"Things are not quite so simple always as black and white."
 –Doris Lessing

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BREAKING

• Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform (Coindesk | TB | NewsBTC | BM | Cointelegraph | Blockworks | BIC | ZyCrypto | TDH)

JUST IN

• Brazil's cryptocurrency regulation set to become law at midnight (TB | BM | Coindesk | CryptoPotato)

READ

Folks, guess what day it is? Humpday! Yesterday, the most covered news was Bitcoin miner Greenidge signing a debt restructuring deal with NYDIG with bankruptcy looming and Core Scientific isn't so lucky, they are filing Bankruptcy and is the most covered news of the day. Outside of that Gemini creditor committee presents plan to resolve liquidity issues and could keep the wheels from falling off this market. Lastly it appears one in five own digital currencies so this isn't going away anytime soon. 

Meanwhile, Bitcoin continues to trade slightly under $17K, I continue to believe we will see $20K before we see $10k. 

WATCH

LISTEN

Podcast of the Day: Bitcoin Trusts, Inheritance Planning & Multi-Sig Custody with Matt McClintock and Paul Tarantino - December 20th, 2022 | Cafe Bitcoin 

Other Podcast

• Exchanges are counting on ‘proof-of-reserves’ to restore consumer confidence, says Bitstamp US CEO | The Scoop
• Dec 20: Anxiety Builds as Grayscale Solvency in Doubt | Decypt Daily

SOURCES

CRYPTO MARKET

• Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor (Coindesk | CNBC | Bitcoinist | BIC | Finbold | Cointelegraph)
• Alaska adds ‘virtual currency’ to its regulatory regime (Cointelegraph)
• Crypto on-chain crime drama sees the good guys finally win (Cointelegraph)
• Consumers are crypto-curious — One in five own digital currency: Accenture (Cointelegraph)
• Here’s What Happened to QuadrigaCX-Linked Bitcoins That Were Recently Moved in Unauthorized Transfer (Coindesk | UToday)
• Gemini Creditor Committee Presents Plan to Resolve Liquidity Issues (Coindesk | TB | BIC | Cointelegraph)
• Private Banks to Manage Future Digital Euro Wallets, Transactions (Coindesk)
• What Morgan Stanley CEO James Gorman Thinks About Crypto (Cryptoglobe)
• Coinbase Predicts Extended Crypto Winter for Altcoins (CryptoPotato)
• Craig Wright v. Peter McCormack: Judge Rules McCormack Should Pay Around $1.1M in Costs (Coindesk)
• Coinbase secures VASP registration in Ireland (Cointelegraph)
• Self-Custody Is the Antidote to FTX’s Fraud (Coindesk)
• There's Less Money in Crypto, and That's a Good Thing (Coindesk)

BINANCE

• Binance FUD Leads To Drop In Bitcoin Volume, Other Exchanges See 52% Rise (Bitcoinist)

BTC

     Mining

• Publicly traded crypto miner Core Scientific files for Chapter 11 bankruptcy (TB | Coindesk | BIC | CryptoPotato | Bitcoinist | Cointelegraph | TB | Coindesk | CNBC | Coindesk | TB | CryptoPotato | TDH | Coindesk)
• Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022 (Cointelegraph)

     Price

• Bitcoin Eyes $17K, Ethereum Classic Jumps 5% (Market Watch) (CryptoPotato)
• Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone (Cointelegraph)
• Bitcoin Price Signals Rejection and Poised To Start Another Decline (NewsBTC)
• Bitcoin bulls and bears clash over critical end of 2022 price level (Finbold)
• Bitcoin Trades Sideways as Stocks Get Pre-Holiday Bounce (Coindesk)
• Bitcoin (BTC) Reaching Its ‘Breaking Point’ Before Major Capitulation, Says Crypto Analyst Nicholas Merten (TDH)
• U.S. Stocks Likely To Retrace And Push Bitcoin Down Before Christmas (Bitcoinist)

     Misc

• The Various Civilizational Roles Of Bitcoin (BM)
• Built on Bitcoin in 2022: Top Bitcoin Newsletter Publishes Its Year-End Review (Coindesk)
• Fir Tree: Grayscale Potential Tender Offer Is ‘Lip Service’ (Blockworks)

ETH

• Ethereum (ETH): Are There Reasons to Worry About Altcoin's Next Update? (UToday)
• Layer 2 Ethereum Networks Flip L1 In Transactions Per Second (BIC)
• Is Ethereum’s Censorship Problem Taking a Turn? (Coindesk)
• Crypto Analyst Predicts Relief Rally for Ethereum, Reveals Entry Points for One Low Cap Altcoin (TDH)

BNB

• How has BNB fared with FUD surrounding Binance? (UToday)

XRP

• XRP demand booms among crypto whales as accumulation hits an all-time high (Finbold)
• Ripple v. SEC: Big Date for Another Public Reveal Nears as Ripple Scores Minor Win (UToday)
• Tens of Millions of XRP Shoveled by Ripple Partner Bitso as XRP Drops 12% Weekly (UToday)
• Large XRP Holders Accumulate So Much XRP That They Set Records (UToday)

MATIC

• Polygon Reveals Massive Year for DeFi in 2023 and Beyond: Details (UToday)

LTC

• Litecoin (LTC) Goes Through 7% Recovery, Could It Be Another Golden Cross? (UToday)

FTX FIASCO

• Decrypt's 2022 Person of the Year: Sam Bankman-Fried (Decrypt)
• Not Just Democrats: FTX Exec Gave Tens of Millions to GOP Causes (Blockworks)
• Pantera CEO on the FTX collapse: Blockchain didn’t fail (Cointelegraph)
• Bernie Madoff’s Lawyer: Sam Bankman-Fried Should ‘Shut Up’ (Coindesk)
• Distressed Investors Drawn to FTX Claims Following Bankruptcy Filing (BIC)
• Third parties could return FTX funds directly to customers: Law firm (Cointelegraph)