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$BTC Weekly Timing Where Low "Could" Be In FIBOSWANNY
BREAKING:
- CEO of Crypto News Site The Block Resigns After Failing to Disclose Funding from Sam Bankman-Fried (UToday | Cointelegraph | BM | TB | Coindesk | Bitcoinist)
READ
It's Fridayyyy Folks! What a week it's been. Yesterday most covered news was Ethreum's upcoming fork (Shanghai) and what is included, as well as those who staked ETH can have access in March of 2023. In addition, Celsius returning customer funds as ordered by the judge, Binance being over collateralized, and Grayscale's GBTC discount to NAV hits all-time low of 47%.
Today, the stablecoin wars heat up as Coinbase urges users to convert their USDT to USDC. As always there is continued drama around FTX and you can watch the Altcoin Daily video to get all caught up or read the news below.
WATCH
LISTEN
Podcast of the Day: Finding Sustainable Yield in Life and Crypto with Julian Koh of Ribbon Finance | The Charlie Shrem Show
Other Podcasts
- Weekly Roundup 12/08/22 (FTX’s Venture Portfolio, SBF’s mining investment, BlockFi retrospective) | On The Brink
- ROLLUP: Coinbase vs Apple | Crypto Market Bottom Signals | Genesis Fallout | SBF Scandal | Reddit NFTs | Bankless
- Sherrod Brown Tells SBF, ‘Show Up or Get Subpoenaed’ | The Breakdown
- What’s Next For Crypto After The FTX Scam? Alex Tapscott (Ninepoint Partners), Dean Skurka (WonderFi), and Dan Roberts (Decrypt) | The Wolf Of All Streets
- Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years | Unchained
- Bitcoin is a Pioneer Species with Brandon Quittem | What Bitcoin Did
SOURCES
CRYPTO MARKET
- Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin – Watch Out For The Dot Plot (NewsBTC)
- Former White House Adviser: Biden's Executive Order on Crypto Is 'Balanced' but ‘Gaps’ Remain (Coindesk)
- Approach with caution: US banking regulator’s crypto warning (Cointelegraph)
- You Cannot Disregard $BTC and $ETH Just Because FTX Was a Scam, Says ‘Wolf of Wall Street’ (Cryptoglobe)
- On-Chain Analyst Willy Woo Says One Catalyst Will Draw High Net Worth Investors to Crypto (TDH | Coindesk)
- What Paul Krugman gets wrong about crypto (Cointelegraph)
- Nearly All Cryptocurrencies To Be Regulated As Securities, Says CEO of NYSE’s Parent Company (TDH)
-
US Treasury’s OCC Says Crypto’s ‘Interconnectedness’ Is a Problem (Blockworks)
BTC
Price
- Bitcoin Bloodbath: Holders Realized $213 Billion In Total Losses Over Past Year (Bitcoinist)
- Bitcoin trades above $17,000 as Coinbase leads sell-off in crypto stocks (TB | Cointelegraph)
- Is the Bitcoin (BTC) Price Bottom Now Finally in Sight? (BIC)
- A year after Taproot, Bitcoin community works to unlock its DeFi potential (Cointelegraph)
Mining
- Bitcoin miner 360 Mining raises $2.25 million as it scales natural gas production (TB)
- Bitcoin mining project in Kenya helps power rural community (Cointelegraph)
- Data shows the Bitcoin mining bear market has a ways to go (Cointelegraph)
- New US bill would require crypto miners to report greenhouse gas emissions (TB)
- Bitcoin mining report: TeraWulf, Core Scientific among top performers (TB)
Lightning
- Bitcoin's Lightning Network Could Be Getting a Privacy Upgrade (Coindesk)
Voices
- Arthur Hayes Explains Why Bitcoin Has Likely Bottomed Out (UToday | Cointelegraph)
- Billionaire Tim Draper Says Bitcoin (BTC) Will Make El Salvador One of the Richest Nations on Earth (TDH)
ETH
- Ethereum Bullish Signal: Whales And Sharks Continue To Add To Their Holdings (NewsBTC | TDH | ZyCrypto)
USDT/USDC
- Coinbase Wants You to Convert Your $USDT to $USDC (Cryptoglobe | CryptoPotato | Bitcoinist | BIC | Cointelegraph | TB | ZyCrypto | Blockworks | TDH)
XRP
- Former Ripple Executive Comments on XRP Price Chart (UToday)
- Is This the XRP Price Move We’ve All Been Waiting For? (BIC)
- $XRP: Crypto Analyst Explains Why He ‘Really’ Hopes Ripple Wins Against SEC (Cryptoglobe | UToday)
- Matt Hamilton Explains to American Lawyer Why $XRP Has ‘Such a Royal Army’ (Cryptoglobe)
DOGE
- $DOGE: Tesla CEO Elon Musk’s Love Affair With Dogecoin (Cryptoglobe)
ADA
- Charles Hoskinson Outlines New Privacy Protocol Coming to Cardano (ADA) Ecosystem (TDH)
- Cardano adds over 20,000 new staking addresses on average monthly for over a year (Finbold)
- Cardano Mainly Hated by These 3 Groups on Twitter: Prominent ADA-Focused Account (UToday)
MATIC
LTC
- How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department (NewsBTC)
LEGAL BATTLES
- Lawsuit Against Grayscale Likely To Drag On, Attorney Says (Blockworks)
FTX FIASCO
- FTX founder Sam Bankman-Fried says he’s ‘willing to testify’ on December 13 (Finbold | TB | TDH | CryptoPotato | TDH | Cointelegraph)
- Bankman-Fried rejects claims that Alameda crashed luna to sink 3AC (TB | Decrypt)
- FTX Drama Goes On: SBF and Zhu Su Trade Blows Over Alleged Media Control (CryptoPotato)
- 7 class action lawsuits have been filed against SBF so far, records show (Cointelegraph)
- FTX reportedly gets 3 more months to stop all operations in Japan (Cointelegraph | TB | Bitcoinist)
- FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents' (Cointelegraph)
- Two US Senators Demand Answers From US Regulators on Banking Sector’s Exposure to Crypto (TDH)
- Three Arrows Capital co-founder says it wasn’t luna that took it out, but FTX (TB)
- News organizations seek to unmask anonymous FTX creditors (TB)
