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Happy Friday, Blockfolians

The Lede

FUD season continues.

The Wall Street Journal is writing about how good crypto is for criminals. They site a study from two years ago saying that 46% of transactions from 2009-2017 were for illegal purposes. Cutely, they fail to mention that on-chain analysis suggests that the percentage was actually 0.34% in 2020.

Then there’s China. The last few weeks have seen shutdowns of coal-powered mining in a number of provinces, but no one was sure of the fate of hydro powered mining. Well, Sichuan is now shutting down 26 hydro plants so seems like a true total mining end in China.

There is good and bad to this of course, and more complication than most news would suggest.

Remember….

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Community Commentary

A different take on some institutional news
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A Really Big Number We Should Be Paying Attention To

$913,808

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Final Thought

Listen to the man