Bullish Markets, Crypto Murder and Pepe Scandal
Things are looking up for the crypto market, prices and market caps are steadily rising and investors are expecting that rise to continue in the coming months, but what does Crypto twitter think? Ben and Kevin explore some of these predictions, review the new Netflix crypto-based crime drama and go over whats been happening this week in the “Weird World of Crypto”.
$600 Billion Crypto Boom & Crypto Price Predictions
Bitcoin and cryptocurrencies have bounced back over the last week, with the crypto market adding some $600 billion since its January lows as traders brace for a $10 trillion earthquake. The bitcoin price has come within touching distance of $50,000 per bitcoin for the first time since late December. We discuss this recent bullish rally and go over some predictions from various market analysts, investors and crypto-twitter personalities.
New Netflix Documentary: The Hunt for the Crypto King
Ben and Kevin give their thoughts and review on the new Netflix documentary film “Trust No One: The Hunt for the Crypto King”. If you want to watch it yourself, you can find it here: https://www.netflix.com/title/81349029
Britain will reveal crypto regulation plans in coming weeks, sources say
The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on fast-growing stable-coins, according to four industry sources familiar with the matter. Finance Minister Rishi Sunak is expected to make an announcement in the coming weeks about a new regulatory regime for crypto.
Greenpeace, Crypto Billionaire Lobby to Change Bitcoin Code
Several climate activist groups including Greenpeace and crypto billionaire Chris Larsen are launching a “Change the Code, Not the Climate” campaign, designed to pressure the Bitcoin community to alter the way it orders transactions from proof of stake, to proof of work. We cover what the campaign messages are saying, the response online as well as the differences between proof of stake and proof of work.
Weird World of Crypto: Buyer of “Pepe the Frog” NFT files US$500,000 lawsuit after creator releases identical NFTs for free
Late last year, Pepe the Frog creator Matt Furie decided to run an NFT auction, selling off an image of the controversial character half-naked, waist-deep in a pool. Halston Thayer went on to win the auction, spending the cryptocurrency equivalent of $537,084. A couple of weeks later, PegzDAO released 46 of those other 99 NFTS—which, remember, represent the exact same image as the one Thayer paid half a million dollars for—for free. We cover the full details of the story as well as the lawsuit filed against PegzDao.
What we cover in this episode
- Crypto markets rising and twitter predictions
- New Netflix crime/crypto documentary
- Potential UK crypto legislation
- “Change the Code, Not the Climate” campaign
- The difference between Proof of Work and Proof of Stake
- Pepe the Frog NFT Lawsuit
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