Bullish Options, Banned Coins, Accused Marketplaces and 20 Crypto Jokes

by Arthur · February 11, 2023

This week in crypto, we found that the options markets were more bullish on bitcoin than ethereum, the bitcoin golden cross was confirmed, the non-zero balance bitcoin addresses hit a new record high, and 90% of BNY Mellon’s institutional clients were interested. in digital assets. After a devastating earthquake hit Turkey and Syria, crypto companies rushed to help the fundraising effort, with Binance saying it would release $100 worth of BNB to its Turkish users. Speaking of Binance, it shocked the crypto community when it temporarily suspended USD withdrawals and deposits for international customers.

In CBDC and regulatory news, the use of electricity-free digital yuan payment was on the rise in China, the Bank of England and the Treasury began exploring the possibility of launching a state-backed “digital pound”, and 5,000 merchants and 50,000 users participated in India’s CBDC- pilot project. As South Korea took a big step towards bringing crypto into the mainstream by introducing new guidelines for security tokens, the Brazilian government was set to give prosecutors, courts and police new powers to confiscate crypto, and Dubai’s Virtual Asset Authority banned the use of privacy coins. US Senator Elizabeth Warren joined lawmakers’ efforts to learn more about the energy use of cryptomining, while illegal cryptominers were blamed for major power outages in Abkhazia, after which police there confiscated 396 cryptomining rigs in just 48 hours.

In legal and legal-related news, OpenSea was accused of theft, negligence and extortion, a former Coinbase employee pleaded guilty to insider trading, Genesis reached an agreement with creditors that would involve the sale of its crypto lending and trading arm, Kraken learned. in hot water with the US SEC over alleged securities violations, Brian Armstrong hit back at rumors of an incoming US ban on crypto betting, South Korean officials traveled to Serbia in an attempt to find Do Kwon, a South Korean CEO was jailed for five years for By “misusing” $2.4 million worth of ETH from a partner company, a fake crypto bank manager was sentenced to 10 years in prison, and the Brazilian company behind a suspected $193 million crypto pyramid scheme declared bankruptcy. Meanwhile, potential buyers showed interest in the controversial Hodlnaut, and bidders were given more time to register their interest in FTX Japan. Speaking of FTX, $19.6 million in legal and financial advisor fees were collected in just 51 days, prosecutors in the Sam Bankman-Fried case settled a dispute over bail conditions, and new FTX management called for political figures and other recipients of donations by FTX leaders must return the funds by the end of the month.

In miscellaneous and other news, there will be no crypto ads during the Super Bowl this year, former Bitcoin developer Gavin Andresen regrets once supporting Craig Wright, and luxury rehabs now offer treatments for crypto addiction.

Time to laugh at the selection of carefully assorted jokes.

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Good morning, CT! How are you?