Shark Tank’s O’Leary Attacked By Bitboy

Remember this passionate and slightly unhinged rant by Brian “Bitboy Armstrong?

Well, he’s at it again, and this time it’s against one of the Sharks – and the saltiest of all the Sharks on Shark Tank: Kevin “Mr. Wonderful” O’Leary.

This is crypto entertainment at its finest.

Round 1

Bitboy claims to have heard rumors that O’Leary is coerced into saying positive things about SBF. 

Mr. Wonderful counters and says it’s B.S.

This @SBF_FTX situation has the excrement produces working over time. This is total #BS https://t.co/d7dGqq1HIo

— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) November 20, 2022

Round 2

Bitboy is pissed off. He says his gloves are coming off, and O’Leary just bought a one-way ticket to eradication in this (crypto) space. 

O’Leary, not phased, takes it up a notch with #bozo.

Bring it on #bozo I eat guys like you for lunch unless there are too many calories. I’m trying to keep my #adonis figure in shape! https://t.co/pP5o4dPPij

— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) November 20, 2022

Round 3

Bitboy says O’Leary’s breakfast is supporting predators and killing people. Calls O’Leary a boomer for hashtagging bozo. 

Bitboy retweets a video of O’Leary talking about FTX. 

O’Leary uses #CryptoBozo and says he is worried about Bitboy’ss thumbs falling off for tweeting every 30 seconds. He also says Bitboy makes shit up. 

Hey #CryptoBozo I’m worried about you. I’m thinking your thumbs are going to fall off. You tweet every thirty seconds. Only thing thing missing are facts. You just make $hit up! https://t.co/HNwawJTz3W

— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) November 23, 2022

We’ll keep you updated as this drama unfolds. 🍿

One of the largest wallets used by cryptocurrency traders and investors, MetaMask, announced a new change that has put many of the crypto community on edge. 

MetaMasks’ developer, ConsensSys, announced an update to its privacy policy informing users that MetaMask now collects IP addresses if the users connect their wallet through Infura – also owned by ConsensSys.

What is Infura? In a nutshell, Infura is “…  the service provider that MetaMask uses to get information on and off of blockchains.” You can find a more detailed explanation on MetaMask’s support site. 

To say that crypto users are a little upset is an understatement. Cryptocurrency enthusiasts are, naturally, sensitive to their personal information remaining protected. So MetaMask’s founder took to Twitter to address those concerns. 

I think we can get this fixed soon. We are not using IP addresses even if they are being temporarily stored, which they don't need to be, as we're not using them for anything.

— Dan Finlay 🦊💙 (@danfinlay) November 24, 2022

We’ll update you if MetaMask and/or CoinsensSys updates this policy. 👮‍♂️

Crypto exchange OKX announced a new proof-of-reserve program that will allow customers to verify their crypto holdings are safu on their platform.

🚨 Don’t trust, verify → OKX Proof of Reserves (PoR) is LIVE. 🚨

To set a new standard of transparency, risk management and user protection, we’re launching our first PoR.

You can now verify your assets are backed 1:1 on #OKX ⤵️

Details 🧵👇

— OKX (@okx) November 23, 2022

One of India’s most valuable exchanges, CoinDCX, also published proof-of-reserves. CoinDCX plans to post monthly updates related to its liabilities. A complete list of on-chain and off-chain wallets is now accessible as well. 

Another Indian exchange, CoinSwitch, shared information also shared their proof-of-reserves. Interestingly, Shiba Inu ($SHIB) is their third-largest holding. 

Coinbase ($COIN) CEO Brian Armstrong revealed the amount of Bitcoin held by Coinbase. In a Tweet, Armstrong reiterated that, as a public company, its financials are public.

If you see FUD out there – remember, our financials are public (we're a public company) https://t.co/ayzN0zaqgT

— Brian Armstrong (@brian_armstrong) November 22, 2022

We’ll update you as more exchanges conform to this new demand made by exchanges and investors alike. 🎉

The table below is the current (November 25, 2022) staking yield rates of the top ten cryptocurrencies by their market cap. Not all cryptocurrencies have a staking mechanism on their networks, so, for example, you don’t see Bitcoin ($BTC.X) listed. 

Staked % is what percent of the total supply of that cryptocurrency is currently used to earn staking rewards. Sometimes called ‘Locked Up.’

The Lock-Up Period is how long crypto must stay staked before you can withdraw it and/or any rewards earned. 

Nominal Yields are the rewards listed, whereas Real Yield is the expected return when factoring in other costs, factors, or changes like inflation rates (not listed). 

It should also be noted that calculations and factors for Real Yields can vary substantially from one week to the next. Additionally, the Nominal Yield may have an expected range but is not guaranteed. For example, Polkadot’s ($DOT.X) Nominal Yield is advertised/listed between 8% to 14%. 

Another factor to consider is that the rewards are not in US Dollars but in token/crypto your stake. Staking Cardano ($ADA.X) rewards you in ADA and so forth. 

This table is updated weekly. 

Source: staked.us/yields

Nothing major stands out regarding big changes during the Thanksgiving holiday week. 

Flow ($FLOW.X) had the biggest changes overall, with a 3.3% drop in its staked amount and a +0.6 point bump in its nominal and real yields.

All The Big News – December 2, 2022

Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan From The Daily Hodl

U.S. Trustee asks bankruptcy court to appoint FTX trustee From The Block

FTX Japan drafts plan to return client funds From Cointelegraph

Sam Bankman-Fried’s still sorry, but now he says his memory isn’t great From The Block

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