03 May: Money in Mining

03 May: Money in Mining

By theinspired | Inspiration | 3 May 2023


"We learn nothing by being right."
 –Elizabeth Bibesco

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Happy Tuesday Folks! Yesterday, we learned that Coinbase is launching a new exchange overseas, Coinbase is getting sued for how they handle biometric data, and Bitcoin's price pulled back before it resumed it's push higher. The fear and greed index jumped to 64 and the best performing asset for the past 24 hours remains $MATIC up .63% in position #9. Let's get on to the news...

Trending News Topics:

  • Celsius
  • Bhutan Plans $500 Fund (3)
  • Bitcoin Miners Earn $50B (2)
  • $1B Bet Closed (2)

CRYPTO

Institutional Investors Sell Off Crypto Holdings Amid Fears of Coming Interest Rate Hikes.

Opinion: Crypto.com CEO Kris Marszalek Warns To Expect Pain as US Banking Crisis Unfolds

BITCOIN

Bitcoin forms ‘super bullish’ pattern. Bitcoin transactions reach record-breaking levels despite rising fees.

Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text. Bitcoin miners earned $50B from BTC block rewards, fees since 2010.(2) Bhutan plans $500 million Bitcoin mining fund with Jihan Wu's Bitdeer.(3)

Follow up: Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development.(2)

Opinion: Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols.

Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does not Signal End of Tightening; will It Continue or Fade?

STABLECOINS

TUSD Stablecoin Surpassed $1.20 on Binance Amid Increased Borrowing Pressure.

ALTCOINS

Opinion: Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee.(3)

LEGISLATION/REGULATION/TAXATION

White House Pushes for Punitive Tax on Crypto Mining.(2) US congressmen chide presidential advisers over crypto stances in economic report. Robert F. Kennedy Jr. Wades Further Into Crypto Following Anti-CBDC Remarks. Binance's Future Is in Jeopardy, Former SEC Official Says. SEC Hits Crypto Exchange Coinme With $4,000,000 in Fines for Alleged Securities Fraud. Nayib Bukele Signs Bill to Eliminate Technology Taxes in El Salvador.

LEGAL CASES

Bitcoin Miner Marathon Digital Sued: Investors Claim Inaccurate Figures. Celsius Network co-founder and former CEO Alex Mashinsky has moved to dismiss the New York State complaint against him that seeks to compensate everyone who lost money in the collapse of his crypto lender, which once held $30 billion in assets; Celsius Network Aims To Clean Up Books as Auction Resumes.(4)

WATCH

LISTEN

Podcast of the Day: Bringing 1 Billion People Into Crypto | TWOAS

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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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