Hey, hey, hey! ???????? Good day to all of you awesome people out there!
Guess what? This week, we have an epic lineup of sensational stories ???????? that are sure to blow your mind! So, take a break, pour yourself a cup of coffee ☕, and get ready to be transported to a whole new world of imagination, inspiration, and creativity! ????????
- ????Elizabeth Warren’s Anti-Crypto Army
- ????Tightening Regulations on Cryptocurrencies
- ????Flybondi’s NFT Ticketing
- ????Kwon’s Cryptocurrency Scandal
Crypto Avengers Assembleee!
US Senator Elizabeth Warren is taking on crypto, like she’s on a mission! But, as much as she dislikes crypto, it seems like the American people love it…so Warren, did you not get the memo? ???? Here’s what you need to know about her crusade:
- She thinks crypto will ruin the economy…hmm, someone needs to tell her about Bitcoin’s meteoric rise! ????????
- She’s all about stricter AML policies for crypto companies.
- Some are concerned that her campaign will destroy crypto as a technological venture.
But, the crypto community is not going down without a fight. Are Warren’s army ready for a battle? ????
The government is taking a toll on the crypto industry by playing dirty with more paperwork and regulations. Traders and exchanges are now required to provide more info on their transactions, and failure to comply will lead to severe consequences. This could discourage new investors from entering the crypto market. YIKES! ????
But wait, there’s more! Certain states in the US have now banned the mining of digital currencies. The state legislature in Wyoming, for example, just passed a bill prohibiting the mining of Bitcoin and other cryptocurrencies because of the high energy demands. Wyoming’s governor even called mining “an unsustainable energy-intensive activity.” ????
NFTickets Please!
NFTs are hot, hot, HOT right now, and we now have one more way to use them. Flybondi has started issuing non-fungible tokens, “NFTickets,” for their flights. Now, travelers can change their name, transfer, or sell their tickets independently with more flexible travel experiences. This new integration is called “Ticket 3.0” – get it? It’s like Web 3.0… genius! ????????
- Ticket 3.0 allows passengers to change their name, transfer, or sell their “NFTickets” independently, offering a more flexible travel experience.
- Travelers can purchase tickets using fiat currency and get synchronized NFT tickets on top of regular e-tickets.
Kwon Found! Who Wins Extradition: US or South Korea?
Hold onto your hats, folks because this one’s a doozy! The co-founder of Terraform Labs, Do Kwon, is currently in jail in Montenegro, awaiting extradition for his alleged involvement in a cryptocurrency fraud that caused the loss of $40 billion in market value. The US and South Korea have both brought charges against him, and they’re currently fighting over who gets to take him home first ????♂️.
But the plot thickens with a twist: Kwon might challenge his extradition. As if that wasn’t enough, he was caught traveling with false documents when he was initially arrested in Montenegro. Oh boy, our lead suspect is a hacker and a shady traveler! ???? And his company, Terra, isn’t off the hook either. Both the Department of Justice and the Securities and Exchange Commission are also investigating his company’s collapsing like a drunken Jenga tower. Phew, that’s a lot to take in! ????
Market Watch Ft. Wise Guy
Last night, Bitcoin had a brief spike over $28,900 but didn’t stay there for long and is now hovering in the middle of its current range. Despite some choppy price action over the past two weeks, Bitcoin has formed some clean horizontal levels – good news for those who like to scalp or trade in ranging markets.
Currently, Bitcoin is trading below the $28,130 pivot, which means that any retest of that level could trigger another run at $27,650 support and possibly even lower. On the other hand, if Bitcoin can reclaim $28,130, it could open the door for $28,475 and potentially even the $28,900 macro resistance. It’s a simple over/under scenario, but it’s currently one of the best ways to trade Bitcoin until momentum picks up again. Stay tuned, and happy trading! ????????
