https://simplecast.com DECENTRALIZED In this podcast, host Lorraine Mutyaba, a crypto enthusiast, demystifies the crypto space, sharing what she loves and hates about it, and what she’s learned about the crypto market since she was bitten by the bitcoin bug in 2013. Tune in to hear her discuss cryptocurrencies, crypto news and trends, market cycles, and interesting crypto projects and protocols. Disclosure: I hold some cryptocurrencies. en Mon, 5 Jun 2023 13:01:34 +0000 Fri, 29 Mar 2024 08:59:05 +0000 https://decentralized.simplecast.com DECENTRALIZED https://image.simplecastcdn.com/images/995be3ee-bbc2-4495-be06-38a9f7fea1d2/4abf06af-f8a7-43bf-a52d-8839917b2ab1/3000x3000/whatsapp-image-2022-06-20-at-3-00-20-pm.jpg?aid=rss_feed https://decentralized.simplecast.com episodic In this podcast, host Lorraine Mutyaba, a crypto enthusiast, demystifies the crypto space, sharing what she loves and hates about it, and what she’s learned about the crypto market since she was bitten by the bitcoin bug in 2013. Tune in to hear her discuss cryptocurrencies, crypto news and trends, market cycles, and interesting crypto projects and protocols. Disclosure: I hold some cryptocurrencies. Lorraine Mutyaba no https://feeds.simplecast.com/IVzjFrEi blockchain, crypto, investing, uganda Ham Namakajjo ham@axumoid.com 3c7523f8-d243-4a1f-9d3e-91ffffb755d2 Episode 13: Whataboutism and illegal activities Episode Highlights

  • Crypto does “present opportunities for the downright criminal” but those can be limited and law enforcement’s ability to tackle crypto crime has improved.
  • In certain countries and among certain populations, crypto is an alternative to fiat––it is a store of value, used to conduct cross-border transfers, and serves as a medium of exchange.
  • Most illicit crypto transactions involve centralized crypto entities or exchanges that lack strong know-your-customer (KYC) and anti-money laundering (AML) policies.
  • The decentralized nature of the crypto space necessitates innovative approaches to combat illegal activities. However, its open nature could also limit criminal activity.

Helpful links

]]> Mon, 5 Jun 2023 13:01:34 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/episode-13-whataboutism-and-illegal-activities-rrfC2oqk Episode Highlights

  • Crypto does “present opportunities for the downright criminal” but those can be limited and law enforcement’s ability to tackle crypto crime has improved.
  • In certain countries and among certain populations, crypto is an alternative to fiat––it is a store of value, used to conduct cross-border transfers, and serves as a medium of exchange.
  • Most illicit crypto transactions involve centralized crypto entities or exchanges that lack strong know-your-customer (KYC) and anti-money laundering (AML) policies.
  • The decentralized nature of the crypto space necessitates innovative approaches to combat illegal activities. However, its open nature could also limit criminal activity.

Helpful links

]]> Episode 13: Whataboutism and illegal activities Lorraine Mutyaba 00:10:42 In this podcast episode, Lorraine explores the concept of "whataboutism" as it pertains to illegal activities within the cryptocurrency space. Rather than resorting to this unproductive tactic to deflect concerns about criminal activity, Lorraine advocates for a more nuanced approach that acknowledges these concerns while also presenting a more comprehensive view. Despite the existence of illicit transactions within the crypto realm, data suggest that the vast majority of transactions are not illegal, for example. Furthermore, in regions where confidence in government-backed currencies is low and inflation is rampant, cryptocurrencies are actually adding value by providing a viable alternative to fiat currencies. In this podcast episode, Lorraine explores the concept of "whataboutism" as it pertains to illegal activities within the cryptocurrency space. Rather than resorting to this unproductive tactic to deflect concerns about criminal activity, Lorraine advocates for a more nuanced approach that acknowledges these concerns while also presenting a more comprehensive view. Despite the existence of illicit transactions within the crypto realm, data suggest that the vast majority of transactions are not illegal, for example. Furthermore, in regions where confidence in government-backed currencies is low and inflation is rampant, cryptocurrencies are actually adding value by providing a viable alternative to fiat currencies. cryptocurrencies, crypto no full 13 d6f18c04-5d9a-4562-a1e9-8c9950635df1 Episode 12: The fragility of stable coins: SVB’s failure and the depegging of USDC Episode Highlights

Stable coins were created to provide stability to crypto assets by being pegged to a stable asset like the US dollar. 

Stable coins are integral to the crypto space, and transactions involving them accounted for $1 trillion in 2022.

The failure of SVB caused the value of USDC, the second largest stable coin, to drop to $0.82 on certain protocols, as $ 3 billion of Circle's cash reserves were held by SVB, and only $250,000 was insured. This led to panic among USDC holders, which led to USDC’s drop in value.

Stable coins are subject to the vagaries of human nature and counterparty risks, and their success is dependent on the confidence people have in them. 

There is a need for more robust stable coins, because their usage and adoption is based on their perceived stability.

Additional reading

Fiat-backed stable coins

Stable coin usage and adoption

Crypto-specific news websites

]]> Sat, 8 Apr 2023 14:30:08 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/episode-12-the-fragility-of-stable-coins-svbs-failure-and-the-depegging-of-usdc-oTDQHwAH Episode Highlights

Stable coins were created to provide stability to crypto assets by being pegged to a stable asset like the US dollar. 

Stable coins are integral to the crypto space, and transactions involving them accounted for $1 trillion in 2022.

The failure of SVB caused the value of USDC, the second largest stable coin, to drop to $0.82 on certain protocols, as $ 3 billion of Circle's cash reserves were held by SVB, and only $250,000 was insured. This led to panic among USDC holders, which led to USDC’s drop in value.

Stable coins are subject to the vagaries of human nature and counterparty risks, and their success is dependent on the confidence people have in them. 

There is a need for more robust stable coins, because their usage and adoption is based on their perceived stability.

Additional reading

Fiat-backed stable coins

Stable coin usage and adoption

Crypto-specific news websites

]]> Episode 12: The fragility of stable coins: SVB’s failure and the depegging of USDC Lorraine Mutyaba 00:11:46 In this podcast episode, Lorraine discusses the recent failure of Silicon Valley Bank (SVB) and its impact on the price of stable coins, particularly USDC. She summarizes why USDC lost its dollar peg, what this depegging laid bare, and what it means for crypto users, stable coin issuers, and crypto adopters. She concludes that there is a need for more robust stable coins, and it is incumbent upon stable coin issuers to stress test their innovations and protect their holders In this podcast episode, Lorraine discusses the recent failure of Silicon Valley Bank (SVB) and its impact on the price of stable coins, particularly USDC. She summarizes why USDC lost its dollar peg, what this depegging laid bare, and what it means for crypto users, stable coin issuers, and crypto adopters. She concludes that there is a need for more robust stable coins, and it is incumbent upon stable coin issuers to stress test their innovations and protect their holders usdc, svb, crypto no full 12 294d5966-ec2d-4e85-ba7c-2d588d84c19e Episode 11: A banking crisis that was not fueled by crypto. Episode Highlights

Three US banks, Silvergate Bank, Signature Bank, and Silicon Valley Bank, failed days apart. Although all banks were crypto friendly,  crypto was not to blame for their collapse. Bank runs, dwindling deposits, and losses sustained following the sale of long-date government bonds contributed significantly to their failure. 

Other banks serving disparate customers have experienced similar headwinds. The number of banks willing to serve crypto banks has reduced.USDC and other stable coins lost their $1 peg following the collapse of SVB but have since recovered. 

Additional reading

Collapse of SVB, Signature, and Silvergate

Stable coins depeg

Crypto-specific news websites

]]> Tue, 21 Mar 2023 19:40:39 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/episode-11-a-banking-crisis-that-was-not-fueled-by-crypto-W0GxlKY_ Episode Highlights

Three US banks, Silvergate Bank, Signature Bank, and Silicon Valley Bank, failed days apart. Although all banks were crypto friendly,  crypto was not to blame for their collapse. Bank runs, dwindling deposits, and losses sustained following the sale of long-date government bonds contributed significantly to their failure. 

Other banks serving disparate customers have experienced similar headwinds. The number of banks willing to serve crypto banks has reduced.USDC and other stable coins lost their $1 peg following the collapse of SVB but have since recovered. 

Additional reading

Collapse of SVB, Signature, and Silvergate

Stable coins depeg

Crypto-specific news websites

]]> Episode 11: A banking crisis that was not fueled by crypto. Lorraine Mutyaba 00:10:23 Lorraine discusses the recent failures of the US banks Silvergate bank, Silicon Valley bank (SVB), and Signature Bank, and what caused them⎯macro conditions, a US Fed policy that has had unintended negative effects, poor risk management, and panic. She also explains how this crisis, which was not fueled by crypto, has affected crypto businesses and stable coins. Lorraine discusses the recent failures of the US banks Silvergate bank, Silicon Valley bank (SVB), and Signature Bank, and what caused them⎯macro conditions, a US Fed policy that has had unintended negative effects, poor risk management, and panic. She also explains how this crisis, which was not fueled by crypto, has affected crypto businesses and stable coins. svb, bank run, silicon valley bank, silvergate bank, signature bank, silvergate, crypto no full 11 80999d24-d9f2-4e37-9fb3-7fa87919eb9e E10: The state of crypto affairs in 2023: market recovery and regulation SBF is awaiting trial after being indicted on eight counts, including securities fraud. 

The prices of cryptocurrencies seem to be recovering from their 2022 lows. Tokens and coins associated with layer 2 solutions have outperformed Bitcoin and Ether over the last two months

There have been louder calls for crypto regulation. Japan’s stringent crypto regulation prevented the collapse of FTX Japan; as  a result, FTX Japan’s users will be able to withdraw their crypto assets, unlike those of FTX.com

Crypto regulation should be thoughtful and not stifle innovation.

Additional reading

Link to newsletter

FTX, Genesis, and Gemini

Crypto Regulation

Crypto-specific news websites

]]> Tue, 21 Mar 2023 17:23:07 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e10-the-state-of-crypto-affairs-in-2023-market-recovery-and-regulation-YEV86AqC SBF is awaiting trial after being indicted on eight counts, including securities fraud. 

The prices of cryptocurrencies seem to be recovering from their 2022 lows. Tokens and coins associated with layer 2 solutions have outperformed Bitcoin and Ether over the last two months

There have been louder calls for crypto regulation. Japan’s stringent crypto regulation prevented the collapse of FTX Japan; as  a result, FTX Japan’s users will be able to withdraw their crypto assets, unlike those of FTX.com

Crypto regulation should be thoughtful and not stifle innovation.

Additional reading

Link to newsletter

FTX, Genesis, and Gemini

Crypto Regulation

Crypto-specific news websites

]]> E10: The state of crypto affairs in 2023: market recovery and regulation Lorraine Mutyaba 00:12:34 In this podcast episode, Lorraine discusses the current state of the crypto market and the impact of recent events on the crypto industry. She highlights the negative consequences of incomplete reporting on the industry and suggests the need for more balanced reporting. She also touches on the crypto market, which is showing signs of recovery, the FTX collapse, the bankruptcy of crypto lenders Genesis Global Capital and BlockFi, and the need for regulation of crypto exchanges and lenders. Finally, she highlights the different approaches to crypto regulation in Japan, Uganda, and South Africa. In this podcast episode, Lorraine discusses the current state of the crypto market and the impact of recent events on the crypto industry. She highlights the negative consequences of incomplete reporting on the industry and suggests the need for more balanced reporting. She also touches on the crypto market, which is showing signs of recovery, the FTX collapse, the bankruptcy of crypto lenders Genesis Global Capital and BlockFi, and the need for regulation of crypto exchanges and lenders. Finally, she highlights the different approaches to crypto regulation in Japan, Uganda, and South Africa. crypto regulation, genesis, gemini, ftx, sbf, crypto no full 10 71dece71-7d6a-4805-b1c1-a83ecfdeb26d E9: Crypto News: The Ethereum Merge, collapse of FTX and Alameda research, soul searching in the centralized crypto space. Episode Highlights

  • Ethereum has transitioned to the more energy-efficient proof of stake consensus mechanism.
  • This transition will lead to lower transaction fees, faster transactions, and a 99.5% reduction in energy consumed by the Ethereum network.
  • FTX faced a liquidity crunch in November that eventually led to its collapse, as well as the collapse of its sister company Alameda Research.
  • It appears FTX funneled funds, including user deposits, to Alameda Research to prop it up earlier this year as other centralized entities were failing.
  • Centralized crypto entities have started publishing proof of reserves to reassure customers
  • DeFi protocols have continued to work as programmed. 

Helpful links

Ethereum Merge and Proof of Stake

The FTX Collapse

Proof of Reserves and Centralized Exchange Transparency


 

 

]]> Thu, 26 Jan 2023 12:50:11 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e9-crypto-news-the-ethereum-merge-collapse-of-ftx-and-alameda-research-soul-searching-in-the-centralized-crypto-space-idV7BVyq Episode Highlights

  • Ethereum has transitioned to the more energy-efficient proof of stake consensus mechanism.
  • This transition will lead to lower transaction fees, faster transactions, and a 99.5% reduction in energy consumed by the Ethereum network.
  • FTX faced a liquidity crunch in November that eventually led to its collapse, as well as the collapse of its sister company Alameda Research.
  • It appears FTX funneled funds, including user deposits, to Alameda Research to prop it up earlier this year as other centralized entities were failing.
  • Centralized crypto entities have started publishing proof of reserves to reassure customers
  • DeFi protocols have continued to work as programmed. 

Helpful links

Ethereum Merge and Proof of Stake

The FTX Collapse

Proof of Reserves and Centralized Exchange Transparency


 

 

]]> E9: Crypto News: The Ethereum Merge, collapse of FTX and Alameda research, soul searching in the centralized crypto space. Lorraine Mutyaba 00:12:20 One of the criticisms that has been levelled at the crypto space is that it is not energy efficient. While it is true that blockchains that use the proof-of-work consensus mechanism consume considerable energy, this energy pales in comparison to that consumed by other sectors, such as the banking sector. Moreover, cleaner energy and renewable energy could always be used to secure these blockchains. Switching to a more energy-efficient consensus mechanism could be explored. Ethereum recently transitioned to a proof-of-stake consensus mechanism that will not only make it more energy efficient but ultimately reduce its transaction costs and speeds. The collapse of FTX and Alameda has led to some soul searching in the centralized crypto space, which has experienced several failures this year. As customers have exited centralized exchanges in favor of self-custody and decentralized exchanges, to reassure potential users, centralized exchanges have decided to publish proofs-of-reserve, which though infallible, are a good first step. DeFi exchanges, lenders, and protocols, although imperfect, have continued to work as programmed. One of the criticisms that has been levelled at the crypto space is that it is not energy efficient. While it is true that blockchains that use the proof-of-work consensus mechanism consume considerable energy, this energy pales in comparison to that consumed by other sectors, such as the banking sector. Moreover, cleaner energy and renewable energy could always be used to secure these blockchains. Switching to a more energy-efficient consensus mechanism could be explored. Ethereum recently transitioned to a proof-of-stake consensus mechanism that will not only make it more energy efficient but ultimately reduce its transaction costs and speeds. The collapse of FTX and Alameda has led to some soul searching in the centralized crypto space, which has experienced several failures this year. As customers have exited centralized exchanges in favor of self-custody and decentralized exchanges, to reassure potential users, centralized exchanges have decided to publish proofs-of-reserve, which though infallible, are a good first step. DeFi exchanges, lenders, and protocols, although imperfect, have continued to work as programmed. proof of stake, alameda research, ethereum, proof of reserves, defi, ftx, centralized exchange, ethereum merge, ftx collapse, liquidity crunch, centralized crypto no full 9 767668af-97b1-4080-acdd-11f9360e32db E8: Crypto Adoption: Changing tunes, remittance costs, and stores of value Episode Highlights

  • It has been suggested that cryptocurrencies will never be adopted.
  • BlackRock and Fidelity have given their clients direct and indirect exposure to Bitcoin.
  • The number of crypto wallets has increased by more than 20 times since 2019.
  • Cryptocurrencies, particularly stable coins, are seen as stores of value and a hedge against hyperinflation in sub-Saharan Africa
  • Cryptocurrencies are being used to transfer value across borders, especially in countries with strict capital controls and across remittance corridors that are underserved.

Helpful links

BlackRock, Fidelity, and JPMorgan Chase

Cryptocurrency adoption

]]> Thu, 26 Jan 2023 09:18:55 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e8-crypto-adoption-changing-tunes-remittance-costs-and-stores-of-value-FuZJMcrY Episode Highlights

  • It has been suggested that cryptocurrencies will never be adopted.
  • BlackRock and Fidelity have given their clients direct and indirect exposure to Bitcoin.
  • The number of crypto wallets has increased by more than 20 times since 2019.
  • Cryptocurrencies, particularly stable coins, are seen as stores of value and a hedge against hyperinflation in sub-Saharan Africa
  • Cryptocurrencies are being used to transfer value across borders, especially in countries with strict capital controls and across remittance corridors that are underserved.

Helpful links

BlackRock, Fidelity, and JPMorgan Chase

Cryptocurrency adoption

]]> E8: Crypto Adoption: Changing tunes, remittance costs, and stores of value Lorraine Mutyaba 00:13:38 Is anyone really using crypto? That is the question. Over the last three years, the largest asset managers in the world have changed their tune regarding cryptocurrencies by giving their clients direct and indirect exposure to Bitcoin and Ether, the two largest cryptocurrencies by market cap and arguably the two most valuable cryptocurrencies. In sub-Saharan Africa, currency devaluations and high remittance costs have driven the adoption of cryptocurrencies. Is anyone really using crypto? That is the question. Over the last three years, the largest asset managers in the world have changed their tune regarding cryptocurrencies by giving their clients direct and indirect exposure to Bitcoin and Ether, the two largest cryptocurrencies by market cap and arguably the two most valuable cryptocurrencies. In sub-Saharan Africa, currency devaluations and high remittance costs have driven the adoption of cryptocurrencies. stabel coins, bitcoin, tranfer of value, exposure to, crypto adoption, crypto and remittances, crypto no full 8 d5fff0f3-588a-4cab-95ad-634f5f53d3e6 E7: Crypto basics: Security, 2-factor authentication, backups Episode Highlights

  • Public Wi-Fi is not secure, for the most part. If you must use public Wi-fi, then consider downloading a VPN
  • If you can, use a designated malware-free device for all crypto-related activities, and limit the amount of time that it is connected to Wi-Fi
  • Bookmark all the crypto websites that you frequently visit, and always double- and triple-check their URLs before entering any login credentials
  • Enable multiple-factor authentication for all accounts. The harder it is for you to log into your account, the harder it will be for a bad actor to do so as well.
  • Backup all wallet recovery phrases, keys, and seed phrases, and 2fa recovery codes.

Helpful links

Google Authenticator and Authy

]]> Tue, 11 Oct 2022 06:51:08 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e7-crypto-basics-security-2-factor-authentication-backups-egSe_MHY Episode Highlights

  • Public Wi-Fi is not secure, for the most part. If you must use public Wi-fi, then consider downloading a VPN
  • If you can, use a designated malware-free device for all crypto-related activities, and limit the amount of time that it is connected to Wi-Fi
  • Bookmark all the crypto websites that you frequently visit, and always double- and triple-check their URLs before entering any login credentials
  • Enable multiple-factor authentication for all accounts. The harder it is for you to log into your account, the harder it will be for a bad actor to do so as well.
  • Backup all wallet recovery phrases, keys, and seed phrases, and 2fa recovery codes.

Helpful links

Google Authenticator and Authy

]]> E7: Crypto basics: Security, 2-factor authentication, backups Lorraine Mutyaba 00:11:27 In this episode, Lorraine mentions a few ways you could limit the likelihood of a bad actor gaining access to your funds, as well as how to ensure that you do not lose access to your wallets and accounts. She stresses the need for triple- and double-checking the URLs of all crypto websites and backing up all keys and codes whose loss would separate you from your crypto. In this episode, Lorraine mentions a few ways you could limit the likelihood of a bad actor gaining access to your funds, as well as how to ensure that you do not lose access to your wallets and accounts. She stresses the need for triple- and double-checking the URLs of all crypto websites and backing up all keys and codes whose loss would separate you from your crypto. fake crypto apps, authy, crypto security, google authenticator, 2-factor authentication, fake crypto exchanges no full 7 65c0ebfe-0bcf-4353-ae71-43294afdc7c9 E6: Crypto basics: Private Keys, Public Addresses, and Wallets Episode Highlights

  • Crypto wallets give you access to your cryptoassets; they do not store your crypto
  • Public addresses are derived from public keys, which are derived from private keys; crypto is sent to a public address, while private keys prove ownership of that crypto, allowing you to spend it 
  • Private keys should be kept safe and offline; moreover, they should be backed up
  • There are pros and cons to using non-custodial and custodial (crypto exchange) wallets
  • Your choice of non-custodial wallet depends on your investment strategy and whether you prioritize convenience or security

Helpful links

Select hot wallets

Select cold wallets

 

]]> Sun, 25 Sep 2022 21:00:00 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e6-crypto-basics-private-keys-public-addresses-and-wallets-JbNLAEv5 Episode Highlights

  • Crypto wallets give you access to your cryptoassets; they do not store your crypto
  • Public addresses are derived from public keys, which are derived from private keys; crypto is sent to a public address, while private keys prove ownership of that crypto, allowing you to spend it 
  • Private keys should be kept safe and offline; moreover, they should be backed up
  • There are pros and cons to using non-custodial and custodial (crypto exchange) wallets
  • Your choice of non-custodial wallet depends on your investment strategy and whether you prioritize convenience or security

Helpful links

Select hot wallets

Select cold wallets

 

]]> E6: Crypto basics: Private Keys, Public Addresses, and Wallets Lorraine Mutyaba 00:12:45 In this episode, Lorraine explains what “not your keys, not your crypto” means, the pros and cons of holding your crypto on an exchange, and the benefits of self-custody of your crypto. She distinguishes between hot and cold wallets and emphasizes why private keys, which give you access to your funds, should be backed up and kept safe. In this episode, Lorraine explains what “not your keys, not your crypto” means, the pros and cons of holding your crypto on an exchange, and the benefits of self-custody of your crypto. She distinguishes between hot and cold wallets and emphasizes why private keys, which give you access to your funds, should be backed up and kept safe. exodus, myetherwallet, private key, cold wallets, coinbase, trezor, public key, james howells, crypto wallets, coinomi, etamask, trustwallet, custodial wallets, non custodial wallets, mycrypto, hot wallets, ;edger, voyager, celsius, crypto no full 6 d25f23f2-b800-4131-b0f4-4e007bc104b2 E5: Crypto basics: Peer-to-Peer marketplaces and how to buy crypto Episode Highlights

  • Peer-to-peer marketplaces are popular in Africa
  • They give those who are unbanked access to the crypto economy
  • They are fairly easy to use, offering a flexibility that you do not find on centralized exchanges
  • Despite their merits, they have limitations

Helpful links


 

Peer-to-peer marketplaces

 

]]> Sun, 11 Sep 2022 21:00:00 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e5-crypto-basics-peer-to-peer-marketplaces-and-how-to-buy-crypto-oHBKsABX Episode Highlights

  • Peer-to-peer marketplaces are popular in Africa
  • They give those who are unbanked access to the crypto economy
  • They are fairly easy to use, offering a flexibility that you do not find on centralized exchanges
  • Despite their merits, they have limitations

Helpful links


 

Peer-to-peer marketplaces

 

]]> E5: Crypto basics: Peer-to-Peer marketplaces and how to buy crypto Lorraine Mutyaba 00:12:15 This episode focuses on how to purchase crypto if you are unbanked or would prefer to use methods other than your debit card or a wire transfer to buy crypto. Lorraine explains why peer-to-peer marketplaces have become popular, especially in emerging markets. She mentions their merits and limitations, and their sign-up process, and highlights a few that are worth considering. This episode focuses on how to purchase crypto if you are unbanked or would prefer to use methods other than your debit card or a wire transfer to buy crypto. Lorraine explains why peer-to-peer marketplaces have become popular, especially in emerging markets. She mentions their merits and limitations, and their sign-up process, and highlights a few that are worth considering. peer to peer marketplaces, localbitcoins, binance marketplace, paxful, buying crypto no full 5 b744bfce-b271-4ab2-9885-c6d3b00335c3 E4: Crypto basics: Exchanges and how to buy crypto Episode Highlights

Centralized exchanges facilitate the buying and selling of crypto

Signing up for an account on an exchange is fairly straightforward

Always do your due diligence before you sign up for an account; in particular, read the terms of service.

Funding a crypto account can sometimes be convoluted.

There are various exchanges that Ugandans can use.

Helpful links

Exchanges

 

Exchange hacks

Mt Gox hack 2014: https://www.investopedia.com/terms/m/mt-gox.asp

Binance hack 2019: https://www.coindesk.com/markets/2019/05/07/hackers-steal-407-million-in-bitcoin-from-crypto-exchange-binance/


 

Terms of service

Coinbase terms of service: https://africa.businessinsider.com/tech-insider/coinbase-warns-users-could-lose-their-crypto-holdings-if-the-company-goes-bankrupt/r6bs75w

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001679788/89c60d81-41a2-4a3c-86fb-b4067ab1016c.pdf

]]> Tue, 30 Aug 2022 12:00:02 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e4-crypto-basics-exchanges-and-how-to-buy-crypto-N1F3tFa3 Episode Highlights

Centralized exchanges facilitate the buying and selling of crypto

Signing up for an account on an exchange is fairly straightforward

Always do your due diligence before you sign up for an account; in particular, read the terms of service.

Funding a crypto account can sometimes be convoluted.

There are various exchanges that Ugandans can use.

Helpful links

Exchanges

 

Exchange hacks

Mt Gox hack 2014: https://www.investopedia.com/terms/m/mt-gox.asp

Binance hack 2019: https://www.coindesk.com/markets/2019/05/07/hackers-steal-407-million-in-bitcoin-from-crypto-exchange-binance/


 

Terms of service

Coinbase terms of service: https://africa.businessinsider.com/tech-insider/coinbase-warns-users-could-lose-their-crypto-holdings-if-the-company-goes-bankrupt/r6bs75w

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001679788/89c60d81-41a2-4a3c-86fb-b4067ab1016c.pdf

]]> E4: Crypto basics: Exchanges and how to buy crypto Lorraine Mutyaba 00:12:37 This episode focuses on how to purchase crypto if you are banked, i.e., if you have a bank account and a credit/debit card. Lorraine explains what a centralized exchange is, how to select an exchange that meets your needs, and how to fund your exchange account. She also highlights some exchanges that are worth considering. This episode focuses on how to purchase crypto if you are banked, i.e., if you have a bank account and a credit/debit card. Lorraine explains what a centralized exchange is, how to select an exchange that meets your needs, and how to fund your exchange account. She also highlights some exchanges that are worth considering. crypto exchanges, coinbase, crypto basics, gemini, binance, buying crypto, kucoin, bitstamp, kraken no full 4 6c473ff6-aed5-4cb9-9a10-dbf2f53d5cf8 E3: Implosions in the crypto market: Lessons Learned Highlights

  • FUD (Fear, Uncertainty, and Doubt) is not always FUD. 
  • There is no substitute to doing your own due diligence in the crypto space.
  • Always invest what you are prepared to lose.

Additional reading

Some crypto-specific news websites

]]> Wed, 27 Jul 2022 13:00:45 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/episode-3-implosions-in-the-crypto-market-lessons-learned-3sOIEFk6 Highlights

  • FUD (Fear, Uncertainty, and Doubt) is not always FUD. 
  • There is no substitute to doing your own due diligence in the crypto space.
  • Always invest what you are prepared to lose.

Additional reading

Some crypto-specific news websites

]]> E3: Implosions in the crypto market: Lessons Learned Lorraine Mutyaba 00:13:45 This episode highlights some of the lessons that can be learned from events that have rocked the crypto space in recent months, particularly the implosion of TerraUSD (UST) and the crises in the crypto lending space. This episode highlights some of the lessons that can be learned from events that have rocked the crypto space in recent months, particularly the implosion of TerraUSD (UST) and the crises in the crypto lending space. uganda crypto, fud, crypto no full 3 c7c360d8-ca1c-47da-bb77-440b7d3c710a E2: The crypto market: macro conditions, implosions, and crypto lenders Episode Highlights

Macro conditions have not spared the crypto markets.

The implosion of UST/LUNA, and crises in the centralized crypto lending space have further shaken investor confidence.

Regulation might be needed to protect crypto lending firms from themselves and to protect investors

Retail investors need to protect themselves as well. 


 

Episode Links:

Bloomberg: https://www.bloomberg.com/news/articles/2022-05-20/outflows-hit-every-asset-as-bofa-signal-flashes-buy-for-stocks


 

Celsius: 

https://www.coindesk.com/business/2022/06/16/how-crypto-lender-celsius-overheated/

https://decrypt.co/104698/celsius-lost-390m-client-funds-from-high-risk-levered-trading-arkham-report

Vauld: https://www.coindesk.com/business/2022/07/04/lending-platform-vauld-looks-to-restructure-amid-crypto-downturn-suspends-transactions/


 

3AC:

https://cointelegraph.com/news/three-arrows-capital-has-failed-to-meet-margin-calls-report

https://www.theblock.co/post/155578/three-arrows-capital-files-for-chapter-15-bankruptcy-in-new-york


 

Exposure to 3AC

Blockfi: https://blockfi.com/a-message-from-our-founders-july-2022

Voyager: https://www.newswire.ca/news-releases/voyager-digital-provides-market-update-825686912.html

Genesis:https://cointelegraph.com/news/genesis-trading-ceo-confirms-3ac-exposure-parent-company-helps-plug-losses

Blockchain.com: https://www.coindesk.com/business/2022/07/08/crypto-exchange-blockchaincom-faces-250m-hit-on-loans-to-three-arrows-capital/

 

]]> Tue, 12 Jul 2022 09:07:30 +0000 ham@axumoid.com (Ham Namakajjo) https://decentralized.simplecast.com/episodes/e2-the-crypto-market-macro-conditions-implosions-and-crypto-lenders-NLq2VtJ_ Episode Highlights

Macro conditions have not spared the crypto markets.

The implosion of UST/LUNA, and crises in the centralized crypto lending space have further shaken investor confidence.

Regulation might be needed to protect crypto lending firms from themselves and to protect investors

Retail investors need to protect themselves as well. 


 

Episode Links:

Bloomberg: https://www.bloomberg.com/news/articles/2022-05-20/outflows-hit-every-asset-as-bofa-signal-flashes-buy-for-stocks


 

Celsius: 

https://www.coindesk.com/business/2022/06/16/how-crypto-lender-celsius-overheated/

https://decrypt.co/104698/celsius-lost-390m-client-funds-from-high-risk-levered-trading-arkham-report

Vauld: https://www.coindesk.com/business/2022/07/04/lending-platform-vauld-looks-to-restructure-amid-crypto-downturn-suspends-transactions/


 

3AC:

https://cointelegraph.com/news/three-arrows-capital-has-failed-to-meet-margin-calls-report

https://www.theblock.co/post/155578/three-arrows-capital-files-for-chapter-15-bankruptcy-in-new-york


 

Exposure to 3AC

Blockfi: https://blockfi.com/a-message-from-our-founders-july-2022

Voyager: https://www.newswire.ca/news-releases/voyager-digital-provides-market-update-825686912.html

Genesis:https://cointelegraph.com/news/genesis-trading-ceo-confirms-3ac-exposure-parent-company-helps-plug-losses

Blockchain.com: https://www.coindesk.com/business/2022/07/08/crypto-exchange-blockchaincom-faces-250m-hit-on-loans-to-three-arrows-capital/

 

]]> E2: The crypto market: macro conditions, implosions, and crypto lenders Ham Namakajjo 00:14:30 This episode focuses on the macro conditions that have battered all markets, including the crypto market, as well as crypto-specific events, such as the implosion of TerraUSD (UST), the crises in the crypto lending space, and the collapse of 3AC, which have not helped matters. Lorraine gives a short commentary of what this means for retail investors and the crypto lending space. This episode focuses on the macro conditions that have battered all markets, including the crypto market, as well as crypto-specific events, such as the implosion of TerraUSD (UST), the crises in the crypto lending space, and the collapse of 3AC, which have not helped matters. Lorraine gives a short commentary of what this means for retail investors and the crypto lending space. no full 2 106e84b4-6494-4392-b21b-d81702794d83 E1 An intro to Crypto The crypto space is imperfect and ever-evolving, with tremendous potential  There is more to crypto than Bitcoin, Ethereum, and Dogecoin. Approximately 97% of the cryptocurrencies listed on Coinmarketcap are vaporware DeFi, Web3.0, the Metaverse, and crypto infrastructure are the crypto sectors seeing the most development

Episode Links

Coinmarketcap: https://coinmarketcap.com

Satoshi Nakamoto ‘s Bitcoin whitepaper: https://www.google.com/search?client=safari&rls=en&q=bitcoin+whitepaper&ie=UTF-8&oe=UTF-8

Further Reading

DeFi: https://www.coindesk.com/learn/what-is-defi/

Metaverse: https://www.coindesk.com/learn/everything-you-always-wanted-to-know-about-the-metaverse-but-were-afraid-to-ask/

Web3.0: https://coinmarketcap.com/alexandria/article/what-is-web-3-0

]]> Mon, 27 Jun 2022 07:00:00 +0000 ham@axumoid.com (Lorraine Mutyaba) https://decentralized.simplecast.com/episodes/e1-intro-ZQfd21Kk The crypto space is imperfect and ever-evolving, with tremendous potential  There is more to crypto than Bitcoin, Ethereum, and Dogecoin. Approximately 97% of the cryptocurrencies listed on Coinmarketcap are vaporware DeFi, Web3.0, the Metaverse, and crypto infrastructure are the crypto sectors seeing the most development

Episode Links

Coinmarketcap: https://coinmarketcap.com

Satoshi Nakamoto ‘s Bitcoin whitepaper: https://www.google.com/search?client=safari&rls=en&q=bitcoin+whitepaper&ie=UTF-8&oe=UTF-8

Further Reading

DeFi: https://www.coindesk.com/learn/what-is-defi/

Metaverse: https://www.coindesk.com/learn/everything-you-always-wanted-to-know-about-the-metaverse-but-were-afraid-to-ask/

Web3.0: https://coinmarketcap.com/alexandria/article/what-is-web-3-0

]]> E1 An intro to Crypto Lorraine Mutyaba 00:15:26 Lorraine shares her perspective on the crypto space, summarizes the current state of the market, highlights key sectors in the space, and emphasizes the need for crypto education. Lorraine shares her perspective on the crypto space, summarizes the current state of the market, highlights key sectors in the space, and emphasizes the need for crypto education. decentralized, finance, uganda crypto, bitcoin, crypto investing, cryptocurrencies, blockchains, transactions, crypto currencies, protocols, sector, crypto infrastructure, metaverse, coin market cap, crypto no full 1