😤 Skeptics Decry Crypto Bill and SBF’s ‘Industry Norms Manual’ as Bad for DeFi
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Critics Push Back Against Potential Legislation that Would ‘Kill DeFi’
DEBATE As the cryptoverse debated a U.S. bill Wednesday that would “kill DeFi,” crypto mogul Sam Bankman-Fried floated a set of self-imposed industry standards to “create clarity and protect customers.”
Proposed ‘Trading Strategy’ Would Require Hundreds Of Millions In Capital
RESPONSIBILITY Avraham Eisenberg, the trader who has claimed responsibility for the recent $116M Mango Markets exploit, has publicly revealed a potential way for highly capitalized entities to exploit the REN market on Aave V2.
Enough with the doom and gloom. You know the score. The market is in a meltdown. Crypto has entered a new Ice Age. Meanwhile, the Fed is flipping back and forth like a stoner staring at a 20-page Denny’s menu.
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While the media was distracted by celebrities shilling crypto and NFTs, the big money continued to pour into traditional fine art. In fact, fine art sales exceeded digital art sales by more than 26x in 2021.
Why? Just re-read the headline. Plus, contemporary art prices have outpaced the S&P 500 by a whopping 131% over the last 26 years.
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New Marketplace Airdrops ‘Care Packages’ to Collectors in Busy Week for NFTs
DECK If you’ve ever played a game of poker or Go Fish, chances are you were dealt Bicycle playing cards. The century-old brand that’s a mainstay of Las Vegas casinos and used by professional magicians like David Copperfield is expanding its web3 presence with a new physical deck that will showcase the Bored Ape Yacht Club (BAYC) NFT that the company purchased in June.
TradFi + DeFi
Wallet Onboard Supports Over 300 Crypto Wallets
CREDIT CARDS Plaid, a leading provider of software that allows users to link their bank accounts and credit cards with applications like Venmo, has jumped into Web3 with the introduction of technology that streamlines the integration of decentralized apps (dApps) and self-custody crypto wallets.
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🤔 What Is Bitcoin?
A Step-by-Step Guide to the No. 1 Cryptocurrency
INNOVATION Bitcoin is the world’s first peer-to-peer (P2P) digital payment network, producing a restricted supply of BTC cryptocurrency. Its greatest innovation is the ability to transfer assets — digital tokens — from one party to another without the need of intermediaries such as banks or payment services.
If I was part of any DAO, I would want it to be “Friends With Benefits.” It is just so darn cool.
This document contains a draft of a set of standards that we as an industry could enact to create clarity and protect customers while waiting for full federal regulatory regimes.
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Outside Devcon Colombians Search For Pragmatic Ways to Use Crypto One evening last week, three students from the Universidad Sergio Arboleda arrived at a cultural center in Bogota’s chic Chapinero district to learn about cryptocurrencies.
Shortage of Goerli Testnet Ether Puts the Squeeze on Devs Developers are hoarding Goerli testnet Ether, resulting in a widespread shortage of the coin, according to data from websites that distribute tokens.
Anthony Hopkins’ Metaverse Debut Sells Out in Seven Minutes Oscar-winning actor Anthony Hopkins made his first foray into NFTs on Thursday, and collectors snapped up the 1,000 NFTs on sale within a matter of minutes.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Alp Gasimov. Podcast was led by Camila, edited by Alp.
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DeFi Premium: Ethereum 2.0
Shrinking Supply is Attracting Institutional Investors
By: Samuel Haig
PROMISE It was one of the great promises of The Merge — the Ethereum network would become deflationary.
REALITY Now six weeks after Ethereum shifted to Proof of Stake it looks like that promise is becoming reality. The network is producing negative issuance over the past 30 days, according to data from Ultra Sound Money.
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