Home › Weekly Headlines › The TCB Weekly News Roundup – Signals from 10,000 feet. February 4, 2024.

The TCB Weekly News Roundup – Signals from 10,000 feet. February 4, 2024.

By Just Brian on February 4, 2024 • ( 0 )

News has been on the quiet side this week. Focus has been on bitcoin ETF stats (inflows and outflows are starting into a normalized range,) and we also have news on the post ’21-’22 company crashes.

Enjoy and be well, Everyone.

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The Week’s Posts

Reports:
What is a CoinJoin and how do they work?

–Incentives Are Everything – Mark E. Jeftovic is The Bombthrowe

A Bitcoin Standard Unleashed

Did you know Bitfinex was supposed to be audited?

This Week In Twitter

If you came to Bitcoin recently and are excited about buying cat NFTs for collectible value, I recommend reading the history of CryptoKitties, which was one of the first popular NFT projects on Eth in 2017.

“Those that fail to learn from history are doomed to repeat it.”
— Yan | swan.com (@skwp) February 1, 2024

Someone just moved 35,049 #BTC worth $1.5 billion for a transaction fee of $3.21

The magic of #Bitcoin ✨ pic.twitter.com/emSP5dZ160
— Bitcoin Magazine (@BitcoinMagazine) January 31, 2024

Itsa coming☠️
Rare cicada emergence to affect Illinois this springhttps://t.co/V2Xy5rEO0h
— B. Rocks (@TinyCryptoBlog) February 2, 2024

Headlines

Adoption, Implementation and Infrastructure
–Hong Kong SFC receives first spot Bitcoin ETF application
-MetaMask: Visa enables crypto withdrawals on debit cards in 145 countries
–Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg

CBDCs (are just Surveillance Tokens)
*CBDC Tracker 1*
*CBDC Tracker 2*
–Japan to resolve CBDC issuance legalities by Q2 2024
–India CBDC Insider Reveals Current Stance of Country’s Central Bank

COMMENTARY, GOSSIP and OPINION
–Time to End Craig Wright’s Harassment Campaign Against Bitcoin Devs
–Bitcoin ETF ads may appear on Google starting Monday, community speculates
–Former UK Chancellor George Osborne Joins Coinbase as Adviser
–Ether Could Hit $4,000 With Likely Spot ETH ETF Approval in May: Standard Chartered

COMPANIES & PROTOCOLS
–Ethereum closes in on Dencun mainnet following Sepolia activation

CRIMES AND SCAMS
–FTX Expects to Pay Crypto Customers in Full, Won’t Restart Exchange
–Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
–Bankrupt crypto lender Genesis seeks approval to sell $1.6B of trust assets
–Stolen crypto worth $674M successfully recovered in 2023

DEFI, CEFI, AND LENDING
**DeFi Scanner – check if a DeFi protocol is a scam**

Exchanges

Mining and Energy
*Live Mining Statistics*
*Bitcoin Mining Articles by Compass Mining*
–US Department of Energy Announced an ‘Emergency’ Data Collection Initiative Targeting US Bitcoin Miners
–Celsius’ Bitcoin Mining Assets to Restart as New Firm Prepares to Go Public

Mining stats via NOBSBitcoin
-Bitcoin mining difficulty has reached a new all-time high of 75.5T after rising 7.34%
-The network’s hashrate (7 day SMA) has exploded upwards in the recent days and is currently reaching ~549 EH/s

Nation States (and other political jurisdictions)
–Argentina’s Milei Scraps Proposed Bitcoin Tax Law Aimed at Incentivizing Citizens to Declare Their Holdings

NFTs / Metaverse / Web3 / DAOs

Regulation, Legislation, Legal Matters & Taxation
–Genesis reaches $21M settlement with SEC over Gemini Earn program

STABLECOINS
–Circle’s USDC token will go native on Celo blockchain, pay for gas
–Tether posted record $2.85B profit in Q4, driven by T-bills

Taxation

Wall Street and Big Money
*BitcoinTreasuries*
*Bitcoin Worldwide (treasuries)*
–GBTC outflows drop 70% from peak as Bitcoin exchanges shed BTC
–BlackRock and ProShares Bitcoin ETFs overtake GBTC’s daily trading volume
–BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50%
–Fidelity Bitcoin ETF rakes in reported $208M, offsetting Grayscale outflows alone
–GBTC outflows drop 70% from peak as Bitcoin exchanges shed BTC
–Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move