The Weekly News Roundup, ending 8 May 2022

By Brian in Chicago on May 8, 2022 • ( 0 )

For those not familiar, Bob Ross had a how-to painting show on US public television in the 70s and 80s. He was know for painting “happy little trees, etc.” This weekend we have happy little red candles.

Be well, Everyone.

“Why is a painting worth $10 million? It’s oil on canvas. So value is in the eyes of the beholder.”
Ken Griffin, founder and CEO of Citadel Securities

Follow TinyCryptoBlog – Website | YouTube | BitChute | Odysee | Brighteon | Twitter | Spotify | Facebook | Medium

Articles on Medium this week

Have We Been In A Bear Market This Entire Time?

Podcasts
The Cost of Crypto Podcast

This Week In Twitter

pic.twitter.com/gJPSG4D49N
— cryptob0t.eth (@thecryptob0t) May 8, 2022

The amount of #bitcoin on exchanges just keeps falling!

Retail keeps buying.
Whales keep buying.
Institutions keep buying.
I keep buying. pic.twitter.com/tg4JkJz06B
— Lark Davis (@TheCryptoLark) May 4, 2022

Over the last 40 days, $ETH has had a higher correlation with the S&P500 than it did with $BTC 📈

Some crazy stats from the latest Coinbase Institutional report… pic.twitter.com/twUPfbqBdu
— Coin Bureau (guy.eth) (@coinbureau) May 3, 2022

So, I can take all my cash, head down to the Bellagio and bet it all on black. No questions.

But if I want to allocate a few percent of my 401K to $BTC, Senator Warren suddenly has a problem?
— James Lavish (@jameslavish) May 6, 2022

pic.twitter.com/9nHLJgl1sI
— Sal the Agorist (@SallyMayweather) May 6, 2022

People think we are living in an advanced civilization yet nothing built today will last like their great works of old. We are living in the fiat dark ages.
— Steve Barbour (@SGBarbour) April 29, 2022

To American followers, you absolutely have to see this. pic.twitter.com/JvJELoDHAy
— Martin Pelletier (@MPelletierCIO) May 6, 2022

pic.twitter.com/9KtvToz79A
— conspiracybot (@conspiracyb0t) May 6, 2022

Recommended Viewing

Reports:
Coinbase Wallet For Beginners: The Complete Guide

Headlines

Adoption
–Coinbase took out the first Bitcoin-backed loan from Goldman Sachs
–Liechtenstein’s Largest Private Bank Enables Direct Investments in Bitcoin

CBDC (are just Surveillance Tokens)
–90% of surveyed central banks are exploring CBDCs — BIS

Company / Product / Project News
–After Massive Community Backlash CryptoCom Will Revise Recent Reward Staking Changes
–What now for Solana following ‘Candy Machine’ spam attack?
–Millions of NFT Transactions Clogged Solana, Causing Another Network Outage [This is what happens with innovative projects that take a “move fast and break things” approach.” This is the SEVENTH time in less than 12 months the network had to literally be rebooted.]

CRIMES AND SCAMS
–OpenSea’s Discord Channel Compromised, Hackers Promote NFT Scam

DAO

DeFi and Lending
–Over $80 Million Stolen From DeFi Lender Rari Capital [Another DeFi hack? Shocking I say. Shocking.]

Exchanges
–Binance Scores First European Regulatory Approval in France
–Binance Controlled 30% of Crypto Spot Volume in March: Report

Fundraising (keep an eye on these names)

Gossip
–Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour
–Paul Tudor Jones on the Biggest Thing Holding Bitcoin Back
–Wikipedia Stops Accepting BTC, ETH, BCH Donations After 8 Years
–Dubai Property Developer to Accept Bitcoin and Ethereum Payments
–Slovenia Ranks as the World’s Most Crypto-Friendly Nation (Study)

Implementation and Infrastructure
–Chainlink set to power Latin American real estate platform

Metaverse

Mining
–Argo Blockchain facility in West Texas expects to start mining Bitcoin in May
–Bitcoin Community Sends Letter to EPA Debunking Proof of Work FUD

Nation States (and other political jursidictions)
–Utah Governor approves of blockchain and digital innovation task force
–California governor issues blockchain executive order building on US President’s regulatory efforts
–Virginia county wants to put pension funds into DeFi yield farming
–Hawaii to Launch a Task Force Focused on Crypto Regulations

NFT
–Plain talk about NFTs: What they have been and what they are becoming
–There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society
–NFT Buying Frenzies Disrupt Solana and Ethereum Blockchains
–VanEck Exec: Use Cases of NFTs ‘Approaching Unlimited’

Regulation, Legislation & Legal Matters
–Court orders BitMEX founders to pay $30M civil penalty
–SEC doubles down on crypto regulation by expanding unit
–Argentina’s central bank steps in to block new crypto offerings from banks
–CFTC commissioner appoints crypto-experienced CME Group director as chief counsel
–New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog
see also for link to pdf: https://www.morrisoncohen.com/news-page?itemid=471
May 3 report: https://www.morrisoncohen.com/siteFiles/News/MoCo%20Cryptocurrency%20Litigation%20Tracker.pdf
–Belgium’s FSMA Requires New Crypto Companies to Register in May

Stablecoins
–The United States turns its attention to stablecoin regulation

Taxation

The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Grayscale’s GBTC and ETHE products now available on Robinhood
–SEC approves Valkyrie’s Bitcoin futures ETF

Time Capsule

2014: '#Bitcoin falls below $400'
2018: '#Bitcoin falls below $4,000'
2022: '#Bitcoin falls below $40,000' pic.twitter.com/iiW3odDkpS
— Documenting Bitcoin 📄 (@DocumentingBTC) May 6, 2022

This guy was trying to teach us how to buy #bitcoin when it was at 30 centspic.twitter.com/zHG9VGwWr6
— Documenting Bitcoin 📄 (@DocumentingBTC) May 8, 2022

Outside News

You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.