Snacks
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The Crypto Catch-Up…

Snacks / Friday, October 07, 2022
  • 🖊️ Policy… Yesterday the EU expanded its Russian sanctions. The target: crypto. Companies can no longer offer crypto wallets, accounts, or custody services to either the Russian gov or people inside the country.
  • 🤹‍♀️ Quirky… Crypto winter has given rise to 12K+ "zombie coins." These are tokens that haven't traded at all for a month — but because of their decentralized nature can still stumble on (mindlessly or not).
  • 🤔 Sus… Bankrupt crypto lender Celsius shocked its 1.7M users after it froze their accounts (worth $8B) in June. But in May Celsius execs withdrew over $20M in crypto. Alex Mashinsky stepped down as CEO last month.

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