09 May: LFG Defends $UST Peg


“Don't give up, the beginning is always the hardest.”
-Unknown

--NO TAX ON CRYPTO PROFITS!-- 

Happy Monday Folks! Yeah what's so happy amidst the carnage? What goes down does come back up as hard as it is to believe for many of you. All you see is blood but as they say, BUY when there is blood in the street, even if it's your own. LFG is lending out Bitcoin (they have not sold) to keep the peg to $UST; let's see if it hold. Even with the bad market, there is a significant amount of building and adoption still happening - which should tell you something right? Listen to the Crypto Conversation as they talk LOG scale and Watch the What Bitcoin Did as Junseth talks about Bitcoin & absolute freedom.

MOST COVERED

CRTYPO MARKET WATCH

  • Coinbase stock price falls more than 20% to hit record low as US equities continue decline (TB | BIC)
  • Crypto Products See Inflows Despite Sinking Market (BIC)
  • Pro traders adopt a hands-off approach as Bitcoin price explores new lows (Cointelegraph)
  • In Industry First, S&P Gives Compound Prime Junk Credit Rating (Blockworks | Decrypt)
  • Crypto Traders Lost $421 Million In Liquidations For The Past 24 Hours (NewsBTC)
  • What Is Bitcoin Pizza Day, And Why Does The Community Celebrate On May 22? (Forbes)
  • Bitcoin and Ethereum Down Over 50% From All-Time Highs (Decrypt)
  • Investors Turn Away from Crypto as Interest Rates Rise and Bitcoin Falls (BIC)
  • Crypto Market Forecast: Week of May 9th 2022 (BN)
  • Mass Liquidations Hit Traders as Crypto Market Takes a Tumble (BIC | CryptoPotato)
  • Crypto, like railways, is among the world’s top innovations of the millennium (Cointelegraph)
  • ‘Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche (Forbes | Bitcoinist)
  • You and Whose Army? The Many Maxi Militias of the Crypto World (Decrypt)
  • Crypto Brings Transparency, But Crypto Reporting Needs To Catch Up (Forbes)
  • Warren Buffett’s Advice for Beating Inflation is Actually the Key to Bitcoin’s Success (Opinion) (CryptoPotato)

BITCOIN

  • Bitcoin's price is down over 50% from November all-time highs amid crypto market compression (TB | Trustnodes)
  • 3 Possible Reasons For Bitcoin’s $6K Weekly Crash (CryptoPotato)
  • First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week (Cointelegraph)
  • Bitcoin (BTC) Creates Sixth Consecutive Bearish Weekly Candlestick for First Time Since 2014 (BIC)
  • Bitcoin whales jumping ship as exchange inflows reach 3-month high (Cointelegraph)
  • TA: Bitcoin Downtrend Intact, Why The Bears Might Aim $32K (NewsBTC | NewsBTC)
  • Bitcoin sets news 2022 lows as analyst says trip to $24K realized price 'entirely possible' (Cointelegraph | Cryptoglobe)
  • Bitcoin Retrace to $33,900 Could Be Sign of "Truly Notable Bounce" Coming: Santiment (UToday)
  • Bitcoin transaction volume is gaining momentum despite choppy markets, data shows (Finbold)

ALTCOINS

  • Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT (Cointelegraph)
  • Ethereum ($ETH) (Finbold)
  • Cardano ($ADA) (ZyCrypto | UToday)
  • Dogecoin ($DOGE) (UToday)
  • Anchor ($ANC) (Cointelegraph)
  • Monero ($XMR) (Cointelegraph)
  • Curve ($CRV) (BIC)
  • Lido DAO ($LDO) (Cryptoglobe)
  • BakeryToken ($BAKE) (BIC)
  • Dash ($DASH) (Cointelegraph)
  • Hathor ($HTR) (BIC)
  • Digital Asset Exchange Crypto.com Makes Three Little-Known Altcoins ($AKT $FLUX $KRL) Available for Trading (TDH)
  • Whales Are Quiety Accumulating ApeCoin, Loopring and Five Additional Ethereum-Based Altcoins, According to WhaleStats (TDH)

CBDCs/STABLECOINS

  • 90% of Central Banks Explore Launching CBDCs (BIS Survey) (CryptoPotato | BIC)
  • Cardano Set to Onboard Game-Changing Algorithmic Stablecoins, Rivaling Terra’s UST (ZyCrypto | TDH)
  • Tron DAO Buys $39M Worth of TRX as Reserves for its USDD Stablecoin Whose Circulating Supply Has Exceeded $200M (EWN)
  • China’s Digital Yuan Rolled out on Transport Networks in Major Cities (BIC)
  • Federal Reserve says stablecoins are 'prone to runs' in new financial stability report (TB)
  • IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC (Cointelegraph)

ANALYST'S CORNER

  • Alkesh Shah and Andrew Moss: Bitcoin ($BTC) Has Been Failing as an Inflation Hedge, Bank of America Analysts Say (Cryptoglobe)
  • Cantering Clark: Top Trader Predicts Imminent Bounce Across Crypto Markets, Says Macro Data Could Offer Relief for Bulls (TDH)
  • Benjamin Cowen: Lengthening Cycles are Dead. End of a Great Narrative? (BIC)
  • Tone Vays: Veteran Trader Tone Vays Says Bitcoin Looks Terrible, Unveils Price Target and Date for BTC Bottom (TDH)
  • Credible: Top Crypto Analyst Issues Warning to Bitcoin Traders, Says BTC Flush Below $30,000 Imminent (TDH)
  • Meltem Demirors: Chief strategist warns governments planning to implement ‘de facto’ Bitcoin ban (Finbold)
  • Capo: Top Trader Capo Issues Warning About Bitcoin (BTC) and Altcoins As Crypto Markets Suffer Downtick in Price (TDH)
  • Nicholas Merten: Here’s the Worst-Case Scenario for Bitcoin (BTC) Amid Crypto Market Tumble, According to Analyst Nicholas Merten (TDH)
  • Timothy Peterson: Bitcoin Could Find a Floor at $28k – BTC Analyst (EWN)
  • Michael van de Poppe: Is Bitcoin Hurtling Towards $30,000? Top Crypto Trader Outlines Possible Scenarios for BTC After Price Dip (TDH)
  • Coin Bureau: Here’s Why the U.S. SEC Is Going After Ripple and XRP (Cryptoglobe)
  • Altcoin Sherpa: Top Trader Says Solana (SOL), Polygon (MATIC) and Two Ethereum Rivals in Massive Danger if Support Crumbles (TDH)
  • Carol Alexander: Fintech specialists expect XRP to soar to $2.55 by December 2022 – if Ripple wins or settles (Finbold)
  • Michael Safai: Serious ‘Ripple’ Warning After Massive $400 Billion Crypto Crash Suddenly Plunges Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Terra’s Luna And Avalanche Into Free Fall (Forbes)

NOTABLE VOICES

  • Kevin Sekniqi: Avalanche (AVAX) Co-Founder Predicts Bitcoin (BTC) Loses Its Supremacy – Here’s When (TDH)
  • Samson Mow: These Are the Next Countries That Could Adopt BTC, According to Veteran Bitcoiner Samson Mow (TDH)
  • CK Zheng: Gone Crypto: TradFi Vet Who Started Crypto Hedge Fund Talks Future of the Space (Blockworks)
  • Brock Pierce: Crypto Billionaire Says Bitcoin (BTC) Will Either Crash to Zero or Explode to $1,000,000 (TDH | Cryptoglobe)
  • John Wu: Why Avalanche Is the Killer App for NFT Games: Ava Labs President (Decrypt)
  • Rob Liefeld: Deadpool Creator Says He’s Like ‘A Walking NFT’ (Bitcoinist)
  • Billy Markus: Dogecoin Co-Creator Explains What the Best Use Case for $DOGE Is (Cryptoglobe)
  • Robert Kiyosaki: ‘Rich Dad Pood Dad’ Author Says ‘Biggest Depression Ever’ Might Have Started (Cryptoglobe)

ACCEPTANCE/ADOPTION

  • Massachusetts-based Bentley University Now Accepting Bitcoin And Ethereum For Tuition Payments (ZyCrypto)
  • 455 Million WordPress Websites Can Now Accept Dogecoin, Here's How (UToday)
  • Crypto Bets: A Wider Array of Altcoins are Being Used (BIC)
  • Question of centralization faces growing crypto insurance industry (Cointelegraph)
  • Indian central securities depository to back up its monitoring of bonds by blockchain (Cointelegraph)
  • Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency (Bitcoinist)
  • From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya (Cointelegraph)

ETFs/FUNDs

  • Crypto hedge fund start-up Pangea to focus on 'long only’ strategy: Bloomberg (TB)

WEB 3

  • NFT Collectors Sent $37,000,000,000 to Marketplaces in Just the First Four Months of This Year: Chainalysis (TDH)
  • Starbucks Employee Tells Top Exec He’s ‘Very Worried’ About Plan for NFTs (Decrypt)
  • Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece (Cointelegraph)
  • Bored Ape Yacht Club, Other Ethereum NFT Prices Plummet as Crypto Market Crashes (Decrypt)
  • Yuga Labs’ NFTs Trading Volumes Slump Amid Crypto Selloffs (CryptoPotato)
  • Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza (Cointelegraph)
  • Yuga Labs’ Otherdeed virtual land NFT sells for record $1.5 million (TB)
  • Snoop Dogg, Gary Vee Latest to Buy Ethereum Ownership NFTs in Ice Cube’s BIG3 Hoops League (Decrypt)
  • Launch Pass NFT Lets You Apply for a Place on a Suborbital Rocket (BIC)
  • NFT markets slump as weekly sales volume dives 30% (Cointelegraph | EWN)
  • Instagram to Support NFTs From Ethereum, Solana, and Others (BIC)
  • Plain talk about NFTs: What they have been and what they are becoming (Cointelegraph)
  • Under Armour to mint NBA Warriors' Stephen Curry-inspired NFTs (TB)
  • $37 Billion Already Sent To NFT Marketplaces This Year, Almost Equal To 2021 (Bitcoinist | CryptoPotato)
  • What Is Collab.Land? A Digital 'Concierge' for Tokenized Communities (Decrypt)
  • Digital sovereignty: Reclaiming your private data in Web3 (Cointelegraph)

CEFI/DEFI

  • Understanding staking pools: The pros and cons of staking cryptocurrency (Cointelegraph)
  • Tiger VC DAO Looks To Impress The DeFi Community Through Innovative Features And Services (Bitcoinist)

BLOCKCHAINS

  • Decrypt Learn: What Is Ethereum 2.0? Ethereum's Consensus Layer and Merge Explained (Decrypt)
  • New Ethereum Token Standard Might Allow Creation of Yield-Bearing Tokens: What is EIP-4626? (UToday | Decrypt)
  • Number of Cardano ($ADA) Addresses Sets New Record of 5.2 Million (Cryptoglobe | TDH)
  • Cardano adds over 70 smart contracts a week as more developers onboard the blockchain (Finbold)
  • How Polkadot’s Interoperable System is Created Through Parachains (Bitcoinist)
  • Flare Networks Proposes Eccentric Bridge Solution for All Blockchains: Details (UToday)
  • What is the Blake256r14 Algorithm? Blake256r14 Coin List (Cryptoglobe)
  • Tron Burned 125 Million Coins as Net Production Hits Negative $10 Million (UToday)

MINING

  • Bitcoin mining production roundup: April (TB)
  • Crypto mining platform NiceHash says it developed workaround to Nvidia hash rate limiter (TB)
  • Nvidia LHR Fully Unlocked: “NiceHash” Allows 100% Ethereum Hashrate On RTX GPUs (Bitcoinist)

BITCOIN PROMISES A FUTURE OF ABUNDANT ENERGY

EXCHANGES/WALLETS/BANKS

  • Binance’s Recovery of Stolen Crypto Illustrates That Digital Assets Aren’t a Promised Land for Bad Actors (TDH)
  • Multi Protocol Decentralized Exchange Bashoswap Is Set to Launch It’s DEX on Cardano (NewsBTC)
  • Cardano-Powered DEX WingRiders Explains Importance of Direct Hardware Wallet Support (Cryptoglobe)
  • WisdomTree positions its forthcoming crypto wallet to serve ‘the next 2 billion’ (TB)
  • Deribit and OKX attract significant traffic from China despite a blanket ban: report (Cointelegraph)
  • Argentina’s Central Bank Bans Crypto Trading (Blockworks)

LEGISLATION/REGULATION

  • Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022 (Cointelegraph)
  • SEC Fines Tech Giant Nvidia for Alleged ‘Inadequate Disclosures’ on Impact of Crypto Mining on Revenue (TDH)
  • SBF-Funded Political Action Committee Vows to Bring an ‘Orange Wave’ in Washington (CryptoPotato)
  • The United States turns its attention to stablecoin regulation (Cointelegraph)
  • Colorado Bill Looks to Study Security Tokens to Help Raise Capital (BIC)
  • Utah Governor approves of blockchain and digital innovation task force (Cointelegraph | BIC)
  • For the crypto industry, supporting sanctions is an opportunity to rebrand (Cointelegraph)
  • South Korea Postpones Crypto Taxations; Repeals 2017 ICO Ban (Bitcoinist)
  • The Ukraine invasion shows why we need crypto regulation (Cointelegraph)
  • Binance reportedly halts crypto derivatives service in Spain (Cointelegraph | TB)
  • Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says (Bitcoinist)

FOLLOW DAT MONEY

  • Irene Zhao’s influencer platform SO-COL is raising funds at a $100 million valuation (TB)
  • Katie Haun’s Crypto Fund Led a $50M Fundraiser for NFT Marketplace Zora (CryptoPotato)

THE BAD

  • U.K. Journalist Implicated in Crypto Ad Scam (BIC)
  • U.K. Hacker Faces Possible Extradition to U.S. Following Sim-Swap Crypto Fraud (BIC)
  • Crypto muggers in London target digital investors by taking phones: report (TB | BIC)
  • U.K. Court Recognizes NFTs as ‘Property’ in Boss Beauties Theft Case (BIC)
  • The Story of How One Man’s Crypto Addiction Nearly Ruined His Life (Cryptoglobe)
  • US offers $15 million in rewards for information on Russia-based Conti ransomware group (TB | Bitcoinist)
  • How $50 Million in Loans Nearly Crashed Fantom (Decrypt)
  • Binance takes legal action against fake billboard ads in Turkey (Cointelegraph | Bitcoinist)

PODCASTS

  • The Crypto Conversation: Dave the Wave & Bitcoin’s Logarithmic Growth Curve - last model standing?
  • On The Brink: Mark Lamb (CoinFLEX) on crypto derivatives and stablecoins
  • Empire: Every Project Will Have Its Own L2 | Michael Anderson & Vance Spencer

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TheCryptoCurator
TheCryptoCurator

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The Crypto Curator
The Crypto Curator

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