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
Jack Dorsey, former head and co-creator of Twitter, has a new project in his sights, and the premise sounds very intriguing. Currently, Web3 has quite a few limitations comparatively to what the rest of the world enjoys within the Web2 realm. Music, email, shopping, banking, and other categories have a small foot print in Web3 but it’s often clunky in terms of functionality and user experience, mainly because Web3 is in a building phase, developing the blockchains and protocols that will become the platforms for the new web. Well welcome to Web5, where the blockchain of choice is the battle-tested and decentralized-proven Bitcoin network. The goal for Dorsey is to create a seamless experience between Web2 as services are moved to doppelgänger services on Web3. For example, services like Twitter should be successfully replicated to the Web3 realm via decentralized identity and personal services, matched with decentralized storage.
The migration from Web2 to Web3 isn’t a smooth one, but these kind of ideas are always great to see. Technological paradigm shifts are hard to navigate, but Web5 seems to at least give an answer to some use cases. Awesome!
Written by: nikethereum.eth
Jack Dorsey, former head and co-creator of Twitter, has a new project in his sights, and the premise sounds very intriguing. Currently, Web3 has quite a few limitations comparatively to what the rest of the world enjoys within the Web2 realm. Music, email, shopping, banking, and other categories have a small foot print in Web3 but it’s often clunky in terms of functionality and user experience, mainly because Web3 is in a building phase, developing the blockchains and protocols that will become the platforms for the new web. Well welcome to Web5, where the blockchain of choice is the battle-tested and decentralized-proven Bitcoin network. The goal for Dorsey is to create a seamless experience between Web2 as services are moved to doppelgänger services on Web3. For example, services like Twitter should be successfully replicated to the Web3 realm via decentralized identity and personal services, matched with decentralized storage.
The migration from Web2 to Web3 isn’t a smooth one, but these kind of ideas are always great to see. Technological paradigm shifts are hard to navigate, but Web5 seems to at least give an answer to some use cases. Awesome!
Written by: nikethereum.eth
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