DeFi isn’t doing well, the US government sometimes is, and Tesla’s boss reports new, not entirely serious, rumors about Bitcoin inventor Satoshi Nakamoto on Twitter. Welcome to the ECHO Opinion.
“It’s amazing how far the industry has come in less than 15 years”
US plans to expand its technological leadership in bitcoin and cryptocurrencies have made waves over the past week. Joe Biden had signed a decree in this regard, according to which the US not only wants to promote crypto innovation, but also reduce the risks for consumers, companies, the financial system and the climate. Subsequently, the price of Bitcoin increased by almost 10 percent in the meantime and dragged the Altcoins with it. Anthony Pompliano called out this incredible progress on Twitter.
“DeFi is just a scheme tied to Tether”
Twitter user BitFinex’ed is best known for his fight against Tether and BitFinex, which has dragged on for almost five years. His research helped establish that Tether is not 100% backed by the US dollar. Last year, the New York Public Prosecutor’s Office issued a guilty verdict to this effect. Meanwhile, as it told BTC-ECHO, BitFinex’ed assumes that many Tether units are not funded at all.
BitFinex’ed does not leave a good hair in the DeFi area either. He recently tweeted that DeFi is a “Tether-linked intrigue.”
However, the Tether reviewer does not provide more detailed explanations in this tweet.
BitFinex’ed is not alone in criticizing the DeFi space, though not as harshly. In February, Vitalik Buterin criticized security breaches in the DeFi space. A short time later, the Token Bridge Wormhole was hacked and $320 million was lost.
Elon Musk reveals that Satoshi Nakamoto… no
So while BitFinex’ed is criticizing DeFi and the US is heading to new crypto shores, Elon Musk is doing what he loves to do. He is trolling.
In a tweet, he alludes to the endless debate surrounding the true identity of Bitcoin inventor Satoshi Nakamoto. He comes up with a theory to which nothing more needs to be added:
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