A new theme is emerging from this COVID19 pandemic: China Distancing.
World wants China to pay. If China doesn’t want to pay – they want to pull out and pull out fast.
Japan has already laid out a stimulus plan that costs close to 20% of its GDP and the kicker, it made provisions for Japanese companies to return to Japan OR move to any country other than China.
The US has long been encouraging companies to ‘insource’, that is, to bring production back to the US. Now that theme is going to take the epicenter of its strategy as the US and the world tries to grapple with the repercussions of this crisis.
What happens if China goes through an economic downturn? How will it impact crypto, specifically, mining operations that support the blockchain networks?
Mining operations may not be impacted
In fact, if China starts losing demand for its labor – they may encourage operations like Mining to step up to continue bringing in the revenue. Too much concentration of mining operations in China may be counter productive in combating nefarious activities.
I think crypto enthusiasts should start contributing, even in a small way, to the mining to support the networks they like. The blockchain protocols have to evolve into more energy efficient systems (like mobile mining or appliance spare resource mining).
World has to upgrade its cyber security systems if it wants to protect itself from exploitation. What good does it do that you bring back the production only to find your citizens (and companies) lose their earnings and intellectual know how in a hack to those nations?
Blockchain being inherently more safe than other standard protocols could gain momentum in this quest for cyber safety.
World may find new production home in India
The closest alternative to China is India. In fact, India has a much younger population demographic than China. It is also a industrious nation. Under the leadership of Prime Minister Modi, India has been campaigning for ‘Make in India’, and it might finally come to fruition this time.
The Supreme Court of India has recently lifted the ban on Cryptocurrencies, as such, we might see an explosion of companies offering blockchain services, including mining operations (possibly using alternative energy options like hydro or wind).
Crypto trading volume may go down, temporarily
China forms a major share of crypto trading volume. If Chinese economy were to take a big hit because of companies pulling out of China, we might see a sharp, albeit short, decline in the trading volume. This will probably correct itself when Chinese turn to crypto trading to make money and with Indians getting onto crypto exchanges (as more services become available in India). The US Digital Dollar will help crypto space as a whole in general and with big brand names entering into the space, there should be an uptick in the crypto trading in the US.
Time will dictate what other repercussions emerge from this black swan event.
Thank you for reading and sharing this article. Stay safe and healthy!
IMPORTANT DISCLAIMER
We have used referral codes where available.
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
There are literally 100s of crypto-experts on YouTube who claim to have cracked the secret code that can make you millions in crypto riches.
Who should you follow?
We have followed many YouTubers, subscribing and unsubscribing to avoid the noise and after having been in this space for over 4 years, we have narrowed our favorite crypto YouTube channels to just a few.
In this article, we will show you our favorite YouTubers and what we like about each one of them.
When it comes to deep analysis, composed demeanor and outright professional crypto channel in the entire space, we have not come across anyone better than Guy.
Not only is he great at the reviews and in depth analysis, if you have followed the channel long enough you will realize that he reviews the gems long before others pick on the momentum.
He picks solid projects, never shills a shitty project to his followers and is upfront about his views which he backs up with solid research.
This is the best no-shill and no bull crypto channel on YouTube in our view.
If you love a bit of quirky, goofy and somewhat out there viewpoints on the crypto space then there is no one better than Tyler at Chico Crypto.
His investigation stretches the boundaries of research (and sometimes common sense) but he does do a bang up job on every video.
I am yet to come across a boring video on this channel. I will admit that his live streams can be a drag sometimes but his followers seem to relish his presence.
You may not like or agree with what Tyler presents on this channel but you will absolutely be floored by the originality.
With under 90K subscribers at the time of this writing, Dan may not be the most popular of the Crypto channels [yet] but his TA analysis is just so easy to follow.
Dan makes it easy for non-technical folks to understand what’s going on in the market in the language of TA.
There are other folks on YouTube who are good at TA but their videos are so obnoxious that they leave you with a massive headache.
Not Dan’s Crypto Capital Venture channel. Dan walks you through the markets in such a calm, composed and professional manner that you might start caring about those candles.
We are forced to share the Best Title for crypto TA on YouTube with Tyler S.
Tyler’s expertise on TAs is quite awesome and he has a funny way of delivering it too.
It doesn’t matter if you are just lurking around the crypto markets or if you trade in the traditional markets…Alessio is one of the best guys on YouTube for great insights into the broad market and its impact on Crypto.
While everyone on YouTube (not the people on this list, of course) is either quick to FOMO or FUD, Alessio is just grounded in fundamentals and technicals.
When you are high on FOMO, he can bring you to the ground.
When you are getting buried in FUD, he can lift you up with facts, not false hopium.
Alessio is personable, professional and an honest guy to follow to understand the markets ahead of others.
Want to stay up-to-date on what’s happening in the crypto space but don’t have time to keep up?
Fear not. AltCoin Daily got you covered.
This channel is just a gem among the channels that bring crypto market updates in a concise and palatable format.
You can sense the dedication in the way Austin brings the updates and his opinions in front of his audience. No wonder the channel has recently hit over 420K subscribers.
Most people will say ‘Freedom’, yet, most of the YouTubers we see on the Tube will be broadcasting from their bedrooms or backyards (nothing wrong with that) but not Dave.
He has been in Thailand and streams his videos directly from the beach.
You will immediately connect with his simpleton style and honest reviews.
He has been touting about Theta when it was trading in cents and now those who followed him are very happy.
Besides Theta, Dave talks about a lot of topics in terms of storing your coins, being careful with people and how to have a long-term plan in space.
We had too many channels to weed out for the TA category and that is why we had to pick two winners, however, Team Underground is a channel we cannot skip.
This underdog channel has been more right about the calls than any other mainstream channel. If you like your TAs and technical side of crypto – be sure to check this channel out.
People either love him or hate him. There is no middle ground when it comes to BitBoy.
Personally, we have to weed out a lot of noise while browsing through his channel since he picks a new project every few days (or weeks) and can become overwhelming.
The guy behind this channel is truly vested in the space. So much so that he recently launched his own crypto project.
It’s definitely refreshing to see the YouTuber taking his expertise into a live project.
The reason we did not list this channel on the BEST list is because of the constant feed of projects he pitches that is a bit overbearing for our taste.
Nevertheless, a great channel and great recommendations.
Conclusion
There are 100s of YouTube channels out there but not everyone is worth your attention. We hope you found some channels of interest through this article.
Note: if we missed any gem of a channel, please let us know and we will be more than happy to add it after review.
Thank you for reading and sharing this article. We appreciate you.
Stay safe and healthy!
IMPORTANT DISCLAIMER
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
ICON’s Orbit Chain Integration Allows Ethereum-Based Digital Assets to Be Transferred to the ICON Network
ICON (www.icon.foundation), one of the world’s largest decentralized networks, today announced an integration with ozys’ Orbit Bridge, allowing Ethereum-based digital assets to be transferred onto the ICON Network. Orbit Bridge is a decentralized Inter-Blockchain Communication (IBC) platform. Its interoperability protocol will help ICON expand its DeFi capabilities by connecting it to other top blockchains and their applications.
This integration brings more value to the ICON Network, specifically its DeFi ecosystem, by bridging assets between different blockchains and bringing more economic activity to the ICON Network. Traders can now take advantage of arbitrage opportunities, and DeFi projects built on ICON can now enable borrowing and lending of assets across different networks and bridges. Ultimately, this all leads to more transactions and more value exchange on the ICON Network.
“The Orbit Bridge integration is an exciting next step for the growth of the ICON DeFi ecosystem, and we look forward to bringing this technology to the community,” said Ricky Dodds, Strategy and Communications Lead at ICON. “As blockchain technology continues to progress, there will be a number of different ways to bridge assets between different networks. For example, we expect to see Orbit Ethereum and BTP Ethereum on ICON when ICON 2.0 launches. We look forward to our continued collaboration with the ozys team.”
Orbit Bridge is already in production with two other blockchains, making ICON the third. The integration will allow the following Ethereum-based assets to be transferred onto the ICON Network:
Orbit Chain – ORC
Ethereum – ETH
Tether – USDT
USD Coin – USDC
Wrapped Bitcoin – WBTC
MakerDAO Stablecoin – DAI
Ren Project – REN
Band Protocol – BAND
Ocean Protocol – OCEAN
Chainlink – LINK
OmiseGo – OMG
Universal Market Access – UMA
Loopring – LRC
Reserve – RSR
Aragon – ANT.
In addition, ICONPOOL will add liquidity pools for all 14 assets and pair them with ICX. ICON will also introduce liquidity mining programs for some tokens. ICON plans to roll out additional DeFi products in Q1 of 2021.
Cryptocurrency Pioneers Anthony Di Iorio, Charlie Shrem, Adam Back, Peter McCormack, Erik Voorhees, Brock Pierce and Jukka Blomberg also join speaker lineup
LABITCONF will feature a scavenger hunt for a $1,000 crypto prize and a closing celebration on the “Moon”
ARGENTINA, December 3, 2020 – Latin American Bitcoin & Blockchain Conference (LABITCONF), the world’s longest running bitcoin and blockchain event in the LatAm region, today announced a special keynote address will be given by Ethereum creator Vitalik Buterin at the LABITCONF virtual event December 7-12, 2020.
Other LABITCONF key speakers include Blockstream Co-Founder Adam Back, host of “What Bitcoin Did” podcast and “Defiance” podcast Peter McCormack, ShapeShift CEO Erik Voorhees, and LocalBitcoins CMO Jukka Blomberg, as well as an “Oldies but Goodies” panel with cryptocurrency’s earliest pioneers including Ethereum Co-Founder Anthony Di Iorio, Bitcoin Foundation Founder Charlie Shrem, and former independent candidate for President of the United States Brock Pierce.
“We are excited to have these top industry leaders and early crypto pioneers headlining our event. Aligning with our space-theme, you could say our roster is like ‘a sky full of stars,” said Rodolfo Andragnes, LABITCONF Chief General Coordinator. “Our attendees can gain valuable insight into blockchain’s journey to look into its future.”
The full LABITCONF event will explore the impact of cryptocurrency on the Latin American and global scene, and its potential for social and financial transformation, all in a one-of-a-kind, free, digital experience. The agenda will be organized into five days, each with a theme: Bitcoin, Policy and Regulation, Bitcoin Development, Decentralized Finance, and Social Impact Projects.
Day six will feature a VR ‘Moon Party’ closing celebration, complete with a live DJ, avatars in spacesuits, a dinosaur park, global art and more. LABITCONF is historically known not only for its content, but for giving attendees a cultural experience through unforgettable, fun, and creative networking events.
All attendees are welcome to participate in the sponsored Seed Pirates‘ scavenger hunt to figure out the 12 word seed (BIP39 dictionary) that opens a prize wallet of $1,000 in crypto. Clues will be floating in the Moon Party in the form of riddles, songs, movies, puzzles and more. Seed Pirates has been running since March and has given out over $5,000 over 30 maps (including one with the 4th of July’s declaration). To participate, register at seedpirates.com and join their Telegram channel to learn more about solving techniques.
All public and private institutions, investors, entrepreneurs, and the general public interested in the technical, political, and legal foundations of blockchain technology are encouraged to attend. Complimentary pre-registration is available at www.labitconf.com.
For more information, follow @LABITCONF on social media and follow the hashtag #LABITCONF2020 on Twitter.