Peter Schiff vs. His Own Son, CZ, And The Whole Internet

One of the most successful trolls on the interwebz, Peter Schiff, took to Twitter to start a battle. It was Peter Schiff vs. his own son, CZ, Willy Woo, and basically the whole crypto Twitter crowd at once. 🥊

Then, Peter Schiff’s son Tweets back and wishes his dad a happy 60th and predicts that his dad will own a good chunk of $BTC by his 70th birthday.

Dad Schiff thinks BTC will be worth so little that selling once ounce of silver will net him thousands of Bitcoin (or, wait, maybe silver will be worth more?).

Even Binance’s CZ jumped in.

Interestingly, cryptocurrency advocates and Peter Schiff agree on 95% of the problems with stonks, banks, and fiat – except for Bitcoin. 🤷‍♂️

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Crypto 101: Layer-2

What on Earth is Layer-2? 🌍

If blockchain is a superhero, then Layer-2 is like its sidekick(s). It performs much of the ‘heavy’ lifting off-chain (off the main blockchain), making things run smoother, faster, and cheaper.

Superman can’t stop Doomsday and bad guys in the world at the same time – the Justice League takes on all the ‘other’ stuff going on. 

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Ripple Gets A Big Win With Hinman

Ripple has achieved a small victory in its legal battle against the SEC as the agency’s attempt to seal the “Hinman Speech documents” was denied. 🎉

These internal files contain drafts and emails about a speech given by William Hinman, former Director of the SEC’s Division of Corporation Finance, over four years ago, saying $ETH is not a security. The documents are sought after by Ripple’s legal team to understand how the SEC arrived at its conclusion that Ethereum was not a security at the time, which could impact the classification of Ripple’s $XRP cryptocurrency.

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Bitcoin Bandits: When ‘Staycation’ Takes A Whole New Meaning

Former Terraform Labs CEO Do Kwon and his ex-CFO Han Chong-joon made bail today. 😡

Despite their fugitive status, the Montenegrin court has provisionally set them free on bail, amounting to roughly $436,000. However, the court’s ruling comes with the condition that the pair, who claimed substantial South Korean real estate holdings to back their bail payment, stay in a specified local apartment.

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