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
Show Notes
Ukraine Has Received Close to $100M in Crypto Donations. (coinbase)
Ukraine canceled its crypto airdrop. It’s turning to NFTs instead. (protocol)
What Is a Crypto Airdrop? (binance)
Russia is considering selling its oil and gas for bitcoin. (CNBC)
The DAO Hack Explained. (medium) He’s the DAO hacker, doxxed in new book. (cryptoslate)
What is Tornado Cash? (shrimpy, tornado)
SlowMist AML: Tracking funds laundered by Tornado Cash. (medium)
Are Bitcoin mixers illegal? (crypto-news-flash)
India killed crypto trading: 30% tax on gains, no loss carry over, no cross-crypto P&L offset, 1% TDS on all trades.
Check Your Financial Privilege. (amazon)
Financial repression comprises "policies that result in savers earning returns below the rate of inflation" to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments." (wikipedia)
A Look Back at Financial Repression. (richmondfed)
Round-tripping: how tiny Mauritius became India’s main investor. (FT)
The RBI closed that window by refusing to raise the $7 billion limit on international holdings in January. Some MFs are accepting existing SIP inflows but all lumpsums have been blocked. (ValueResearch, ET, PPFAS, Motilal Oswal)
Read: Funding Your Dollar Dreams, Indians Investing Abroad
Govt plans reform in capital gains tax. (LiveMint)
NPS Tier I & II (ETMoney)
In 1980 the Apple IPO was too risky for Massachusetts. (nextbigfuture)
define: ethereum. (stockviz)
The Tokenomics of Ethereum. (substack)
What is "proof of work" or "proof of stake"? (coinbase)
Putin’s war is disrupting crypto’s fantasy of stateless money. (fortune)
Markets this Week
IT, a bunch of commodity stocks and Reliance drove Indian markets this week. US bonds continued to get shellacked.
Links
Say hello to Russian gold and Chinese petroyuan. (cradle)
How ‘washed up…old man’ Warren Buffett is getting the last laugh. (MW)
Subbarao joins a long list of bureaucrats growing a spine after retiring and securing a pension. (news18)
Will the Fed Sink Emerging Markets (Again)? (wsj)
A chakravyuh test that an embattled RBI faces. (LiveMint)
There is a renaissance happening in Indian manufacturing. (LiveMint)
Developers of small modular reactors hope their time has come. (economist)