My one-sentence summary of the AI right now is that it does amazing stuff but it has a high error rate.

This is why it both impresses and frustrates: the times it does really well go viral on twitter, the times it makes a mistake frustrate people using it as a work aid.
— vitalik.eth (@VitalikButerin) December 7, 2022

A particular tragedy that is totally not the @OpenAI @StableDiffusion and co builders' fault, is that people's expectations (including my own) get set by the dazzling stuff that goes viral, and its average case performance inevitably can't match that.
— vitalik.eth (@VitalikButerin) December 7, 2022

US begins investigations on whether SBF caused Terra collapse

BREAKING‼️ FTX founder under investigation for market manipulation that led to collapse of TerraUSD (UST) and Luna — to the benefit FTX and Alameda Research.

🤔
— Bitcoin Archive (@BTC_Archive) December 8, 2022

Is Bitcoin’s bottom in?

Darkest Blue pic.twitter.com/pYCG5YE9qC
— PlanB (@100trillionUSD) December 8, 2022

Tornado spin-offs still exist

According to Elliptic, after Tornado Cash was sanctioned by the US OFAC, there are still six similar potential competitors on Ethereum: RAILGUN, Buccaneer V3, White Ethereum, 0xTIP, Messier 87 Black Hole, and Cyclone Protocol. https://t.co/hS0tImpBsR
— Wu Blockchain (@WuBlockchain) December 8, 2022

The current total mixed volume of these six products is only about 41.5 million US dollars, which is about 0.6% of Tornado Cash, of which only 40,000 US dollars involves hacker funds. Most of these protocols are based on forks of Tornado.
— Wu Blockchain (@WuBlockchain) December 8, 2022

Mazars confirms Binance’s proof of reserve

BREAKING: Binance #Bitcoin reserves are fully collateralized, following proof-of-reserves and proof-of-liabilities verification by audit firm Mazars – The Block 🤔
— Bitcoin Archive (@BTC_Archive) December 7, 2022

The largest Canadian pension fund abandons crypto investment and research plan

pic.twitter.com/zoGLNzmLSR
— db (@tier10k) December 7, 2022

Crypto-friendly Signature Bank shrinks its crypto deposits by $8 billion

Crypto-friendly Company Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion. Circle added Signature as its leading financial institution for USDC reserve deposits in April of last year. CoinDeskhttps://t.co/nw8jEKZXvj
— Wu Blockchain (@WuBlockchain) December 8, 2022

10,000 WBTC destroyed in a day

On December 6, 10,000 WBTC (worth about 170 million U.S. dollars) were destroyed in a single day, a record high. A large amount of WBTC on the website is redeemed for BTC. Currently WBTC/BTC is around 0.9984. https://t.co/r4ZlJ7ZVEZ
— Wu Blockchain (@WuBlockchain) December 8, 2022

Sushi: DeFi needs no CEO

Can any #DeFI protocol speak of decentralization if it has a CEO? It's against the ethos of crypto in my eyes. #Sushi as an example. Their CEO is doing quite a fine job trying to justify his salary next year (see next tweet).

Governance & crypto don't really mix well. pic.twitter.com/UhfjyJZZNO
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) December 8, 2022

Yep. https://t.co/q7UKo4zDv1
— Duo Nine ⚡ discord.gg/ycc (@DU09BTC) December 8, 2022

Spain launches experimental project on CBDC

JUST IN: 🇪🇸 Bank of Spain announces plans to launch an experimental CBDC program.
— Watcher.Guru (@WatcherGuru) December 7, 2022

Over the last 365 days, a total of $213B in Realized Loss has been locked in by Bitcoin investors

Over the last 365-days, a total of $213B in Realized Loss has been locked in by #Bitcoin investors.

This compares to yearly Profits of $455B realized in the 2020-21 bull.

This reflects a relative capital loss of ~47% of the bull market gains, similar in scale to the 2018 cycle. pic.twitter.com/y5jaSWEZ83
— glassnode (@glassnode) December 8, 2022

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.