This week, I’m focuses more on a Deloite/PayPal report that came out that highlights the research and implementation of cryptocurrencies by large retailers (as payment rails and as treasury assets.) For historical context, 2017 and post-2017, such a thing was only a dream. It took the development and innovation of ideas like bitcoin’s lightning network and the expansion and adoption of stablecoins to lead to this point (along with other small innovations gone unmentioned.)
If you read closely, take note of expectations in just five years- that alone suggests that the space will be rapidly growing, spawning new innovations and applications.
I hope you are aboard the train, because the ride is turning out to be a lot of fun.
Be well, Everyone.
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Articles on Medium this week
The Cost of Crypto Podcast
This Week In Twitter
Tom didn’t know about adoption curves
On a slightly different note…
CBDC (are just Surveillance Tokens)
–In Historic Move, Jamaica Makes CBDC Akin to Cash
–US central bank digital currency commenters divided on benefits, unified in confusion
Company / Product / Project News
–Ethereum Proof of Stake Merge Goes Live on Ropsten Testnet – see also the note on mining…
DeFi and Lending
Fundraising and Sponsorships
Implementation and Infrastructure
–PayPal Enables Crypto Transfers to External Wallets, Exchanges
Metaverse / Web3
**Personal observation: since crypto prices fell hard in April, along with a rapidly declining profitability from mining ethereum, video card prices have fallen hard and fast. On eBay US, the price of an RTX 3080 ti has gone from ~$1,400 down to the current price of ~$850. If you’ve been in a market for a new GPU, now is the time to start watching retail and re-sell outlets**
–Hut 8 Mining Opens Third Facility, Hits 7,000 Bitcoins in Reserves
–Bitcoin Hash Rate Approaches All-Time High
Nation States (and other political jurisdictions)
Regulation, Legislation & Legal Matters
–CFTC Edges Closer to Becoming Primary Overseer for Crypto
–Binance Under SEC Investigation Over Its 2017 ICO Listing: Report
–Lithuania aims to tighten crypto regulation and ban anonymous accounts
The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Citadel Securities, Virtu Financial Building Crypto Trading Platform
–Two more spot crypto ETFs launch on Australian markets
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
Categories: Weekly Headlines