SBF Just Can't Stop Talking (But His Lawyers Would Like Him To)
Sam Bankman-Fried (SBF) doesn’t think he’s criminally liable for the FTX failure that sent the markets into a topsy-turvy two weeks ago, but his lawyers don’t want him speaking publicly. Nevertheless, all to willing to play by his own rules, he’s encouraging crypto investors to put their money in exchanges that don’t operate like FTX. As soon as his big money boat his turbulent waters, he called his Stanford law professor parents. In the latest news, he will testify before Congress. The more I learn about SBF, the more I realize he’s a privileged punk. Calling your parents is just what a privileged punk would do.
The term “altcoin” is no longer a slur, thanks to Ethereum. Sber Bank wants to integrate with Ethereum and Metamask. I thought “altcoin” quit being a slur a long time ago.
Ripple has filed its final motion against the Securities and Exchange Commission (SEC) and the case could be coming to a close soon. What will happen to XRP’s price now? Crypto enthusiasts are on the edge of their seats to see who wins this punchfest.
Coinbase CEO Brian Armstrong says FTX’s collapse was due to stolen money, not accounting error. Here’s a list of company’s affected by the fallout.
Tezos Co-Founder Kathleen Breitman says most DAOs and Web3 projects are like middle school activities. She makes a good point. Decentralized autonomous organizations sound good in theory, but in practice they end up being led by a small handful of more active participants. How are you preparing for Web3?
Tether throws Alameda under the bus.
The Internet Computer creates a Layer 2 solution for Bitcoin to make smart contracts available. But does it work well, and will very many bitcoiners adopt it?
Reddit NFT mints hit all-time high. The crypto platform that had the biggest impact on NFTs out of the gate.
Binance halts withdrawals of cryptocurrency tied to its own token. Ankr was potentially hacked.
Stripe launches cash-to-crypto Web3 service. Too late to the party?
Bitfront is shutting down. Pardon me if I don’t shed a tear.
Genesis owes Gemini customers $900 million. All together now: “Whooptee-freaking-doo!”
Forbes says decentralized crypto exchanges (DEXs) aren’t ready for prime time. There will always be someone who wants a centralized broker, but the wise will move toward DEXs.
Scott Cunningham is doing less with SocialFi platforms, he says. He draws a strong conclusion that I don’t disagree with. I’m going to hate to see him reporting on his activities on the platforms. He’s been an inspiration to me.
Graphic novels are lucrative intellectual property (IP) for Web3. Web3 publishing is turning into just another version of Web2 publishing. There may be a shift in wealth distribution, but there’s still a “top tier” of creators, many of whom are the top-tier in Web2.
A Chinese court has ruled that NFTs are virtual property protected by law. See? The Chinese love their children too.
India is the third most targeted country for phishing expeditions.
South Korea increases spending on crypto monitoring devices. In this crazy crypto environment, even the paranoid are stepping up their paranoia.
The Bank of Indonesia could be developing a digital currency.
Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.
Image credit: Dune via CoinTelegraph
