Kyle Samani from Multicoin Capital: “Why have crypto payments struggled? And why is that changing now? … If payments over crypto rails are going to be a thing, then the natural question is: what verticals are being materially underserved by […]
“I’m no true believer. But I’m less than infinitely hostile to crypto. This is becoming a pretty rare position, so let me explain why…” | learn more
At least, that’s the principle that ZELF, “bank of the metaverse”, was operating under since its June launch. Like so many neobanks, it rented its license from Evolve Bank & Trust. In this case, indirectly, as a customer of banking-as-a-service […]
“On November 8, 2022, the debtors sought an additional $125mm from FTX under the parties’ loan agreement but — ⚡️shocker⚡️— did not get it. FTX filed its own bankruptcy three days later. This time line is bananas…” | learn more
“Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system. The company is starting with BTC reserves. Right now, Binance has a reserve ratio of 101%. It means that the company has enough bitcoins to cover […]
Vitalik explains how it might be possible to one day trust a centralized exchange: “Rather than relying solely on “fiat” methods like government licenses, auditors and examining the corporate governance and the backgrounds of the individuals running the exchange, exchanges […]
He thinks its worthless for various reasons. “If any non-dividend yielding asset has the tiniest constant probability of hitting an absorbing barrier (causing its value to become 0), then its present value must be 0.” | learn more
Written by vc investors and Coinbase board members Katie Haun and Fred Wilson. “Web3 is a software-driven innovation that has a built-in financial system. This has been both a strength and a weakness.” | learn more
It was estimated to be worth $10 million. He did it to mint 10,000 NFTs. He only sold 4. | learn more
I don’t have a link to share about the FTX drama. But I can’t help mentioning it. My short summary: the second largest crypto exchange has suddenly collapsed, and of course it’s because of fraud and leverage. Not only does […]