Daily Crypto NewsEDITION #377, 23 December 2021

Is Armstrong a thief?

Hey Moni Maker 🎭

Today, in 1986, Academician A.D. Sakharov returned to Moscow from a seven-year exile in Gorky. Before - exile, now - a ban on a social network. The desire of those in power to shut the mouths of undesirable characters is inherent in human nature. That's why we're pushing for Web 3.0 - the more decentralized Internet will be, the freer it will be. 

And until Web 3.0 arrives, let's read Digest. It's your breath of freedom in this information gulag. There's a lot of exciting stuff. Let's go! 

Brian Armstrong, the CEO of publicly traded crypto exchange Coinbase, allegedly stole the work of a blockchain accelerator under the guise of potentially making an investment in one of its projects.

Blockchain accelerator MouseBelt Labs filed a complaint in California’s supreme court Friday alleging that in June 2019 Armstrong offered to invest in Knowledgr – a platform used to distribute scientific papers with tokens offered as an incentive – so he could use confidential information for ResearchHub, a similar platform he was working on, and eliminate Knowledgr as a competitor.

According to the complaint, Armstrong offered financial backing to Knowledgr – in which MouseBelt was already investing – and the opportunity to list the tokens on Coinbase. The accelerator is alleging that Armstrong, Coinbase and related entities committed fraud, interfered with a contract and were unjustly enriched among other charges.

So what? 

This is not the first time Mr Armstrong has fallen under the FUD machine. Baldy is used to this kind of attack, but... what if this one turns out to be true? Or is it all a conspiracy against Coinbase? What do you think? 

The market for stablecoins experienced breakneck growth in 2021, with the supply for dollar-backed cryptocurrencies surging by 388%, according to data compiled by The Block Research. 

As indicated by The Block Research's 2022 Digital Asset Outlook report, the aggregate supply of stablecoins has increased from $29 billion at the start of 2021 to more than $140 billion. That growth benefited a swathe of stablecoins, including tether (USDT) and USD coin (USDC), which is managed by a consortium that includes Circle and Coinbase. 

Press: BSC is no longer second. Avalanche has overtaken Solana. How you can use your stablecoins? Digest threw in! 

Let's read it!

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