Meta, previously known as Facebook, unveiled its plans in 2019 to launch a cryptocurrency targeted at the unbanked. After two and a half years of controversy and regulatory pressure, that project, Diem, appears to be unraveling. Let’s dive into what happened to Diem, and what this tells us about the regulatory environment surrounding crypto and
If you’ve been following the Wonderland drama over the last few days (read Part 1 and Part 2 for background), you may have expected that anything could happen. What you probably didn’t expect is what actually happened – Wonderland’s treasury manager Sifu was doxxed as convicted conman Omar Dhanani, aka Michael Patryn. But that’s not
“Wonderland.money buys at backing” @danielesesta Dani Sesta liquidated – As the Frog Nation sits in the smoking crater of what used to be Wonderland’s market cap ($TIME), wondering what happened and why devs did not do something, this quote returns to mind. Founder Daniele Sestagalli had previously soothed fears of falling prices in the bear
$300,000 price swings, millions pilfered by the dev team, and the most ironic event since Alanis Morissette’s song in 1996…WTF…Yup, its January 2022’s Rug of the Month
Trade some real-life money for magical beans (on the internet) and get rich…this kind of proposition has never ended poorly
Daniele Sesta is the leader of Frog Nation and is popping up all over the Crypto-verse. Read a summary of the protocols currently tied to Dani
Spell token continues to innovate with plans to eliminate emissions by end of Q1.
A coin with a listed APY listed as “Big…Trust Me Bro” that is literally called $RUG…You know you are in for an adventure when you see…
A central bank digital currency (CBDC) is a digital claim on central bank “money”. The CBDC is both issued and backed by the central bank. $1 of CBDC is worth the same as a $1 bill or $1 in a bank account. In this case fiat money ($USD, $EURO). They are “pegged” to those currencies