Coinsights

Share this post
coinsights #1: pilot
coinsights.substack.com

coinsights #1: pilot

Shekar Ramaswamy
Dec 17, 2021
1
Share this post
coinsights #1: pilot
coinsights.substack.com

Welcome to the inaugural issue of Coinsights, where we break down the latest content in the web3 world. Let's get to it.

Stablecoins and the U.S. Dollar

Five CEOs of web3 companies testified before Congress on December 8, including FTX founder Sam Bankman-Fried. Watch this one minute snippet between House representative Ritchie Torres and Paxos CEO Charles Cascarilla about why stablecoins are actually a vote of confidence for the U.S. Dollar.

Twitter avatar for @curvethots
⟠Palis⟠🐍 @curvethots
Imo this was the most important exchange of the entire hearing, to have in front of the US Congress
8:33 PM ∙ Dec 8, 2021
8,471Likes1,790Retweets

Wait, other countries use crypto?

Check out this shocking interview between Terra founder Do Kwon and a Coindesk reporter. We won't describe it here, but let's just say it's not a great look for Coindesk... Terra is an "open-source blockchain protocol for algorithmic stablecoins," and as of a few days ago just passed Solana and Avalanche to become the third largest blockchain by total value locked (TVL). TVL is a common way to measure the popularity of blockchains, and Terra is approaching $13B. We'll be diving deeper into the protocol in a future issue!

Twitter avatar for @musalbas
Mustafa Al-Bassam @musalbas
lmao wtf @CoinDesk
Twitter avatar for @stablekwon
Do Kwon 🌖 @stablekwon
"Are you in Asia to avoid the US" Lady can't you see I'm Asian 🤦‍♂️
5:00 PM ∙ Dec 9, 2021
9,274Likes1,833Retweets

NFTs May Have Gone Too Far

This image is an actual NFT listed on Opensea. Before reading on, guess the price. Ready? At the time of writing, this NFT from the Loot collection is being sold for a whopping 1.7 ETH, or ~7k USD.

Link: opensea.io/assets/0xff9c1b15b16263c61d017ee9f65c50e4ae0113d7/1266 


Get more out of Coinsights

Join our Discord to talk and collaborate on all things crypto. Get access to a growing web3 community and maybe even a NFT or two...

Join the Coinsights Discord

Share this post
coinsights #1: pilot
coinsights.substack.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Coinsights
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing