“The hardest thing to understand in the world is the income tax.”
-Albert Einstein
Happy Monday and Happy Tax Day! The Crypto markets continue to be in no-mans land after another drop over the holiday weekend. Not a lot going on other than liquidations. Web 3 continues to attract attention as Global NFT volume grows over 200% in 2022. Regulation continues in Ireland, Iran, and Russia. Binance enters a joint venture in Thailand and an exchange in Canada gets acquired. Bitcoin and Politics go together like peanut butter in jelly so listen to the On The Brink podcast as Nic talks with Josh Mandel; Ohio Senate candidate.
JUST IN
- Github suspends accounts of Russian developers linked to sanctioned firms (Cointelegraph)
- Crypto firm Exmo exits Russia and Belarus by selling part of its business (Cointelegraph)
- Algorand Rents Times Square Billboard to Tout Green Cred Ahead of Earth Day (Coindesk)
- Digital Funds Seeks to Launch Tokenized S&P 500 Fund (Blockworks)
MARKET WATCH
- What Would Deglobalization Mean for Bitcoin’s Price? (Coindesk)
- Is asymmetric information driving crypto’s wild price swings? (Cointelegraph)
- Crypto Market Liquidations Reached $200 Million as Bitcoin Breaks 80-Day Support (UToday)
- Race To $1 Trillion: Crypto Price Data Reveals When Bitcoin, Ethereum, BNB, XRP, Cardano And Others Could Hit The Milestone (Forbes)
BECOMING A SOVEREIGN INDIVIDUAL WITH BITCOIN DISCUSSED AT BITCOIN 2022
BITCOIN
- Is Bitcoin 'cheap' below $40,000? BTC derivative metrics are mixed (Cointelegraph)
- Bitcoin Holding Support Above $37K; Resistance at $45K (Coindesk)
- On-Chain Data: Bitcoin Whales Buy The Dip As BTC Drops To $39k (NewsBTC)
- First Mover Americas: Bitcoin's Exchange Balance Hits 3.5-Year Low (Coindesk)
- Bitcoin Transaction Fee Hits 2-Year Low as BTC Plunges Below $39,000: Details (UToday | ZyCrypto)
- BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high (Cointelegraph)
- US dollar strength mimics 2020 Coronavirus crash — 5 things to know in Bitcoin this week (Coindesk)
- Bitcoin (BTC) Falls Back Below $40,000 to Close Third Successive Bearish Week (be[IN]crypto | CryptoPotato | Coindesk | Decrypt)
- Bitcoin (BTC) Trading Volume Down More Than $3.6 Trillion in Quarterly Low (be[IN]crypto)
- Bitcoin average transaction fees lowest in two years at $1.04 (Cointelegraph)
- Is Bitcoin a Risk-On or a Risk-Off Asset? Maybe It’s Neither (Coindesk)
- As Sri Lankan Rupee Falls to a Historic Low, Data Suggests Bitcoin as an Alternative (be[IN]crypto)
ALTCOINS
- Terra Soars 9%, Outstripping Other Top Coins (UToday)
- Ethereum Foundation Reveals it Holds $1.6B in ETH as of March 2022 (CryptoPotato | EWN | be[IN]crypto | Coindesk | ZyCrypto)
- Algorithm Known for Outperforming Crypto Markets Favors Ethereum (ETH), Terra (LUNA), Solana (SOL) and One Additional Altcoin (The Daily Hodl)
- Litecoin (LTC) At Risk of Breaking Down Below 300-Day Support Level (be[IN]crypto)
- Shiba, Dogecoin Among Biggest Losers as Macro Fears Lead to Market Fall (Coindesk)
- 1.71 Trillion SHIB Grabbed by Whales Over Past Week: WhaleStats (UToday | Cryptoglobe | UToday)
- Decred price soars 45% in one day three weeks before a major hard fork (Cointelegraph)
- Despite Drop, Compound’s (COMP) Bullish Divergences Still Intact (be[IN]crypto)
ANALYST'S CORNER
- PlanB: Quantitative Analyst PlanB Says Two Catalysts Could Trigger Next Bitcoin (BTC) Rally (The Daily Hodl)
- TechDev: Three Indicators With Historic Track Record for Calling Bitcoin (BTC) Rallies Flash Bullish: Crypto Analyst (The Daily Hodl)
- Nicholas Merten: Bulls Still in Control Despite Bitcoin Dip Below $40,000, Says Crypto Analyst Nicholas Merten – Here’s Why (The Daily Hodl)
- Raoul Pal: Ethereum Has Squashed One of the Key Arguments for Holding Bitcoin, According to Macro Guru Raoul Pal (The Daily Hodl)
- InvestAnswers: Current Economic Conditions Make Top Analyst ‘Amazingly Bullish’ on Crypto and Tech Stocks – Here’s Why (The Daily Hodl)
- Michael van de Poppe: Top Analyst Says Big Run Coming for XRP and Litecoin, Predicts One Metric Will Trigger Next Crypto Bull Cycle (The Daily Hodl | Cryptoglobe)
- Coin Bureau: Solana (SOL) Faces Stiff Competition From Another Hot Ethereum Competitor, Says Coin Bureau (The Daily Hodl)
- Ali Martinez: Crypto expert identifies Bitcoin’s ‘last line of defense’ to prevent BTC falling below $30,000 (Finbold)
NOTABLE VOICES
- Greg King: Crypto Execs ‘Read the Tea Leaves’ on Spot Bitcoin ETF Approval (Blockworks)
- Paolo Ardoino: Tether on UST: 'It's All Fun and Games' Until You're a $100B Coin (Coindesk)
- David Olsson: What is driving institutions to invest in crypto? BlockFi's David Olsson explains (Cointelegraph)
- Michael Sonnenshein: Spot Bitcoin ETF is a Matter of When, Not If (Bitcoin Magazine | Finbold)
- Mohamed A. El-Erian: Crypto Will Go Higher Should Fed Raise Inflation Target: Top Economist (UToday | be[IN]crypto)
- Mark Cuban: Billionaire Is Making Big Changes to His Crypto Portfolio – Here’s a Look at His Ethereum Wallet (The Daily Hodl)
- Scott Kelly: NFTs offer astronauts 'new outlet' to share experiences, says spaceman (Cointelegraph)
- Andre Cronje: Father of DeFi Sensationally Calls for Crypto Regulation: New Blog (UToday | The Block | Bitcoinist | Cointelegraph | The Block)
- Chris DeWolfe: Myspace founder predicts blockchain gaming to be ‘dominant place’ for socializing (Cointelegraph)
- Matthew Ball: Metaverse Man (Coindesk)
WEB3
- Atari claims its namesake token is now 'unlicensed' as it terminates blockchain joint venture (Cointelegraph | UToday)
- Kevin Rose’s Moonbirds Ethereum NFT Launch Generates $280M in Two Days (Decrypt | Coindesk | Coindesk | Cointelegraph)
- Global NFT trading volume grows over 200% in 2022 surpassing $50 billion (Finbold)
- Top 5 Metaverses to Watch in 2022 for Crypto and Gaming Enthusiasts (be[IN]crypto)
- Hyundai Motor becomes the first automaker to issue community-based NFTs (Finbold)
- Louis Vuitton Doubles Down on NFT Efforts Despite Dwindling Interest (be[IN]crypto)
- Holo: A 3D Hologram Inside a Crystal Box, Sold Via Smart Contract (be[IN]crypto)
- How Web3 is redefining storytelling for creators and fans through NFTs (Cointelegraph)
ACCEPTANCE
- You Can Pay With $ETH and $APE at This ‘Bored Ape’ Themed Burger Restaurant (Cryptoglobe)
PARTNERSHIPS/ACQUISITIONS
- Binances’s Joint Venture With Billionaire Sarath Ratanavadi’s Gulf Energy To Seek Digital Exchange License In Thailand (Forbes | The Block | Cointelegraph | CryptoPotato)
- Canada’s WonderFi Bulks Up Further With Planned $31M Acquisition of Coinberry Crypto Exchange (Coindesk | Blockworks | CryptoPotato | UToday | The Block | Cointelegraph | be[IN]crypto)
CBDCs/STABLECOINS
- UST Becomes the Third-Largest Stablecoin Surpassing BUSD (be[IN]crypto | Cointelegraph | Decrypt | ZyCrypto | NewsBTC)
BLOCKCHAINS
- Polygon ($MATIC) ‘Going Carbon-Negative in 2022, and Climate Positive Beyond That’ (Cryptoglobe)
- Cardano adds almost 100,000 wallets to its network in a month as ERC-20 converter launch nears (Finbold)
- Cardano (ADA) Interoperability Reaches Crucial Milestone: ADA/AGIX Converter Is Live (UToday)
- Move-to-earn: An active play-to-earn offshoot (Cointelegraph)
- Monero community reaches consensus for July hard fork (Cointelegraph)
EXCHANGES
- Indian Crypto Exchanges Go P2P to Skirt Payment Channel Restrictions (be[IN]crypto)
- EXMO Crypto Exchange Suspends Services to Russian and Belarusian Clients (be[IN]crypto | Coindesk)
MINING
- How Bitcoin mining devastated this New York town (MIT Technology Review)
- Core Scientific Begins Reporting Daily Bitcoin Mining Production (Coindesk)
THE UNIQUE PROPERTY INSURANCE CONSIDERATIONS FOR BITCOIN MINING OPERATIONS
REGULATION/TAXATION
- Rhode Island lawmakers introduce 'green coin' in housing bill (The Block)
- Crypto Proponents Fear SEC 'Backdoor' Regulations on Exchanges, Dealers (Coindesk)
- Crypto-focused PAC has used $9M to support Democratic candidates since January (Cointelegraph)
- Self-Regulatory Organizations Growing Alongside New U.S. Crypto Regulation (Cointelegraph)
- Republican lawmakers accuse SEC of restricting crypto exchanges in recent rulemakings (The Block | Cointelegraph | be[IN]crypto)
- The Right Tax Treatment of Staking Rewards Is Clear: Taxation Only After Sale (Coindesk)
- How to Calculate Cost Basis for Crypto Taxes (Decrypt)
- Ireland to Ban Crypto Donations to Political Parties Citing Overseas Interference (be[IN]crypto | Cointelegraph | Coindesk | Decrypt)
- Iran to stiffen penalties for illegal use of subsidized energy in crypto mining (Cointelegraph)
- Russian bankers reportedly want to outlaw noncustodial crypto wallets (Cointelegraph | be[IN]crypto)
- Ethereum-Based Coin Mixer Tornado Cash Blocks Sanctioned ETH Addresses, Founder Says There Are Limits to Privacy (The Daily Hodl)
- France's Crypto Industry Fights Institutional Caution (Coindesk)
HACKS/ATTACKS/SCAMS
- Beanstalk Farms loses $182M in DeFi governance exploit (Cointelegraph | be[IN]crypto | Finbold | Decrypt | Blockworks)
- MetaMask warns Apple users over iCloud phishing attacks (Cointelegraph | The Block | be[IN]crypto | Bitcoinist | Blockworks | The Daily Hodl)
- Currency.com reveals ‘failed’ Russian cyberattack after leaving Russia last week (Finbold)
- Three plead guilty to crypto-related wire fraud in New Hampshire (The Block)
- Latest Twitter scam aims to capitalize on Moonbirds success — and snares Bernie Sanders' son's verified account (The Block)
- North Korean Hackers Responsible for Last Month’s Ronin Theft, FBI Confirms (Blockworks | Coindesk | Cointelegraph | The Block)
PODCASTS
- On The Brink: Josh Mandel on Running on a Pro Bitcoin Platform
- Bankless: 114 - In Defense of Bitcoin Maximalism | Vitalik Buterin
- The Scoop: Mastercard’s global head of crypto explains how the company is embracing NFTs and more
