Breaking Bitcoin Resistances, Doggycoin Moves, Exploited Bridge, Unhosted Propagandas and 20 Crypto Jokes

Categories: Bitcoin US

This week in crypto news on Cryptonews.com: Bitcoin broke key resistance and crossed USD 47K as Terra bought more BTC and liquidations soared, Zilliqa went up after news that Metapolis partnered with Agora, and then up some more with a new NFT gamins partnership, holders of ApeCoin started earning a yield on Nexo, and then Will Smith Inu token pumped as it began trading on Uniswap. Japanese BTCBOX will become the first licence-holding platform to list dogecoin, Shiba Inu unveiled its metaverse project, and OpenSea all but confirmed its intentions to add support for Solana NFTs. Speaking of NFTs, Ukraine began its war-themed NFT sale and sold 1,282 of them in one day.

Also, as chaebol business groups such as Samsung and LG could be eyeing cryptoasset issuances, MicroStrategy took a bitcoin-secured loan of USD 250m from Silvergate Bank to buy more BTC, its CEO said the world’s financial markets are not ready yet for BTC-backed bonds, and Grayscale could take legal actions against the US SEC if it rejects the company's bid to convert its Bitcoin trust into an ETF. Furthermore, Blockchain.com said it more than doubled its valuation to USD 14bn in a year, Coinbase and Binance could be set to go head-to-head with their expansion plans in Brazil, HBAR Foundation announced a USD 155m development fund intended to boost the use of the Hedera network in DeFi applications, UnionPay decided to launch a self-service platform for merchants to add the digital yuan pay options, and Bitfinex said that it already received “half a billion dollars” worth of potential interest in El Salvador’s BTXbonds offering from its customers. 

 Meanwhile, Lionel Messi signed a deal worth over USD 20m to promote Socios.com, and Coinbase is on the hunt for a crypto-loving all-action hero.Also also, the former Mt. Gox CEO announced a “commemorative” NFT collection for users and creditors,  another expensive NFT got sold at a massive discount, impostors are increasingly making deep fake videos of ordinary people to promote crypto scams, and Axie Infinity’s Ronin blockchain bridge was exploited to the tune of more than USD 600m, which revealed how proof-of-stake chains still struggle with a fundamental flaw in their design, said an analyst, and due to which the Origin update lunch got postponed.

Also also also, the crypto industry decided to fight back against the EU’s 'unhosted wallet' propaganda, and they are looking to hamper the TFR’s potentially harmful impact on the crypto sector’s future development. Anonymous sources claimed that the UK government was slated to reveal its crypto regulatory framework in the coming weeks, while the proposed 20% tax on unrealized gains put forward by the US Department of Treasury could become a “penalty for being successful”, and a US Senator suggested banning the Fed from issuing a direct-to-consumer CBDC. Russia appears keen to foster its Bitcoin and crypto mining sector amid its war in Ukraine, while Chris Larsen is stumping up USD 5m to co-fund a campaign 


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