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...
<100 subscribers
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
Notorious crypto-hater Peter Schiff had his bank shut down by Puerto Rico regulators recently. This led to Crypto Twitter having a unified laugh at the irony that Schiff’s Bitcoin prediction actually came true for his trusted traditional (centralized) financial system. Puerto Rican regulators froze his accounts for not maintaining the net minimum capital requirements.
Everything that has happened here as reignited the premier reason for having a decentralized, autonomous system is to avoid these kinds of things from happening. Centralized powers tend to have too much power, and will exercise it for the entity's gains, not the investors. No gloating here, however. We have all lost money in all markets, not just crypto. All we can do is learn, strategize and move forward.
Written by: nikethereum.eth / Medium
Notorious crypto-hater Peter Schiff had his bank shut down by Puerto Rico regulators recently. This led to Crypto Twitter having a unified laugh at the irony that Schiff’s Bitcoin prediction actually came true for his trusted traditional (centralized) financial system. Puerto Rican regulators froze his accounts for not maintaining the net minimum capital requirements.
Everything that has happened here as reignited the premier reason for having a decentralized, autonomous system is to avoid these kinds of things from happening. Centralized powers tend to have too much power, and will exercise it for the entity's gains, not the investors. No gloating here, however. We have all lost money in all markets, not just crypto. All we can do is learn, strategize and move forward.
Written by: nikethereum.eth / Medium
No comments yet