Crypto

Mark Cuban distances himself from crypto firms amid wave of sellout

Billionaire investor Mark Cuban appears to be taking steps to distance himself from crypto companies. Meanwhile, a tweet storm is brewing elsewhere in the crypto community.

On November 21, it was observed that Mark Cuban had started unfollowing many prominent crypto Twitter accounts.

Some of the accounts the Dallas Mavericks owner doesn’t want to hear about anymore include Nansen, Uniswap, SolanaThe block, Challenge Pulse, Dapper Labs and Metamask.

Most of his more recent tweets have revolved around support for Elon Musk’s takeover of Twitter and subsequent actions. There were also pharma-related tweets, but no mention of anything crypto-related for at least a week.

Booming Mark Cuban Crypto Wallet

Additionally, the billionaire has spent the past two years building a burgeoning portfolio of crypto companies. The blockchain category on its website lists 28 crypto companies and projects.

Some of the biggest include Nifty’s, KlimaDAO, Mintable, Challenge Alliance, OpenSeaCryptoSlam, Zapper, Polygon and Arbitration.

Despite investing millions in crypto startups, Cuba appears to have turned the corner on the asset class. In September he said crypto was “a bit boring”. He compared it to the early days of the internet when not much was going on. At the time, Cuban said crypto was like that, adding, “It’s boring, right? Because we haven’t seen anything new.

However, Mark Cuban remains passionate about non-fungible tokens (NFTs). He also wants to leverage digital assets to attract fans to his team.

The billionaire was also related with the now bankrupt Voyager Digital platform. His latest push to distance himself from crypto may have stemmed from that and the ensuing lawsuit.

Speaking at a conference on November 11, he lambasted Sam Bankman-Fried, exclaiming: ‘He’s just ‘Give me more, give me more, give me more.

On Nov. 14, Cuban said he invested in crypto because smart contracts can create valuable applications and utilities.

Kevin O’Leary and BitBoy Fight

Meanwhile, Cuban Shark Tank co-star Kevin O’Leary had a falling out with Ben Armstrong, aka “BitBoy.”

Twitter brawl stems from O’Leary’s comments regarding SBF, which BitBoy complaints were made under duress. He also denounced O’Leary, who would have backed WonderFi to buy Canadian crypto exchange Coinberry.

The storm of tweets continued, bringing nothing creative or productive to the already battered crypto ecosystem.

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