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Happy Monday Folks! Yesterday, two Presidential hopefuls announced they would accept Bitcoin donations, Bitcoin continues to trade in a vary narrow range, and Huobi is forced to shutdown in Malaysia; the price of Bitcoin is currently at $27,308.57. The fear and greed index inched up to 50 and the best performing asset for the past 24 hours is $ADA up 0.20%; in position #7. Let's get on to the news...
Trending News Topics:
- HODLers HODLing (5)
- Ledger delays (4)
- Core Scientific Might Exit Bankruptcy (3)
Outflows across all Crypto asset investment products hit $232M over the past five weeks on "poor" BTC sentiment; upside is likely capped. But boring is good with Bitcoin. Meanwhile, Bitcoin is ready to soar as dormant supply increases as "HODLers" refuse to sell; as Michael Saylor says, "Never sell Laura." Speaking of Saylor, he believes "all big banks" will one day custody Bitcoin. $MSTR provides better exposure to Bitcoin than Coinbase stock because MicroStrategy holds over $140K $BTC. But is the U.S. losing the Bitcoin movement? If you listen to Cathie Wood you'd believe so.
Core Scientific makes progress towards Bankruptcy exit.
Staked ETH continue to rise since the Shapella upgrade. XRP maintains it's growth. Cardano network faces major problems with Swaps taking 30 minutes to process; but small HODLers will drive the next rally. Just when you think the dog is down, Dogecoin reaches all-time high in daily transactions.
Tether market cap edges toward all-time high as minting on Tron surges.
Binance blast "desperate" reuters report it commingled customer and company funds. US Government could create backdoor to smartphones to access Crypto wallets, warns Balaji Srinivasan. Ledger CEO Eric Larcheveque concedes subpoena to access users funds is a concern; delays recovery feature until open sourcing is available. Bitcoin of America to stop operating unlicensed Crypto ATMs in Connecticut.
Coinbase is still fighting with the SEC and has filed a Mandamus petition; which basically forces them to correct an abuse of discretion. In addition, they just launched their "Wallet as a Service' on Ethereum mainnet. As the industry fights with the U.S. regulator over “impossible” demands, Prometheum Capital and others win approvals to deal in crypto securities.. Wright Thurston and Kristoffer Krohn filed to dismiss a suit by the SEC for a Crypto mining scheme, saying the SEC doesn't have authority over Crypto; umm that's not going to fly. Attorney General Ellen Rosenblum recuses herself from criminal investigation into former FTX Executive Nishad Singh.
North Korea's BlueNoroff is targeting macOS users with a malware called RustBucket; it installs a backdoor PDF reader which can steal Crypto from users. FBI releases warning about fake Crypto job advertisements.
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Podcast of the Day: Making Sense of Texas’ Bitcoin Bills | Lee Bratcher | The Mining Pod
