Hack Worries, Roller Coaster and 20 Crypto Jokes

The Cryptoworld was hit this week with major news that Upbit lost ETH 342,000 (USD 53 million). The week started badly with BTC tumbling below USD 6.7K, but it rallied 10% some 7 hours later, with altcoins moving upwards too, then it dropped below USD 7K again and rallied another 10% two days later. Meanwhile, Monero was delisted from BitBay, while if the second part of MoneyGram shares were bought with XRP, Ripple would’ve payed 50% more than for the first part. And while fun games are needed for crypto adoption by public, multi-cloud compatibility is needed for blockchain adoption by companies. Also, privacy coins are not dying.

As two South Korea’s internet tech giants are strengthening their ties with the traditional financial sector for a blockchain/token/fintech drive, and the country thinking about jailing crypto exchange AML offenders, the unnamed CEO of a “top-three” crypto trading platform is facing assault and extortion charges. In the meantime, first five victims of China’s latest crackdown on crypto trading fell, but Goldman Sachs Alumnus believes China will eventually legalize crypto exchanges. Speaking of exchanges, Bitfinex was hit with second class action lawsuit and threatened retaliatory legal action, while Indonesia gets its (reportedly) first regulated local crypto exchange, called Tokocrypto. Meanwhile, XRP-friendly Japanese financial giant SBI Holdings invested in major U.S. based security token platform Securitize; Ghana’s central bank is considering issuing digital currency, Kenya gets blockchain-backed local currencies, and Vitalik Buterin tells us what progress crypto has seen in the last five years.

And now, the crypto jokes. Enjoy!

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For start, identify yourself.

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Mirror, mirror on the wall… shut up!

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It’s the last time again, people!

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Try unbanking a river now.

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You see, like this fellow here…

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How to describe CT in simple terms.

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Make the fun out of the complicated.

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Easily recognisable.

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And this is why.

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Looks promising.

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Hey! No.

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Shitcoin down!

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An advice on anger management and dealing with grief, loss and/or frustration in the Cryptoworld.

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On decentralization.

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There are participants, and then there are observers.

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Extremely helpful.

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Speaking of whales…

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You after a couple of months of owning crypto.

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Also you, shortly after entering the Cryptoworld.

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Everyone else.