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Jack Dorsey Goes on Unfollowing Frenzy After Web 3 Beef
Since Jack Dorsey's controversial tweet on Dec. 20, declaring venture capitals (VC), not users, control Web 3, Dorsey has gone on to unfollow some of the biggest players in crypto, including Andressen Horowitz (a16z) co-founder Marc Andreessen and Coinbase CEO Brian Armstrong. Andreessen later blocked Dorsey. "The Hash" panel breaks down the latest feud between bitcoin maximalists and Web 3 advocates.
Grayscale Bitcoin Trust Trails Spot BTC by 94%
New data reveals investment vehicle Grayscale Bitcoin Trust (GBTC), which allows investors to buy bitcoin without purchasing the cryptocurrency directly, has been trailing the spot price of bitcoin by roughly 94% over the last year. What does that mean for the bitcoin markets?
Is Bitcoin ‘Its Own Asset Class’?
Genesis Institutional Lending Associate Eugene Chang discusses institutional investment activity in digital assets, sharing insights into bitcoin’s response to macro factors like inflation and the omicron variant. Plus, his take on DeFi lending rates and what lies ahead for cryptocurrency investing in 2022.
Under Armour Enters the Metaverse With 'Wearable' Steph Curry Sneakers
To celebrate Golden State Warriors star guard Steph Curry’s new record as the NBA's all-time top three-point shooter, Under Armour has announced digital replica NFTs of the “Curry Flow 9″ sneakers that can be worn in the metaverse. All proceeds will go to children's sports charities. “The Hash” squad discusses what this means for the “open metaverse” concept and the importance of philanthropy in the digital asset space.
Justin Sun Reveals He Was the Secret $28M Bidder for Seat on Bezos’ Spaceship
Tron Founder Justin Sun outbid around 2,600 people and paid $28 million for one seat on Bezos’ Blue Origin rocket ship back in June. Sun could not partake due to a “scheduling conflict” but will select and pay for five additional crew members to join him on an upcoming launch in 2022.
Coinbase CEO Brian Armstrong Sued for Allegedly Stealing Blockchain Startup’s Work
Blockchain accelerator MouseBelt Labs has sued Coinbase CEO Brian Armstrong for allegedly stealing technology from Knowledgr, a startup that distributes scientific papers with tokens as incentives. The filing claims Armstrong used confidential information to develop a similar initiative called ResearchHub. “The Hash” panel breaks down the situation between Armstrong and MouseBelt as a trial awaits.
NEAR Surges Over 20% Following Terra UST Integration
Tokens of Near (NEAR) jumped 23% to $10.80 Wednesday following Terra’s announcement UST stablecoins will be supported on the network. “The Hash” panel discusses where this recent update places Near in the competition against other proof-of-stake chains like Avalanche, Solana, and Terra. Plus, the potential significance of having stablecoins on multiple networks as a tool for scaling DeFi.
Sam Bankman-Fried: Stablecoin Regulation Coming in 2022
The richest person in crypto, CEO of crypto exchange FTX Sam Bankman-Fried, shares his regulatory predictions for 2022 and how his company plans to manage potential digital asset policies in the new year. Plus, Bankman-Fried discusses the possibilities of an IPO and why The Commonwealth of The Bahamas is leading the world in cryptocurrency framework.
Victory Capital Exec. on Web 3 Decentralization: ‘It’s Not All or Nothing’
Mannik Dhillon, president of Victory Capital, shares his take on Square CEO Jack Dorsey’s statements about venture capital’s control over Web 3 initiatives and the reality of bitcoin maximalism. Plus, Dhillon’s analysis on the current BTC market and price predictions for 2022.
Bitcoin’s Net Exchange Flows About to Turn Positive
Tuesday’s sudden price rise in bitcoin could indicate a potential short squeeze, given the sizable bearish position in the futures market. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.