Cryptonite Jan 20
Welcome to the Metahearse
Its time for Cryptonite - our monthly roundup of all things crypto - with Tejaswi Nadahalli.
You can follow Tejaswi on twitter @nadahalli and he blogs at tejaswin.com
A lot has transpired since our last Cryptonite in November.
There was a 40%+ drawdown in Bitcoin and Ethereum. Most coins fell a lot more.
And of course, there was a massive hack. This time, for $325 million (Verge).
The Indian government has decided to tax crypto winnings at 30% but continues to keep the whole asset class in regulatory limbo (TC).
The BITO ETF launched last year has less AUM now than what it had at the time of launch ($950 million vs $1100 million). So much for the tsunami of investment-advisor allocations coming its way.
Three potential paths for the price of bitcoin (jpkoning).
The idea that a society can survive without a state or other actor that can create and destroy money based on prevailing economic conditions is both ahistorical and impractical (pluralistic).
Watch the video for more!
Markets this Week
Equity markets staged a recovery, bonds got shellacked.
Links
Amazon now employs almost 1 million people in the U.S. — or 1 in every 169 workers (NBC).
Korea Has Surpassed Japan in Per Capita GDP (richardkatz).
The Gamification of Finance (apricitas).
“There isn’t a lot of hedging [by other hedge funds] ... A lot of hedge funds have become [index trackers] with a performance fee.” (FT)
Introducing #AlphaCode: a system that can compete at average human level in competitive coding competitions (deepmind).
