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The TCB Weekly News Roundup, ending September 3, 2023 – Cleanup Time

By Just Brian on September 4, 2023 • ( 0 )

Advancement news in legal proceedings of BlockFi, DCG and a US-issued spot bitcoin ETF. And many reports worth a read.

Enjoy and be well, Everyone.

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The Week’s Posts
The Week in Videos ending September 3, 2023 – Banking and Devaluation

Reports:
“That’s Our Two Satoshis” - I Thought ETH Was Dead at $80

Charles Hughes Smith: Why Rome Collapsed: Lessons For the Present

Introducing the Chainlink Staking Platform: v0.2 Upgrade and Launch Details

Household Electricity Costs to Mine 1 Bitcoin at Home Globally – CoinGecko Report

This Week In Twitter

For tonight's homework, here are two Federal Reserve Bank of New York publications, both versions of "The Story of Inflation," from 1981 and 2010.

Note to Econ Majors: The pictures are already colored in.https://t.co/cFqtqXVRxi https://t.co/LC2Szts7Vq pic.twitter.com/dYA2tKniFe
— Rudy Havenstein, populist. (@RudyHavenstein) July 1, 2021

You know who is never included in policy discussions about moving the Fed's inflation mandate from 0% to a made-up 2% to a ridiculous 4%?

The 87% of wage earners who make less than $100k.@federalreserve @FSCDems @SenateBanking @FinancialCmte @BankingGOP https://t.co/RFqE2DhnKc pic.twitter.com/u79BnYZocZ
— Rudy Havenstein, populist. (@RudyHavenstein) February 23, 2023

PayPal USD (PYUSD) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh
— Coinbase Assets 🛡️ (@CoinbaseAssets) August 31, 2023

When we enter a true bull market in 2024, rallies will become longer and the pullbacks short and sharp.
— Weiss Crypto (@WeissCrypto) August 30, 2023

People will adopt bitcoin ( or the bitcoin protocol) when they are incentivized to do so. Always.#BitcoinWillEatTheWorld
— B. Rocks (@TinyCryptoBlog) August 30, 2023

🚨SHIB Founder connected to CCP, Wanxiang, Vitalik Buterin and more back in 2018 on-chain – 2 Years Prior to $SHIB's token launch 🚨

In this short thread, I'm going to lay out the proof that the SHIB Founder is closely related and connected to Crypto's biggest cartel 👇

🧵/8 pic.twitter.com/NnqFQ6XXQZ
— TruthLabs 🫡 (@BoringSleuth) September 1, 2023

https://t.co/yeSKHGSSZH https://t.co/FeAsEwMTst
— B. Rocks (@TinyCryptoBlog) September 1, 2023

"Do your little bit of good where you are; it's those little bits of good put together that overwhelm the world."

– Desmond Tutu
— Thoughts Are Seeds (@thoughtsRseeds) August 30, 2023

'Climate crisis' ideologues and anti-human weirdos always take over reasonable conservationist movements.
— ZUBY: (@ZubyMusic) August 30, 2023

Headlines

Adoption, Implementation and Infrastructure
–Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018
–Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains

CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*

COMMENTARY, GOSSIP and OPINION
–BitBoy Crypto brand will no longer include YouTuber Ben Armstrong
-[The way this is structured will not end well] – How to Use Friend.tech and the Friend.tech Airdrop | CoinGecko

COMPANIES & PROTOCOLS
–Ethereum’s Daily Transaction Fees Drops to 8-Month Low of $2.8M

CRIMES AND SCAMS

DEFI, CEFI, AND LENDING
**DeFi Scanner – check if a DeFi protocol is a scam**
–BlockFi’s Chapter 11 plan progresses with conditional court approval
–BlockFi asks court for permission to convert trade-only assets into stablecoins

Exchanges
–Bitcoin revenue per terahash nears record lows as hash rate soars
–Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC
–Binance’s Head of Product Mayur Kamat Departs
–Binance to ‘Gradually’ End Support for BUSD Products

Mining and Energy
*Live Mining Statistics*
*Bitcoin Mining Articles by Compass Mining*
-Nodal Power Raised $13 Million Seed Round to Mine Bitcoin at Landfills

Nation States (and other political jurisdictions)

NFTs / Metaverse / Web3 / DAOs
–SEC Issues First Enforcement Action Targeting NFTs

Regulation, Legislation, Legal Matters & Taxation
–DCG, Genesis Reach Critical In-Principle Deal With Creditors
–SEC charges podcaster in first unregistered securities sales claim against NFT offering
–Controversial Digital Euro Plan to Be Led by Architect of Landmark MiCA Crypto Law

STABLECOINS
–Lira-Backed TRYB Token Becomes World’s Second-Largest Non-Dollar-Pegged Stablecoin

Taxation

Wall Street and Big Money
*BitcoinTreasuries*
*Bitcoin Worldwide (treasuries)*
–BlackRock, Fidelity, Invesco Spot BTC ETF Application Decisions All Delayed by SEC
–GBTC Court Ruling Against SEC Clears the Path for Spot Bitcoin ETFs: Bernstein
–Shareholder campaign fights to reclaim customer bitcoin in grayscale lawsuit

Time Capsule

Outside News
–The Cost of Soup and Solar Panels is About to Increase, Thank President Biden
–Mystery Swirls Over Batch Of Thousands Of 2020 Voter Registration Forms In Michigan
–X, the Former Twitter, Has Licenses in Multiple U.S. States to Process Payments Including Crypto

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.

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

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

A good app. Abra has shut down US retail operations as of August 2023.

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