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
I know, that title is a stretch, but how else can I make another unfunny situation seem more pleasant? Anyways, Singapore-based centralized exchange, Vauld, has halted all withdrawals and other activities due to "extreme market conditions" about 18 days after they said they had no plans to do so, allegedly with $1 billion in assets under management.
Why did I even want to write about this today? Because it's another reminder of how CeFi can about face on their decisions, leaving many investors completely helpless. This has been the crux for the DeFi argument from the very beginning. Please get your money out of centralized exchanges and finance service before it's too late, put them in a cold wallet for now until you figure out the DeFi strategy that works best for you!
Written by: nikethereum.eth / Medium
I know, that title is a stretch, but how else can I make another unfunny situation seem more pleasant? Anyways, Singapore-based centralized exchange, Vauld, has halted all withdrawals and other activities due to "extreme market conditions" about 18 days after they said they had no plans to do so, allegedly with $1 billion in assets under management.
Why did I even want to write about this today? Because it's another reminder of how CeFi can about face on their decisions, leaving many investors completely helpless. This has been the crux for the DeFi argument from the very beginning. Please get your money out of centralized exchanges and finance service before it's too late, put them in a cold wallet for now until you figure out the DeFi strategy that works best for you!
Written by: nikethereum.eth / Medium
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