-bear-market-recovery
For anyone who wants to get a good grip on the AMBER/Dtransfer/Pendulum marketplace Uniswap have just published a paper entitled ‘ On-chain Foreign Exchange and Cross-border Payments’
If you have the time and inclination it can be read here
https://uniswap.org/OnchainFX.pdf
Meet Pendulum’s CEO: Alexander Wilke
https://medium.com/pendulum-chain/meet-pendulums-ceo-alexander-wilke-9f0e68832fb
further to my previous post the current situation with spacewalk bridge is showing that milestone 3 is 40 percent completed, so as milestone 1 and 2 have been approved It looks like Spacewalk is around 80% complete at this point.
For info here are the latest proposed milestone dates.
Phase 4 - Full rollout Pendulum
Due by April 28, 2023 Last updated about 3 hours ago
• DotSama native stablecoin as collateral
• Limit increased to unlimited (daily/tx limits)
Phase 3 - First rollout on Pendulum
Due by February 24, 2023 Last updated about 3 hours ago
• 5 stablecoins integrated • Increase 4x Amplitude total limit • (d…(more)
Phase 3 - Full rollout on Amplitude
Due by February 17, 2023 Last updated about 3 hours ago
Full rollout on Amplitude
• 2+ external vault operators
• Set limit to “temporary final” Amplitude limit (e.g. $100k)
Phase 1 - Launch on Amplitude
Due by January 27, 2023 Last updated about 3 hours ago
• 5 stablecoins configured • Total volume that can be bridged limit…(more)
Phase 2 - Getting external operators on-board [Amplitude]
Due by February 03, 2023 Last updated about 3 hours ago
• Total limit increased to $10k
• 1+ external vault operator
Interesting stats on blockchain development levels last year. Polkadot second only to Ethereum. Bear in mind Polkadot first launched in May 2020. Ethereum 2015, Solana 2019, Cosmos 2016. https://www.developerreport.com/
National Australia Bank creates stablecoin called AUDN: AFR
https://www.theblock.co/post/203614/national-australia-bank-creates-stablecoin-called-audn-afr
I posted this graphic a while ago but there seem to be some new interest here so thought it might be useful to show what pendulum/spacewalk is all about.
https://pbs.twimg.com/media/FZIBEYGXoAAXquH.jpg
Building a Composable Fiat Chain With Interoperable Blockchain Offering:
Pendulum CTO Torsten Stuber on Building a Blockchain Platform for Stablecoin
https://hackernoon.com/building-a-composable-fiat-chain-with-interoperable-blockchain-offering
momentum building !
5 New Tokens Worth Watching in 2023
https://coincheckup.com/blog/5-new-tokens-worth-watching-in-2023/
Blueshoes - great link thank you - one of the more balanced views of the crypto spaces and for what its worth one on the whole, I agree with. Would recommend people take the time to watch.