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Silvergate Capital Halts Dividend Payment Amid Crypto Turbulence


• Silvergate, a crypto-friendly bank, announced it has suspended dividend payment on its preferred stock.
• The move is to help preserve capital following the effects of recent turbulence across the crypto ecosystem.
• Following the news, shares of parent company Silvergate Capital (NYSE:SI) fell more than 11% in early morning trading.

Crypto-friendly bank Silvergate has announced the suspension of dividend payment on its series A preferred stock. The move comes shortly after the company reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.

Silvergate, which has been providing banking services to crypto-related businesses since 2013, says the decision is in order to “maintain a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry.” The company added that its Board of Directors will re-examine the payment of quarterly dividends at a later date.

The news of the dividend suspension sent shockwaves through the stock market with Silvergate Capital (NYSE:SI) shares falling more than 11% in early morning trading. The company’s shares had previously been doing quite well, with a decent run up to $20.49 in mid-December before the crypto-craze that followed the launch of Bitcoin futures on the CME pushed them to a high of $33.30 on January 11th.

However, the crypto bear market and the collapse of FTX was too much for the crypto bank which has since seen its shares decline sharply. While the suspension of dividends may have been a necessary move for Silvergate to preserve capital, it is unlikely to be welcomed by shareholders who were hoping for a return on their investments.

It remains to be seen if Silvergate will be able to weather the current storm and resume dividend payment on its series A preferred stock. For now, investors will have to wait and see how the company’s fortunes evolve over the coming months.

Navigating Virtual School Amidst the Pandemic: Students Share Their Experiences


• This article focuses on the experiences of a group of students who have attended a virtual school since the pandemic began.
• It explores the challenges they have faced and how they are managing their social lives, education, and mental health during these difficult times.
• The article also discusses the advantages of virtual schooling and how it can benefit both students and parents.

As the COVID-19 pandemic continues to impact everyday life, more and more students around the world have switched to virtual learning. For many, this means attending virtual school from their homes rather than in the traditional classroom setting. The experience has been a difficult one for many students, and this article will explore the experiences of a group of students who have attended virtual school since the pandemic began.

The students discussed in this article had no prior experience with virtual schooling before the pandemic. They have faced a number of challenges, including difficulty staying motivated, managing their time, and staying connected with their peers. For some, the lack of social interaction has been particularly difficult. They have also had to adjust to virtual classes which can be overwhelming and overwhelming at times.

Despite these challenges, the students discussed in this article have managed to remain motivated and engaged in their studies. They have also taken advantage of the benefits that virtual schooling provides, such as flexible learning schedules and the ability to work on their own pace.

The students have also taken steps to manage their mental health during this time. They have embraced activities like yoga and meditation to help manage their stress and anxiety. Additionally, they have taken advantage of online support groups and counseling to help them manage their emotions.

Overall, virtual schooling has been a difficult experience for these students, but they have managed to make the best of the situation. The students have also seen some of the benefits that virtual learning provides, such as more flexible learning schedules and the ability to work at their own pace. Additionally, the students have embraced activities to manage their mental health, and have taken advantage of online support groups and counseling. This has helped them to cope with the challenges of virtual schooling and remain motivated, engaged, and connected with their peers.

Blockchain Transforming Industries: Unlocking the Possibilities of a Secure and Efficient Future


• Blockchain technology is being applied in a wide range of industries, such as healthcare, transportation, and financial services.
• Blockchain technology is decentralized, transparent, and allows users to exercise control over their assets.
• Businesses are researching and collaborating to find the most effective ways to apply blockchain technology.

Blockchain technology is revolutionizing the way industries operate, allowing businesses to maximize the potential of the technology by bringing it to everyday use. From healthcare to transportation, and financial services, blockchain technology is being applied in a wide range of industries to bring efficiency and security to the forefront.

At its core, blockchain technology is decentralized, which means that it is not controlled by any one entity, but rather by a distributed network of computers. This allows users to exercise control over their assets, without having to rely on any third parties. It also provides transparency, as all of the transactions and activities that take place on the blockchain are recorded and visible to all users.

In addition, blockchain technology is highly scalable, meaning it can handle large amounts of data, transactions, and processing power without experiencing any slowdowns. This makes it an ideal technology for businesses to use in order to improve efficiency and customer experience.

Businesses are researching and collaborating to find the most effective ways to apply blockchain technology. For example, in the healthcare industry, blockchain technology is being used to securely store and share medical data, ensuring privacy and accuracy of patient information. In the financial services industry, blockchain technology is being used to support faster and more secure payments and transfers.

In the transportation industry, blockchain technology is being used to create a transparent and secure supply chain, increasing efficiency and reducing costs. And in the gaming industry, blockchain technology is being used to create new forms of digital assets, such as in-game currencies, items, and virtual worlds.

As more businesses continue to explore the potential of blockchain technology, it is clear that the possibilities are vast and far-reaching. With the introduction of blockchain technology, businesses can create secure and efficient systems, providing customers with a better overall experience. As a result, blockchain technology is transforming industries and bringing the benefits of the new technology to every day life.

Architect Raises $5M Seed Round to Revolutionize Crypto Trading


• Former FTX.US president Brett Harrison has raised $5 million in a seed round for his new project Architect.
• Investors include Coinbase Ventures, Circle Ventures, SV Angel and SkyBridge Capital’s Antony Scaramucci.
• Architect is building new institutional-grade trading technology for the crypto markets.

Brett Harrison, the former president of the US-based crypto exchange FTX, has announced the successful closing of a $5 million seed round for his new venture Architect. The project, which has been in stealth development since September of last year, is focused on creating institutional-grade trading technology specifically designed for the crypto markets.

The seed round was backed by some of the top venture investors in the space, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SV Angel. SkyBridge Capital’s Antony Scaramucci also invested in the project.

Architect is building a suite of trading tools that will make it easier for institutional investors to trade in the digital asset markets. The platform will offer advanced order types, advanced portfolio analytics, and other features designed to streamline the crypto trading experience. It will also offer liquidity solutions, allowing users to access markets in a secure, cost-effective way.

The platform is also developing a range of risk management tools and advanced market surveillance capabilities. These features will help traders identify market risks and take appropriate measures to protect their investments.

In addition to the seed round, Architect has also formed a partnership with the U.S. Securities and Exchange Commission (SEC). The collaboration will help the team develop a compliance framework that meets the SEC’s requirements for digital asset trading.

The team behind Architect is confident that their platform will revolutionize the crypto trading landscape. With its comprehensive set of tools, it has the potential to make trading more efficient, secure, and cost-effective. The team is currently in the process of onboarding new customers and expects to launch the platform in the coming months.

Benutzerbeschwerden online über Bitcoin Up


Der Support ist rund um die Uhr über verschiedene Plattformen wie Live-Chat, Support-Tickets und soziale Medien erreichbar. E-Mails werden in der Regel innerhalb von 12 Stunden beantwortet, aber in manchen Fällen kann es auch länger dauern. Darüber hinaus gibt es ein Hilfezentrum, in dem Benutzer benötigte Informationen finden können. Auf ihrem Telegram-Kanal beantwortet das Admin-Team von Bitcoin Up allgemeine Fragen zur Handelsoberfläche, zum Handel im Allgemeinen und zu Compliance-Fragen. Alle kontospezifischen Informationen müssen jedoch über das offizielle Ticketsystem der Plattform gehen, um Sicherheitsprobleme zu vermeiden. Seien Sie sich bewusst, dass Bitcoin Up sich niemals über private Nachrichten an seine Nutzer wendet, und Sie sollten niemals Ihr Passwort an jemanden weitergeben, der danach fragt, da dies ein üblicher Betrug ist, der auf dem Markt aufgetaucht ist.

Das Bitcoin Up-Support-Team hatte früher den Ruf, extrem unprofessionell und unhöflich zu sein – aber einige Nutzer behaupten, dass dies hauptsächlich auf eine Person zurückzuführen ist, die den Betrieb aufgenommen hat. Seit den Anfangstagen ist das Bitcoin Up-Supportteam deutlich gewachsen und versucht, das Vertrauen der Kunden zurückzugewinnen.

Benutzererfahrung

Es gibt zahlreiche Benutzerbeschwerden online über Bitcoin Up, aber sie beziehen sich meist auf den Hacking-Vorfall und die Unprofessionalität des Supports. Wir haben keine Beschwerden über den Handel oder die Finanzierung der Konten gefunden, aber wir haben Beschwerden über die Leistungsprobleme gefunden, die Bitcoin Up hat, wenn es eine höhere Volatilität der Währungen gibt. Die Probleme sind so häufig und so schwerwiegend, dass die Börse sogar einen neuen Spitznamen bekommen hat – Glitchfinex. Im vergangenen Jahr hat Bitcoin Up viel Geld für die Verbesserung seiner Handelsmaschine ausgegeben, um solche Störungen in Zukunft zu vermeiden.

Die Website ist in dunklen und hellen Themen verfügbar und Sie können auch Benachrichtigungen für Ihren Browser einstellen. Die Plattform und der Inhalt sind auch auf Russisch und Chinesisch übersetzt.

Bitcoin Up UE

Bitcoin Up Sicherheit

Die Börse behauptet, dass 99,5 Prozent der Kundengelder im Cold Storage aufbewahrt werden, während die restlichen 0,5 Prozent in Hot Wallets verbleiben, um die notwendige Liquidität zu gewährleisten. Ihr Cold-Storage-System verfügt über eine Multisig-Funktion und ist geografisch auf mehrere sichere Standorte verteilt.

Auf der Kundenseite bieten sie eine Zwei-Faktor-Authentifizierung sowohl für Anmeldungen als auch für Abhebungen. Eine zusätzliche Sicherheitsebene kann mit der Zwei-Faktor-Authentifizierung mit Google Authenticator, Twilio oder einem anderen physischen Sicherheitsschlüssel eines Drittanbieters, der von FIDO U2F angeboten wird, hinzugefügt werden. Die Börse behauptet, über „fortschrittliche Überprüfungswerkzeuge“ zu verfügen, um zu erkennen, ob das Konto kompromittiert wurde. Zu diesen Tools gehört die Überwachung der Anmeldeaktivitäten auf verdächtige Anmeldungen und IP-Adressen. Abhebungen sind nur von üblichen IP-Adressen mit zusätzlichen Bestätigungen möglich.

Die Börse verfügt über SMS- und E-Mail-Benachrichtigungen und bietet außerdem PGP-Verschlüsselung bei der E-Mail-Kommunikation.

Trotz der „starken“ Sicherheitsvorkehrungen wurde die Börse bereits mehrfach gehackt. Der erste größere Hack ereignete sich im Mai 2015, als ein Hacker 1500 Bitcoins aus der Hot Wallet stehlen konnte. Die Börse war problemlos in der Lage, die geschädigten Nutzer zu entschädigen. Bei einem weiteren Angriff im August 2016 wurde die Frage der Rückerstattung jedoch viel heikler, als 120.000 BTC im Wert von etwa 72 Millionen Dollar von der Handelsplattform gestohlen wurden.

Das Unternehmen gab sofort BFX-Tokens aus, die die 36 Prozent Verluste der Kunden nach dem Vorfall ausgleichen sollen. Bitcoin Up hat bereits einen ordentlichen Prozentsatz ALL ihrer Token zurückgekauft.

Die meisten Sicherheitstools wurden nach und nach zu Bitcoin Up hinzugefügt, so dass diese verfügbaren Funktionen mittlerweile die Vertrauenswürdigkeit von Bitcoin Up im Vergleich zu anderen gehackten Börsen erhöhen.

Le nombre de baleines de bitcoin détenant au moins 100 BTC explose


Les baleines Bitcoin se multiplient quotidiennement, ce qui signifie que les adresses de portefeuilles détenant une plus grande somme de Bitcoin augmentent également.

Le bitcoin est tombé à 8 784 dollars

Comme l’indique Glassnode dans son rapport hebdomadaire sur la chaîne, plus de la moitié du marché détient désormais au moins 100 bitcoins (5,4 millions de dollars). Non seulement ce chiffre sera dépassé ultérieurement, mais les baleines ne semblent pas prêter attention au marché baissier ouvert que connaissent les traders.

Si la tendance des baleines à accumuler des bitcoins se poursuit depuis 12 mois, cela signifie que la tendance baissière d’avril dernier n’a pas affecté les sentiments des baleines lorsque le bitcoin est tombé à 8 784 dollars, après avoir atteint 10 000 dollars à peine quatre mois plus tôt.

La pression d’achat n’est pas terminée car les données sur la chaîne révèlent que le comportement des baleines dans le cycle du marché a été continuellement haussier.

En utilisant le „reverse Risk Metric“, un indicateur avancé chargé de suivre la conviction des hodlers tout au long d’un cycle haussier, plus le prix du bitcoin augmente, plus les hodlers sont susceptibles de vendre des bitcoins en échange de profits plus élevés. Par conséquent, à mesure que le marché haussier progresse, les Hodlers vendent généralement leurs pièces dans l’espoir de maximiser les gains les plus élevés.

Les mains les plus fortes résistent à la tentation de vendre et cette action collective engendre un „coût d’opportunité“. Chaque jour où les Hodlers décident activement de ne pas vendre augmente le ‚coût d’opportunité‘ cumulé non dépensé (appelé la banque HODL).“

En outre, la réserve Risque pèse le rapport entre le prix actuel du marché et le coût d’opportunité cumulé également appelé banque Hodler. Essentiellement, elle analyse et équilibre les incitations à vendre par rapport à la capacité des Hodlers qui ont résisté à l’envie de vendre leurs pièces. Ces mesures augmenteront en fonction du prix du bitcoin.

Les baleines du bitcoin commencent

Lorsque cela se produit, ce qui est généralement le cas après un long marché haussier, les baleines du bitcoin commencent à céder à la nécessité de vendre, et un nouveau cycle de transfert de richesse des détenteurs de longue date vers les nouveaux sera enregistré.

Le même schéma s’applique aux baleines d’Ethereum qui ont également été dans l’affaire d’accumuler une quantité copieuse d’Ether. Comme le dit Glassnode:

„L’accumulation par les petits détenteurs ne se limite pas aux bitcoiners. Depuis mars 2020, les petits détenteurs d’Ethereum avec des soldes < 10 ETH ont accumulé +1,41 % supplémentaire de l’offre en circulation. „

Lorsque cela se produit, ce qui est généralement le cas après un long marché haussier, les baleines de Bitcoin commenceront à céder à la nécessité de vendre, et un nouveau cycle de transfert de richesse des détenteurs de longue date vers les nouveaux sera enregistré.

Le même schéma s’applique aux baleines d’Ethereum qui ont également été dans l’affaire d’accumuler une quantité copieuse d’Ether. Comme le dit Glassnode : „L’accumulation par les petits détenteurs ne se limite pas aux bitcoiners. Depuis mars 2020, les petits détenteurs d’Ethereum avec des soldes < 10 ETH ont accumulé +1,41 % supplémentaire de l’offre en circulation.“

Il più raro Pepe – „NFT più importante nella storia dell’arte“ – viene venduto per 205 ETH


Con più di $ 300M spesi in NFT quest’anno, non sorprende che uno dei più rari Pepe NFT „Homer Pepe“ sia appena passato di mano per $ 320.000.

Il Pepe più raro di tutti, „Homer Pepe“, è stato venduto per 205 ETH ($ 320.000) secondo il proprietario Peter Kell

La carta unica nel suo genere mostra una metamorfosi tra il personaggio dei Simpson Homer e il famigerato Pepe The Frog.

Pepe è una rana dei cartoni animati creata dall’artista Matt Furie e ha ispirato innumerevoli meme su Internet tra cui Rare Pepes, uno dei primi esperimenti artistici su blockchain.

Homer Pepe è una carta generata dall’utente dalla piattaforma di oggetti da collezione Rare Pepe sviluppata da Joe Looney nel 2016 e presentata al Rare Art Labs Digital Art Festival nel 2018. La carta è stata acquisita da Kell alla prima asta dal vivo per l’arte blockchain per $ 38.500 – si dice che fosse il prezzo più alto per un token non fungibile, o NFT, al momento. L’artwork è stato recentemente presentato anche nel documentario vincitore del premio Sundance Film Festival, „Feels Good Man“. L’account Twitter ufficiale del documentario ha detto che la carta è stata venduta per più del costo per realizzare l’intero film.

Il nuovo proprietario, TokenAngels , sembra accumulare centinaia di altri NFT nella serie e si è affrettato a ritirare quello più prezioso dopo che è emersa la notizia che era in palio

„Ho dovuto vendere alcuni punk in fretta“, ha spiegato TokenAngels riferendosi ai CryptoPunks collezionabili. „Era per molto meno del loro valore, ma era così importante raccogliere i fondi per effettuare la transazione in tempo!“. Joe Looney ha agito come deposito a garanzia per la vendita.

Il noto artista Matt Kane, premiato quest’anno nella Top 100 di Cointelegraph, aveva precedentemente creato un’opera d’arte tributo a Homer Pepe e il suo tweet ha attirato l’attenzione sul fatto che Kell stava cercando di vendere l’originale.

Kane ha dichiarato: „Vedo HOMERPEPE come la NFT più importante nella storia dell’arte perché la sua vendita di titoli nel 2018 ha influenzato molti degli artisti crittografici originali a credere che potremmo mettere la nostra arte al lavoro costruendo sia un mercato che la convinzione intorno a questa nuova tecnologia . „

Le NFT, in generale, hanno registrato una crescita esplosiva quest’anno con oltre $ 300 milioni di vendite generate nei primi due mesi. Il co-fondatore e chief technology officer di OpenSea Alex Atallah ha dichiarato all’inizio di questa settimana che il mercato è cresciuto di oltre il 7.000% rispetto allo scorso anno:

“Dopo il calo di @ 3LAU la scorsa notte, il mercato Ethereum NFT di febbraio ha superato i 300 milioni di dollari. Si tratta di una crescita del 7450% rispetto allo scorso anno „, ha detto il 1 marzo.

DeFi protocol BadgerDAO launches CLAWS stablecoin


New DeFi product: DeFi protocol BadgerDAO launches CLAWS stablecoin

Bitcoin-centric decentralised financial protocol BadgerDAO will launch a stablecoin called CLAWS.

In an announcement on 22 February, the DeFi protocol explains what its new offering will do and why the crypto space needs another stablecoin. CLAWS is a „yield dollar“ similar to those offered by the UMA protocol.

The concept of a yield dollar is that the collateralised Bitcoin System asset has an expiry date – and the closer it gets to the date, the closer it is to its peg. These are minted when a user provides collateral, and Badger will allow two types.

To mint the two types of CLAWS tokens, liquidity providers can use bBadger and wBTC/ETH liquidity pool tokens. For each type of CLAWS, there should be a subset of tokens with a variety of expiry dates.

Using CLAWS for DeFi

The blog post explains that the CLAWS token offering will be created by users taking advantage of additional return opportunities by creating collateralised debt positions (CDPs). They can also be purchased – but prices will vary depending on how much time is left until expiry.

It seems that the primary purpose of the token is to generate more yield-farming incentives through SushiSwap pools:

„Once a user mints CLAWS tokens, they can deposit their CLAWS into a Sushiswap liquidity pool and receive CLAWS-SLP tokens in return. These CLAWS SLP tokens can then be used in a special Badger Sett vault to earn additional rewards.“

Badger’s flagship product is the Sett Vault, where users can deposit different types of tokenised bitcoin (Go to Buy Bitcoins by Instant Transfer Guide), such as wBTC, renBTC or tBTC, to generate automatic returns.

The blog post concludes:

„CLAWS Sett vaults will change the yield farming game by providing a stable asset with multiple income streams. Such a profitable base makes CLAWS an important native asset in the ever-evolving DeFi space.“

Earlier this month, BadgerDAO partnered with Yearn Finance to create more DeFi earning opportunities based on Bitcoin (Are BTC whales dumping their coins now?).

The protocol includes native tokens BADGER and DIGG. BADGER prices have fallen 15% in the last 24 hours, back to $55 (time of this writing). The token reached an all-time high of $84 on 9 February.

The catastrophe is among us – and driving the Bitcoin


The scenes seen at the US Capitol this week only reinforce the idea of chaos and catastrophe for our societies – and Bitcoin Formula scam is the one that has been getting stronger.

By February 2020, if anyone told you that the world was on the verge of a global catastrophe, most people would understand the phrase more as an exercise in rhetoric than a consistent forecast.

Ten months later, with a paralyzed world, economies in recession, a health crisis still far from over, and mistrust contaminated by all sectors of society, the catastrophe seems increasingly close to reality.

The scenes seen in the United States this week, with a horde of supporters of defeated President Donald Trump wearing T-shirts with Nazi messages, Confederate flags, guns at the waist and horns on his head invading the U.S. Congress in the most important week in its history in at least 40 years, only reinforce the apocalyptic scenario.

If the largest nation in the Western world allows depressing scenes like those seen this week, what will the rest of the world say?

In an article published this week, Jeffrey A. Tucker, director-editor of the American Institute for Economic Research, addresses various aspects of the coronavirus pandemic, particularly the nations‘ response to the health crisis, with the imposition of severe lockdowns and closure of the economy.

For the American economist, the decision of governments to confine populations and restrict economic activity under sanitary justifications is absurd. The United States, like Brazil, has continental dimensions, which makes the imposition of lockdowns – escalated by the legislative independence of the 50 U.S. states – very controversial and complicated.

Despite the sceptical position regarding the dimension of the health crisis and its consequences – more directly: mass deaths – it raises important questions about the pandemic, such as the forced imposition of masks, the severe lockdown as the only possible solution, the passivity of governments to balance the impacts on health and the economy, among others.

Among those who feed and bet on chaos as a tool of political bargaining, the two countries also equate: Donald Trump, stimulating acts in the Capitol, taxing them as „courageous“ for not subjecting the country to WHO impositions and blaming China, the main geopolitical rival of the USA, for the global catastrophe.

Jair Bolsonaro does not have the same „luck“: since the beginning of his mandate, the Brazilian president has been fed with conflicting statements, with the objective of confusing, demoralizing and emptying those who oppose him – the organized Brazilian society, among them the traditional media, universities, governors, mayors, social organizations and agencies of control and civil foment. When criticized, it appeals to exaggeration.

Bolsonaro uses similar tactics, appealing to social chaos as a justification for more drastic measures (all already announced by the president and his allies) taken by the government: closure of Congress and the Supreme Court, paper elections subject to manipulation, more power for the Armed Forces, less power and organization for civil society. The Brazilian president has already tried to put his bluff into practice, but one ingredient was missing: social chaos.

Trump and Bolsonaro present other strategies in common, seeking the enchantment of the masses along the same paths: armed populations, overvaluation of their governments‘ achievements, contempt for the values that formed democracy and republic, and frequent threats to other powers.

Until this week, the threats were based on rhetoric, followed by increasingly less true „denials“. But Trump’s defeat in the elections radicalized discourse – and actions.

In the world experiencing the greatest catastrophe since the two Great Wars, Trump and Bolsonaro saw an opportunity to profit politically, to stimulate the centralization of power and authoritarianism to the limit of what we know as democracy. To do so, they fed millions of people frustrated with the political and civil system of capitalist societies with a populist rhetoric clearly inspired by the fascism of the 1930s/1940s.

The historical distance of the pre-World War II decade – and an era of hyperinformation in which the historical weight of crimes against humanity dissipates into empty debates with invented truths – continues to lead contemporary societies to the same abyss as Hitler and Mussolini – and in very similar conditions. And the power of propaganda – and lies – continues to be fundamental to the survival of capitalist societies.

If World War II marks a break with the authoritarian societies that survived until the 19th century, with the spread of republican and democratic regimes around the world, the coronavirus pandemic, the pressures of the so-called late capitalism, the brutal economic recession that is coming and its still unknown consequences push us into conflict, catastrophe and uncertainty – fuels for those who bet on chaos.

Late or Post-Capitalism

Perhaps one of the most interesting characteristics of late capitalism that we live is the movements of opposition to governments like Trump and Bolsonaro. Until the 2000s, the global right advocated the conservation of values and systems in force, purposely confusing capitalism with democracy.

Today, the ultra-trumpist and stock market right preaches rupture, centralization of power, authoritarianism, the extinction of supposed „privileges for minorities,“ the personalism of leaders, and the end of what we knew as social democracy – a legacy that comes from the Cold War as a capitalist response to socialism. Faced with this scenario, today it is up to the opposition – from the moderate right to the left – to defend the system, democracy, and the republic – politics stopped selling dreams and began to defend the continuity of „everything that is there.

The most radical socialists – who once preached revolution and the communist dictatorship – and conservatives today occupy the same confused boat, reacting to every absurdity with the constitution in one hand, democratic values in the other. None of them responds to the main sentiment of our society, which drives authoritarian figures around the world: collective frustration.

The term „late capitalism“ was first used by German economist Werner Sombart. Although academic articles consider the period between World War II and the late 1970s, since 2016 the term has been used in the United States and Canada to refer to the absurdities, contradictions, crises, injustices and inequalities of modern society. In the Academy, another term has already emerged to refer to contemporary capitalism: post-capitalism.

While the global financial market benefits billionaires, heirs and intermediaries of the most varied sectors (a few thousand a year), the majority of the population – billions of people – live on leftovers in the economy, with less and less purchasing power, less and less possibility of social mobility and – after all, we follow capitalism – less political power.

Bitcoin and chaos

Bitcoin was developed in 2008 by Satoshi Nakamoto, until today a mysterious pseudonym in the cryptoesphere. Nakamoto’s idea was to create a global currency to offer resilience in times of crisis, without the possibility of centralization, with finite and programmed supply, and inflation-resistant price fluctuation.

When the largest cryptomoeda felt the effect of the explosion of the coronavirus crisis in March 2020, falling to $3,800, many doubted Bitcoin’s ability to become a „safe harbor“, crisis-resistant currency, as gold was for centuries. Today, ten months later, with the currency worth ten times as much, Bitcoin’s behavior seems to strengthen its image as an economic protection asset.

Nassim Nicholas Taleb, author of the book Antifragile: Things That Gain from Disorder, defines the term „antifragility“ for assets that „grow in disorder“, and seems to be tailor-made for Bitcoin:

„Antifragility is beyond resilience or robustness. Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder and stress factors and love adventure, risk and uncertainty … The resilient resists shocks and remains the same; the antifragile gets better“.

In November 2020, analyst Pedro Febrero also recognized BTC as an „anti-fragile system,“ recalling:

„After each incident, Bitcoin became stronger in terms of network adoption and price. The probability of continuing to operate successfully under attack (anti-fragility) is much higher than any closed system“.

Bitcoin’s monetary consensus mechanism, according to the head of business development at Unchained Capital, strengthens the „creation of order in chaos“ for cryptomeda:

„By eliminating trust in centralized counterparts, all network participants can trust and ultimately trust that monetary policy is secure and not subject to arbitrary change. It may seem a paradox, but it is perfectly rational. Ultimately, a spontaneous order emerges from the disorder and strengthens as each shock in the exogenous system is absorbed. ”

Obviously, not all financial analysts trust Bitcoin as a response to crises – especially the more conservative ones, who defend „autonomous“ and supposedly „policy-free“ central banks and monetary authorities.

In addition to Bitcoin, its adjacent technology, blockchain, is also cited by a number of experts as one of the possible responses to the global economic crisis.

As reported by Cointelegraph Brazil, David Gibbin, CEO of a software developer for the financial market, Investtools, argued for example that blockchain technology could „free the country from the political and institutional chaos“ that has affected the country since 2014:

„In the current political scenario, where news about corruption and money laundering is increasingly frequent, the population’s desire for transparency tools in governments is inevitable. Although a solution for controlling public spending seems utopian, given the scale of the problem in Brazil, it exists and is in a technology known to many, but really understood by few: the blockchain“.

He goes on to say that „the technology (blockchain) takes away from the government and other corruptible entities the roles of providers and issuers of an increasingly fragile ‚truth‘.

Gibbin is not alone in defending the blockchain in search of transparency and efficiency for the state. In a recent article for Other Words, PUC-SP economics professor Ladislay Dowbor wrote that global indebtedness, among families, companies and governments, reached double the world’s GDP in 2018 – an equation with no apparent solution. He cites a „parasitic capitalism,“ in the words of philosopher Zygmunt Bauman:

„The current system is a success in transforming a huge majority of men, women, old and young into a race of debtors. […] Without half words, capitalism is a parasitic system. Like all parasites, it can thrive for a time, as long as it finds an organism that has not yet been exploited to provide it with food. But it cannot do this without harming the host, thus destroying sooner or later the conditions of its prosperity or even its survival.

The professor reminds us that in Brazil and in the world populations have realized that banks and financial entities have benefited from the financial resources of clients, charging interest on the most varied services, with no counterpart so that their resources are kept in their bank accounts.

„In other words, we have to find in the same technological transformation the basis for our release of the permanent drain to which we are submitted, a toll not only useless but counterproductive,“ he writes. The professor defends disintermediation – another principle of Bitcoin – and cites examples from around the world, including that of cryptomorphs and blockchain technology:

„Do we need these intermediaries? We have the alternatives of cooperative banks (Poland), community development banks (114 already in Brazil), local savings banks (Sparkassen, in Germany), social currencies (the palm, the sampaio and so many others in Brazil), local public banks (Bank of North Dakota), in the United States), credit NGOs (Placements Éthiques in France), direct contact between producers and clients (family farming in Kenya) and even the most radical disintermediation with virtual currencies and commercial exchanges through blockchain technologies. „

In fact, blockchain and Bitcoin cannot solve all contemporary economic problems, especially political and social ones, but they can act in societies by applying one of their key principles: decentralization.

In front of the US Capitol scenes, a Brazilian user on Twitter remembered the blockchain technology to question Donald Trump’s blockchain in the main Western social networks: „If we had decentralized social networks with blockchain technology, none of this would be possible“.

In fact, if this were the case – still applying Bitcoin’s consensus mechanism – maybe neither Donald Trump nor Bolsonaro would be allowed to stimulate the crimes of his followers using social network platforms.

The French project Dune Network proposes a merger with Ton Labs, the former Telegram project


The French Dune Network (DUN) project has been in discussion for several weeks with Ton Labs (TON) to merge their tokens, teams and communities. This merger proposal echoes the recent appointment of Cyril Paglino at the head of Bitcoin Machine platform.

Rumors of merger between Dune and Ton Labs

Rumors of a merger between Dune Network (DUN) and TON Labs seem to echo the appointment of the famous French entrepreneur at the head of Telegram’s ex-project . Indeed, Cyril Paglino has also been CEO of Dune Network since July 2019.

Currently, Dune is reportedly in the final stages of negotiations regarding the merger of the tokens , teams and communities of the two projects. We can read on the Dune Discord:

“We are currently finalizing the details of the merger . We intend to provide more information, and we will organize a vote to assess and react accordingly to community opinion ”.

As a reminder, Dune Network is the result of a fork of Tezos following differences within its community. Dune is powered by the startup Origin Labs from the OCamLPro group. From 2016 to 2018, the team was heavily involved in the design, creation and launch of the Tezos protocol.

Dune Network has been financially supported by renowned investors such as Xaviel Niel , Sean Rad (founder of Tinder) and Marc Simoncini (founder Meetic).

Merger process

As a first step, Dune presented its vision to the Free TON community on December 21 in order to assess and adjust all the details. Thus, the merger process will take place with the agreement of the two communities .

By accepting the proposal, Free TON will agree to allocate an amount of TON Crystal (TON) to the Dune community equal to approximately 9 million TON using a 3-month average of the capitalization between the two tokens.

In addition, the operation will give rise to the development of the infrastructure to carry out the swap, including the creation of a smart-contract on Dune Network. This will allow holders to send DUN tokens and register a corresponding Free TON address on which they wish to receive their TON tokens.

Origin Labs , the research center behind many developments on Dune Network, will focus its work and activities on the developments of Free TON.

If the merger operation is successful, it will be one of the first in the blockchain industry. According to the first feedback, this would have a good chance of succeeding:

“So far the reactions are positive , but if for some reason in the respective votes the project is not adopted then we could rework the proposal so that it is acceptable to everyone. „