Cryptocurrencies

Binance ‘the next domino to fall’ in crypto crash?

Who will be the next domino to fall in the crypto world?

11/17/2022

Angel investor @Liron on crypto tokens outside of BTC:
“It’s all logically incoherent. There’s absolutely no reason why any of this stuff is ever going to create net value for society or for the economy. It’s all basically just an excuse to play casinos and speculate.”

Tether / P2P app / Africa

“Excited to fly to Ghana soon for the AfroBitcoinOrg [First Pan African gathering of Bitcoiners. December 5th-7th, 2022] organized by Farida_N [Farida Bemba Nabourema – AfroCryptoShill in Gladstein’s network] and the team to meet like-minded people to discuss the role of Bitcoin, Tether & Keet.io in unleashing Financial Freedom and Freedom Of Speech.”

Tweet about AfroBitcoinOrg conf and Keet.io

What is keet.io?

“Keet.io is a Peer-to-Peer Chat App, built with the Holepunch platform that allows anyone to create apps that don’t use any servers.” – “With Bitcoin Lightning and USDT micropayments built-in, it’s easy to implement and use powerful paid features in apps.”

What is Holepunch?

Why did a crypto exchange and “stablecoin” generator develop a communication app?

“Some of the leading players in the cryptocurrency space have jointly developed a new encrypted protocol dubbed Holepunch, which they claim is designed to ‘unlock global communications, empower freedom of speech, and combat censorship around the world.’”

“To put it in another way, Holepunch, jointly developed by Tether, Bitfinex, and Hypercore, is a peer-to-peer (P2P) platform that’s designed to help developers build the next generation of data-intensive Web3 apps.”

Keet.io is based on Holepunch https://economymiddleeast.com/news/what-is-holepunch/

Both sites don’t give any information on who’s behind etc.

“The Site is operated by Holepunch Inc., a limited company registered in the British Virgin Islands […]”

“The 3 companies have invested a total of $10M into Holepunch’s development, and are expecting to take on additional companies as interest starts building up.”


The site still says “Mobile (coming soon)”…

tweets about Appstores by Paolo Ardoino

Is Paolo lying here? Could be Google or Apple might ask for a share of in-app payments…

“Although I’ll admit I’m hoping it’s more an issue of ongoing US DoJ investigations into Tether, and the Govt not being too thrilled with the idea of them expanding their reach.”

Small Patatas on Mastodon

Seems, that as usual, the cryptocolonialists are targeting Africa (see FTX…), at least for the launch… even if not having an app on the continent yet will be a serious limit, but they’re probably at the conference to “evangelize” developers, as they all do…

FTX in Africa – MARA (4)

May 2022: MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy.”

MARA was supposed to be Central African Republic’s official crypto partner…
A relationship with the Central African Republic was confirmed by the exchange team. MARA will function as the country’s official crypto partner, advising the government on best practices, strategy, and planning as it considers greater adoption of cryptocurrencies.
No news, since the botched Sango Coin launch.

Around 11/16, promotions for the launch of their own token started, based on a brand new layer-1 blockchain.
Since then, any mention was quietly deleted…

logo Mara

More info:

Update: “Mara and Chipper Cash are not affected by the FTX bankruptcy”, they say…

“Complete failure of corporate controls” @ FTX

New FTX chief slams ‘complete failure of corporate controls’ at crypto exchange.
John Ray criticises ‘absence of trustworthy financial information’ at sprawling digital assets group.

More @ FT.

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”

Complete failure of corporate controls at FTX

Read full declaration (Pacer).

This company was valued at $32bn!
Sequoia invested in it!
They basically said SBF was the world’s greatest genius!

FTX & Africa (3) – Nestcoin

Feb 6 2022: Nigerian crypto & Web3 startup Nestcoin Closed $6.45 Million in Funding from Alameda Research and others.

Nov 14 2022: African crypto firm Nestcoin will lay off some of its staff due to the FTX debacle. The firm stored some of the funds it raised on FTX.

Per the statement, “user funds are safe.

Nestcoin statement to investors

More on TechCrunch.