The last week of crypto 2021 is now behind us. Let’s do a short recap.
A rapid increase in the amount of leverage coming from the BTC futures market could mean that either a short or long squeeze will be seen “in the more immediate term”, while Pantera CEO said that Polkadot and Terra are the “most promising” tokens as we enter 2022. Cardano founder said that the community members must do their part to ensure “real decentralization”, and Polygon justified its silent hard fork by citing ‘critical vulnerability’, Aave and Centrifuge partnered to launch a new market called Real World Assets. New DAO dubbed BlockbusterDAO was formed to acquire the defunct movie rental business Blockbuster, and OpenDAO launched on Christmas Eve with an airdrop targeting OpenSea users and seeing a massive price rise. As all this was happening, a new Telegram malware has been joining crypto-focused groups in a bid to steal crypto wallets and account credentials.
Crypto users in Mainland China are still finding ways to trade while major exchanges were preparing to disable service for Chinese users by the end of 2021, and it was argued that a recent court ruling claiming that a Bitcoin mining contract was “void” was not an outlier and is a part of an ongoing trend. In South Korea, there are 24 licensed crypto exchanges but most are stuck in crypto-to-crypto purgatory, Coinone told its customers that they will no longer be able to make withdrawals to “unregistered” wallet addresses, the tax body has announced plans to start taxing crypto gifts and inherited tokens, and the gaming regulator told crypto and blockchain gaming developers to remove play-to-earn titles from the Google Play and the Apple App Store. Bitcoin mining industry saw bad tidings as Kazakhstan experiences power interruptions, but the government is thinking of building a nuclear power plant that could help strengthen the country’s crypto mining sector. And in Australia, the regulators are learning from crypto about how to take on pump and dumps in stocks.
Meanwhile, Decentraland just had its own Times Square and New Year's Eve ball drop.
And now, here comes the selection of jokes from last year. Happy New Year and let’s laugh even more in this 2022.