"Opportunities multiply as they are seized."
-Sun Tzu
BOTTOM LINE UP FRONT (BLUF)
Happy Monday folks! Slow then all of a sudden - that's just what Bitcoin do. It appears the bulls have resumed their run and the pressure to the upside continues to increase. Many analysts are calling for $53K in the short term; in addition covering $ETH, $ADA, $AR, etc. A lot of notable voices are speaking about the industry as well. From Bitcoin being banned to high fees on Ethereum to being late to adopt.
All eyes on the EU as they remove any restriction on Bitcoin PoW Mining but they've slipped in a KYC provision for non-custodial or unposted wallets. Speaking of wallets, it appears India's Supreme Court is asking the co-suspect of the GainBitcoin scam to give up username and password of the Crypto wallet holding 80K BTC.
BREAKING
- US e-cash: Bill proposes digital currency that replicates cash, bypasses the Fed (Cointelegraph | Coindesk)
- Grayscale Threatens Legal Action if SEC Rejects Bitcoin ETF Conversion Bid (Blockworks)
- Bitcoin Developers Do Not Have a Fiduciary Duty to Bitcoin Owners, Judge Rules (Blockworks)
- Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report (The Daily Hodl)
JUST IN
- Google Trend Data Shows Crypto Interest Plunged 80% in the US (be[IN]crypto)
- Rio de Janeiro to accept Bitcoin for real estate taxes from 2023 (Cointelgraph)
- Nearly 50% of Germans Are Ready to Invest in Crypto: Report (CryptoPotato)
- Luna Foundation Reportedly Deposited $1.1 Billion Worth of BTC in This Bitcoin Address (UToday)
- Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency (Coindesk)
- Crypto Bonds Are Exciting, But Due Diligence Is Always Required (Forbes)
- ‘Satoshi Island’ Is Being Flooded With Applications for Free ‘Citizenship NFTs’ (Cryptoglobe)
- S. Korea’s SK Square Will Spend $1.6B on Semiconductors, Blockchain (Coindesk)
WHY BITCOIN HAS NO COMPETITION
MARKET WATCH
- Crypto Fear and Greed Index Sees Record-Breaking Spike (UToday)
- Crypto Markets Add $120B in a Day/$400B in 30 days as Bitcoin Explodes to 3-Month High (CryptoPotato | Finbold)
- Over $400M in Liquidations as Bitcoin Price Skyrockets to $47K (CryptoPotato)
- $140 Million in Bitcoin Shorts Liquidated As Crypto Market Cap Hits $2.1 Trillion (Decrypt)
- Recession Signals Light Up as Section of US 'Yield Curve' Inverts (Coindesk)
BITCOIN
- Market Wrap: Bitcoin Rallies as Crypto Holders Accumulate (Coindesk)
- Bitcoin Breaks Above $46K, Resistance at $48K-$51K (Coindesk)
- Bitcoin Has Risen 35% Since Russia’s Invasion of Ukraine, With Next Resistance Level at $52K (be[IN]Crypto)
- Technicals suggest Bitcoin could advance beyond $50,000 soon (Finbold)
- Bitcoin to $58K next? A 2019-like 'reversal ascending triangle' hints at more upside for BTC (Cointelegraph)
- Institutions Pour Money Into Bitcoin, Ethereum and Solana As Crypto Sees Biggest Inflows Since Last Year: Report (The Daily Hodl | Coindesk)
- Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week (Cointelegraph)
- Bitcoin (BTC) Reaches Highest Weekly Close of 2022 (be[IN]crypto)
- 3 Possible Reasons for Bitcoin’s Sruge Above $47K (CryptoPotato)
- Data: Bitcoin Top 10 Whale Inflows Form Historic Bear Signal (NewsBTC)
Bitcoin After 2140: Differing Views On The Future Of The Future Of Money
ALTCOINS
- Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTT (Cointelegraph)
- Massive Altcoin Short Squeeze Hits Markets as Liquidation Volume Reaches $500 Million (UToday)
- Over $30 billion pumps into Ethereum’s market cap in 7 days as ETH outshines Bitcoin (Finbold)
- Over $100M in Ethereum Positions Liquidated in the Past 24 Hours (be[IN]crypto)
- Long-Term Ethereum Holders Accumulate $12,000,000,000 in ETH in Matter of Weeks: IntoTheBlock (The Daily Hodl)
- Ethereum risks 'double-bust' drop despite ETH price rebounding 30% in two weeks (Cointelegraph)
- First Mover Americas: Ether Hits 2.5-Month High as Google Search Shows Peak Interest in 'Ethereum Merge' (Coindesk | Decrypt)
- 12 Million XRP Goes to Anon Address as XRP Remains Attractive for Investors (UToday)
- Cardano (ADA) Beats Solana, Aave and Terra as Market Capitalization Reaches $40 Billion (UToday)
- Solana, Polkadot, Cardano Post Significant Gains Overnight As Bitcoin Breaks 3-Month Resistance (ZyCrypto)
- $5.8 Billion in Dogecoin Stored by Robinhood: Report (UToday)
- Dogecoin Whale Transactions Spike 133%, DOGE on Track to Reverse Months of Price Declines (UToday)
- $DOGE and $SHIB Land on Popular Publicly-Owned Canadian Crypto Exchange (Cryptoglobe)
- Ether Whales Continue To Accumulate Shiba Inu Despite Losing 60,000 Holders Within Ten Days; 2.6B burned (ZyCrypto | UToday | Coindesk)
- Shiba Inu Soars 18% as Bitcoin Reclaims $48,000 (UToday)
- EOS Price Surges 20% as Brock Pierce Reveals “Crazy Bet” (CryptoPotato)
- Polygon Launches Mobile Burning Capabilities for MATIC Tokens (UToday)
- Chiliz (CHZ) Price Almost Doubles Since Feb Lows (be[IN]crypto)
- Internet Computer (ICP) Breaks Out From 176 Day Resistance Line (be[IN]crypto)
- Privacy Coins Enjoy ‘Green March’ As Interest Surges (be[IN]crypto)
- BAYC’s ApeCoin Jumps 13%, Causes $4.5M in Futures Liquidations (Coindesk)
- Three Low-Cap Altcoins Explode Over 52% or More in Just One Day As Bitcoin (BTC) and Ethereum (ETH) Build Strength (The Daily Hodl)
ANALYST'S CORNER
- Analysts: Bitcoin price could return to all-time highs if $46K holds (Cointelegraph)
- Willy Woo: Bitcoin Bulls Eye $61,000 As BTC Roars Past $47,500 in Classic Textbook Price Pattern (ZyCrypto)
- Tech Dev: Rare Indicator Suggests Massive Bitcoin Bull Run About To Begin, Says Popular Crypto Analyst (The Daily Hodl)
- Glassnode: Here’s What’s Sustaining the Latest Bitcoin (BTC) Surge, According to Analytics Firm Glassnode (The Daily Hodl)
- Peter Brandt: Peter Brandt Hints at Another 30% BTC Breakout as He Shares This Fundamental Pattern (UToday | Cryptoglobe)
- Daniel Kukan: Bitcoin Could Reach $53K on Triangle Break, Impending Bull Cross, Analysts Say (Coindesk)
- Altcoin Sherpa: Analyst Says One Ethereum Rival ($ADA) Is Gearing Up for Massive Rally, Updates Forecast on ApeCoin, Cardano and Zcash (The Daily Hodl)
- Credible: Crypto Strategist Predicts Aggressive Bitcoin Breakout, Says Top Crypto Giving March 2020 Vibes (The Daily Hodl)
- Pentoshi: Here’s What’s Ahead for Bitcoin (BTC) and Ethereum (ETH) After Latest Surge, According to Crypto Analyst (The Daily Hodl)
- Coin Bureau: This Mid-Cap Altcoin ($AR) Could Easily Witness 400% Gains, According to Coin Bureau (The Daily Hodl | Cryptoglobe)
- Michaël van de Poppe: Issues Alert for Ethereum (ETH)($3,500) and Cardano (ADA)($1.30) Traders (The Daily Hodl)
- Santiment: Crypto Exchange Token dXdY Showing ‘Astonishing’ Growth On-Chain (The Daily Hodl)
NOTABLE VOICES
- Raoul Pal: Currency Markets Could Blow Up and Send Money Into Crypto, Gold, Stocks and Bonds (The Daily Hodl)
- Peter Thiel: ‘Biggest Mistake’: ‘Getting Too Late and Too Little Into Bitcoin’ (Cryptoglobe)
- Vitalik Buterin: Admits ‘fees are a huge problem’ for Ethereum’s usability (Finbold)
- Michael Saylor: Bitcoin Lightning Network Can Clean up Twitter (be[IN]crypto)
- Ron Paul: Former U.S. Presidential Candidate Ron Paul Believes Bitcoin Could Still Be Banned (Cryptoglobe)
- Raoul Pal: Former Goldman Sachs Exec Explains Why He Spent 140 ETH To Buy a ‘Bored Ape’ NFT (Cryptoglobe | The Daily Hodl)
- Anthony Scaramucci: SkyBridge Capital Founder Sounds Alarm Against Shorting Coinbase (COIN) Stock (Cryptoglobe) and predicts both 2024 Presidential candidates will be pro crypto (The Daily Hodl)
- Charles Hoskinson: Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week (Cointelegraph)
- Kevin O'Leary: Reveals Where He Sees the Most Opportunity in Crypto Space (The Daily Hodl)
ACCEPTANCE/ADOPTION
- Rio de Janeiro to Allow Real Estate Tax Payments With Crypto as of 2023, Mayor Says (Coindesk)
- Ripple Identified as "Opportunity in Payments" Alongside Circle by Goldman Sachs (UToday)
- From taxes to electricity, blockchain adoption is growing in Austria (Cointelegraph)
- Gold industry taps blockchain for supply chain management and fraud prevention (Cointelegraph)
ACQUISTIONS/PARTERNSHIPS
- Coinbase acquisition of Mercado Bitcoin (Coindesk | Cointelegraph)
REGULATION/LEGISLATION
- Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules (Coindesk | Cointelegraph)
- FINRA Warns Against ‘Complex’ Crypto Products, Considers Further Regulation to Protect Investors (be[IN]crypto)
- US Congress agency recommends 4 key policy options for blockchain (Cointelegraph)
- Coinbase Asks Public to Voice Opposition to EU Transfer of Funds Amendment (be[IN]crypto)
- Is Austin the next US crypto hub? Officials approve blockchain resolutions (Cointelegraph)
- UniCredit Bank faces €131 million fine over wrongfully closed crypto miner’s account (Finbold)
- The OECD Wants More Visibility Into Your Cryptocurrency Activity (Forbes)
- Crypto Payments Firm Wirex Withdraws From FCA's Register as Deadline Looms (Coindesk)
- Sudan's Central Bank Warns Against Using Crypto as Economy Suffers: Report (Coindesk)
- EU Regulation (CryptoPotato | be[IN]crypto | Coindesk | Blockworks | Finbold | Cointelegraph | Bitcoinist | Coindesk | ZyCrypto | Coindesk)
- Japan plans to tighten crypto exchange regulation to enforce sanctions (Cointelegraph | Coindesk | be[IN]crypto)
- South Korea, Britain, Bulgaria to Join Forces to Combat Crypto Tax Dodgers (Report) (CryptoPotato)
- Canadian Authorities Having Trouble Seizing All Bitcoin Donations for Freedom Convoy Truckers (Cryptoglobe)
Crypto Taxes Got You Down? Software Can Help
Crypto Tax Guide: NFTs and DeFi
EXCHANGES
- World’s 3rd largest department store El Corte Inglés launches crypto exchange for its customers (Finbold)
BLOCKCHAINS
- Inside the blockchain developers’ mind: What is the ultimate scaling solution? (Cointelegraph)
- Cardano Sidechain Project Set To Bring EVM Compatibility After Mainnet Launch (Cryptoglobe)
- ASX Blockchain Upgrade Delayed For The Fourth Time (be[IN]crypto)
MINING
- Oil and Gas Giant ExxonMobil Turns to Bitcoin (BTC) Mining To Reduce Wasted Energy: Report (The Daily Hodl)
- Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion (Coindesk)
- Bitcoin Miner Iris Energy Gets $71M Equipment Financing From NYDIG (Coindesk)
- Russian government official calls to legalize mining ‘as soon as possible’ (Cointelegraph | Finbold | Bitcoinist)
WEB3
- Mandela Museum Raises $130,000 From Sale of Arrest Warrant NFT (be[IN]crypto)
- Grimes In-Avatar Performance Astounds the Metaverse (Trustnodes)
- Arby's Wants to Offer Virtual Food in Metaverse (UToday)
- Mark Karpeles announces commemorative NFT drop for Mt. Gox users (Cointelegraph)
- Someone Just Sold a Bored Ape Ethereum NFT for Only $115 (Decrypt)
- Benny Benassi Rocks the Metaverse (Trustnodes)
- BAYC: Which Global Star Bought Bored Ape #4988 for $560,000? (be[IN]crypto)
- Nelson Mandela’s Original Arrest Warrant Sold for $130K as NFT (CryptoPotato)
- Ethereum VS Solana: Which Blockchain is Better for Minting NFTs? (CryptoPotato)
- African Digital Art Network Launches Nandi NFT Marketplace on Celo (Decrypt)
- NFTs Could Go Mainstream With Instagram’s Planned Support, Deutsche Bank Says (Coindesk)
-
NFTs are changing the way photographers create and market content (Cointelegraph)
LESSON
- What is a cryptocurrency mixer and how does it work? (Cointelegraph)
-
Here is how studying tokens’ price history helps patient traders enjoy consistent average gains. (Cointelegraph)
HACKS/ATTACKS/SCAMS
- India's Supreme Court Wants GainBitcoin Scam Co-Suspect to Disclose His Wallet Username, Password (Coindesk)
- Are the Missing Mt Gox BTC Billions on Their Way Home? (be[IN]crypto)
- North Korean Regime Utilizing Hacking Groups To Perform Crypto Heists: Report (The Daily Hodl)
- Indian Couple Dupes Bitcoin Investor Promising Higher Returns: Report (CryptoPotato)
- Hacker Group Anonymous Leaks 35,000 Files Of Stolen Russian Central Bank Documents (Bitcoinist)
- Why There's Already a Will Smith Slap Token (Coindesk) - Don't get RUG PULLED!
FOLLOW DAT MONEY
- Animoca Brands, Ubisoft Invest in $12M Round for Blockchain Game 'Cross the Ages' (Coindesk)
- Money Continues to Pour Into GameFi, but Will Developers Follow? (Coindesk)
PODCASTS
- The Pomp Podcast: #887 Legendary Investor Explains How Bitcoin Will Be Worth Millions w/ Peter Doyle
- On The Margin: The End of King Dollar | Weekly Round Up
- What Bitcoin Did: Truth, Energy, & Bitcoin with Marty Bent
- The Breakdown: Post-Modern Monetary Theory
- Bankless: The PoW vs. PoS Debate | Lyn Alden & Justin Drake
- Stephan Livera Podcast: SLP361 Rene Pickhardt - Pickhardt Payments & Zero Base Fee for Lightning Network
