Coinbase executives, including CEO Brian Armstrong, sold off shares of the company and put $1.2 billion in their pockets. Could this be why shares are in decline, or do they see the writing on the wall? What signal does it send if the top echelon of a company doesn’t have faith in their own stock?
Today is the expected launch of the new Terra 2.0 blockchain, with airdrops of the new Terra Luna (LUNA) to follow. Who’s planning to take the money and run?
For months, we heard about bitcoin’s correlation to stocks. Well, the break has now officially occurred. Billionaire Bill Miller calls it insurance against financial catastrophe. It’s probably temporary. Investors could be gaining some new confidence in the stock market and moving some of their crypto investments back into stocks. Wait till the next bull run starts.
Ethereum Co-Founder Vitalik Buterin is a fan of algorithmic stablecoins.
Tether’s at it again. They’ve launched a new stablecoin on Polygon. That makes 11 blockchains now. I’m just going to nickname it PolyTether. Or should that be Tethergon? At any rate, this follows closely behind their move to launch a stablecoin pegged to the peso. Amigo, mi dinero!
Binance is now registered in Italy.
Yesterday, every top 10 cryptocurrency was down—except Tron.
Cardano Founder Charles Hoskinson says the Luna collapse proves crypto should grow slowly. Smart people know things.
The U.S. Federal Reserve Vice Chair says it will take five years to launch a central bank digital currency (CBDC), and only after Congress and the President approve. I’m glad they’re not in a hurry. Meanwhile, three U.S. Senators are trying to ban China’s CBDC from U.S. app stores.
While the U.S. has the most NFT company headquarters of all the countries in the world, the people who conduct the most NFT searches are in Taiwan.
Decentralized search engine Presearch has moved from testnet to mainnet.
Germany has launched the first national policy on crypto, and it looks like gains on crypto will be free of taxation for a year.
The Spice DAO, which raised millions of dollars to purchase a rare copy of the Dune bible, are finally getting their day of reckoning.
Remember, snark and commentary are free—and in italics.
Cryptocracy is a decentralized newsletter published 4 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.
First published at Cryptocracy. Not to be construed as financial advice.
Image credit: NFT.com