The Cryptoverse brought us quite a few interesting stories this week. Lower USD interest rates, combined with the inflation and crypto volatility could bring greater demand for stablecoins and cryptocurrencies, and while Silk Road founder predicts that there will soon be another market crash before the BTC price goes up, Pantera Capital CEO thinks BTC will explode this year. Interestingly, ‘bitcoin halving’ became more popular on Google than ‘bitcoin,’ and locked-down Russian internet users flock to bitcoin (BTC) and the Bible . People tell the Cryptoverse what to do to get mass adoption, CZ says blockchain fundraising will continue to grow, and NEO’s founder says blockchain is a post-pandemic winner. BTCPay integrated P2EP, and Rocket issues the first ever loan with ENS name as collateral. Meanwhile, investors sued the Maker Foundation.
Into the world of regulators we go! We may have seen first pics of China’s much-awaited CBDC, but digital yuan real-world tests may begin in May, and a number of tech giants became members of China’s new blockchain committee, while IT firms quickly started denying involvement with digital currency. IMF said we’re in for a crisis like no other, and the Chair of the FSB said that ”global stablecoins” oversight recommendations are based on the ‘same activity, same regulation’ principle. Meanwhile, South Korea tells blockchain firms to seize the chance to become leaders, while the country’s prosecutors are trying to open 15 seized crypto wallets in the Telegram Nth case. As an EU committee called for crypto regulations to be made on an international level, Zimbabwe may have (not) made a U-turn on BTC, and we learned that the government policies stand behind Venezuelan BTC exchange’s SMS gateway service. Lastly, Facebook’s Libra has a new plan to please regulators, Huobi Korea searches for new investors as it aims at the ‘big three,’ a crypto entrepreneur sold his personal tokens on the ETH blockchain, raising over USD 20,000, and blockchain-powered cosplay came to Japan.
And now, the jokes! Enjoy!
Goooood morning, CT! What’s up?
The halving is a meme.#btc
— George (@George1Trader) April 14, 2020
Got it! Anything else?
— ᴹᵁᴴJoe⁰⁰⁷ 🐳 (@J0E007) April 10, 2020
Speaking of halving, you may think it’s far…or that it sees you…
— PlanB (@100trillionUSD) April 8, 2020
But, before the halving, let’s look back at the first quarter of 2020.
2020 overview so far.pic.twitter.com/QU4u7ZTClc
— Panama Crypto (@Panama_TJ) April 13, 2020
Now that the world’s at this point, time to choose I guess.
Source: btcclicks /Instagram
Other people make choices too, you see.
Source: coinscapture / Instagram
Source: novunetwork / Instagram
And it’s organic.
When you spend all day trading and make enough to cover 3 full meals for the day pic.twitter.com/k42YFPzxby
— Ramp Exotic (@RampCapitalLLC) April 8, 2020
Oh, look! The documentary makers tracked down a couple of altcoin traders!
Rare footage of Altcoin traders in their natural habitat pic.twitter.com/xBSjZWMMH7
— smilingcarl (@smilinglllama) April 14, 2020
If only all the ‘ones’ were these noticeable tho.
Digging through shitcoins then suddenly you find the one pic.twitter.com/8P1G7XPNoD
— The Crypto Dog📈 (@TheCryptoDog) April 14, 2020
Source: cryptofinally / Steampeak
Losing money, gaining money, losing money, gaining money, losing friends, gaining friends….
Hope somebody explained it to the poor man.
this guy just asked me how to buy bitcoin with his stimulus check pic.twitter.com/I6TdbfzBco
— Neeraj K. Agrawal (@NeerajKA) April 15, 2020
The elderly need out help now.
— Bitcoin Lawyer ☣️ [UASF] [no2x] ⚡️ [BTC/LND] (@Bitcoin_Lobby) April 17, 2020
But seriously, let me tell you just one more time!
Source: crypto1method / Instagram
But seriously! The central banks–
Source: thefatbitcoin / Instagram
Holy mother of crypto! I tried telling you though.
“The Fed has our back”pic.twitter.com/aIWtdHwYCl
— Sven Henrich (@NorthmanTrader) April 15, 2020
It’s both hilarious, sad, cute, and frustrating. Yes, both of those things.
Bitmex giving factual reasoning why the exchange shutdown during 3.8k selloff pic.twitter.com/D1vo4VcZXk
— Cryptochimp (@Cryptanzee) April 8, 2020
Wow, I never found a toucan in my life. Now, that’s a skill all analysts should poses.
Found a toucan pic.twitter.com/Jx5hYE3GJ8
— SalsaTekila (@SalsaTekila) April 12, 2020
And for the end, let’s see how positive affirmations classes teach us to use arrows to tell the future.
This is truly a work of art. Sound on.
Source: u/CasuallyExplained pic.twitter.com/4HpmoR6vdD
— Will Hershey (@maybebullish) April 9, 2020