A candid interview with the inventors of the blockchain
If you’ve been chronically online this past week or two, you’ve more than likely seen a few dozen tweets discussing where we’re at in this current cycle and how much time there is until the music stops. Bitcoin is now sitting above $56,000 and has been climbing steadily since a handful of ETFs launched, with each day’s inflows displaying the wonderful situation you can get when insatiable demand meets a less than prepared supply side. Fidelity is recommending that individuals allocate between 1-3% of their portfolio towards crypto as a safe and responsible investment, showing the wider world that crypto is no longer something to fear after FTX, it’s something to accept and embrace.
It’s exceedingly rare to come across a founder with a vision and plan that has the potential to change everything. I have come to know EigenLayer founder Sreeram Kannan to be not only brilliant, but also fundamentally motivated by a vision of the future so crisp and compelling that it momentarily becomes real when you talk to him. Sreeram has what I like to call the Promethean flame; he is driven to bring a new technology to life first and foremost because of the future it will create.
The approval of Bitcoin ETFs can open the doors for further derivatives products and enhance BTC’s role in decentralized finance, but its long-term impact may go far beyond financial markets.
I had a friend tell me earlier this year that she thought my “cosmic timing might be off.” What she meant, I gathered, is that I have a tendency to push my will on the world rather than to pause patiently for its signals to act. A normal thing for those of us in tech, I guess: a belief that the world is our canvas to write rather than read, to inscribe our utopias rather than assess our direr realities.
Through my work with Bright Moments, I’ve spoken with numerous artists about how to sell long-form generative art collections. I have now put this advice into an essay to share with a wider audience.
I left crypto at the tail end of 2020. I felt the gap was too wide between the future a core group of smart, earnest, and technically impressive true believers were gesturing at, and what was really happening. 2020 was the year where Yield Farming exploded, and it seemed to confirm that crypto had accepted its main purpose as a vehicle for self-referential, mindless, speculative bullshit. It’d lost all its seriousness, and all of its promise with it.
While Coinbase aims to compete in the EU derivatives market, it faces stiff competition from more prominent players like Binance, Bybit, OKX and Deribit.
Markets may relive last year's U.S. banking crisis as a crucial funding program is set to expire, Hayes said.
A second trial for Sam Bankman-Fried would not affect his sentencing range, according to the U.S. Department of Justice.