07 Mar: Price Follows Hashrate

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Happy Tuesday Folks! Alameda/FTX is now suing Grayscale; the drama continues. Today it's all about the miners and as Max Keiser says "price follows hashrate." Let's dive into the news for today...

Trending News Topics:

  • Argo increases Bitcoin production
  • Canaan's Q4 revenue sunk 82%
  • Yuga Labs Ordinal launch was a success

Global market cap battles to hold above $1 trillion as FUD sets in.

BITCOIN & ETHEREUM

Markets in ‘Transitional Phase’ Following Psychological Price Rejection. $ may need to dip to $19.3K to cool Bitcoin profit-taking — new data. increases production despite BTC difficulty growth.(2) Crypto Rig Maker 's Q4 Revenue Sunk 82% to $56.8M.(2) Bitcoin TwelveFold Launch Was a ‘Financial Success’ for Yuga Labs NFTs.(2)

EXCHANGES/BANKS

Silvergate Solvency In Question As Crypto Banking Troubles Brew.

LEGISLATION/REGULATION/TAXATION

Latest SEC Crypto Crackdown Targets Miami Investment Manager BKCoin. ‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller.  Thailand waives crypto for investment tokens.

LEGAL CASES

v. SEC: Regulator Goes After John Deaton to Revoke His Amicus Status and On Daubert Motions.(2) Bankruptcy Special Counsel, Advisers Bill $38M for January.

ATTACKS/HACKS/SCAMS

Hong Kong’s losses to scams doubled to $217M last year. Wallet tied to Uranium Finance reawakens after 647 days, shifting $3.3M.

Podcast of the Day: Regulating Crypto in the UK and EU | Bloomberg Crypto

Regulation and Society adoption

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