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
Share Dialog
Dogecoin, the popular and fairly useless memecoin, saw a dramatic jump on the news Elon Musk, the Dogecoin Master Shiller, is going to give up his fight to drop the Twitter deal and will go ahead and purchase it for the original agreed $44b price tag, possibly a move to avoid the looming Twitter suit. Musk also apparently mentioned a way to combat spam bots would be to use 0.1 DOGE in order to hamper mass spamming, as one feature of his new unrevealed “X” multi-purpose app idea, something the public believes will be the next evolution of Twitter.
Oh boy. Here we go again. Elon Musk has had a great track record for being insightful and savvy, but that track has been getting muddy for quite some time. Lately, his cringe-opinionated Tweets, cringe-worthy rants and ultimately poor business decisions have made him look like a shell of the icon he once was. Can he successfully run an already established company like Twitter? I don’t see why not. But can he turn Twitter into this Web3 amalgam of crud just to say he owns a huge Web3 company? Only time will tell, but I wouldn’t bet on it. My trust in Musk left a long time ago.
Written by: nikethereum.eth / Medium / Mirror
Dogecoin, the popular and fairly useless memecoin, saw a dramatic jump on the news Elon Musk, the Dogecoin Master Shiller, is going to give up his fight to drop the Twitter deal and will go ahead and purchase it for the original agreed $44b price tag, possibly a move to avoid the looming Twitter suit. Musk also apparently mentioned a way to combat spam bots would be to use 0.1 DOGE in order to hamper mass spamming, as one feature of his new unrevealed “X” multi-purpose app idea, something the public believes will be the next evolution of Twitter.
Oh boy. Here we go again. Elon Musk has had a great track record for being insightful and savvy, but that track has been getting muddy for quite some time. Lately, his cringe-opinionated Tweets, cringe-worthy rants and ultimately poor business decisions have made him look like a shell of the icon he once was. Can he successfully run an already established company like Twitter? I don’t see why not. But can he turn Twitter into this Web3 amalgam of crud just to say he owns a huge Web3 company? Only time will tell, but I wouldn’t bet on it. My trust in Musk left a long time ago.
Written by: nikethereum.eth / Medium / Mirror
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