Home › Weekly Headlines › The TCB Weekly News Roundup, ending 05 February 2023

The TCB Weekly News Roundup, ending 05 February 2023

By Brian in Chicago on February 5, 2023 • ( 0 )

Quiet week. Encouraging adoption news.

Enjoy and be well, Everyone.

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The Week’s Posts
Tuesday Post- What Bitcoin Did: “The Death Spiral of Western Economies with Dan Tubb”

Thursday Post- Tomer Strolight: “Why Bitcoin, The Series, #22: Why Bitcoin’s Lightning Network is Incredible”

Reports:

TFTC: Issue #1312: The Lightning network is gaining momentum during the bear market

This Week In Twitter

This is just a bit of what is happening right now in Nigeria as the banks prevent people from withdrawing cash. A lot of ATMs are empty, especially in the east and the few with the new naira notes have long queues with people fighting to pull out their money. So sad to see this. pic.twitter.com/Pkw8hJhWF3
— Ragnar Danneskjold (5th Ghost)🩺🔬 (@naija_bitcoin) January 30, 2023

Another big month for Wallet of Satoshi.

Their users made over 600,000 Lightning payments in January, up from 443,000 in December.

⚡️ pic.twitter.com/pkdlpeulbb
— Kevin Rooke (@kerooke) February 1, 2023

When you see this Wallets Mapping, what does it make you think? Believe it or not, I discovered this when looking into Robinhood. pic.twitter.com/8TqCcaYgbv
— TruthLabs.eth vs🔺🐵🏹♟️🌕🎶🦢1⃣3⃣3⃣7⃣ (@BoringSleuth) February 4, 2023

Bitcoin Miner Deployment Day 🥶 pic.twitter.com/GKb1XVlgFY
— Simple Mining (@simpleminingio) February 4, 2023

Key word is "responsibility."
Responsibility requires ownership of self.
We'll get there. https://t.co/dwAani8YOY
— This Space For Rent. Low Rates. (@TinyCryptoBlog) January 29, 2023

"The Great Reset" that the world actually needs is to free people from the creeping tyranny of globalist elites
— Kyle Becker (@kylenabecker) February 4, 2023

Headlines

Adoption, Implementation and Infrastructure
–Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
–Mastercard, Binance to launch their second prepaid crypto card in Latin America
–Lighting network provider Strike expands to Philippines

CBDCs (are just Surveillance Tokens)
–Indian retail chain rolls out support for CBDC payments in stores: Report
–Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou
–Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

COMPANIES & PROTOCOLS
–Ethereum staking withdrawal testnet ‘Zhejiang’ set to launch Wednesday

–FTX sister company Alameda Research sues Voyager Digital for $446M

–Breaking: BlockFi uncensored financials reportedly shows $1.2B FTX exposure
–BlockFi gets court nod to sell crypto mining assets

CRIMES AND SCAMS

DeFi CeFi and Lending
–This Week in DeFi
–Celsius publishes eligible users’ list for withdrawals
–Russia’s Sberbank Will Introduce DeFi Platform by May

Exchanges

GOSSIP/OPINION
–OpenSea serves as an example of why crypto security must improve
–The IBM–Maersk blockchain effort was doomed to fail from the start

Mining
–Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

Nation States (and other political jurisdictions)

NFTs / Metaverse / Web3 / DAOs
-Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more

Regulation, Legislation, Legal Matters & Taxation
–SEC settles on security claim in LBRY case; community calls it a big win for crypto
–Australia introduces classification for crypto assets [I’m glad SOMEONE took the first step]
–India Reveals IMF Is Working With G-20 for Crypto Regulations
–Craig Wright’s UK Case Against 16 Bitcoin Developers to Go to Full Trial

–Hong Kong will not tolerate algorithmic stablecoins in new regulation

STABLECOINS
–Only 4 people controlled Tether Holdings as of 2018: Report
–Key takeaways from Circle’s $44.5B USDC reserve report
–Stablecoin withdrawals from exchanges reach $800M on Jan. 30

Taxation

Wall Street and Big Money
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Time Capsule

Outside News

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

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