Thursday, December 1, 2022

Cardano Rumor Rundown December 2, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

  1. Now Apple has forced Coinbase to disable the ability to send NFTs in their Coinbase Wallet app. Why? Because Apple is demanding 30% of all gas fees used to send the NFTs. https://twitter.com/CoinbaseWallet/status/1598354820905197576
  2. SBF has a very serious problem in the FTX terms of service. https://twitter.com/attorneyjeremy1/status/1597556116212576257
  3. SBF appeared in a chaotic twitter space today and was quickly called out by another very large exchange operator listening in who pointed out the “fraud”. https://twitter.com/jespow/status/1598444611177189376
  4. Looks like people snapped up all 500 free Cardano Island Land Bots in 7 minutes. https://twitter.com/VirtuaMetaverse/status/1598366294042083329
  5. AI already took over art. Now it also owns essay/article writing. https://twitter.com/corry_wang/status/1598176074604507136
  6. AI is even passable at writing scene dialogue at this point. https://twitter.com/pmarca/status/1598413401705021440

Previously covered, but still interesting:

  1. Charles dropped a whole video on how Elon can decentralize Twitter with Doge and Cardano. https://www.youtube.com/watch?v=G7dmU2CCJo
  2. MuesliSwap drops a mysterious tweet saying it is working on one the biggest Cardano DeFi innovations. https://twitter.com/MuesliSwapTeam/status/1590096808042459136
  3. Charles sums up today in Cardano perfectly. https://twitter.com/IOHK_Charles/status/1590151060639059970
  4. CZ of Binance signed a non-binding letter of intent to acquire FTX to help remedy what he describes as a liquidity crunch at FTX. https://twitter.com/cz_binance/status/1590013613586411520
  5. I definitely did not think I would wake up this morning and watch Martin Shkreli and Do Kwon in a live discussion of a non-binding LOI for Binance to acquire FTX. https://www.twitch.tv/uponlytv
  6. Here’s a great thread offering a very thorough explanation of what has gone down with FTX. https://twitter.com/milesdeutscher/status/1589631447517655040
  7. Elon files paperwork with FinCen for Twitter to become a payments network as a money transmitter. https://twitter.com/jp_koning/status/1590413986843201536
  8. Here’s a nice video of Charles crushing the kid from The OC (who is now a middle aged crypto critic) along with some other person who says that “crypto has ruined lives.” The actor basically thinks that every cryptocurrency is just a security. He also reminded everyone he went to college and has a book coming out. https://twitter.com/casey_lau/status/1589530354217783296
  9. Out of the FTX-Alameda chaos, things are really REALLY not looking good for Solana. https://twitter.com/DU09BTC/status/1590307342884962305
  10. Virtua gave us a sneak peek of the inside of the Cardano Island condos. They look good! https://twitter.com/virtua_official/status/1590450026957840384
  11. My…my…my…how the tables have turned, Solana. https://twitter.com/MagicEden/status/1590435695080140800
  12. Rumors are swirling that wrapped BTC in Solana issued by FTX and/or Alameda and present on many lending and AMM platforms will spread the contagion very widely. https://twitter.com/weremeow/status/1590461628864397312
  13. The Cardano Summit registration for virtual attendance is now open. The Summit will run Nov. 19-21st. https://twitter.com/Cardano/status/1591793019975397377
  14. Cardano development stats are looking very nice (Nov 14). https://twitter.com/InputOutputHK/status/1591822447346536449
  15. IOG’s virtual ScotFest will be happening right before the Summit Nov 18-19. Kickoff will be 10:00 AM GMT on the 18th. Keynote from Charles at 2pm GMT on the 18th. https://iohk.io/scotfest/
  16. Apparently, Crypto.com says it accidentally sent $400 million to Gate.io and then had to ask Gate to send it back. People should be asking some serious questions about controls at crypto.com. https://twitter.com/kris/status/1591605600638881792
  17. BlockFi appears to be impacted by the FTX/Alameda implosion. https://twitter.com/BlockFi/status/1590875997351866368
  18. Carda Station has a treasure hunt going on inside their metaverse! https://twitter.com/Carda_station/status/1591462387776888833
  19. A large ETH podcast gets called out and ratioed hard for its past behavior in the context of current events. https://twitter.com/StakeWithPride/status/1591500079873265665
  20. Charles straight killed it in that mega twitter space with a bunch of big crypto names by pointing out that Cardano and Bitcoin are good in all this because they’re actually decentralized which is what the whole space needs to pursue instead of a bailout. The whole crypto space needs to live up to the label of “decentralization” we slapped on this thing. https://twitter.com/iamshamdol/status/1591933841337638913
  21. The Dragon is using FTX as a foothold to paint all of crypto as “smoke and mirrors”. Shocker: she wants “aggressive enforcement”. https://twitter.com/SenWarren/status/1590496981751058432
  22. Things keep getting worse with FTX/Alameda. The Wall Street Journal is reporting that “Alameda Amassed Crypto Tokens Ahead of FTX Listings”. https://www.wsj.com/livecoverage/stock-market-news-today-11-14-2022/card/alameda-amassed-crypto-tokens-ahead-of-ftx-listings-public-data-shows-z6KFN051ToEpFohTXA89
  23. Senator Lummis explains why the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand Bill. https://twitter.com/SenLummis/status/1592212987259281408
  24. Humans often seem to value optimization of short-term growth over optimization of long-term growth. Even some Western Economists in the Cold War thought the USSR would outgrow the US. The crypto space is making the same mistake in undervaluing Cardano’s long term optimization. https://www.thecrimson.com/article/1960/10/17/professor-predicts-soviet-union-growth-will/ https://marginalrevolution.com/marginalrevolution/2010/01/soviet-growth-american-textbooks.html
  25. The New York Fed is rolling out a CBDC proof-of-concept along with BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo. https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115 https://www.businesswire.com/news/home/20221115005936/en/Members-of-the-U.S.-Banking-Community-Launch-Proof-of-Concept-For-A-Regulated-Digital-Asset-Settlement-Platform
  26. FTX-Alameda Contagion report: SALT lending has paused withdrawals and deposits. https://twitter.com/coffeebreak_YT/status/1592567205727961089 https://twitter.com/Travis_Kling/status/1592198107734876160
  27. Here’s a sneak peek at the upcoming Cardano Summit 2022 NFTs from TURF. https://twitter.com/Turf_NFT/status/1592536651472855041
  28. Sounds like we’ll get news on the Pavia live event “very soon”. https://twitter.com/PaviaRoss/status/1592474815096848385
  29. Frederik Gregaard’s latest interview definitely poses a hypothetical related to BMW involvement in Cardano. https://youtu.be/Uk9arH5qMIo?t=4234
  30. Caitlin Long’s Custodia Bank gets a preliminary win against the Federal Reserve in its quest to get a master account (that is necessary to get a routing number and etc). https://twitter.com/wadaniel/status/1592171742889480192
  31. Vitalik is worried about bugs in SC code and “most worried” about hacks of ZK-Rollups. I believe it’s obvious that ETH ZK-Rollups will generally be DnPs (“deposit and pray”). https://twitter.com/VitalikButerin/status/1592881308002549761
  32. ScotFest is only a day away (11-17). You can watch the stream on youtube. https://twitter.com/InputOutputHK/status/159293618740435763
  33. The US House Committee on Financial Services has planned a hearing on the FTX collapse for December. https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409920
  34. The Financial Services Committee hearing will not be the first time the Chairwoman of that committee has met SBF. https://twitter.com/hexidethmal/status/1591100345395990530 https://twitter.com/ChuckRossDC/status/1592951865519800320
  35. Congressional scrutiny of Binance’s role in the FTX collapse is interesting. How about someone determine FTX’s role in the FTX collapse before pointing fingers elsewhere? https://twitter.com/TheBlock__/status/1592945434355384321
  36. FTX Contagion Update: Genesis has suspended redemptions and new loan originations. https://twitter.com/GenesisTrading/status/1592867208275046401
  37. Yoroi has some kind of “especially exciting” announcement for the Cardano Summit! https://twitter.com/CryptoKeish/status/1592983315157770243
  38. Looks like City AM broke the news that IOG’s investment in the University of Edinburgh lab was $4.5 Million. https://twitter.com/IOHK_Charles/status/1593253855461920769 https://twitter.com/EditorParkin/status/1593253160365494273
  39. Don’t forget! ScotFest will be live in just a few hours at 10am GMT with a keynote from Charles at 2pm GMT (Nov. 18). https://iohk.io/en/scotfest#watch
  40. There’s trouble in Cardano NFT land. Allegations are levied that jpg.store is moving toward centralization and monopoly. https://twitter.com/Padierfind/status/1593243249442902017 https://twitter.com/berry_ales/status/1593251527292260357
  41. Looks like criminal charges are incoming over the FTX scandal. No surprise there. I wonder if eyes wide shut parties are easier to organize in jail or in a $40 million penthouse. https://twitter.com/BitcoinMagazine/status/1593285566539390977
  42. The FTX bankruptcy docs depict a horror show of complete lack of corporate controls. https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf
  43. Binance suspended deposits of USDT (SOL) and USDC (SOL). But, then resumed accepting USDT (SOL) deposits. https://www.binance.com/en/support/announcement/deposits-of-usdt-sol-token-resumed-4df9fb3a27bf4735b7a726a3a9849ac0
  44. Here’s a great presentation on Midnight from IOG. https://youtu.be/DxW_wrdTWuE
  45. You can mint the Cardano Summit 2022 NFTs by finding the secret area (go downstairs then out on the balcony to enter the garden which will transport you) and collecting all of the coins there. https://twitter.com/Cardano/status/1590268059645890560
  46. Emurgo is launching a stable coin! I secretly encoded that news in the last thirty seconds of last Friday’s video. https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/
  47. All the data on the Cardano Summit voting has been released. https://voting.summit.cardano.org/categories
  48. Crypto made it into the G20 Leaders Declaration released by the White House. https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/
  49. The overcollateralized algorithmic Djed stablecoin from COTI will launch in January 2023! The Djed Pay mobile app will also be coming in 2023. The collection of partnerships they have already inked looks very impressive. https://twitter.com/COTInetwork/status/1594697378069725185
  50. Here’s the full rundown on the 1:1 fully backed USDA stablecoin from Emurgo. It’s more than just a stablecoin. It’s a gate between a fully regulated fiat world account and your wild west crypto world wallet. https://youtu.be/cM7CjZOezto
  51. Wow. It looks like SBF was really meeting with everyone, even Fed Chair Jerome Powell. https://www.federalreserve.gov/foia/files/chair-powell-calendar-022022.pdf
  52. JCrypto gave us the first peek of Virtua condo interiors. https://twitter.com/JCRYPTO_YT/status/1594687839073075202
  53. Cornucopias debuted another reel of their metaverse. https://www.youtube.com/watch?v=MbH4B9X_Szw
  54. The Cardano Island Crib event beta test is now live. https://blog.virtua.com/virtua-news/cardano-island-crib-beta-test-faqs/
  55. This is an important skirmish in the greater battle and war. https://twitter.com/lex_node/status/1594824963386638336
  56. Carda Station has secretly built and opened up a second colony on the moon and it’s covered with a dome! https://twitter.com/Carda_station/status/1594863875328983041
  57. MuesliSwap is deploying concentrated liquidity pools on private testnet. https://twitter.com/MuesliSwapTeam/status/1593621917151514631
  58. Congressman Tom Emmer is trying to make it clear to everyone that the FTX collapse was about centralized finance and not about crypto which is focused on decentralization. https://twitter.com/RepTomEmmer/status/1595148698170032128
  59. Brian Armstrong has revealed that Coinbase had $39.9 billion in BTC as of September. https://twitter.com/brian_armstrong/status/1595126425371414528
  60. Virtua gave us a look at the exterior of the various sizes of cribs. https://blog.virtua.com/wp-content/uploads/2022/11/Virtua-Metaverse-Cardano-Island-Cribs-PDF.pdf
  61. The day started with some very worried about the status of Orbis. https://twitter.com/SCATDAO/status/1595491732044521473
  62. Cardano Whale reported on Twitter that “Ardana and Orbis rugged.” https://twitter.com/cardano_whale/status/1595587212619534336
  63. Shortly thereafter, Orbis acknowledged that they are unable to continue. https://twitter.com/orbisproject/status/1595589252330536960
  64. As did Ardana. https://twitter.com/ArdanaProject/status/1595594077260709888
  65. A SundaeSwap founder subsequently reached out to Ardana to see if there was any infrastructure or internal tooling that could be purchased. https://twitter.com/artembwright/status/1595597291896848386
  66. A big controversy emerged today over a big dump of Indigo tokens and a well known project founder who may be responsible. https://twitter.com/bisoncoin_io/status/1595559991775461376
  67. Buying Cardano NFTs with a credit card is now apparently a thing. https://twitter.com/winter_NFTs/status/1595497540169830402
  68. Now, SBF is being interviewed at a summit. This has gone too far. https://twitter.com/SBF_FTX/status/1595512579417378837
  69. Cardano Whale keeps exposing the egregious media/data blackout on Cardano. https://twitter.com/cardano_whale/status/1595410139653079043
  70. It looks like the Artifct Moon metaverse is beginning work on a 3D map. https://discord.com/channels/882364185244237884/882374348638404628
  71. Looks like the Bank of Japan will be launching a CBDC in 2023! https://www.nikkei.com/article/DGXZQOUB21BRU0R21C22A1000000/
  72. Concerns have surfaced over the possibility of a developing Twitter Space aristocracy in Cardano. https://twitter.com/intel_honesty/status/1596733717405310976
  73. Ryan Motovu of Ardana actually hosted a Twitter Space to answer questions. As expected, some people had some fire for him (not in the good emoji fire way) while others asked really good questions that were actually helpful in progress going forward. https://twitter.com/ArdanaProject/status/1596511862849507335
  74. Subcritical hosted a Twitter Space with DC of Liqwid where the controversy with the sale of his Indigo tokens was addressed. https://twitter.com/SubcriticalTV/status/1596218694140514305
  75. The Virtua Cardano Island landbot sale has been delayed to Wednesday and the free mint for holders of the 7 summit NFTs will be the day after. https://twitter.com/VirtuaMetaverse/status/1596219132797542406
  76. Charles says the CFund is going to be asking some very hard questions about the Ardana failure and he’s very disappointed they had to find out about it via Twitter. https://www.youtube.com/watch?v=AA6_kHwxFpA
  77. We have now passed the one year birthday of MuesliSwap which means it is also the one year birthday of DeFi on Cardano. https://twitter.com/MuesliSwapTeam/status/1464281537608830978
  78. BlockFi has filed for Chapter 11 bankruptcy and it’s reported the hole is $1-10 Billion. https://restructuring.ra.kroll.com/blockfi/Home-Index
  79. Today, I said very mean things about Apple…and I meant it. Some of this heavily impacts us in crypto and Cardano. https://twitter.com/ArmySpies/status/1597310943423516672
  80. World Mobile is going stateside! https://twitter.com/WorldMobileTeam/status/1597328923238739968
  81. Fidelity has launched their retail crypto business. It looks like it’s just BTC & ETH for now with others possible in the future. https://www.fidelity.com/crypto/help-desk/about-fidelity-crypto
  82. Pomp gets hilariously ratioed for his past heavy promotion of BlockFi. https://twitter.com/Wade24T/status/1597243894718091264
  83. Liqwid Labs has completed a $2.7 million seed round led by the CFund.It looks like this was an investment in the Team and Advisor allocation of tokens as opposed to Liqwid Labs equity. https://twitter.com/liqwidfinance/status/1597592725100302338
  84. The Swift network is letting you know that they’ve already completed their initial experiments on how to connect all the central bank digital currencies. https://twitter.com/swiftcommunity/status/1597240666547015680
  85. Here’s a really good point about gaming revenue vs. every other type of media and what that means for the future of crypto/blockchain/web3 based gaming. https://twitter.com/NFT_GOD/status/1597592022705213441
  86. The Pavia Plaza live test event will be December 14th! https://twitter.com/Pavia_io/status/1597585142993805312
  87. Vitalik makes a very good point here. Governance rights is a super weak narrative on which to base the value of a token. https://twitter.com/VitalikButerin/status/1597570120456769536
  88. NMKR’s Rogue Galaxies is adding some heat to Cardano Web3 games. It’ll be a Roguelike sci-fi MMORPG. The first NFT drop will be December 9th. https://twitter.com/RogueGalaxies/status/1597612942807437312
  89. LBRY is announcing that they have been “killed by legal and SEC debts”. https://twitter.com/LBRYcom/status/1597723017626681344
  90. The European Central Bank has become the latest in a long line of fortune tellers who for over a decade have been predicting the imminent demise of crypto. https://twitter.com/ecb/status/1597894360510922752
  91. Tomorrow the claim window will open for a free Virtua landbot if you hold all 7 Cardano Summit 2021 NFTs. https://twitter.com/VirtuaMetaverse/status/1598018929196425216
  92. Here’s a very high level peek from Wired at where a few members of Congress stand on crypto in a post-FTX world. https://www.wired.com/story/us-congress-ftx-cryptocurrency-regulation/
  93. Crypto Winter is still very frigid. Kraken just had to fire 30% of its workforce. https://blog.kraken.com/post/16442/business-update/
  94. A bill has been introduced in the US House and Senate to prevent the Fed from ever releasing a CBDC directly to the people. https://twitter.com/RepTomEmmer/status/1598038625337610240
  95. Maybe we’re going about this DAO thing all wrong. https://twitter.com/ArmySpies/status/1598071796468658176
  96. Things have changed in crypto. Maybe Cardano can be that hard reset. https://twitter.com/ArmySpies/status/1597857172402057216

~Army of Spies


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Crypto Investor Briefing – December 2022

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https://preview.redd.it/yk1dt3jlaf3a1.png?width=800&format=png&auto=webp&s=0110651b4c05594388ef4fefb901bbbd0bb12962

December 2022

The spotlight this month has been on FTX’s collapse: the unraveling of a messy relationship with sister-firm Alameda, mishandling of user assets, and questionable management practices from the one-time poster-boy of the industry, Sam Bankman Fried. The dominos have started to fall as institutional relationships with FTX come under pressure – Messari has put together a great diagram (below) – claiming victims such as Genesis Trading and BlockFi as they halted services, the latter filing for bankruptcy. 

Contagion has also spread to indirect parties like Grayscale, an entity related to the Digital Currency Group, Genesis Trading’s parent company: its Grayscale Bitcoin Trust discount widened to as much as 45%, data from ycharts shows. Interestingly, we wrote about the rising trend of indirect exposure to BTC back in November 2021, and our recommendation of direct exposure still remains valid.

The timing of the event seems almost ironic, given that we wrote about “silver linings” in our last newsletter. One silver lining that has emerged is increased transparency from centralized exchanges as they publish Proof-of-Reserves. Focusing on positives, an interesting development that got buried under the negative news this month is the collaboration between Goldman Sachs, MSCI and Coin Metrics to introduce Datonomy™, a taxonomy of digital assets.(more on this in our “Top Stories”). This is a significant step in the maturity of cryptocurrencies as an asset class.

The event will go down in the industry’s history books, and the last thing we will say is that it was caused by human greed and malfeasance, not the underlying technology. 

As we head into the last month of 2022, the team at Tokenomy would like to wish our users and subscribers happy holidays with your friends and loved ones. I hope we all get some time off to reflect on what has been nothing short of an eventful year, and to rest and recharge. As we wrap up the year, we look forward to meeting you again in 2023!

Kenny Chiang
Senior Research Analyst
Tokenomy


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November 2022 Highlights!

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https://preview.redd.it/tge16d6saf3a1.png?width=768&format=png&auto=webp&s=1bce2dd385fc823fabe88535d2fba30a06d30407

Dear Tokenomy users,

November was an eventful month for Tokenomy — here’s a quick recap!

  1. 2022 Indonesia Crypto Investor Report
    Although 2022 marked the new “crypto winter,” data from our survey shows that most crypto investors in Indonesia are still optimistic about the future of the crypto industry. Read the full report here.
  2. New educational videos!
  1. Get updated with the latest news about Blockchain and the Crypto world.
    This month, we have curated many exciting news articles about Blockchain and Crypto on our social media. You may have read about crypto development amid world economic turmoil, updates on FTX breaking news, the opportunity we can take when the market is in deep correction, and many more! 
  2. Introducing: CMIC Academy
    As a proud member of the Crypto Market Integrity Coalition (CMIC), we are introducing to you: CMIC Academy – A first-of-its-kind training program developed for and by the crypto ecosystem. Click here to start learning.

Thanks for tuning in to Tokenomy’s November 2022 Highlights. Look out for more exciting events we have upcoming in December!
Stay healthy, and stay tuned to our social media for the latest updates.

Thank you,
The Tokenomy Team


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SpiderWeb ($ARAC) - Quick Fundamentals - Security Features

Hey Spider-Mites,

Today, we will start off with a Quick Fundamental guide on the Security Features of SpiderWeb ($ARAC)! This will be a quick guide to highlight the key points and features within our security features for you to better understand just "How" we intend to protect the information, and "Why" it will be far more secure than the traditional methods used today!
This project was built with the aim to reduce both cost of traditional web hosting and traffic while maximizing focus on providing security as it has become a rampant issue amongst users, both business and personal alike!

Let's Begin!

Spiderweb ($ARAC), is/will be composed of self-built private nodes and public nodes of P2P resources, in essentially 3 tiers, to form a web of decentralized IDC infrastructure:

Tier Structure

For heightened security, Spiderweb ($ARAC) has a built in proactive/passive AI which monitors all traffic and also uses the same SHA256 encryption method as Bitcoin nodes, SO incase of failure or intrusion/hacking events, it will automatically relay and/or retrieve information between other nodes, so that data security is guaranteed! (see photos below!)

Your personal nodes (SDN - See White Paper for more details) will hold about 49% of you data, while the other 51% is fragmented on all other nodes within the network, and the process to rebuild ANY loss data from any POSSIBLE failure events will be easy as well so that users can operate without worry!

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After SHA256 encryption fragments your data into 100 pieces, it will store it across 100 initial nodes across the network so, with these exciting and amazing features, you can be sure that you can go about your business with a peace of mind!

(SpiderWeb ($ARAC) will also incorporate an eco-friendly and energy-efficient consensus mechanism called "Proof of Use" (PoU), which will be used as a means of reward verification as well!)

(**See the NFT Collection Launch post for more details!**)

Thanks everyone for taking the time to understand our Security features! Once again, for a more detailed explanations of this, please visit our #WhitePaper here: https://discord.gg/TmhneY5SEu !
Hope everyone has a great day and let's weave a brighter future together!


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A note to investors from Barry, DCG:

Dear Shareholders,

There has been a lot of noise over the past week and I want to get in touch directly to clarify where we stand at DCG.

Most of you are aware of the situation at Genesis, but to recap up front: Genesis Global Capital, Genesis’ lending business, temporarily paused redemptions and new loan originations last Wednesday, November 16 after market turmoil sparked unprecedented withdrawal requests.  This is an issue of liquidity and duration mismatch in the Genesis loan book.  Importantly, these issues have no impact on Genesis’ spot and derivatives trading or custody businesses, which continue to operate as usual.  Genesis leadership and their board decided to hire financial and legal advisors and the firm is exploring all possible options amidst the fallout from the implosion of FTX.

In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG.  For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms.  These loans were always structured on an arm’s length basis and priced at prevailing market interest rates.  DCG currently has a liability to Genesis Global Capital of ~$575 million, which is due in May 2023.  These loans were used to fund investment opportunities and to repurchase DCG stock from non-employee shareholders in secondary transactions previously highlighted in quarterly shareholder updates.  And to this day, I’ve never sold a share of my DCG stock.

You may also recall there is a $1.1B promissory note that is due in June 2032.  As we shared in our previous shareholder letter in August 2022, DCG stepped in and assumed certain liabilities from Genesis related to the Three Arrows Capital default.  As stated in August, because these are now DCG liabilities, DCG is participating in the Three Arrows Capital liquidation proceedings on the Creditors’ Committee and is pursuing all available remedies to recover assets for the benefit of creditors.  Aside from the Genesis Global Capital intercompany loans due in May 2023 and the long-term promissory note, DCG’s only debt is a $350M credit facility from a small group of lenders led by Eldridge.

Taking a step back, let me be crystal clear: DCG will continue to be a leading builder of the industry and we are committed to our long-term mission of accelerating the development of a better financial system.  We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger.  DCG has only raised $25M in primary capital and we are pacing to do $800M in revenue this year.

I bought my first bitcoin a decade ago in 2012 and made the decision that I would commit to this industry for the long term.  In 2013, we founded the first BTC trading firm – Genesis – and the first BTC fund, which evolved into Grayscale, now the world’s largest digital currency asset manager.  Foundry runs the largest bitcoin mining pool in the world and is building tomorrow’s decentralized infrastructure.  CoinDesk is the industry’s premier media, data, and events company and they have done phenomenal work covering this crypto winter.  Luno is one of the most popular crypto wallets in the world and is an industry leader in the emerging markets.  TradeBlock is building a seamless institutional trading platform and as the newest subsidiary, HQ is establishing a life and wealth management platform for digital asset entrepreneurs.  Each of these subsidiaries are standalone businesses that are independently managed and are operating as usual.  Lastly, with a portfolio of 200+ companies and funds, we’re often the first check for the industry’s best founders.

We appreciate the words of encouragement, along with offers to invest in DCG.  We will let you know if we decide to do a financing round.

Despite the difficult industry conditions, I am as excited as ever about the potential for cryptocurrencies and blockchain technology over the coming decades and DCG is determined to remain at the forefront.

Barry


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List of 90 remote jobs published recently

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    American Council of Learned Societies · $75,000 - $85,000 · NY, US
    n-a, 1-year

  • Customer Service Representative - Remote \)link\)
    GovAssist LLC · US
    sales-marketing, contract, customer-support, anywhere-in-the-world

  • Principal Security Engineer \)link\)
    Stake · Australia, New Zealand
    engineering, devops-sysadmin, full-time

  • Research Project Manager \)link\)
    Center on Reinventing Public Education · $70,000 - $85,400 · Washington, US
    non-tech, sales-marketing

  • Remote Creative Copywriter \)link\)
    Aquent
    sales-marketing, copywriting, advertising, social-media, part-time, usa

  • Executive Assistant To Support High-functioning Ceo \)link\)
    Paradigm Life · USA
    sales-marketing, business, full-time

  • Mid Market Account Executive \)link\)
    Wonolo · Northern America
    sales-marketing, sales, full-time

  • Junior Sales Manager \)link\)
    Yelp
    sales-marketing, non-tech, mid-senior-level, full-time, sales-advertising-and-business-development, advertising-services-software-development-and-technology-information-and-internet, remote

  • Business Development and Partnerships Manager \)link\)
    KYC-Chain · Hong Kong
    sales-marketing, full-time, sales-and-marketing, anywhere-in-the-world

  • Hr Manager \)link\)
    Community Education Group · West Virginia, US
    non-tech

  • Managing Director Of Analytics \)link\)
    MoveOn · $154,000 · California, US
    n-a

  • Information Security Network Expert \)link\)
    Roland Berger · Munich, Germany
    engineering, full-time, cloud, computer-science, industrial, monitoring, network-security, siem, strategy, team-events, germany, netsec-jobs, back-to-job-search, m-w-d

  • Remote Finance Manager \)link\)
    Prospect
    non-tech, lead-generation, accounting, cloud, part-time, canada

  • Remote International Claims Admin. \)link\)
    Brown and Joseph, LLC
    non-tech, salesforce, full-time, usa

  • Customer Marketing Manager \)link\)
    Monte Carlo · USA
    sales-marketing, marketing

  • Monitoring Evaluation and Learning Specialist \)link\)
    Internet Society · Virginia, US
    sales-marketing, engineering

  • Cybersecurity Consultant \)link\)
    Sia Partners · Rotterdam, Netherlands
    engineering

  • Bookkeeper \)link\)
    Young Judaea Global · $45,000 - $55,000 · New York, US
    non-tech, full-time

  • Assistant/associate Director Of Institutional Partnerships \)link\)
    Auburn Seminary · $62,500 - $75,000 · NY, US
    engineering, sales-marketing, non-tech

  • Marketing & Development Manager \)link\)
    PHASE ONE · $65,000 - $75,000 · California, US
    tech, sales-marketing

  • Business Analyst \)link\)
    Startwithdata · UK
    sales-marketing, business, full-time

  • It Team Lead \)link\)
    GovAssist LLC · US
    engineering, contract, full-stack-programming, anywhere-in-the-world

  • Azure Architect \)link\)
    PSI CRO · Oxford, United Kingdom
    engineering

  • Executive Assistant \)link\)
    Distinguished Daughters of Pennsylvania · $20 · Pennsylvania, US
    non-tech, sales-marketing

  • Executive Assistant \)link\)
    Interise · Massachusetts, US
    non-tech, engineering, sales-marketing

  • People Ops Partner \)link\)
    Panaseer · UK
    non-tech, human-resources, full-time

  • Remote Engineering Manager \)link\)
    AlphaSights
    tech, architecture, full-time, usa

  • Cybersecurity Network Engineer \)link\)
    Bitcoin Depot · Remote
    engineering

  • Enterprise Model Risk - Quantitative Modeling - Advisor \)link\)
    Fannie Mae · USA
    non-tech, finance-legal, full-time

  • Product Designer \)link\)
    WorkRamp · USA
    design, full-time

  • Product Manager \)link\)
    Windranger Labs · EMEA, APAC
    tech, product

  • Remote Product Marketing Manager \)link\)
    Ada
    sales-marketing, product-marketing, product-management, customer-experience, shopify, full-time, other

  • Head Of Product \)link\)
    Voldex · Worldwide
    tech, product

  • Junior Copywriter \)link\)
    Pmmalliance · Worldwide
    non-tech, writing, full-time

  • Freelance Marketing Analytics & Attribution Content Writer \)link\)
    Recast · NYC, NY, USA
    sales-marketing, contract, sales-and-marketing, anywhere-in-the-world, analytics, digital-marketing, technical-writing, tracking-and-attribution, writing

  • Social Media & Digital Outreach Coordinator \)link\)
    Fisher House Foundation, Inc. · Maryland, US
    tech

  • Senior Product Designer - B2c, Mobile \)link\)
    NutriSense · Remote
    engineering

  • Principal Project Manager \)link\)
    Unanet · USA
    n-a, all-others

  • Web3 Community Marketing Manager \)link\)
    HAL · Northern America
    sales-marketing, customer-service, full-time

  • Contracts Administrator \)link\)
    2U · Washington, District of Columbia, United States
    non-tech, salesforce, students, education, administrator, management, legal, healthcare, full-time, startups, telecommute, flexible-hours

  • Platform Administrator \)link\)
    Fair Labor Association · District of Columbia, US
    non-tech

  • Chief Executive Officer, I Am Als \)link\)
    I AM ALS · $225,000 · District of Columbia, US
    non-tech, sales-marketing

  • Digital Advertising Manager \)link\)
    Chapman Cubine Allen & Hussey · $75,000 · VA, US
    non-tech, sales-marketing

  • Customer Success Manager \)link\)
    DAT Solutions · USA
    sales-marketing, customer-service, full-time

  • C4isr Systems Solutions Architect \)link\)
    Talent Acquisition Concepts · USA
    engineering, devops-sysadmin, full-time

  • Marketing Manager \)link\)
    GreatNonprofits · CA, US
    tech, sales-marketing

  • Hr Lead \)link\)
    Stichting World Benchmarking Alliance · $50,000 - $56,000 · Noord-Holland, NL
    non-tech, sales-marketing, people-operations-lead

  • Relationship Manager \)link\)
    Ruby Receptionists HQ · Seattle, Washington, United States
    sales-marketing, manager, saas, salesforce, ceo, growth, director, ruby, management, marketing, sales, full-time, startups, telecommute, flexible-hours

  • Data Pipeline Engineer \)link\)
    eSimplicity · USA
    engineering, data, full-time

  • Qa Automation Developer - Vr / Unity / android \)link\)
    ArborXR · Northern America
    tech, qa, full-time

  • Technical Writer and Coordinator \)link\)
    Common Approach to Impact Measurement · $40 - $60 · Ontario, CA
    engineering

  • Chief Financial Officer \)link\)
    The Chisholm Legacy Project--A Fiscally Sponsored Project of Community Initiatives · $120,000 · Maryland, US
    non-tech, sales-marketing

  • Senior Program Manager \)link\)
    Avalon Consulting Group · $65,000 - $75,000 · District of Columbia, US
    non-tech, direct-marketing, non-profit-fundraising, remote

  • Contract Grant Writer \)link\)
    Can'd Aid · $31 · Colorado, US
    tech, non-tech, sales-marketing

  • Sr. Product Designer \)link\)
    TixTrack · USA
    design, full-time

  • Executive Assistant \)link\)
    Cascade Financial Technology · USA
    sales-marketing, business, part-time

  • Undercover Investigator \)link\)
    Animal Outlook · $800 · DC, US
    non-tech

  • Cold Caller - Executive Assistant \)link\)
    Elevate and Delegate · Philippines
    sales-marketing, business, full-time

  • Remote Global Sales Activation Manager \)link\)
    Baker Hughes
    tech, lead-generation, project-management, salesforce, full-time, usa

  • Remote Digital Marketing Automation/tech Specialist \)link\)
    Colette Baron-Reid
    sales-marketing, tech-support, oracle, project-management, ab-testing, assistant, full-time, global

  • Senior Data Scientist \)link\)
    Sunscrapers Sp. z o.o. · Poland
    engineering, data, full-time

  • Client Success Manager \)link\)
    Grow Progress · $63,000 - $90,000 · District of Columbia, US
    non-tech, sales-marketing

  • Director Of Professional Development Operations \)link\)
    Zearn · NY, US
    non-tech, engineering

  • Manager, Direct Response \)link\)
    ASPCA · $56,000 - $72,000 · NY, US
    tech, sales-marketing

  • Head Of Growth & Digital Marketing \)link\)
    Sardine · USA
    sales-marketing, marketing

  • Director Of Sales \)link\)
    Looma · USA
    sales-marketing, sales, full-time

  • No-code Product Manager \)link\)
    Airdev · San Francisco
    tech, contract, product, anywhere-in-the-world, independent-contractor, multiple-seniority-levels

  • Social Media Strategist \)link\)
    DICK'S Sporting Goods · Coraopolis, PA
    sales-marketing, non-tech, full-time, marketing, sporting-goods-manufacturing-manufacturing-and-retail, remote

  • Artist Centered Program Associate \)link\)
    Joan Mitchell Foundation · $40,000 - $50,000 · Louisiana, US
    non-tech, design

  • Urgent 3d Animations For Web, No $ Limit \)link\)
    Greyt GmbH · Remote
    design

  • Remote Senior Technical Writer / Editor \)link\)
    Aquent
    sales-marketing, publishing, technical-writing, editing, devops, customer-experience, full-time, other

  • Director- Finance Operational Risk Management \)link\)
    Fannie Mae · USA
    non-tech, finance-legal, full-time

  • Lead Software Engineer \)link\)
    Circle · New York
    engineering, full-time, full-stack-programming, americas-only, emea-only, react, ruby-on-rails, internal-tools

  • Program and Operations Manager \)link\)
    Solar Cookers International · $51,000 - $61,000 · California, US
    non-tech, engineering, sales-marketing

  • Sr. Devsecops Engineer \)link\)
    Spruce · USD 165,000 - 200,000 · Remote
    engineering

  • Head Of Growth \)link\)
    Close · USA
    sales-marketing, sales, full-time

  • Senior Full Stack Developer \)link\)
    D4H · The Baily Lighthouse, Dublin, Ireland
    engineering, full-time, full-stack-programming, europe-only, javascript, node-js, php, help-save-lives-with-software

  • Client Coordinator Overnight \)link\)
    Health Hero · UK
    sales-marketing, customer-service, full-time

  • Senior Ui/ux Designer \)link\)
    Sentium · UK
    design, full-time, consultant

  • Senior Communications Manager \)link\)
    Genetics Society of America (GSA) · Maryland, US
    tech, sales-marketing

  • Online Grant Coordinator \)link\)
    Camp Dream · $10 - $100 · GA, US
    tech, sales-marketing, non-tech

  • Digital/communications Coordinator \)link\)
    Oregon League of Conservation Voters · $40,000 · Oregon, US
    tech, non-tech, sales-marketing

  • Research Assistant, Reproductive Justice \)link\)
    Human Rights Watch · Pichincha, EC
    non-tech

  • Remote Administrative Assistant \)link\)
    Nesco Resource, LLC
    non-tech, assistant, business-development, customer-service, full-time, usa

  • Marketing & Sales Associate \)link\)
    Equitable Food Initiative · $60,000 - $75,000 · District of Columbia, US
    sales-marketing

  • Hr Specialist \)link\)
    Codelessinteractivellc · USA
    non-tech, human-resources, full-time

  • Amplify Girls Development Manager \)link\)
    AMPLIFY Girls · $50,000 - $60,000 · Tennessee, US
    sales-marketing

  • Linkedin Ambassador/social Media Manager For B2b Company \)link\)
    AutopilotReviews · US
    sales-marketing, contract, sales-and-marketing, anywhere-in-the-world

Hello friends! These are the open remote positions I've found that were published today. See you tomorrow! Bleep blop 🤖


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