Regulatory Evolution, Interplanetary Theory, And My Solana Moment

By Kavehu | Kavehu | 13 Jan 2024

Hello everyone,

It's been almost a week and I'm back to share the topics that caught my attention and that I'm very excited to share with you. Let's not delay and get to it.

Cybersecurity and consumer protection – the Achilles heels of the crypto space – have always been and will likely always remain the biggest challenges the industry will face. But maybe he's looking forward to better times. At least according to blockchain analytics firm TRM Labs, which covers crypto policy developments in 21 jurisdictions, accounting for 70% of global cryptocurrency exposure. In its latest report, it says that 80% of them have already put in place a more comprehensive regulatory framework. A full 50% can actually protect consumers this way. Despite different national goals in individual countries - which apparently means the level of taxation - centralized exchanges in particular show "lower levels of illegal activity". In short, the regulations work. Now we just have to wait if the centralized exchanges will also work...

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If you ever hoped that Twitter/X would have its own coin or token and were disappointed by Elon Musk's announcement that it would never happen, don't despair. It is quite possible that he was simply talking about our planet, not, for example, Mars. It's no secret that Elon Musk feels a huge need for humanity to become an interplanetary species. He is currently said to be considering using Bitcoin as a currency after Mars is peacefully inhabited. In one of his visionary conversations on Twitter, he initially dismissed the idea, but eventually changed his stance. He admitted that there could be some problems with the speed of Bitcoin transactions and proposed a solution in the form of the Lighting Network. That's what visionaries do. They find theories, reject theories, all as they go. Above all, they show that the word "never" is actually just... a word.

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And that's how Solana became Ethereum's killer... In terms of Google search interest. Well, let's face it, who hasn't typed "meme coin Solana" into the search engine at least once in the last month... According to Google Trends from the end of last year, the word Solana was most often associated with terms like "Bonk" or "Tensor". I also contributed to this small success... Most of the time I was giving away the wallet on Twitter, flipping dozens of memecoins and watching my Phantom fill up with NFTs using Drip... Surprisingly, I didn't get royally rich. But it was fun...

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