My Response To Suppoman’s $160,000 Crypto Car Video (Parody)

CrowdConscious

Published in

The Cryptoverse

5 min readOct 8, 2018

Chris Coney’s ‘The Cryptoverse’ crypto podcast curation by CrowdConscious.

On Today’s Episode of The Cryptoverse…

Chris goes over the Top 10 stories of the day, some of which include:

SteemMonsters going live,
Ubex AI ICO hardcap reached & dump,
Bitcoin scaling news,
key exchange data tool,
Binance will give coin listing fees to charity,
FunFair Casino goes live in 4 countries,
and more!

We hope you enjoy this episode of The Cryptoverse and that this format of content curation through Medium is something new to you. Please feel free to leave feedback in the comments.

Watch the episode right here in the article!

Episode Transcript, Notes & Links

Steem monsters battle play begins next week

https://steemit.com/steemmonsters/@steemmonsters/fighting-begins-next-week-the-final-countdown

In the spirit of promoting blockchain applications that have a real world use and the potential for mass adoption, I have been keeping my eye on a collectable card game called Steem Monsters.

It mirrors the classic card games in that you buy booster packs that contain random rare cards etc and then you build decks and play the strategic battle game against other players.

Steem Monsters stands out to me because instead of doing an ICO, they sold packs of cards and did a bit of crowdfunding on Kickstarter.

The actual gameplay is due to launch this coming Sunday so look out for that.

For the investors out there I expect adoption of this game will increase the value of the Steem cryptocurrency.

The reason I’ve gone a bit sour on ICOs is demonstrated by this next story…

UBEX hits ICO hard cap and then dumps

https://coinmarketcap.com/currencies/ubex/

Please if you haven’t yet watched my Truth About ICOs here:

https://www.youtube.com/watch?v=8nw8ARyfOOk&feature=youtu.be

Please do so because it explains a lot. The reason this video doesn’t have many views is because I don’t think people want to hear that truth.

Let me know what you think to it.

If you are interested in the technical side of Bitcoin scaling, this next story is for you

https://www.youtube.com/channel/UCmwaDulmQtX-H8FOSQTKqMg

The recordings from the Scaling Bitcoin 2018 conference have just been uploaded to YouTube, and there is about 11 hours of it.

Here a new tool that I found that will occupy you for a couple of minutes

https://exchangewar.info/

I find this helpful because it gives a concise reference of key exchange data such as the region they are based in, fees, volume, top pairs and even news stories.

I find it interesting that 3 out of the top 10 exchanges are based in Hong Kong and another 2 are listed as being in Japan.

US SEC Sets November 5th Deadline for Reviewing Nine Bitcoin ETF Applications

https://cointelegraph.com/news/us-sec-sets-october-26-deadline-for-reviewing-nine-bitcoin-etf-applications

This was previously reported to be the 26th of October but has been revised.

This relates to 9 ETF proposals from 3 different applicants.

I’ve drawn this line on my charts here because…

https://uk.tradingview.com/chart/9Ly0ynVv/

The 5th of November actually coincides with the end of the current Bitcoin 80-day cycle so fingers crossed this signals the turn point for the next bull market.

Casino Fair is now live using FunFair, but only in 4 countries including Switzerland

https://casinofair.com/

What’s cool and different about this platform is that the games have 3D graphics. Plus because it all runs on Ethereum you have the provably fair gameplay we have come to know and love.

In terms of the price of the FUN token…

https://coinmarketcap.com/currencies/funfair/

It’s taken the same beating as most altcoins but again nice to see the fundamentals getting stronger.

World’s Largest Crypto Exchange Binance Announces All Listing Fees Will Be Donated to Charity

https://cointelegraph.com/news/worlds-largest-crypto-exchange-binance-announces-all-listing-fees-will-be-donated-to-charity

Exchanges get a lot of hate for charging huge listing fees when a project wants their token to start trading.

Exchanges can get away with this because they understand that they are the gatekeepers that determine if the token will be able to find it’s price.

In an effort to combat this, Binance one of the top crypto exchanges has officially announced as of this post:

https://support.binance.com/hc/en-us/articles/360017664751-Listing-Fee-to-Charity

That they will make listing fees transparent and donate them all to charity.

They then direct you to https://www.binance.charity/ to learn more about their charitable work.

Over $8 Billion Dollars Flee Russia in Two Months

https://bitsonline.com/8-billion-dollars-flee-russia/

This is despite many Russian banks offering 7–8% interest on deposits.

Normally that would be one hell of a carry trade.

According to Bitsonline US Congress drafted a bill in August which will enact sanctions against the Russian finance sector.

It’s primarily corporations and businesses that are pulling their money out which adds further speculation that it’s in preparation for the sanctions.

This benefits crypto as a result of what I call the ‘nowhere to run’ syndrome.

As governments and central banks continue to play power games against each other, we the people just want to protect ourselves.

And since crypto sits outside all of this drama, it’s becoming an increasingly attractive prospect.

Crypto Exchange Bitfinex Denies Rumors of ‘Insolvency’ and ‘Banking Issues’

https://cointelegraph.com/news/crypto-exchange-bitfinex-denies-rumors-of-insolvency-and-banking-issues

To my mind there is a bit of a strange logical leap here.

The source of this is that Puerto Rico’s Noble Bank International announced last week that it was looking for a buyer because it had become unprofitable.

They said they had recently lost Bitfinex and Tether as a customer.

I don’t see how Bitfinex choosing to change banks means they are insolvent?

I understand how the bank losing a big customer would be a blow to their profitability, I have no problem with that, but extending that to mean Bitfinex is insolvent is too much of a stretch for me.

If there’s other evidence to suggest Bitfinex is insolvent, fine, but there doesn’t seem to be any. If you have some please post a link in the comments below so we can all take a look.