IOTA founder defeated, declares expulsion, shoots against German „co-founder“

IOTA founder David Sønstebø reveals the background behind his expulsion and shoots Dominik Schiener.

In a new blog entry , IOTA founder David Sønstebø spoke for the first time about his expulsion from the IOTA Foundation. At the same time, he removes all concerns about his health and state of mind, and affirms that the IOTA Foundation „is not broke“.

As Cointelegraph had previously reported , the IOTA Foundation announced the unanimous expulsion of Sønstebø on December 11th.

He is one of the founders of IOTA, who has been one of the co-chairs of the associated foundation since 2017

With his blog entry, Sønstebø now wants to explain his point of view, because he feels the IOTA press release on the separation as „poorly worded, hasty and downright unprofessional“. Accordingly, it would „leave plenty of scope for wild speculation“.

The founder clarifies that while there has been a disagreement between himself and the Foundation, he vehemently contradicts the claim that his interests „conflicted with the interests of the organization.“ He therefore describes such a representation as „grossly false, dubious and slanderous“ of his person.

Rather, the differences of opinion between him and the Foundation „prepared the ground for the subsequent drama“. According to Sønstebø, these differences of opinion include, among other things, that he had spoken out in favor of installing a managing director (CEO) in order to promote the professionalization of the organization, which was rejected by the board of the IOTA Foundation.

In addition, the Foundation would have incorporated many smaller project areas that should actually be outsourced in order to build up the independence of the IOTA ecosystem. This was followed by a dispute about the Foundation’s finances, because after the board of directors neglected this, several project areas were declared to be the foundation’s territory in order to ensure its own raison d’etre and profitability. Sønstebø strictly rejected this capture, which should ultimately have been the reason for his expulsion.

Accordingly, he states:

„There you have it: these are my ‚different interests‘.“

The IOTA founder then addressed several board members, accusing the German board member Dominik Schiener of not having been involved in the founding of IOTA. Sønstebø only brought him in a year after the foundation stones were laid for the project. For this reason he asks Schiener not to call himself a “founder” in the future.

At the end of his blog post, Sønstebø announces that he will reveal more details about his future next year. Even if he is no longer part of the lead IOTA Foundation, he nonetheless wants to continue to participate in IOTA. So he closes with the words:

„This is not the period at the end of the last sentence, but a comma.“

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ALTCOINSLitecoin, Chainlink, Cardano, Bitcoin Cash? Quais alts estão próximos aos níveis que indicam um salto no preço?Ekta MouryaPublicado há 11 horas em 23 de dezembro de 2020Por Ekta Mourya
Altcoins próximos aos níveis que indicam um salto no preço?Fonte: Unsplash

Como o preço da Bitcoin subiu acima de US$ 24.000 e atingiu um novo ATH, esta semana e também durante o último fim de semana, ele atraiu a maior parte da atenção institucional e varejista. Com todo o foco no Bitcoin Revolution, o fluxo de investimento em altcoins secou. Com a queda da demanda, os lucros do altcoin trader sangraram com base em dados sobre os 10 maiores altcoins baseados na capitalização de mercado da CoinMarketCap. Com base em dados históricos e gráficos de preços, a maioria dos 10 maiores altcoins sofreram grandes perdas com queda na demanda e volatilidade. Entretanto, pode haver a possibilidade de um ressalto em relação ao nível de preços atual.

Altcoins próximos aos níveis que indicam um ressalto no preço?

No gráfico acima da Santiment, há uma indicação da MVRV Opportunity e da Divergência da Zona de Perigo. Quando a Altcoins ultrapassa a linha verde, eles têm incorrido em enormes perdas, no entanto, são também os que apresentam a maior oportunidade para a obtenção de lucros nas próximas semanas. Esta métrica relaciona o que aconteceu na corrida de touro de 2017 com a corrida de preços atual.

Durante a corrida de 2017, vários altcoins sofreram uma queda nos lucros, porém, houve uma reviravolta que levou a uma inversão de tendência nos gráficos de preços. Da mesma forma, a maioria dos altcoins – Litecoin, Chainlink, Cardano, Bitcoin Cash, e muitos outros podem estar se preparando para um salto. Várias moedas criptográficas no modelo „Opportunity & Danger Zone Model“ da Santiment sinalizam um ressalto. Para apoiar isto, há um prometido influxo de investimento para altcoins quando o Bitcoin anseia por ser liquidado. E com base no último tweet de Joseph Young, foram liquidados $474 milhões de dólares em anseios Bitcoin em 21 de dezembro de 2020, em 4 horas.

Fonte: $424 Milhões de dólares liquidados ||: TwitterYoung sugere que as liquidações em cascata podem abrir mais oportunidades de compra para os comerciantes de Bitcoin. No entanto, os altcoins podem ver um ressalto após uma correção para o preço da Bitcoin. Postar a queda de volatilidade quando a Bitcoin estiver negociando a um nível de preço estável, assim como fez acima de $18000 e $19000 durante várias semanas, pode haver várias oportunidades de compra para os comerciantes de varejo de altcoins.

Veröffentlicht unter BIOS

Yearn.finance effect: why SushiSwap (SUSHI) is up 75% in one week

Improving fundamentals and a major merger with Yearn.finance could help SushiSwap re-establish itself as one of the dominant DeFi platforms

Over the past 10 days, the price of SUSHI, the native token of the decentralized exchange SushiSwap, has increased by 33%.

At its monthly peak, the governance token had risen 75%, but Bitcoin’s recent 10% correction has negatively impacted SUSHI’s price action. One of the main factors behind SUSHI’s bullish move was a strong relief rally in the decentralised finance sector following a prolonged correction that dominated October.

The most obvious catalyst for SUSHI over the past two weeks has been its merger with DeFi giant Yearn.finance.

On 1 December Andre Cronje, the creator of Yearn.finance, announced a merger with SushiSwap. Over the next week, the price of SUSHI increased by 75%, from $1.541 to a peak of $2.496.

How the merger with Yearn.finance adds value to SushiSwap
SushiSwap is a decentralised exchange operating on the Ethereum network. It began as a fork of Uniswap, the largest decentralised exchange in terms of volume. Through the SUSHI token governance, SushiSwap allows users to control the protocol; in return, SushiSwap distributes a portion of the fees received by the exchange to the token holders.

In September, after reaching an all-time high of $15.97 on Binance, the price of SUSHI suddenly collapsed below $1 following the unexpected sale of $12 million in SUSHI tokens on the spot market by Chef Nomi, the project’s lead developer.

As reported by Cointelegraph, after the community reaction, Chef Nomi returned the funds and transferred control over the project to other developers.

Shortly after the return of the funds, the project started its revival. In the meantime, ownership of the project was handed over to FTX CEO Sam Bankman-Fried. At first, members of the DeFi community perceived this migration as a hostile takeover, but SBF explained:

„I didn’t build SushiSwap. I was summoned and I am doing my best to do the right thing. But it seems that many people are distracted to criticise those who are trying to solve the problem. And I’m not the only one who feels that way.“
SushiSwap has since had a positive turnaround and, eventually, transaction and trading volumes on SushiSwap have returned. According to CoinMarketCap’s data, SushiSwap has processed $51 million in the last 24 hours. Considering that the altcoin market took a hit following Bitcoin’s correction, this figure is relatively high.

The merger between SushiSwap and Yearn.finance is interesting for several reasons. First, it means that SushiSwap will become part of the Yearn.finance ecosystem. Second, it created a strong synergy between the two projects, as Yearn.finance needed a bespoke automated market maker. On 1 December, Cronje wrote:

„In the past I’ve been outspoken about the things SushiSwap has done wrong, but I can’t help but point out how much they’ve done right. In these last few weeks of interacting with 0xMaki I have developed immense respect for his character, abilities and accomplishment.“
What does the future hold for SushiSwap?
In the short term, volume is the key to SushiSwap’s continued growth and bullish trajectory. Currently, Uniswap’s daily volume amounts to approximately $300 million, six times that of SushiSwap.

„We are pleased to announce the start of our audit, yes an audit… for @SushiSwap. Credit goes to @0xMaki for his excellent work in coordinating this.“

In addition to increasing trading volume and active addresses on the platform, SushiSwap is to initiate other collaborations with relevant entities in DeFi and the crypto industry in general.

On 5 December, Quantstamp announced that it had initiated an audit of SushiSwap’s protocol. Once completed, it could further strengthen investor confidence in the exchange and attract more traders to the platform.