Dogecoin DOGE/USD co-creator Jackson Palmer has taken yet another swipe at venture capitalists — in particular, Marc Andreessen, the co-founder of Andreessen Horowitz (a16z), for his comments about the advantages of Web 3.

What Happened: Palmer criticized Andreessen’s comments about Web3 benefits and said he’s “out here trying to get blocked by [Andreessen] again.”

Really I’m just out here trying to get blocked by @pmarca again.

— Jackson Palmer (@ummjackson) June 16, 2022

Andreessen visibly struggled to explain a Web3 use case to the economist, columnist and blogger Tyler Cowen in the interview.

Palmer said, “The benefit of web3 was that, for a hot minute, VCs had more [Ethereum ETH/USD] than they knew what to do with and you could make bank selling your content specifically to them.

See Also: Best USDC Interest Rates

Why It Matters: Palmer had earlier labeled cryptocurrencies as “parasitic”  and had taken a jibe at Tesla Inc TSLA CEO Elon Musk, calling him a “grifter.”

In an interview with the Australian newspaper The Age this month, Palmer said Andreessen, Mark Cuban, and others who are “heavily on the crypto train” had as much or even more influence than Musk.

“If you go and look at the people who were involved with Y Combinator or 500 Startups 10 years ago, I pretty much guarantee they’re all running a crypto venture fund right now,” said Palmer.

Andreessen and several other persons linked with a16z are invested in the NFT fund Curated, which launched with $30 million in funding in March.

Andreessen is the co-author of Mosaic, a web browser used in the earliest days of the internet, and the co-founder of the legacy browser Netscape.

He has been on the board of Facebook parent Meta Platforms Inc META since 2008 and is joining Musk’s bid to takeover Twitter Inc TWTR.

Read Next: Bill Gates Slams Crypto, NFTs: Shams Based On ‘Greater Fool Theory’

Photo via TechCrunch on Flickr

In a recent tweet, Cardano founder Charles Hoskinson took a swipe at Aragon co-founder Luis Cuende. The latter had chastised Hoskinson’s reply to Ethereum co-founder Vitalik Buterin’s recent tweet concerning his contradictions in values. The Cardano founder had earlier responded to Buterin, saying, “It’s not too late to come to Cardano.”

My response is Cardano. Catalyst, the Hard Fork Combinator, the tens of thousands of voters, dreps, and years of blockchain governance papers. Spend some time with them before tweeting. Maybe you’ll learn something

— Charles Hoskinson (@IOHK_Charles) May 17, 2022

In a viral Twitter thread, Buterin opened up about contradictions in his values. Despite his love for decentralization and democracy, the Ethereum cofounder confessed that he tends to agree with intellectual elites more than ordinary people on many policy matters.

In his response to the Aragon co-founder, Hoskinson highlights that so much could be learned from Cardano, saying, “My response is Cardano Catalyst, the Hard Fork Combinator, the tens of thousands of voters, dreps, and years of blockchain governance papers. Spend some time with them before tweeting. Maybe you’ll learn something.”

The Cardano founder then went ahead to share on his official Twitter handle, a new paper on blockchain governance.

New paper on Blockchain Governance: https://t.co/IyjnRHPfn2

— Charles Hoskinson (@IOHK_Charles) May 18, 2022

Hoskinson has recently touted the Cardano community’s dedication as the Cardano flag reached the summit of Mount Everest, writing, “We got marketing, It now has three million members and is growing.”

Cardano’s price action

Cardano fell to lows of $0.39 in the past week as the crypto market witnessed a sell-off. Cardano recovered, reaching a high of $0.613 on May 16 after three consecutive days in the green. Cardano is currently losing ground and was trading down 6.65% at $0.55 at the time of publication.

In our latest #Cardano360 mid-month update, Nigel Hemsley talks about the roadmap to Vasil Hardfork

TL;DR:
The closed public testnet phase at the end of May
Vasil live on #Cardano testnet in early June
Mainnet HF proposal submission on June 29thhttps://t.co/9Zen6MIjLq pic.twitter.com/wR2Odzb4aA

— Input Output (@InputOutputHK) May 17, 2022

Cardano and its smart contract platform, Plutus, are set to undergo significant enhancements in the Vasil Hard Fork slated for June 29. IOHK has shared a proposed road map ahead of the Vasil Hard Fork event. The closed public testnet phase is slated for the end of May.

Vasil itself is expected to go live on Cardano testnet in early June, while the mainnet hard fork proposal submission is expected on June 29.

According to Cardano Blockchain Insights, the Cardano network might soon witness a reduction in smart contract transaction size after developers use CIP 31-33 proposals that will go live on the Vasil Hard Fork.

Dogecoin’s DOGE/USD co-creator Billy Markus doesn’t have a very upbeat assessment of the Bitcoin 22 conference being held in Miami, Florida.  Markus asked on Twitter if “anything come out of bitcoin miami other than cringe and crashes.”

does anything come out of bitcoin miami other than cringe and crashes

— Shibetoshi Nakamoto (@BillyM2k) April 7, 2022

The Cringe: Last year’s conference featured several moments that could be deemed cringeworthy. Including an appearance of an excitable gatecrashing Dogecoin fan which gatecrashed a discussion on Square’s Lightning Development Kit.

At the event last year, Bitcoin evangelist Max Keiser was seen on stage with MicroStrategy Incorporated MSTR/USD CEO Michael Saylor shouting profanities at Tesla Inc TSLA CEO Elon Musk.

“FUCK ELON, WE’RE NOT SELLING!” — @maxkeiser @ #Bitcoin Miami 2021pic.twitter.com/14Y3q7TngO

— Bitoshi Nakatito (@titodurriz) June 5, 2021

Keiser’s outburst came after Musk had brought up the environmental concerns surrounding Bitcoin in May and suspended vehicle purchases via the apex coin.

The Crash: The Bitcoin 2021 conference began on June 4 last year and Bitcoin closed at $36,894.41 that day. By June 6, when the conference concluded the apex coin traded at $35,862.38. Just a day after that on June 7 it had dropped to 33,560.71. 

While between June 4 and June 6, the drop was 2.8%, by June 7, Bitcoin had fallen as much as 9.03%. 

This is not an isolated example: Bitcoin 2019 held between June 25 and June 26 also had a similar effect on the apex coin’s prices. It traded at $11,790.92 on June 25, but had fallen to $11,182.81 on June 27 after rising to $13,016.23 on June 26. The fall between June 26 and June 27 was a steep 14.1%.

Read Next: Did Gang Violence Force El Salvador President To Call Off Bitcoin Conference Appearance?

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Binance, the world’s leading crypto exchange by trading volume announced they would be acquiring remaining outstanding shares of the leading crypto Visa card issuer Swipe. Swipe allows customers to spend their cryptocurrencies at over 70 million locations around the globe, and its acquisition would help Binance compete with the likes of retail crypto players such as Paypal and Mastercard that offer similar crypto services.

Binance first acquired a majority stake in Swipe in July 2020 in hopes of bridging the gap between Fiat and the crypto market. In its official announcement on December 30, Binance said:

“Binance is to acquire the remaining outstanding shares of Swipe, the industry’s leading cryptocurrency Visa card issuing platform. Binance and Swipe work with regulated and licensed entities to issue Visa cards, with Swipe acting as Binance’s card program manager and technology platform. Swipe also works with strategic partners to issue cards in permitted regions and markets.”

Binance accelerates new ventures

2021 has proven to be a mixed year for Binance given the string of regulatory warnings and actions throughout this year. However, that hasn’t deterred the biggest crypto exchange from expanding its footprints via new acquisitions and regulatory clearance from various other nations. Most recently, the exchange has got an in-principle license to become a crypto asset service provider in Bahrain. It also managed to get an MSB license in Canada allowing it offers various crypto services.

Earlier this month, the exchange announced its new partnership with Indonesia’s largest telecom firm to open a crypto hub in the nation. The crypto exchange also signed an agreement with the Dubai World Trade Center to help them develop the region as a leading crypto hub.  The American independent venture is called Binance.US is also set to close one of the biggest crypto funding round as confirmed by the CEO Changpeng Zhao that could see the platform raise a couple of hundred million.