29 Mar: Loving Luna


"The more things change, the more they are the same."
-Alphonse Karr

--NO TAX ON CRYPTO PROFITS!--

BOTTOM LINE UP FRONT (BLUF)

If you haven't been paying attention, $LUNA is the talk of the town. Why? Well for starters Do Kwon the founder is backing the ecosystem with Bitcoin. This is the first public acknowledge of Bitcoin being used as a reserve asset. So, he intends to back the Terra platform with $10B of Bitcoin and has already bought $1B; 9 more to go. 

Politicians will eventually come to understand that Bitcoin is the answer to the world's ills. Many in congress and now a candidate to become Canada's next PM is advocating for Bitcoin; save Nayib Bukele in El Salvador. Learn more by listening to The Breakdown and The Pomp Podcast. 

TOP NEWS OF THE DAY

JUST IN

  • Prime Trust, Swan Bitcoin Launches Beta Program for Crypto IRA (Blockworks | Coindesk)
  • Tracking Luna Foundation Guard’s Bitcoin Purchases (Coindesk)
  • 91 Percent of U.S. Consumers Have Heard of Crypto: Survey (UToday)
  • Mysterious Bitcoin Wallet Accumulates Over $1,300,000,000 in BTC in Just Two Months – Is It Terra (LUNA)? (The Daily Hodl)
  • Canadian PM candidate supports freedom to use Bitcoin as money and buys lunch with Lightning (Cointelegraph | Cryptoglobe)
  • Book Excerpt: 3 Stories of Bitcoin Changing Lives Outside the 'Dollar Bubble' (Coindesk)

MARKET WATCH

  • Glassnode’s RHODL Ratio May Suggest Bitcoin Market Is Near Capitulation (NewsBTC)
  • Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000 (NewsBTC)
  • How to deal with crypto seasonality (Cointelegraph)

BITCOIN

  • Bitcoin Holding at $47.5K as It Aims for 8-Day Winning Streak (Coindesk)
  • Bitcoin Approaching Resistance at $48K-$51K, Support at $45K (Coindesk)
  • $383 Million in BTC Shifted from Gemini to Coinbase After Bitcoin Reaches $48,000 (UToday)
  • Bitcoin Weekly Momentum Flips Bullish For First Time In 2022: What This Means (NewsBTC)
  • Bitcoin hits 2022 high as analyst gives new $80K BTC price target (Cointelegraph)
  • Bitcoin Nears 200-Day Average Ahead of Seasonally Bullish Period, Triggers Over $400M in Liquidations (Coindesk)
  • Here's How Bitcoin May Reach $50,000 (UToday)
  • Bitcoin (BTC) Continues to Climb Towards Long-Term Resistance Near $51,000 (be[IN]crypto)
  • Bitcoin Hit 3-Month High; Wiped Away 2022 Losses—Here's Why (Decrypt | Finbold)

EARLY TO BITCOIN — HOW TO MORE EFFECTIVELY ORANGE-PILL YOUR FRIENDS AND FAMILY

ALTCOINS

  • Ethereum Outperforms Bitcoin (Trustnodes)
  • Lido (LDO) Surpasses MakerDAO (MKR) in Total Value Locked (be[IN]crypto)
  • Shiba Inu Comes Back with Massive 30% Spike in March, Whales' Transactions Increase by 349% (UToday)
  • SHIB loses over 60,000 holders in two weeks as demand for the token dwindles (Finbold)
  • Elrond (EGLD) Breaks Out From 97-Day Resistance Line (be[IN]crypto)
  • Nearly $13.75M liquidated as WAVES rallies 70% in a day — what's next? (Cointelegraph)
  • Origin Protocol (OGN) Increases 150% Since Feb Lows – Multi Coin Analysis (be[IN]crypto)
  • ApeCoin is adding over 1,700 new holders on average daily (Finbold)
  • RPLR Crosses Into Bullish Territory: BTC On-Chain Analysis (be[IN]crypto)
  • Yearlong Reserve Rights (RSR) Correction Might Have Come to an End Following Yearly Low of $0.011 (be[IN]crypto)
  • Altcoin Project Backed by Billionaire Chamath Palihapitiya Rips 124% in Hours After Reaching 1,500,000 Users (The Daily Hodl)
  • Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop (Cointelegraph)

What are the best altcoins you can buy for under $3? | Find out now on The Market Report

ANALYST'S CORNER

  • Analysts: Bitcoin daily close above $48K opens a clear path to a new all-time high (Cointelegraph)
  • Altcoin Sherpa: Crypto Analyst Predicts 200% Rallies for Three Altcoins, Sets Bullish Target for Bitcoin (The Daily Hodl)
  • Nicholas Merten: Confident Crypto Whales Behind Bitcoin (BTC) Explosion (The Daily Hodl
  • Cred: Bitcoin (BTC) Gearing Up for Strong Rally, According to Top Crypto Strategist – Here’s His Target (The Daily Hodl)
  • Smart Contracter: Top Crypto Strategist Bullish on AAVE, AVAX, and ALGO As Bitcoin Blasts Above $47,000 (The Daily Hodl)
  • Benjamin Cowen: Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin (Coindesk)
  • Bitcoin a 'nice buy' at $47K despite macro dangers as key trendline nears — Research (Cointelegraph)
  • Bitcoin price surges, but derivatives metrics reflect pro trader’s neutral sentiment (Cointelegraph)

ACCEPTANCE/ADOPTION

  • Indian state gov't uses Polygon to issue verifiable caste certificates (Cointelegraph)

Kitchen table Bitcoin: How should average investors approach crypto?

ETFs/FUNDs

CANADIAN PRIME MINISTER CANDIDATE MAKES APPEAL TO BITCOINERS

ACQUISITIONS/PARTNERSHIPS

  • Solana NFT Platform Snowcrash Taps Civic to Combat Bots (Decrypt)

NOTABLE VOICE

  • Do Kwon: $UST to Become First Internet Currency to Implement ‘Bitcoin Standard’, Says Terra ($LUNA) (Cryptoglobe)
  • Mike Novogratz: "We Certainly See Increased Adoption in Crypto" (UToday | Cryptoglobe)
  • Caitlin Long: How JP Morgan Flipped Goldman Sachs in Crypto (Decrypt)

PEOPLE ON THE MOVE

  • Brazilian Cryptoasset Manager Poaches Exec To Lead European Expansion (Blockworks)
  • Hashdex Appoints Ex-21Shares Director Laurent Kssis as Europe Head (Coindesk)

THE CHALLENGES WITH FULLY SYNCING OLD VERSIONS OF BITCOIN CORE

MINING

  • Bitcoin MPI Spikes Up Suggesting Miners May Be Dumping (Bitcoinist)
  • DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings (Coindesk)
  • Blockware Solutions Builds 20MW Bitcoin Mining Data Center in Kentucky (Coindesk)
  • The Bitcoin shitcoin machine: Mining BTC with biogas (Cointelegraph)
  • Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives (Cointelegraph)
  • Bosnian court sides with Bitcoin miner in frozen bank account case (Cointelegraph)
  • Italian Bank Fined $144M for Wrongfully Closing Crypto Miner’s Account (be[IN]crypto | CryptoPotato)

A GUIDE TO BITCOIN MINING TELEGRAM GROUPS

BLOCKCHAINS

  • Polygon Blockchain Leveraged by Indian State to Issue 65,000 Caste Certificates (UToday | be[IN]crypto)
  • Ripple Spreading Tentacles In New Areas Even As SEC Scores Minor Victory In XRP Lawsuit (ZyCrypto)

EXCHANGES/WALLETS

  • Trust Wallet Founder Viktor Radchenko Steps Down as CEO (be[IN]crypto)
  • KuCoin Exchange Targets Ultimate Decentralization: KCS Whitepaper Released (UToday)
  • Wasabi’s Side Of The Story: Reasons For Blacklisting Certain BTC From CoinJoin (Bitcoinist)
  • FTX Europe in Talks With the FCA to Expand Into the UK (Coindesk)
  • Dubai’s New Crypto Law Attracts Bybit And Crypto.com To Set Up Local Offices (Forbes | Coindesk)

REGULATION/LEGISLATION

  • CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase (Cointelegraph)
  • Waiting on the executive order: how users and financial professionals may benefit from it (Cointelegraph)
  • The SEC's New Proposal to Redefine 'Dealer' Could Spell Bad News for DeFi (Coindesk)
  • Biden Eyes $5 Billion in 2023 Revenue From Applying New Tax Reporting Rules to Crypto (Decrypt)
  • Law Decoded: Crypto taxes and taxes on crypto, March 21–28. (Cointelegraph)
  • Crypto donation startup launches IRS form as US tax season loom (Cointelegraph)
  • With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto (Cointelegraph)
  • 11 Crypto Exchanges Fined for Tax Evasion in FY22: Indian Minister (CryptoPotato)
  • Dapper Labs, Ether Capital Headline Newly Formed Canadian Web3 Council (Coindesk)
  • New Sweeping Crypto Regulation Regime To Be Introduced in the UK: Report (The Daily Hodl)

How Crypto Tax Software Can Simplify Your Taxes

WEB 3

  • OpenSea Confirms It Will Start Listing Solana NFTs in April (Decrypt)
  • Jeff Koons’ First NFT Project Is a Riff on Crypto’s ‘Moon’ Meme (Coindesk)
  • Ethereum NFT Game Sorare Signs Major League Soccer Amid US Expansion (Decrypt)
  • Nexo To Allow Investors To Earn Yields on Bored Ape-Inspired Token (Blockworks)
  • NFT adoption: Tokens take the runway at Metaverse Fashion Week (Cointelegraph)
  • MAC Cosmetics Releases Keith Haring Polygon NFTs with ConsenSys (Decrypt)
  • World of Women Galaxy Ethereum NFT Drop Generates $79M in a Day (Decrypt)
  • WWE Signs Deal to Launch NFTs Through Fanatics’ Candy Digital (Decrypt)
  • Why NFT adoption is so high in South Korea (Cointelegraph)
  • NFTs Could Go Mainstream With Instagram’s Planned Support, Deutsche Bank Says (Coindesk | CryptoPotato)
  • Blockchain Gems: Natural Emeralds Come With Smart Contracts (be[IN]crypto)
  • Someone Just Sold a Bored Ape Ethereum NFT for Only $115 (Decrypt | ZyCrypto | be[IN]crypto)

FOLLOW DAT MONEY

  • Hedera Hashgraph Gets $155M Fund to Drive DeFi Development (Blockworks | Coindesk)
  • Delphi Digital Leads $5M Seed Round for Money Market Protocol ZkLend (Coindesk | Decrypt)

HACKS/ATTACKS/SCAMS

  • Cashio Hacker Asks Affected Users to State Their Case if They Want Their Funds Returned (be[IN]crypto)
  • Ex-Employee Claims Liquid Global Exchange 'Scapegoated' Her for $90M Hack (Coindesk)
  • Australian Celebrities Say Facebook Didn’t Do Enough To Stop Crypto Scams. The Government Agrees. (Forbes)
  • Why There's Already a Will Smith Slap Token (Coindesk | Bitcoinist) - Don't get RUG PULLED! 

PODCASTS

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TheCryptoCurator
TheCryptoCurator

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. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.


The Crypto Curator
The Crypto Curator

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