Elizabeth Lopatto
Silk Road Bitcoin is back on the market, baby!
Uncle Sam sold off $216 million this month. Four more sales coming this year!
Cryptocurrency Archive
Archives for March 2023
Elizabeth Lopatto
How’s “democratizing finance” going for Coinbase?
Even worse than last year, writes Fais Khan. One thing that was boosting Coinbase’s returns? Luna, which oopsies doopsie, failed.
But surely Coinbase is more transparent now? Ahahaha, nope: “Coinbase didn’t like me poking around, so they stopped blogging about new coins... Their asset pages, which used to note if CV was involved, no longer appear to show any disclosure.” Stay safu out there!
The Coinbase Curse Revisited: Deadcoins Are a Harsh Lesson
[startupsandecon.substack.com]
Elizabeth Lopatto
Elizabeth Lopatto
Crypto people are finding new bankers.
After the rapid collapse of Silvergate, Silicon Valley Bank and Signature, the crypto world has needed to find new bankers. Regional bankers such as Fifth Third and Customers Bancorp are stepping up. Big banks like JP Morgan Chase can afford to be choosy:
Banks willing to service crypto firms have been inundated with applications during the past two weeks, crypto executives and bankers said. After the collapse of Signature, one crypto banker said he enabled his phone’s “do not disturb” mode to get some sleep. He received so many texts in rapid succession that the phone overrode the setting.
David Pierce
“Clap your hands or Tinkerbell dies.”
Folding Ideas, the folks behind the classic “Line Goes Up” video about NFTs (and generally just a very good YouTube channel), just put up a long and spicy take on the metaverse in general, Decentraland in particular, and especially the people who spend their time and energy promoting them both. It’s a long watch, but it’s a good one. It’ll make you feel things.
Jon Porter
Nvidia turns its back on crypto.
CTO Michael Kagen doesn’t mince words when it comes to crypto. The industry “bought a lot of [Nvidia’s hardware], and then eventually it collapsed, because it doesn’t bring anything useful for society,” he tells The Guardian, “AI does.”
Big talk considering Nvidia was making millions selling cards to crypto miners not long ago.
Elizabeth Lopatto
Fun new NFT use case just dropped!
That’s right, you can use them to serve complaints now. Congratulations to the lawyers!
Elizabeth Lopatto
The Effective Altruism movement was warned about SBF in 2018.
They just didn’t want to listen:
Some of the warnings were serious: sources say that MacAskill and Beckstead were repeatedly told that Bankman-Fried was untrustworthy, had inappropriate sexual relationships with subordinates, refused to implement standard business practices, and had been caught lying during his first months running Alameda, a crypto firm that was seeded by EA investors, staffed by EAs, and dedicating to making money that could be donated to EA causes.
