TGIF, awesome peeps! ???? We’ve got some mind-blowing stories that will have you saying ‘holy guacamole!’ Relax, grab a snack, and let’s dive right in!”
???? Coinbase To Say Bye To US
???? GOP vs Gensler: Waste Of Time
????️♂️ Taylor Swift Is Top G
???? Trump ‘Cute Cards’ Are Back
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Coinbase Is Moving To UK ????
Coinbase is relocating from the ???????? to the ????????! The move comes as the UK has a more accommodating ???? regulatory atmosphere, so we’re not surprised they’re considering it.
Coinbase’s CEO, Brian Armstrong recently tweeted about his “great meeting” with Andrew Griffiths, the UK Economic Secretary to the Treasury.
But, Why UK?
The UK wants to position itself as a “global ???? hub for ???? crypto asset technology.”
The British government laid out plans in February to regulate ???? crypto assets and opened up its suggestions up for consultation. The consultation period ends April 30.
The UK has been one of our fastest-growing user markets, and the EU is set to adopt the Markets in Crypto Assets (MiCA) regulation, which will bring in a new licensing ???? regime across the 27 member states.
If Coinbase does decide to move to the UK, it’ll be a huge win???? for the UK as Coinbase currently has 110 million users globally.
GOP vs Gensler: A Verbal Ping-Pong Match That Left Everyone Puzzled
Well, it looks like the US Securities and Exchange Commission’s (SEC) chairman, Gary Gensler, had quite the time at the GOP-led House Financial Services Committee (HFSC) meeting discussing crypto regulation! ????????
Unfortunately, it turned out to be more confusing than a Rubik’s cube in a dark room.
Some of the committee members seemed to be lacking in the tech department, with one of them even questioning the central audit trail while trying to decipher the decentralized nature of blockchains. I mean, come on, we’re not asking them to build a rocket here, just understand the basics of blockchain technology! ????
And then there was Rep. Davidson from Ohio who announced that he wanted to restructure the SEC but gave zero details on how and why he would do it. ????♀️
Gensler refused to provide an opinion on ether’s security status, which is like not giving your two cents on a pizza topping debate. However, he did give some hints on what might classify as a security, including having a website, Twitter account, and entrepreneurs. Wait, does that mean I’m a security? ????????
Swift Decision: Taylor Swift Bypasses $100M FTX Endorsement
Oh boy, it looks like a whole bunch of A-listers ranging from basketball star Stephen Curry to Seinfeld co-creator Larry David are getting caught up in a legal mess with FTX.
Apparently, the crypto exchange ???????? has been accused of selling unregistered securities in the form of yield-bearing accounts, roping the celebrities into a class action lawsuit as paid brand ambassadors promoting FTX.
Thankfully, Taylor Swift managed to escape the drama unscathed because, as a true boss lady, she asked the crucial question: “Can you tell me that these are not unregistered securities?” ????????????
As South Florida attorney Adam Moskowitz revealed on The Block’s The Scoop podcast, Swift was approached with a whopping $100 billion deal from FTX before its collapse, but she wisely turned it down. ????????
2014: ????Pulls her music from Spotify due to royalty disputes
2015: ????Calls out Apple Music for not paying artists during free trial period and successfully changes policy
2018: ????Forges deal with Universal to distribute Spotify shares to artists
2021: ????Releases re-recorded versions of old songs to regain ownership of masters
2022: ???? Releases exclusive Midnights vinyls as a savvy business move
The Art Of Selling NFTs ft. Donald Trump
Now here’s some news for all you Trump fans and crypto enthusiasts out there!
???? The former US President, Donald Trump, has done it again with his Trump-themed NFT collection! ????
The guy sure knows how to make money, and his Series 2 of Trump Digital Trading Cards have raked in millions of dollars! ????????????
To promote his latest collection, he made a grand return to Instagram after two long years, and even made the announcement on his own social media platform, Truth Social.
???? Clearly, Trump is keeping up with the times and getting into the crypto game, and boy did it pay off! ???? The NFTs sold out faster than you can say ‘Trump Tower’ and brought in a whopping $4.6 million!
The collection offered 47,000 NFTs at $99 a pop, but here’s the real kicker – those who bought 47 NFTs will win a dinner with the man himself at his Mar-a-Lago residence in Florida! ???? That’s not all though, because the new collection apparently caused a 44% slump in the floor price of the previous Series 1 digital trading cards.
Honorable Mentions
????Intel Signals End Of Bitcoin Mining Chip Business Amid Cost-Cutting Effort
????Starbucks’ Crypto Marketplace Is Selling Pictures Of Coffee Cups For $1,000
????Mystery solved! ????️♀️ A16z Crypto’s Orange Ball wasn’t some cryptic code, but simply an exciting teaser for Magi – their new Layer-2 Rollup Client.
Crypto Market Watch
???????? According to Michael Van de Poppe, a crypto analyst, Bitcoin needs to achieve two crucial levels in the coming days.
???? The first level Bitcoin needs to surpass is at $29,300, which will cause short liquidation.
???? The second level required for Bitcoin is $29,700, which would enable it to get back into the range.
Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday.
