End of Year Wrap 2022
Market Recap
Assets Pull Back Towards End of the Week
End of Year Wrap 2022
As we start closing out the year, we thought we would put together a list of great reads and podcasts to help you navigate 2023 as an investor in crypto. We know that 2022 has been a tough year for anyone who has investments in frontier technologies like blockchain. But this is the rhythm of nascent technologies; many who have recently entered these markets will be packing their bags, but those that stay and focus on where profound innovation and work is happening stand to reap the rewards. We hope you enjoy our list of curated reads.
Great Reads
Digital Alchemy: A Post- Mortem of the Crypto Crash – Lyn Alden
A Look at the Lightning Network – Lyn Alden
The European Central Bank is Trapped. Here's Why. – Lyn Alden
Setting the Record Straight – On Bitcoin Maximalism – Nic Carter
What in the Ethereum Application Ecosystem Excites me – Vitalik Buterin
Having a Safe Centralised Exchange: Proof of Solvency and Beyond – Vitalik Buterin
Bretton Woods III – Zoltan Pozsar
Global Crypto Industry Overview and Trends – Huobi (Part 1)
Global Crypto Industry Overview and Trends – Huobi (Part 2)
Best Podcasts
What's Next with Vitalik Part 1:
What's Next with Vitalik Part 2:
Ethereum and Celestia: Designing Modular Stacks
How NFT's are Transforming Shopify and Commerce
You Can't Afford to Ignore MEV
Every project will have its own L2
Notable Articles and News Stories This Week:
Donald Trump Announces $99 Digital Trading Card NFTs
Former President Donald Trump released a collection of 45,000 fantasy non-fungible tokens (NFT), he announced on Thursday via Truth Social, the social media site he founded last year.
According to the collection's website, the Trump Digital Trading Cards feature images of the president in a style similar to collectible baseball cards. The tokens, minted on Polygon, cost $99 and can be purchased with ether (ETH) or in fiat currency.
Read more about it here
Inside Sam Bankman-Fried's First Bahamas Court Hearing After His Arrest
The former titan of industry appeared in a Nassau, Bahamas courtroom on Tuesday morning to face an extradition order from the U.S. on federal charges of wire fraud, conspiracy and other allegations.
Bankman-Fried was arrested in Nassau on Monday evening after a magistrate judge signed an emergency warrant for his arrest at the request of prosecutors with the U.S. Attorney's Office in New York.
You can read more about it here
CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting 'FTX-Like' Behavior
Binance, the largest crypto exchange by volume traded, is not the next FTX, according to a report from CryptoQuant.
The Seoul-based analytics firm points to on-chain data to support claims made in a recent audit that Binance is overcollateralised.
"At the time Binance's Proof of Reserves report was conducted, CryptoQuant's estimate of Binance's BTC reserves (liabilities) was 591,939 BTC. This compares to the PoR report's Customer Liability Report Balance of 597,602 BTC. We can see that CryptoQuant data covered 99% of Binance's liabilities," CryptoQuant wrote, using the ticker symbol for bitcoin. Collateralisation is 101% when taking the exchange's assets and debtors into account, it said.
You can read more about it here
Whilst we all have the option to look, to seek to understand, it’s often easier not to. Bitcoin, Ethereum and distributed ledger technology are complex systems that require significant due diligence. At Etherbridge, we aim to lower the barriers to understanding this fast-growing digital economy.
If you are interested in staying up to date, please subscribe to our newsletter at etherbridge.co
This is not financial advice. All opinions expressed here are our own. We encourage investors to do their own research before making any investments.