The Weekly News Roundup, ending 12 June 2022 – Mainstream Adoption Picks Up Steam

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.


Comments and suggestions, reach out -> hello @ tinycryptoblog.com

Be well, Everyone.


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


Articles on Medium this week

Articles


Podcasts
The Cost of Crypto Podcast


This Week In Twitter

Tom didn’t know about adoption curves



Reports:

On a slightly different note…

As commodity prices increase (gasoline especially,) the savings rate for US citizens decreases to lows not seen in a long time. People are turning to credit to make ends meet, and reports are that demand at food banks is on a sharp increase as people living on the margin is forced to pay more for essentials. Very tough times.

Headlines


Adoption
REPORT – MERCHANTS GETTING READY FOR CRYPTO

Checkout​.com launches 24/7 stablecoin settlement in partnership with Fireblocks
MoneyGram’s USDC transfer service launches in several countries


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…


CRIMES / SCAMS / HACKS
In Latest Crypto Hack, 20M Tokens Lost as Market Maker Wintermute Takes Blame
$6M Bounty Paid to White Hat Hacker Likely Averts Sizable DeFi Hack


DAO
New Crypto Bill Suggests Some DAOs Be Taxed Like Businesses


DeFi and Lending


Exchanges
Anchorage forms custody network with five crypto exchanges


Fundraising and Sponsorships


Gossip


Implementation and Infrastructure
PayPal Enables Crypto Transfers to External Wallets, Exchanges


Metaverse / Web3


Mining
**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)


NFTs
You Can Now Buy NFTs Without Crypto
Salesforce Pilots Cloud-based NFT Service


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


Stablecoins
New York Regulator Says Stablecoins ‘Must Be Fully Backed’
Terraform Labs and Do Kwon Ordered To Comply With SEC Subpoena
Tether deploys new USDT token on the Tezos blockchain


Taxation


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


Time Capsule


Outside News


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


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


coinbase

If you’re new to crypto, Coinbase is the easiest way to get started

res-binance

Binance is a great exchange to buy and sell cryptos

changelly

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


brave-logo

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

coinami

Download the Coinami wallet for your PC and smartphone



Categories: Weekly Headlines

Tags: , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: