There’s a lot of news this week on the FTX/Genesis/BlockFi/Gemini/Digital Currency Group/Celcius front. Prices are holding their pump levels, which, when I listened to a What Bitcoin Did interview with Steven McClurg, he mentioned that the sub-$23,000 price levels would not have happened if FTX didn’t implode, implying that we are now at what should have originally been the bottom.
Enjoy and be well, Everyone.
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The Week’s Posts
Tuesday Post – Coin Bureau: “FTX and the Connected Relationships”
Thursday Post- Video: Andreas Antonopoulos – “The Internet of Money” Chapter 11: Scaling Bitcoin
Reports:
Cointelegraph- Genesis Capital’s fall might transform crypto lending — not bury it
NYDIG – A Weekly Digest of Bitcoin News & Insights (Binance and Tether)
This Week In Twitter
Headlines
Adoption, Implementation and Infrastructure
–New York Assembly introduces crypto payments bill for fines, taxes
–Sen. Ted Cruz Wants Capitol Hill Vending Machines to Accept Crypto
–Bitcoin mining brings more than money to this East African country
CBDCs (are just Surveillance Tokens)
–Visa working on a number of CBDC and stablecoin initiatives – CEO
COMPANIES & PROTOCOLS
Layer 1 Protocols
–Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k
–Ethereum developers deploy Shanghai upgrade ‘shadow fork’
FTX/Genesis/Gemini/BlockFi/Silvergate/DCG/et al
–FTX Owes Money to Netflix, Binance, Wall Street Journal, Filing Shows
–Genesis’ bankruptcy filing was decided by independent committee, according to DCG
–Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
–DCG companies have laid off over 500 employees as contagion spreads
–Crypto bank Silvergate reveals $2.5M exposure to Genesis
–Crypto Bank Silvergate Suspends Dividend on Preferred Stock
–Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
–BlockFi exec argues bankruptcy court should approve bonuses to retain talent [did you ever see Margin Call?]
–Unredacted BlockFi financials show over $1.2B link to FTX, Alameda
–Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
–Gemini Earn customers face potential $485M shortfall in Genesis bankruptcy case
–Fireblocks Enlists Crypto Protection Firm Coincover for Third-Party Key Recovery Service
CRIMES AND SCAMS
–Crypto ransomware payments fall 40% in 2022 [A Silver Lining to bear markets}
DeFi CeFi and Lending
–Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week [Smells like shitcoin casino to me]
–This Week In DeFi – January 27
Exchanges
–Signature Bank Limit on SWIFT Transactions with Binance Affects Few
–Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange
GOSSIP/OPINION
–California DMV to digitize car title management system via Tezos
–Why Should Credit Unions Still Consider Crypto?
-SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO
–NFT court orders could become a norm in crypto-related litigation: Lawyers
Mining
–Bitcoin hash rate surpasses another ATH
–Blockstream Raises $125 Million For Bitcoin Mining
Nation States (and other political jurisdictions)
NFTs / Metaverse / Web3 / DAOs
–Binance tightens NFT rules: Nifty Newsletter, Jan. 18–24
–Better Policy Can Turn NFTs Into an Intellectual Property Powerhouse
–Nifty Gateway co-founders resign amid Gemini woes
Regulation, Legislation, Legal Matters & Taxation
–Mississippi Missouri Bills To Protect Bitcoin – Bitcoin Magazine
–Central African Republic eyes legal framework for crypto adoption
STABLECOINS
–Moody’s to build scoring system for stablecoins: Report
–Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of Money
Taxation
Wall Street and Big Money
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours
–SEC and Grayscale to Debate on a Bitcoin ETF in Court in March
Time Capsule
Outside News
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
Recommended Viewing
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Categories: Weekly Headlines
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