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
On October 28th 2021, Mark Zuckerberg announced Facebook’s rebrand into Meta, which received a lot of criticism due to the overwhelming amount of investment money planned into this foray, with a reported $10B/year. One year later and the company is hemorrhaging money, losing $3B in the last quarter and a ~$9B loss overall. The company is apparently still full steam ahead, with Zuck claiming the losses are part of growing pains as the metaverse is unfurling. However, investors are less than stoked about the losses and aren’t fully accepting of Meta’s vision, at least not quite yet. With Decentraland seeing some success, investors are hoping it trickles down to other portions of the metaverse.
Personally, I’ve never been a fan of Zuck trying to rebrand using the name Meta, it assumes as though he’s creating the metaverse, when there are other services that have come before it. However, even with my lack of enthusiasm with Meta, I believe the metaverse is already taking hold. Fashion and real estate are the two industries seeing some success and I believe over time, we’ll see even more industries enter with specific use cases.
Written by: nikethereum.eth / Medium / Mirror
On October 28th 2021, Mark Zuckerberg announced Facebook’s rebrand into Meta, which received a lot of criticism due to the overwhelming amount of investment money planned into this foray, with a reported $10B/year. One year later and the company is hemorrhaging money, losing $3B in the last quarter and a ~$9B loss overall. The company is apparently still full steam ahead, with Zuck claiming the losses are part of growing pains as the metaverse is unfurling. However, investors are less than stoked about the losses and aren’t fully accepting of Meta’s vision, at least not quite yet. With Decentraland seeing some success, investors are hoping it trickles down to other portions of the metaverse.
Personally, I’ve never been a fan of Zuck trying to rebrand using the name Meta, it assumes as though he’s creating the metaverse, when there are other services that have come before it. However, even with my lack of enthusiasm with Meta, I believe the metaverse is already taking hold. Fashion and real estate are the two industries seeing some success and I believe over time, we’ll see even more industries enter with specific use cases.
Written by: nikethereum.eth / Medium / Mirror
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