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The Crypto Catch-Up…

Snacks / Friday, December 09, 2022
  • 📸 Flashy… Crypto's faithful descended on Miami for Art Basel, and even FTX's collapse couldn’t sour the mood (too much). Attendees collected discarded FTX swag as souvenirs (picture: T-shirts in trash bags) and partied to a Grimes DJ set.
  • 🤖 Techy… The September merge promised to cut ethereum energy usage by more than 99%. A new study suggests it succeeded — reducing the blockchain's energy consumption by an Ireland-sized amount (thanks, proof of stake).
  • 🪙 Coins… A judge ordered bankrupt crypto lender Celsius to return $44M to its customers. For now, only crypto held in custody accounts (read: not yield-bearing) falls under the order. Celsius still owes its customers billions.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.