First off, we were absent last week and sorry for that. It's the tax season and we were helping our warriors put out the fire via Descrypt 😎
But, the good part is we have double the tea for edition #5 of “Decoded of Descrypt” So, welcome and let’s dive into what was hot in the market. Today, we will talk about
Taxes can be a nightmare, but if not done can literally help you land in the nightmare 💀 July 31st is nearing and we’ll be your crypto tax bestie🤝
On Descrypt, you can:
We have good news, the long-awaited FTX refund process is underway→ Here’s what FTX has for you currently:
While we wait to see what happens next, this would have some potential positive impacts like restored market trust, confidence, growth & better regulation.
BUT BUT, When there’s FTX there’s a but- The claim website went offline/ unavailable after 3 hours of launch…
To set some context, Arkham Intelligence is an intelligence platform which tracks on-chain data to give you alpha.
They recently introduced “Intel Bounties”, Now that’s where the angry crypto Twitter is pissed. Let us explain more:
Intel Bounties will let you set up bounties promoting doxing of crypto wallets’ real-world identities.
This encourages users to link the crypto wallet addresses with the real-world identity of people, while some believe this is violating the fundamentals of web3, others like the CEO said that “Publicly available blockchains are probably the worst possible way of keeping one's private information private.”
On this, heated and more intense concerns were raised that Arkham also tracks its own user’s data including their wallet addresses, device ids, locations, emails etc and binds it together to form on-chain and real-life identities & more including it being backed by Palantir and OpenAI founders
BRO??????? Where was the 🚩 while they announced their beta launch