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Follow Dat Money | Crypto Projections
LEAVE ME A COMMENT: What do you think the price of Bitcoin will be by the end of the week? Higher or Lower?
READ
Happy Tuesday Folks! Yesterday, Bitcoin was being compared to Gold, Stablecoin bill was presented, 1M $ETH was withrdrawn. The fear and greed index dropped to 58 which was very healthy as the market continues its bull run and the best performing asset for the past 24 hours was $SOL up 0.94% as it clings to position #10. Check out the Crypto Projections link above as analyst InvestAnswers believes SOL is set for rapid growth and Mike McGlone believes recession could crush this run. Let's get on to the news...
Trending News Topics:
- SEC charges Bittrex (8)
- Bhutan bought Bitcoin (5)
- MicroStrategy adds Lightning (3)
CRYPTO
Crypto Investments Report Positive Flows for Fourth Consecutive Week: CoinShares. China’s state-affiliated banks are on-boarding crypto companies in Hong Kong.
QUESTION: Are Investors Confident About the Safety and Reliability of Cryptocurrency in 2023? Beware: Crypto Fear & Greed index hits 17-month high; Bubble about to burst?
OPINION: Crypto Veteran Bobby Lee Says Crypto Spring Underway As Banking Crisis Sways Investors.(2) The Biggest Crypto Bull Cycle Is Upon Us: Bernstein. Bitcoin mining and increasing energy bills — Sen. Warren vs. Crypto Twitter.
BITCOIN
Bitcoin Settles In Below $29.5K as Appeal of Riskier Assets Lessens. Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market. Bitcoin Is Mirroring 2018 Bear Market Recovery. Bitcoin (BTC) Might Hit 500% Growth as Halving Indicator Flashes. Bitcoin Reserve Risk Multiple Indicator Signals Onset of Major Bull Run. Bitcoin price struggles to hold above $30K amid regulatory uncertainty.
This Upgrade Could Make It Harder for Governments to Censor Bitcoin. Bhutan Bought Millions in Bitcoin and Other Cryptos.(5) MicroStrategy’s Saylor Integrates Bitcoin Lightning Address Into Corporate Email.(3) Intel will stop manufacturing chips for Bitcoin miners.(2)
OPINION: Bitcoin and Gold’s Bright Future, According to ByteTree Asset Management CIO Charlie Morris. Oaktree Founder Calls Bitcoin the ‘Anti-Bank Play.’ US Authorities Coordinating To Suppress Price of Bitcoin Before Hyper Inflation Takes Off: Macro Investor Luke Gromen.
QUESTION: Is Bitcoin (BTC) Price Due for Mild Correction as Crypto Investors Eye Altcoins? Can Bitcoin Serve as a Global Currency After the Apocalypse? Regulated Bitcoin Futures: A Faustian Bargain?
ETHEREUM
Ethereum Shanghai Upgrade Leads to Huge Influx of ETH at Exchanges. Nearly $2 Billion in Ethereum ($ETH) Are Waiting to Be Unstaked, Blockchain Data Shows. However, ETH staking passes withdrawals for the first time after Shapella upgrade.(3) Ethereum Rainbow chart sets ETH price for end of 2023. Ethereum Unstaking Requests Now Face About a 17-Day Wait.
STABLECOINS & CBDCs
TUSD Surpasses Tether As Binance’s Largest Pair for Bitcoin, but Tether market cap eyes record high after regaining 65% stablecoin dominance. Cardano's Djed Stablecoin Surpasses Major Multimillion Milestone. Stablecoins Gain Traction as Inflationary Shield in Latin America With Growth in Europe. Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel.(2) Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like. US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine.’
ALTCOINS
XRP Loses 7% From Local High. Total Value Locked on Cardano ($ADA) DeFi Ecosystem Surged Over 250% Year-to-Date. Cardano Continues to Impress: Research Report Highlights Strong Q1 2023 Performance.
QUESTION: Is Ripple (XRP) Headed for a Price Correction?
EXCHANGES
CME Group to expand Bitcoin and Ether option expires after record daily volume.(3) Paxful Co-Founder Says 88% of Customer Accounts Have Been Unfrozen.(2) Blockchain platform for trading securities OTC moves forward with SEC approval. Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape. Crypto Exchange Bybit Opens Global HQ in Dubai. FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital.
LESSON: What Are Crypto Wallets – A Step-by-Step Guide for Beginners
QUESTION: Is Coinbase Quitting the US?
LEGISLATION/REGULATION/TAXATION
Circle Executive Dante Disparte Asked To Join US Congressional Hearing on Stablecoin Payments. Crypto policy showdown: SEC chief to testify in huge week for regulation. Financial Stability at Risk From Crypto Stablecoins, Says Bank of England Official. SEC Chairman Gary Gensler Caught Shilling Algorand, Now Deems It a Security.(2) NYDFS adopts regulation to assess supervisory costs for licensed crypto firm. ‘Unfair Crypto Trading’ Sparks South Korean Regulator to Consider Class Action System. ‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax. Kraken receives virtual asset service provider authorization in Ireland ahead of MiCA vote.
OPINION: Coinbase Could Move Away From U.S. if No Regulatory Clarity: CEO Brian Armstrong.(2)
RESPONSE: Dash Hits Back as SEC Claims Its Privacy Payments Tech Makes It a Security. Bittrex founder to customers in SEC filing: ‘Go f*** yourself.’(8) Bittrex Calls Out SEC‘s ‘Crusade’ Against Crypto Firms. Ripple CTO David Schwartz: SEC Claims DASH, ALGO, OMG Buyers Have 'Reasonable Expectation of Profit.'
QUESTION: Regulatory Clarity? Gensler Can’t Give a Simple Yes or No on Ethereum.(4)
LEGAL CASES
Coinbase may face years-long court battle with SEC, CEO Brian Armstrong warns. Crypto Companies May Use a Supreme Court Doctrine to Push Back Against SEC: Lawyer.
ATTACKS/HACKS/SCAMS
Australian crypto scams increased by over 162% with nearly $150M lost.
OPINION: If Crypto OGs Are Being Hacked, Where Does That Leave the Rest of Us?
WATCH
LISTEN
Podcast of the Day: The Sovereign Debt Bubble with Luke Gromen | What Bitcoin Did
Other Podcast
- The House Finally Introduces a Stablecoin Bill, But Will Crypto Opponents Even Come to the Table? | The Breakdown
- Read_721 - IMF Unveils New Global Currency "Universal Monetary Unit" [Tyler Durden] | Bitcoin Audible
- Eric Wall on Eric's Orb | On The Brink
- Bitget - Crypto Copy Trading | The Crypto Conversation
- Good Morning Bitcoin - Bitcoin Adoption in Asia w/ Jimmy Song, Carla, Mike Jarmuz and many more! | Bitcoin Magazine
- MicroStrategy World 2023 with Michael Saylor, Sirish Jajodia, Natalie Brunell, Stephan Livera, Tomer Strolight, Alex Stanczyk and More! - April 17th, 2023 | The Cafe Bitcoin Podcast
