Donald Trump releases his NFT collection after years of calling BTC & crypto a scam.
France may compel crypto firms to get a full license to operate in the country after a lawmaker proposed aligning the country’s laws with incoming EU regulation. Hervé Maurey, a member of the Senate who sits on the finance commission, put forward an amendment on Tuesday that would do away with a grace period France currently plans to extend to crypto platforms.
BitGo, the custodian behind Wrapped Bitcoin, denied withdrawal attempts made by Alameda Research’s wallet address with a value in excess of $50 million at the time, said its CEO on Wednesday. Wrapped Bitcoin (WBTC) is a token pegged to the price of Bitcoin and operates on the Ethereum network, and lets holders interact with various DeFi apps. Alameda Research was the sister trading firm of the now-bankrupt FTX exchange.
The United Nations High Commissioner for Refugees (UNHCR), a UN agency mandated to aid and protect refugees, is launching a blockchain solution to distribute cash to Ukrainians affected by the ongoing Russian invasion. To participate, users need to download Vibrant, a Stellar-based non-custodial mobile digital wallet that provides a secure place to hold and transport funds in USDC, a popular dollar-pegged stablecoin.
A new tool developed by Coinbase will allow users to recover ERC-20 tokens previously thought forever stranded, having been sent to incompatible public addresses associated with the exchange. The coming “asset recovery tool,” which will roll out over the next few weeks, will facilitate recovery for over 4,000 of these unsupported tokens.
Sen. Cynthia Lummis tweeted: "Requiring open-source developers to build AML/KYC into node software and hardware wallets? That dog won’t hunt." We also watched a clip on Sen. Toomy sharing his view on the Howey test and how it doesn't apply to BTC.
‘99% of People' Will Lose Crypto Storing in Self-Custody" - CZ of Binance. CZ continues to attempt to build confidence in his exchange and possibly scare retail investors out of cold storage. This is very similar to the interview with the CEO of Celsius months before their exchange collapsed due to insolvency.
Brian Decker covered some stocks he'll be shorting fundamentally as the recession sets in including: GHLD, CCL, EXPI, RMAX, FUN, RCL & HMPT. Starts at the 13m mark.
Technical Tune UpAs markets digest the Fed's commitment to raise rates at least another 75bs in the 2023, we saw the Dow sell off over 800pts today from the 70.2% fib level. SPX followed an identical structure closing the day down nearly 100pts. DXY rallied sharply off the bottom of the zone we've been watching.
DJI | DXYWe discussed leaving our limits in place for our shorts at higher levels in the event BTC makes a higher low off 17,000/17,200 and pressing into higher resistance.