welcome back everybody to altcoin daily daily news opinion perspective question of the day
do you think that bitcoin ethereum and cryptocurrency is the future do you think that
there is a bull market on the horizon eventually that this bear market will eventually end do you
think cryptocurrency has a future comment your thoughts below and let me tell you my answer
i do because when i look around in the world today i see things getting more centralized more
permissioned more debased and bitcoin and crypto is an answer to this for instance israel will ban
cash payments over four thousand four hundred dollars or the equivalent amount in shackles on
monday literally banning cash payments censoring you there will be a punishment if you go and pay
more than this for something beginning august 1st israel will ban cash for personal transactions
over four thousand four hundred and business transactions over one thousand seven hundred sixty
they wanna do this because they wanna keep track of where the money is going big transactions
they want to keep tabs on you and they're gonna censor you and they're going to fine you
unless you follow the rules the country will impose fines between 15 and 30 percent of
the relevant transaction value on those who violate the law these are outrageous fines
this law is meant to fight financial crime this is always what they say this is meant to protect you
by promoting the use of digital payments which are easier to monitor my friends this is why we need
bitcoin this is why cryptocurrency and censorship resistant digital payments online are the future
and with that news bitcoin and ethereum are on track for their best month since 2021. let's get
to recent news my friends we'll talk about ethereum ave cardano ticketmaster filecoin
harvard apecoin so much to talk about we'll start right here smash the like button if you appreciate
us coming at you on a daily basis subscribe to the channel first up facebook's metaverse will misfire
according to the creator of ethereum vitalik buterin these are the details vitalik buterin has
said that corporations like facebook's meta that are trying to build the metaverse today will be
unsuccessful in their endeavors vitalik's saying it's not going to work facebook the ethereum
creator says that he thinks the metaverse is going to happen but it's still too early for
corporations to know how it will look meta has indicated that it's committed to the metaverse
since rebranding from facebook but its latest earnings report shows it has some ways to go to
succeed hey so does ethereum as far as metaverse goes right so does the whole cryptocurrency space
i think the future would be better if the quote unquote metaverse was built on an
open protocol that's censorship resistant like ethereum instead of the corporation of facebook
which honestly probably should be broken up at this point it might be getting too big they might
have too big of a monopoly anyways that's neither here nor there let's talk about some
of our favorite altcoins like for instance ave what's going on with these guys there can like
these projects continue to build continue to do big things whether the price is going up or down
bear market bull market build anyway the news is this ave dao approves creating a stable coin
gonna be named go g-h-o the stable coin will be backed by over-collateralized assets that continue
to earn yield how it happened is as follows an overwhelming majority of ave dao voters have
approved creating a new stablecoin the proposal submitted by ave companies was backed by 99.9
of voters who pledged half a million ave tokens in approving the measure to create go a stable
coin that will be backed by collateral consisting of other cryptocurrencies so it's more like maker
less like luna it is over collateralized it is not algorithmic if you don't know ave is
a decentralized non-custodial market protocol that enables users to borrow and lend cryptocurrencies
while providing liquidity to the cryptocurrency market users can earn passive income on digital
assets allocated to a smart contract it is open source and boasts 9.8 billion
in liquidity users looking to mint go will first deposit cryptocurrencies accepted by ave
people who borrow go against crypto assets will still earn interest on the underlying collateral
used to mint the stablecoin the lending protocol will also charge interest on loans
taken out in go with payments going back to the ave dao ave continues to prove why it is
one of the blue chips in the space specifically the ethereum space but now let's pivot to the
cardano space because cardano is now competitive with ethereum ever since enabling smart contracts
middle of last year and with this ledger adds support for 100 cardano native tokens so
tokens being created on the cardano blockchain ledger one of the most popular hardware wallets
the details are as follows leading hardware wallet provider ledger has expanded support for
the cardano ecosystem allowing users to manage 100 such native tokens on their ledger live
app while leveraging the security of the ledger nano as the name suggests cardano native tokens
are assets built on the cardano blockchain these assets behave the same way as ada in most ways
and benefit from the network's features however ada is the principal currency on cardano used for
special purposes such as paying transaction fees the same way eth is used in the ethereum ecosystem
according to the announcement the newly added cryptocurrencies include among others adax dana
drip fire and ledger noted that the tokens are not selected based on their market caps but by
the number of transactions performed over a given period so they want to see people are using these
cryptos there are over 5 million tokens in the cardano ecosystem the network allows developers
to create and distribute native tokens without writing custom code or expensive smart contracts
the hardware wallet manufacturer hinted that more cardano native tokens would be listed in
the future quote 100 native cardano tokens just made their way to your ledger live app there are
many more cardano tokens but for now we decided to support these 100 tokens first meanwhile the
new listing comes just a month after ledger added full support for cardano allowing users to send
receive and manage ada directly from ledger live huge win for cardano and the ecosystem as
a whole let's talk about ticketmaster one of the most popular web 2 ticketing agencies online
ticketmaster scouts productization of enterprise nfts beyond ticketing ticketmaster's job posting
for a product manager of nft ticketing tooling reveals the company's intent to roll out
nft-based enterprise products quote across all content categories including sports and music end
quote so a new job posting by america's biggest ticketing company ticketmaster reveals mainstream
interest in exploring new revenue streams using nfts this is that job description the role is
based in new york ticketmaster aims to support the productization of nfts while complementing the
recently launched nft marketplace so ticketmaster getting into nft is more a continuation of what
they were already doing in the nft space this is what i love to see getting started with nfts
or crypto in 2021 continuing to build and grow in crypto and nfts in 2022. great to see the genie is
out of the bottle more and more people continue to get involved like harvard harvard university
and file coin foundation for the decentralized web plan to preserve digital information a lot
of smart people go to harvard on wednesday the file coin foundation for the decentralized web
ffdw revealed that it was working with harvard university's library innovation lab lill in order
to preserve digital information via decentralized technologies harvard's lille and file coins ffdw
will contribute to the democratizing open knowledge program which aims to help libraries
share knowledge through technology technologies including specific tools like the filecoin network
and the ipfs interplanetary file system the announcement on wednesday further detailed
filecoin's ffdw will help lill harvard forward the idea of increasing access to information
through decentralized technologies in other news apecoin and the board ape yacht club ecosystem
continues to just go at it apecoin dao approves funding a board ape-centric news publication
apecoin dow community members have approved a governance proposal that will fund a board api
club-centric news publication called the board ape gazette with 150 000 for the first year is
that enough for a news publication while the board ape gazette has been in operation since june 1st
2021 the site's operator promises to quote keep the community better informed with plans to ramp
up board ape news coverage the publication's operator insists that he is committed to building
a trusted source of information for his community and i would like to expand the operation into
continuous research analysis and reporting across the ecosystem the board ape gazette's sole writer
and editor figures it will cost 150 000 for the next 12 months of operation and the funds will go
towards quote coverage of all things ape will ramp up from one to two stories a day to three to five
stories a day the fact that they're ramping up is good thing obviously i don't want to downplay it
but also another question i have is are there three to five stories a day in the board ape
yacht club community things they're gonna be doing is saying hey you know this celebrity now owns the
board ape this happened with this board ape hey i wish them luck i would think they'd probably
expand to other nft projects but i have no idea we'll keep you informed with this kind of stuff
finally dokuan terraform labs face class action lawsuit for allegedly selling unregistered
securities perhaps you can get in on this class action lawsuit if this applies to you while most
of the crypto economy's digital assets have seen significant gains this month tara luna
2.0 has been stagnant as it has shed 25 against bitcoin during the last 30 days
luna is down 90 from the tokens all-time high two months ago on may 28th moreover the whistleblower
fatman has revealed that victims of the terror collapse have filed a class-action lawsuit against
terraform labs dokwan and nicholas platius that's it for me today my name is aaron at altcoin daily
just because it's the weekend doesn't mean the cryptocurrency market shuts down make sure you
subscribe we keep you informed on daily basis make sure you check out our interview two interviews
with this expert trader we just released and with that being said i will see you tomorrow