While we don’t have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.
Prices of Top Cryptocurrencies
Tweets & Charts of the week
Articles & Videos
Opinion: Ethereum successfully and seamlessly executed “The Merge” last week in what’s regarded as a brilliant piece of software engineering. While it does address one of the core criticisms of cryptocurrencies it doesn’t, however, resolve their core challenges.
Mark Carnegie, Australia’s highest-profile crypto investor (and former Equity Mates Investing podcast guest), said a 31-year-old South Korean entrepreneur who started the now-collapsed Terraform Labs cryptocurrency business and may be on the run from authorities was “just another one of these super-bright scumbags” who did not understand business history.
The Ethereum Merge was completed successfully and many people expected the price to surge. But that hasn’t happened yet, in fact it’s gone the other way. This article explains why Ethereum is dropping after The Merge.
MicroStrategy has bought even more bitcoin. The company’s latest buy of 301 BTC came at a cost of roughly $6 million, Executive Chairman Michael Saylor tweeted Tuesday — an average price of about $19,850. But are companies aside from MicroStrategy still buying Bitcoin?
Opinion: Proof that Bitcoin is finally dead. An expert has claimed bitcoin is officially dead as the crypto approaches its ninth consecutive month of plunging values.
Australian cryptocurrency entrepreneur Michael Dunworth has seen a $267 million windfall from the sale of his payments company Wyre go up in smoke, after the $US1.5 billion deal with US payments giant Bolt collapsed under the weight of the US tech wreck.
Nasdaq, the second-largest stock exchange in the United States is looking to capitalize on institutional investors by offering crypto custody services for Bitcoin and Ether. If approved by the New York Department of Financial Services (NYDFS), Nasdaq will become a custodian of digital assets, placing the stock exchange in direct competition with centralized crypto giants including Coinbase, Anchorage Digital and BitGo.
The Ethereum Merge that took place last week was supposed to reduce energy consumption by 99%, but the savings have so far failed to materialise as miners evicted from the network flock to other currencies. Estimates suggest that at least 50 per cent of energy hungry mining hardware formerly running Ethereum has now been put to use mining other coins.
Venture capital investor Mark Carnegie and his business partner Sergei Sergienko have named a newly discovered long-legged fly from Papua New Guinea “bitcoin”, after winning the naming rights from the Australian Museum.
In Focus: Crypto scams
The lawless world of crypto scams: Lili was celebrating her birthday when she realised she had been scammed. The 52-year-old Londoner was enjoying high tea with her daughter, who works at a hedge fund, when talk turned to a vexing financial problem.
More than $100m (£85m) worth of non-fungible tokens were stolen in the year to July, research shows, with criminals making off with an average of $300,000 per scam. The most valuable NFT ever stolen is CryptoPunk #4324, which was sold by scammers soon after the theft on 13 November 2021 for $490,000.
Trace, Blake & Craig happened to be recording with the Ethereum Merge only an hour away! Join in the excitement as they’re not sure what to expect. Can it be done? … well, we know now it was a success! They explain what this now means for the crypto landscape. Those in it and those not.
Some of our favourite content
This is an excerpt from our Crypto Newsletter email. Once a week, for those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.