“You know you are on the road to success if you would do your job, and not be paid for it.”
-Oprah Winfrey
Happy Tuesday Folks! We are still trading sideways and normally these are great times to accumulate because the price isn't moving much. At the same time, I want to caution you all from listening to the likes of Tim Draper when they make projects of six figures and above (referring to the Wolf of All Streets Podcast.) I am surprised he didn't learn his lesson the first time but IMHO it's not WISE to make outlandish projects; it doesn't help and if anything it can cause challenges for the novice investor who is looking for that moonshot. Anywhoo - we've got lots of news coverage on Davos that is currently underway and a few other interesting things happening. The Terra Terror is fading - what comes next?
BIG STORIES TO WATCH
- Billionaire Ray Dalio acknowledges his portfolio includes a ‘tiny percentage’ of Bitcoin (Finbold | UToday | Decrypt | CryptoPotato | Bitcoinist | Cryptoglobe | BIC)
- Coinbase becomes the first crypto company to enter the Fortune 500 (TB | Coindesk | Cointelegraph | Decrypt | TDH)
- Central African Republic teases 'Project Sango' crypto hub (TB | Blockworks | CryptoPotato | BIC)
- WeWork founder reinvents himself with $70M crypto carbon credit platform (Coindesk | TB | Cointelegraph | Bitcoinist | CryptoPotato)
- Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery? (NewsBTC | Coindesk | Decrypt)
- Coinbase Wallet App Adds Support for BNB Chain and Avalanche (Cryptoglobe | Cointelegraph)
- Digital securities platform ADDX raises $58 million (TB | Blockworks | Cointelegraph)
- Fidelity's bitcoin index fund surpasses $125 million in investments (TB)
- Basketball star Kevin Durant files for 26 NFT and metaverse applications (Finbold)
CRYPTO WATCH
- Crypto funds under management drop to a low not seen since July 2021 (Cointelegraph)
- “The [SEC] is the Number One Blocker,” says Chamber of Digital Commerce Founder (CryptoPotato)
- MicroStrategy trading at 18-month low following crypto and stock market drop (TB)
- After Week of Record Inflows, Broader Weakness Leads to Digital Asset Outflows of $141 Million (BIC)
- 40% of American Crypto Holders Earn Over $100K Says Federal Reserve Board (BIC)
- European Central Bank reveals 10% of Eurozone households own crypto (Finbold | Cointelegraph)
- ECB Warns That Crypto Risks Could Spill Over Into Wider Economy (Coindesk | UToday | BIC)
- Sumitomo Mitsui Trust to Establish a Crypto Firm Targeting Institutional Clients (CryptoPotato)
- Mainstream Crypto: the Impact of Celebrities and Mega Companies (BIC)
- Let’s Dissect The “Follow The Money #1” Documentary, Pt. 1- Salvadoran Confusion (Bitcoinist)
WEF 2022
- Gavin Wood: WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood (Cointelegraph)
- Francis Suarez: Bitcoin should be seen from an innovation perspective, says Miami mayor (Cointelegraph | Finbold | BIC | CryptoPotato)
- Kristalina Georgieva: IMF chief says Having ‘coin’ in its name doesn’t mean Bitcoin is ‘money’ (Finbold)
- Gita Gopinath: IMF Official Remarks on ‘Very Quick Moves’ in Crypto Market (BIC)
- Blockchain community breaks stereotypes at Davos (Cointelegraph)
- Latest updates from the Cointelegraph Davos team (Cointelegraph)
- WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto (Cointelegraph)
- Ripple CEO Brad Garlinghouse Meets With Georgian Prime Minister To Discuss Adoption of Blockchain (Decrypt)
BITCOINS
- Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over (NewsBTC)
- Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive (Cointelegraph)
- Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level (Cointelegraph)
- Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years (Cointelegaph)
BITCOIN AND THE SOUL-SEEKING OF HUMANITY
ALTCOINS
- Bloodbath: Half of Top 30 Cryptocurrencies 80% Below ATH (CryptoPotato)
- Cardano Whale Tells Institutional Investors ‘Here for the Long Term’ Why They Should Buy $ADA (CryptoGlobe)
- 22 Billion Shiba Inu ($SHIB) Were Burned Over the Past Week, Data Shows (Cryptoglobe | UToday)
- Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price (Cointelegraph)
- FTX Token Becomes Second-Largest Holdings Among Ethereum Whales (Bitcoinist)
- TRON records double-digit gains as number of accounts approaches 100 million (Finbold)
- Top 3 cryptocurrencies that are faring the best in the 2022 bear market (Cointelegraph)
- Anthony Scaramucci Takes Large Position in Algorand (ALGO) (UToday)
STABLECOINS
- TerraUSD (UST), Tether (USDT) Not as Stable and Cannot Guarantee Their Peg at All Times – ECB Crypto Asset Report (EWN)
- Over $10 Billion Pulled From USDT As Stablecoin Crises Continues (Bitcoinist)
ANALYST'S CORNER
- Mike McGlone: Three Factors That Will Favor Bitcoin Vs Crude Oil This Decade: Bloomberg’s Chief Expert (UToday)
- Kevin Svenson: Crypto Strategist Says Bitcoin (BTC) Primed for a Bounce as US Stock Market Flashes Bullish Signals (TDH)
- Benjamin Cowen: Analyst Forecasts Bitcoin Rally As BTC Follows 2018 Market Structure ‘Move for Move’ (TDH)
- Michael van de Poppe: Chainlink, Decentraland and $RUNE Gearing Up for Breakouts (TDH)
- Pentoshi: $AVAX $SOL Gearing Up for Rallies As Crypto Looks Turbo Bullish: Top Analyst (TDH)
- CoinShares: Institutional Investors Accumulate Cardano (ADA) and Polkadot (DOT) As Bitcoin Sees Major Outflows (TDH)
NOTABLE VOICES
- Kevin O'Leary: Shark Tank Investor Says ‘Nightmarish’ Crypto Correction Good for Industry – Here’s Why (Decrypt)
- Jim Rogers: Veteran Investor Optimistic About Future of Crypto Money (Bitcoin.com)
- Mike Sonnenshein: Grayscale CEO: Recent crypto sell-off hasn’t deterred investors (Finbold | TDH)
- Ted Cruz: 'I want Texas to be the oasis on planet Earth for bitcoin and crypto' (TB)
- Charles Hoskinson: “Cardano Is Getting Too Big,” As ADA Network Flares With Activity Ahead Of Vasil Hardfork (ZyCrypto)
- Martin Shkreli: Pharma Bro Ethereum’s Vitalik Buterin 'Brilliant' But Also 'Full of Shit' (Decrypt | EWN)
PEOPLE ON THE MOVE
- Shiba Inu Metaverse's Team Adds Former Technicolor Executive (UToday)
ACCEPTANCE/ADOPTION
- Brazilians can now buy apartments with Bitcoin from listed property developer (Finbold | Cryptoglobe)
- El Salvador’s Bitcoin play: What does the current slump mean for adoption? (Cointelegraph)
SURVEY: COMPANIES ACCEPTING BITCOIN, CRYPTO HAVE POSITIVE IMPACT ON THEIR IMAGE
WEB 3
- Merit Circle DAO proposal seeks to ‘trim the fat’ by booting early-stage investor (TB)
- Boss Cat Rocket Club Builds First All-Inclusive Metaverse on Cardano (Decrypt)
- Metaverse, NFT Tokens Take Hit as Crypto Market Battles Bears (Decrypt)
BLOCKCHAINS
- Terra 2.0 is Not a Hardfork But the Genesis of a New Blockchain, says The Team Behind LUNA (EWN)
- Core Ethereum developer details changes to expect after the Merge (Cointelegraph)
- Optimism cracks down on airdrop farmers, removing 17,000 addresses (TB)
- This Is When Cardano Vasil Hard Fork Might Be Available on Testnet (UToday)
EXCHANGES/WALLETS
- Brave Adds Solana Support and Ramp Wallet Functionality in Latest Browser Update (Decrypt)
- South Korean Crypto Exchanges Issue Investment Warnings After Litecoin’s MWEB Update (CryptoPotato)
- DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone (TB)
- Japan's Bitbank to set up a custody firm to facilitate institutional entry to local markets (Cointelegraph | BIC)
- Ex-Deutsche Telekom Team Launch Liquid Staking Division at Crypto Custodian Finoa (Coindesk)
MINING
- The State of Crypto Mining in China, Europe and Texas (Coindesk)
- Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners (Cointelegraph)
BITCOIN’S ‘DIFFICULT’ PAST: EXPONENTIAL NETWORK GROWTH POWERED BY PERFECT COMPETITION
LEGISLATION/REGULATION/TAXATION
- CFPB establishes new innovation unit to give clarity on existing rules (TB)
- Bipartisan Crypto Bill to Hit Congress Within Weeks (Blockworks)
- Congress Mulling Stablecoin Regulation After Terra Crash (Blockworks)
- Terra’s 'vortex of death' brings scrutiny from South Korean regulators (TB | CryptoPotato)
- Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean? (Cointelegraph)
- Ukraine’s Vice Prime Minister Asks for More Crypto Via Catchy Rap Collab (BIC)
- India’s Central Bank warns against the risks of crypto following Terra (LUNA) collapse (Finbold)
ACQUISITIONS/PARTNERSHIPS
- FTX reportedly shopping for brokerages in preparation for stock trading (Cointelegraph)
- Polkadot Partners With Frank McCourt’s Project Liberty to Democratize Social Media Data (CryptoPotato)
- Internet That’s out of This World: Lockheed Martin Teams up With Filecoin and Protocol Labs (BIC)
FOLLOW DAT MONEY
- Common Raises $20M to Build DAO Management Platform, Launch Token (Decrypt)
- Gaming platform Bud raises $37 million in round led by Sequoia Capital India (TB)
THE BAD
- Wright Vs. McCormack, The Bitcoin Trial Of The Year Began In London (Bitcoinist)
PODCASTS
- The Wolf of All Streets: Bitcoin Will Hit $250,000 | Tim Draper Is Still Bullish On BTC
- Unchained: Cobie and Chris Burniske on How to Navigate a Crypto Bear Market
- The Breakdown: What Davos Man Thinks of Bitcoin and Crypto This Year
- Stephan Livera Podcast: SLP382 Gary Leland - Bitcoin & The American Dream, BitBlockBoom 2022
- Untold Stories: The Secret Sauce of NFTs with Rob Richardson
