January 28: Crypto Summary
Shitcoins were predicted in 2010. Crypto's biggest scammer got doxxed.
gm
sers,
builders
and value providers.
LFG!
Markets
Here are today’s market moves:
Here's what you need to know:
Crypto industry’s largest criminal just got doxxed
Reports have emerged that the decentralized finance project called Wonderland is linked with a crypto criminal with ties to one of the industry’s largest scandals.
The DeFi project has been linked with Michael Patryn, the co-founder of the failed Canadian crypto exchange QuadrigaCX.
About $150 million was stolen👀
The project’s treasury head going by the Twitter pseudonym ‘0xSifu’ was asked to step down by Wonderland co-founder Daniele Sestagalli. The decision came after an anonymous Twitter user revealed that ‘0xSifu’ was indeed the former boss of the failed crypto exchange.
Shitcoins were predicted in 2010!
Fun fact: This person ribuck was also the person that first started calling 0.00000001 BTC a satoshi.
He was active there as latest as 11 months ago, what a legend ❤️
NFT platform allows real world property to be bought as an NFT
Last year, blockchain startup Propy planned to use the technology to smooth real-world real estate sales by introducing the concept of smart contracts.
Auctions of two residential properties in Florida will begin in February. Once sold, the record of the purchase will be placed on the immutable blockchain with links to the legal documents signifying ownership. The process allows people to transfer property ownership in just a few minutes!
Propy plans to expand its model worldwide. It sold its first apartment in Ukraine in 2021 and has so far raised over $16 million in venture capital.
This is what NFTs were originally designed for and it’s becoming a reality 🔥
Putin approves roadmap for crypto regulation
The Russian authorities prepared a 'road map' envisaging restrictions on the use of cryptocurrencies, but not a complete ban as advocated by the central bank.
Politicians have urged the central bank to reconsider its plan to restrict cryptocurrency trading and mining because of concerns over financial instability.
President Vladimir Putin has asked for a consensus to be found.
NBA star LeBron James partners with crypto.com
Crypto.com has partnered with the LeBron James Family Foundation to add Web3 education to the foundation’s I Promise program
“Blockchain technology is revolutionizing our economy, sports and entertainment, the art world, and how we engage with one another,” James said in a statement. “I want to ensure that communities like the one I come from are not left behind. Crypto.com and I are aligned on the need to educate and support my community with the information and tools they need for inclusion.”
LFG LeBron 🚀
Bitcoin just had its most eventful year
2021 was an eventful year for Bitcoin mining, with the topic attracting attention from both inside and outside the Bitcoin space. Events such as:
…and many more.
2022 will likely continue the trend and the expansion of the industry will bring more jobs into rural communities.
Did you hear?
Ready for a crypto winter? Here are 3 things to consider
Crypto may snowball to 1 billion users. Prediction here.
Mark Cuban lost $200,000 on a pump and dump token.
Crypto lingo of the day
Crab Market:
When market is neither Bullish or Bearish and is only moving to the right (like a crab moves) without going either up or down too much, it's considered to be a crab market.
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