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
Well I found this to be a little bizarre, yet quite hopeful about how use cases keep increasing for blockchain technology. Citizens in a district in India called Firozabad have been finding it hard to register certain complaints, especially against its’ own police force. Mainly because corruption is running rampant and those complaints either get manipulated or flat out gets “lost”. Enter in Polygon. Citizens can now post their complaints onto Polygon’s blockchain, preventing anyone from removing or changing the complaints, and is considered cost effective due to its transaction rollup technology. On Oct. 12, Polygon co-founder Sandeep Nailwal announced that the protocol is now being used by Firozabad police to fight against local police corruption and crime, something that Nailwal has held dear to his heart, after hearing stories about corruption as he was growing up, many of whom were rape victims.
https://twitter.com/sandeepnailwal/status/1580124653300826113
Being of Indian descent, I couldn’t help but initially laugh at how badly a police department is experiencing corruption that they have to use blockchain tech just to prevent their own officers from withholding justice. However, after reading Nailwal’s message, I started imagining how infuriating it would trying to register a crime such as rape, and some asshole officer’s male-chauvinistic attitude is preventing justice from occurring. Hats off to the police department for trying to fix this problem head-on. Corruption is in all parts of the world and the use case for blockchain technology to prevent corruption shows what the thesis for Web3 is all about.
Written by: nikethereum.eth / Medium / Mirror
Well I found this to be a little bizarre, yet quite hopeful about how use cases keep increasing for blockchain technology. Citizens in a district in India called Firozabad have been finding it hard to register certain complaints, especially against its’ own police force. Mainly because corruption is running rampant and those complaints either get manipulated or flat out gets “lost”. Enter in Polygon. Citizens can now post their complaints onto Polygon’s blockchain, preventing anyone from removing or changing the complaints, and is considered cost effective due to its transaction rollup technology. On Oct. 12, Polygon co-founder Sandeep Nailwal announced that the protocol is now being used by Firozabad police to fight against local police corruption and crime, something that Nailwal has held dear to his heart, after hearing stories about corruption as he was growing up, many of whom were rape victims.
https://twitter.com/sandeepnailwal/status/1580124653300826113
Being of Indian descent, I couldn’t help but initially laugh at how badly a police department is experiencing corruption that they have to use blockchain tech just to prevent their own officers from withholding justice. However, after reading Nailwal’s message, I started imagining how infuriating it would trying to register a crime such as rape, and some asshole officer’s male-chauvinistic attitude is preventing justice from occurring. Hats off to the police department for trying to fix this problem head-on. Corruption is in all parts of the world and the use case for blockchain technology to prevent corruption shows what the thesis for Web3 is all about.
Written by: nikethereum.eth / Medium / Mirror
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