Web3 Developers Can Thrive In The Bear Market With The Right Support Services

The blockchain and crypto sector is undoubtedly going through difficult times, with the market falling $2 trillion since its November 21 peak. An overwhelming negative sentiment is shrinking the industry’s resources while weekly outflows amount to $102 million.

The Crypto Fear & Greed Index shows that investors remain “fearful” of the current bear market conditions. But history teaches us that this lack of hype and market exuberance actually provides fertile conditions for developing innovative technological solutions.

When the DotCom Bubble burst in the early 2000s, companies like Amazon, e-Bay, Google, Facebook, and Cisco all survived the crash. Indeed, they emerged from the crash stronger because their developers continued building instead of allowing volatile markets and negative sentiment distract them. Similarly, crypto projects like Tron, ChainLink, Polkadot, and EOS, were able to survive the 2017 ICO craze and the crypto winter that followed.

Bear markets have historically filtered out opportunists and stupid capital to make way for real innovators delivering scaleable market solutions and longer-term investor growth.

Nevertheless, bear markets also entail a shortage of capital as investor disappear or sit on the sidelines and liquidity disappears from the market. Only a handful of serious project developers, entrepreneurs, and long-term investors stay back to support each other.

These stakeholders require a space where they can connect, collaborate, and build cutting-edge technologies to sustain themselves and the industry overall. Incubators, launchpads, and accelerators become crucial resources for entrepreneurs, companies, and developers during a bear market.

Incubators can be essential to a company’s long-term survival and success. The National Business Incubator Association reports that 87 percent of incubated startups continue to survive after five years—twice the success rate of startups that develop completely on their own. Moreover, 84 percent of incubated companies share the incubator’s community, creating a wide but well-knit network of entrepreneurs, advisors, developers, and investors, however, community support is just one aspect of incubators.

Among the diverse services offered by crypto launchpads, fundraising is one of the most important. Since developers and entrepreneurs usually do not have large amounts of capital available, startups need financial assistance to build their protocols. Venture capitalists and angel investors associated with an incubator provide the much-needed liquidity for early-stage Web3 companies. This funding helps startups focus on development, scaling operations, marketing, and hiring.

In addition to funding, incubators provide the expertise and experience of professionals to mentor startup employees during early stage development. Domain experts act as consultants to project leaders during incubation to build better products that are ready for mass markets. TDeFi, an incubator for DeFi protocols, offers a “Lifetime Advisory Program” for incubated companies. This ensures that protocols continue to get the support and assistance of mentors, even after their official launch.TDeFi’s CEO Gaurav Dubey explains, “Mentoring comes in varied forms. Apart from ideation, launchpads assist in designing utility-based, growth-oriented tokenomics, which is necessary for attracting investors. A well-networked incubator always finds strategic investors for startups even in a bear market.”

Incubators like TDeFi also provide post-launch assistance to comply with a country’s crypto legislation and follow regulatory best practices. To date, TDeFi has incubated over 40 startups across the DeFi, NFT, gaming, metaverse, infrastructure, and healthcare sectors.

Despite the bear market, blockchain gaming and game-based NFTs have thrived recently, outperforming other crypto-based sectors. The DappRadar-BGA Blockchain Games Report recorded 1.1 million unique active wallets (UAWs) in Q2 2022, making up 52 percent of all UAWs. Investor sentiment also remained strong in the blockchain gaming domain, with investments amounting to $2.5 billion in Q2 2022, a clip rate that appears to continue in the year.

Against this backdrop, NFT gaming launchpads and accelerators like QGlobe are helping new gaming projects build their products in a bear market. QGlobe offers support for metaverse and crypto gaming startups by organizing IGOs and providing product development, tokenomics, and marketing strategies.

Apollo Green, CEO and founder of QGlobe, says, “Amidst a turbulent market, the gaming sector is performing well and successfully weathering the storm. At this critical juncture, we need efficient gaming launchpads to build promising projects to help us out of this crypto winter.”

The Crypto Industry Needs Everyday Resources

Regardless of the size of startup, companies must manage employee payrolls and account for financial transactions, and annual audits. Payments and bookkeeping can be time-consuming and often become an enormous administrative challenge for these companies to tackle, leading to increased chances of fraud and data entry errors.

Automating the crypto finance infrastructure is necessary to help companies manage their accounts efficiently. Blockchain-based automated platforms can help save time, reduce human error via on-chain reconciliation, and ensure robust bookkeeping practices. Automation may also help crypto companies devote their time and resources toward innovation and building their platform.

Industry now offers solutions for Web3 businesses to manage their crypto invoices, employee salaries, and balance sheets.

Protocols like Request Finance provide a non-custodial, decentralized platform for invoice generation and payment management featuring real-time, on-chain settlement. Request Finance supports batch payments to multiple addresses, invoice requests, and integration with multi-sig wallets like Gnosis. Companies like The Sandbox, Maker DAO, and RealT use Request Finance for managing financial operations, invoicing solutions, and as a payment gateway.

Emphasizing the need for payment request protocols, Christophe L., co-founder and CEO of Request Finance, said, “Making crypto mainstream by focusing on real world use cases, is crucial for emerging from this bear market. Invoicing and payroll dApps can enable more businesses to adopt crypto, especially stablecoins in a compliant manner.”

For everyday crypto usage, investors, blockchain entrepreneurs, traders, and general users need one another imporant resource — tax calculators. As countries worldwide begin increasingly adopting crypto regulations, it likewise becomes necessary to understand tax liabilities and file for tax.

Calculating crypto tax is not an easy task. Users are liable for capital gains and income tax, depending on the nature of the transaction. Moreover, some countries require recording crypto transactions in local currency value before filing for taxes. This becomes a time and resource-intensive process.

Some users turn to resources like CryptoTaxCalculator to accurately calculate their taxes by importing transaction data from crypto exchanges and non-exchange platforms. CryptoTaxCalculator lets users directly upload data from DeFi platforms, staking protocols, NFT marketplaces, mining, ICO/IDO/IGOs, and airdrops via CSV or API for calculating taxes.

In-Person Discussion is the Most Important Resource

When it comes down to it, one resource emerges as the most crucial of all – talent. No matter how many software resources we have at our fingertips, nothing beats face-to-face conversations and exchanging ideas. Indeed, talent is the largest and richest resource we have for developing new products and innovative technologies.

Following a long pandemic-induced hiatus in conferences, meetings, and hackathons, these events are finally back for offline sessions. Through these events, crypto companies, blockchain entrepreneurs, and Web3 developers can all come together to discover technological solutions for solving real-world problems.

DCENTRAL will host one of Web3’s largest conferences this November 28-30 in Miami right before Art Basel, a massive global art event. The conference will bring together innovators across 30+ Layer-1 and Layer-2 DeFi, NFT, Metaverse, DAO, and Gaming protocols.

Justin Wu, co-founder and CEO of DCENTRAL Conference, elaborated on the need for such conferences, stating, “The bear market is giving us the time and space to build robust Web3 protocols. This is high time we collaborate and learn from each other to make Web3 sustainable in the long run.”

By using incubators, launchpads, accelerators, and business support services, and reconnecting to talent pools with in-person interactions, entrepreneurs and developers can create a veritable armada for taking on the bear market with a greater capacity to innovate. With the right resources and networks, successful earlier stage plays will weather the storm and emerge from the bear market with resilience: greater talent, stronger businesses, and more innovative products and services.

I cover fintech, crypto and digital assets, and sustainable finance and investments, and promote policies for a transparent, secure, and quality digital financial future for everyone.

Source: Web3 Developers Can Thrive In The Bear Market With The Right Support Services

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Crypto Analyst Warns 2019 Bitcoin Rally Set to ‘Blow Off’ – Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron | The Daily Hodl

From a warning about Bitcoin’s 2019 rally to new support for Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto.


A prominent crypto analyst warns the 2019 Bitcoin rally is an “exchange driven pump” that’s due for a significant pullback. According to Willy Woo, Bitcoin’s Network Value to Transactions (NVT) ratio is now way out of whack.

“Presently the market price of BTC has outstripped organic investor flow unseen since the bull market mania phases of 2013 and 2017. Never before have we seen such a divergence so early in the bull market.”

The NVT ratio measures the utility value of Bitcoin according to the number of transactions on the network relative to the price. Because on-chain investor volumes are in the normal range, Woo says the only explanation is “a quant fund driven short squeeze devoid of any true investor volume.”

Whales can short squeeze a majority-short market by buying it up until the shorts are liquidated, forcing a torrent of buys that inflate the price, Woo explains.

“If you have sufficient capital. You can keep buying to liquidate the bears. It’s extremely profitable. You only stop when it’s no longer profitable. At the $8k-9k mark the market switched from short to majority long. This put a cap on the profitability of short squeezing.

“I’m awaiting this exchange driven pump to blow off, a proper retrace, and only then do I think real investor flows will come in and drive the true organic bull market.”


Ernst & Young’s global blockchain leader, Paul Brody, says blockchain is poised to trigger a fundamental transformation of how enterprises do business.

The accounting and consulting giant EY is building on Ethereum, and Brody says use cases for audits and supply chain management are some early examples of prime use cases for the technology.

“What I hope you’ll take away from this today is that blockchain is maturing. We have real products, real customers, real use cases, real value creation, stuff that’s in operations, and we also have a road map for where things can and should go in the future and how this can have an ever-bigger impact…

Blockchains we think are going to be the future way in which companies model and manage their business processes and, in particular, we can basically model any process between two enterprises or two agencies or two governments as a combination of tokens to represent assets and items of value and contract.”  

Ripple and XRP

A presentation from Ripple’s chief technology officer David Schwartz is now online. At the We Are Developers in Berlin, Schwartz talks about the future of blockchain beyond the hype.


The Litecoin Foundation’s unique methods for raising funds to support the LTC ecosystem continue.

The Foundation has started to ship custom Litecoin cufflinks and tie bars, with a signed certificate of authenticity from LTC creator Charlie Lee.


Crypto.com has added Stellar Lumens (XLM) to its Wallet & Card app.

Users of the app can now purchase XLM at true cost with no fees, with both credit cards and bank transfers supported. People can also use XLM with Crypto.com’s MCO Visa Card, making it easier to convert Stellar’s token into fiat for purchases from everyday merchants.


Tron’s latest report on the network’s decentralized app ecosystem is out.

According to the report, four new gaming DApps launched on the network this week, along with a decentralized exchange called SunDex.

Source: Crypto Analyst Warns 2019 Bitcoin Rally Set to ‘Blow Off’ – Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron | The Daily Hodl

Bloomberg Issues Bitcoin (BTC) Warning, Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron

A technical indicator designed to detect market reversals is flashing its first sell in more than a month.

According to the GTI VERA Convergence Divergence indicator, the price of Bitcoin will likely continue to move lower in the short term, reports Bloomberg. The gauge utilizes typical Moving Average Convergence Divergence (MACD) and attempts to identify increased volatility and delete excess noise.

Meanwhile, veteran trader Peter Brandt sent out a viral tweet identifying a Doji top in Bitcoin’s weekly chart, which could signal the start of a significant market correction. The Doji is a candlestick pattern that’s used to identify potential market reversals based on prior price action.

However, Brandt later clarified that further analysis shows a Doji pattern has not been confirmed across all crypto exchanges.


A new demo of an Ethereum-based platform from accounting and consulting giant Ernst & Young is now online. Project “Nightfall” is a transaction protocol designed to move tokens on the blockchain with complete privacy.

Ripple and XRP

Ripple continues to move large amounts of XRP.

The company just sent 50 million XRP, roughly $20 million, to one of its over-the-counter (OTC) distribution wallets that are used to sell the digital asset to crypto exchanges and institutional participants.


Litecoin’s hash rate hit a new all-time high on Sunday, amid rumors that new mining hardware from Bitmain will soon be released. The hash rate is a sign that the network is thriving as new miners join the network.

Source: BitInfoCharts


The Stellar Development Foundation’s Jed McCaleb and Denelle Dixon are hosting a new ask-me-anything on Reddit.

The event is set for Wednesday morning at 10:00 a.m. PST.


Binance CEO Changpeng “CZ” Zhao says he won’t be able to go to the charity lunch with Warren Buffett. CZ says he was invited by Tron CEO Justin Sun who pledged millions to a charity, winning a lunch date with billionaire investor Buffett and a chance to invite seven colleagues. CZ is passing the torch to outspoken crypto supporter Anthony Pompliano of Morgan Creek Digital.

Source: Pivot – Blockchain Community

Tron Founder’s Winning Bid Nets Dinner With Warren Buffet

Justin Sun, founder of Tron and CEO of peer-to-peer file sharing protocol BitTorrent revealed through tweet that he placed a record-breaking bid of $4.57 million to lunch with crypto-skeptic Warren Buffett as part of the “Oracle of Omaha’s” annual charity auction for the Glide Foundation.

The 28 year-old Sun will meet Buffett at Smith & Wollensky’s in Manhattan and has said he would invite seven crypto-industry leaders to join them.

“I’m a long-term believer (and certainly a big fan) of Buffett and his long-term value investing strategy” wrote Sun in a Medium post.

Before launching Tron in 2017, with an ICO that raised about $70 million, Sun was an early investor in Tesla and bitcoin while obtaining a Master’s degree at the University of Pennsylvania in 2013. His latest venture, Peiwo, is a foray into social media with a Vine-like app that connects users through 10-second audio samples.

“As some of you might know, the CEO of Berkshire Hathaway has said publicly he sees no ‘unique value’ in Bitcoin, the world’s largest cryptocurrency,” Sun continued, “Yet, he has pointed to the potential in blockchain, the underlying technology behind all cryptocurrency. I look at the upcoming lunch with Buffett as an opportunity to seek mutual understanding and growth.”

Buffett has slammed cryptocurrency in the past — calling it at one point “rat poison squared” — and most recently at his annual shareholder’s meeting saying, wagering on bitcoin is like betting on zero or double-zero on a Las Vegas roulette wheel.

Though in a statement provided by his assistant, Buffett said “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends. We are going to have a good time and Glide will use his contribution to help many thousands of people.”

The billionaire CEO of Berkshire Hathaway has hosted this auction since 2000, and has raised over $32 million for the Glide Foundation, which serves the homeless population and those battling addiction in San Francisco.

Last year’s winning bid was $3.3 million.

Image via Coindesk Archives

Source: Pivot – Blockchain Community

Bitcoin (BTC) Poised to Dump on Crypto Suckers, Says Veteran Stockbroker – Plus Ripple and XRP, Ethereum, Tron, EOS, Litecoin, Augur


Image result for Bitcoin (BTC) Poised to Dump on Crypto Suckers

From gold bulls dissing Bitcoin to the new Captain America pledging his allegiance to Litecoin, here’s a look at some of the stories breaking in the world of crypto.


Veteran stockbroker and CEO of Euro Pacific Capital, Peter Schiff, says he expects Bitcoin’s 132% rally in 2019 to reverse. In a new debate with Barry Silbert, the founder and CEO of Digital Currency Group, Schiff called Bitcoin an elaborate pump-and-dump scheme for suckers.

“The air is already coming out of this bubble, right? The peak of market was at $20,000. And so that was a blow-off speculative mania when they launched the Bitcoin futures and everything rose. So now, we’re in a bear market. And in a bear market, you always have rallies. That’s what bear markets do. They try to sucker in the bulls. You have these false rallies. We’re having one now.

But initially, a lot of people got suckered into this pump-and-dump scheme because they heard all the stories about the young kids who took their bar mitzvah money and now they bought a Lambo. And everybody thinks they’re going to get rich because they think these kids were geniuses when all they did is get lucky because they bought Bitcoin and then the price went up.

So there’s a lot of stories about people who got rich because they got in. Well, pretty soon it’s mostly going to be stories about people who lost their life savings because they put real money instead of play money into Bitcoin. And when you have the horror stories outnumber those positive stories, the brand is going to be tarnished. I don’t think you’re going to have a bunch of young kids rushing to buy Bitcoin because they’re going to know how much money their friends lost because they bought it.”

In response, Silbert points to financial giants like Fidelity that are now joining the industry to sell Bitcoin to institutional investors. Silbert says he believes Bitcoin – and the growth of the cryptocurrency industry at large – is very real, and will push the price of BTC higher in the long run.  

“I think investors are hearing the gold argument and they’re hearing about the scenario where it performs well when things are going not so well in the world. And I would argue, given that Bitcoin has all the same characteristics as gold – scarce, finite, portable, highly divisible – I think it has a lot more utility. Arguably Bitcoin would perform well in that environment that Peter’s describing.

But Bitcoin, and more importantly, the community and the industry that is being built, the thousands of companies that have been launched over the past five year, the tens of thousands of jobs that have been created – the real innovation that’s happening – I assure you, is going to propel the Bitcoin price higher. Because it will generate real innovation in a world of economic growth, where gold will only perform well if the shit hits the fan…

What I think gold bugs don’t appreciate, is there is a generational shift in investor mindset that’s happening. Over the next 25 years, $68 trillion of wealth is going to be handed down from Boomers, Gen X, Gen Ys and Millennials. And I can assure you that the younger generation of investors, many of you here apparently agree with this, don’t view gold the same way that our parents and grandparents did.

We did not grow up under the gold standard. We did not grow up during a time of war, so as that $68 trillion gets handed down, it is not going to stay in gold. Now, is whatever is in gold right now all going to go to Bitcoin? No, of course not. But gold is an $8 trillion market cap asset class. Bitcoin’s $100 billion. So a lot has to go right or frankly, in Peter’s view, a lot has to go wrong for an $8 trillion asset class to jump in price. And $100 billion for Bitcoin, it really does not take a lot for Bitcoin to outperform gold over the next 10 years.”

Ethereum, EOS, Tron

Decentralized apps (DApps) on the EOS network continue to outpace those on Ethereum and Tron. According to DappReview, $25.2 million worth of EOS flowed through DApps on the network in the last 24 hours, with 125,600 active users.

Meanwhile, 48,600 users spent $14.6 million worth of TRX on Tron-based DApps, while 18,700 users spent $9 million ETH on Ethereum-based DApps.

Ripple and XRP 

Ripple continues to hire new employees around the globe. The company is now looking for an operations associate for Xpring, Ripple’s XRP development and fundraising arm. The position is in San Francisco. At time of writing, the start-up has a total of 62 open positions, including eight with Xpring.


In an interview with Vanity Fair, actor Anthony Mackie, who will assume the role of Captain America in future Marvel movies, says he checks his Litecoin app every day.

“I don’t trust Bitcoin. Litecoin forever.”

Source: Pivot – Blockchain Community

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