31 Mar: Bitcoin and Politics


"Tact is the ability to describe others as they see themselves."
-Abraham Lincoln

--NO TAX ON CRYPTO PROFITS!--

BOTTOM LINE UP FRONT (BLUF)

As we head into the weekend Bitcoin continues to consolidate between $47K and $48K. Do Kwon continues to dominate the news cycle as well as podcast, so listen to The Scoop as Frank talks with him about how bitcoin is becoming the new decentralized ‘gold standard. Bruce Fenton is running for New Hampshire senate seat as Crypto donors court pro-industry politicians; be on the lookout for an article I am publishing on this topic.

Grayscale is threatening to sue the SEC if they do not approve the Spot Bitcoin ETF they have applied for so this will be something to watch. A16z, FTX and Sequoia Lead $155M round for LayerZero at $1B Valuation. Lionel Messi is signing a $20M deal to become the global ambassador of Socios. Also listen to The Pomp Podcast as he talks with Chris Larsen about his unpopular opinion that Bitcoin needs to shift to Proof of Stake; NOT. 

TOP NEWS OF THE DAY

JUST IN

  • What Netflix’s QuadrigaCX Documentary  (Coindesk | Cointelegraph)
  • Crypto Billionaire Do Kwon Says Terra (LUNA) Plans on Being Biggest Bitcoin Holder in World, Other Than Satoshi; up $165M on Stash (The Daily Hodl | Cointelegraph | Cryptoglobe)
  • Why the rise of a Bitcoin standard could deter war-making (Cointelegraph)
  • Bitcoiner Bruce Fenton Confirms He’s Running for New Hampshire Senate Seat (Coindesk | The Block)
  • Lionel Messi Signs a $20M Deal to Become the Global Ambassador of Socios (CryptoPotato)
  • Crypto Donors Court Pro-Industry Politicians as US Midterm Elections Approach (be[IN]crypto)
  • Quantum computers are many years away from cracking crypto: MIT Tech Review (Cointelegraph | CryptoPotato)
  • The Growing Digital Asset Lifeline in Ukraine (Coindesk)
  • BitMEX CEO, CFO's Bid for German Bank Fails: Report (Coindesk | Blockworks)
  • Majority of Professional Investors Expect Crypto to Become Mainstream, Survey Reveals (be[IN]crypto)
  • Crypto Should Disrupt Current Anti-Money Laundering Practices, Not Adopt Them (Coindesk)
  • Former Coinbase Ventures lead Max Bronstein joins bridge project Synapse as COO (The Block)

MARKET WATCH

  • Goldman Sachs Data Reveals Institutional Bitcoin Trend Expected To Continue (Bitcoinist)
  • Market Wrap: Crypto Sentiment Improves, Though Risk Remains as Russia Plays Down Peace Talks (Coindesk)
  • Seven common mistakes crypto investors and traders make (Cointelegraph)

BITCOIN EXPOSES MONETARY ARISTOCRATS

BITCOIN

  • Bitcoin Slides for Second Day as Analyst Warns of Dip Below $45K (Coindesk)
  • Bitcoin Dips From $48K Resistance; Support at $43K (Coindesk)
  • Data Shows Bitcoin Investors Afraid To Take Risk As Leverage Remains Low (NewsBTC)
  • Entity Adjusted Dormancy Flow Gives Bullish Signal: Bitcoin (BTC) On-Chain Analysis (Finbold)
  • Bitcoin suddenly dives to $46K as attention focuses on large CME futures gaps (Cointelegraph)
  • Bitcoin just regained a key price trendline after its longest absence since March 2020 (Cointelegraph)
  • Bitcoin (BTC) Continues Consolidation Pattern Above $47,000 (be[IN]crypto)
  • Bitcoin Flirts With 9-Day Winning Streak, Nears $48K (Coindesk)
  • TA: Why Bitcoin Could Start Fresh Increase and Revisit $50K (NewsBTC)
  • Bitcoin Holding Support Above $46K; Resistance at $48K-$51K (Coindesk)
  • Time To Be Fearful? Bitcoin Index Reaches Greediest Point Since Peak (NewsBTC)
  • Can New Bitcoin Rally Keep Up? Low Spot Volumes Say Otherwise (Bitcoinist)

ALTCOINS

  • TA: Ethereum Could See “Liftoff” if It’s Able to Hold One Crucial Level (NewsBTC)
  • How a Post-Merge Ethereum Could Attract Institutional Investment (Coindesk)
  • Cardano Sees 50x Increase in Large Transactions in 2022; more upside $1.35 end of April (CryptoPotato | ZyCrypto | Finbold)
  • Solana Surges as NFT Trading Rises 80% Following OpenSea Reveal (Decrypt)
  • Shiba Inu Whales' Holdings Show 103% Increase in Last 24 Hours (UToday)
  • Enjin Coin (ENJ) Breaks Out After Long Consolidation Period (be[IN]crypto)
  • Why VeChain May Run Out Of Fuel After 90% Rally (NewsBTC)
  • Aave v3 launch triggers 50% rally from long-term descending channel pattern (Cointelegraph)
  • TRON (TRX) Hits New Yearly High (be[IN]crypto)
  • Litecoin Sees a 100% Rise in Large Transactions as Accumulation by Whales Continues (UToday)
  • Zilliqa's 'metaverse' debut pumps ZIL price 350% in just five days — selloff ahead? (Cointelegraph | Coindesk)
  • NEAR Protocol (NEAR) Retraces Half Its Jan Drop (be[IN]crypto)
  • Ankr (ANKR) Initiates Trend Reversal With Bullish Candlestick (be[IN]crypto)
  • IOST, SKALE Network and CELR gain 30% as traders call for an altseason (Cointelegraph)
  • ‘Astonishing’ Bot Known for Outperforming Crypto Markets Flocks to Bitcoin, Ethereum, Cardano and Several Top-Tier Altcoins (The Daily Hodl)
  • Two Small-Cap Gaming Altcoins Suddenly Explode 98% or More As Bitcoin (BTC) and Ethereum (ETH) Take Breather (The Daily Hodl)
  • Solana-Based Altcoin Explodes 20,000% in One Month As Project STEPN (GMT) Teases Partnership With Crypto Giant (The Daily Hodl)

ANALYST'S CORNER

  • Pentoshi: Crypto Analyst Says Bitcoin (BTC) and Ethereum (ETH) Rallies Not Over – Here Are His Targets (The Daily Hodl)
  • Anthony Scarmucci: Here’s the Signal That Bitcoin (BTC) Is Headed for $500,000 (The Daily Hodl)
  • Nicholas Merten: Bitcoin on Its Way to $70,000 Once It Gets Over One Hurdle (The Daily Hodl)
  • Cantering Clark: Big Breakouts in Store for Ethereum Challengers Avalanche (AVAX) and Near (NEAR) (The Daily Hodl)
  • Benjamin Cowen: Historic Rally in Sight for Ethereum?  Overlooked indicator makes Bitcoin look attractive (The Daily Hodl | The Daily Hodl)
  • IntoTheBlock: Cardano Witnessing Institutional Demand As Large Transactions Skyrocket (The Daily Hodl)
  • Ali Martinez: Dogecoin could advance towards $0.21 ‘with no hesitation,’ says crypto trading expert (Finbold)
  • Crypto community with 82% historical accuracy sets Bitcoin price for April 30, 2022 (Finbold)

NOTABLE VOICES

  • Dan Morehead: Pantera Capital CEO Says He Is ‘Actually Wildly Bullish’ on Bitcoin ‘Right Now’ (Cryptoglobe)
  • Michael Saylor: MicroStrategy Founder say Bitcoin Bonds Will Come Eventually, but Not Just Yet (be[IN]crypto | Forbes | CryptoPotato | Cointelegraph)
  • Grayscale: Ethereum is like the best and worst parts of New York (Cointelegraph | CryptoPotato)
  • Gita Gopinath: Russia Sanctions Could Spur Use of Crypto: IMF's Gopinath (Coindesk | be[IN]crypto)
  • Samson Mow: Blockstream CSO Samson Mow Rejects Move to POS; Calls Out Ripple Co-Founder (be[IN]crypto)
  • Karim Xanzheza: Nothing Grows as Fast as Cryptocurrency: Kyrgyzstan Deputy of the Parliament (CryptoPotato)
  • Kuna Exchange: Ukraine’s Exchange Says Crypto Has Been Vital During Russia Invasion (be[IN]Crypto)

ACCEPTANCE/ADOPTOIN

  • Phoenix Suburb Now Takes Bitcoin for Utility Bills (Coindesk)
  • US grassroots adoption: the Bitcoin Lightning party in Portland (Cointelegraph)
  • Crypto Ownership Among Norwegian Women Doubles in a Year (be[IN]crypto | Cointelegraph)

CBDCs

  • Circle selects BNY Mellon as custodian for USDC reserves (Cointelegraph)
  • If Money Is Speech, CBDCs Should Be Tools for Freedom (Coindesk)
  • ECB official suggests importance of physical stores accepting digital euro (Cointelegraph)

ETFs/FUNDs

  • WisdomTree Unveils 3 New Crypto ETPs as Investors Seek Diversity (Blockworks)
  • Crypto asset manager Hashdex goes live with web3 ETF (The Block)

DEFI/CEFI

  • DeFi Technologies subsidiary Valour surpasses $274 million in AUM (Cointelegraph)
  • DeFi sector TVL rises as investors return to a bullish crypto market (Cointelegraph)

BLOCKCHAINS

  • Chiliz Plots Sports, Entertainment Crypto Ecosystem With 2.0 Chain (Decrypt | Cointelegraph)
  • Can Avalanche Win Over Wall Street and 'Degens' Alike? (Coindesk)

EXCHANGEs/WALLETs

  • DeFi Portal 1inch Launches Wallet App on Android (Coindesk)

ACQUISITIONS/PARTNERSHIPS

  • Galaxy Digital Tweaks BitGo Purchase Terms As It Awaits SEC Action (Coindesk | The Block | Cointelegraph)
  • Will Strike Announce A Partnership With Apple At Bitcoin 2022? Here’s The 411 (NewsBTC)
  • Ethereum Startup Partners With Visa To Spend Unused Phone Minutes On A Virtual Credit Card (Forbes)

WEB 3

  • Snoop Dogg and Billy Ray Cyrus to launch hit song backed by massive Animal Concerts and Avila Brothers NFT drop (Cointelegraph)
  • Citi Projects Metaverse To Capture Five Billion Users and up to $13B (Blockworks | Coindesk | CryptoPotato)
  • Ankr Doubles Down on Decentralization of Web3 Infrastructure (Blockworks)
  • Payments Giant Visa Launches New NFT-Focused Program for Crypto Entrepreneurs (The Daily Hodl)
  • Nike Wants to 'Destroy' Unauthorized NFTs—How Will That Work? (Decrypt)
  • Bitcoin Exchange Blockchain.com Allowing NFT Usernames for Its 82 Million Wallets (Decrypt)
  • Investment tracker Delta expands its Web3 offering with an NFT explorer (Cointelegraph)
  • Chinese Social Media Giant WeChat Blocks Accounts Associated With NFTs Trading (CryptoPotato | Bitcoinist)
  • Food industry giants KFC, Taco Bell, and Pizza Hut file NFTs and metaverse trademarks (Finbold)
  • OpenSea Reveals the Solana Integration Date (CryptoPotato)
  • Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space (Cointelegraph)
  • Move Over Bored Apes: Rising Ethereum NFT Project Azuki Notches First $1M Sale (Decrypt | EWN)
  • Women-Led DAO Tackles (Lack of) Gender Diversity in Crypto (Coindesk)
  • 0xDAO Has Lost $4.14 Billion of its Total Value Locked (be[IN]crypto)
  • Alpha Finance Lab Launches Alpha Venture DAO To Support And Advance Web3 Innovation Efforts (Bitcoinist)
  • How These Web3 Companies Will Turn Canada Into A “Digital Economy” Leader (Bitcoinist)
  • How Brands Can Leverage Metaverse Land for Maximum Returns (NewsBTC)
  • ShapeShift DAO launches NFT auction in support of female artists (Cointelegraph)

REGULATION/LEGISLATION

  • New SEC guidance on accounting and disclosures rankles Commissioner Peirce (Cointelegraph)
  • US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says (Coindesk)
  • Crypto Use Aids Ransomware Investigations According To US Financial Regulator (Bitcoinist)
  • FTX derivatives proposal takes center stage at Congressional hearing with CFTC chairman (The Block | Coindesk)
  • IMF warns Russian sanctions could boost use of crypto and erode dollar’s supremacy (Finbold)
  • IRS puts focus on crypto as tax filing season due to close April 18 (Finbold)
  • Washington state passes bill aiming to expand local blockchain adoption (Cointelegraph | Blockworks)
  • Ted Cruz introduces companion to Emmer's bill to exclude Fed retail CBDC digital currency issue (Cointelegraph | Blockworks)
  • How the SEC Proposal to Change One Definition Could 'Kill' DeFi (Decrypt)
  • US Deputy Treasury Secretary Warns Crypto Exchanges Against Helping Russia Evade Sanctions (CryptoPotato | be[IN]crypto | The Daily Hodl)
  • Indian Taxation on Crypto (be[IN]cryptoCointelegraph | EWN)

MINING

  • Bitcoin Miner Greenidge Q4 Revenue Matches Estimate; Reiterates Hashrate Guidance (Coindesk)
  • Texan Crypto Mining Operations Must Seek Approval Before Tapping Into Power Grid (be[IN]crypto)
  • CleanSpark Aims to Be Among Top Bitcoin Miners With Up to 500MW Expansion (Coindesk | The Block)
  • Canadian Bengal Energy to mine Bitcoin using stranded gas wells in Australian outback (CointelegraphCryptoPotato)
  • Bitcoin Mining Stock Downtrend Deepens: What’s Behind The Drop? (Bitcoinist)
  • Why Bitcoin Uses Energy (Forbes)
  • Bitcoin mining finds fresh support from Russian Finance Ministry (Cointelegraph)

BASIC THREAT MODELING FOR BITCOIN MINING AT HOME

FOLLOW DAT MONEY

  • A16z Leads $4.8M Round for P2E Gaming Startup Battlebound (Coindesk)
  • Blockchain Gaming Firm Cross The Ages Gets $12M From Ubisoft, Polygon (Blockworks)
  • Blockchain Security Firm CertiK Just Raised $88M, SEC Docs Show (Coindesk)
  • $100M Wave Financial Fund Offers Liquidity to New Cardano DeFi Platforms (Blockworks | CryptoPotato)
  • A16z, FTX and Sequoia Lead $155M Round for LayerZero at $1B Valuation (Coindesk | Decrypt | Bitcoinist | Cointelegraph | The Block)
  • Helium Becomes Nova Labs After Raising $200M in Fresh Capital (Coindesk)
  • Eldridge, A16z Lead $620M Financing Round for Fintech Cross River Bank (Coindesk | Forbes)

HACKS/ATTACKS/SCAMS

PODCASTS

  • The Pomp Podcast: #892 Bitcoin & Climate Change w/ Chris Larsen
  • gm Podcast: Episode 6 - Ditching Big Banks for Bitcoin With Caitlin Long
  • Stephan Livera Podcast: SLP363 Seth For Privacy - Bitcoin & Fungibility Discussion
  • The Breakdown: The Market Indicator Flashing ‘Recession’
  • Bitcoin Magazine: A New Bitcoin Cycle Is Starting w/ Will Reeves
  • The Scoop: How bitcoin is becoming the new decentralized ‘gold standard,’ according to Terraform Labs' Do Kwon

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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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