Confident Bitcoin Whales, Stealing Ethereum Validators, Capturing Bitzlato, and 20 Crypto Jokes

Confident Bitcoin Whales, Stealing Ethereum Validators, Capturing Bitzlato, and 20 Crypto Jokes

This week in crypto: The bitcoin whales were confident in the latest rally and refused to sell. As Shanghai fever grew, the number validators for the Ethereum network jumped to 500,000. Additionally, the record number of Ethereum addresses with a balance of at least 92.5 million. We wanted to know if bitcoin would enter its next bullish market cycle, whether a US default would stop it or encourage it, if magic thinking resulting from a financial crisis would fuel the rise of cryptocurrency, and if the crypto moguls would like to be wiped out. Brokerage firm Bernstein advised institutions that they should try crypto, and to abandon their “zero crypto allocation” strategy.

US authorities have arrested the Russian co-founder and founder of the Bitzlato Exchange on suspicion of laundering illicit gambling and drug money. Binance was also identified as a counterpart to Bitzlato. Authorities claimed that Sam Bankman Fried siphoned billions in customer funds from FTX. FTX Japan was due to resume withdrawals in February. Monex Group suggested that it might buy FTX Japan. Silvergate shares rose after it assured investors that it was taking steps for the FTX collapse despite a $1 billion loss in the fourth 2022. The founders of troubled CoinFlex and Three Arrows Capital filed bankruptcy against Genesis. Coinbase stated that it was closing down its Japanese operations due to market conditions. CoinDesk has reached out to Lazard advisors to discuss a partial or full sale of Genesis. N26, a German digital bank, said that it is expanding the number of countries where clients can trade crypto. South Korean prosecutors are planning to prosecute 20 people who allegedly conducted $3.2 billion in illegal crypto transactions.

Tokyo Electric Power shared how it will use excess renewable electricity to power crypto mining operations. Hive Blockchain shares rose more than 100% in the first quarter of 2018, while Hive Blockchain’s machines were deployed. Nubank’s decision not to list MATIC or UNI on its app was welcomed by the crypto community. A number of South Korean companies are also preparing to launch security token-related services and are looking to regulators for approval. Kevin O’Leary stated that crypto is becoming “very interesting” due to recent events forcing lawmakers to push for a solid regulation framework. A CFTC commissioner warned lawmakers not to self-certify product listings by exchanges. The Japanese tax body indicated an intention to tax NFT sales as well as the profits made by crypto and blockchain gamers.

Let’s have a good time sharing some jokes.

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Good morning crypto Twitter!

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It was a difficult year, yes…

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It started off well. But not for the bears.

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Do not stand too close to the animal, as you never know when it will jump.

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Which one do you prefer?

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Okay, now sit down and let me tell you about a story.

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Why not?

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Halvenating.

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It’s all good. You can also shut up.

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What’s money?

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But what if…

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Unbulletprooflessfull.

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Found’im!

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This is the year’s best catch!

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Abe was a great teacher.

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Confidence.

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Have you seen our cryptocurrency wallets? It’s not public, but it is private.

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Here’s a classic.

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It’s a completely different game, mate.

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A documentary at the end.

By David Warsh

David Warsh is a leading expert in the field of cryptocurrency and blockchain technology. With over a decade of experience in the industry, he has a deep understanding of the intricacies of digital currencies and the potential they hold for revolutionizing various industries.