In the debut episode @NLW discusses recent regulatory action, DeFi project on a bitcoin sidechain and a new social media protocol initiative from Twitter.
The last few days have seen significant regulatory action, from the U.S. Securities and Exchange Commission (SEC) charging Shopin’s CEO with fraud over a $42 million ICO to a major coordinated federal action against an alleged $722 million crypto Ponzi scheme.
Over in the world of decentralized finance, meanwhile, a new project aims to show DeFi isn’t just for ethereum. Finally, Twitter is launching a Square Crypto–like skunkworks to support or create an open social media protocol. This and more on The Breakdown.
Topics for December 12, 2019:
- A wave of regulatory actions, including a SEC fraud case around Shopin’s $42 million ICO and a joint Federal action against what they call a $722m Ponzi scheme
- A new project offering a MakerDAO-esque decentralized finance experience, but built on bitcoin, brings up a question of whether DeFi is bigger than a single chain
- Jack Dorsey follows up Square Crypto with a new open ended skunkworks, this time a Twitter-backed initiative to support or develop an open protocol for social media
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