02 Mar: Binance Back to Singapore

By theinspired | Inspiration | 2 Mar 2023


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Welcome to Thursday Folks! Bitcion is struggling to remain above $23.3K but that's the line it needs to hold. Slow news day again but let's get to it...

Trending News Topics:

  • Crypto companies back away from Silvergate(7)
  • Binance Custody to Singapore(4)
  • South Dakota trying to stop Bitcoin(3)

CRYPTO

Crypto Asset Investment Products’ AUM in February Reaches Highest Level Since May 2022.(2) 401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents.

BITCOIN & ETHEREUM

Fundamental Reasons to Be Bullish Despite the 66% Drop From Bitcoin’s ATH. Bitcoin halving pattern analysis: Can BTC reach $200,000 post-halving? Bitcoin Funding Rates Turn Negative As Whales Keep Selling. Bitcoin leverage ramps up as BTC's margin long-to-shorts ratio hits a record $2.5B high. 3 $BTC price hurdles Bitcoin bulls are failing to clear in 2023. Xapo Bank enables faster Bitcoin payments with Lightning Network.(2) Bullish or Bearish? A Closer Look at Bitcoin’s Historical Performance in March.

These Five Bitcoin Mining Stocks Outperformed BTC in February. 5 Bitcoin Builders: Realizing BTC’s Full Potential. Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley. Bitcoin Miner Marathon Digital Sold Almost All Bitcoin Mined in February. Bitcoin Miner Riot Delays 10-K Filing Due to Impairment Calculation Issues. Bitcoin miner Riot reports rising output, triples hashrate in 2022.

Post-Shanghai upgrade; How will Ethereum’s price react? Ethereum’s Shanghai Upgrade Will Not Crash Ether Price, Analysts Say. Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,700 and Ethereum eyes 25% correction in March, but ETH price bulls have a silver lining. Top Whales Accumulate $40,000,000,000 in Ethereum, Shattering Seven-Year Record: Santiment.(2) Ethereum developers deploy "EntryPoint" to let wallets operate as smart contracts. Ethereum Devs Confirm ETH Staking Withdrawals Pushed to April.(5) Vitalik Buterin Says More Needs To Be Done To Improve Ethereum’s (ETH) User Experience.

STABLECOINS

Binance USD (BUSD) Supply Slumped 60% Since SEC Enforcement Action.(2)

ALTCOINS

Ripple’s Stuart Alderoty Outlines Three Possible Outcomes in Ongoing Lawsuit with SEC. Cardano Voltaire Era to Be Launched Following Three Major Steps. Key Dogecoin price levels to watch in March as $DOGE gains traction: $0.086. Dogecoin Is Outperforming the Altcoin Market in One Metric, According to Crypto Analytics Firm IntoTheBlock. Polygon Helps Brazilian Digital Bank Launch Nucoin Crypto to 70M Customers.(2)

Binance Announces Support For New African Currencies Without Third Parties

EXCHANGES

Coinbase Turns to Europe as It Loses Market Share and Switches to Signature Bank From Silvergate for Prime Customers; more jump ship.(7) Binance's Custody Arm Ceffu Will Apply for Singapore License.(4) UK banks HSBC, Nationwide to ban crypto purchases with credit cards. Grayscale CEO Michael Sonnenshein Updates Crypto Market Outlook, Names One Thing He’s Excited About.

LEGISLATION/REGULATION

South Dakota proposes bill to change definition of money to exclude Bitcoin.(2) Club for Growth asks South Dakota governor to veto bill that says bitcoin isn't money. Offshoring Crypto Hurts US Financial System Laments Coinbase CEO Brian Armstrong. Binance a 'Hotbed of Illegal Financial Activity,' Senators Claim: WSJ. SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians.'(2) Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets.

LEGAL ISSUES

Celsius creditors tout NovaWulf deal as ‘best’ option. BlockFi execs, Gemini named in lawsuit by disgruntled investor. SEC v. Ripple: XRP Lawsuit to Be Resolved This Year, CEO Says. FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers.(2)

ATTACKS/HACKS/SCAMS

Scam as a Service’ Provider Monkey Drainer Closes Up Shop.(3) Scam alert: Trezor warns users of new phishing attack. Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public.

WATCH

LISTEN

Podcast of the Day: The Future of Bitcoin Banking with Eric Yakes | What Bitcoin Did

Other Podcast

  • Decentralized Social Apps, "Zapping" and Bitcoin being Generational Wealth - March 1st, 2023 | The Cafe Bitcoin Podcast
  • The Vise Tightens on SBF as Former FTX Engineering Head Nishad Singh Pleads Guilty | The Breakdown
  • Mar 1: Nishad Singh Pleads Guilty | gm
  • Freedom Money w/ Jeanine, Abubakar, Mills and Matt Odell | Bitcoin Magazine

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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