Home › Weekly Headlines › The TCB Weekly News Roundup, ending 22 January 2023 – Foundations for the Next Bull Market Being Laid

The TCB Weekly News Roundup, ending 22 January 2023 – Foundations for the Next Bull Market Being Laid

By Brian in Chicago on January 22, 2023 • ( 0 )

DCG’s Genesis declared bankruptcy, the vultures are circling Tether (again), and price markets had a significant upward movement that begins to create the sentiment base for the next upward movement. Welcome to the sandpaper stages.

Enjoy and be well, Everyone.

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The Week’s Posts
Tuesday Post- What Bitcoin Did: “The Philosophy of Money with Andrew Bailey”

Thursday Post- Tomer Strolight: “Why Bitcoin, The Series, #21: Why You Shouldn’t Be Afraid of Bitcoin”

Reports:
BANKLESS – State of Ethereum Report — Q4 2022

This Week In Twitter

My guess is the first mirrors the second.
The range is still being built. Sentiment needs to be tested. We need disappointment and building optimism before price markets build momentum, attention, and FOMO. pic.twitter.com/l5g9BUqO0O
— THIS SPACE FOR RENT (@TinyCryptoBlog) January 22, 2023

Left a job I had worked for 4 years last October because I ""was doing well."" In my case, I chose to lock a token for 4 years. Quite frankly, I have no idea what it even does. 100K+ position reduced to less than $6,000, -97% and counting.

Pure hubris at peak euphoria.
— Coinfessions (@coinfessions) January 19, 2023

Holy cow. This is at my local BestBuy in Puerto Rico. Unbelievable how far bitcoin has come. Awesome distribution for “normies” well done ⁦@Ledger⁩ pic.twitter.com/vqzS0KvWBb
— David Bailey🇵🇷 https://redeemGBTC.com (@DavidFBailey) January 21, 2023

Just as people can be biased socially or politically with their viewpoints and interests, that same human characteristic applies to bitcoin and crypto, where people are so biased towards bitcoin that anything else is "literally like Hitler" or sentiments akin to that.
— THIS SPACE FOR RENT (@TinyCryptoBlog) January 22, 2023

INteresting. Let's see what develops. https://t.co/DeeOOYnKgj
— THIS SPACE FOR RENT (@TinyCryptoBlog) January 22, 2023

For under $150 and 2 hours time to install.
Filters last a fam of three 8-12 months and cost about $30-40 to replace. #REverseOsmosis https://t.co/mEfm0XoF5J
— THIS SPACE FOR RENT (@TinyCryptoBlog) January 22, 2023

Headlines

Adoption, Implementation and Infrastructure
–Robinhood launches self-custody wallet
–1inch launches multi-coin hardware wallet

CBDCs (are just Surveillance Tokens)
–Tanzania ‘cautious’ on CBDC adoption after initial research
–Digital Dollar Project urges US to take action on CBDC development

COMPANIES & PROTOCOLS
Digital Currency Group / Genesis
–Digital Currency Group halts dividends in an effort to preserve liquidity
–Gemini co-founder threatens lawsuit against DCG, Barry Silbert
–Genesis Global caves to liquidity issues, files for Chapter 11 bankruptcy
–Genesis owes over $3.5B to top 50 creditors, owes $765.9M to Gemini Earn users
–DCG’s CoinDesk receives buyout interest; exploring partial or full sale
–Cardano founder Charles Hoskinson confirms interest in CoinDesk acquisition

Ethereum
–Soaring growth of Ethereum layer-2 networks set to continue in 2023
–Number of ETH holders grew 3.6x to 87M in 2022
–BNB Chain deployed the most dApps in 2022, while Ethereum led the pack for NFT transactions
–WBTC supply on Ethereum dropped 35% since LUNA collapse

–Polygon completes hard fork upgrade to minimize gas fee spikes, chain reorgs

–Silvergate Capital posts $1B loss in Q4’22

–Breakdown of current FTX assets shows $3.5B in crypto, $250M in real estate

–Troubled crypto lender Vauld gets extended creditor protection

CRIMES AND SCAMS

DeFi CeFi and Lending
–This Week In DeFi – January 20
–Nexo reaches $44.5M settlement with SEC, others

Exchanges

GOSSIP
–Digital euro can’t be programmable: Eurogroup

Mining
–Bitcoin mining council Q4 2022 briefing shows a drop in sustainable energy usage
–Crypto miner explains how Bitcoin mining stabilizes grids
–Compass Mining sued for losing Bitcoin mining machines bought by customers
–Research Research: A review of bitcoin mining company holdings in 2022
–Bitcoin Mining Difficulty Surges 10% to New ATH as Miners Return
–SEC leaked crypto miners’ personal information during investigation: Report
–Bitcoin mining in a university dorm: A cooler BTC story

Nation States (and other political jurisdictions)
–Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
–Every third member of the US Congress received money from FTX

NFTs / Metaverse / Web3 / DAOs
–Yuga Labs blacklists NFT marketplaces that do not support royalties
–Binance tightens rules on NFT listings
–NFTs Are A ‘Trojan Horse’ Coming at Record Labels
–Logan Paul unveils CryptoZoo recovery plan: Nifty Newsletter, Jan 11–17
–WEF publishes new in-depth guide to DAOs to air issues, encourage development

Regulation, Legislation, Legal Matters & Taxation
USA/Europe
–CFTC commissioner: Crypto exchanges shouldn’t ‘self-certify’ tokens

–Thailand’s SEC mandates exchanges to establish digital wallet management system

STABLECOINS
–National Australia Bank to launch AUD-backed stablecoin
–Stablecoin reserves in centralized exchanges continue to fall after FTX collapse

Taxation

Wall Street and Big Money
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Grayscale files brief in ETF suit against SEC, oral arguments may come within months

Time Capsule

Outside News

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

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