In the wake of the Luna collapse, we’ve seen a call for an increased pace on the legal front, especially where stablecoins are concerned.
On a recent interview of Michael Saylor on Natalie Brunell’s channel, Michael explained that by SEC chairman Gary Gensler’s language, bitcoin is property, tokens of L1 and L2 protocols are securities, and be design, that would make crypto exchanges subject to the same laws and regulations of disclosure as stock exchanges (which would also mean that projects that wanted to list with crypto exchanges would be subject to the same rules of disclosure [and transparency]). That makes sense, and I could see that happening, insofar as the activity of having a formal exchange set up for the purpose of buying and selling coins and tokens. That said, long live DEXes.
On a personal observation, the prices for video cards have been declining. I imagine that less experienced people who purchased cards for mining during the frothier times in 2021 might be having buyers regret. I saw this in 2018 and we’re seeing it again, so if you’re in the market for a new GPU, now is the time to start shopping around and watching prices. (Plus, Nvidia recently released the RTX 3090ti card, so the premium on higher-end cards has disappeared.)
Comments and suggestions, reach out -> hello @ tinycryptoblog.com
Be well, Everyone.
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Articles on Medium this week
Have We Been In A Bear Market This Entire Time? (seems it was coming, though)
Podcasts
The Cost of Crypto Podcast
This Week In Twitter
Recommended Viewing
Reports:
Blockworks: The Investor’s Guide to Crypto Credit Cards
Arca: Will a Phoenix Rise From the Ashes… Again?
Headlines
Adoption
–Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach
–Over 10 Million CashApp Accounts Have Bought Bitcoin: Block’s Q1 Letter
–CryptoCom Pay Now Available for Shopify Merchants
–GetPayroll Announces Crypto Payroll via NYDIG
CBDC (are just Surveillance Tokens)
–European Union Could Start Testing a CBDC in 2023, ECB Executive Says
Company / Product / Project News
–Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’
–Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem
CRIMES AND SCAMS
–Former BitMEX CEO Arthur Hayes Avoids Prison Time, Sentenced to 2 Years Probation
DAO
DeFi and Lending
Exchanges
Fundraising and Sponsorships
–Latest Crypto Sponsorships: Binance Goes To Brazil, WhaleFin Partners With Chelsea FC
Gossip
–Jack Dorsey Responds to SBF’s Comments on Bitcoin Scaling and Proof of Work
–WEF 2022: Blockchain and digitization to take center stage at Davos
–SEC Chair Predicts Other Cryptocurrencies Will Mimic Terra’s Downfall and Harm Investors
–Declining Celsius Yields Ignite Investor Concerns: Reports (Abra’s sets their yields to be self-funding with the lending program. Just a point of mention for risk analysis.)
–Will a Proof-of-Stake Ethereum Lead to More Centralization?
–Crypto Investors Buy Market Dip, Weekly Inflows Hit Record High
Implementation and Infrastructure
–Robinhood To Build Web3 Wallet in Bid To Capture NFT Hype
Metaverse
–Venture Capital Giant Andreessen Horowitz Launches New $600,000,000 Metaverse Fund
Mining
–China returns as 2nd top Bitcoin mining hub despite the crypto ban
–City of Mobile, Alabama Approved Its First Bitcoin Mining Project
–Texas Pacific Land Corporation, Mawson Infrastructure Group Inc., and JAI Energy Announce New Bitcoin Mining Venture in West Texas
Nation States (and other political jurisdictions)
–Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
–Miami and New York City coins tank despite Mayoral endorsements
–Panama’s Crypto Bill Faces Setback as President Calls for Stricter AML Controls
NFT
–Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more
–NFT prices take a gut punch as the crypto bear market deepens
–Spotify reportedly tests NFT galleries on musician profiles
Regulation, Legislation & Legal Matters
–Global financial regulators will discuss crypto at G7: Report
–California regulator will revisit long-running ban on crypto donations on May 19
–Terra crash sharpens Washington’s attention on crypto regulations
Stablecoins
–Stablecoin supplies and cash reserves in question amid crypto exodus
–Do Kwon proposes Terra hard fork to save ecosystem
–UK Treasury en route to legalizing stablecoins amid Terra’s UST crash
–After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves
–Tether Confirms Fully Backed Reserves in Latest Assurance Report
–The Big ‘Winner’ From the Crypto Crash? USDC Stablecoin
Taxation
The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures
–Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
–Cheaper Bitcoin: GBTC Discount Extends to 27%
–Grayscale to List a Crypto ETF in Europe (Report)
–House Bill Aims to Protect Bitcoin Retirement Accounts From Federal Ban
Time Capsule
Outside News
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
–Another Heart Changed? Former Crypto Skeptic Jim Rogers Wishes He Bought Bitcoin at $1
The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out a crypto-backed loans
If you’re new to crypto, Coinbase is the easiest way to get started
Binance is a great exchange to buy and sell cryptos
Changelly is a good option for exchanging coins without having to use an exchange
Earn bitcoin while you shop online using Lolli
Get crypto-themed shirts, stickers, mugs and more at Teepublic
Download the Brave browser and block unwanted ads and earn rewards whileen you browse online
Download the Exodus wallet for you PC and smartphone
Download the Coinami wallet for your PC and smartphone
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