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- Bitcoin celebrates its 14th birthday and community celebrates Bitcoin Genesis Day by sending BTC to the Genesis block.(8)
- 3AC Co-Founder Su Zhu Alleges DCG and FTX conspired to attack LUNA and stETH; Crypto community calls him out. Also believes Genesis will go bankrupt(6)
- Bahamas regulator fires back in ongoing feud with new FTX leadership; denies asking crypto exchange FTX to mint new tokens.(4)
Tom Essaye, founder of Sevens Report Research, is watching three key areas to determine if and when the bear market is over: easing lockdowns in China, inflation peaks and the Federal Reserve hits peak hawkishness, and declining geopolitical tensions. Crypto technology will shift toward ‘steadier hands’ in 2023 says Dante Disparte Circle CSO. Public filings reveal a $3B crypto trader who still lives with his mom. Crypto trading firm Bernstein says returns from buying Crypto during downturns have been spectacular and believes that Binance is not likely to fail. Prevailing crypto winter wipes over 70,000 Bitcoin millionaires during entire 2022.
2022 paved the way for national Bitcoin adoption and 2023 will be even bigger. Bitcoin volatility may return in ‘catch up’ with gold in 2023. Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K, but Bitcoin, Ether are down alongside traditional markets as new year starts. Ukrainian pharmacies enable crypto payments via Binance Pay. Heatbit is the first space heater that mines Bitcoin, says Founder Alex Busarov. Luke Dash Jr. Bitcoin core developer’s BTC stash stolen, Binance CEO CZ promises to freeze hacker’s wallet if tracked.
Bitcoin miner Stronghold continues debt restructuring with convertible preferred share issuance.(2) Compass Mining wins $1.5M in lawsuit against hosting firm. Bitcoin miner Riot Platforms drops 'blockchain’ in rebrand. Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis; Industry players accumulated over $4 billion of debt in the last crypto run-up.
Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular.(2) Grayscale Ethereum Trust hits record -60% discount.(3) Tether de-pegs from $1 despite ongoing broader market jump. Strong bullish scenarios emerge for $XRP, will price rally in 2023? Machine learning algorithm sets $XRP price for January 31, 2023: $0.339721. XRP Ledger gets new amendment called CheckCashMakesTrustLine which is designed to automatically create a trust line to hold any XRPL token received via check.
Crypto community expects Cardano ($ADA) price to surge nearly 100% by January 31: $0.4958. Abra CEO Bill Barhydt believes Litecoin is ‘important.’(2) Litecoin Whale withdraws $32M in $LTC from Binance, good sign for rally? Maybe, one things for sure, Litecoin (LTC) trend is forming that could lead price to surge to $130.
Vitalik doesn't know for sure about the future of Solana but was told by ‘some smart people’ that Solana ‘has a bright future.’ Solana exec Austin Federa says platform still gaining new users despite FTX's Collapse.
Genesis-DCG loan leads to class action arbitration case from Gemini clients.(2) Legal troubles brewing at Digital Currency Group. This Twitter feud between self-proclaimed Satoshi Craig Wright and Ripple CTO David Schwartz continues to heat up more and more.(2) Ex-Bithumb Chairman Lee Jung-Hoon acquitted in South Korea $100M Crypto exchange fraud trial (3)
Sam Bankman-Fried pleads ‘not guilty’ to fraud, conspiracy charges.(4) Did the Bahamas really seize $3.5B in Crypto? FTX says no. Sam Bankman-Fried’s lawyers ask judge not to dox $250 Million bail sureties.(2) The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester. Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing.
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations.
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