12 Apr: Bitcoin is Never Going to Zero

12 Apr: Bitcoin is Never Going to Zero

By theinspired | Inspiration | 12 Apr 2022


“I am happy because I'm grateful. I choose to be grateful.
That gratitude allows me to be happy.”

-Will Arnett

--NO TAX ON CRYPTO PROFITS!--

Bitcoin 2022 loses some evangelical luster as crypto goes mainstream

JUST IN

TODAY'S NEWS

  • How Bitcoin Is Empowering People To Become Sovereign Individuals (Forbes)
  • Wealth report: As old money procrastinates, young money goes crypto (Cointelegraph)
  • Judge denies SEC’s appeal as lawyer calls it ‘a very big win for Ripple’ (Finbold)
  • 'The Bitcoin PAC' Aims To Vote Out Anti-Crypto Politicians Like Elizabeth Warren (Benzinga)
  • New study explains why narcissists, sadists and manipulators are attracted to crypto (Finbold)
  • Is Crypto Fueling Corruption or Helping Citizens Flee It? (Blockworks)

MARKET WATCH

  • Crypto Market Sentiment Drops to "Extreme Fear" (UToday)
  • Crypto Under Pressure As White House Warns of ‘Extraordinarily Elevated’ March CPI (Cryptoglobe)
  • Bank Of America Warns of Dire Recession That Could See Cryptos Rocketing to New Highs (ZyCrypto)

Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

BITCOIN

  • Bitcoin Briefly Pumps As US Inflation Breaks Another 40-Year High (CryptoPotato)
  • Bitcoin Bearish Signal: Leverage Ratio Continues To Hit New Highs (Bitcoinist)
  • Bitcoin Data: Number Of Active Entities Remain In Bear Market Channel (NewsBTC)
  • Bitcoin Stabilizes at $40K Support; Resistance at $43K-$47K (Coindesk)
  • Bitcoin Eases as Shanghai Rises with Yields Historically Inverting (Trustnodes)
  • Bitcoin climbs above crucial $40,000 mark as Fed ponders interest rate hike (Finbold | Decrypt | Cointelegraph)
  • Bitcoin (BTC) RSI Falls to Its Lowest Level Since January (be[IN]crypto)
  • Bitcoin Could Plunge to $26K If This Pattern Plays Out (UToday)
  • Three-quarters of BTC addresses still in profit despite market decline: Glassnode (Cointelegraph)

BITCOIN PRICE NEARS $41,000 AS U.S. INFLATION JUMPS TO 8.5%

ALTCOINS

  • Ethereum price 'bullish triangle' puts 4-year highs vs. Bitcoin within reach (Cointelegraph)
  • Ethereum (ETH) Fails To Break Out From 150-Day Resistance Line: Multi Coin Analysis (be[IN]crypto)
  • Ethereum derivatives data shows pro traders are bearish, but for how long? (Cointelegraph)
  • Share of ADA supply held by Cardano whales hits 2-year high (Finbold)
  • 287 Billion SHIB Purchased by Biggest Whale on Ethereum Network (UToday)
  • Shiba Inu, Solana Tokens Among Four Added to Robinhood; $SHIB SURGE (Coindesk | UToday | The Block | Cryptoglobe | Finbold | Forbes | UToday | UToday | ZyCrypto | Decrypt | Cointelegraph | NewsBTC)
  • Shib Army Burns 258 Million SHIB, 145.6 Million Destroyed in Single Lump (UToday)
  • Robinhood is giving away SHIB worth $100k to 10,000 users (Finbold)
  • STEPN Runners Undeterred by ‘Move-to-Earn’ Game’s Pricey NFT (Coindesk)
  • Global Sales of Fan Tokens up $1.9B, Hitting 2022 High (be[IN]crypto)

ANALYST'S CORNER

  • Nicholas Merten: Don’t Count on Bitcoin (BTC) Collapse to $30,000 (The Daily Hodl)
  • Santiment: Cardano’s (ADA) Biggest Whales Flip Back to Accumulation Mode, Hold Record Percentage of ADA: (The Daily Hodl
  • Michael van de Poppe: Crypto Strategist Predicts Big Run for One Ethereum Competitor, Updates Forecasts for ETH and Skale (SKL) (The Daily Hodl)
  • Altcoin Sherpa: Analyst Predicts Shiba Inu (SHIB) Moves Hard This Cycle, Says $NEAR Will Be Top Performer (The Daily Hodl)
  • InvestAnswers: One Sector of Altcoin Market Will Get Quashed Once Regulation Arrives, According to Top Crypto Analyst (The Daily Hodl)
  • CoinShares: Institutions Take Profit After Market Rally, but Solana (SOL) and Cardano (ADA) Remain Resilient (The Daily Hodl)
  • Morgan Stanley: US Could Regulate Stablecoin Issuers Like Banks (Coindesk)

NOTABLE VOICES

  • Kevin O'Leary: Bitcoin is Never Going to Zero (CryptoPotato | Cryptoglobe)
  • Jason Urban: Ethereum Going to $6,500 by Year End, Says Co-Head of Galaxy Digital Trading (Cryptoglobe)
  • CZ:  Binance CEO Calls India Natural Frontrunner in Web3 Startups (CryptoPotato)
  • Scott Kelly: Astronaut Discusses NFT Project, Crypto Holdings, and the Metaverse (Decrypt | Decrypt)

PEOPLE ON THE MOVE

  • Prime Trust Hires Secret Service Veteran to Head Regulatory Affairs (Coindesk)

ADOPTION/ACCEPTANCE

  • Colombian Food Delivery App to Accept Payment in Crypto (be[IN]crypto)
  • 35% of Nigeria’s population are crypto investors, new study reveals (Finbold | Bitcoin Magazine)
  • Lack of proper financial services boosts crypto ownership in Nigeria, says report (Cointelegraph)
  • Ariana Grande’s fundraiser for trans visibility adds crypto option (Cointelegraph)

UBERSMITH PARTNERS WITH BITPAY TO ACCEPT BITCOIN PAYMENTS

CBDCs/STABLECOINS

  • Financial Services Company DTCC Working With Digital Dollar Project on CBDC Prototype (Coindesk | The Block | CryptoPotato)
  • BIS releases study of CBDCs and their role in financial inclusion of the unbanked (Cointelegraph)
  • Consensus on CBDC design among central banks not a priority, Bank of Canada says (The Block)
  • Brazilian central bank president confirms CBDC pilot will launch in 2022 (Cointelegraph)
  • USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations (Coindesk)
  • Exclusive: Telegram’s TON In Talks With Three African Countries To Launch Stablecoins (Forbes)
  • $ADA: DEX WingRiders Launches, Bringing USDC and USDT Stablecoins to Cardano Mainnet (Cryptoglobe)
  • Crypto Veterans Shed Light on CBDC and Stablecoins Including TUSD, Endorsing Competition in Money Market (NewsBTC)

DEFI/CEFI

WEB3

ETFs/FUNDs

  • Fidelity to Offer Exposure to Metaverse, Digital Payments With New ETFs (Coindesk)
  • A Spot Bitcoin ETF Still Seems Unlikely (Coindesk)
  • Grayscale CEO: Spot Bitcoin ETF Approval Is ‘The Next Natural Step’ for SEC (Blockworks

BLOCKCHAINS

  • Ethereum largely passes first major test for proof of stake (The Block)
  • Cardano ($ADA) Wallets Grew 1,600% Since December 2020, Data Shows (Cryptoglobe)
  • Terra's Bridge Now Interacts with Solana, Avalanche, Fantom, Here's How (UToday)
  • Polygon commits to going carbon neutral in 2022 (Cointelegraph)

MINING

  • Mining Difficulty Reaches New All-Time High: Bitcoin (BTC) On-Chain Analysis (be[IN]crypto)
  • Bitcoin Mining Competition Soars Despite Declining On-Chain Activity (Decrypt)

EXCHANGES

  • Report Predicts an ‘Oligopoly of Crypto Exchanges’ as Market Consolidates (be[IN]crypto | The Daily Hodl)
  • Belarus-born crypto platform halts operations for Russians in response to invasion of Ukraine (Cointelegraph)

REGULATION/LEGISLATION

  • Indian crypto exchanges’ volume plunges as 30% tax goes into effect (Cointelegraph)
  • Crypto mixers’ relevance wanes as regulators take aim (Cointelegraph)

ACQUISITIONS/PARTNERSHIPS

  • Metaverse Firm Infinite Reality to Buy Esports Company ReKT for $470M in Stock (Coindesk)

FOLLOW DAT MONEY

  • Axie Infinity Team Launches $1 Million Bug Bounty Following Record-Breaking Ronin Hack (UToday | Decrypt)
  • RociFi Labs Raises $2.7M to Enable On-Chain Credit Scoring for DeFi (Coindesk)
  • Crypto Portfolio Manager CoinStats Fetches $3.2M on Fresh Funding Round (CryptoPotato)
  • CoinFund, Galaxy Digital Lead $3.5M Round for Dapp Cloud Computing Startup (Coindesk)
  • Gary Vaynerchuck-Backed Swoops Raises $3.5 Million for NFT Basketball Game (Decrypt)
  • Loyalty rewards startup Glow Labs raises $4.1 million in seed round (The Block)
  • SoftBank leads $70 million round for DeFi infrastructure firm BloXroute (The Block | Coindesk)
  • IOST Foundation Starts $100M Fund for EVM Developers (Coindesk)
  • NFT avatar company Genies raises $150 million from Silver Lake (The Block | Coindesk | Blockworks | Cointelegraph)
  • Ignite (formerly Tendermint) launches $150 million accelerator for Web 3 projects (The Block | Coindesk)
  • Philippines' fintech achieves unicorn status after raising $210MM and embracing crypto payments (Cointelegraph)
  • USDC Issuer Circle Raises $400M; Blackrock joins (Coindesk | Cointelegraph | Blockworks | EWN)
  • Pantera Capital Set to Close $1.3B Blockchain Fund, With Follow-Up Vehicle Already in the Works (Coindesk | Cointelegraph | be[IN]crypto)
  • How Chris Dixon’s Dive Down The Crypto Rabbit Hole Made Him The World’s Top Venture Capitalist (Forbes)
  • Index Africa announces blockchain philanthropy initiative (The Block)

ATTACKS/HACKS/SCAMS

  • The aftermath of Axie Infinity’s $650M Ronin Bridge hack (Cointelegraph | The Block)
  • Coinbase Loses Bid to Force Arbitration in Crypto Theft Lawsuit (Coindesk)
  • Here’s how OpenSea NFT hacks hurt owners, buyers and even entire collections (Cointelegraph)

PODCASTS

  • The Pomp Podcast: #911 Peter McCormack On How Far Bitcoin Has Come In The Last Decade 

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theinspired
theinspired

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.


Inspiration
Inspiration

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!

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