2023-08-14

🤐 Trump's Secret Ethereum Treasure Exposed!

August 14, 2023

Howdy folks,I've said it before a billion times, but when Web2 legacy companies start embracing Web3... that will start the fire!

Let's see what we've got for you today.

🔥 Bankman... Fried
💰 Trump's Crypto Stash
🏏 PayPal's Crypto Play

🎭 FTX Founder's Bail/Jail Drama

Crypto magnate Sam Bankman-Fried found himself trading his Californian house arrest for New York's Metropolitan Detention Center last Friday.

The man behind FTX, the now-defunct crypto exchange, had his $250-million bail yanked for allegedly trying to sway witnesses in his fraud case set for October 2nd.Oh, Sam... it seems you're not as wiley as you thought you were! 😶‍🌫️The court's eagle-eyed judge, Lewis A. Kaplan, noted that Bankman-Fried had danced perilously close to the "don't-tamper-with-witnesses" line.Accusations include leaking Caroline Ellison’s personal diaries to paint her unfavorably in the media.She may be annoying, but damn, Sam, that's a d**k move! 🤦‍♂️Although Bankman-Fried's defense team plans to appeal, for now, he's in a New York state... of detention.

Jobs of the Week!

Crypto AccountantMinistry of DefenceHereford

The Crypto Accountant position, a 37-hour per week role, involves overseeing the entire lifecycle of cryptographic/secure media material. Duties include maintenance, safeguarding, record-keeping, handling changes, conducting checks, and dispatching materials. Qualifications include a mandatory Crypto Accountants course. The salary is £22,758 with added benefits.

Golang Engineer – High Growth Crypto Scale upPropel TogetherUnited Kingdom

A rapidly growing crypto scale-up, recently acquired by an industry leader are seeking Golang Engineers for their remote UK team. Dive into microservices design, champion backend standards, and elevate their API performance. Must be proficient in Golang, API design, cloud engineering, and PostgreSQL/MySQL.

Crypto research analyst MCE GroupAmsterdam

MCE Group is a leading venture firm in the Web3 space. They are seeking an analyst with a finance/business degree, 1-7 years of experience, and proficiency in Dutch & English. The role includes crypto research, due diligence, and competitive analysis. Enjoy above-average pay, flexible hours, Amsterdam outings, and fitness perks. The role is initially 75% remote, and relocation to Amsterdam is required.

📜 Trump's Ethereum Reveal

Remember when former President Donald Trump gave cryptocurrencies the cold shoulder, dubbing them as not real money in 2019?

Well, as the crypto adage goes: "Everyone's a critic until they own some." 🤨In a twist of financial irony, Saturday's Office of Government Ethics filing spilled the beans on Trump's hidden treasure: an Ethereum wallet estimated between $250,000 and $500,000.

This isn't Trump's maiden voyage into the crypto sea.Last December, he sailed into NFT waters with a digital deck of "trading cards," showcasing himself as both a cosmic astronaut and a laser-eyed superhero.Remember them? They were as absurd as his speeches! 🙊While this crypto-adventure may have added to his Ethereum stack, it's still docked - he hasn’t cashed out.This comes after Trump disclosed his company, CIC Digital LLC, which licenses his likeness for NFTs yet has a modest US bank balance under $1,000.Sometimes, life's more animated in the digital world. Especially with DT!

🎬 PayPal Unveils Exclusive Crypto Hub

PayPal is taking a leap into the future! The payment juggernaut has recently waved hello to the crypto-world with their Cryptocurrencies Hub.

This new feature isn't just a fancy name: it'll let users juggle Bitcoin and other digital currencies right inside their PayPal accounts.

Here's the scoop: PayPal’s terms have had a makeover to make way for this hub, which promises to let users buy, sell, and make purchases with their cryptocurrency.Remember what I said about Web2 adoption? 🦉And that’s not all. The hub will serve as a bridge, helping users transition between the company’s new stablecoin, PayPal USD (PYUSD), and other cryptos.

But here’s the catch – you won't actually be holding these digital assets:“Any balance in your Cryptocurrencies Hub represents your ownership of the amount of each Crypto Asset shown. You will not hold the digital Crypto Assets themselves in your Crypto Asset balance.”Access to this hub is VIP-only. To snag an invite, you've got to have a flawless PayPal account. And there's paperwork too: PayPal's going to need all your basic details.

Now, while many are dubbing PYUSD as Ether's golden ticket to the mainstream, some crypto-experts are raising eyebrows.With smart contracts named “freezefunds” and “wipefrozenfunds” they've got concerns about PYUSD possibly steering crypto away from its decentralized ethos.It's a stepping stone...you don't just go from spears to lasers...⌛➡️🕰️➡️⌚