⛏️ Miner Down! 🧨
In today's edition: Another bankruptcy, FTX urges donations to be returned, Uniswap partners with Moonpay, 3Commas' class action lawsuit, and more!
On The Pod…
2022 in Review + How Cobie and Chris Burniske Are Playing the New Year
What’s Poppin’?
FTX Looks to Recoup SBF’s Payments to Politicians
by Samyuktha Sriram
Bankrupt crypto exchange FTX is looking to secure the prompt return of funds that former CEO Sam Bankman-Fried donated to various organizations, including political parties and charities.
Uniswap Enables Direct Crypto Purchases With Credit Cards or Bank Transfers
by Samyuktha Sriram
Decentralized exchange Uniswap has added functionality for direct cryptocurrency purchases with credit cards, debit cards and bank transfers.
3Commas Users Plan Class Action Lawsuit After Losing $14M
by Samyuktha Sriram
Users of automated crypto bot trading service 3Commas are seeking legal action against the platform after losing millions of dollars in unauthorized trades.
Waves Founder Plans New Stablecoin After USDN Depeg
by Samyuktha Sriram
Sasha Ivanov, founder of the Waves blockchain, said he plans to launch a new stablecoin after he sets a USDN resolution plan in place.
The Cryptopians - a top finance book of 2022!
Thank you to everyone who's read and shared my book this year 🤗
In Other News…✍️✍️✍️
Bitcoin Miner Core Scientific filed for Chapter 11 bankruptcy protection in Texas.
Binance joined the Chamber of Digital Commerce, an American lobbying group, to help establish policies to regulate cryptocurrency in the United States.
Greenidge, a Bitcoin miner, raised concerns about its ability to remain in business, leading to its Board of Directors weighing a potential bankruptcy.
The value of former US President Donald Trump's NFTs dropped significantly, with the floor price reducing by 74% since peaking on Saturday.
Coinbase CEO Brian Armstrong argued that smart contracts should not be treated like centralized custodians.
The BitDAO community is debating a proposal to repurchase $100 million worth of its bit token.
Today in Crypto Adoption...
Machankura launched a digital wallet that allows users in nine African countries to send and receive Bitcoin (BTC) without requiring a smartphone, or even an Internet connection.
Sandeep Nailwal, the cofounder of Polygon, launched Beacon, a web3 startup accelerator.
The $$$ Corner…
Layer 2 Labs, a Bitcoin development company, raised $3 million in a seed round funded by angel investors.
What Do You Meme
📈 Your Market Update 📉
BTC is up .4%, trading at $16,886
ETH is up .47%, trading at $1,216
BTC dominance: 38.6%
Crypto market cap: $842 billion
*All data as of today, 5 am ET
Recommended Reads
Reuters on Binance’s books:
“Former regulators and ex-Binance executives say these local businesses serve as window dressing for the main unregulated exchange.”
Boyd Cohen on regenerative finance (ReFi):
“ReFi, or regenerative finance, is about leveraging crypto rails to rebuild our economies in ways that are more inclusive and sustainable.”
A review of Ethereum layer 2 Optimism’s year.
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