This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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CashApp, a popular cash transfer and processing app created by Block, Inc., has now added support for Lightning Network and has expanded their support for Bitcoin transactions, which was offered in a limited capacity starting back in 2018. The addition proved to be very popular in the U.S. and United Kingdom. In fact, 81% of the company’s $12.3b in revenue last year came from Bitcoin transactions. Users can deposit $10,000 worth of Bitcoin every seven days, but can only transact $999 worth within the same time frame on the Lightning Network.
This is pretty good news for CashApp. As much as I feel like intermediary services like CashApp shouldn’t have a place in crypto, there are plenty of non-crypto users that need services like these, so we have to co-exist for now. At least they have a comparatively low fee structure and now that the Lightning Network has been integrated to allow fast Bitcoin transactions, this can only be seen as a positive for the crypto community. Especially since this has proven to be a gateway for non-crypto consumers to start embracing Bitcoin.
Written by: nikethereum.eth / Medium / Mirror
CashApp, a popular cash transfer and processing app created by Block, Inc., has now added support for Lightning Network and has expanded their support for Bitcoin transactions, which was offered in a limited capacity starting back in 2018. The addition proved to be very popular in the U.S. and United Kingdom. In fact, 81% of the company’s $12.3b in revenue last year came from Bitcoin transactions. Users can deposit $10,000 worth of Bitcoin every seven days, but can only transact $999 worth within the same time frame on the Lightning Network.
This is pretty good news for CashApp. As much as I feel like intermediary services like CashApp shouldn’t have a place in crypto, there are plenty of non-crypto users that need services like these, so we have to co-exist for now. At least they have a comparatively low fee structure and now that the Lightning Network has been integrated to allow fast Bitcoin transactions, this can only be seen as a positive for the crypto community. Especially since this has proven to be a gateway for non-crypto consumers to start embracing Bitcoin.
Written by: nikethereum.eth / Medium / Mirror
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