What a week! The legal aspect of the FTX fallout continues to progress, CBDCs are making headlines, the companies affected by the fallout of FTX make moves, and bitcoin miners deal with the shakeout of low prices and high difficulty.
Enjoy and be well, Everyone.
Comments and suggestions, reach out -> hello @ tinycryptoblog.com
Follow TinyCryptoBlog – Website | YouTube | BitChute | Odysee | Brighteon | Twitter | Spotify | Facebook | Medium
The Week’s Posts
What Bitcoin Did: “The Future of Bitcoin Banking with Bill Barhydt”
Read With Me: Andreas Antonopoulos – “The Internet of Money” Chapter 8: Bitcoin Design Principles
Reports:
NYDIG – A Weekly Digest of Bitcoin News & Insights
This Week In Twitter
Headlines
Adoption, Implementation and Infrastructure
–Strike partners with Bitnob to facilitate cross-border payments into Africa
–SEBA Bank partners with HashKey for institutional crypto adoption
–Payments Giant Stripe Launches Cash To Crypto Web3 Service
CBDCs (are just Surveillance Tokens)
–Some Central Banks Reportedly Looking to Issue a CBDC Within 10 Years
–Pakistan launches new laws to expedite CBDC launch by 2025
–Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
–Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov
–Australian CBDC receives unexpected interest but could hurt banks: RBA
–Spain’s central bank to experiment with wholesale CBDCs
COMPANIES & PROTOCOLS
Bitcoin
–A year after Taproot, Bitcoin community works to unlock its DeFi potential
–Bitcoin’s Lightning Network Could Be Getting a Privacy Upgrade
Ethereum
–What’s in and what’s out for Ethereum’s Shanghai upgrade
Greyscale
–Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group
–Lawsuit Against Grayscale Likely To Drag On
–Grayscale Bitcoin Trust Discount Widens to Record High Near 50%
Silvergate
–Crypto Bank Silvergate Asked To Detail Records of Purported FTX Ties
BlockFi
–BlockFi employees were discouraged from describing risks in internal communications
–Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
FTX / Alameda
–How Wide Does FTX Contagion Spread? The Affected Companies So Far
–FTX reportedly gets 3 more months to stop all operations in Japan
–Alameda’s capital portfolio reveals highest token investments in Polygon, Hole, and Port Finance
–Earth to Reporters: Why Is No One Asking SFB What Happened to the $3.3 Billion He Borrowed?
–Who’s expected to testify before Congressional hearings on FTX?
–Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson
Celsius
–Celsius gets extension for chapter 11 reorganization plan
–Celsius Gets Cash Infusion From Prime Trust as Scammers Target Customers
Three Arrows
–Novogratz’s Galaxy Digital acquires Celsius’s GK8 in a bankrupt garage sale
Everyone and Everything Else…
–Court approves issuance of subpoenas to 3AC co-founders
–Nexo to Depart US After Regulator Discussions Hit ‘Dead End’
–Crypto Services Firm Prime Trust Replaces CEO Tom Pageler
–LINK staking in community pool filled within the first 2 hours (Chainlink implemented Staking on the network)
CRIMES AND SCAMS
DeFi CeFi and Lending
–This Week In DeFi – December 9
-Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Exchanges
GOSSIP
Mining
–Hut8, Riot, Marathon increase BTC holdings in November after large declines Zeynep Geylan
–Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US
–Kentucky to scrutinize contracts offering cheaper electricity to miners
–Bitcoin Miner Gridless Raises $2 Million
–New evidence 52.2% of Bitcoin Network uses clean energy
Nation States (and other political jurisdictions)
–El Salvador buys back sovereign bonds to reduce debt
–Iran set to freeze bank accounts of women who refuse to wear a hijab
NFTs / Metaverse / Web3 / DAOs
–Malta prepares to revise regulatory treatment of NFTs
–As OpenSea Flexes Marketplace Influence, Some Users Are Worried
–Chinese court says NFTs are virtual property protected by law
–Apple Wants to Tax Ethereum
–$1.3T Asset Manager Exploring Use Cases for NFTs
Regulation, Legislation & Legal Matters
USA/Europe
–US DOJ reportedly investigating FTX CEO for siphoning funds out of the US
–Gensler’s approach toward crypto appears skewed as criticisms mount
–Ripple, SEC Final Briefs Provide Case Summary
–Crypto consumer protection, proof-of-reserves bills introduced into US Congress
–EU’s McGuinness Urges Speedier Vote on Long-Delayed Crypto Laws
–FinCEN Invites Bankers To Assess DeFi Risk
–ECB official proposes ban on tokens with an ‘excessive ecological footprint’
Asia
–India Looks to Coordinate Global Crypto Rulemaking as It Assumes G-20 Presidency
–Hong Kong to subject crypto exchanges to the same laws governing TradFi
STABLECOINS
–Circle To Stay Private for Now as Rivals Gain Market Share
–USDC could get access to Fed’s RRP via BlackRock partnership
–Coinbase takes a shot at Tether, encourages users to switch to USDC
Taxation
Wall Street and Big Money
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
—Institutional investors still eye crypto despite the FTX collapse
–Goldman Sachs reportedly looking to buy crypto firms after FTX collapse
Time Capsule
Outside News
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
Recommended Viewing
SWAN BITCOIN – 1% FEE FOR BUYING BITCOIN AND EASILY SET UP RECURRING BUYS
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
Categories: Weekly Headlines
Leave a comment