August 26, 2022       /       Unchained Day-to-day       /       Laura Shin

Day-to-day Bits✍️✍️✍️

  • Alexey Pertsev, the arrested developer of Tornado Cash, became once formerly employed by a Russian security company.
  • Thailand’s oldest lender, SCBX, abandoned a $500 million deal to aquire crypto replace Bitkub.
  • Reddit airdrops NFT Avatars for some of its most avid customers.
  • Authorities in Afghanistan closed 16 cryptocurrency exchanges after a ban from the nation’s central financial institution.
  • The Ethereum Foundation will pay as much as $1 million to someone who discovers a severe worm sooner than the Merge.
  • FTX denied a file from Bloomberg that stated it became once merging its enterprise capital operations with Alameda Research.
  • The SEC delayed its resolution on VanEck’s Bitcoin ETF software program.
  • The offices of Andreessen Horowitz-backed CoinSwitch Kuber had been searched by Indian authorities, alleging violations of foreign replace regulations.

This day in Crypto Adoption…

  • Samsung could perchance presumably starting up its procure crypto replace by 2023.
  • Snoop Dogg and Eminem will abolish a metaverse-themed tune at MTV’s Video Tune Awards.

The $$$ Nook…

  • Polygon founder launched a crypto-centered VC firm with $50 million to speculate in Web3.
  • Bitcoin Depot plans to head public at an $885 million valuation.

What End You Meme?

meme friday 1

What’s Poppin’?

Voyager’s Distressed Sources Spark Alternate Giants’ Curiosity

by Juan Aranovich

The sources of crypto broker Voyager Digital, which is going via a Chapter 11 chapter assignment, are being carefully monitored by the very most bright names in the industry, handle FTX and Binance.

Voyager had filed Chapter 11 chapter in July, after halting withdrawals from its platform and struggling a $650 million loss in crypto hedge fund Three Arrows Capital.

The day prior to this, CoinDesk reported that crypto giants FTX and Binance are amongst many firms inquisitive about purchasing Voyager’s distressed sources, which is ready to wade via a sale on September 6.

It’s no longer the first time FTX CEO Sam Bankman-Fried has shown ardour in Voyager. In June, Voyager signed a $200 million credit rating line with Alameda Research, a company also cofounded by SBF.

In accordance with CoinDesk, Coinbase, the very most bright US crypto replace, is no longer inquisitive about the nervous crypto broker since the “financials don’t add up.”

Nevertheless, the market doesn’t appear to agree with Coinbase. VGX, Voyager Token, spiked 70% following the knowledge, from $.26 to $.44, in accordance with CoinMarketCap. At the time of writing, it’s trading at $.59.

“Somebody is going to become a hero”, tweeted a official-Voyager Twitter myth, tagging Bankman-Fried and Changpeng Zhao, CEO of Binance.

Suggested Reads

  1. CoinCenter on how Tornado Cash works
  2. TokenBrice on Aave’s stablecoin GHO
  3. The DeFi Investor on use alternate ideas

On The Pod…

With the Merge, Will Ethereum Take hang of Over Bitcoin’s Title as Digital Gold?

With the Merge, Will Ethereum Take hang of Over Bitcoin’s Title as Digital Gold? - Ep. 389

Travis Kling, Chief Funding Officer at Ikigai Asset Administration, talks about how ETH adjustments after the Merge, what components are going to procure an affect on its worth action, and whether or no longer it can perhaps decouple from extinct sources. Demonstrate highlights:

  • how the provision and demand dynamics of ETH will switch after the Merge
  • why he believes the Merge is perchance the most indispensable catalyst in crypto history
  • what the hazards are in the case of worth action
  • whether or no longer there could be an estimate of how noteworthy ETH will be locked up and how this lockup resembles Mt. Gox’s BTC
  • the affect that being a deflationary asset can procure on the worth of ETH and whether or no longer it can perhaps in actuality become deflationary after the Merge
  • how exercise ranges were reducing in the Ethereum network
  • whether or no longer ether is underpriced or overpriced, and review it
  • how institutional money is sitting on the sidelines in the meanwhile despite everything the de-leveraging events that took space this year
  • how the Merge impacts BTC’s memoir and worth-proposition
  • how institutions procure never been extra inquisitive about ether
  • what the futures market is announcing about the worth action of ether
  • whether or no longer ETHPoW has any worth and alternate it
  • how macroeconomics has been impacting the crypto markets and whether or no longer ETH can decouple from the macro setups

Book Replace

My e book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Gigantic Cryptocurrency Craze, which is all about Ethereum and the 2017 ICO mania, is now on hand!

You should always aquire it right here: http://bit.ly/cryptopians