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 @

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…

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.



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…

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

New Crypto Bill Suggests Some DAOs Be Taxed Like Businesses

DeFi and Lending

Anchorage forms custody network with five crypto exchanges

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)

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

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


The Wall Street
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.

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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

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Earn bitcoin while you shop online using Lolli

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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 

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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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