27th Sep
🟠Bitcoin Orange Pill 🟠 A Full Cycle detox. CoinDesk 🆚 Tether.to USDT is there some drama?
🟧 Bitcoin: A Peer-to-Peer electronic cash system, could suck u deep into a rabbit hole Bitcoin Magazine has an interesting article that talks about Bitcoiner as one part of the journey, but bitcoin adoption happens when we can teach others about the importance of hard, sound money.
✋🏻 As long as you don’t provide fake news or misleading & incorrect information regarding Bitcoin as done by Michael Saylor from MicroStrategy & Dan Held Bitcoin may be successful in creating a separation of Money & the state BUT Human Greed, Game Theory & the fixed supply of Bitcoin is still a tough problem to solve?
🛑 Glassnode weekly insights The Great Detox talks about HODLers remaining # steadfast, with numerous metrics displaying a full cycle detox. Article here https://bit.ly/3ReRScI explains Short-Term Holders are into a severe unrealized loss & with reference to the DXY index, Bitcoin has remarkably shown a degree of relative strength. Crypto globe has an interesting article that talks about Bitcoin being above the $19K level despite US Dollar Index reaching its highest level in over 20 Years. Article here https://bit.ly/3LJTzh9 talks about how DXY has gone from 109.58 to 114.16, which is an increase of 4.18%. In last week’s episode, we talked about how a high DXY index, means it becomes expensive for Bitcoin
🔢 CoinShares weekly blog provides a concise screenshot of last
week’s performance https://bit.ly/3xUQTaH it talks about inflows & outflows, particularly about Bitcoin & Ethereum. It also mentions Cosmos and XRP both saw inflows totalling US$0.4m and US$0.5m respectively.
💡For market, info See slides 1 & 2 for a detailed breakdown The volume of all stablecoins accounts for 91.82% of the total crypto market 24-hour volume.
⚠️Coindesk vs Tether USDT whats the drama?
Tether.to USDT former Auditor Fined $1M by U.S. Securities and Exchange Commission for sloppy Accounting CoinDesk article talks mention Friedman LLP, a New York-based accounting firm that provided auditing services for the stablecoin issuer in 2017 is accused of “serial violations of the federal securities laws” & “improper professional conduct.” the auditor was found to have lied about conducting its audits in accordance with the standards of the
The Public Company Accounting Oversight Board its mostly to do with the Chinese grocery chain iFresh
🧐 Earlier in the year, CoinDesk joined a court case seeking access to NYAG Tether Documents, some info here https://bit.ly/3r8u2of
🚨 Two UAE news: (Check slides)
⚡ The GThaler Universe will provide the technologies needed for organizations and individuals to create and enter into the metaverse
⚡ Comtech Gold- Fully gold-powered token to serve Islamic investors & become the first in the Mena region to get a Shariah compliance certificate
For slides click here: https://bit.ly/3ShW6S9
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