11 Apr: Buying Continues - Price Drops


“We must never be afraid to go too far, for success lies just beyond.”
-Marcel Proust

--NO TAX ON CRYPTO PROFITS!--

I am back! Bitcoin 2022 was EPIC and I strongly recommend everyone spend time watching many of the videos on Bitcoin Magazine's YouTube Channel. There were so many good one's I can't list them all but will post the 3 day full streams from the main stage below. There were other stages with great content so pour through as much as you can. Also listen to The Decrypt Daily podcast hosted by Matthew Diemer on if it was worth it or not. Bitcoin 2023 is already on sale and I highly recommend getting your ticket now.

Even though Luna and Saylor continues to buy Bitcoin the price doesn't reflect their momentum and some are calling for lower while others are calling for higher; end of the day - Keep Stacking Sats. The same applies to Ethereum, appears that there is mix sentiment on what will happen in the short term; we all believe longer term up is the forecast.

Guns, Gains And God: Four Days In Miami With Crypto’s Most Faithful Fans (Forbes)

BREAKING

  • FTX exec launches new Republican PAC with $4 million donation (The Block)

JUST IN

  • Bitfinex and Tether Raises 36 BTC for Families in El Salvador Affected by Gang Violence (EWN)
  • More Women Investing in Crypto, Proving Superior to Men, Says Recent Study (be[IN]crypto)
  • Latin American Delivery Unicorn Rappi Launches Crypto Payments Pilot (Coindesk)
  • Indian Bitcoiner Aiming to Visit 40 Countries in 400 Days, While Only Spending $BTC (Cryptoglobe)
  • Apple And Crypto—Here’s What You Should Know (Forbes)

NEWS TODAY

  • 72% of financial advisors managing $26 trillion would invest in a crypto spot ETF (Finbold)
  • Grassroots initiatives are bringing Bitcoin education to communities across America (Cointelegraph)
  • Want to See the Future of Banks? Look at Telcos (Coindesk)
  • Grassroots initiatives are bringing Bitcoin education to communities across America (Cointelegraph)
  • Growing Number Of Regions In The World Turning To Bitcoin As Legal Tender After El Salvador’s Lead (ZyCrypto)
  • Bitcoin Beach: How a town in El Salvador became a testing ground for bitcoin (CBSNews)
  • Luna Foundation Treasury Holds Almost 40,000 BTC After Weekend Purchase (Coindesk | UToday | be[IN]crypto | Cryptoglobe)
  • Former Citi Execs Unveil Crypto Investment Firm (Blockworks)
  • Over 20 Bitcoin ATMs were installed daily in March 2022 globally (Finbold)
  • Bancor Launches Bug Bounty Program With a $1M Reward on Offer (be[IN]crypto)
  • UK-based loan provider lets investors tokenize their fund with Securitize partnership (Cointelegraph)
  • Ripple Seen as Leading Remittance Provider in Association of Southeast Asian Nations Report: Details (UToday)
  • Hong Kong’s OneDegree Inks Deal with Reinsurer Munich Re to Launch Digital Asset Insurance (Coindesk)

MARKET WATCH

  • Crypto market drops under $2 trillion as BTC fails to sustain support above $42,000 (Finbold | Bitcoinist)
  • Crypto Market Forecast: Week of April 11th 2022 (Brave NewCoin)
  • Bitcoin, Ethereum Slip to Three-Week Lows (Decrypt)
  • Bitcoin Risks 25% Price Crash With Ether, Cardano, Solana Tumbling As Markets Bleed $100 Billion (ZyCrypto)
  • Crypto seen as the ‘future of money’ in inflation-mired countries (Cointelegraph)

BITCOIN

  • Bitcoin price drops to $39K, but data shows leverage traders dreaming of $50K (Cointelegraph)
  • Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises (Coindesk)
  • Bitcoin Approaches Support Zone at $37K-$40K (Coindesk)
  • Bitcoin’s correlation with the Nasdaq 100 index reaches a new all-time high (Finbold)
  • When Will Bitcoin (BTC) Complete Its Correction? Wave Count Analysis (be[IN]crypto)
  • Bitcoin (BTC) Falls to $42,000 (be[IN]crypto | Trustnodes | Coindesk)
  • BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week (Cointelegraph | be[IN]crypto)

ALTCOINS

  • TA: Ethereum Takes Hit: Main Reasons $3K Could Be Tested (NewsBTC)
  • Ethereum Hits $126M in Year-to-date Outflows, Alts Remain Steady (Blockworks)
  • Terra (LUNA) Might Have Reached Its Market Cycle Top With Resistance Area Now at $100 (be[IN]crypto)
  • Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead? (Cointelegraph)
  • Terra’s LUNA Leads Slide in Majors as Ether Nears $3K (Coindesk)
  • Axie Infinity sees 'no signs of buyers' as AXS price tumbles 30% in two weeks (Cointelegraph)

ANALYST'S CORNER

  • Santiment: Bitcoin Whale Transactions at Lowest Proportions in Nearly 10 Years, According to Analytics Firm Santiment (The Daily Hodl)
  • Mike McGlone: Crypto industry on ‘unstoppable trajectory’ into global economic mainstream, says commodity expert (Finbold)
  • Glassnodes: $4,000,000,000 in Bitcoin Exiting Crypto Exchanges Every Month As Outflows Reach Historic Proportions: Glassnode (The Daily Hodl)
  • DonAlt: Crypto Strategist Warns Deep Bitcoin Correction Coming, Says BTC Flashing November 2021 Vibes (The Daily Hodl)
  • Credible: Whale Games? Top Crypto Strategist Says This Is Driving Current Bitcoin (BTC) Correction (The Daily Hodl)
  • TechDev: Historically Accurate On-Chain Indicator Shows Bitcoin (BTC) Has Asymmetric Upside, Says Crypto Analyst (The Daily Hodl)
  • Arthur Hayes: Ethereum to Plunge to $2,500 by June (UToday | The Block | Cointelegraph)
  • Lark Davis: “Sorry, Haters!” Seasoned Market Analyst Says This Bullish Catalyst Will Send Ethereum To $10,000 (ZyCrypto)
  • Raoul Pal: Former Goldman Sachs Executive Raoul Pal Unveils Massive End-of-Decade Prediction for Crypto Markets (The Daily Hodl)
  • Ukraine Crisis Is Not Propelling Crypto Market Activity, Blockchain Data Shows (Coindesk)

NOTABLE VOICES

  • Peter Thiel: Here’s Why Bitcoin Has Failed To Reach $100,000 — According To PayPal Founder Peter Thiel (ZyCrypto)
  • Noah Perlman: Gemini's COO on Why He’s Not Spending His Bitcoin and Compliance as ‘Competitive Advantage’ (Decrypt)
  • Kevin O'Leary: Shark Tank Star Kevin O’Leary Reveals 10-Year Gameplan for Investing in Bitcoin Ecosystem: Report (The Daily Hodl | Cointelegraph)

PEOPLE ON THE MOVE

  • Bank of England’s top Executive Leaves the Institution to Join the Crypto Custodian Fireblocks (CryptoPotato)
  • London Crypto Custodian Onboards Former Bank of America Executives (CryptoPotato | Blockworks)

WEB3

  • NBA’s Crypto Chief Registers Second .Eth Domain as League Files for 4 NFT Trademarks (Coindesk)
  • Mastercard files for more than a dozen metaverse and crypto trademarks (The Block | be[IN]crypto)
  • Crypto Raiders explains how blockchain gaming attracts new users to Web3 (Cointelegraph)
  • Bored Ape Yacht Club-Themed Burger Joint Debuts in California (Decrypt)
  • Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy (Coindesk | Decrypt | The Block | be[IN]crypto)
  • Mastercard files 15 metaverse and NFT related trademarks (Cointelegraph)
  • Snoop Dogg NFT Collections Now Available on Cardano (UToday | CryptoPotato | Cryptoglobe)
  • Content creators introducing a new paradigm with NFTs (Cointelegraph)
  • Museums in the metaverse: How Web3 technology can help historical sites (Cointelegraph)
  • Why Web3 Requires an IFTTT-like ‘Notification’ Aspect for Bridging Blockchain with Consumers (be[IN]crypto)

ACQUISTIONS/PARTNERSHIPS

  • Animoca Brands acquires racing game developer Eden Games (The Block | Decrypt | Cointelegraph)
  • IDEG Asset Management Partners With Coinbase Prime to Launch Actively Managed ETH Fund (Coindesk)

BLOCKCHAINS

  • ETH devs implement first-ever ‘shadow fork’ as PoS testing continues (Cointelegraph | ZyCrypto | be[IN]crypto)
  • RSK Is Transforming The Bitcoin Network Into A Go-To Destination For Stablecoins And DeFi (NewsBTC)
  • Number of active addresses on Ethereum decreases by nearly 10% in just a week (Finbold)
  • Ethereum's First Mainnet Shadow Fork Goes Live as Move to PoS Continues (Coindesk)
  • Cardano Reports 1600% Growth in ADA Wallets So Far in 2022 (UToday)
  • Ripple Partner Tranglo Launches Payment Options to Expand Coverage via RippleNet (UToday)
  • SHIB Layer 2 Shibarium Project TestNet Almost Here; This Is How Far It Has Gone (UToday)
  • The Purpose and Perils of Crypto Privacy Tools (Blockworks)

BITCOIN SONGSHEET: AIRLINE MILES ARE THE ORIGINAL ALTCOINS

MINING

  • Marathon’s Thiel Says Company Not for Sale, as M&A Chatter Picks Up Among Crypto Miners (Coindesk)
  • On-chain Data Suggests Bitcoin Miners Were Behind The Selloff (NewsBTC)
  • Bitcoin Miner Crusoe Mostly Not Affected by North Dakota Oil Site Explosion (Coindesk)
  • One Bitcoiner Is Using Waste Heat From BTC Mining Hardware to Warm His Swimming Pool (Cryptoglobe)
  • Ethereum (ETH) Mining Revenue Surpasses Bitcoin (BTC) Again in March 2022 (be[IN]crypto | Bitcoinist)
  • Canaan Unveils New Avalon ASIC Miner as It Expects Further Industry Growth (be[IN]crypto)

ETFs/FUNDs

REGULATION/LEGISLATION

  • IMF Says Crypto Usage Significantly Correlated with Corruption and Capital Controls (The Daily Hodl)
  • South Korean President-Elect Contemplates STO, IEO Route for Virtual Oversight (be[IN]crypto)
  • Lobbyists Are Helping Draft US Crypto Legislation, Claims Report (be[IN]crypto)
  • Bitcoin is a Strategic National Security Opportunity Says Paper (Trustnodes)
  • 3 Crypto Tax Tips to Avoid IRS Trouble (Coindesk)
  • Should Biden Administration or Congress Address Stablecoin Regulation? Democrats Divided (be[IN]crypto)
  • Regulatory Pressure Forces Coinbase To Suspend Crypto Payments In India; Volume drops (Bitcoinist | Cointelegraph | Coindesk)
  • Irish advertising regulator to re-examine crypto ads guidance (Finbold)
  • IMF claims crypto usage is higher in corrupt countries with tighter capital restrictions (Finbold)
  • SEC Official Had Conflict of Interest in Ripple and XRP Lawsuit, According to Anti-Corruption Watchdog (The Daily Hodl)
  • Abu Dhabi Approval Sees Binance Expand Further Into Middle East (be[IN]crypto)

AT BITCOIN 2022, PANELISTS IDENTIFY THE GAPS, UNCERTAINTIES IN BITCOIN REGULATIONS

FOLLOW DAT MONEY

  • Volt Protocol Raises $2 Million for 'Inflation-Resistant Stablecoin' (Decrypt)
  • Fortnite creators Epic Games raise $2B from Sony and LEGO to fund metaverse plans (Cointelegraph)
  • FTX exec launches new Republican PAC with $4 million donation (The Block | Coindesk)
  • Avalanche-Based Blockbuster Game ‘Shrapnel’ Completes $7M Token Sale (Coindesk)
  • White Star Capital Raises $120M Crypto Fund for Metaverse Investments (Coindesk)
  • Fabric VC looks to close two web3 funds worth $245 million (The Block | Coindesk)
  • TONCoin Launches $250 Million Ecosystem Fund for The Open Network (CryptoPotato | Coindesk | Cointelegraph)
  • Epic Games Raises $2B to 'Build the Metaverse'—Will It Use Crypto or NFTs? (Decrypt | Blockworks)
  • Middle East's largest alternative asset manager Investcorp starts raising blockchain fund (The Block)
  • Ubisoft anchors White Star Capital’s second crypto fund (The Block)
  • Uniswap Labs launches venture unit to invest in web3 projects (The Block | Coindesk | CryptoPotato)

THE BAD

  • Crypto And Cocaine Down Under: Australian Cops Seize Bitcoin ATMs And Drugs In Sydney Warehouse (Bitcoinist)
  • Expert contracted to set up security system for client ends up stealing $600k in crypto (Finbold)
  • Multiple Indian Official Twitter Accounts Hacked, NFT Content Posted (Coindesk | Blockworks | EWN)
  • Former Ethereum Developer Virgil Griffith to Be Sentenced in New York Court Tuesday (Coindesk)

PODCASTS

BITCOIN 2022

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TheCryptoCurator
TheCryptoCurator

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

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