This week in crypto news: Bitcoin shortly neared USD 10K with altcoins gaining bullish momentum too, while BTC was still leaving exchanges rapidly, and Bitcoin-Ethereum bridge, tBTC, was put to sleep two days post-launch. As the threat of inflation looms, investors turn to gold, and maybe BTC, BitPay reported processing 10% more volume, BitMEX trading engine failed, and BlockFi suffered a data breach. Facebook’s Libra competitor Celo says its mainnet went live, while Visa admitted that it’s open to the idea of returning to the Libra project. Trezor team is making a fully transparent BTC wallet chip, and Blockchain.com aims to reach 1 billion wallets by 2030. Bitcoin Pizza Day was on Friday – check out how BTC changed in ten years.
With stricter regulations on exchanges, darknet turned to BTC mixers. Furthermore, a ruling in Japan suggests exchanges don’t legally have to transfer hard fork-generated cryptoassets, a new Russian law could hit illegal crypto traders with 7-year jail terms, China’s digital yuan will likely be interoperable with WeChat Pay and AliPay, Binance is re-entering China via the ‘blockchain, not crypto’ door, the Brazillian financial watchdog reopens the probe into banks that cut off crypto exchanges, and South Korean central bank stepped up its CBDC work in response to the pandemic. We looked into personalised tokens, 5 historic post-halving BTC price predictions, 4 examples of powers making a case for BTC, and BTC vs. modern monetary theory. Lastly, Vitalik and Justin feuded over Steem, JK Rowling kept stirring the Cryptoverse pot, and lawyers claim Craig Wright has the keys to encrypted BTC 820,200 file.
With news part done, jokes part starts. Enjoy!
Hey, CT? What valuable discussions have you been leading this week?
Predicting my feed today:
Bulls: This is just a small retracement, that was your LAST chance (142 nd time actually) to buy below 10k. Bears must be eradicated for the strong to survive.
Bears: haha, get rekt morons, see you all at 3k! $BTC is a ponzi and you deserve poverty!
— Devchart (@devchart) May 18, 2020
Status: from r/Bitcoin
BTC holders watching like… pic.twitter.com/72rffLqdhN
— Jamie xrP (@DeoxyRib) May 19, 2020
“Not in the long-run,” the doctor replied in a fashion of a white-bearded sage. “There’s no hodling life.” And the patient was confused.
Doctor, please! I have to know… am I going to make it?! from r/Bitcoin
CT’s on it! They’ll explain stuff!
Explain this to J.K. Rowling https://t.co/B6dZ27PFJi
— Federico Tenga (@FedericoTenga) May 17, 2020
Here’s an explanation.
Crypto twitter trying to explain bitcoin to @jk_rowlingpic.twitter.com/yHde3Fr8tG
— Hailey Lennon (@HaileyLennonBTC) May 22, 2020
And here’s the result.
The Boy Who Lived from r/CryptoCurrency
This is how it all starts.
I can’t help it from r/CryptoCurrency
And this is what happens in approximately a week since it all starts.
Institutions waiting for a sign to enter crypto.
So, you put this round, ball-y thingy on a finger first, right?
When shitcoiners try to teach sound money principles to a bitcoiner.#Bitcoin #BTC pic.twitter.com/ZcKPTKSP03
— Bitcoin meme vids! (@Bitcoin_vids) May 7, 2020
The confusion: “My thoughts after I read some posts on r/Bitcoin.”
This genuinely frightens the living shitcoin out of me.
Yeah boy lets do it! pic.twitter.com/S8v4uUmr8n
— Panama (@Panama_TJ) April 30, 2020
Explaining BTC to your grandparents. They didn’t understand a word you said, but are proud of you anyways.
My grandma and grandpa when I try to explain Bitcoin to them. pic.twitter.com/RyjYmc9yTj
— Brady (@Bmgentile) May 4, 2020
Finding somebody you don’t have to explain BTC to.
“Please, move along, you’re disturbing our customers.”
4D chess: 1) Use a parody Twitter account to pretend you’re Adam Back; 2) Admit you’re Satoshi Nakamoto.
Welcome to crypto, Satoshi! Grab a @coinbase account when you’re ready to use that Bitcoin (not just hold it), and get into any of the many other cryptos out there!
— Paolo’s replenished sock (@DrHOSP1) May 18, 2020
The eternal search for Satoshi.
How to verify this from r/CryptoCurrency
Remember that time you ruined my joke and had no idea, Justin? Who’s laughing now?
probably this. pic.twitter.com/WIrrGAJQX7
— wolfofethereum.eth🐬 (@LUKACACIC) May 16, 2020