All systemic risks. Circle depegged hard as a result of SVB’s issues. Signature bank was taken down in a politicized more, we found out Credit Suisse’s spreadsheet is garbage, and Caitlin Long has a few good words on how higher reserve requirements would fix many issues.
If banks were better capitalized, there would be more confidence (and literally more reserve buffer) and it would take some truly bad risk judgement for a bank to go under.
Anyway, know your counter party risks.
Enjoy and be well, Everyone.
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The Week’s Posts
Tuesday Post- What Bitcoin Did: “The Truth About Nuclear Energy with Anthony Jared”
Thursday Post – Tomer Strolight: “Why Bitcoin, The Series, #25: Why Bitcoin Exists”
The Week in Videos ending 19 March 2023
This Week In Twitter
Adoption, Implementation and Infrastructure
–Orca DEX to block US users from trading with its interface
–Binance to lose its British pound on- and off-ramp provider in 9 weeks
–MetaMask addresses privacy concerns with new features for enhanced control
–Swiss Bankers Association proposes deposit tokens to develop digital economy
–BitGo patches critical vulnerability first discovered by Fireblocks
CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
–India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
COMPANIES & PROTOCOLS
–Coinbase, Celsius and Paxos disclose funds in Signature Bank
–Marathon Digital: Deposits held at Signature Bank are secure and available
CRIMES AND SCAMS
–More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
–DeFi sees its biggest hack in 2023 as Euler loses $197M
DeFi CeFi and Lending
–This Week In DeFi – March 17
–Decentralized exchange Uniswap hits record single-day volume
–Binance replaces BUSD in SAFU fund with TUSD and USDT
–Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga
Mining and Energy
*Live Mining Statistics*
–Power Bitcoin Mining Management Software – Bitcoin Magazine
–A new nuclear reactor in the US started up last week — the country’s first in nearly 7 years.
–Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
Nation States (and other political jurisdictions)
NFTs / Metaverse / Web3 / DAOs
–Nifty News: Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more
Regulation, Legislation, Legal Matters & Taxation
–SEC Chairman Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: Report
–Signature Bank investigated for money laundering prior to demise: Report [it’s still a politicized takedown]
–Former NY Regulator: Crypto Isn’t the Reason Why Signature Bank Was Closed
–State caps or federal regulation: What’s next for political crypto donations
–Crypto assets to become a separate category in UK tax forms
–Circle taps Cross River as banking partner, expands ties with BNY Mellon
–TUSD’s supply crosses $2B amid banking woes for stablecoin rivals
Wall Street and Big Money
*Bitcoin Worldwide (treasuries)*
–Bitcoin surges past $24,000 on CME launch of BTC event contracts
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
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If you’re new to crypto, Coinbase is the easiest exchange to start with.
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
Earn bitcoin when you shop online using Lolli
Get crypto-themed shirts, stickers, mugs and more at Teepublic
Download the Brave browser and block unwanted ads and earn rewards while you browse online
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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