17 Oct: It's Not All Bad

17 Oct: It's Not All Bad

By theinspired | Inspiration | 17 Oct 2022


"It always seems impossible until it's done."
- Nelson Mandela

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Happy Monday Folks! Well not so happy for me because my Cowboys got slaughtered by dem dirty birds; Eagles. It's okay we will meet again. On the other hand, it could be happy for some who have been impacted by Hacktober as Wintermute repays $92M of the TrueFi loan despite being hacked. Meanwhile, the hacker of TempleDAO moves funds. 51% of Ethereum node validators can censor your transactions and that is not good. 

Five things to know in Bitcoin this week, according to Cointelegraph:

  • Spot price action has traders dreaming of breakout
  • Fresh macro triggers line up for crypto
  • RSI breakdown risk echoes 2018
  • Hodlers stay as determined as ever
  • Fear enters its second consecutive month

Podcast of the Day: The Scoop - The “culture of excess” in crypto lending is over

TRENDING

     Gaining Traction

  • John Mack: Former Morgan Stanley CEO Says He Owns Bitcoin (Cryptoglobe | Finbold | TDH)
  • Kevin O'Leary: Shark Tank Star Says Over $1 Trillion in Sovereign Wealth Funds Could Go to Bitcoin (Cryptoglobe | TDH | BIC)
  • Wintermute repays $92M TrueFi loan on time despite suffering $160M hack (Cointelegraph | TB | Coindesk)
  • TempleDAO hacker moves funds via sanctioned crypto mixer Tornado Cash (TB | Coindesk | Blockworks)
  • 51% of Ethereum Node Validators Can Censor Your Transactions (BICCointelegraph | Coindesk)
  • Mango Markets exploiter comes clean, claims all actions were legal (TB | Bitcoinist | Cointelegraph)
  • Ripple’s XRP Ledger Is Getting a Sidechain That’s Compatible With Ethereum (Decrypt | TB | BIC)

CRYPTO MARKET

  • Here are the three biggest stories in crypto to look out for this coming week (TB)
  • High-net-worth investors prefer direct crypto investments over cryptocurrency ETFs, data shows (Finbold)
  • France approves its third-biggest bank to operate digital asset services (TB | BIC)
  • UK Crypto Boom – Over 50% Of Top British Banks Facilitate Digital Currency Transactions (Bitcoinist | Finbold)
  • Ex-Morgan Stanley CEO admits crypto could be ‘a huge way’ powering monetary transactions (Finbold)
  • deVere Group CEO: ‘Savvy, Long-Term Crypto Investors’ Will Be Buying Crypto ‘On the Cheap’ (Cryptoglobe | TDH)
  • Tron CEO Believes Crypto Will Return to China, Here's Why (UToday)
  • BNY Mellon CEO on Crypto: ‘Prepared’ To Support Client Needs ‘On This Important Journey’ (Cryptoglobe)
  • 75% of Young US Investors Want to Diversify Portfolios With Crypto (BoA Survey) (CryptoPotato)
  • Digital Currency Could Soon Become Legal Tender In Macau – Here’s How (Bitcoinist)
  • Germany leaves the US behind in top crypto economies in Q3: Report (Cointelegraph)

BITCOIN

  • ‘Get ready’ for BTC volatility — 5 things to know in Bitcoin this week (Cointelegraph)
  • Only the Smartest (and Most Foolish) Investors Own Bitcoin: Bank of Canada (CryptoPotato)
  • Why Bitcoin is Still a Great Opportunity According to DBS Bank (CryptoPotato)
  • Bitcoin in space is good for user privacy, says Adam Back (Cointelegraph)

     Price

  • Bitcoin (BTC) Price Risks Persist as Demand Wanes (BIC)
  • Crypto Analytics Firm Says One Bitcoin Metric Has Turned Bearish – But price normally increases (TDH)
  • Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct (Cointelegraph)
  • TA indicator hints at sharp selling pressure for Bitcoin ahead (Finbold)
  • Pay No Attention to the Price of Bitcoin and Ethereum (Decrypt)
  • Will Bitcoin Become More Volatile As US Inflation Hits 8.2% (NewsBTC)
  • Latest Findings Show A Reduction In Sell Off, Is A Bitcoin Rally Ahead? (NewsBTC)
  • Bitcoin Closer to Bullish Takeover Than You Think, Data Suggests (UToday)

     Mining

  • Riot Blockchain CEO: Firm Is One of Mining Space’s ‘Best-positioned Acquirers’ (Blockworks)
  • Bitcoin Fails to Produce 1 Block for Over an Hour (Coindesk)
  • Digihost is latest bitcoin miner stock to face delisting, trading below $1 (TB)

     ETF

      Acceptance/Adoption

  • MicroStrategy (MSTR) outperforms leading traditional assets since adopting Bitcoin standard (Finbold)
  • $BTC: Bitfinex and Tether CTO Pays for Coffee With Bitcoin at McDonald’s in Switzerland (Cryptoglobe)
  • Beers for Bitcoin: Here’s the story of Satoshi’s Place pub in the UK (Cointelegraph)

MEET THE CATHOLIC NUNS WHO ARE BUILDING A NEW CHURCH WITH BITCOIN

ETHEREUM

  • Here's Why Ethereum's Price Crashed So Low Since Merge: Details (UToday)
  • Ethereum Whale and Shark Addresses Offload as ETH Price Struggles (BIC)
  • Ethereum (ETH) Price Up, But Why Bulls Still Can’t Rejoice (BIC)
  • Ethereum Price Tries To Move Upwards As It Tries To Break Consolidation, What’s Next? (NewsBTC)

BNB

  • BNB Chain responds with next steps for cross-chain security after network exploit (Cointelegraph)

XRP

  • Market Watch: Ripple (XRP) Plummets 12% Weekly While Crypto Market Stagnates (CryptoPotato)
  • 3 signs suggesting the XRP price boom can continue in Q4 2022 (Cointelegraph)
  • Crypto Attorney Predicts Next Move in Ripple and XRP Lawsuit After SEC Evidence Setback (TDH)
  • Crypto Expert Panel Predicts $XRP Could Surge to $3.8 if Ripple Wins Legal Battle Against SEC (Cryptoglobe)

CARDANO

  • Cardano (ADA) Price Prediction: More Pain Yet To Come (NewsBTC)
  • Cardano (ADA) Price Continues to Slide With No Near-Term Bullish Catalysts (BIC)
  • Cardano bug reportedly allows nodes to illegally manipulate transaction orders (Finbold)
  • Cardano: Here's How Far ADA Has Moved with Glance at Top 15 Cryptos in 2017 (UToday)

SOLANA

  • Solana Founder: We're More 'Complementary' to Ethereum Than 'Killer' (Decrypt)

DOGE

  • Whales Grabbing DOGE Frantically as Its Trading Volume Spikes (UToday)

LEGISLATION/REGULATION

  • CFTC Commissioner to Pitch Retail Investor Definition to Get Set for Crypto (CoindeskCointelegraph)
  • CFTC action shows why crypto developers should get ready to leave the US (Cointelegraph)
  • CZ Responds to Reuters FUD About Binance Regulatory Compliance (CryptoPotato)
  • What new EU sanctions mean for crypto exchanges and their Russian clients (Cointelegraph)

LEGAL BATTLES

  • Ripple CEO Brad Garlinghouse Outraged Over XRP Lawsuit and SEC Litigation (BIC | Cryptoglobe)
  • Ripple vs. SEC: Lawyer explains source of ‘confusion’ over Hinman’s emails (Finbold)
  • SEC v. XRP: Ripple Partner TapJets Defends XRP Utility in New Brief to Court (UToday)
  • Crypto lender Celsius incurs more than $3 million in legal fees (TB)
  • Celsius judge says court may look to UK consultation paper in absence of US guidance (Cointelegraph)
  • UK Court Bans ‘Britain’s Pablo Escobar’ From Using WhatsApp And Bitcoin (Bitcoinist)

ATTACKS/HACKS/SCAMS

  • Mango Markets Community Conflicted Over Record $47M ‘Bounty’ (BIC)
  • Mango Markets Exploit Plot Revealed (Blockworks)
  • Mango Madness: Exploiter Could Walk Away With Unparalleled ~$50M Bug Bounty (NewsBTC | Coindesk)
  • Man Faces 25 Years Behind Bars for Illegally Converting Bitcoin (BTC) to US Dollars in Money Laundering Scheme (TDH)
  • North Korea’s Lazarus behind years of crypto hacks in Japan: Police (Cointelegraph)

WATCH

LISTEN

  • SLP423: Paolo Ardoino - What’s Going on with Bitcoin in Lugano? 

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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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