22 Feb: Calm Before the Storm?

22 Feb: Calm Before the Storm?

By theinspired | Inspiration | 22 Feb 2023


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Guess what day it is Folks? Humpday! Yesterday, it was questioned if Hong Kong would pump Crypto; guess not. There is nothing trending so far this morning. It's a quiet news day and when it lulls like this - is it the calm before the storm? Something big is brewing so buckle up!

Trending News Topics:

  • NY Sues CoinEx
  • Rep. Tom Emmer sponsors no CBDC bill
  • Voyager being probed

CRYPTO

Developer Activity Shows Healthy Growth of the Crypto Space.

BITCOIN & ETHEREUM

Can Bitcoin price hold $24K as stocks correlation hits lowest since 2021? Bitcoin Volatility Holds Steady as the VIX and MOVE Spike. Nearly $370 Billion in Bitcoin Has Gone 'Dormant;' Spot Volumes Hit New Yearly High As $BTC Turns Volatile. Bitcoin must leverage $1T central bank liquidity to beat sellers — research. Bitcoin Rally Fueled By USD Coin (USDC) Rotating Into BTC: Santiment. Bitcoin Lightning Network growth is organic, coming from real-world adoption. An Overlooked Source of BTC Support: Its Price Floor. The Bank for International Settlements (BIS) says that rising Bitcoin prices spur much greater adoption just a few months later. Bitcoin Price Remains Lower After Release of FOMC Minutes.(2) Investing Legend Ray Dalio Slams Bitcoin and Crypto, Says Digital Assets Are Not Storeholds of Wealth.

Luxor Mining acquires Ordinalhub amid Bitcoin-based NFTs hype. Bitcoin Miners Celebrate 10 Years Since First ASIC, What Changed Since Then?

Ethereum derivatives data suggests $1,700 might not remain a resistance level for long, as Ethereum Reduction in Supply Reaches New Record – Will Price Rise to $2,000?. Ethereum Shapella upgrade gets new date (Feb 28th), making way for un-staking $ETH.(4) Ethereum Rally A Bull Trap? Possibly.

550,000% ROI: How Alexis Ohanian Turned $15K into $82 Million With Ethereum.

STABLECOINS

BIS general manager Agustin Carstens imagines financial innovation without stablecoins; "serious doubts" they could be money. BIS head claims fiat won battle with crypto, Bitcoin community disagrees.(6) BUSD Stablecoin Temporarily Plunges to $0.20 on Binance. Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin.

ALTCOINS

Bullish Ripple News Could Propel XRP Price to Break out From Long-Term Resistance. How to create NFTs on the Cardano blockchain. Dogecoin Surges 6% Due To New Tweet From Elon Musk. Dogecoin Holders’ Profit Margin Remains High As Most Opt To Hold For Longer. Breaking: Polygon blockchain reportedly suffers network outage.(3) Polygonscan Didn't Update for an Hour, Spurring Unfounded Fear of Blockchain Outage.(3)

EXCHANGES

Coinbase says it's in strong regulatory position despite 'disjointed' US approach;(2) in talks to create a federally regulated crypto exchange. Coinbase earnings beat thanks to USDC interest income, analysts say.(2) France pilots in-store crypto payments as Binance partners with Ingenico.(3) Binance Urges Industry-Wide Action to Boost Trust in Crypto. Binance Shifts to ‘Semi-AutomatedProcess to Manage Reserves of Tokens It Issues: Bloomberg.(3)

LEGISLATION/REGULATION

US lawmaker Rep. Tom Emmer introduces bill aimed at limiting Fed's authority on digital dollar.(5) Rep. Maxine Waters says all US regulators 'better get together on crypto.' Caitlin Long Sees 'Coordinated Effort' Among Regulators for Custodia Rejection. New York state announces another upgrade to its virtual currency monitoring capacity. Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill. New Canadian rules for crypto trading platforms leave little room for stablecoins.(4) New York Attorney General sues CoinEx crypto exchange over registration.(6) Gary Gensler’s SEC is playing a game, but not the one you think.

LEGAL CASES

Ripple: SEC Chair Gensler Hides Dirty Secrets, CryptoLaw Unveils Them. Ripple v. SEC: Motion filed to amend request to access Hinman speech citing error. Sam Bankman-Fried’s Political Activity Will Cast a Long Shadow. Sam Bankman-Fried Fights Subpoena for Remote Deposition. Voyager’s Binance US Sale Plan ‘Full Steam Ahead,’ Counsel Says. Meanwhile, Voyager Being Probed for Deceptive Crypto Marketing, FTC Says.(4)

ATTACKS/HACKS/SCAMS

Crypto Money Laundering Is on the Rise, Law Enforcement Are Paying Attention. Security team creates dashboard to detect potential NFT hacks in OpenSea. Was OneCoin’s Missing Cryptoqueen Murdered by Mobsters?(2)

Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.

WATCH

LISTEN

Podcast of the day: Sidelined crypto VCs are jumping back into the market | The Scoop

Other Podcast

  • Casey Rodarmor on Ordinals, Inscriptions, and Digital Property Rights | On The Brink
  • #397: Nostr and Lightning Are The Real Web 3.0 with Myles Snider | TFTC
  • Narrative Watch: Hong Kong Nudges Towards Legalizing Crypto Trading for Retail | The Breakdown
  • SEC Commissioner Hester Peirce: Come Help Us Create Better Crypto Regulation | The Wolf of All Streets
  • Chat_77 - NVK on Stone Cold Storage in a Fiat World | Bitcoin Audible
  • Feb 21: Former FTX Head of Partnerships Has a New Job | gm
  • The Biggest Policy Threats To Bitcoin Mining | Riot Platforms | The Mining Pod
  • "Dawn of the Bitcoin Renaissance" with Brady Swenson - February 21st, 2023 | The Cafe Bitcoin Podcast
  • BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin | Bitcoin Fundamentals
  • The Polygon NFT Ecosystem with Frank (DeGods), Zhuoxun Yin (Magic Eden), & Stani Kulechov (Lens) | Bankless
  • How Are Bankruptcy Courts Shaping Crypto Law? | Bloomberg Crypto

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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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