Surprising Developments in Cryptocurrency: Project Abandonment, Debate Disappointment, and Trump's DeFi Announcement
- Friend.tech, a decentralized social network, announced the cessation of its development.
- Crypto enthusiasts failed to get a crypto-related question featured in a live presidential debate.
- Trump's family's DeFi project, World Liberty Financial, will launch via a Twitter Spaces event.
- The project aims to embrace crypto and leave behind traditional banks.
- Some supporters of Trump's embrace of crypto expressed qualms.
Summary :
Last week in the world of cryptocurrency, there were several surprising developments that caught the attention of crypto enthusiasts. Friend.tech, a decentralized social network with financial incentives, announced that development of the project had effectively ceased. This caused backlash, as the project had raised tens of millions of dollars and abandoning projects is frowned upon in the crypto community. Although the team clarified that the project wasn't shutting down, many users were still unhappy with the situation. On the national political stage, crypto enthusiasts hoped for a crypto-related question to be featured in a televised debate between former president Donald Trump and Vice President Kamala Harris. However, their demands went unheeded and neither crypto nor Bitcoin was mentioned during the debate. This surprised many crypto enthusiasts who had bet nearly a million dollars on whether digital assets would be discussed. But their disappointment didn't last long, as Trump announced the launch of his family's rumored DeFi project, World Liberty Financial, via a Twitter Spaces event. Trump framed the project as embracing the future with crypto and leaving behind traditional banks. This framing was seen as unexpected, even by some who had previously advised the project. However, as is common on Crypto Twitter, there were still some concerns and qualms among those supportive of Trump's embrace of crypto.
Sources :
- Decrypt
