Pro Sports and Crypto partnerships continue to be an indicator of longterm growth even in volatile market conditions. As the market has continued to bounce up and down, one important narrative in the short term to look at is Crypto.com, Binance, FTX and other Crypto companies have laid out the most capital investment ever for … Read more
A refresher on all the big crypto news you may have missed in January.
The Federal Reserve’s discussion paper on the Digital Dollar, and coverage on global CBDC developments.
This article is part of a series covering the Wonderland situation. See prior coverage here. Daniele Sestagalli, founder of Wonderland Money, recently made a proposal to the Wonderland DAO, proposing to wind down the protocol and distribute its treasury to wMEMO holders. The proposal (snapshot voting here) was bitterly debated and the DAO vote was … Read more
Wonderland is voting to dissolve the protocol after a series of controversies around Frog Nation’s leader Daniele Sesta & CFO Omar Dhanani…
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 … Read more
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 … Read more
“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 … Read more
$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