Another eventful crypto week. Let’s take a look at what happened. So, China’s central bank officially confirmed that digital yuan testing is coming soon, and there are reports that McDonald’s, Starbucks, and Subway may take part in its testing. Uniswap and Lendf.Me were attacked using a known vulnerability, with the latter losing over USD 25M. But a day later, the attacker returned all the stolen money as they screwed up royally. BTC mining difficulty went up again and may even reach a new all-time high before the halving. Meanwhile, researchers were hard at work, saying that the crypto market is “returning to rational” levels, stablecoins don’t inflate crypto markets, and new Libra could help crypto adoption, while some analysts were painting a bullish picture for bitcoin, with lower bond yields and a weak stock market.
We also saw Ripple sue YouTube for allegedly failing to fight scams, and K-pop and charity kingpin denied crypto scam reports. While Kraken CLO believes that in a couple of years it’ll be the courts not the U.S. Congress making crypto laws, the Dutch National Bank says CBDCs could learn from Bitcoin, but rejects decentralization, and Chinese blockchain-powered trade pilot claims to enjoy international success. A Japanese analyst says traditional investors will come flocking to crypto, and another Japanese SBI-backed crypto exchange is set to begin trading. Meanwhile, Dharma launched a feature for sending DAI payments to Twitter handles, and internet users may have uncovered 1999 forum messages from a young Satoshi Nakamoto.
Time for our favourite part of the weekend – crypto jokes.
Once again, gooood morning, Crypto Twitter! What’ve you been up to?
Good morning familia… CT in a nutshell.pic.twitter.com/SlgmSDAdsc
— Panama Crypto (@Panama_TJ) April 10, 2020
But, that’s a major topic in CT! It’s c. 63.491% of all conversation!
So I was taking to my friend yesterday…
He said that his dad’s third cousin’s grandson’s barber’s aunt’s half brother’s co-worker from two jobs ago mentioned that he knows some people that know people who said the markets are going to boom in the coming week
— Josh Rager 📈 (@Josh_Rager) April 7, 2020
Wall Street can say what they want about crypto, but a shitcoin has never traded negative 😂🤷🏽♂️
— Pomp 🌪 (@APompliano) April 21, 2020
It’s like, like, waaay up!
When economists tell you about the surging demand for US Dollars. pic.twitter.com/aC3NCeLvsl
— Mati Grrrrrreenspan (tweets aren’t trading advice) (@MatiGreenspan) April 12, 2020
Ah, well, there you go! The proof is in the drawing.
Well done. Now gimme some.
Think in advance. Juuust in case.
<Places order for 19million BTC @ $0.01 just in case>
— Alistair Milne (@alistairmilne) April 20, 2020
Poor kids, must’ve been traumatised.
#Bitcoin $spx #Brrrr #TheBiggestScamEver pic.twitter.com/5WjhZdAZXB
— League (@LeagueCrypto) April 16, 2020
How the pandemic affected the crypto industry, you ask?
Speaking of traders, they know full well: at any one point it’s either ‘buy’ and ‘bye’.
What will Apple’s bitcoin hardware wallet be called?
— Justin Moon (@_JustinMoon_)
It’s Finance 101. What else are you gonna believe if not the expertise of random cartoon characters?
Nothing better than a good, accurate advice combined with an inspirational, factual quote!
“Bitcoin is a device for transferring wealth from the impatient to the patient.” — Warren Bitcoin
— Stephan Livera (@stephanlivera)
You see. Advice-receiver.
cigarettes as so last year. Toilet paper is where it’s at. Sold all my bitcoin for it and now im sitting on a goldmine. Already got merchant adoption! When moon? soon 😎 pic.twitter.com/ZPUxKRdFUh
— Nik (@nikcantmine) April 13, 2020
And here you go, an advice-giver.
Peter Schiff when gold was $1,000
Peter Schiff when gold is $1,000 pic.twitter.com/lmUQXyQ803
— Rampage (@thrillmex) April 14, 2020
This stock-to-rainbow model ends the Battle Royale.
buy bitcoin 🌈
(h/t @ercwl) pic.twitter.com/sOIH2beGVW
— PlanB (@100trillionUSD) April 20, 2020
And while we’re at rainbows…
TRON has revealed its completely new, unique logo pic.twitter.com/g9z25gCv4K
— brian hoffman 🍕 (@brianchoffman) April 16, 2020
It’s all about misdirection in exchanges and magic.
Crypto exchanges pumping shitcoins pic.twitter.com/dFN6aqSPaV
— CryptoChimp (@Cryptanzee) April 19, 2020
How likely is this post-pandemic situation? Discuss.
This community in 6 months. from r/Bitcoin
And the crowd was like “let there be sound money,” and behold, there was adoption.
Rare historical photo “Crowd introduced to Sound Money” 1929 from r/Bitcoin