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...
Share Dialog
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...Chapter 11 that is. In a move that was seen a mile away, embattled centralized finance outfit Celsius made it aware to regulators their plans to file for bankruptcy in order to reorganize their debts and assets.
According to an email sent out to customers late yesterday, they explain (poorly) why they paused activities in the first place and how bankruptcy will help them come back "stronger". There isn't much else to say about this. It's probably official that their customers have lost their money due to Celsius' mismanagement. However, their choice to close off the email with "it is our pleasure to serve you" seems like another poor choice. I would have rather read "we are sorry for making bad decisions that led us to this end". That would have felt far more real!
Written by: nikethereum.eth / Medium
...Chapter 11 that is. In a move that was seen a mile away, embattled centralized finance outfit Celsius made it aware to regulators their plans to file for bankruptcy in order to reorganize their debts and assets.
According to an email sent out to customers late yesterday, they explain (poorly) why they paused activities in the first place and how bankruptcy will help them come back "stronger". There isn't much else to say about this. It's probably official that their customers have lost their money due to Celsius' mismanagement. However, their choice to close off the email with "it is our pleasure to serve you" seems like another poor choice. I would have rather read "we are sorry for making bad decisions that led us to this end". That would have felt far more real!
Written by: nikethereum.eth / Medium
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