Skip to content

This week in crypto: you have elected the way of pain

Harry Hamburg
Harry Hamburg
6 min read
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…


Related Posts

Members Public

DeFi is dying, NFTs are dead… but crypto is up?

The big boys of Wall Street are speculating hard on crypto this year...

Members Public

Ripple deep dive: bitcoin for bankers?

The 22nd of December, 2020, was the day everything changed for Ripple. Up until then, it had been one of the most promising cryptocurrencies on the planet. It was the third biggest crypto project by market cap. It had a huge, dedicated army of investors. And it was one of

Ripple deep dive: bitcoin for bankers?
Members Public

The UK crypto regulation special

The UK crypto regulation special