The Weekly News Roundup, ending 22 May 2022 – Now What?

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 @

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)

The Cost of Crypto Podcast

This Week In Twitter

Blockworks: The Investor’s Guide to Crypto Credit Cards

Arca: Will a Phoenix Rise From the Ashes… Again?


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

Former BitMEX CEO Arthur Hayes Avoids Prison Time, Sentenced to 2 Years Probation


DeFi and Lending


Fundraising and Sponsorships
Latest Crypto Sponsorships: Binance Goes To Brazil, WhaleFin Partners With Chelsea FC

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

Venture Capital Giant Andreessen Horowitz Launches New $600,000,000 Metaverse Fund

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

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

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


The Wall Street
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

Buy store gift cards, earn bitcoin. Use the debit card, earn bitcoin. Get .00005 bitcoin when you sign up

The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out a crypto-backed loans

Get $10 when you sign up with Strike. Send cash instantly around the world at no cost, and buy bitcoin with only a 1.5% fee


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

lolli logo

Earn bitcoin while you shop online using Lolli

teepublic logo

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 

Exodus-Logo side

Download the Exodus wallet for you PC and smartphone


Download the Coinami wallet for your PC and smartphone

Categories: Weekly Headlines

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