Happy Saturday Folks!
I've decided to take a look at the top covered articles each week to see what it could tell us about the industry overall. Acceptance and Adoption was the most talked about of all sectors. Fidelity adding Crypto to 401(K)s was probably the biggest news story this week; the labor depart is concerned to say the least. Globally a lot of happening as well with Dubai, Europe, Buenos Aires, and Swiss receiving attention from the press.
No shocker that Legislation and Regulation would be the runner up. Crypto is still the wild wild west and more efforts are being spent to contain its impact. It was good to see Kraken get a license in the UAE and bullish legislation is happening in Panama, Brazil, and Belgium. Central African Republic takes the winner by making Bitcoin Legal Tender.
As you can read below there is so much happening it's hard not to be bullish but the price doesn't reflect it.
ACCEPTANCE/ADOPTION
- Fidelity Investments Adds Crypto to 401(K) Products (BIC | Cointelegraph | Coindesk | TB | UToday | Bitcoin Magazine | Blockworks)
- Labor Department has ‘grave concerns’ over Fidelity’s plan to allow Bitcoin into 401(k) accounts (Finbold | TB | BIC | CryptoPotato)
- Telegram Adds Crypto to Messaging App, Opening Path to Payments (Coindesk | Decrypt | Cointelegraph | Bitcoinist | Blockworks)
- Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH (Cointelegraph | UToday | Bitcoinist | Finbold)
- Grayscale to Enter European Market (UToday | CryptoPotato | Cointelegraph | BIC)
- Buenos Aires Mayor Touts Plan That Permits Tax Payments in Bitcoin (Decrypt | Cryptoglobe | BIC | Cointelegraph)
- Swiss National Bank Says NO To Buying And Holding Bitcoin As A Reserve Currency (ZyCrypto | Cryptoglobe | TB)
LEGLISLATION/REGULATION
- UAE Issues Crypto License To Kraken (EWN | TB | Coindesk | Finbold | Cointelegraph | CryptoPotato | Bitcoinist | BIC | Blockworks | TDH)
- Panama Legislature Passes Bill Regulating Crypto (Coindesk | Coindesk | Blockworks | Bitcoinist | BIC | TB | Bitcoinist)
- The Central African Republic reportedly passes a bill to regulate crypto use (Cointelegraph | Finbold | Bitcoinist | BIC)
- Gibraltar rolls out new virtual asset regulation to combat market abuse (Cointelegraph | Coindesk | EWN | BIC)
- Brazil’s Senate approves 'Bitcoin law' to regulate cryptocurrencies (Cointelegraph | Coindesk | EWN | TB | BIC)
- Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges (TB | Coindesk | Decypt)
- Belgian Registration for New Crypto Firms Kicks In on Sunday (Coindesk | Cointelegraph | BIC |TB)
EXCHANGES/ATMS
- Coinbase Launches Intelligence Services for Crypto Compliance (BIC | TB | CryptoPotato)
- Ex-Jefferies Execs, Former Euronext FX CTO To Launch Crypto Exchange (Blockworks | TB | Cointelegraph)
- Bybit to offer crypto options trading to customers (TB | CryptoPotato | Cointelegraph)
- Central Bank of Cuba to License Digital Asset Service Providers (Coindesk | Cointelegraph | Finbold | EWN | BIC)
- Mexican Senate building gets its own Bitcoin ATM as the country braces to regulate crypto (Finbold | Cointelegraph | Cryptoglobe | UToday)
WEB3
- At Least $13M in NFTs Stolen After Bored Ape Yacht Club Instagram, Discord Hacked (Coindesk | TB | Cointelegraph | Blockworks | Bitcoinist)
- Meta’s Reality Labs posts $2.9B loss: 'I recognize it’s expensive' says Zuck (Cointelegraph | TB | Blockworks | Bitcoinist | Coindesk)
- McLaren Automotive enters the metaverse space with the launch of Web3 platform (Finbold | Bitcoinist | Cryptoglobe)
- Eric Schmidt: Ex-Google CEO Says He Owns Some Crypto, but is More Bullish on Web 3 (CryptoPotato | TB | Bitcoinist)
ATTACKS/HACKS/SCAMS
- 2 Europeans Charged With Conspiracy in Virgil Griffith's North Korea Crypto Sanctions Case (Coindesk | TB | Blockworks | Bitcoinist | Cointelegraph)
- How Deus Finance Was Exploited for $13.4M on Fantom (Coindesk | EWN | CryptoPotato | TB | BIC | Bitcoinist)
- $600 million Ronin hack (TB | Cointelegraph | CryptoPotato | TDH)
- Finland Plans to Donate Seized Bitcoins to Help Ukraine: Report (Coindesk | Coindesk | CryptoPotato | Cryptoglobe)
BLOCKCHAINS
- Binance closes accounts of individuals with links to Russian government (TB | Cointelegraph | Finbold | CryptoPotato | BIC | Blockworks | Bitcoinist)
- Ethereum scaling startup Optimism confirms governance token as part of broader shift (TB | Bitcoinist | Decrypt | Cointelegraph | Trustnodes)
- Evmos launches blockchain to bring Ethereum Virtual Machine to Cosmos (Coindesk | NewsBTC | TB)
- Edward Snowden: Reveals he was one of six who helped launch Zcash (Cointelegraph | Decrypt | Coindesk | Forbes | BIC | Forbes)
MINING
- The city of Fort Worth, Texas votes to become a bitcoin miner (Blockworks | TB | Bitcoin Magazine | Coindesk | Finbold | TB | Cointelegraph | BIC | Cryptoglobe)
- New York State Assembly Passes Bill Blocking New Crypto Mines That Use Non-Renewable Power (Coindesk | Cointelegraph | BIC)
- Bitcoin Mining Difficulty Continues to Move Higher After a 5.56% Increase (Usethebitcoin | CryptoPotato | Bitcoin Magazine | Cointelegraph)
FOLLOW DAT MONEY
- Coinbase NFT Partner 0x Labs Raises $70 Million From Greylock Partners, Jump Crypto, and Jared Leto (Forbes | Coindesk | Trustnodes | TB | Blockworks)
- OneFootball raises $300 million in Series D funding round (TB | Coindesk | Cointelegraph)
- Dragonfly Capital Raises $650M for Third Crypto Fund (Coindesk | TB | Blockworks | Cointelegraph)
CEFI/DEFI
- Goldman Debuts Bitcoin-Backed Loan (UToday | Coindesk | TB | Cointelegraph | NewsBTC)
- CFTC Sets May Roundtable to Weigh Ideas Sparked by FTX’s Derivatives Push (Coindesk | TB | BIC | Forbes)
ALTCOINS
- Dogecoin Soars 15% as Musk-Twitter Deal to be Reportedly Finalized (CryptoPotato | Cryptoglobe | Coindesk | UToday | Finbold | ZyCrypto | NewsBTC | Cointelegraph)
ETFs
- Australian Crypto ETF Launch Delayed Due to Pressure From Unidentified Broker: Report (Coindesk | Cointelegraph | Blockworks)
- World's First Combined Bitcoin, Gold ETP Listed on SIX (Coindesk | Cointelegraph | Blockworks | BIC)
ANALYST'S CORNER
- Michael van de Poppe: Trader flags BTC price levels to watch as Bitcoin still risks $30K 'ultimate bottom' and evaluates ApeCoin and FTM (Cointelegraph | Finbold | Finbold | TDH)
MISC
- Roger Ver: 'Bitcoin Jesus' Comes Back to Twitter, Says He Likes Dogecoin (Decrypt | Cointelegraph | UToday | Cryptoglobe)