Bankless ROLLUP: Genesis Bankruptcy | SEC Crypto Crackdown | Kevin Rose NFTs Hacked | Aptos Token | BAYC Sewer Pass
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Jan 27, 2023 Dive into the chaotic world of cryptocurrency as the hosts tackle the shocking bankruptcy of Genesis Global, revealing a staggering $3.6 billion debt. They discuss the SEC's crackdown on crypto exchanges and the recent NFT heist affecting a well-known collector. Amidst market volatility, they explore the performance of Bitcoin and Ethereum, highlight tax solutions for crypto enthusiasts, and share insights on securing digital assets. An engaging mix of serious issues and lighter moments keeps the conversation dynamic!
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Simplify Crypto Taxes
- Use Crypto Tax Calculator to simplify complex crypto taxes, especially if you're new to finance.
- Bankless Premium subscribers get a larger discount via a code in the Discord server.
Blockchain Revenue Model
- Blockchains generate revenue by selling block space, like Ethereum selling $4 million daily.
- Smart contract platforms have higher revenue potential than those primarily used for simple transactions.
Aptos Valuation Concerns
- Aptos has an inflated valuation compared to its utility, exceeding even Coinbase.
- Its total locked value is significantly lower than Ethereum's, despite a much higher market cap.