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Veteran Trader Shows When Bitcoin Should Hit $35,000 - FiboSwanny Interview

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It's Friddayyyyy Folks! Yesterday was a light news day with hardly any news truly trending other than a consist flow of drama from the FTX Saga.

Christmas Rally? Not this year, because you all have been bad, nothing but coal in your stockings! Bitcoin dips under $17K once again and is extremely close to breaking down below $16K, the first weekly "death cross" is approaching and let's just say, nothing good can come from it. That said, the future is still bright - LONG TERM. 

So for now folks, I am going to keep storing up dry powder and patiently wait for this Crypto winter to come to an end; sorry Mark Yusko Crypto spring isn't here yet. 

WATCH

LISTEN

Podcast of the Day: The Bitcoin Philosophy ‘Ich bin ein Bitcoiner’ with Mark Jeffrey | The Charlie Shrem Show

Other Podcast

• Jerome Powell Says ‘More Work to Be Done’ as FOMC Hikes Rates 50 Basis Points | The Breakdown
• SBF In Jail | Next Crypto Exchange To Collapse? Raoul Pal, Mike Alfred, Lex Sokolin | The Wolf of All Streets
• Dec 15: Did CZ Destroy FTX/SBF? Kevin O’Leary Thinks So | Decrypt Daily
• Why FTX’s collapse is a ‘crucible moment’ for Solana | The Scoop
• Weekly Roundup 12/16/22 (SBF Arrest, Binance’s ‘Bank run’, Gensler, FTX, and IEX) | On The Brink
• ROLLUP: SBF Arrested | Trump NFTs | Binance Bank Run | Fed Inflation | Proof of Reserves | Bored Ape Lawsuit | Bankless
• How Much Prison Time Is FTX's Sam Bankman-Fried Facing? | Unchained
• MacroStrategy with Greg Foss, Lawrence Lepard, James Lavish, Dr.Jeff and Preston Pysh - December 15th, 2022 | Cafe Bitcoin

WHY BITCOIN IS THE ULTIMATE WEALTH PRESERVATION TECHNOLOGY

CRYPTO MARKET

• New York State issues guidance for banks seeking to engage in activities with crypto (Cointelegraph | Blockworks | Finbold | BIC)
• Key Republican presses Yellen to issue digital asset reporting rules (TB)
• Crypto Billionaire Brian Armstrong Explains Why Coinbase Is Different From Rest of Industry Amid Surging Fear (TDH)
• Revolut's CFO remains confident in crypto push despite falling trading volumes (TB)
• Total crypto market cap takes another hit, but traders remain neutral (Cointelegraph)
• US Financial Stability Oversight Council urges congressional action on crypto (Cointelegraph)
• Vast majority (92%) of high net worth investors seek access to crypto, study finds (Finbold)

BINANCE

• Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients (Coindesk | TB | Cointelegraph | Cointelegraph | CNBC | Blockworks | BIC)
• Binance CEO Says the World’s Largest Crypto Exchange by Volume Holds Customer Assets One-to-One (TDH)
• CZ Binance on Audits, FTX, the $2.1 Billion SBF Buyout in 2021, and Recent Withdrawal Spree (CryptoPotato)
• Here’s How Binance’s Bitcoin and Stablecoin Reserves Compare to FTX’s Before the Collapse: Quant Analyst (TDH)
• Binance CEO explains why exchange won't refund Mithril 200,000 BNB after delisting (TB | Cointelegraph)
• Jim Cramer Issues Stark Warning About Binance (UToday)

BTC

     Price

• Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data (Cointelegraph)
• Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price (Cointelegraph)
• Bitcoin targets $16.7K amid fear BNB may 'drag whole crypto market down' (Cointelegraph | TB)
• Market Update: Bitcoin (BTC) Extremely Close to Breaking Down to $16,000 Range (UToday)
• Bitcoin Few Weeks Away From Its First Weekly Chart 'Death Cross' (Coindesk)
• New data shows strong signals of a ‘hopeful future’ for Bitcoin (Finbold)
• Machine learning algorithm sets Bitcoin price for January 1, 2023: $16,722 (Finbold)
• $117M Liquidated Overnight as Bitcoin, Ethereum Shed Post-CPI Gains (Decrypt)
• Bitcoin and Ethereum gave back their gains, but has anything actually changed? (Cointelegraph)
• Crypto Bloodbath: Bitcoin Plummets Below $17K, BNB Crashes 7% (Weekend Watch) (CryptoPotato)

     Mining

• Bitcoin Hashrate Rebounds 11% Since Nov End, Can It Reach New ATH? (Bitcoinist)
• Bitfarms nets $3.6 million gain from de la Pointe property sale (TB)

     Web 3

• Build on Bitcoin, 'a better platform for Web3,' says Lightning contest founder (Cointelegraph)

     ETF

• SEC Rejects Grayscale ETF as Hong Kong Debuts See Gains (BIC)

     Voices

• Kadena CEO Stuart Popejoy on blockchain design: proof of work is a feature, not a flaw (Cointelegraph)
• Hal Finney's wife resumes activity on Bitcoin pioneer's Twitter account to avoid potential purge (Cointelegraph | Decrypt | TB)
• Bitcoin To Crash to $10,000 Before Exploding by Over 200%, Says Investment Giant VanEck – Here’s the Timeline (TDH)

ETH

• Bitcoin Maximalist Michael Saylor Says Ethereum Could Collapse Like LUNA (Bitcoinist)

USDT/USDC

• Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally? (NewsBTC)
• International banking regulatory body backtracks on stablecoins (TB)

• Can Stablecoins Revolutionize Foreign Aid? The UN Thinks So. (Blockworks)

BNB

• Crypto Investors Misguided: Binance Stablecoin BUSD Isn’t Fully Regulated (BIC)

USDC

• Stellar partners with UNHCR to give Ukrainian refugees cash via USDC (Cointelegraph | Cryptoglobe | Bitcoinist | TDH)
• Researchers use zero-knowledge to address privacy, AML concerns in stablecoins (Cointelegraph)

XRP

• Is Ongoing XRP Price Drop a Sign of Things to Come? (BIC)
• Whale Accumulation Paints Bullish Picture For XRP (NewsBTC)
• Ripple Lawsuit: Here's Motion Filed on Much-Speculated Settlement (UToday | Bitcoinist)

ADA

• Cardano (ADA) Becoming Long-Term Investment After This Addition: Crypto Market Review, Dec. 15 (UToday)
• Cardano Is ‘Decentralized by Almost Every Metric, So It Should Be Safe From the SEC’, Says Coin Bureau (Cryptoglobe)

MATIC

• Polygon (MATIC) Staking Now Supported by Coinbase Prime (UToday | Cryptoglobe)
• Jewel Bank, Polygon to launch Bermuda's first USD-backed stablecoin (Cointelegraph)
• SBF's legal battle still has "a lot to play out," according to legal commentators (Cointelegraph)

LTC

• End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours (NewsBTC)

FTX FIASCO

• Democratic groups ditch more than $1 million in donations linked to Sam Bankman-Fried (TB | Cointelegraph | BIC)
• FTX asks court permission to sell off four businesses, including LedgerX (TB | Coindesk | BIC)
• Committee to represent creditors formed in FTX bankruptcy case (TB | TB)
• US Government Wants to ‘Send a Message’ to Crypto With SBF’s Arrest, Says Former US Prosecutor (Coindesk)
• The Madoff Playbook: How FTX Creditors Could Get Their Money Back (Blockworks)
• ‘Digital Assets Are Not on Trial’, Says Senator Lummis at US Senate Banking Committee (Cryptoglobe)
• Jefferies sees recovery rate of up to 40% for FTX creditors: Exclusive (TB)
• SBF Files Another Bail Application After Unsuccesful Bid For Release (CryptoPotato)
• Bernie Madoff’s lawyer: FTX’s Bankman-Fried faces ‘many many years in prison’ (Finbold)
• FTX, Nexo Auditor Armanino To Quit Crypto After 8 Years: Report (Blockworks)
• Crypto Billionaire Mike Novogratz: Not All Digital Asset Exchanges Are Run by Criminals Like FTX Was (TDH)
• The outcome of SBF's prosecution could determine how the IRS treats your FTX losses (Cointelegraph)
• Top Strategist at $285,000,000,000 Asset Management Firm Predicts More Crypto Shakeouts After FTX Collapse (TDH)
• FTX, Bahamas liquidators remain at loggerheads over system access (TB | Cointelegraph)
• Crypto Users Report Closures Of FTX-Linked Bank Accounts (Bitcoinist)
• Class action lawsuit claims Silvergate played role in FTX fraud (TB)