Coinbase’s listing is a big milestone for the entire crypto world. Also a good chance to check in on some fun big-picture stats

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The crypto exchange Coinbase is now worth $63.6 billion following its public listing on Wednesday, which dominated the week’s tech news.

To put that number in context of more familiar stock-market names, Coinbase’s valuation is now greater than that of Twitter ($56 billion) but a notch less than CME Group ($74.5 billion), which operates the Chicago Mercantile Exchange.

In other words, Coinbase’s listing is undeniably a big milestone for the crypto industry as a…


A busy week of headlines on crypto payments, NFTs, new price records for bitcoin and ether, and more

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The latest headlines on decentralization:

  • Crypto payments got a boost from two major companies. PayPal enabled a feature called Checkout with Crypto that enables users to sell cryptocurrencies through PayPal to fund select online purchases in U.S. dollars as part of the PayPal app’s regular checkout flow. Meanwhile, Visa said it will begin allowing the use of USD Coin, a stablecoin pegged to the greenback, to settle transactions on its network.
  • Venture money is…

Down in Miami, a handy reminder of who the pandemic economy’s winners and losers have been.

The building soon to be known as FTX Arena. Photo by jjron via the Wikimedia Foundation under GNU Free Documentation License v1.2

Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

Out with airlines, in with crypto. Could there be a better thumbnail summary of the pandemic era economy than that?

Behold the home court of the Miami Heat, currently known as AmericanAirlines Arena. However, pending final approval from the National Basketball Association, the building will soon be re-christened FTX Arena, in honor of a crypto exchange that just agreed to buy its naming rights for a cool $135 million.

Of course, since the outbreak…


Consumers, not institutions, are driving the bitcoin market for now.

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Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

The latest headlines about decentralization:

  • Consumers are resurgent in the bitcoin market. A new J.P. Morgan analysis shows that retail buying of BTC so far in the first quarter has been outpacing institutional investment. The trend also seems poised to continue as U.S. investors may spend up to $40 billion of their latest stimulus checks on bitcoin, according to a new estimate from Mizuho Securities.
  • More crypto exchanges are going public. In the wake…


New bitcoin highs are being overshadowed for once. Crypto is all about NFTs and DeFi right now.

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Record bitcoin prices are back. But for once that may not even be the biggest story happening in blockchain.

Two other industry trends are also exploding right now, stealing some of ol’ BTC’s thunder: One is the sudden popularity of digital collectibles known as non-fungible tokens (NFTs), and the other, somewhat longer-running phenomenon is the rise of Ethereum-based decentralized finance (DeFi) tools aimed at supplanting conventional forms of borrowing and lending.

The rise of…


I’m launching a little new experiment in journalistic transparency via GitHub

Octocat is the mascot of the popular code-sharing site GitHub. Awwww…

Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

I’m starting a little experiment in journalistic transparency here. Beginning with this edition of the newsletter, you can now view a revision history of the content, including all the earlier drafts, on GitHub.

In essence, this allows you to track my workflow as I add interesting links throughout the week, then write and edit the final version of the content to send out.

This is an expanded use of the repository I’ve always maintained…


Crypto wasn’t spared from Wall Street’s market rout last week. But not to worry.

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Crypto markets had a rough week, as did everything else. But longer-term dynamics still seem to favor rising adoption of the technology.

The world’s crypto markets shed about one-fourth of their total valuation, which recently stood at $1.3 trillion, according to CoinMarketCap data. Bitcoin was especially volatile, hitting a new record over $58,000 early in the week before tumbling later…


New records abound in crypto world, and Canada beats Wall Street to the punch in launching a bitcoin ETF

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Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

The latest headlines about decentralization:

  • Crypto markets saw new records and round-number milestones all around. Bitcoin’s market capitalization topped $1 trillion for the first time as it neared $58,000 per token. Nevertheless, its share of the global crypto market has actually slipped from about 70% at the start of 2021 to 60% now as altcoins’ gains have been even more rapid. Ether has led the way among alts, setting a new all-time high above…

Buying by Tesla has pushed bitcoin near $50,000. With ETH at a new high as well, global crypto market cap now tops $1.5 trillion

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Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. If you’d like to get it in your inbox every Sunday, subscribe here.

Amentum Capital’s Steven McKie took to Medium back in August to predict an “explosion” for the decentralized web.

I just belatedly caught up on his post, which was and is very much worth revisiting since it’s held up remarkably well. Since McKie published it, the global crypto market’s size has nearly quintupled, crossing $1.5 trillion for the first time recently.

In particular, the adoption of blockchain by some of the biggest companies in the…


Big Tech beware. The winners and losers on the newly decentralized web won’t necessarily be the usual suspects.

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Big Tech is clearly on the side losing a tug-of-war between centralized and decentralized tech right now.

Frankly, this has not been the hottest story among mainstream tech reporters, especially in a week when they fixated on Jeff Bezos’s exit as chief executive of Amazon. But signs are mounting of decentralization as a longer-term trend to watch in the industry — one with potential to rearrange the pecking order of tech’s winners and losers.

Peter A. McKay

Consultant and writer focused on Web 3.0. Former award-winning reporter for WSJ, Washington Post, and Vice. Sometime founder and product manager as well.

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