Fortune Teller Podcast

Fortune Teller Podcast

The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to https://www.teller.finance/

  1. Regulated Exchange with Jay Fraser

    22/04/2022

    Regulated Exchange with Jay Fraser

    Today’s guest on the Fortune Teller Podcast is Jay Fraser, Head of Strategy for BSTX. The goal of BSTX, a regulated exchange, is to make a way for a public exchange that is less tangled and with less resistance. BSTX is powered by tZERO technology and is jointly owned by BOX Digital Markets and tZERO. At the moment, the way to take a company public is complex and the benefits for small businesses does not always surpass the expenses that are involved with taking the business public. While the technological advancements have brought a lot of progression, it has overlooked the chance to improve on the process. Current technology companies are still following the procedures to go public in a near congruent method that the old rail and industrial companies have used for decades, which is a complicated and ineffective process. BSTX will use blockchain for making an easy exchange with price discovery to potentially encourage more firms to go public, allowing them to reach new investors. In return, investors profit in gaining admittance to previously closely held assets. A regulated exchange, like BSTX, allows for the future to better the current incumbent options and permit the offering of price discovery, corporate governance and investor protection, and a simpler path to an IPO. A securities exchange is open to all individuals and not limited to merely accredited and institutional investors. This provides issuers exposure to a larger number and a more diverse amount of investors. BSTX will operate as a facility of BOX Exchange LLC, a national securities exchange that is registered with the Securities Exchange Commission. BSTX shall be a fully automated, price/time priority execution system for the trading of select equity securities, such as exchange traded products (“ETPs”). The current system for companies to take their firms public, like via IPO (Initial Public Offering) is way too complicated to navigate and often too expensive for the average small to medium business owner to use. The entire process does not lend itself to smaller firms seeking investors. BSTX will make a way for them to publicly list their shares that is less complicate and with less resistance. Securities traded on BSTX will usually be obligatory in being registered with the SEC under both Section 12 of the Exchange Act and Section 6 of the Securities Act of 1933. To become a BSTX Participant, the applicant will complete a BSTX Participant Application to be approved by BOX Exchange. Upon approval, the participant will start the onboarding process with the technical team. For more: https://bstx.com/ https://twitter.com/bstxllc https://www.linkedin.com/company/bstx-llc/ -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    38 min
  2. Smart Contracts Powered by Zero Knowledge with Emre Tekisalp

    15/04/2022

    Smart Contracts Powered by Zero Knowledge with Emre Tekisalp

    Today’s guest on the Fortune Teller Podcast is Emre Tekisalp, CEO of O(1) Labs. O(1) Labs current projects are Mina, the world’s lightest blockchain, that is powered by participants, and snarky, an Ocaml front-end for writing R1CS Snarks. Snarky is modular over the backend SNARK library, and comes with backends from libsnark. Mina is the world’s lightest blockchain, at 22kb, letting users quickly and directly access the current state on their smartphone and other blockchains, powered by the users. Mina uses zero knowledge technology, to make for a secure and democratic future we all deserve. One can build on Mina with zkApps, smart contracts made possible by zero knowledge. The SDK is based on Typescript. Users today are compelled to provide their data to centralized entities in order to participate in the modern world. Even in the decentralized side of crypto, there are growing efforts to compel users to give up their data to be able to engage in the crypto space. Mina differs from these centralized crypto businesses with zkApps, smart contracts powered by zero knowledge, to help keep the users in control of their privacy by confirming and sharing proofs of their data, rather than the data itself. You provide proof of your data, as opposed to the data itself. This helps to reduce the chances for your personal information to be hacked or sold. This allows you to be the only owner of your data. With Mina’s light size and off-chain nature of zkapp smart contract computations, Mina’s proof system can be easy to use on other chains. Currently, a bridge is being established between Mina and Ethereum, with the progress that is made here to go towards building trustless bridges on other chains as well. This will help dapps on other chains to make use of the privacy-preserving data verification, as well as the prompt proofs of huge computations and covert login features of Mina’s zkApps. Mina’s zkApps can securely connect with any website and access verified actual data for use on-chain. This allows developers to leverage data on the internet and then bring it on-chain. All of this is done without ever risking the privacy of their users. Many blockchains have become so heavy, that intermediaries are needed to run nodes, which breaks from the primary decentralization promise of blockchain, thus leaving these networks to be more susceptible to a 51% attack. Since Mina’s 22kb blockchain is so light, this means that anyone has the opportunity to easily connect peer-to-peer and formalize transactions like a full node, guaranteeing powerful censorship-resistance and security for the blockchain. For more: https://www.o1labs.org/ https://minaprotocol.com/ -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    28 min
  3. Proprietary Trading in Digital Assets with Ryan Sheftel

    08/04/2022

    Proprietary Trading in Digital Assets with Ryan Sheftel

    Today’s guest on the Fortune Teller Podcast is Ryan Sheftel, CEO of Radkl. Radkl is a new quantitative trading firm bringing institutional-grade experience from Wall Street to the crypto markets by applying quantitative models to digital assets across blockchains. These quantitative methods include sophisticated, high-speed, computerized trading models for the purposes to invest in cryptocurrencies, digital assets, and the “decentralized finance” sectors. With Radkl, one will be able to use electronic market-making on crypto exchanges, with citing prices for an asset during the course of the day and profiting off of the spread between the prices at which the crypto currencies buys and sells. In addition, Radkl aims to be able to execute bilateral trades of digital assets with other companies, such as crypto hedge funds. Radkl is a company that will begin to start proprietary trading in digital assets, from bitcoin to the fast-growing decentralized finance market. In addition, the firm could make trades that keep prices of the ETFs in line with the crypto currency. Radkl is focusing in on building a team of engineers, data scientists and other world-class technologists to accomplish these, and other goals. One of the largest investors into Radkl is Steven Cohen, the billionaire hedge fund manager of Point 72 Asset Management. Radkl is being launched by partners of GTS, a company that trades as much as a billion shares of U.S. stocks a day. It should be noted that Steven Cohen will not be involved in the day-to-day operations of Radkl. It is the support of investors like Cohen, and the involvement of large institutions that have helped to propel the market for crypto to reach new heights, and it is with Radkl that they will be able to reach their goals. Radkl’s goals include the pioneering and implementing of radical alterations in financial technology as will yield unequaled ratios in the global markets and their respective economies. As cryptocurrencies as a market has reached a $2 trillion asset class, the market is still in the very early stages of institutional adoption. When additional professional investors enter the crypto market, the need arises for an institutional player like Radkl to engage in more digital asset transactions. There is no other firm with the proven finance and technology expertise of Radkl in the crypto space at this point. Radkl has both the capabilities and the passion to be a fundamental player in the evolution of both Centralized Finance and Decentralized Finance. For more: https://radkl.io/ https://twitter.com/radklcrypto https://www.linkedin.com/company/radkl/ -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    18 min
  4. Sending and Receiving Money with Vaughan Smith

    01/04/2022

    Sending and Receiving Money with Vaughan Smith

    Today’s guest on the Fortune Teller Podcast is Vaughan Smith, Chief Operating Officer of Bitso. Bitso is a digital exchange system that offers security and allows users to Purchase and Sell Digital Currencies among one another. A user places Buy or Sale orders in the Bitso market, where they are sold to others who wish to Buy or Sell. Bitso Shift is a new option to send, receive, and convert money in different currencies. Your money can cross international borders with the lowest fees. Some options you can do on Bitso include sending and receiving money between the US and Mexico, save USD, and convert USD to MXN with no fees. Bitso Shift helps users to send and receive wire transfers between the US and Mexico, transactions that are normally international, as if they were local. With the integration of Circle’s group, Bitso Shift allows people to wire transfers in a groundbreaking, handy, and fast way. This helps you overcome the traditional banking bureaucracy and headaches. Circle’s group is a regulated money transmitter in the US. Bitso Shift has partnered with Circle’s group to receive, process, and direct USD wires to the receiver of the money. Bitso Shift is currently open for transactions between the US and Mexico. Regardless of if you own a company or simply need to send or receive USD, Bitso Shift has the lowest fees and is the easiest method. Bitso Shift uses USD stablecoins. These are cryptocurrencies that are pegged or backed by the United States Dollar. As such, they help protect users from the volatility of cryptocurrencies and fluctuation in value. Bitso Shift provides 3 main levels within the system, each having certain requirements for the users to comply with. Before upgrading to the next level, Bitso Shift will handle a “Know Your Customer” procedure and use it to verify the identity of our customers to prevent Identity Theft, Financial Fraud, Money Laundering, and other situations. Bitso uses coupons that are codes that are created or redeemed within the platform to deposit or withdraw funds. The coupons allow for transferring funds to another Bitso user, requiring the generation of a coupon and then transferring it to another person so that they can redeem it. The coupons are also for withdrawing funds from your Bitso account. One can redeem the code whenever one decides to do so. Remember that if you lose your coupon, it may not be recovered. For more: https://bitso.com/ https://www.youtube.com/bitso https://www.facebook.com/BitsoGlobal https://twitter.com/bitso https://instagram.com/bitso https://t.me/Bitso_Global -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    29 min
  5. Screening in Real-Time with Ivan Ravlich

    25/03/2022

    Screening in Real-Time with Ivan Ravlich

    Today’s guest on the Fortune Teller Podcast is Ivan Ravlich, Co-Founder and CEO of Hypernet Labs. Hypernet Labs is a cyber infrastructure business creating advanced solutions for both digital commerce, and value transfer. By revolutionizing computer fabric, digital payments, and identities, Hypernet will make increased access to Web 3.0 to both new and experienced users. For corporate customers, you can have identity and compliance requirements via Hypernet’s Web 3, blockchain-based resolution for decentralized applications (dApps), NFTs, and a multitude of business dealing with today’s complex regulatory demands. Hypernet.ID creates a frictionless and auditable instrumentation for certifying and identifying customers on-chain. Hypernet.ID handles all of the required Know Your Customer and Anti-Money Laundering demands with multiple facets. For customer identification: Government issued identity document verification and authentication Facial recognition and matching to the identity document presented by the users Address extraction IP address recognition Regarding Customer Due Diligence: Sanction checks Politically exposed persons checks Adverse media and social media scans And for Ongoing Monitoring: Daily customer screening The Hypernet.ID NFT is burned if a user no longer passes checks Hypernet.ID substantiates government issued IDs in more than 230 nations and uses biometric-based identity confirmations and liveness checks to match the individual to the ID. Once the individual is identified, the potential user is screened in real-time against thousands of global sanctions lists. Once the checks are complete, an on-chain, non-transferrable NFT is minted to their crypto wallet. Hypernet.ID is GDPR and CCPA compliant. Hypernet mints everyone’s Hypernet.ID NFT directly to their wallet on the blockchain. The NFT can then be used instantly by the smart contracts of your dApp or website. Integration efforts for your customer verification are now made easier. Include your tailored Hypernet.ID link in your dApp or website. Users are then directed to Hypernet.ID’s identity confirmation and AML checks. Upon completion, they will be redirected back to your app or site. With new users, this takes minutes to complete. For users who are returning, this takes seconds to execute. For developers, the smart contracts of your dApp access the publicly available, non-transferrable NFT of the user and interact with their account, serving to guarantee that any transfer of value obeys the applicable regulations. Customer’s identities that are submitted are used by Jumio to verify their identity. Details are checked and – if verified – only the company requesting the verification will receive their ID information. The user can burn their NFT at anytime. For more: https://hypernetlabs.io https://hypernet.id/ https://www.linkedin.com/company/gohypernet/ https://twitter.com/GoHypernet https://www.facebook.com/GoHypernet/ -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    33 min
  6. Managing Liquidation Functions Automatically with Josh Rogers

    11/03/2022

    Managing Liquidation Functions Automatically with Josh Rogers

    Today’s guest on the Fortune Teller podcast is Josh Rogers, CEO of Minterest. Minterest aims to offer the highest long term yield in DeFi. The Minterest lending protocol passes on all surplus created directly to its users, providing their best interest. By running its own on-chain settlement and buyback mechanisms, the Minterest protocol automatically disperses the worth it acquires from interest rate, flash loan and liquidation fees to the community. It does this via MNT tokens that it buys on-market, ensuring your highest long-term yields. To ensure users can trust Minterest, Minterest’s auditing procedures are relentless, made to push the qualifications of asset security and secure long-term yields, ensuring your best interest. The asset security is overseen by an array of best-of-class auditors. All of Minterest is designed to make certain that your yield is protected for the long term. Real transparency is because Minterst is not only rigorously audited and backed by the most robust code in the world, its functional clarity gives you total peace of mind. A user-centric layout provides a personal portfolio, along with risk analysis tools, assisting the user to make sophisticated risk and reward decisions with assurance. As users investigate DeFi lending, there's a huge level of opacity when it comes to liquidations. Lenders and borrowers are not provided with sufficient and elaborate data to truly understand their risk profile. At best, one is supposed to know what can be extremely important and oftentimes complicated lending portfolios, with a simple traffic light risk analysis system. These people are supposed to use green, orange and red markers to measure their risk profile, without actually and fully understanding what the colour codes mean. The layperson can see that this is not running in people's highest needs. If one views DeFi lenders through a hypercritical lens, it’s simple to determine that the ones benefiting the most are not the users, but a small group who are profiting from opportunist liquidation methods. Current DeFi options have huge tensions between properly serving their users and ensuring protocol solvency. Solvency means always having enough liquidators circling to start liquidation events, especially during periods of high price fluxes. In turn, these platforms must make sure liquidation fees are profitable enough for liquidators, as well as assuring that liquidation events consistently occur to ensure there will be a steady flow of liquidations. The Minterest protocol manages liquidation functions automatically. The key advantage, beyond Minterest capturing all liquidation fee value, is that Minterest doesn’t need liquidators constantly circling it. Minterest can then authentically answer to its users and truly look after their interests without compromising solvency. Company Website:https://www.minterest.com Social Media: Twitter:https://twitter.com/Minteres LinkedIn:https://www.linkedin.com/company/minterest/ Reddit:https://www.reddit.com/r/Minterest -- The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

    39 min

About

The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to https://www.teller.finance/