W3J Daily (9/27): NBA player plans $13.5M STO backed by salary contract, 640 crypto projects ship zero code this year
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Editor’s Commentary:
Altcoin Valuations. Retail investors are in general not piling into new altcoins that solve problems like scalability (e.g. HBAR, ALGO). The largest networks by transactions per day are still BTC, ETH, EOS, TRX. We believe the new networks will have to prove it first, for people to believe it.
Blockchains sorted by highest number of transactions per day. Source: Messari.
- Andrew and Grigor
W3J Daily Editors
web3journal.com
Top News Of The Day:
26-year-old NBA guard Spencer Dinwiddie partners with Paxos to raise $13.5M for a loan STO with a $150k investment minimum. Investors are paid back their principal and interest from the income from his $34.5M three-year salary contract. - Link
640 crypto projects fail to ship a single line of code this year, and they’re collectively worth $415M in total supply market cap value. - Link
Trump’s administration considers Chinese companies from U.S. stock exchanges, Reuters reports.- Link
Nick Tomaino says he’s deeply skeptical of Libra, calls it a “poor man’s MakerDAO” and the tech is just a derivative of Ethereum and other projects, on Laura Shin’s Unchained Podcast. - Link
Upbit ends partnerships with Bittrex, which previously allowed the exchanges to share trading books. Sources speculate Upbit is cancelling its partnership in preparation for listing Kakao’s Klaytn token- Link
FTX hits $100M+ daily volume becoming the 5th biggest volume exchange after Binance, BitMEX, Huobi and OKEx according to their volume monitor. - Link
Facebook COO Sheryl Sandberg expects to be in front of U.S. Congress next month to discuss Libra. - Link
Harbor Square Investments receives a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), reports CoinDesk. - Link
Binance helps British police bust a cybercriminal that resulted in the theft of over $51 million from their victims via phishing scripts. - Link
Unverified rumors say Hashgraph will give more tokens to the last round of buyers ($0.12) to bring their average price to $0.05, after facing complaints of not disclosing earlier $0.001-$0.005 rounds to investors, according to Revelation. - Link
Top Tweets Of The Day:
“1/ in the crypto community, we love to talk about things like
- choice and access
- self-sovereignty
- privacy and consent
- removing rent-seeking
but when we take a hard look at what we've built... the majority of value in our industry is being captured by intermediaries.” - Meltem Demirors (@Melt_Dem)
“India’s crypto ban is highly unfortunate. We need to work to reverse it over time, but till then, the only solution for India crypto entrepreneurs appears to be emigration.” Balaji S. Srinivasan (@balajis)
“The current 365 day model price in @100trillionUSD's stock-to-flow model is $8,285.” - Michael Goldstein (@bitstein)
“venmo is a L2 sidechain for ACH.” - Matthew Vernon (@dApp_boi)
“My experiences with Open Finance:
-Traded tokens on @UniswapExchange
-Bought some @tokensets
-Opened a @MakerDAO CDP
-Lent DAI on @compoundfinance
-Went long ETH on @dydxprotocol
I did all of this without KYC and by using my own wallet.” - Anthony Sassano (@sassal0x)
“Fair warning: The FairWin Ponzi contract can be drained by the owners. There is a separate attack black hats can do if the owners don't stop it (by draining it themselves).
FUNDS NOT SAFU!
Please inform the Chinese to stop throwing money at it.” - Ameen Soleimani 👹(@ameensol)
“Bitcoiners are celebrating the central bank of the 9th most corrupt country in the world considering holding bitcoin
... as Petroleos de Venezuela somehow owns some bitcoin and is desperate to use it to skirt US sanctions.
Common sense indicates this is not at all bullish.” - Alex Krüger (@krugermacro)
“Starship will allow us to inhabit other worlds.” - Elon Musk (@elonmusk)
"Ethereum Killer" Awards
Polkadot - Most Jealous
Hashgraph - Most Patented
EOS - Best Colluding BPs
Dfinity - Best NASA Comparison
Solana - Fewest Nodes
Tezos - Most Lawsuits
Flow - Rookie Moneygrab of Year
Cardano - Best Travel / Fewest Commits
Algorand - Best VC Dump.” - ΔLΞXΔNDΞR (@0x_____________)
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