Although it was an excellent week for Coinbase and FTX, three other crypto exchanges were not as lucky.
Guessing what bitcoin will do from here, beyond reacting to interest rates, is anyone’s guess. We don’t know. No one does. And that’s the point.
It’s ridiculous that we need to say this, but Kim Kardashian taking a payday to promote crypto does not mean that the entirety of crypto is a scam.
For Ripple, this is a case not just for them but for all of crypto. A last stand, if you will.
In just the last month, CEOs of five major crypto companies have stepped down.
After several bidding rounds, Voyager has accepted a bid from FTX of $1.4 billion.
It is clear that the SEC wants power over Ethereum. Should the courts find the SEC’s arguments convincing and grant them that power, the consequences could be dire.
Just like that, the era of proof-of-work for Ethereum was over, and the era of proof-of-stake had begun.
