TBW Free #6: Is now the right time to invest?
Read all about it in The Big Whale's 6th free newsletter.
18 May 2022
Welcome to the free edition of The Big Whale. 👋
With this version, you have the essentials to learn how to swim in the ocean of Web3. If you ever want to go further, subscribe to the Thursday morning Premium edition.
In particular, it will give you access to all our exclusive content on the Argentinian ecosystem that we set out to explore for a fortnight. Here's a sneak preview of this first day of reporting with... the head of digital for the city of Buenos Aires.
THE BIG NEWS
This week's highlights 🧠
👉 The father of the Diem project gets into bitcoin
We left David Marcus in December just after his departure from Meta (ex-Facebook). At the time, the father of the social network's digital currency project was discreet about his future. All we knew was that he wanted to do something different. "I'm going to embark on new adventures", he simply wrote on Twitter, sparking fantasies about the future of Diem, which was abandoned a few weeks later. For several months, the Franco-Swiss-American (formerly head of PayPal) said little or nothing on the networks, apart from extolling the praises of Bitcoin, building up the suspense a little more until the last few days. On 12 May, David Marcus announced the creation of his start-up Lightspark. Backed by major US funds such as Andreessen Horowitz, its aim is to explore the potential of... Bitcoin and the Lightning Network, its secondary network that can execute thousands of transactions per second at very little cost. Exactly what the Diem project was originally intended to do.
👉 Portugal will soon no longer be a paradise for cryptos