Good morning, crypto compadres! 💻 It’s Taco-Tuesday and our crypto menu is spicier than ever! 😎
Get ready to indulge in the most delicious crypto news, served with a side of fresh guac 🥑 and the hottest salsa in town! 🌶️
But wait, there’s a time-travel treat for you too! ⏰ We’re taking you back to the day when Trump said “No” to Bitcoin and showing you how a $1,000 investment could have you rolling in the dough today! 💰 (Sorry, no salsa for that one, just a side of envy 👀)
💰Reddit’s Crypto Community Is Stronger Than Ever
💣Gary Gensler We Say Adieu!
🎨3 Reasons Why.. A16Z Chose London for Crypto Office
💶Kim Jong Un’s Vicious Crypto Plan To Fuel Nuclear Attacks
The Reddit Boycott Isn’t a Joke
Reddit, the ‘homepage of the internet’, has found itself in a bit of a pickle. 🥒
With the rise of artificial intelligence (AI), which threatens to shake up how people find information online, and a brewing boycott against new API charges, the platform is discovering that being a ‘tech darling’ isn’t all rainbows and unicorns 🌈 🦄 even when you have a whopping 57 million daily users.
For years, Reddit has allowed web browsers to crawl its message boards, but AI-driven large language models (LLMs) like ChatGPT are turning this relationship on its head. These bots feed on vast quantities of data, including everything available online to be read. As a result, Reddit is reconsidering its stance and may begin to charge app developers for access that used to be free.
The looming protests stem from developers who claim they’re getting burned by a recent strategic decision to charge for APIs. Hundreds of subreddits have taken themselves ‘private’ and third-party apps are turning their backs on the website. 😡
But what does all of this have to do with crypto? 🤔
Well, depending on how the situation shakes out, it could have a few implications for the movement. A decentralized version of Reddit could emerge, for instance. 🌐 Conversely, if the boycott against Reddit is successful, people might find that blockades are better than blockchains for getting what they want. 🤫
Bye Gary! Time to GO?
🚨 “Tyran-nah, Gary Gensler has got to go!” 🚨 says U.S. Rep. Warren Davidson, who just introduced a bill to overhaul the Securities and Exchange Commission (SEC) and boot its Chairman from office. Davidson, an Ohio Republican, is on a mission to protect the markets from what he called a “tyrannical chairman” and give the SEC a much-needed makeover.
Why all the fuss? 👀
Last week, the SEC slapped two major cryptocurrency exchanges, Coinbase and Binance, with charges citing breaches of U.S. securities laws. Davidson thinks it’s time to take a stand against the SEC’s latest enforcement actions in the crypto sector. But it’s not just about crypto. 💰
The bill aims to reshape the SEC from the ground up by altering its structure and ensuring protection that’s in the best interest of the market for years to come.
The new bill, called the #SECStabilizationAct 📜 aims to make all rulemaking, enforcement, and investigations conducted by six commissioners, instead of the current five.
Best part, the bill creates an Executive Director role responsible for day-to-day operations. 💼 These changes would significantly alter the SEC’s structure and potentially shift the market’s regulatory landscape. 🔄 Are you ready for the #SECStabilizationAct? 🤔”
Why Andreessen Horowitz Chose London for Crypto Office: The British (Crypto) Invasion
Hey there, are you ready for some top-notch crypto news that’ll make you wanna yell “crypto baby!” (please don’t actually yell that out loud, your coworkers might give you weird looks).
So, what’s the news? Silicon Valley VC firm, Andreessen Horowitz, has decided to spread its wings and launch its first-ever overseas crypto office in good ‘ol London. You heard that right — the Brits are getting in on the cryptocurrency action too! 👀
But why London, you ask? Well, for starters, the UK government is all about creating a welcoming environment for the blockchain and Web3 startups that Andreessen Horowitz loves to invest in. Plus, with top-notch universities, a strong entrepreneurial spirit, and an awesome talent pool, the UK is shaping up to be a prime location for all things crypto. 🌟
In fact, the UK is already on the path to becoming a Web3 hub thanks to its unique approach to regulation. By working with industry leaders and focusing on an outcomes-based approach, the government is making it easier for startups to innovate while keeping consumers protected from any sneaky fraudsters in the crypto game. 🔒
But Andreessen Horowitz isn’t just setting up shop and calling it a day — they’re in it for the long haul. They plan to invest in more UK-based Web3 firms and work with the government to shape crypto policy. Plus, they’re even hosting their next Crypto Startup School accelerator programme in London in spring of 2024. 🚀
How North Korea’s Crypto Heist Ends in $3 Billion Victory Lap
Kim Jong Un’s dictatorship has managed to steal a whopping $3 billion in crypto in just five years, making off with everything from Axie Infinity’s digital pets game to funds used to develop their nuclear weapons and ballistic missile program. 💸
These hackers are crafty, let me tell you. They’re posing as recruiters, IT employees, and even government officials in order to dupe their targets. Some even go so far as to masquerade as Japanese blockchain developers and Canadian IT workers to create a “shadow workforce” that pays as much as $300,000 a year. 🕵️♂️
North Korea’s hackers are getting so advanced that they’re even trying to infiltrate companies by getting hired. That’s right, they’re going undercover with Westerners sitting through the interviews — it’s like a real-life spy movie! 🎥
And it’s not just small-time operations they’re targeting, either. These hackers are getting more and more sophisticated, with their scams becoming more difficult to detect. In fact, stolen crypto accounts for 50% of the funding for North Korea’s missile program.
Honorable Mentions 🏆
- 💰 Polygon unveils plan to build network of ZK-based Layer 2 chains
- 🚀 Ripple CEO: Hinman docs are ‘well worth the wait’
- 🔥 Shiba Inu Testnet Blockchain ‘Puppynet’ Crosses 20M Transactions
Crypto Market Watch
Back in 2019, Trump had some choice words about the world’s leading cryptocurrency, calling it “not money” and “based on thin air.” But fast-forward to now, and Bitcoin has proven its worth, with one $1,000 investment turning into over $5,000.
It just goes to show that sometimes even people in power can be wrong about new technology. Who knows, maybe someday we’ll see Trump tweeting about the latest NFT craze or blockchain innovation.
But for now, let’s focus on the numbers. That $1,000 investment in Bitcoin back in 2019 would have been worth over $2,000 in just a couple years. And at its peak in November 2021, that same investment would have skyrocketed to over $5,000. Not too shabby!
Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday. And hey, don’t forget to check us out on Wednesdays for all the latest AI news – because why limit yourself to just one kind of intelligence?
