Thursday, January 5, 2023

Friday, 6th January 2022

The Daily Spin. First Friday Edition. Wow, what a first week it has been for the world of crypto. As with 2022, we’ve managed to keep the attention of the public eye through extreme lows and extreme highs. As a matter of fact, keeping the interest of the public may actually contribute to the price of Bitcoin holding quite steady – as people look to see what’s going to happen next. But in this first week of the year, whether the bottom is officially in or not; some very interesting market behaviors are flashing right this very moment, with the decoupling of crypto prices and stock market prices. To be even more precise, crypto companies are being propped up; while at the same time, their syndicated equities markets are dropping in share price. Greyscale, DCG, Silvergate to name a few… there’s so much happening in the space right now, I’m going to reduce today’s summary to one-word sentences and get on with the actual news.

Silvergate. 3AC. Liquidations. DCG. Gemini. Chapter 11. Subpoenas. Mashinsky. Justin. Tron. USDD. Huobi. Blackrock. Goldman. CoreScientific. Ant. FTX. Congress. Solana. BONK. NFT. Mutants. Rug. CoinDeal. Dubai. SEC. ECB. CBDC. China. Quantum. Shopify. AVAX. UTXO. Bitcoin. Falling. Wedge. Unpack. That…is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed now after the holiday season 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
https://twitter.com/CoinwebOfficial/status/1610610603412041728?s=20&t=ujtXi4IDhi6jFT7zbOZ8DA

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’s Presentation at CryptoExpo Thailand, Oct 8
https://www.youtube.com/watch?v=FfUdcHFMXHg

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

Latest Video Release: Liquidity Pools Explained (Part I) (4mins)
https://youtu.be/Z5byW7OOMP8

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

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

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

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“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

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

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)

On the Block(chain)

Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
https://cryptoslate.com/silvergate-capital-bank-forced-to-sell-assets-at-loss-fires-40-of-staff/

DCG Confirms Shutdown of Wealth Management Subsidiary HQ
https://decrypt.co/118533/dcg-hq-shut-down-genesis-layoffs

Update: Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy
https://cryptoslate.com/genesis-sacks-30-of-workers/

Fake Solana NFTs Are Being Sold on Magic Eden in 'Massive' Exploit
https://decrypt.co/118412/fake-solana-nfts-magic-eden-massive-exploit

Research: Bitcoin super whales remain aggressive accumulators, retail sells
https://cryptoslate.com/research-bitcoin-super-whales-remain-aggressive-accumulators-retail-sells/

Research: Bitcoin UTXOs grow despite bear market
https://cryptoslate.com/bitcoin-utxos-grow-despite-bear-market/

New York Attorney General files lawsuit against Celsius’ Alex Mashinsky for defrauding investors
https://cryptoslate.com/new-york-attorney-general-files-lawsuit-against-celsius-alex-mashinsky-for-defrauding-investors/

Institutional Crypto Investments Dropped 95% to $433 Million in 2022
https://decrypt.co/118425/crypto-investment-falls-95-percent-to-433-million-2022

Competitive Landscape

Coinbase Settles for $100M With Regulators Over Compliance System
https://cryptobriefing.com/coinbase-settles-for-100m-with-regulators-over-compliance-system/

Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
https://www.coindesk.com/markets/2023/01/06/huobi-exchange-token-down-11-on-reports-of-layoffs-internal-strife-at-company/

Pionex removes Huobi’s market-making funds
https://cryptoslate.com/pionex-removes-huobis-market-making-funds/

Hong Kong Crypto Mogul Aims to Raise $1 Billion for Web3 Fund
https://www.bloomberg.com/news/articles/2023-01-05/hong-kong-crypto-mogul-aims-to-raise-1-billion-for-web3-fund

3AC Founders Kyle Davies and Su Zhu Tagged in Tweet Delivering Court Subpoena
https://decrypt.co/118514/3ac-founders-kyle-davies-su-zhu-twitter-subpoena

3AC Liquidators issue subpoena to 3AC co-founder Kyle Davis
https://cryptoslate.com/3ac-liquidators-issues-subpeona-to-3ac-co-founder-kyle-davis/

Solana’s Doge-Themed BONK Drops 54% After Bonkers 3,300% Gains
https://decrypt.co/118502/solana-doge-themed-bonk-bonkers-price-drop

BONK diluted market cap crashes $140M, Whitepaper link added
https://cryptoslate.com/bonk-diluted-market-cap-crashes-140m-whitepaper-link-added/

Fantom developers to receive up to 15% as revenue from gas monetization
https://cryptoslate.com/fantom-developers-to-receive-up-to-15-as-revenue-from-gas-monetization/

Fan tokens rise by 7% following UPbit listing
https://cryptoslate.com/fan-tokens-rise-by-7-following-upbit-listing/

World

Dow Falls 300 Points As Worsening Layoffs Confirm Tech Selloff Could Linger ‘A While Longer’
https://www.forbes.com/sites/jonathanponciano/2023/01/05/dow-falls-300-points-as-worsening-layoffs-confirm-tech-selloff-could-linger-a-while-longer/?sh=5a9716f24417

Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan
https://www.forbes.com/sites/ywang/2023/01/04/jack-mas-ant-group-gets-regulatory-nod-for-15-billion-capital-increase-plan/?sh=20f2421f3467

Exclusive Transcript: The Full Testimony Bankman-Fried Planned To Give To Congress
https://www.forbes.com/sites/stevenehrlich/2022/12/13/exclusive-transcript-the-full-testimony-sbf-planned-to-give-to-congress/?sh=50a2b2c53c47

DOJ Files Charges Against Alleged Mutant Ape Planet NFT Rug Pull
https://decrypt.co/118530/doj-charges-mutant-ape-planet-nft-rug-pull

Shopify Merchants Can Now Sell Avalanche NFTs Through Their Online Stores
https://decrypt.co/118449/shopify-merchants-can-now-sell-avalanche-nfts-through-their-online-stores

CoinDeal Scammers Nailed By SEC in $45 Million Fraud Case
https://decrypt.co/118451/coindeal-scammers-nailed-by-sec-in-45-million-fraud-case

Dubai’s New Crypto Law Attracts Bybit And Crypto.com To Set Up Local Offices
https://www.forbes.com/sites/zinnialee/2022/03/29/dubais-new-crypto-law-attracts-bybit-and-cryptocom-to-set-up-local-offices/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2586716&sh=389777ee2d92

FTX engineering director Nishad Singh is being probed by U.S. authorities
https://cryptoslate.com/ftx-engineering-director-nishad-singh-is-being-probed-by-u-s-authorities/

ECB calls for crypto regulation, expedited CBDCs deployment
https://cryptoslate.com/ecb-calls-for-crypto-regulation-expedited-cbdcs-deployment/

France’s top bank official calls for mandatory crypto licensing rules
https://cryptoslate.com/frances-top-bank-official-calls-for-mandatory-crypto-licensing-rules/

Thought Leadership

Beware Off-The-Shelf IP License Agreements for NFTs
https://bravenewcoin.com/insights/beware-off-the-shelf-ip-license-agreements-for-nfts

Chinese Researchers Claim They Cracked Encryption with Quantum Computers
https://decrypt.co/118529/chinese-researchers-claim-to-have-cracked-encryption-with-quantum-computers

Most Impressive NFT Projects of 2022
https://decrypt.co/117332/most-impressive-nft-projects-2022

Highest number of crypto layoffs seen in 2022
https://cryptoslate.com/highest-number-of-crypto-layoffs-seen-in-2022/

Pompliano and Shellenberger clash over validity of Bitcoin
https://cryptoslate.com/pompliano-and-shellenberger-clash-over-validity-of-bitcoin/

https://preview.redd.it/tkcobg2yycaa1.png?width=653&format=png&auto=webp&s=c2527616f6e293e3261d420eeafc5b53104e5f7d


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