Welcome to The Wise Guy, the premier source for all things crypto!
- Microsoft Trying To Edge Into the Crypto World With a Brand New Self-Custody Wallet
- A $320K Luxury Crypto Rehab Resort Where You’ll Never Want to Leave
- Balaji’s $2 Million Bitcoin Bet on US Hyperinflation Is ‘Stupid’ F
- lorida Governor Ron DeSantis Shuts the Door on CBDC
Owl says ‘GREED’
Surprise! Microsoft’s Working On a New Crypto Wallet
Microsoft is working hard on creating a new cryptocurrency wallet for its Edge web browser, according to a recent report. And you can thank Microsoft sleuth Albacore for finding it first! After all, it wasn’t easy – he had to do some serious software research and reverse engineering to make it happen.
It’s a non-custodial wallet, which means you stay fully in control of your funds. We think the FTX crisis had a real impact on this decision.
In other words, Microsoft won’t be peeking into your password and recovery key. Plus, it’s embedded in Edge itself, so you don’t even have to install any extra stuff — easy peasy!
On top of that, Microsoft also got Coinbase and Moonpay integration, plus support for NFTs and crypto swaps — which makes this a pretty sweet deal.
When asked if it is likely that Microsoft will launch a crypto wallet, Albacore said: ” With the kind of luck I’m having, I wouldn’t be surprised if they offer a built-in crypto-vault feature next!”
Crypto Addicts Check Into This $320K Rehab Resort – Luxury So Good, You’ll Never Want to Leave
Are you one of those, who constantly keeps on checking the price of Bitcoin, looks like you need a one-time fix.
The Balance has 10 properties across Spain, the UK, and Switzerland and promises its customers the ‘world’s best luxury rehab center and mental health clinic’ – a ‘safe haven where you can find recovery, peace, rest, and happiness.’ For this eye-watering fee, their customers get access to a personal manager, a chef, and a whopping 70 specialists – though not, unfortunately, discounts for returning customers. So if you’re willing to part with $192,000 to $320,000, then you too can experience a ‘luxurious’ – and expensive – crypto rehab.
Paracelsus Recovery in Zurich, Switzerland offers a new four-week residential treatment program for crypto addiction is the perfect way to spend your hard-earned $100,000. With luxurious lakefront properties, complete with a private chef, maid, and a 24-hour live-in therapist, you won’t be bored with all of the exclusive amenities Paracelsus has to offer! Don’t worry, you won’t even miss the crypto – no late-night trading here.
Will Former Coinbase CTO’s $2 Million Bitcoin Wager Pay Off?
Balaji Srinivasan, Coinbase’s former CTO, seems to be feeling pretty confident these days. He wagered on Friday that the price of Bitcoin will soar to a million bucks by June 17, 2023. We sure hope he’s right, because he has a lot at stake. He invested $1 million and is risking a huge pay out if he’s wrong.
Srinivasan’s bold bet is that the global economy is about to take a sharp turn for Bitcoin and no one else! He predicts that the U.S. Dollar will be hit with so much hyper-inflation that the only realistic financial solution will be to ‘redenominate’ Bitcoin as a digital gold. This will mean the market capitalisation of Bitcoin will shoot to the moon, from $549 billion currently to a massive $19.3 trillion.
The Bold Bet really inspired the meme-makers on Crypto Twitter, particularly Jimmy Song and Adam Cochran who couldn’t help but ask “how realistic could the prediction actually be?”
Cochran went on to state that Bitcoin would need a bigger catalyst than the Coronavirus pandemic of 2020 to rally 547% in the 2 year period, to which Jimmy Song replied “It needs to be a REALLY big catalyst like a Kraken either awakening or a Sumerian Bull-God arriving on Earth.”
Matt Levine asked an ironic question, “If Srinivasan thinks Bitcoin will become a millionaire in 90 days, why would he spend money to bet on it instead of simply buying Bitcoin?”
Florida Forbids ‘Reckless’ Adoption of CBDC
Looks like Florida Governor Ron DeSantis isn’t too keen on digital money! He’s calling for a state-wide ban on central bank digital currency (CBDC), saying that the Biden administration’s push for it is more about surveillance and control than convenience.
Governor DeSantis is hoping to have a CBDC law on his desk come 2023! And in a recent press conference on March 20th, he asked whether the Federal government should be the one to issue and control a CBDC. He said it would give them more power, however, he also mentioned that high inflation and Fed rate hikes would put more pressure on banks – so all in all it’s a tough call.
Crypto Market Watch Ft. Van De Poppe
Bitcoin made its highest trading price of the day soar to an impressive $28,459 on Monday. This was right after the Federal Reserve announced its partnership with five other major central banks in order to ensure a steady flow of the US dollar. But before you make any hasty trading decisions, the price did experience a pullback to $27,856 .But what about Ethereum ? Hold onto your hats, as it was down 1.93%, trading below $1,800!
Crypto analyst Michaël van de Poppe had an amusing observation about Bitcoin: “nothing has changed today,” as it’s just “chopping around.” The likely scenario, he said with a smirk, is either that a top is formed in the $28,500 to $29,000 area or a final sweep lower towards $25,000. If the latter occurs, van de Poppe recommended buying a bottom in that area for at least a bounce.
Honorable Mentions
It all started on March 19th with an employee-management disagreement on DefiLlama around the launch of a company token. What started as a seemingly innocent misunderstanding quickly escalated into a hostile takeover situation for the decentralized finance analytics platform.
After yesterday’s online drama, DefiLlama apologized for the whole shebang. “We want to put it behind us and move on, so here’s the deal – there’s no LLAMA token in the works, and any sort of airdrop will be discussed with our community – as they should be, for all things great and small.”
The hackers behind the mammoth heist of $200 million from Euler Finance may be set to return the funds – and they’re talking in good faith. According to screenshots shared by crypto data analytics platform CertiK, the hackers declared they have “no intention of keeping what is not ours,” sending an on-chain message to the Euler Finance team. “Let’s make this easy on all those affected,” they quipped.
