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Skyfries Report
Skyfries Report

Skyfries Report

Musings from a late 20s Nashville Cryptocurrency investor

USDC May 2021 Audit May Shock You

20 Jul 2021 1 minute read 3 comments Skyfries

Circle, the consortium behind USDC, has released their audit for all assets through May 28th, 2021 conducted by Grant Thornton.  The audit took a different tack from the April audit and had a breakdown of how assets were denominated.  It is now clear...

The Economy of Self is Prone to Hyperinflation

14 Jul 2021 1 minute read 2 comments Skyfries

For me to be a saint means to be myself.  Therefore the problem of sanctity and salvation is in fact the problem of finding out who I am and of discovering my true self. -Thomas Merton There is a finite amount of resources on this planet, and for t...

Comparing HyperTrader and LCX Multiexchange Terminals

7 Jul 2021 1 minute read 2 comments Skyfries

I love browsing on Brave because I will occasionally get targeted ads for services which offer better rates or service than a service I am currently using.  Yesterday I received an ad for a multiexchange terminal called HyperTrader and wanted to comp...

USDC Supply has grown over $10 Billion since its last Audit

6 Jul 2021 2 minute read 2 comments Skyfries

The Centre Consortium, a board comprised of board members from Coinbase and Circle, is falling behind on audits again.  The last audit for the month of April 2021 was certified on June 9th, 2021.  Since then the outstanding supply of 14,697,267,257 U...

Bitcoin is a Worldwide Monetary Revolution

8 Jan 2021 1 minute read 0 comments Skyfries

A rare moment where I agree with CZ. The system has unilaterally decided to continue devaluing currencies in all countries.  All currencies are sinking in sats, but is a retracement likely soon? Undoubtedly! BTC has proven it not only will survive r...

LCX Token Gains 382.6% in Lead Up to New Exchange Terminal Rollout

5 Jan 2021 1 minute read 2 comments Skyfries

LCX the official token of the Swiss based exchange making waves in certain circles for it's game-changing platform has had a magnificent week.  As of this writing the token is down 17% from all time high.  Looks like some early investors are...

Ripple's Return to being Ridiculed

29 Dec 2020 1 minute read 1 comment Skyfries

America's favorite get poor quick scheme has been blown into smithereens by an onslaught of SEC troubles and exchange delistings.  XRP, or as I call it Cripple, has long been a punching bag of the crypto community for many years and for good reason. ...

Why I Don't Use the AAVE (LEND) Platform

23 Dec 2020 1 minute read 4 comments Skyfries

  Decentralized Finance has been huge for cryptocurrency.  The evolution from digital decentralized currency to digital compound interest seems like a natural evolution in hindsight and begs the question why it didn't happen sooner.  One of the big p...

IMF Proposes Using Search History in New Credit Score Model in Whitepaper

22 Dec 2020 1 minute read 1 comment Skyfries

As if we needed another reason to decentralize finance from the central banks, four IMF policy writers Arnoud Boot, Peter Hoffmann, Luc Laeven, and Lev Ratnovski are creating a new paper which will outline plans to place tighter constraints on those...

Binance Resumes Trading After Market Already Down 5%

21 Dec 2020 1 minute read 1 comment Skyfries

In a game of musical chairs you want to be in a seat before the music stops.  CZ pulled some chairs when the music stopped Monday morning for emergency maintenance on the Binance exchange.  Their second outage in only five days, however this time not...