Crypto-centric bank Silvergate announced it is closing its doors, the legal and regulatory noose around crypto users necks get tightened, Circle’s USDC stablecoin de-pegged when it is reported that a significant chunk of money is locked up when SVB bank is shut down. Twitter is getting pretty hot as a result.
Enjoy and be well. Know your third-party risks.
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The Week’s Posts
Tuesday Post- What Bitcoin Did: “Do Ordinals Make Bitcoin Better or Worse Money? With Rob Hamilton”
Thursday Post- What Bitcoin Did: “The Future of Nuclear Energy with Everett Redmond”
Reports:
This Week In Twitter
Headlines
Adoption, Implementation and Infrastructure
–Circle Dropped Automated Clearing House Payments: Dapper Labs
–Bybit introduces Mastercard-powered debit card days after halting USD transfers
–CashApp Users Bought $7.11 Billion Worth of Bitcoin in 2022
–BASE by Coinbase Has Integrated Chainlink Data Feeds on Testnet
–Coinbase launches wallet-as-a-service for businesses
–Old. U.S. home-loan banks lent billions of dollars to crypto banks: Report
CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
–SWIFT moves to next phase of CBDC testing after positive results
–Brazil Begins CBDC Pilot With Public Use Scheduled for 2024: Report
–Iran completes pre-pilot phase of central bank digital currency
COMPANIES & PROTOCOLS
–What does the Silvergate collapse mean for crypto?
–Silvergate closes exchange network, releases $9.9M to BlockFi
–Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
–Here’s Everything You Need to Know About the Latest Grayscale-SEC Developments
Crimes, Scams and Hacks
–Algorand blasted over inaction on ongoing wallet drain hack
–17 biggest crypto heists of all time
–7 DeFi protocol hacks in Feb see $21 million in funds stolen: DefiLlama
–Silk Road Bitcoin for sale? US government-linked addresses transfer $1B in BTC
DeFi CeFi and Lending
–This Week In DeFi – March 3
–Alameda Research to sell interest in Sequoia Capital to Abu Dhabi for $45M
Exchanges
–Binance.US Can Move Ahead With Plan to Acquire Voyager Digital’s Assets, Judge Rules
GOSSIP/OPINION
–Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CE
–The SEC’s Custody Rule Would Be a Net Positive for Crypto
–BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin
Mining
*Live Mining Statistics*
–Pennsylvania is Now Home to a 100% Nuclear-Powered Bitcoin Mining Facility
–‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miner
–Bitcoin Mining Adapts To Energy Transition – Bitcoin Magazine
Nation States (and other political jurisdictions)
NFTs / Metaverse / Web3 / DAOs
–Metaversal: Right-Click Saved
Regulation, Legislation, Legal Matters & Taxation
–House Republicans directly criticize Biden administration for digital asset policies
–British Banks Crack Down On Bitcoin Crypto Access
STABLECOINS
–Silicon Valley Bank shut down by California regulator
–USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
–Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows
–Circle’s exposure to US banks could top $9B
Taxation
–CoinTracker integrates with H&R Block to offer crypto tax preparation
Wall Street and Big Money
*BitcoinTreasuries*
*Bitcoin Worldwide (treasuries)*
–Grayscale products buoyed following oral arguments in case against the SEC
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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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 is a good option for exchanging coins without having to use an exchange
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Download the Exodus wallet for you PC and smartphone
Download the Coinami wallet for your PC and smartphone
Categories: Weekly Headlines
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