08 Feb: Bitcoin Stumbles as Burry Bumbles

"Curiosity will conquer fear even more than bravery will."
 –Alfred A. Montapert

Powered by LifeLine - The Power of Prevention

Follow Dat Money | Crypto Projections


Guess what day it is folks? Humpday! This is not the time to get sleepy on the Crypto market because something is brewing and you need to remain vigilant. This market is going to make a big move one way or the other, which it is I dunno. Michael Burry is bumbling about this time is different so pay attention. I will have enough at play to move the needle and will keep dry powder to deploy if this thing craps the bed. Let's get to the news...

Trending News Topics:

  • Bitcoin Stumbles and Burry Bumbles
  • Solana scores a new integration with Brave Browser
  • SEC is scrutinizing Crypto

Skepticism reigns over Crypto market while Bitcoin takes off as Crypto derivative volumes saw speedy growth as prices rose in January. $300 billion inflows global crypto market in 2023; Is the rally sustainable? 'Big Short' hero Michael Burry back after failed bearish call; reiterates it's time to sell. Deutsche Bank in talks to invest in 2 German Crypto firms.

Bitcoin bulls stumble at $23.4K as Fed’s ‘disinflation’ sparks BTC price rally. But, Bitcoin Golden cross could see $BTC move to $25,000 in ‘nail in the coffin’ for bears. Happy Bitcoin anniversary, Tesla — Elon Musk firm still hodls 9.7K $BTC. February could be Bitcoin’s most important month in 2023. The Bitcoin ($BTC) rally hits obstacle but supply squeeze could cause surge in price.

Argo Blockchain mined 14% more bitcoin in January than December. Bitcoin miner Digihost completes controversial power plant acquisition, doubling energy capacity. Capital of Bosnia and Herzegovina gets its first Bitcoin ATM despite lack of regulation. Bitcoin ATM operator Coin Cloud files for bankruptcy with liabilities of $100M-$500M.(3)

Ethereum gas price spikes 29% in January as user activity grows. ConsenSys founder Joe Lubin 'bullish' on Ethereum following crypto winter performance. Crypto community with 82% historical accuracy sets Ethereum price for February 28, 2023: $1,542.

Cardano ($ADA) may rally 40% if this scenario repeats itself. Cardano launches EVM-compatible sidechain public testnet.(2) Crypto community with 74% historical accuracy sets $DOGE price for February 28, 2023: $0.08841. Polygon ($MATIC) up 19%, is Polygon on track to flip Dogecoin (DOGE)?

Solana ($SOL) scores new integration with Brave browser; it can boost price.(4) Is a partnership with Mastercard enough to keep Litecoin price above $100?

Binance APAC Head Leon Foong suggests full audit of the Crypto exchange isn't happening soon. Bitcoin volume on exchanges plunges, Binance’s dominance reaches ATH. Binance is organizing a consortium to try to rebuild trust in Crypto. Aspiring Crypto Bank’s plight shows Binance’s issues are just part of the story. Crypto exchange Bitstamp registers in France.

SEC to up scrutiny of firms offering or giving advice about crypto.(4) Will the SEC convince a court it’s right to label these tokens as securities? CoinGecko and 21Shares propose global crypto classification standard.(3) UK Crypto firms and regulator blame each other for industry exodus. Argentina's National Securities Commission to set requirements and rules for Crypto companies.

Kyle Davies has 'chosen to ignore his duties' to 3AC after rare Twitter subpoena.(3) Dubai prohibits privacy coins like Zcash and Monero under new Crypto rules. Craig Wright loses Bitcoin copyright claim in UK court.

FTX Bankruptcy judge allows company to subpoena founder Bankman-Fried, other 'insiders.' FTX lawyers Sullivan & Cromwell bill $7.5M for first 19 day's bankruptcy work.(2) Voyager subpoenas FTX and Alameda execs as judge orders fee examiner. SBF lobbied Congress to benefit FTX, not Crypto, says Kristin Smith Blockchain Exec. $4 Million in Ethereum ($ETH) being actively laundered by North Korean hackers now: FBI Report.

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. Thanks again for reading, watching, and listening with me.



Podcast of the Day: Read_698 - An Orange Pill for Bitcoiners [Austin Herbert] | Bitcoin Audible

Other Podcast

  • The Fed’s Hawkish Walk Back | The Breakdown
  • Bitcoin Miners Are Back Amid Crypto Rally | Bloomberg Crypto
  • Feb 7: Judge in SBF Case is Making a HUGE Mistake | gm
  • BTC116: Bitcoin Ordinals and NFTs on Layer 1 of the Protocol w/ Pierre Rochard | Bitcoin Fundamentals
  • "A Sly Roundabout Way" - A Bitcoin Film with Carlos, Javier, Jonatan, Raul and Gloriana - February 7th, 2023 | The Cafe Bitcoin Podcast

How do you rate this article?



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. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.

The Crypto Curator
The Crypto Curator

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!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.