Bitcoin Bearbulls, Institutional Altcoins, Voluntary Liquidations, and 20 Crypto Jokes

This week in crypto: Bitcoin miners braced for another tough adjustment amid market uncertainty, BTC’s correlation to US stocks waned, a key indicator of bitcoin market profitability turned bearish , Coinbase executive says altcoins are attracting significant interest from institutional investors amid BTC and ETH dominance, Belgian Central Bank Governor says crypto winter “is good news for us,” and Arthur Hayes proposed a Bitcoin-backed stablecoin. Meanwhile, Paul Krugman stirred up the crypto community with his recent Venmo lockdown comment.

Then Silvergate began the process of voluntary liquidation, Kraken made its foray into banking with the formation of Kraken Bank, Mt. Gox creditors must register a method of repayment by March 10, and the investment fund Mt Gox reportedly has no intention of selling the tokens it is due to receive later this year. Voyager Digital has been given the green light to sell its assets to Binance.US, Binance and Binance.US are believed to be more closely related than previously disclosed, and Binance approached US SEC Chairman Gary Gensler in 2018-2019 to become a business consultant. Babel Finance was working on a new plan to raise funds via a crypto stablecoin, and Celsius was exploring new buyers despite an offer on the table, while the founders of bankrupt 3AC completed a funding round for their new exchange. Alameda Research has filed a lawsuit against Grayscale Investments, FTX bankruptcy legal costs in January alone reached $38 million, Singaporean authorities have launched an investigation into Do Kwon’s Terraform Labs and the SEC American announced “emergency action” against BKCoin and its co-founder of “Ponzi-like conduct.

The blockchain industry received a boost when two US companies raised $100 million for a crypto fund, and crypto payroll firm Toku raised $20 million in a fundraising move. industry-wide towards compliance. NFTs could soon be available on Amazon with reported plans to launch a new platform, Sotheby’s was hosting an auction titled “My Body, My Business” in honor of International Women’s Day, while that Spain was leading the way in the crypto-fueled real estate sales sector. Then, Nubank made headlines by hiring David Marcus, the former head of crypto at Meta.

Meanwhile, JD.com and the Bank of China have joined the “cross-border” digital yuan pilot project between Hong Kong and mainland China, and the BRI has completed a cross-border payment CBDC trial in collaboration with the central banks of Norway. , Sweden and Israel. . Speaking of Israel, its tax authority has arrested two NFT creators on charges of tax evasion and money laundering. In the United States, the chairman of the Federal Reserve has said that the central bank does not want to prevent crypto innovation, and President Joe Biden has proposed major changes to tax rules related to crypto. South Korea will launch a new cybercrime task force to crack down on crypto scams, and a 14-year-old girl has been arrested on suspicion of buying meth with crypto.

Let’s laugh at some jokes now.

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GM, CT.

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A sat for your thoughts.

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How is everyone this week?

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But you have to take a look, no way around it.

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Check the markets.

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Altcoins, how are you?

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Thinking about how to do it 110%.

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How dare you….

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And discuss.

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Let’s hear from the resident doctor:

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The child of his parents for sure.

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GOOD? Is it?

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What mushrooms did you eat?

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Mystery solved.

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She agreed.

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Yilong and Vincent are good friends.

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To quote the lady: “Yeah. Yeah.’

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Times are changing fast.

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Favorites also change quickly.

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And a tip for the end: always be prepared.