Happy 2023, everyone. I'm en route back to Colorado from Southern California, which I've discovered is home to the world's biggest weather wimps—a few days of rain and everyone is whining about the cold. Poor things! In any event, I spent the last day of vacation catching up on crypto reading, and thought I'd use the first newsletter of the new year to share with you a few of the best things I read.
On the news front, the Winklevoss twins spent the holidays beefing with Digital Currency Group founder Barry Silbert. The ever-cheerful Winklevii sent a letter to Silbert on Christmas Day berating him over a decision by Genesis—a subsidiary of DCG—to suspend interest payments as the crypto lender struggles to stave off insolvency. Bloomberg has a great account of the dust-up, including this big-picture observation: "The dispute is the latest example of how the recent crises in crypto are fraying the ties that have long existed among the top tier of the crypto industry, transforming a 'we’re all going to make it' vibe into one centered on every firm for itself."
