FOMO - Crypto News Digest

FOMO Consulting
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A friendly chat about cryptocurrencies, blockchain technology, DeFi, Bitcoin, Ethereum, and more.

  1. 11/06/2019

    FOMO Weekly Episode 3

    In this week's episode we discuss Aragon's potential move to Cosmos, the Libra hearing, China embracing blockchain, and a few other topics.

  2. 10/14/2019

    FOMO Weekly Episode 2

    The second episode of this - still experimental - weekly format. We cover Devcon5, Libra, the FED, decentralized exchanges and more.

  3. 10/07/2019

    FOMO Weekly Experimental Edition

    FOMO is back with an experimental weekly show!

  4. 11/02/2018

    FOMO Daily, 2nd November 2018

    Today’s show is still mostly about Ethereum, as Devcon is still going on in Prague with plenty of news to talk about. The most important one in my opinion is something that’s flying a little bit under that radar, but it marks a huge milestone. It came from Hoard, a company you might have not heard about. Hoard released a new game yesterday, Plasma Dog, and what makes it very special, is that it’s built on OmiseGO’s Plasma MVP, in fact it is the first live Plasma proof of concept ever created. It runs on the OMG Plasma testnet. MetaMask, a browser extension for Chrome and others has been the most important gateway to using decentralized applications on the Ethereum network. MetaMask has become better and better over the years, but it has frightening issues. The worst issue, by far, was that website could simply ping MetaMask for the associated Ethereum addresses, public keys, so any website could have access to the users’ balance, and transaction history. This was known for some time, and MetaMask is finally fixing it. And lastly, John McAfee announced this 2020 bid for US presidency. The popular billionaire and troll extraordinaire doesn’t actually want to win the office, but he thinks a presidential campaign is the best platform to promote cryptocurrencies.

  5. 11/01/2018

    FOMO Daily, 1st November 2018

    We will dedicate this show mostly to Ethereum, as the yearly developer conference, Devcon, is happening in Prague, but before we go there, some good news from Korea. Banking has always been a particular challenge for crypto exchanges. Yesterday, the commissioner of FSC, the Korean equivalent of SEC reaffirmed that as long as cryptocurrency exchanges in the country have adequate AML and KYC systems in place, banks should be able to cater to these companies. So looks like banking problems are gone in Korea. We just wish regulators in other countries would be as sensible as the Korean FSC. With the pop of the ICO bubble, people started to look at Ethereum almost like a scam. And the competition got much stronger, too. Some of the other projects are really good like Stellar or ICON. Long story short, Ethereum, is not in a great shape. But Ethereum is the absolute cornerstone of the ecosystem, 90% of the top 100 market cap coins depend on it, and Devcon is always a great opportunity to inject some enthusiasm into the community. Vitalik gave a long-awaited talk about the scaling efforts. He acknowledged Ethereum today is not what Ethereum was meant to be, the world computer, because of the poor scalability. He also acknowledged that many of the efforts to solve the scalability problems were basically dead ends like super-quadratic sharding. Enter Serenity. Serenity is the new name of the next iteration of Ethereum. It's not a new thing, rather a new name for all the scaling efforts which, as it looks like, are finally pointing to one single direction.

  6. 10/31/2018

    FOMO Daily, 31st October 2018

    You know what’s scary? That the ultimate shitcoin is coming from a government. Yesterday, Venezuela finally started selling Petro, the government coin backed by oil reserves. You know you’ve peak stupidity when the world’s most dysfunctional government tries selling you an overpriced Dash fork, which you can buy with Bitcoin, Litecoin, US Dollar, Euros or Renminbi, but strangely enough, not with Venezuelan Bolivares. Don’t fall for it, guys. Coindesk announced that they have raised $300M dollars in a Series E financing round led by Tiger Global, Y Combinator and Andreessen Horowitz. This brings the valuation of the company to $8B dollars, and the round is widely viewed as preparation for an IPO. A lot to unpack here. We dig deep into the numbers. Devcon 4 is starting today in Prague, so expect to see a lot of Ethereum news in the next couple of days. Probably the biggest news of day zero was the reversible ICO announcement by Fabian Vogelsteller.

  7. 10/30/2018

    FOMO Daily, 30th October 2018

    Before we talk about the news of the last 24 hours... happy 10th birthday, Bitcoin! I’m not saying you look better than ever, that’s unfortunately not the case, but hey, what goes down, will go up, eventually. Some of our Canadian friends have bigger things to worry about than the current price movement, because their Bitcoin disappeared. The fairy small local exchange, MapleChange, informed the community on Twitter yesterday that due to a bug, a hacker was able to steal all the money held in the exchange wallets, and they have no funds to pay back their customers. Hacks do happen, but this particular one smells. Circumstances, including the timing of the hack, early Sunday morning, and the fact that the founder and CEO deleted all his social media profiles point to an exit scam. If you think $6.3M might actually worth the risk, how about 300k? This is how much money the founder and first CTO of Oyster Protocol stole yesterday. He authored the original smart contract for Oyster, issuing the PRL or Pearl tokens, and apparently he left a back door no one noticed despite the contract having been audited multiple times. One exchange which is definitely not shady is Bitstamp. Yesterday they announced that they’ve been acquired by Nexon, one the biggest game developers in Korea, who also own Korbit, the second largest exchange in the country. Looks like nothing is going to change at Bitstamp, or at least not in the short term.

  8. 10/29/2018

    FOMO Daily, 29th October 2018

    Everyone makes mistakes but when you cover Chinese regulations, you have to be a bit more careful than CCN. The site reported that and I'm quoting here: "China’s Merchants are Legally Allowed to Accept Bitcoin and Crypto". But that's totally not what happened and it matters because the market is very sensitive to news coming out from China. So what did happen then? The International Court of Arbitration closed a case where one party refused to transfer crypto to the other party after receiving payment in fiat. The court, which is an arbitration court, so it doesn't make law, it just interprets law, had to decide if existing contract law and general provisions of the civil law do apply in this case. The court did say owning and transferring Bitcoin is not illegal in China, the general civil law provisions should apply, and therefore the contract must be honored. It did not say merchants are legally allowed to accept cryptocurrencies. That's a whole different story, because that is challenging the status of Renminbi, the government fiat currency. BitGo announced the launch of WBTC or wrapped Bitcoin, which is an ERC20 token on the Ethereum blockchain, fully backed by bitcoin. The project will launch in January next year in partnership with Kyber Network and the Republic Protocol. The idea sounds weird at first. Why would you need anything like this? But if you think about it, there are use cases when Bitcoin on Ethereum makes a whole lot of sense. Currently, you cannot use Bitcoin in decentralized applications, because Bitcoin is not very programmable. You can, with some black magic, create smart contracts on Bitcoin, but these are not very... smart. Their functionality is rather limited. Dapps include decentralized exchanges, and you cannot really trade Bitcoin on decentralized exchanges today. With WBTC, you can program Bitcoin like any other ERC20 token. You can write smart contracts for collateralized lending, payments, escrow, et cetera. It sounds weird, and the reaction by the Bitcoin maximalists was not very friendly, as you can imagine, it is actually quite exciting.

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About

A friendly chat about cryptocurrencies, blockchain technology, DeFi, Bitcoin, Ethereum, and more.

Information

  • Creator
    FOMO Consulting
  • Years Active
    2018 - 2019
  • Episodes
    32
  • Rating
    Clean
  • Copyright
    © Copyright FOMO Consulting
  • Show Website
    FOMO - Crypto News Digest