Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Former Cisco employee launches DAO to buy Denver Broncos
A freshly launched decentralized autonomous organization dubbed BuyTheBroncosDAO is aiming to raise enough capital to purchase the NFL’s Denver Broncos for roughly $4 billion.
The project is offering fans of various levels of wealth the chance to own a slice of the Broncos, as there is no minimum requirement on how much they need to contribute to participate to the DAO.
“The purpose, essentially, is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos,” one of the DAO’s organizers and former Cisco employee Sean O’Brien told CNBC earlier this week.
Dogecoin founder speaks out against ‘meme coins’
Dogecoin co-founder Billy Markus blasted memecoin shillers this week, slamming projects that are not about memes or the community but are instead “made by people trying to get rich off of other people trying to get rich.”
“Satire has some mildly clever elements to it. jokes are funny. spam advertising, lying about who is involved in a project, making up ridiculous promises, desperately trying to get Elon’s attention to promote you, etc. are not clever or amusing,” he said on Twitter.
Markus highlighted Binance Smart Chain tokens, in particular, arguing that they have “made the internet worse in every way,” as he pointed to the mass amount of spammers who flood social media platforms with their dubious crypto advertisements.
Bitcoin plunges as Putin announces ‘special military operation’ in Ukraine
The crypto market tanked on Thursday following reports that the Russian government had invaded Ukraine, with assets such as Bitcoin, Ether and XRP dropping 7.3%, 9.5% and 9.2% respectively.