The week opened with major Covid-19 vaccine news, followed by bitcoin and altcoins dropping, but then bitcoin smashed through USD 16k. Meanwhile, Bill Miller and JPMorgan’s analysts made bullish statements on BTC, Ray Dalio said governments would ban it while the Cryptoverse disagreed, and Kraken researchers said that BTC whales accumulation will drive further appreciation in price in November. The launch of ETH 2.0 Phase 0 may have to wait till January, and Infura went down for a few hours due to an “unannounced hard fork” of the Ethereum blockchain. Meanwhile, a Ripple exec lost thousands on ‘worthless’ tokens like many others in the space, the troubled Cred suggested three ways it could refund customers, and a company seeks to collect royalties from BTC ATM operators and manufacturers.
In the crypto-regu-land: the Cryptoverse might face a ‘more aggressive’ SEC under the US President-elect Joe Biden, the Fed hinted they wouldn’t be rushed into issuing a digital dollar, the Council of the European Union is allegedly seeking to bypass encryption, an ex-CIA analyst said that the Beijing blockchain network may spark Chinese net dominance, and an Argentinian crypto bill is headed toward a parliamentary vote. Also, central banks may be on the hunt for a hedge and they may catch some BTC. And while an ex-Microsoft engineer was convicted in a landmark case involving bitcoin tax fraud, a critic said that Russia’s blockchain-powered voting systems could be exploited by unscrupulous politicians. Speaking of Russia, their Ministry of Finance plans to hit crypto holders with jail time if they fail to declare their earnings.
And here is your weekly crypto treat.
Morning, Crypto Twitter!
— CryptoChimp (@Cryptanzee) November 5, 2020
Bitcoin went up, then dropped a tiny bit this week, how’s everybody feeling?
– bitcoin pumps 400%
– corrects 5%
— yTedd (@TeddyCleps) November 9, 2020
If you had to find a silver lining, what would it be?
the best thing about covid is that there’s no longer a new bitcoin conference every week
— juthica (@juthica) November 12, 2020
Classic jokes meet crypto jokes.
Chuck Norris would tell everyone his seed but noone would have the balls to take his #Bitcoin
— 33peat (@33Peat) November 10, 2020
It just doesn’t wanna!
This! Is! HODL!
Scene 1. The awakening.
Scene 2. Action.
Scene 3. Collateral damage.
Dabble a bit, you know…
I dabble in crypto pic.twitter.com/v4CSEaNBoE
— Koroush AK (@KoroushAK) November 10, 2020
Phase 0 of the vaccine is coming anytime between December 1 this year and some other date.
It’s reported that Ethereum’s Vitalik Buterin has also created a COVID vaccine, outperforming Pzifer’s by 7% at a 97% average effectiveness rate. It will be available only on ETH 2.0.
— KING CO฿IE (@CryptoCobain) November 9, 2020
Also playing in dETH, opETH, megadETH, ETHtrax, Ethereal Lad, Dream ThETHer, and Deposit Contract – and for DeMu (decentralized music) lovers, Corn.
— ETH Memes (@EthereumMemes) November 6, 2020
Speaking of… What’s going on with DeFi?
Can’t say they haven’t tried at least.
I’d like an analysis on how yodling correlates with hodling.
Also useful for when you tell your friends and family about BTC over the weekend.
This is an accurate description of the bitcoin markets for the next 15 months. pic.twitter.com/Zcbs1d9YlV
— Michael Goldstein (@bitstein) August 5, 2020
And lastly, here’s your weekend crypto sci-fi adventure / documentary-in-making.