🗿 Is It Time to Delete Coinbase??

Hear this cringey apology from the Coinbase Chief Legal Officer...

May 12, 2023

Today’s No FOMO newsletter is brought to you by…

GM. Never a dull day in crypto, they say. This week, another memecoin surged 5,000+%, Coinbase had a PR nightmare, and Google released a potentially industry-killing AI tool. Let’s dive in.

But first… here’s a picture of Elon Musk merged with Milady:

Today’s Specials:

NFT Power News 📰 : Coinbase Says it 'Screwed Up' over Pepe 🤡

NFT Power Rankings 🔥 :

Weekend Alpha – What to Watch 👀 : Milady memecoin surges 5,250% (FML we didn’t buy) 🙃

Today in Crypto History 📅 : May 12, 2017 - Bitcoin dips after ATH of $1,800 📉

AI Intel 🤖 : Google’s new A.I. search could severely hurt traffic

Conference Corner 🏢 :What to expect at Miami Bitcoin 2023 🌴

NFT Power News 📰

  • Defense Dept. Explores Crypto Use Cases With Blockchain Startup Constellation (Blockworks)

  • Ethereum Mainnet Was Unable to Fully Finalize Transactions for 25 Minutes (CoinDesk)

  • Congress Needs To Clarify Who Regulates Crypto In The U.S., Says SEC Commissioner (Investopedia)

  • How the IRS seized $10B worth of crypto using blockchain analytics (Cointelegraph)

  • IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves (Decrypt)

  • BlockFi gets court permission to return $297 million to Wallet customers (Reuters)

  • Your Crypto Mining Chips Are No Good for AI—Here’s Why (Decrypt)

  • Federal Reserve's FedNow will integrate with Metal Blockchain (Cointelegraph)

Delete Coinbase??

Coinbase totally pissed off the crypto world by relating the $PEPE coin movement to an alt-right hate group. Pepe lovers (and most of the internet) feel like it’s a total mischaracterization and overstatement.

How can you group a vibing-internet-movement with a fringe group of hater losers, ser? It’s FUD. Plain and simple.

Well, they must have felt the heat, because Chief Legal Officer Paul Grewal came out on Twitter quickly Thursday to apologize after#DELETECOINBASE dominated our feed for 24 hours.

Here’s what Coinbase had to say:

Weekend Alpha – What to Watch 👀

Being the dedicated responsible investors and researchers we definitely are and definitely won’t be going out this weekend and doing things we totally regret Monday morning, here’s what we’re looking at Saturday and Sunday:

Today in Crypto History 📅

May 12, 2017

Bitcoin slides after hitting all time high of $1,800

Only 6 short years ago. BTC vibes were high, and some paying attention were already wondering if it was too late to get in. Today, May 12th 2023, BTC is hovering around $27k. And we’re in a bear market?? We hope some of our readers got in back then. What could have been..

AI Intel 🤖

  • Google’s new A.I. search could hurt traffic to websites, publishers worry (CNBC)

  • How Europe is leading the world in building guardrails around AI (AP News)

  • Elon Musk Says Neuralink Is The Only Way To Survive And Compete With AI (Benzinga)

  • AI in Education: Students’ Views on Chatbots and Cheating (Neuroscience News)

  • Democracy isn't ready for its AI test (Axios)

  • AI may be on its way to your doctor’s office, but it’s not ready to see patients (LA Times)

  • Meta unveils A.I. ‘testing playground’ to help advertisers build campaigns (CNBC)

  • We’ve Heard the Future of Music. So Far, It Sounds Terrible (k, Rolling Stone, lol)

Conference Corner 🏢 – Miami BTC 2023 🌴

Mining for Memes ⛏️

Don’t piss of the $pepe people

Shameless Shill + Alpha

This is NOFOMO, the newsletter that keeps you up-to-date on all things AI, crypto, and NFTs.

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