This week in crypto: you have elected the way of pain
After a quiet summer, crypto is really kicking into gear this autumn.
This week alone (sorry in advance for all the acronyms):
- The US Securities and Exchange Commission (SEC) has claimed ownership over the entire Ethereum network.
- The US Commodity Futures Trading Commission (CFTC) has sued a Decentralised Autonomous Organisation (DAO) – which should, in theory, be impossible.
- The White House has outlined its plan to regulate crypto.
- PayPal has banned numerous “free speech” organisations from using its network (this is why we need crypto).
- Lebanese bank robbers have been hailed as heroes for robbing banks to get their own money out (this is why we need crypto).
- Estonia has approved a crypto bank.
- The SEC’s $1.3bn lawsuit against Ripple has reached a turning point, sort of.
- IOTA will launch its Shimmer network on the 28th of September (this Wednesday).
- Radix is also launching its Babylon Alphanet (which has smart contracts in its scrypto programming language) on the 28th of September.
- Oh, and nobody knows where Do Kwon is (the guy who created Terra Luna – remember the Terra Luna Catastrophe?)
As Maximus Decimus Meridius would say…
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