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It's Fridayyyy Folks! It looks like Crypto spring is arriving and I hope you all are prepared :)
Most Covered
- Genesis and Gemini charged with securities violations by SEC.(6)
- In about-turn, Crypto payments platform Wyre secures funding and lifts 90% withdrawal cap.(5)
- Cardano developer IOG deploys sidechain toolkit to boost Blockchain.(4)
Cryptocurrency is headed toward surviving its first age. Bank of International Settlements outlines policy approaches to ban, contain or regulate crypto.(2) Lawyer Irina Heaver explains new federal virtual asset law in the United Arab Emirates. US House Republicans plan to establish crypto-focused subcommittee.
Bitcoin blows past $19,000 for the first time since FTX collapse as recession scare subside; but $BTC could correct lower in short term.(3) Bitcoin continues flirt with $19,000 as crypto prices stay the course and wants to retest 2017 all-time high near $20K.(2) ‘Massive’ accumulation sees 13% of Bitcoin’s supply return to profit. Bitcoin's 'volatility smile' graph shows increased demand for Bullish exposure. Matěj Žák, Trezor's CEO, said Bitcoin price not more important than financial independence. SEC argument for blocking Bitcoin ETF 'Illogical' as Digital Currency Group CEO Barry Silbert breaks silence, says past year most difficult of his life.
Bitcoin price now retesting cost of production, will miners finally find relief? Crypto miners log double-digit stock price gains after CPI report. Hive’s ‘massive efficiency upgrade’ led by Intel-powered miner rollout. One of America’s largest hemp processors Generation Hemp Inc. makes entry into sustainable Bitcoin mining. Bitcoin miner Bitfarms looks to amend BlockFi loan, warns of default. Celsius sells bitcoin mining machines for $1.3 million. National Park in Congo is mining Bitcoin using hydro-electricity. Bitcoin mining companies need to better manage risk.
Ethereum price consolidates near $1,400 as the bulls aim $1,500. Ethereum on track to reach 500,000 validators within days. Ethereum staking withdrawals will be dynamic and the amount that can be unstaked depends on how many validators there are. A full exit is subject to a withdrawal queue. Crypto Traders are already placing bets on Ethereum’s 'Shanghai hard fork.' Ethereum developers release devnet 2 ahead of mainnet shadow fork for Shanghai. Ethereum 'shark' accumulation, Shanghai hard fork put $2K ETH price in play. Ethereum creator predicts indistinguishable chains will ‘get ignored and fail.’
RippleX announces recipients of $2.6 million XRPL grant. $XRP bulls building incredible momentum as community awaits favourable ruling in Ripple v. SEC Lawsuit.
Most Dogecoin holders are in profit while majority of Shiba Inu owners remain underwater. Calm before the storm? Dogecoin ($DOGE) price primed for takeoff.
Solana ($SOL) active addresses jumped nearly 30% since 2023 started. Citi says solana Blockchain activity remains high.
Crypto exchange WonderFi confirms merger talks with Coinsquare.(2) Hodlnaut creditors reject the restructuring plan, prefer liquidation.(2) Singapore’s Crypto.com to layoff 20% of its global workforce.
Winklevoss slams SEC charges against Gemini as a ‘super lame ... manufactured parking ticket.’ Crypto lender Nexo wants to sue Bulgaria after office raids; as they see withdrawals of $158 million in day after the raid.(3) Lawyer John Deaton predicts no settlement until after decision by Judge in the Ripple vs SEC case.(2)
Four US Senators urge independent investigation of FTX and related companies to ensure justice. After FTX, Crypto companies no longer have ‘benefit of the doubt’ on Capitol Hill, says Congressman Jim Himes. Crypto community unimpressed by SBF’s lengthy Substack letter. Major media want answers: Who guaranteed Bankman-Fried’s $250M bail?(4) Alameda liquidators are fumbling the asset retrieval process. FTX Liquidators lost $74K in Wrapped Bitcoin in 'embarrassing on-chain faux pas' on AAVE.(2) FTX allowed by bankruptcy judge to sell LedgerX, other assets. Like son, like father, as Joseph Bankman retains attorney.(2)
Ex-SEC official: Regulators delayed Gemini Earn action despite knowing about it ‘for over a year.’
CertiK Reports that fraudsters drain $2.5M in Crypto exit scam. Multi-Million Euro Crypto fraud operation in Bulgaria, Cyprus and Serbia busted. Self-proclaimed 'safest' DeFi lender loses $6 million in hack. BitConnect victims may get some of their money back.(2)
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.
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Podcast of the Day: DCG's Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini? | Unchained
