The Daily Spin. Give a Fantastic Friday Edition. The end of the third week of the new year has Bitcoin flirting with the $21k support/resistance level, after the entire market was affectionately rugged by the US Government agencies FUD’ing everyone on the Bitzlato “international crime takedown” and with one major domino left to fall aka DCG. Genesis is rumored to be preparing for bankruptcy filing next week. The inflation narrative has now shifted to a recession narrative, which stands to bode well for alternate stores of value such as Gold and Bitcoin. Altcoins see small red bubbles as the S&P500 gets violently rejected from its trendline resistance, but generally two assets just don’t GAF: Bitcoin and Coinweb. 85% percent of Bitcoin holders have never sold. Never.
Bitcoin mining profitability is back in the green as hash rate surges to a new peak. BTC and ETH purchases in US, EU, and Asia breaks from a six-month trend. Coinbase lists KAVA, adding to ETH-Cosmos interoperability. 1-inch DEX aggregator launches its own multi-coin wallet. Primex Finance releases Beta with deployments to Polygon Mumbai and zkEVM testnets. IPwe and Casper Labs converting 25 million patents into NFTs specifically targeting enterprise blockchain growth. Doge becomes the 3rd-fastest blockchain at reducing carbon emissions, slashing CO2 by 25%. DCG’s CoinDesk receives buyout interest, with even Charles Hoskinson exploring a partial or full sale. Moonstone Bank announces closure of its clients’ accounts. ConsenSys confirms layoffs and targets focus on scaling its core offerings, while its shareholders receive approval from a Swiss judge to conduct an independent audit for a suspicious transaction in the order of $700 million.
In the global & legal landscape, the US has officially reached its debt ceiling, triggering “extraordinary measures” aimed at preventing a default. Ripple’s CEO hints towards a conclusion of its suit against the SEC within the year. SEC crypto enforcement actions are up 50% in 2022, with almost half of them attributed to ICOs. The CFTC Commissioner requests The Senate not to permit exchanges’ self-certification. Spain’s Central Bank becomes the second to greenlight a CBDC, being the digital Euro token EURM.
Two big reports can be found in today’s TL section, the first being Electric Capital’s 2022 Developer Report (which tracks dev activity on all open source repositories), and the second being the release of Deloitte’s 2023 CXO Sustainability Report. And for some lighter fare, we’ve included a short discussion on BTC’s 2023 pump as well as some of the internet’s best crystal ball moments for the upcoming year …here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the new market with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…
Ongoings at Coinweb
Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander.
https://www.youtube.com/watch?v=CSKA3cAB15U
A Thread on Rollups, Monolithic, and Modular Blockchains by Kawin on Twitter
https://twitter.com/ruKawin/status/1616342851507613696?s=20&t=PFtsnQICizYOvBnfoTcvSw
Coinweb presents How Blockchain Technology Will Affect Tourism and Hospitality Industry with Royal Coast Riviera Club, Hua-Hin
https://www.facebook.com/permalink.php?story_fbid=pfbid028ZZTaqC3BKYLeUsKptGMjGbuesuYz55qnP9LubZc52KmhLCBQiHLr84orNft24a7l&id=100079478362053¬if_id=1673577843809478¬if_t=mention&ref=notif
Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/
Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw
Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336
KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders
Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform
“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/
“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854
Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c
On the Radar
Introducing PleasrHouse, Episode 01; Going LIVE with u/DanielEllsberg u/snowden u/FreedomofPress – Thursday 3pm EST
https://twitter.com/PleasrDAO/status/1612858383681589248
Coinweb’s 1st Event in Collaboration with Offchain Sydney, Jan 18 (Sydney)
https://coinweb.io/events/the-1st-event-of-23-coinweb-x-offchain/
https://offchain.social/events/january-18-2023-sydney/
European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)
Blockchain Life 2023, Feb 27-28 (Dubai)
Blockchain Africa Conference 2023, Mar 16-17 (Johannesburg)
On the Block(chain)
Bitcoin mining profitability surges as hash rate reaches new peak
https://cryptoslate.com/insights/bitcoin-mining-profitability-surges-as-hash-rate-reaches-new-peak/
Concurrent buying of Bitcoin and Ethereum in EU, US, and Asia breaks six-month trend
https://cryptoslate.com/insights/concurrent-buying-of-bitcoin-and-ethereum-in-eu-us-and-asia-breaks-six-month-trend/
IPwe, Casper Labs converting 25 million patents to NFTs as enterprise blockchain usage grows
https://cryptoslate.com/ipwe-casper-labs-converting-25-million-patents-to-nfts-as-enterprise-blockchain-usage-grows/
Genesis rumored to be preparing bankruptcy filing as soon as next week
https://cryptoslate.com/genesis-rumored-to-be-preparing-bankruptcy-filing-as-soon-as-next-week/
Nexo reaches $44.5M settlement with SEC, others
https://cryptoslate.com/nexo-reaches-44-5m-settlement-with-sec-others/
Research: On-chain metrics continue signaling a Bitcoin bottom
https://cryptoslate.com/research-on-chain-metrics-continue-signaling-a-bitcoin-bottom/
FTX CEO John Ray creates taskforce to explore restarting exchange
https://cryptoslate.com/ftx-ceo-john-ray-creates-taskforce-to-explore-restarting-exchange/
Dogecoin (DOGE) Becomes Third-Fastest Crypto at Decreasing Carbon Emissions, Slashing CO2 by 25% in 2022: Report
https://dailyhodl.com/2023/01/19/dogecoin-doge-becomes-third-fastest-crypto-at-decreasing-carbon-emissions-slashing-co2-by-25-in-2022-report/
Competitive Landscape
Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets
https://cryptoslate.com/press-releases/primex-finance-introduces-beta-0-3-0-app-with-deployments-to-polygon-mumbai-and-zkevm-testnets/
Infrastructure protocol Intu seeks to provide complete ownership to crypto accounts
https://cryptoslate.com/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts/
DCG’s CoinDesk receives buyout interest; exploring partial or full sale
https://cryptoslate.com/dcgs-coindesk-receives-buyout-interest-exploring-partial-or-full-sale/
ConsenSys CEO confirms layoffs, firm to focus on scaling core offerings
https://cryptoslate.com/consensys-ceo-confirms-layoffs-firm-to-focus-on-scaling-core-offerings/
FTX-linked Moonstone Bank is closing its clients’ cryptocurrency accounts
https://cryptoslate.com/ftx-linked-moonstone-bank-is-closing-its-clients-cryptocurrency-accounts/
1inch launches multi-coin hardware wallet
https://cryptoslate.com/1inch-launches-multi-coin-hadware-wallet/
Flashbots Seeks to Raise $50M at $1B Valuation: Report
https://cryptobriefing.com/flashbots-seeks-to-raise-50m-at-1b-valuation-report/
Coinbase Lists Kava, Advancing Ethereum–Cosmos Interoperability
https://dailyhodl.com/2023/01/18/coinbase-lists-kava-advancing-ethereum-cosmos-interoperability/
World
Deepest inversion since 1981, high probability of recession 2H 2023 or early 2024
https://cryptoslate.com/insights/deepest-inversion-since-1981-high-probability-of-recession-2h-2023-or-early-2024/
Spanish central bank approves digital Euro token EURM
https://cryptoslate.com/spanish-central-bank-approves-digital-euro-token-eurm/
CFTC commissioner asks Senate not to permit exchange self-certification
https://cryptoslate.com/cftc-commissioner-asks-senate-not-to-permit-exchange-self-certification/
SEC lawsuit against Ripple may end by summer: Ripple CEO
https://cryptoslate.com/sec-lawsuit-against-ripple-may-end-by-summer/
SEC crypto enforcement actions up 50% in 2022 – nearly half against ICOs
https://cryptoslate.com/sec-crypto-enforcement-actions-up-50-in-2022-nearly-half-against-icos/
ConsenSys faces audit at shareholder request
https://cryptoslate.com/consensys-faces-audit-at-shareholder-request/
Federal Government Officially Reaches Debt Limit, Triggering ‘Extraordinary Measures’ To Prevent A Default—Here’s What That Means
https://www.forbes.com/sites/saradorn/2023/01/19/federal-government-officially-reaches-debt-limit-triggering-extraordinary-measures-to-prevent-a-default-heres-what-that-means/?sh=64d88d9fac18&utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2614851
Thought Leadership
2022 Electric Capital Developer Report
https://www.developerreport.com/developer-report
2023 Deloitte CXO Sustainability Report
https://www.deloitte.com/content/dam/assets-shared/legacy/docs/2023-deloitte-cxo-sustainability-report.pdf
Why is Bitcoin pumping in 2023? – BitTalk #4 (20mins)
https://cryptoslate.com/podcasts/why-is-bitcoin-pumping-in-2023-bittalk-4/
The Internet Is (Hilariously) Predicting 2023 Trends
https://sea.mashable.com/life/22166/the-internet-is-hilariously-predicting-2023-trends
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