⛏️ Miner Down! 🧨

In today's edition: Another bankruptcy, FTX urges donations to be returned, Uniswap partners with Moonpay, 3Commas' class action lawsuit, and more!

December 21, 2022

On The Pod…

What’s Poppin’?

Bankrupt crypto exchange FTX is looking to secure the prompt return of funds that former CEO Sam Bankman-Fried donated to various organizations, including political parties and charities.

Decentralized exchange Uniswap has added functionality for direct cryptocurrency purchases with credit cards, debit cards and bank transfers.

Users of automated crypto bot trading service 3Commas are seeking legal action against the platform after losing millions of dollars in unauthorized trades.

Sasha Ivanov, founder of the Waves blockchain, said he plans to launch a new stablecoin after he sets a USDN resolution plan in place.

The Cryptopians - a top finance book of 2022!

Thank you to everyone who's read and shared my book this year 🤗

In Other News…✍️✍️✍️

  • Bitcoin Miner Core Scientific filed for Chapter 11 bankruptcy protection in Texas.

  • Binance joined the Chamber of Digital Commerce, an American lobbying group, to help establish policies to regulate cryptocurrency in the United States.

  • Greenidge, a Bitcoin miner, raised concerns about its ability to remain in business, leading to its Board of Directors weighing a potential bankruptcy.

  • The value of former US President Donald Trump's NFTs dropped significantly, with the floor price reducing by 74% since peaking on Saturday.

  • Coinbase CEO Brian Armstrong argued that smart contracts should not be treated like centralized custodians.

  • The BitDAO community is debating a proposal to repurchase $100 million worth of its bit token.

Today in Crypto Adoption...

  • Machankura launched a digital wallet that allows users in nine African countries to send and receive Bitcoin (BTC) without requiring a smartphone, or even an Internet connection. 

  • Sandeep Nailwal, the cofounder of Polygon, launched Beacon, a web3 startup accelerator.

The $$$ Corner…

  • Layer 2 Labs, a Bitcoin development company, raised $3 million in a seed round funded by angel investors.

What Do You Meme

📈 Your Market Update 📉

  • BTC is up .4%, trading at $16,886

  • ETH is up .47%, trading at $1,216

  • BTC dominance: 38.6%

  • Crypto market cap: $842 billion

*All data as of today, 5 am ET

Recommended Reads

  1. Reuters on Binance’s books:

  2. Boyd Cohen on regenerative finance (ReFi): 

  3. A review of Ethereum layer 2 Optimism’s year.

⛓️ Join Unchained Premium to get access to:

  • Behind-the-scenes interviews, in which I talk with crypto experts and entrepreneurs to learn all about the latest developments in the industry.

  • A subscriber-only Telegram group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with me and the Unchained team!

  • And now, a new offering: transcripts of all the shows, for subscribers only.

If you liked what you read: