When people ask me what I miss about Portugal, I say: the food and the infrastructure. When people are surprised by the infrastructure portion of the answer I send them a speed test from my home internet:
Thrilled to join Katie and the exceptional team at
@HaunVentures
as I take a new role as Executive Chairman of
@Anchorage
and continue to help
@nathanmccauley
and the team as we enter the next exciting chapter!
Diogo Mónica
I’m ecstatic to announce that Diogo Mónica, one of the most exceptional founders I know, is joining us as a General Partner. In addition to co-founding and building Anchorage Digital into the success story it is today, Diogo possesses a wealth of technical…
@afonsolfm
Failure is a necessary part of success. Building things that help move society forward is one of the best uses of our brief time on this earth. Take a break; start over.
Incredibly excited to launch Porto, an institutional self-custody wallet built with the security and technology Anchorage Digital is best known for. Porto allows institutions to fully engage with web3, safely.
Bonus points if you can figure out our product naming algorithm! 😂…
🚨BREAKING: The European Parliament has just APPROVED the AI Act. What everyone should know:
➵ The AI Act follows a risk-based approach. Some AI systems are banned, such as those involving:
- Cognitive behavioral manipulation of people or specific vulnerable groups;
- Social…
An amazing step forward in pushing 🇵🇹 forward. Stock options now are only taxed at a qualifying event (IPO, sale) and not at time of exercise. Effective tax rate reduces from 28% to 14%. 👏
@Anchorage
Digital is proud to appoint Aaron Schnarch as our first company-wide COO.
We are excited to expand our team and accelerate our mission of providing institutions with safe and secure access to crypto.
Read the announcement ⬇️:
Congratulations to
@HHorsley
& the
@BitwiseInvest
team for ringing the NYSE bell today. As a longtime partner, we are proud to see this major moment for Bitwise — and for institutional adoption as a whole.🔔🎊
We are potentially seeing a thawing of so-called ‘crypto winters.’ While the digital asset market will always have bulls and bears, institutional adoption is pushing us closer to spring.
The long-term outlook for Bitcoin is promising—and institutions are just getting started.
Years from now, 3 days will mark the Bitcoin calendar:
-Oct. 31st (Bitcoin white paper was published)
-Jan. 3rd (first coin was minted)
-And the day the SEC approves a spot Bitcoin ETF.
The excitement around this is almost palpable—a spot ETF would mark Bitcoin’s golden era.
"About 140 detectives searched the residence of the prime minister and several government ministries as part of the inquiry." -- My biggest question is: where did he live that could fit 140 detectives? 🤔
If act one is a spot Bitcoin ETF, then act two is a spot Ethereum ETF.
Ethereum adds an extra layer of intrigue as a PoS asset—underlying ETH could also be staked for additional rewards. If approved, a spot Ethereum ETF would drive demand for safe, secure, and regulated staking.
.
@UBS
's bid for
@CreditSuisse
falls short. I would like to propose my own offer of $1.5 billion to acquire Credit Suisse and integrate it into the Web3.0 world. Switzerland has been one of the most crypto-friendly countries in the world.
I've said it before, but it's been coming up in conversations a lot recently and feels worth reiterating: the next phase of crypto adoption rests on a clear segregation between custody and exchange functions.
I live in Portugal and yet I’m about to purchase a mountain bike from an Italian store.
In fact, I import most luxury items from Germany and other EU countries.
Why?
Because 90%+ of Portuguese online stores barely work.
Poor UX hurts entire economies.
Square was the first company I worked at in Sillicon valley and it was instrumental in my path towards Anchorage Digital many years later. Fun to be part of this great group of people.
President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine
Congrats to
@Lux_Capital
on their new fund!
@Anchorage
is a portfolio co and they’ve been a fantastic team to work with! Amazing humans and unwavering support.
eIDAS 2.0 is a EU browser backdoor being approved behind closed doors in Brussels. If this gets approved, EU citizens will have to start compiling their browsers from source (with a couple of lines commented out).
That makes it two complex Ethereum updates that were deployed without a hitch. This time around it was Decun, a portmanteau of "Deneb” and “Cancun", that will bring rollup fees down by orders of magnitude and enable Ethereum to remain competitive without sacrificing…
Ten million. That's the amount that most people think is necessary to lead a comfortable life—except if you're American, that is.
Researchers asked 8,000 people the same questions in 33 countries around the world across 6 continents.
After today's ruling on Grayscale's spot Bitcoin ETF filing, the ball is now back in the SEC's court.
Feels worth restating: institutional demand for a spot Bitcoin ETF is stronger than ever before, and for many it's a matter of when—not if—the SEC will approve one.
This episode underscores the need for a sensible regulatory regime that, among other things, ensures a centralized exchange segregates and safeguards customer assets.
Implementing key market structure protections from traditional finance -- like we are doing with EDX Markets through a distinct separation of exchange and custody functions -- is critical for continued institutional crypto adoption. "
Fed ChatGPT my PhD Thesis and have been asking it questions. The results have been fascinating.
For example, I asked if my thesis covers hashcash. ChatGPT got it wrong in the sense that hashcash is definitely a paper that I reference (it should have seen it), but holy shit, it…
A year ago, the Ethereum network successfully completed
#TheMerge
, and in the year since has since continued to prove the ecosystem can mature safely & sustainably.
Proud to play a part in it through offering federally regulated ETH staking
@Anchorage
Digital.
Thoroughly enjoyed joining Lloyd Wahed on Searching for Mana podcast
We talked through my upbringing in Portugal, inspiration (or rather pressure) from my father to get a PhD, and the journey to co-founding Anchorage with
@NathanMcCauley
Had a great time speaking at
@token2049
about safeguarding digital assets.
Is always particularly interesting to have these conversations on the ground in Singapore, which has worked to actively establish itself as a leading crypto hub.
Amazing to see so many Portuguese entrepreneurs in one place. Celebrating entrepreneurship is critical to build a culture of risk taking in Portugal. Thank you to
@EY_Portugal
for putting together such a fun event.
No EY Entrepreneur Of The Year foram distinguidos os melhores e mais relevantes exemplos de empreendedorismo. Sérgio Silva, CEO do Vigent Group, foi o grande vencedor da 9.ª edição.
#EYEntrepreneuroftheYear
🔸JUST IN:
#Bitcoin
ETFs are 58% of the way to flipping Gold ETFs for total assets.
$58.7b for $BTC
$98b for Gold
That's just after just 8 weeks...
At this rate, Bitcoin will flip Gold ETFs in a few month!😳
Hard to be convinced that a company that sells your data on the free tier is somehow going to be a great steward of your personal data because you pay them $10 a month going forward. It's the same database.
Super useful: feed ChatGPT PDFs (articles or whole books), and quickly find passages; other books referenced; snippets; etc, all with partial context.
Easiest way to do it is with
Cheapest way to do it is with
I am so excited to be joining
@Anchorage
Digital as its new General Counsel. I can’t wait to lead a top-notch legal and policy team and to help guide the company through this next chapter of innovation and growth. ⬇️🧵
Next month
@EY_Portugal
will select its final winner for Entrepreneur of the Year. It’s an honor to be among the leaders in the running.
Details via
@expresso
Loved catching up with
@ThinkingCrypto1
about what
@Anchorage
Digital has been up to for the last 2 years, the current regulatory environment, and the state of play in the institutional crypto space right now.
Charles Schwab, Fidelity & Citadel Securities launched a crypto exchange called EDX Markets earlier this year. Anchorage Digital provides custody for their crypto assets!
Diogo Monica, cofounder and president of Anchorage joins me to break it all down!
@diogomonica
@Anchorage
…
When asking people for advice, also ask yourself these three questions:
1. How many successes has the person had in this particular field?
2. Do they have a credible explanation for their hypothesis when probed?
3. Can they explain situations when the advice doesn’t apply?
Really interesting claim that Wikipedia might be the biggest source of misinformation in the world.
Every source of information is by definition a source of misinformation, since all of our knowledge is incomplete, but still, bold claim.
Demand for Ethereum increases after every successful upgrade. That is part of the reason why we haven't seen massive drops post Shapella, this brings us closer to sharding and the solution to Ethereum's biggest problem: low TPS.
An SEC-regulated Bitcoin ETF would unlock the next generation of crypto adoption, allowing trillions in institutional capital to come off the sidelines and providing a more regulated and accessible pathway to safely participate in the digital asset ecosystem. (1/2)
I
#StandWithCrypto
. More than 300,000 people are already advocating for better crypto policy in America. Join the fight to receive email updates on crypto policy, invites to local events, and more.
At the risk of offending my (many) Portuguese 🇵🇹 friends:
What made so many foreigners (including myself) relocate to or invest in this beautiful country over the last decade was primarily four things:
1. The NHR low-tax regime
2. The Golden Visa
3. Tax-free crypto
4.…
Lockdown Mode thwarted a real-world zero-click attack. The price to pay is: annoying pop-up’s on every new app; no SMS 2FA autocomplete; broken button links everywhere; and worst of all: can’t open PDFs or docs easily.
#worthit
It’s 2024 and my phone number is useless. It’s gotten so bad that I’ve actually disabled the phone functionality and all calls go to voicemail. Of course that does nothing for the SMS spam. 🤦♂️
Going to instate a yearly phone number rotation.
You realize you’ve read too many books about money when you can guess both the structure and anecdotes of at least the first 3 chapters when reading n+1.
If this was a movie, this article would have been used as one of the stepping stones of the flashback explaining how we got to the present day. Immediately followed by "first boston dynamics robot jailbroken" and "robot causes mass murder in the US".
Funny enough, I spent most of the time reflecting on the disinformation potential of AI dubs, since I only heard the AI generated translation and didn't listen to the original speech to verify.
Was great to join
@JennSanasie
and
@lvlewitinn
on CoinDesk TV today to talk about the increased interest in ETH staking
@Anchorage
Digital is seeing from institutions and some of my thoughts on why it's happening now.
"The Night Sprinter network would be a European grid of night trains that would consist of 40 international long-distance lines. By 2030, it would connect more than 200 cities from
#Lisbon
to
#Helsinki
."
Part of the "flight-free movement" growing across Europe.
For future historians: This is an artistic rendition of panem et circenses—entertainment to keep the masses from looking at the underlying issues of society.