Crypto Twitter has once again been full of hot takes and spicy comments this week, with some interesting discussions and debates taking place. One of the most notable moments of the week was the return of Alex Pertsev, developer of Tornado Cash, to the public eye. Meanwhile, Binance CEO CZ has caused a stir by claiming that he’s not actually that rich. Here’s everything you need to know about this week on Crypto Twitter.
Tornado Cash Dev Alex Pertsev Returns
Tornado Cash is a privacy-focused Ethereum mixer that allows users to send and receive transactions without revealing their identities. The project has been gaining a lot of attention lately, as more and more people become interested in privacy solutions for blockchain transactions. However, the project’s development team has been relatively quiet, with developer Alex Pertsev not appearing on social media in quite some time.
That changed this week, as Pertsev took to Twitter to discuss the future of Tornado Cash and answer questions from the community. Pertsev revealed that he’s been working on some upgrades to the project, including a new version that will use zk-SNARKs to achieve even greater privacy. He also hinted at the possibility of integrating Tornado Cash with other Ethereum-based projects in the future.
Crypto Twitter was excited to see Pertsev back in action, with many people praising his work on Tornado Cash and expressing their support for the project. Of course, there were also some skeptics who raised questions about the efficacy of Ethereum mixers in general, but overall the response was overwhelmingly positive.
CZ Says He’s Not That Rich
Binance CEO Changpeng Zhao, better known as CZ, caused a buzz on Crypto Twitter this week with a comment he made during a live stream. When asked how he manages his immense wealth, CZ replied by saying that he’s actually not that rich.
Now, it’s worth noting that CZ’s statement wasn’t entirely serious – he went on to explain that he puts most of his wealth into cryptocurrency, which can be volatile and unpredictable. However, the comment still sparked some interesting conversations about wealth and the crypto industry.
Some people took CZ’s statement at face value and raised questions about the ethics of accumulating massive amounts of wealth, especially in a world where so many people struggle to get by. Others pointed out that the value of cryptocurrency is inherently subjective and that CZ’s wealth could evaporate quickly if the market took a downturn.
Regardless of how you interpret CZ’s comment, it’s clear that wealth and income inequality are major issues in the crypto industry and beyond. As the industry continues to grow and mature, it will be important to have honest and nuanced discussions about these topics.
Other Highlights of the Week
Of course, there were plenty of other interesting discussions and debates on Crypto Twitter this week. Here are a few highlights:
– The emergence of NFTs (non-fungible tokens) continued to be a hot topic, with many people debating the merits of digital art and the potential for NFTs to revolutionize the way we buy and sell creative works.
– Bitcoin’s ongoing rally also generated a lot of buzz, with some people predicting that the cryptocurrency could soar to new heights in the coming weeks and others warning that a correction is imminent.
– The ongoing drama around Bitfinex and Tether also came up, with some people expressing concern about the potential impact of the Bitfinex/Tether case on the crypto industry as a whole.
Overall, it was another busy week on Crypto Twitter, with lots of interesting discussions and debates taking place. As always, it will be interesting to see what next week brings – stay tuned!
Last week in the world of cryptocurrency, there was a small market-wide rally led by Bitcoin after shares in First Republic Bank declined due to a decrease in deposits. However, there was no explosive price movement seen in the leading cryptocurrencies.
On Crypto Twitter, electro-pop singer Grimes started a conversation on AI, offering 50% royalties to anyone who creates a hit using her machine-generated voice. Avenged Sevenfold singer M. Shadows also expressed interest in Grimes’s proposal. Meanwhile, Neeraj Agrawal, head of communications at CoinCentre, solicited donations for Bitcoin developers embroiled in a legal battle with industry troll Craig Wright.
Bankrupt crypto lender Voyager revealed that its deal with Binance US to acquire its assets had been axed due to the uncertain regulatory climate in the United States. Solana announced a new integration with ChatGPT that allows users to interact with the Solana network from ChatGPT.
Bitcoin briefly plummeted after reports from Blockchain analytics firm Arkham said that wallets linked to the defunct Mt. Gox exchange and the U.S. government had moved huge Bitcoin stashes. Analytics firm Glassnode showed followers how to track the Mt. Gox and U.S. government balances in question.
Blockchain gumshoe ZachXBT was hot on the heels of a scammer who had created over a hundred different memecoins to rug investors with. Meanwhile, Binance CEO Changpeng “CZ” Zhao dismissed claims that he is as wealthy or competitive as everyone says he is.
Coinbase also made headlines after a self-proclaimed Bitfinex/Tether whistleblower posted a scathing critique of recent Coinbase investors. The company has recently mentioned the hostile regulatory climate in the U.S. and announced plans for global expansion.
Finally, Joshua Browder outsourced his entire personal financial life to ChatGPT, giving AutoGPT access to his bank, financial statements, credit report, and email. He shared how it’s going so far and the strange ways it’s saving him money.
It was a busy week in the world of cryptocurrency, with a range of developments and conversations on Crypto Twitter. As the industry continues to grow and evolve, it will be interesting to see what developments will emerge next.