Everything is burning in crypto land right now.Everything is burning in crypto land right now. We all heard about the devastation caused by the nuclear fallout of Terra/Luna collapsing. Billions wiped out in an instant. Millions of users, with their life-savings, hard-earned cash and hopeful dreams all shattered in an avalanche of deceit and broken promises. Was it Do Kwon? Did we, the users, the market, the cult-followers enabled him? Was it just him? Were there others? Was it greed? Then we...

Everything is burning in crypto land right now.Everything is burning in crypto land right now. We all heard about the devastation caused by the nuclear fallout of Terra/Luna collapsing. Billions wiped out in an instant. Millions of users, with their life-savings, hard-earned cash and hopeful dreams all shattered in an avalanche of deceit and broken promises. Was it Do Kwon? Did we, the users, the market, the cult-followers enabled him? Was it just him? Were there others? Was it greed? Then we...

Tornado Cash has been sanctioned by the U.S Government.If someone gave you $$200 in cold hard cash right now, you be smiling. But imagine seeing 0.1 ETH (~$200) pop up in your crypto wallet from Tornado Cash. You might have just broken the law and committed a crime. Who’s the bad boy now? So apparently the U.S. Department of the Treasury says that Tornado Cash has been a bad boy for letting hackers launder stolen money using their services. They stated that “Tornado Cash had laundered $7B wor...

Tornado Cash has been sanctioned by the U.S Government.If someone gave you $$200 in cold hard cash right now, you be smiling. But imagine seeing 0.1 ETH (~$200) pop up in your crypto wallet from Tornado Cash. You might have just broken the law and committed a crime. Who’s the bad boy now? So apparently the U.S. Department of the Treasury says that Tornado Cash has been a bad boy for letting hackers launder stolen money using their services. They stated that “Tornado Cash had laundered $7B wor...

Is Tesla a Car or Software company?Is Tesla a Car or Software company? After having driven the Tesla Model 3 for a few weeks, I can safely say that it should be on the list for everyone who has a driving license. Not because its a thrilling, fast sports car like a Porsche 911 or that it is ultra luxurious like a Rolls Royce. But because it is a totally novel driving experience from the usual cars we know and love. Driving a modern Tesla is like playing a video game. Literally. The technology ...

Is Tesla a Car or Software company?Is Tesla a Car or Software company? After having driven the Tesla Model 3 for a few weeks, I can safely say that it should be on the list for everyone who has a driving license. Not because its a thrilling, fast sports car like a Porsche 911 or that it is ultra luxurious like a Rolls Royce. But because it is a totally novel driving experience from the usual cars we know and love. Driving a modern Tesla is like playing a video game. Literally. The technology ...

Chamath is verbose, smooth and very persuasive — all the charms of a Bond Villain.Chamath is verbose, smooth and very persuasive — all the charms of a Bond Villain. Chamath Palihapitiya is the most charming Bond villain you would ever meet. He is known as the SPAC king. He is worth $1.2 billion. He made his money from his time at Facebook in their early days and cut his teeth working in a VC firm. He owns 10% of the Golden State Warriors, now worth close to $800M. He is the classic meme lord....

Chamath is verbose, smooth and very persuasive — all the charms of a Bond Villain.Chamath is verbose, smooth and very persuasive — all the charms of a Bond Villain. Chamath Palihapitiya is the most charming Bond villain you would ever meet. He is known as the SPAC king. He is worth $1.2 billion. He made his money from his time at Facebook in their early days and cut his teeth working in a VC firm. He owns 10% of the Golden State Warriors, now worth close to $800M. He is the classic meme lord....

Hodlnaut abruptly stops all its services and stunned its users.Hodlnaut abruptly stops all its services and stunned its users. I didn’t want to talk about it because it was so close to home. Not only was it a Singapore company, I was also a keen believer of Hodlnaut. Hodlnaut was essentially a web3 bank that generates interest yields on your deposits. You put in crypto, they give you back more crypto over time. At least that is how it works in theory. In reality, between the 3AC and Terra/Lun...

Hodlnaut abruptly stops all its services and stunned its users.Hodlnaut abruptly stops all its services and stunned its users. I didn’t want to talk about it because it was so close to home. Not only was it a Singapore company, I was also a keen believer of Hodlnaut. Hodlnaut was essentially a web3 bank that generates interest yields on your deposits. You put in crypto, they give you back more crypto over time. At least that is how it works in theory. In reality, between the 3AC and Terra/Lun...

Mailchimp bans crypto companies abruptly.Mailchimp bans crypto companies abruptly. Yep, even established, well-known web2 companies like Mailchimp can pull the rug too! Decrypt, Messari, Edge wallet, Cointelegraph and Ethereum Foundation, some of the biggest names in web3 have been rugged by Mailchimp. Why? “It later became clear that accounts were being disabled or “temporarily suspended” due to service violations. According to the Mailchimp website, the clause falls under the “Acceptable Us...

Mailchimp bans crypto companies abruptly.Mailchimp bans crypto companies abruptly. Yep, even established, well-known web2 companies like Mailchimp can pull the rug too! Decrypt, Messari, Edge wallet, Cointelegraph and Ethereum Foundation, some of the biggest names in web3 have been rugged by Mailchimp. Why? “It later became clear that accounts were being disabled or “temporarily suspended” due to service violations. According to the Mailchimp website, the clause falls under the “Acceptable Us...

Was never a watch guy, but I have to admit some of the time pieces are remarkable work of engineering and artistry!Was never a watch guy, but I have to admit some of the time pieces are remarkable work of engineering and artistry! Luxury watches and crypto prices. Supply and demand. Interesting dynamics. When crypto was booming and coin prices were sky-high, people were making money. More millionaires were minted and with new wealth, they sought to buy the finer things in life. Not surprising...

Was never a watch guy, but I have to admit some of the time pieces are remarkable work of engineering and artistry!Was never a watch guy, but I have to admit some of the time pieces are remarkable work of engineering and artistry! Luxury watches and crypto prices. Supply and demand. Interesting dynamics. When crypto was booming and coin prices were sky-high, people were making money. More millionaires were minted and with new wealth, they sought to buy the finer things in life. Not surprising...

AMTD Digital just IPO recently and its share price has since went up by 14,000%.AMTD Digital just IPO recently and its share price has since went up by 14,000%. AMTD Digital IPO-ed in New York at $7.80 a share. It went absolutely stratospheric and peaked at $2,555 a share on 3 Aug, sending shockwaves to the market. “AMTD Digital Inc. has risen 14,000% since listing in New York, giving it a market value of more than $470 billion at one point this week and earning comparisons with the poster ch...

AMTD Digital just IPO recently and its share price has since went up by 14,000%.AMTD Digital just IPO recently and its share price has since went up by 14,000%. AMTD Digital IPO-ed in New York at $7.80 a share. It went absolutely stratospheric and peaked at $2,555 a share on 3 Aug, sending shockwaves to the market. “AMTD Digital Inc. has risen 14,000% since listing in New York, giving it a market value of more than $470 billion at one point this week and earning comparisons with the poster ch...

Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move.Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move. Facebook rebranded itself to Meta in 2021. Meta spent $10 billion on the Metaverse. They estimate the Metaverse to be a $800 billion market in 2024. And more estimates puts it at $3 trillion in 2031. Come to think of it, a $10–20B bet for a $3T win is a no-brainer. “Prior to October 2020, the term Metaverse had...

Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move.Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move. Facebook rebranded itself to Meta in 2021. Meta spent $10 billion on the Metaverse. They estimate the Metaverse to be a $800 billion market in 2024. And more estimates puts it at $3 trillion in 2031. Come to think of it, a $10–20B bet for a $3T win is a no-brainer. “Prior to October 2020, the term Metaverse had...

Being a web3 hacker might be a full-time career move in 2022.Being a web3 hacker might be a full-time career move in 2022. Network Wormhole Bridge was attacked for $320M in Feb. Ronin Bridge was attacked for $625M in March. Horizon Bridge was attacked for $100M in June. Now the Nomad Bridge was attacked for $200M. See any patterns there? Some of the wildest, biggest, scariest crypto hacks in history are all on these “bridges”. “According to the Rekt database, $1.2 billion in crypto assets wer...

Being a web3 hacker might be a full-time career move in 2022.Being a web3 hacker might be a full-time career move in 2022. Network Wormhole Bridge was attacked for $320M in Feb. Ronin Bridge was attacked for $625M in March. Horizon Bridge was attacked for $100M in June. Now the Nomad Bridge was attacked for $200M. See any patterns there? Some of the wildest, biggest, scariest crypto hacks in history are all on these “bridges”. “According to the Rekt database, $1.2 billion in crypto assets wer...

At nearly $12B, SBF is one of the richest person in crypto.At nearly $12B, SBF is one of the richest person in crypto. The contrast couldn’t be any bigger. “Coinbase suffered a $1.1 billion net loss in the second quarter of 2022”. “FTX grew revenue 1,000% during the crypto craze”. I’m not a professional stock analyst, but I can read headlines. And given that FTX and Coinbase are both crypto exchanges that allows users to trade cryptocurrencies, it doesn’t take a genius to know who is doing be...

At nearly $12B, SBF is one of the richest person in crypto.At nearly $12B, SBF is one of the richest person in crypto. The contrast couldn’t be any bigger. “Coinbase suffered a $1.1 billion net loss in the second quarter of 2022”. “FTX grew revenue 1,000% during the crypto craze”. I’m not a professional stock analyst, but I can read headlines. And given that FTX and Coinbase are both crypto exchanges that allows users to trade cryptocurrencies, it doesn’t take a genius to know who is doing be...

Like Icarus, Do Kwon flew too close to the sun and got scorched.I have a hunch he will retreat, rethink, re-engage and rebuild again. He named his firstborn daughter Luna. And nope, he did not change her name despite what happened. He has 1M followers on Twitter. He was the cult leader of one of the most successful crypto cult in history, until it wasn’t. He launched a revolution with an army of revolutionaries he nurtured from the start. He went from humble developer to cocky, “I’m smart and...

Like Icarus, Do Kwon flew too close to the sun and got scorched.I have a hunch he will retreat, rethink, re-engage and rebuild again. He named his firstborn daughter Luna. And nope, he did not change her name despite what happened. He has 1M followers on Twitter. He was the cult leader of one of the most successful crypto cult in history, until it wasn’t. He launched a revolution with an army of revolutionaries he nurtured from the start. He went from humble developer to cocky, “I’m smart and...