Weekend Updates — 30.04.2022
We’re helping you catch the best stories in cryptocurrency over the past week so you can stay well informed.
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Columbia University
TL;DR:
- “Appearances are deceptive. Satoshi Nakamoto’s dream of creating trustworthy money remains just that — a dream.”
- “Driving this growth is a complex and opaque crypto ecosystem made up of cryptocurrency miners and service providers, such as exchanges or wallets, that are largely unregulated and insufficiently supervised or overseen.”
- “This strong appeal of crypto-assets, especially unbacked ones, is a cause for concern given the lack of fundamentals, the number of recent scandals, their use in illegal activities and the high volatility of their prices.”
📰 Full article:
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220425~6436006db0.en.html
Crypto is Winning, and Bitcoin Diehards are Furious About it
TL;DR: Bitcoin maxis do not want to talk about cryptocurrencies or web3. They want to talk about the one true faith, which is Bitcoin. Many believe that anyone who’s transacting in Bitcoin only has joined a chosen community of fellow believers — Bitcoin is backed by, in practical terms, nothing. However, the rest of the world has welcomed cryptocurrency, which means it’s not only about bitcoin.
📰 Full article:
https://www.theverge.com/2022/4/28/23042819/bitcoin-2022-miami-beach-conference-maxis
Panama is poised to approve the use of Bitcoin and 8 other cryptos ‘without limitation’
TL;DR: Lawmakers in Panama have approved a bill that would regulate the use of Bitcoin and eight other cryptocurrencies and approve their use for paying taxes and for private transactions. Gabriel Silva, a Panamanian lawmaker who promoted the bill, said on Twitter Thursday that the country’s National Assembly had passed the
📰 Full article:
https://fortune.com/2022/04/29/panama-legalize-use-bitcoin-cryptocurrencies-legal-tender/
ApeCoin reaches new high as Otherside launch looms
TL;DR: ApeCoin price continues to soar despite the generally mixed performance of the overall crypto market. The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction.
📰 Full article:
https://cryptoslate.com/apecoin-reaches-new-high-as-otherside-launch-looms/
A Brief Overview of Crypto Payments in 5 Charts
TL;DR: This article is about the opportunities for crypto payments. It mentions that money is one of humanity’s oldest technologies and that there are many different projects trying to improve payments with crypto. One of the points made in this article is that you must know the metrics to trust a blockchain project.
📰 Full article:
How to Build Decentralized Twitter
TL;DR: The CEO of Tesla, Elon Musk, has made a bid to acquire Twitter. The central idea to this acquisition is that it will allow for a decentralized social media platform; however, there are many legal factors that need to be taken into consideration in order for this to happen. The points of concern are unlawful content, intellectual property, and data protection and disclosure.
📰 Full article:
https://www.coindesk.com/tech/2022/04/29/how-to-build-decentralized-twitter/
