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17 Aug: Must HOLD $23.5K


"The joy we feel has little to do with the circumstances of our lives
and everything to do with the focus of our lives."
- Russell M. Nelson

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Happy Humpday Folks! This week is passing by pretty fast and unfortunately Bitcoin isn't doing the same in price. Bitcoin is currently trading around $23.5K and is right at the 20 day SMA on a daily time frame. If it continues to hold this I believe it will break $25K; close below and back to $20K we go. Ethereum and the broader market will follow as well, but BNB did break out from a 264-day long resistance, XRP is looking a bit bullish as well as DOGE. 

Stablecoins continue to be the talk of the town and Coinbase believes USDC will be the foundation of the new era of financial services; hint hint the Digital Dollar which I've been saying for years now. Colombia is going the opposite direction and is looking to implement a CBDC to prevent tax evasion; YUCK! 

More talk of $10K BTC, so now besides Peter Schiff we got Kevin Wadsworth to join his chorus. Meanwhile, John Haar tells us why Wall Street gets Bitcoin wrong. The Tornado Cash saga continues as they are now talking about if Ethereum can be censored. The ban could spell disaster for other privacy protocols; this is the fight stage for sure. 

CeFi Contagion continues and how wild would it be if Celsius finds a way out of this mess? They are getting more offers and now have permission to sell some of the mined Bitcoin; which is the most covered news of the day so far. BNB is looking to create 30K developers and Vasil hard fork is on track. Binance funds are SAFU and Coinbase is getting sued. 

There continues to be issues with regulators and the banks, SEC and Ripple, EU and Stablecoins, etc etc etc - dive in and read more below and listen to the POD as Andy talks about Bitcoin.com providing Bitcoin to everyone.  

JUST IN

  • Former Coinbase VP Adam White Joins Blackstone as Crypto Investment Adviser (Coindesk)

CRYPTO MARKET

  • Crypto, Stock Markets Slide as Fed Signals More Rate Hikes to Come (Blockworks)

BITCOIN & ETHEREUM

  • Bitcoin Price ‘Biased to the Topside’ as it Skims $24K, Analyst Says (Cointelegraph | BIC | Cointelegraph | NewsBTC | NewsBTC)
  • Why Bitcoin Traders Should Care About Double-Digit Inflation in UK (Coindesk)
  • Bitcoin, Ether Drop as Analysts Fear Fed Minutes Will Dash Hopes for 2023 Easing (CoindeskNewsBTC)
  • Capitulation Confluence Model: Bitcoin (BTC) Is in Phase of Triple Capitulation (BIC)
  • Is the Bitcoin Stock Market Correlation Finally Ending? (Bitcoinist)
  • Shock Flippening: Ethereum Finally Overtakes Bitcoin — Just Not The Way You Think (ZyCrypto)

THE MERGE

  • Ethereum.org dispels common ‘misconceptions’ about the upcoming Merge (Finbold)
  • $ETH: Compound Founder Offers Words of Advice Regarding Ethereum’s Merge Event (Cryptoglobe)
  • Economic design changes will affect ETH's value post-Merge, says ConsenSys exec (Cointelegraph)
  • The Upcoming Merge Will Not Reduce Gas Fees, Clarifies Ethereum Foundation (NewsBTC | Cointelegraph)
  • 3 strategies investors might use to trade the upcoming Ethereum Merge (Cointelegraph)
  • Ethereum Team Settles Rumors Around Upcoming Merge (BIC)

ALTCOINS & STABLECOINS

Altcoins

  • Binance Coin (BNB) Breaks Out From 264-Day Long Resistance Line (BIC)
  • XRP Price Could Rise If It Clears This Price Barrier (NewsBTC)
  • Dogecoin Jumps as Dogechain Gains Traction Among Retail Crypto Traders (Coindesk)
  • 776 Million Dogecoin Moved by Anons, 1/3 Goes to Binance: Details (UToday)
  • Crypto Analysts Reject Latest DOGE, SHIB Rally as Contrarian Signal (Coindesk)
  • Price analysis 8/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX (Cointelegraph)
  • Solana (SOL) Sees Potential Wipeout Based On Bearish Technical Indicator (NewsBTC)

Stablecoins & CBDCs

  • Coinbase Says USDC Will Be the Foundation of New Era of Financial Services (TDH)
  • Colombia to prevent tax evasion with national digital currency: Report (Cointelegraph | Coindesk)
  • Federal Reserve governor pumps the brakes on US CBDC in favor of FedNow (TB)

ANALYST'S CORNER

  • Kevin Wadsworth: Technical analysts who called $20,000 Bitcoin say BTC could fall to $10k (Finbold)
  • John Haar: Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong (Cointelegraph | CryptoPotato)
  • Michael van de Poppe: Here’s What’s Next for Binance Coin, According to Top Analyst (TDH)
  • JP Morgan: Coinbase Will Be ‘Meaningful’ Beneficiary of Ethereum Merge (Coindesk | Bitcoinist)
  • Arthur Hayes: The Merge Will Rally Ethereum Like a Bitcoin Halving (CryptoPotato | Cryptoglobe | TDH)
  • Justin Bennett: Top Crypto Analyst Warns Ethereum (ETH) Rally Likely To Fail This Month – Here’s Why (TDH)
  • Jesse Powell: Kraken CEO ‘Very Bullish’ on Bitcoin, Says He Wouldn’t Bet Against BTC (TDH | Cryptoglobe)

 

NOTABLE VOICES

  • Surojit Chatterjee: Coinbase Executive Explains Why the US-Based Crypto Exchange Will Beat Out Competition Like Binance, FTX (TDH)

TORNADO CASH

  • Tornado Cash receives 75% of funds laundered on Ethereum, new research reveals (Finbold)
  • Tornado Cash Fallout: Can Ethereum Be Censored? (Coindesk)
  • Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder (Cointelegraph)
  • Tornado Cash sanctions will ultimately undermine the US and strengthen crypto (Cointelegraph)
  • Dutch Officials Say Tornado Cash’s Code Could Be Criminal (Decrypt)

CEFI CONTAGION

  • Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin (BIC | Coindesk | TB | Cointelegraph | CryptoPotato | Blockworks | TDH)
  • Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss (Coindesk | Blockworks)
  • Terra’s Do Kwon reportedly seeks assistance from Korean law firm as investigation heats up (Finbold)
  • Canadian Pension Fund CDPQ Writes Off $200 Million Worth Of CAD Investment To Celsius Network (EWN | TB | Cointelegraph)

 BLOCKCHAINS

  • BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022 (Cointelegraph)
  • Cardano Vasil: Release of Latest Specification to Speed up Integration (UToday)

EXCHANGES

MINING

  • Stronghold shifts focus from bitcoin mining to selling power as it restructures debt (TB | Cointelegraph | Bitcoinist)
  • Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions (Coindesk)
  • Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022 (NewsBTC)
  • Crypto Mining Companies Sell off Coins and Gear to Recoup Losses (BIC)

LEGISLATION/REGULATION

  • US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says (Coindesk | Cointelegraph)
  • SEC Accuses Ripple of Advancing Inconsistent Arguments Regarding Hinman Emails (UToday)
  • EU Considers New ‘Anti-money Laundering Authority’; capping Banks' Bitcoin holdings (Blockworks | Coindesk)
  • UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance (Coindesk)
  • U.S. Department of Justice Teams Up With IRS To Find Alleged Crypto Tax-Cheating Customers of SFOX (TDH)
  • Ripple Case May Have Just Exposed SEC’s Shortcomings As XRP Outlook Flips To ‘Super Bullish’ (ZyCrypto | Bitcoinist)

THE BAD

PODCASTS

  • The Crypto Conversation: Bitcoin.com - Making crypto accessible to everyone
  • Bitcoin Magazine: Bitcoin and Lightning Network Infrastructure w/ Nate
  • Bitcoin Fundamentals: BTC091 (Part 2): Bitcoin Mastermind Group 3Q 2022 w / Jay Gould, Jeff Ross, and Joe Carlasare
  • The Breakdown: The Bear Market Evolution of Crypto Institutions
  • The Wolf Of All Streets: Tornado Cash: The Piece Of Code That Sparked A Worldwide Battle For Privacy And Freedom Of Speech
  • Bankless: Is The Merge Priced In? with Hal Press & Ryan Berckmans

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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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