FT crypto watch April 20-21

FT crypto watch April 20-21


Cryptonauts, we love you!!  So we skipped the pink lady yesterday when SHE skipped crypto again!!  

Tho yesterday had no crypto, they DID manage to find room to print THIS, you tell US WHY03a05729efa22ce55c9a0fd1cfa4a13df6c4c05c99c6b270823415b01356f15f.pngTLDR: so, there's that. 

Today in print: we start with a hack job on disruptor bank N26190c538e76dc24c09407191cc60b0647de2327c94462ad0fad7e5d32e9296add.pngTLDR: samo.  The real story: Buried deep in this muck,  N26 sez it's all good, people love the metal card (FT calls it "SWANKY" ah ha ha ha ) people pay 20 buck a month for the app!! They will be profitable soon!!  Doesn't sound too woeful for us, their biggest ( AND most humorously annoying) is the BaFin restricting how many new clients a MONTH they can RACK UP AH HA HA HA HA HA

Our next chucklestop in print is Derebit!! Yeah baby, EXCHANGE WARS is the headline!! 59ac0e6aa8aa3fa1177579eba8ac62e8f49eebc31738da6b409df1a4126ba0f2.pngTLDR: Zoom WAY out for the BIG funnies!! Remember, the UK could be making BANK on taxing Binance UK commissions.  but NOOO.    Coinbase pays a lot of taxes, so does the CME but they are both farts in the wind compared to Derebit and Binance.   So, here we are, losing the race to Panama and where ever CZ lays his head. ah ha ha HA HAH HA!! 

The FT does realize what a big deal this is.  Where is the CME with a spot market?? 

Here's a funny crypto won't say crypto 

8a25e8b6f7b7b47c9e147a8f608b1f2fe2d37639abad48951eb0a6cf6d507c75.pngTLDR: first the Oz bank said we WON'T raise rates till 2024.  Then they raised them every month for a YEAR ALREADY AH HA HA HA HA HA HA!!! 

IN boring non news: it's STILL funny how the Ontario teachers BRAGGED about what great due diligence they did with Sammy hanging out in the sunny islands ah HA HA HA HA2d73725c7688f17758f09c4f7b09c348cf512bf2050fb52d0e3e5ecbb90f765e.pngTLDR here's a big puff of nothing earning a solid two out of five FU's for just blaming CRYPTO, not talking about the real problem.  Idiots who don't get an audited balance sheet before making investments!!! Here's an understatment dede29b6f2680dad29bef7e5e2b990359b55c3ce7e427170be4e1da96422c1e6.png"feedback from members" indeed ah HA HA HA HA! give us EXAMPLES plz ar ar ar 

OK time for punky love music.  TLDL: Always loved this song.  Video is corny but still...

We must now face the friday crypto deathmarch.  OK whatever, let's go 

6197523cd4902970b73498683faac6240a06d40c2b576043872a6e2a02e34117.pngTLDR: OMFG.  Kraken folds.  Nexo moves out of town.  Bittrex packs it in and leaves the country.  Binance is squeezed out.  Lord Phillip quits the gummint and takes his crypto company Copper out of the country. 

Yet the $(#@$#($#(*&( FT leads with Coinbase's "threats."    COINbase's threats!!! 

Coinbase just got a license in Bermuda.  But the FT levels a BIG threat - does that even matter?? the SEC will get you ANYWAY BWAH ha ha ha!! Just ask D'Oh!! or Sammy!! 90b7a3f598c7af3402c6f7320d61d3404f4ed6e3f5861a6dd5c9ca69b4a382a4.png

In all the other depressing crypto news the FT chose to dig up and highlight: 

The FT screws up the capitalization of MiCa, but who cares, it oozes forward.  Maybe. 

Sothelbys is auctioning NFTs seized from 3AC. 

Binance's attempt to buy out Voyager lurches slightly forward, if they even want to given Gary

Oh wow, the next to last article is a fig leaf pretending to be "without fear or favor" ha ha.  Here's a laugher


the Hill this week, the SEC chief encountered stiff opposition from one of crypto’s biggest American advocates, Representative Tom Emmer (R-MN). “Your regulatory style lacks flexibility and nuance, and as a result, you’ve been an incompetent cop on the beat, doing nothing to protect everyday Americans and pushing American firms into the hands of the Chinese Communist party.”

59e11fb4b546e1e833eaafd1e06be5bd05c053f41648e2e6a777079b7bd5e3e8.png TLDR:  into the hands of COMMIES, Gary, COMMIES ar ar ar ar oooo!! 

In the obligatory attempt at a scary graph to end, what do we get?  

the US has the most money in the world, and the most crypto & crypto users!! Yet the lead US exchange, Coinbase, only has 10% of the volume.

Here we see the despicable FT joke that hey, that's great, Coinbase will stay right here for us to torture forever: 11606fcf738637940c9fe1c521f4d5e9e5dcbd34db60b98bd87d9032d974d9ba.pngTLDR: bite this pal. Just like the UK's dying City, The US already HAS lost the lions slice of an innovative, revolutionary business, AND the massive tax base that comes with it.  Pukeage.  

We should have just given four out of five FU's and not read the article!!! 

Ah well !  life goes ON baby !! 

We love you cryptonauts!  Take care of yourselves!! Thank you for taking care of the future by being here on the Publish0x doin crypto things!! Your watch army shall be victorious!! 

Peace out, 

love

Dave

 

 

 

 

 

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


FT WATCH - the Financial Times on Crypto!!!
FT WATCH - the Financial Times on Crypto!!!

The WSJ turned into USA today - which leaves the FT at the top of the heap for serious financial news! Join us for a semi-serious monitoring of the FUD & hate the FT now showers on crypto. Dear readers know we love that pink newspaper but boy howdy does the FT despise crypto--- it's funny. The old guard always fights the new guard. The FT does it eruditely, with misleading comments, fun graphs, and outright lies (usually) attributed to crypto's greatest enemies!

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