Coinbase, Digital Dollars, and Retiring on Crypto
There’s some awesome news and analysis in crypto this week. Let’s see a few stories, shall we?
* Coinbase filed for an IPO. In its filing documents, the company reported a net revenue in 2020 of $1.14 billion and a net revenue of $322 million. In 2019, the company operated at a loss.
* You’ve probably heard the bitcoin fell from $57,000, an all-time high, to around $47,000 this week. Never fear, I see it going up again and going higher. You can melt wings of wax, but they do grow back.
* Older folks are investing in cryptocurrencies, or planning to this year, says the deVere Group.
Treasury Secretary Janet Yellen says she’s open to researching a potential digital dollar.
Cardano’s ADA hit an all-time high of $1.30 and takes third place in market cap.
A dissection of Litecoin’s four year cycle.
Bitcoin ATMs are appearing in some unexpected places.
8 altcoins poised to erupt in March.
Bitfinex and Tether to pay New York state $18.5 million and ordered to stop trading in the state.
Crypto investing firm Anchorage raised $80 million and secures a banking charter.
The Cryptoeconomics of Social Media
Last week, I shared a 3-part series on a fictitious Facebook blockchain called Facechain and showed how one individual could have turned posting on Facebook for 18 years into a creative career. If you missed it, here are the three posts. Check them out now:
1) Facebook’s Fictitious Cryptocurrency: What If It Was Real?
2) Facechain: Facebook’s Fictitious Staking Protocol
3) 7 More Ways a Facebook Blockchain Might Earn You Money
Here are three more incredible posts you might enjoy:
* Masters of Cryptoeconomics: Who Were the Cypherpunks?
* Why Decentralization is Such a Big Deal
* 3 Social Media Scandals That Big for a Blockchain Solution
Check out these and other great posts on cryptocurrencies at Publish0x (if you click this link and join, I’ll earn a small amount of crypto at no cost to you) and Coil.
Friday Fintech Roundup
This post was first published at Cryptocracy.