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The TCB Weekly News Roundup, ending 19 February 2023

By Just Brian on February 19, 2023 • ( 0 )

News across the board. The SEC/Kraken fine was more about custodial services than protocol staking, CBDCs move forward, and action in DeFi and NFT spaces.

Enjoy and be well, Everyone.

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The Week’s Posts
Tuesday Post: Charles Hoskinson of IOHK on Recent Developments with Staking & Regulation

Thursday Post- Tomer Strolight: “Why Bitcoin, The Series, #23: Why We Need Bitcoin”

Reports:

This Week In Twitter

Year of first contact:

1985 Computer
1994 Internet
2011 Bitcoin
2023 Nostr

Yes, I'm putting Nostr at that level.
— Jimmy Song (송재준) (@jimmysong) February 14, 2023

This was a policy instituted during the chaos of the COVID outbreak and it hasn't been reversed. https://t.co/L99oweGFFa pic.twitter.com/9SMmdXm78K
— Marty Bent (@MartyBent) February 15, 2023

This is what grift looks like (cowtowing the money and power brokers to earn a buck/prestige/market place) regardless of outcome consequence.https://t.co/bCEuUhQuac
— This Space For Rent. Low Rates. (@TinyCryptoBlog) February 19, 2023

The world is splitting in two.

One group of people need the system & are so entrapped by it that they are frantically sticking up for it.

The second group is awake, see the world for what it is & are aggressively seeking enlightenment away from the modern traps.
— Golden Age of Man (@GoldenAgeMan) February 14, 2023

Headlines

Adoption, Implementation and Infrastructure
–Strike Launches ‘Sending API’: Businesses Can Easily Use the Lightning Network for Payments
–Siemens issues $64M digital bond on a public blockchain
–Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions

CBDCs (are just Surveillance Tokens)
–San Francisco federal bank eyes CBDC system development, reveals job posting
– Fireblocks Director Of CBDC, Market Infrastructure Says Bank Of England Consultation Paper On CBDC Offers Meaningful Engagement Opportunity [This is what grift looks like]
–UAE Plans to Issue a CBDC to Promote Digital Payments

COMPANIES & PROTOCOLS
Bitcoin
–NBB: Block 776890: Important News of the Week
–How Ordinals are evolving differently than Ethereum NFTs (Twitter thread)
Ethereum
–Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH
–Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade

CRIMES AND SCAMS
–FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas
-*Voyager creditors serve SBF a subpoena to appear in court for a ‘remote deposition’

DeFi CeFi and Lending
–DeFi Rate: This Week In DeFi – February 17
–Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
–Alameda wallets resurrect to transfer FTT in the millions
–SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined

Exchanges
–Mt. Gox top creditor goes with early payout option: Report
–Binance withdrawals and BUSD redemptions surge post Paxos crackdown
–Circle blew the whistle on Binance reserves to NYDFS: Report

GOSSIP/OPINION

Mining
–Bitcoin miners already made nearly $600K from Ordinals’ NFT transaction
–Bitcoin miners as energy buyers, explained
–Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

Nation States (and other political jurisdictions)
–El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF

NFTs / Metaverse / Web3 / DAOs
–Ordinals Gain Momentum With 76,000 NFTs Minted to Bitcoin
–Bored Ape Owner Burns $169K NFT to Move It From Ethereum to Bitcoin
–Concerning Ordinals – Bitcoin Magazine – Bitcoin News, Articles and Expert Insights
–Bitcoin Ordinals Can Change Mining Revenue – Bitcoin Magazine
–NYDIG: Ordinals is Impacting the Blockchain, But Some Outcomes are a Mystery
–How the Ordinals movement will benefit the Bitcoin blockchain
–Metaversal: NFT market wars continue

Regulation, Legislation, Legal Matters & Taxation
–The U.S. State Of Wyoming Has Passed A Bill That Protects Its Citizens From Having To Disclose Private Keys
–UK FCA to take action against unregistered, illegal cryptocurrency ATMs
–SEC to target crypto firms operating as ‘qualified custodians’ — Report
–US lawmakers and experts debate SEC’s role in crypto regulation

STABLECOINS
–Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

Taxation
–IRS broadens tax requirements for crypto to encompass everyone – **eyeroll**

Wall Street and Big Money
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/

Time Capsule

The most extreme bubble, and fall, in bitcoin's history wasn't 2013, or 2017, and certainly not 2021.

It was 2011. BTC did +3000% in 6 weeks, and then fell 94% over the next 5 months. Brutal. pic.twitter.com/ZG4lU8bh8k
— Dan McArdle (@robustus) February 18, 2023

that's a concise and clear summary of how and why bitcoin works from @halfin 2011. https://t.co/bzN3yyoasL pic.twitter.com/Kz66iNgT0x
— Adam Back (@adam3us) February 13, 2023

Outside News

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

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