Why Warren Buffett is wrong about crypto 🚀

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Equity Mates
March 29, 2023

This Week in Crypto

While we don't have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.

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Tweets & Charts of the week

Articles & Videos

Why Warren Buffett is wrong about crypto: Expert opinion

Warren Buffett has long been criticized by the cryptocurrency community over his stance on digital assets like Bitcoin (BTC).

finbold.com/why-warren-buffett-is-wrong-about-crypto-expert-opinion

Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says

The Commodity Futures Trading Commission wants to permanently bar the cryptocurrency exchange and its founder from commodities markets.

www.nytimes.com/2023/03/27/business/binance-cftc-lawsuit.html

Bitcoin’s blessing: How crypto became a haven in the bank chaos

The value of Bitcoin and other crypto assets has surged since, or perhaps because of, the failure of banks with links to the crypto world.

www.smh.com.au/business/banking-and-finance/bitcoin-s-blessing-how-crypto-became-a-safe-haven-in-the-bank-chaos-20230328-p5cvsw.html

US regulator sues crypto exchange Binance and boss Changpeng Zhao

Complaint alleges firm grew US business despite stated intent to block US customers from platform

www.theguardian.com/technology/2023/mar/27/us-regulator-sues-crypto-exchange-binance-and-boss-changpeng-zhao

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More of the big news

Crypto exchange Binance sued by US futures regulator

“The defendants’ own emails and chats reflect that Binance’s compliance efforts have been a sham,” the regulator’s chief counsel said.

www.afr.com/markets/currencies/binance-zhao-sued-by-us-futures-regulator-20230328-p5cvqx

Man suspected of being crypto fugitive Do Kwon arrested in Montenegro

South Korean CEO of Terraform Labs is accused of multi-billion-dollar fraud involving TerraUSD and Luna currencies

www.theguardian.com/world/2023/mar/23/man-suspected-of-being-crypto-fugitive-do-kwon-arrested-in-montenegro

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

www.theguardian.com/technology/2023/mar/26/caught-in-the-ftx-storm-how-a-crypto-high-flyer-fell-to-earth

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining

www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining

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