Ethereum Beats Bitcoin In This Metric 😮

Republished By Plato

Followers: 0

November 4, 2022 / Unchained Daily / Laura Shin

What’s Poppin’?

Coinbase misses earnings targets in Q3 earnings – but interest income triples.

Multichain bridge protocol pNetwork drained the GALA liquidity pool on PancakeSwap to prevent a potential attack, but some users jumped to the conclusion that GALA had been exploited.

by Samyuktha Sriram
Korean prosecutors have somewhat pinpointed Do Kwon’s whereabouts and say they have evidence of his price manipulation. Meanwhile, Do is still working on Terra.

by Samyuktha Sriram
Goldman Sachs has teamed up with MSCI and CoinMetrics to develop a new resource for investors to understand the crypto industry.

by Samyuktha Sriram
The Digital Ministry of Japan has formed its own DAO to understand the risks and benefits of decentralized governance.

In Other News… ✍️✍️✍️

Instagram influencer Jebara Igbara pleaded guilty for stealing $2.5 million worth of Bitcoin from his followers. He promised to buy crypto above market rates but never followed up with the payment.
The European Union will defer a vote on the Markets in Crypto Assets framework until February next year. The new regulation requires exchanges to seek a license.
In a unanimous vote, the community of lending protocol Aave approved a governance proposal to deploy on zkSync, the privacy-preserving Ethereum scaling network.

Today in Crypto Adoption…

Fidelity Investments offers a Bitcoin trading product to retail investors.
Investment bank UBS unveiled a bond that settles on the blockchain.
Kraken’s NFT marketplace went live in a private beta. Those on a long waitlist were granted access.

The $$$ Corner…

Digital asset platform Bakkt is set to acquire Apex Crypto for up to $200 million.
Startup WalletConnect raised $12.5 million to bolster its decentralization efforts.

What Do You Meme?

On The Pod…

Nick Hansen, cofounder and CEO of Luxor Technologies, talks about the Bitcoin mining industry, why some miners are struggling while others are succeeding, and the next steps for the industry. Show highlights:

the current state of the Bitcoin mining industry
why miners have the lowest margin environment ever
why there are so many mining rigs sitting latent
how to calculate the profitability of mining cryptocurrency
why miners are not moving to other countries for lower energy prices
what the impact of a Core Scientific bankruptcy would be
whether finance pools to aid struggling miners are helpful
why some miners are succeeding in this environment
whether Bitcoin miners can adopt renewable resources and help with the transition to green energy
how the mining industry is going to change in the following years

Book Update

My book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze, which is all about Ethereum and the 2017 ICO mania, is now available!

You can purchase it here: https://amzn.to/3CvfrbE

Time Stamp: November 6, 2022November 6, 2022