The TCB Weekly News Roundup, ending May 7, 2023

Another quiet week in the crypto space, through the fractional-reserve banking system continues to show where the breakage is and where things need to be changed.

Enjoy and be well, Everyone.

Follow TinyCryptoBlog – Website | YouTube | BitChute | Odysee | Brighteon | Twitter | Spotify | Facebook | Medium

The Week’s Posts
Tuesday Post- The Cost of Crypto Podcast, Episode 31 – May Interesting Times Await You

Thursday Post- Cold Fusion: “How the 2008 Financial Crisis Still Affects You”

The Week in Videos ending May 7, 2023

Who Benefits From The New York Times’ Attacks on Bitcoin?

Marty Bent: Issue #1340: This feels like the endgame

This Week In Twitter


Adoption, Implementation and Infrastructure
Digital Bank Revolut Expands in to Latin America, Now Offering Crypto Investments in Brazil
Bybit joins crypto exchanges offering crypto lending services
ETH Liquid Staking Protocol Lido Finance Deposits Surpass 6M Ether After Shanghai Upgrade
Argentina’s Central Bank Bans Financial Institutions From Offering Bitcoin
Why EigenLayer Excites Us [Restaking explained]

CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
Central Bank Digital Currencies (CBDCs) Are Unexpectedly Becoming a U.S. Presidential Election Issue

Market Value of ‘Bitcoin Request for Comment’ (BRC-20) Tokens Rockets to $137M, Up 600% in a Week
Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market

Popular Custodial Lightning Service May Be Exit Scamming

DeFi CeFi and Lending|
This Week In DeFi – May 5
Decentralized Exchange DEX SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Eligible Celsius users can withdraw all ‘Distributable Custody Assets’ following court approval
Bankless – 5 Staking Opportunities for Beginners

Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
Poloniex will pay $7.6M settlement to US authorities for ‘apparent violations’ of sanctions
Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain
Bankrupt Crypto Exchange FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
DCG’s CFO Steps Down as Crypto Conglomerate Repays $350M Loan
Hamas to Stop Accepting Bitcoin Donations Due to Privacy Risk for Donors

*Live Mining Statistics*
Riot Platforms (RIOT), Marathon Digital (MARA) Could Face Hefty U.S. Crypto Mining Tax
Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government
Jack Dorsey’s nano Bitcoin mining chip heads to prototype
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in a year

Nation States (and other political jurisdictions)

NFTs / Metaverse / Web3 / DAOs
Nifty News: Pudgy Penguins signs with WME, Bitblox to make Web3 gambling games and more
Sotheby’s auction house launches on-chain secondary NFT marketplace
Sports Illustrated Launches NFT Ticketing Platform on Polygon
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text

Regulation, Legislation, Legal Matters & Taxation
U.S. SEC Changes Its Mind on Officially Labeling Digital Assets in Hedge Fund Regulation
SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
Crypto-linked Cross River Bank receives FDIC order
Nigeria’s SEC Plans to Allow Asset-Backed Tokens on Digital Exchanges But Not Crypto: Bloomberg
Binance Admits to Blocking Thousands of Iranian Accounts Needlessly Due To Sanctions

Number of Stablecoins Held on Exchanges Slips to 2-Year Low


Wall Street and Big Money
Bitcoin Worldwide (treasuries)*

Time Capsule

Outside News
Regional Bank Crisis Spreads To Big Banks As PacWest, US Bancorp Tumble, Stocks Dump Amid Widespread Liquidations
48% Of Americans Are Worried About Their Money’s Safety In US Banks, More Than During Peak Of 2008 Crisis

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

Services and apps that I use

Earn rebates paid in bitcoin by using the app to buy gift cards, and using the debit card for everyday purchases.


The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out bitcoin-backed loans

Send cash instantly around the world at no cost. 1% fee for buying bitcoin. Easily set up recurring buys.


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

lolli logo

Earn bitcoin when you shop online using Lolli

teepublic logo

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 

Exodus-Logo side

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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