Weekend Updates — 28.05.2022
We’re helping you catch the best stories in cryptocurrency over the past week so you can stay well informed.
Scammers Use Elon Musk Deepfake to Steal Crypto
TL;DR: A deepfake video of Elon Musk was circulated online over the weekend claiming he created a scam cryptocurrency called BitVex which was proven to be fake with a tweet from Musk. “I can’t tell how successful this scam is, but it has not been too successful.”
📰 Full article:
https://www.vice.com/en/article/v7d5y9/scammers-use-elon-musk-deepfake-to-steal-crypto
As crypto becomes more mainstream, can it stay decentralized?
TL;DR: There are more people in the tech community that want decentralization to stay at the core of crypto and not let the government regulation influence it. As regulators increase oversight, decentralization may be at risk. Why? Data. The more data you own, the more power you have, hence the ethos of decentralization.
📰 Full article:
https://techcrunch.com/2022/05/27/as-crypto-becomes-more-mainstream-can-it-stay-decentralized/
Ethereum Cofounder Issues Stark Crypto Warning After $1 Trillion Price Crash Wipes Out Bitcoin, BNB, XRP, Solana And Cardano
TL;DR: Ethereum cofounder Gavin Wood has warned crypto traders and investors need to “pay more attention” to the projects they invest in. “The technology cannot prevent people from making mistakes but can help those who want to understand better the facts of the world, what they’re buying.”
Key Crypto Takeaways From Davos 2022 — Video
TL;DR: CoinDesk’s Nik De, Helene Braun, Sandali Handagama, and Michael Casey wrap up the final day of coverage at the 2022 World Economic Forum in Davos, Switzerland.
📰 Full article:
https://www.coindesk.com/video/crypto-regulation-policy/key-crypto-takeaways-from-davos-2022/
Crypto’s One Unassailable Use Case: Helping Human Rights Activists
TL;DR: Crypto conferences are only focusing on cryptocurrencies themselves, but crypto could have other uses such as being a tool for human rights activists and journalists in countries with oppressive regimes. Bitcoin, even if it falls to pennies, can still be used by these people to fight for freedom.
📰 Full article:
https://www.coindesk.com/layer2/2022/05/27/cryptos-one-unassailable-use-case-helping-human-rights-activists/
Sam Bankman-Fried to Spend Up to $1B on Donations for 2024 US Elections
TL;DR: The crypto billionaire Sam Bankman-Fried said he could donate between $100 million and $1 billion in the upcoming Presidential elections.
📰 Full article:
https://decrypt.co/101302/sam-bankman-fried-to-spend-up-to-1b-on-donations-for-2024-us-elections
Christine Lagarde says crypto is “worth nothing”
TL;DR: Bitcoin and other cryptocurrencies are “worth nothing,” European Central Bank President Christine Lagarde said. Lagarde said she thinks crypto should be regulated to protect inexperienced investors. Her comments come at a time of heightened regulatory scrutiny of the crypto market.
📰 Full article:
https://www.cnbc.com/2022/05/23/ecb-chief-christine-lagarde-crypto-is-worth-nothing.html
