Bankless ROLLUP: Binance Commingling User Funds | Ledger Recover Postponed
13 snips
May 26, 2023 This week dives into Binance's controversial handling of customer funds and the postponement of Ledger Recover due to privacy concerns. The conversation explores the growing demand for Ethereum in conjunction with AI advancements from tech giants. Listeners will also learn about economic challenges like Germany's recession and the contrasting trends in U.S. and African cryptocurrency adoption. Plus, the hosts discuss the impact of collectibles in the NFT space and the evolving relationship between crypto and major tech firms.
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Exchange Usage
- Use multiple crypto exchanges.
- Don't keep your funds on an exchange.
Settlement Assurances
- Settlement assurances are the economic weight cementing transactions on-chain, giving users property rights.
- Crypto finality relies on cryptoeconomics while traditional finance uses the court system.
2019 vs. 2023 Bear Market
- In 2019, DeFi was nascent; now, it's building sophisticated infrastructure with direction.
- This bear market has more capital and less existential dread.