DeFi

Greetings from NYC and happy Summer Solstice (to those who celebrate). NFT.NYC is in town this week, and to say that a "hard dose of reality" has hit the faithful would be to mischaracterize the vibe. People in the business know that the current market conditions are universal. They know that the underlying technology and associated business models are evolving, and they also know that – most importantly – the shakeout, while painful, is a required growing pain. Continue Reading →

What’s the best cryptocurrency to invest in? Will the value of this NFT go up? Is the DAO I’ve been thinking about worth joining? How much BTC should I buy? Is this stablecoin really stable? How much can I really earn from this Web 3 or metaverse “play to earn” game? After you get excited about a project, your next step should be a deep dive into its tokenomics – it’s the key to understanding the true value of any token-based investment. Continue Reading →

In 2000, almost $8 trillion of wealth vaporized when the dot-com bubble burst. It was a tough year for Wall Street, venture capitalists, and average retail investors. Why? The pundit parade did its best to explain the crash, but markets are complex systems (which makes them computationally unpredictable). So, in the end, the only thing we could be sure of was that $8 trillion had gone missing. What did we learn? Continue Reading →

This past week, I had the pleasure of spending time with several bankers, financial professionals, and business leaders. While everyone agreed that it's too early to make predictions about how the world of crypto, Web3, and DeFi are going to go, there was one common thread: to a banker, crypto looks like money. I'm not sure that's a good thing. Continue Reading →

It's the end of an era: New York City removed its last public payphone on Monday. The city began removing street payphones in 2015, replacing them with kiosks that offer free phone calls, Wi-Fi, and device charging. The boxy enclosures were once an iconic symbol across the city, but the rise of cellphones made the booths obsolete. Continue Reading →

I’m thrilled to announce the public beta launch of Metacademy: a free-to-use, risk-free, hands-on website that will teach you about blockchain, cryptocurrency, NFTs, smart contracts, Web3, and other associated technologies. You’ll learn about the world of Web3, decentralized finance (DeFi), the correct way to set up a crypto wallet, how to mint your own NFTs, and how to buy and sell them. Continue Reading →

In case you were worried, at a hearing on the Financial Stability Oversight Council’s Annual Report to Congress, United States Treasury Secretary Janet Yellen hinted that the stablecoin market is not big enough to present a threat to our financial stability. Continue Reading →

This is a tale of two letters addressed to Michael S. Regan, administrator of the Environmental Protection Agency. Continue Reading →

Elon Musk has an option to purchase Twitter for $44 billion. For argument's sake, let's say Twitter has 300 million monthly active users (MAU). If so, he is paying approximately $147 per MAU. Telegram, on the other hand, has approximately 550 million MAUs. Using the same math, Telegram should be worth approximately $80 billion, but Twitter and Telegram are apples and oranges. Twitter is a publicly traded company with a traditional corporate form. Telegram is something completely different. Continue Reading →

Fidelity Investments, the largest retirement plan provider in the United States, plans to allow investors to allocate up to 20% of their 401(k) accounts to bitcoin. It's the first major retirement-plan provider to do so. Continue Reading →