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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...
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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JP Morgan Chase has executed its first-ever cross-border transaction using DeFi on a public blockchain, and it is a milestone to say the least for this bank who keeps flip flopping on it’s stance on crypto via their CEO Jamie Dimon. The trade was done through the Monetary Authority of Singapore’s (MAS) Project Guardian on Polygon on November 2nd, and was deemed a success. This was a pilot program which tested the use of tokens by a TradFi outfit to see how transactions can happen between the two entities, amongst other use cases.
https://twitter.com/TyLobban/status/1587679344792829954
The first image in this post says it all. Even as CEO Jamie Dimon loves to sucker punch crypto overall, his bank can’t miss opportunities in an areas where their investors can make money so they forge on, hoping to capture some revenue from this new endeavor. God Speed, JPMC. As for Jamie, meh.
Written by: nikethereum.eth / Medium / Mirror
JP Morgan Chase has executed its first-ever cross-border transaction using DeFi on a public blockchain, and it is a milestone to say the least for this bank who keeps flip flopping on it’s stance on crypto via their CEO Jamie Dimon. The trade was done through the Monetary Authority of Singapore’s (MAS) Project Guardian on Polygon on November 2nd, and was deemed a success. This was a pilot program which tested the use of tokens by a TradFi outfit to see how transactions can happen between the two entities, amongst other use cases.
https://twitter.com/TyLobban/status/1587679344792829954
The first image in this post says it all. Even as CEO Jamie Dimon loves to sucker punch crypto overall, his bank can’t miss opportunities in an areas where their investors can make money so they forge on, hoping to capture some revenue from this new endeavor. God Speed, JPMC. As for Jamie, meh.
Written by: nikethereum.eth / Medium / Mirror
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