Repeat after me: “the regulatory environment is in the US is hostile.”
Binance agrees to settlement, Kraken is hit with [fabricated] charges by the SEC, more firms announce they are shutting down operations in the United States…you get the idea.
What we’re seeing here is the repression of financial sovereignty by the current actors in finance. Whether there’s any malicious intent remains to be seen, but this one can likely be chalked up to capture by the motivations and incentives of the financial houses and the regulatory agencies. Sucks.
I’m glad there’s jurisdictional arbitrage that will allow development, adoption and implementation to continue.
Know your threat vectors and be mindful of potential outcomes. Act accordingly.
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The Week’s Posts
Reports:
This Week In Twitter
Headlines
Adoption, Implementation and Infrastructure
–Austria’s Raiffeisen Bank to Roll Out Crypto Trading for Retail Customers in January
–Wallet of Satoshi to Stop Serving Customers in the United States
–Standard Chartered Investment Arm SC Ventures Launches Tokenization Platform
CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
COMMENTARY, GOSSIP and OPINION
–Chinese Bitcoin Mines: A Threat To US National Security
–Thoughts on the Big Bad Binance Settlement
–Crypto Market Sees Net Capital Inflows for First Time Since May 2022
COMPANIES & PROTOCOLS
–JPMorgan, Apollo Tokenize Funds in ‘Proof of Concept’ With Axelar, Oasis, Provenance [pics, or it didn’t happen]
CRIMES AND SCAMS
–
DEFI, CEFI, AND LENDING
**DeFi Scanner – check if a DeFi protocol is a scam**
Exchanges
–Bittrex Global to halt all trading in December as closure extends globally [this exchange had one of the better user experiences, in my book]
Mining and Energy
*Live Mining Statistics*
*Bitcoin Mining Articles by Compass Mining*
–A Nuclear Renaissance Is The Best Path Forward | ZeroHedge
–F2Pool Is Likely Filtering OFAC-Sanctioned Transactions – Report
Nation States (and other political jurisdictions)
NFTs / Metaverse / Web3 / DAOs
Regulation, Legislation, Legal Matters & Taxation
–Swan Bitcoin to terminate customer accounts that use crypto-mixing services [slow regulatory strangulation]
–Australia Updates its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
–CZ Pleads Guilty, Steps Down as CEO of Binance in $4.3 Billion Settlement with DOJ
–The IRS Is Making Crypto Compliance Impossible
–Genesis Seeks Court Approval to Pay $33M to Settle $1B 3AC Claims
STABLECOINS
–Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Wall Street and Big Money
*BitcoinTreasuries*
*Bitcoin Worldwide (treasuries)*
–SEC Still ‘Quite Likely’ to Reject BTC ETF Applications, BitGo’s Belshe Says
–First Mover Americas: Grayscale’s GBTC Discount Narrows to 10%
–Grayscale’s GBTC Discount to NAV At Narrowest Since July 2021 on ETF Optimism
–Grayscale files updated Bitcoin ETF prospectus days after talks with U.S. SEC
Time Capsule
–Bitcoin: Addresses Holding > X BTC by Year
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
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Changelly is a good option for exchanging coins without having to use an exchange
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Categories: Weekly Headlines
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