28 Dec: Alameda and MicroStrategy BTFD!

28 Dec: Alameda and MicroStrategy BTFD!

By theinspired | Inspiration | 28 Dec 2022


"Great minds have purposes; others have wishes."
 – Washington Irving

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  • Michael Saylor's MicroStrategy Adds Another 2,500 Bitcoin for Nearly $45M; also sold $11M for tax benefit (Coindesk)(8); MicroStrategy to launch Bitcoin Lightning solutions in 2023, According to Michael Saylor.(2)
  • Addresses linked to Alameda Research swapping ERC20 tokens for Bitcoin.(6)
  • Crypto investors sue Winklevoss twins over interest accounts on Gemini.(6) 

Number of crypto owners could double to 800 million in 2023 despite dull 2022. Hedge Fund veteran Mark Yusko warns of imminent ‘sinister’ threat to Crypto industry. Digital dollar will come eventually, Says Lobbyist Michael Greco, policy research director at the Digital Dollar project.

Bitcoin underperforms stocks and gold for the first time since 2018, but beats Tesla stock in 2022 as BTC price heads for 60% losses. Bitcoin in ‘extreme long-term hodler accumulation zone’ heading into 2023; drifting lower as Crypto winter continues. Bitcoin price stuck in crucial range, 2023 breakout looms. But, Bitcoin bears well positioned for Friday's $2.5 billion options expiry. So, Bitcoin price bottom is not in, data says as whale orders hit 2-year low. That said, Nebraskagooner has identified historical Bitcoin fibonacci levels between $16,000 and $12,000 for a "large upside move."

These 8 physical Bitcoin thefts will make you rethink your Crypto security (BIC):

  • January: Bitcoin ATM Stolen From Gas Station
  • February: A Bitcoin Kidnapping Incident
  • March: Home of Bitcoin Trader Invaded
  • April: House Robbery of Crypto Keys
  • May: BTC Mining Machine Stolen
  • July: Fake Bitcoin Deal
  • September: Robbing Incidents at Gunpoint
  • December: Businessman Asked to Surrender Crypto Holdings

3 Big Crypto Predictions for January 2023:

  • Ethereum Price Will Outperform Bitcoin
  • The Bitcoin Dominance Rate Will Fall
  • SOL Price Will Be a Massive Loser

Bitcoin Miner Argo will avoid bankruptcy with $100M bailout from Novogratz’s Galaxy, agreeing to sell Helios facility; shares soar.(4) Canaan expects minor revenue drop in 2022 despite crypto mining crisis. Bitcoin mining hashrate may not be out of the woods just yet. Binance's cloud mining affected by extreme weather conditions in North America.

Over 60% Of Ethereum blocks are OFAC complaint, a reason to worry? Ethereum (ETH) became the most liquidated coin over the past 12 hours.(2) Silicon Valley veteran Steve Newcomb is on a mission to scale Ethereum to 10 million transactions per second with zk-Rollups. History suggests you shouldn’t bet against him. 

XRP was one of the most used smart contracts among the top 90 BNB holders yesterday. XRP Lawsuit: Ripple gains incredible backings as SEC case takes surprising turn. Lewis Rinaudo Cohen, the co-founder of blockchain-focused law firm DLx Law LLP, has filed a motion to appear as ‘pro hac vice’ on behalf of the investment firm.(2) SEC v. Ripple case will end in settlement, believes majority of XRP community. Big news for Ripple because the US Department Of Justice called MNRO and CRV Commodities. Dogecoin among most searched Cryptos of the year, will it keep its spot in 2023? So far the Underdog has risen as Dogecoin survived carnage in 2022 better than most.

Cardano price massively discounted — ADA envisioned to moon dramatically in 2023.(2) However, Cardano could be extremely undervalued today, according to Santiment. Cardano (ADA) can now be staked on Apple devices via this integration.

Kraken quits Japan for second time blaming a "weak crypto market."(7)

The Defrost story continues to get interesting as Defrost Finance Hacker changed his mind and returned the $12 Million stolen funds. But, Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull. 

It appears that the FTX hole is getting deeper as class action suit has been filed against SBFraud(4); who btw wants ‘Big Short’ FTX movie - Peter Schiff already calls it fiction. Bankman-Fried arraignment in New York set for next week and will enter plea over fraud case.(3) Strange FTX Hack upon bankruptcy finally attracts US Feds.(2) FTX-backed projects plunge as ‘Sam Coins’ underperform. Former SEC chair discusses SBF’s options to avoid life in prison.

Executives from $1.5B South Korean crypto exchange fraud jailed.

WATCH

LISTEN

Podcast of the Day: An Internet with Attesters and No Identities with Ingo Rübe, Founder of KILT | The Charlie Shrem Show

Other Podcast

  • The New Crypto Policy Blueprint, With Kristin Smith | The Breakdown
  • Debt, Deficit, Spending & Tax with Dominic Frisby | What Bitcoin Did
  • Dec 28: Don’t Worry! It’s Only Tax Harvesting? | Decrypt Daily
  • Cosmic Bitcoin The Living Organism w/ Brandon Quittem | Bitcoin Magazine
  • Fix the Money, Fix the World with Nico, Dr.Jeff, Tomer Strolight and Jason Brett - December 28th, 2022 | Cafe Bitcoin
  • ‘Disarray’ In Texas Energy Markets| Phil Jankowski | The Mining Pod
  • #1141 Bill Pulte On Twitter, Elon Musk, Bot Farms & Bitcoin | The Pomp Podcast
  • Read_686 - How the IMF and World Bank Repress Poor Countries, Part 4 [Alex Gladstein] | Bitcoin Audible
  • The Chopping Block Recaps 2022: Crypto's Biggest Winners and Losers and Best Memes | Unchained
  • Brent Johnson: U.S Dollar's Role In The Fourth Turning  | On The Margin

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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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