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MUST READ: Bitcoin is Not a Hedge by Parker Lewis
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- SEC say not so fast to Binance US acquisition of Voyager Digital and Alameda agrees.(7)
- US Government to seize $465M worth of Robinhood shares linked to SBF (6)
- Crypto bank Juno urges customers to self-custody after reports of Wyre shuttering.(5)
- SEC charges eight for $45 million CoinDeal blockchain fraud scheme.(4)
Top US Regulators (OCC and FDIC) warn American Banks to keep an eye on Crypto-related risks. CME Crypto trading volume slumped to two-year low in December. Arcane Research believes investors should pay attention to the ongoing financial distress related to Digital Currency Group (DCG) as the outcome could severely impact crypto markets.(2) However, there are some catalyst that can kick start a bull run in 2023: Fed stopping rate hikes, dollar dominance decline, Bitcoin as legal tender, regulation, etc.
Harvard Kennedy School professor Bruce Schneier proposes to tax crypto over environmental damage. Ex-State Street Digital Head Nadine Chakar to lead RegTech Blockchain startup Securrency.(2) ECB executive wants crypto regulated like gambling due to ‘speculative nature.’ French Central Bank head Governor Francois Villeroy de Galhau wants Crypto licensing ahead of MiCA standards.(2) Quantum computers may soon breach blockchain cryptography.
Short-term Bitcoin rally loses steam, uncertainty to dominate price action? Meanwhile, ‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst Charles Edwards.(2) Bitcoin MVRV ratio falling to three-year lows could be a bottom signal; also when social media discuss Bitcoin more the markets take off. Bitcoin miner Marathon closes 2022 with $103.7 million cash after paying down debt and pays off Silvergate revolving credit.
Bitcoin supporters organized a 'bank run' on Crypto exchanges on Tuesday which was known as "Proof of Keys" day which was started by Trace Mayer; who has since gone silent in the Crypto community. For the U.S., Bitcoin is a national security opportunity, not a threat. "Bitcoin is the natural reaction to the scam of Central Banks," says an Argentina 2023 Presidential Candidate Javier Gerardo Milei.
Ethereum surges 4% as Whales show elevated activity. Bloomberg Strategist Mike McGlone on $ETH vs $BTC: “Ethereum’s upper hand could be enduring.” Binance Coin (BNB) price buoyed by news of Acquisition of Gopax. Jim Cramer issues warning on Binance. American lawyer John Deaton says SEC’s lawsuit against ripple is not “about securities laws.” Cardano enters top 10 most spent Crypto in commerce In 2022. Declining demand for Binance's BUSD represents new chapter in Stablecoin wars. Litecoin and Dogecoin see mining surge after prices rise post-merge.
Crypto exchange Gemini is over three months late in filing its UK accounts. Vauld rejects Nexo's 'final' acquisition proposal, questions company's solvency.(3)
US Congress investigations into FTX are in limbo without a House Speaker. Magic Eden to refund users after 25 fake y00ts NFTs sold due to exploit.(2) Former FTX lawyer Daniel Friedberg cooperates with US authorities in SBF case.(4) News startup Semafor to return funds linked to FTX founder. Senator who spearheaded SBF-backed crypto bill to retire. Anyone who took money from FTX ought to repay it. Three Arrows Capital founders subpoenaed on Twitter.(2) Crypto lender Genesis lays off 30% more of its staff.(2) Former Celsius CEO Mashinsky sued by New York State for defrauding investors.(4) Judge rules Celsius earn account funds belong to estate, not users; not "enough value" left to repay customers.
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.
WATCH
LISTEN
Podcast of the Day: Will Institutions Finally Adopt Crypto In 2023? | Robert Alcorn, Clearpool | The Wolf of All Streets
Other Podcast
- SBF Pleads Not Guilty; Trial Set for October | The Breakdown
- Read_689 - The Rediscovery of Money [dergigi] | Bitcoin Audible
- #1142 Michael Shellenberger | Bitcoin Debate | The Pomp Podcast
- Jan 4: SBF Pleads Not Guilty… oh and Porn on Magic Eden | Decrypt Daily
- What's the Point of Securities Laws? with Mike Selig | Bankless
- DCG/Genesis and GBTC with Tone Vays, Joe Carlasare, Greg Foss and Sam Callahan - January 4th, 2023 | Cafe Bitcoin
