February 19: Crypto Summary
Canadian government gets Bitcoin 101 explanation. White-hat hacker gets rewarded by Coinbase.
gm to absolutely every one of you’ll
Lots of juicy nuggets in today’s edition 🥩
LFG!!
Markets
Here are today’s market moves:
Here's what you need to know:
Canadian government gets the middle finger
You might have heard about the truckers protest in Canada. If you’re out of the loop:
Truckers are protesting against the Canadian Government’s COVID policies.
In response to protests, the government declared a State of Emergency using the Emergency Act.
The Canadian government also made a dirty move asking every bank, credit card, and investment company to FREEZE the bank accounts of any person directly OR indirectly involved in the protests.
To gain funds, Canadians used the most decentralized system in human history, Bitcoin, to fund their protest.
Fast forward today, the Ontario Superior Court of Justice sent a notice to Nunchuk Bitcoin wallet software provider. Nunchuk was ordered to freeze and disclose information about the assets involved in the protests!
This was Nunchuk’s badass response:
“Nunchuk is a self-custodial, collaborative-multisig Bitcoin wallet. We are a software provider. Not a custodial financial intermediary.
Our software is free to use. It allows people to eliminate single points of failure and store bitcoin in the safest way possible, while preserving privacy.
We do not hold any keys. Therefore, we cannot freeze our users' assets. We cannot prevent them from being moved. We do not have knowledge of the existence, nature, value and location of our users' assets. This is by design.
Please look up how self-custody and private keys work. When the Canadian dollar becomes worthless, we will be here to serve you too.”
“When the Canadian dollar becomes worthless, we will be here to serve you too.”
LMAO, how do you even recover from that? 🥵
White-hat hacker who saved Coinbase rewarded with fat check
A few days before the SuperBowl, a white-hat hacker, a hacker with good intentions, that goes by the Twitter account of Tree of Alpha, found a vulnerability that could have allowed him to change the order prices of cryptocurrencies listed on Coinbase.
This could have caused massive damage to Coinbase right before their SuperBowl ads.
He immediately informed Coinbase on Twitter.
Brian Armstrong, Coinbase CEO and founder, thanks him publicly.
Few days later, he gets awarded a big fat check of $250,000 🤯
🤑 A guide for all the ways to earn some extra crypto (Part 1)
Frens, I did a bit of research today and wanted to share with you’ll a few ways to earn some beer money from crypto.
This is not investment advice. Just wanted to share resources.
Brave browser: A great browser, strong security and has been built for privacy. Works well crypto wallets. You can earn BAT (Basic Attention Token) for just browsing the web and clicking an ad. If you don’t find many ads, open a lot of new tabs. If we're already spending hours surfing the web, why not get paid for it? Might earn somewhere around 5$ - 20$ per month.
Coinhunt World: It’s Pokémon Go for crypto lovers. Walk around to find keys that open chests on the maps. This gives you a trivia question and you earn crypto for getting it correct. They have events and special chests that take better keys to open and you get better rewards.
Coinbase Earn: On the Coinbase app watch videos and answer questions to earn a few bucks in different coins. Can be good to learn and you never know which will jump one day or you can just exchange them for your fave coin on Coinbase pro.
Check this out
We stumbled upon this super interesting ongoing project, StealthDrop, on GitHub that airdrops ERC20 token drops to your wallet in an anonymous way.
Please don’t use your main crypto wallet for this. Use a temporary one to try stuff out. Super high risk. Not financial advice. DYOR.
Did you hear?
According to Daily Mail, the Premier League is is close to signing an NFT deal worth an approximate UK£434M.
The FBI is creating a "virtual asset exploitation unit" otherwise known as the NCET (National Cryptocurrency Enforcement Team). The team plans to "prosecute serious crimes involving cryptocurrency and digital assets."
Crypto lingo of the day
FOMO:
Fear of missing out. It’s when you see SOL go to 120$ and you buy in because you don’t want to miss out the opportunity. Can be very dangerous.
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