Home › Weekly Headlines › The TCB Weekly News Roundup, ending May 14, 2023

The TCB Weekly News Roundup, ending May 14, 2023

By Brian in Chicago on May 14, 2023 • ( 0 )

You know the drill.

And if you’re in the United States, happy Mother’s Day.

Enjoy and be well, Everyone.

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

The Week’s Posts
The Week in Videos ending May 14, 2023

Reports:
NYDIG: Bitcoin’s Backlog is a Benefit to MinersA Weekly Digest of Bitcoin News & Insights

This Week In Twitter

Some advocate tight control of cryptocurrencies to prevent their use by criminals. But it isn’t just criminals who want privacy. So do dissidents and ordinary citizens. Governments harass their enemies and crush dissent by controlling bank accounts and payment platforms. Until we…
— Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023

The Scream https://t.co/fwCbwuZkwg pic.twitter.com/t7vleSA8cD
— naiive (@naiivememe) May 7, 2023

For generations, the Western financial system has been waging an invisible war on the world.

Alex has made it more visible. https://t.co/xCg07ZiHn3 pic.twitter.com/3lJwOXT0DN
— Balaji (@balajis) May 9, 2023

All signs continue to point towards currency #devaluation. https://t.co/TDjN5uH0n9 pic.twitter.com/vl9LgIMq4U
— B. Rocks (@TinyCryptoBlog) May 12, 2023

Imo, @RobertKennedyJr's speech at #Bitcoin2023 is the most impt. of his life. It'll reveal his underlying view of macro-economics, etc. There's a lag b.t money printing & inflation so odds are high the next Prez faces an existential dollar crisis. Hope he hits out of the park. https://t.co/JQJecnpays
— Sidney O. Smith III (@SidOSmith) May 13, 2023

😳 this is the Khmelnytsky ammunition depot in Ukraine. Yikes. pic.twitter.com/Njsu7HHBPQ
— Justin Hart (@justin_hart) May 14, 2023

What the pandemic showed was a basic principle of history:

During times of crisis, even the best and brightest panic, overhype, lose their cool, and cause more harm.

It is during this time that truth lies with outsiders. But this is also when it is hardest to listen to them.
— Kevin Bass PhD MS (@kevinnbass) May 14, 2023

Headlines

Adoption, Implementation and Infrastructure
–Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
–Crypto VCs made $2.6B worth of deals in the first quarter of 2023
–MetaMask rolls out ETH purchases via PayPal to US users
–Bull Bitcoin Launches No-KYC Purchasing
–MoonPay Launches App In More Than 130 Countries
–Stripe Launches Fiat-to-Crypto Onramp That Also Supports Bitcoin Purchases

Bitcoin 2023
–Bitcoin 2023 Is Robert F. Kennedy Jr.’s First Event As Presidential Candidate

CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
–Federal Reserve’s FedNow will connect with Metal Blockchain
–BIS issues comprehensive paper on offline CBDC payments
–North Carolina joins Florida in passing anti-CBDC legislation CBDCs

COMMENTARY/OPINION/GOSSIP
–Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s
–Memecoins are like Powerball for crypto fans: Matrixport exec [well said]
–Terra crash anniversary: Community reflects on the lessons learned
—Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct in Ira Kleiman case, U.S. Judge Says
–PayPal Customers Hold $500M Worth of Bitcoin On The Platform

COMPANIES & PROTOCOLS
–Lido Community Weighing On-Chain Vote to Deploy Version 2 on Ethereum
–Cardano Scaling Node Hydra Head Goes Live on Blockchain’s Mainnet
–BRC-20 tokens approach $1B market cap
–Bitcoin $BTC Activity on Ordinals Pushes Average Transaction Fee Over $7, Nearly 2-Year High
–Alpha Growing Bitcoin transactions highlight Lightning Network’s importance
–Ethereum validators earn a record $46M as staking rewards rate surges

CRIMES AND SCAMS
–Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar
–Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case
–BlockFi users to get back $297M from Wallet accounts: Report

DeFi CeFi and Lending
–This Week In DeFi – May 12

Exchanges
–Binance Announces Exit from Canada, Citing Regulatory Tensions
–Decentralized Exchange Uniswap Trading Volume Outpaces Coinbase for 4th Consecutive Month
–BITTREX INC. BITCOIN AND CRYPTO EXCHANGE FILES FOR CHAPTER 11 BANKRUPTCY
–Friday saw the sixth biggest outflow of Bitcoin from exchanges YTD
–Paxful Marketplace Comes Back Online Under Leadership By A Custodian

Mining
*Live Mining Statistics*
–Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale
–Marathon Digital and Zero Two To Develop Large-Scale Immersion Bitcoin Mining Facilities in Abu Dhabi

Nation States (and other political jurisdictions)

NFTs / Metaverse / Web3 / DAOs
–MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token
–Nifty News: Assassin’s Creed unveils ‘smart collectibles,’ MechaFightClub winds down and more

Regulation, Legislation, Legal Matters & Taxation
–House Democrats Consider New Stablecoin Bill Proposal: Source
–EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows
–Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs
–SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use
–How the IRS seized $10B worth of crypto using blockchain analytics
–Bitcoin miner Marathon Digital hit with another SEC subpoena
–DCG settlement with Genesis still undecided as 30-day mediation period proceeds
–IRS claiming $44B from FTX bankruptcy: Report
–HMRC Seeks Powers To Seize Bitcoin From Custodial Wallets

STABLECOINS
–Tether has $1.5B in Bitcoin reserves: BDO Italia

Taxation

Wall Street and Big Money
*BitcoinTreasuries*
*Bitcoin Worldwide (treasuries)*

Time Capsule

Outside News

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

Recommended Viewing

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.

SWAN BITCOIN – 1% FEE FOR BUYING BITCOIN AND EASILY SET UP RECURRING BUYS

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