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

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


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.



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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