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.


Crypto world finds the stock market’s GameStop woes downright hilarious

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A paragraph actually published in the New York Times on Tuesday:

“Companies are now finding ways to use blockchains, and similar technology inspired by it, to create social media networks, store online content and host websites without any central authority in charge. Doing so makes it much harder for any government or company to ban accounts or delete content.”

Amazing! If only someone had told us sooner!

Oh, wait…

As ever, the latest headlines…


F!#@ the banks. That’s it. That’s the sub-head.

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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.

A brief, enthusiastic podcast pick to get started this time:

Ex-Facebooker Anthony Pompliano just did an excellent episode in which he interviews programmer Isaiah Jackson about bitcoin’s potential to economically empower Black America.

Based on private conversations, I know this is a topic of interest to several readers of this newsletter as well. So I definitely want to call it to your attention.

In their 30-minute talk, which you can check out here, “Pomp”…


Even as democracy ails in the “real” world, it continues to thrive online

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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.

Like a lot of Americans, I’m concerned about the health of my country’s democracy heading into the inauguration of a new president this Wednesday. On the other hand, I’m happy to report that democracy is very much alive online. That comes through loud and clear in the latest headlines, I think:

  • A muscular official response to the siege of the U.S. capitol took shape both online and off. Authorities collared dozens of rioters across…

Big Tech boots Trump and Parler. Meanwhile, crypto’s market cap soars over $1 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.

Frankly, it was sometimes difficult to separate tech news from “news news” this week:

  • The fallout from Wednesday’s political unrest in the U.S. reverberated on Big Tech’s platforms. Twitter banned Donald Trump’s personal tweets permanently for inciting riots at the capitol in Washington. Rival Facebook suspended him “indefinitely.” And the social app Parler, which has recently become a gathering spot for right-wing extremists, told users to expect up to a week of downtime after…

Updates on bitcoin’s bull run, Miami exploring blockchain governance, and more

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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.

Happy New Year! So much for year-end being a slow stretch for news. To the contrary, tech stories have been breaking fast and furious:

  • The Carolina Panthers’ Russell Okung became the first player from a major U.S. sports league to receive a salary in bitcoin. The offensive tackle confirmed Tuesday he will receive half his 2020 salary of $13 million in bitcoin. The payment will be transferred by the Panthers via Strike, a payroll…

Looking back at 2020 and ahead to the New Year

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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.

As this is my last update of 2020, I want to look back a bit, then ahead to the New Year.

Decentralized technologies gained a lot of traction this year, with bitcoin’s record run garnering the most popular attention by far. As an old markets reporter on Wall Street, the token’s performance against both its crypto peers and more traditional investments has been fascinating to me, frankly.

With just a few trading days to…


Bitcoin hits new records, the gold market loses a legend, and more

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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.

Let’s talk “digital gold” and “gold gold.”

Bitcoin, sometimes called “digital gold” because of its finite supply, has been the big story in tech by far lately. It jumped almost 25% for the week and hit several new records, topping $24,000 for the first time on Saturday.

The big catalyst continues to be fresh buying by big Wall Street firms warming to cryptocurrency. The hedge fund One River Asset Management emerged as a new…

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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