The TCB Weekly News Roundup, ending 15 January 2023

Lots of news across the board this week. A year from now, I don’t expect the Digital Currency Group to exist as the business entity is today, if it exists at all.

Coin and token prices also made a pump. Don’t get too excited- we’re still going to be moving sideways for some time, but at least the price range is being established and in time we’ll learn what the breakout point is.

To put on the record, I’m thinking that by the end of 2024, the price of one bitcoin will have crossed USD$100,000 (whether it is there at the time point is unknowable.)

If you stack, just keep stacking. If you don’t stack, keep learning.

Enjoy and be well, Everyone.


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The Week’s Posts
Tuesday Post- Via Medium: I DO NOT WANT YOU TO BUY BITCOIN

Thursday Post- Video: Andreas Antonopoulos – “The Internet of Money” Chapter 10: Elements of Trust: Unleashing Creativity


Reports:
NYDIG: 2022 Review and Look Ahead


This Week In Twitter


Headlines


Adoption, Implementation and Infrastructure
MAJOR UKRAINIAN PHARMACY CHAIN ENABLES BITCOIN PAYMENTS
PayPal Xoom adds cross-border remittance on debit card deposit
Nigerian innovator launches first active Bitcoin Lightning node in the country
Huobi and Solaris crypto-to-fiat debit card launches in the EU


CBDCs (are just Surveillance Tokens)
Mexico CBDC likely delayed beyond 2024


COMPANIES & PROTOCOLS
Eth
Number of Staked ETH Passes 16M
Sanctions couldn’t ‘pull the plug’ on Tornado Cash: Chainalysis
Cardano
Cardano ecosystem set to expand with custom-built sidechains
Wyre
Crypto payments platform Wyre lifts 90% withdrawal cap
FTX
FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case
FTX units on auction block draw 117 interested buyers: Court filing
Major media want answers: Who guaranteed Bankman-Fried’s $250M bail?
SBF reveals his side of the FTX story, blames CZ, targeted attack against FTX
FTX has recovered over $5B in cash and liquid crypto: Report
FTX Fallout
Gemini Terminates Its Crypto Yield Product, Amping Up Battle With Genesis
BlockFi Creditors Battle to Keep Their Details Secret
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Filings Reveal
DCG chief Barry Silbert pens letter to shareholders, community reacts
Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
FTX Creditor Claims Going for 13 Cents on the Dollar on Bankruptcy Marketplace


CRIMES AND SCAMS
HEX founder Richard Heart teases coming PulseChain launch [There may be intent to make an ecosystem, but if HEX is any indicator, it’s another room in a user-enrichment model]
Scam alert: MetaMask warns crypto users about address poisoning
BitConnect victims will receive $17 million: DOJ


DeFi CeFi and Lending
This Week In DeFi – January 13
WSJ: Risk Management at Crypto Firms Is in Focus Following FTX Collapse
Judge Allows Binance US Bid to Buy Voyager Assets to Advance
Hodlnaut creditors reject the restructuring plan, prefer liquidation
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
Nexo offices raided on allegations of financial crimes


Exchanges
Coinbase to cut another 20% of its workforce in the second wave of layoffs
Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
Coinbase Could Be One of Crypto’s Long-Term Survivors: Oppenheimer
90% of WazirX’s User Assets are in Binance Wallets, According to Proof Of Reserves Report
Uphold exchange denies owing millions to failed crypto lender Cred
Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry’s Cruel Winter Continues


GOSSIP
91% OF CRYPTOS FROM 2014 HAVE DIED, WHILE BITCOIN CONTINUES TO THRIVE
Bitcoin SV Drops as Robinhood Ends Support. Finally


Mining
Argo Blockchain’s Bitcoin Mining Margin Widens Most In at Least a Year
CANADA HAS DECLARED A LOCAL WAR ON BITCOIN MINING
Mining Bitcoin at home — Is it time to start?
ONE OF AMERICA’S LARGEST HEMP PROCESSORS MAKES ENTRY INTO SUSTAINABLE BITCOIN MINING


Nation States (and other political jurisdictions)


NFTs / Metaverse / Web3 / DAOs
Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more
NFT gaming trends in 2023: Industry execs expect more big players to jump in


Regulation, Legislation, Legal Matters & Taxation
USA/Europe
US House Republicans plan to establish crypto-focused subcommittee: Report
World
Nigeria to create the stablecoins and ICOs legal framework
Proposed bill in Argentina encourages citizens to reveal crypto holdings
Gemini and Genesis charged by SEC with selling unregistered securities
El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds


STABLECOINS
Nearly 65% of USDC reserves are held in US Treasury bills
Crypto.com delists USDT for Canadian users following OSC ban


Taxation


Wall Street and Big Money
Note –> https://bitcointreasuries.net/
Note –>
https://www.buybitcoinworldwide.com/treasuries/
Bitcoin CME Futures Draw Premium for the First Time Since FTX’s Collapse
Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest
Silvergate hit with another class-action suit, this time for securities law violations
POTENTIAL PATHS FORWARD FOR THE GRAYSCALE BITCOIN TRUST


Time Capsule


Outside News


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



Earn rebates paid in bitcoin by using the app to buy gift cards, and using the debit card for everyday purchases.


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


Send cash instantly around the world at no cost. 1% fee for buying bitcoin. Easily set up recurring buys.


coinbase

If you’re new to crypto, Coinbase is the easiest exchange to start with.

res-binance

Older posts had a referral link- my message now is to use at your own risk and don’t leave any token or coins in their custody you cannot afford to lose

changelly

Changelly is a good option for exchanging coins without having to use an exchange


lolli logo

Earn bitcoin when 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 while 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

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