EddieJayonCrypto
2 Dec 22
• Apple demonstrates they are not geniuses by going after Coinbase Wallet gas fees!• Ankr Protocol hacked for $5M• Payments firm, Stripe, announces new fiat-to-crypto onrampBad Apple! Right after avoiding a lot of bad press stemming from the Twitter bluster, Apple decides they want to claim more for...
• Apple demonstrates they are not geniuses by going after Coinbase Wallet gas fees!• Ankr Protocol hacked for $5M• Payments firm, Stripe, announces new fiat-to-crypto onrampBad Apple! Right after avoiding a lot of bad press stemming from the Twitter bluster, Apple decides they want to claim more for their walled garden by demanding money from Coinbase Wallet. Here is what is on my mind today.1. Apple want to exact 30% from fees that are not in the control of Coinbase Wallet. In other words, none of the geniuses at Apple understand how crypto works or someone just made a huge mistake. The blowback on this move is going to be huge. This could get worse before it gets better. 2. Ankr Protocol, a DeFi project, suffers a crazy hack where 6 quadrillion aBNBc tokens (synthetic BNB tokens) were minted, having a total value of about $5M. They were then swapped for USDC. Binance was able to help Ankr by freezing $3M which had been sent to the exchange by the hackers. I am sure we will hear more about this as the story continues to unfold. 3. Payments firm, Stripe, announces new fiat-to-crypto onramp. The new service will allow companies to enable their customers to more easily exchange fiat for crypto. The service provides know-your-customer (KYC) facilities, fraud prevention and compliance. Payments processors are getting into crypto because they can see what the future could turn out to be and they want to be a big part of it.