605:Bitcoin Whales, Legal Battles, Coinbase and CBDCs

Overnighters,

Episode 605:
15 Retail CBDCs by 2023
Terra Co-Founder in Legal Trouble
Bitcoin Whales Swim Against the Current
and More

The TL;DL

Bitcoin Whales Swim Against the Current - Despite Bitcoin's flat trading, big players, known as Bitcoin whales, have been buying up significant amounts. This activity, driven by optimism from recent developments, suggests confidence in Bitcoin's future.

Terra Co-Founder in Legal Trouble - Terra co-founder Daniel Shin is facing legal issues related to the failed Terra-Luna cryptocurrency project. Accused of fraud and other charges, Shin's trial could have significant implications for the crypto industry.

15 Retail CBDCs by 2030 - A survey by the Bank for International Settlements predicts that by the end of the decade, we could see around 15 retail Central Bank Digital Currencies in circulation, indicating a shift towards digital fiat currencies.

MiCA’s Effect on Private Stablecoins - The EU's MiCA legislation, which includes a daily transaction cap for private stablecoins, has stirred controversy. Critics argue it could stifle the use of large stablecoins and call for a more inclusive regulatory framework.

Coinbase Stock Soars - Despite facing a lawsuit from the SEC, Coinbase's stock has been on a steady climb. This growth, amidst legal battles, highlights the volatile and unpredictable nature of the crypto market.

Crypto Scammers on Threads - With the rise of Meta's new microblogging app, Threads, users need to be vigilant against potential scammers. High-profile Crypto Twitter users have already raised alarms about impersonators on the platform.

Crypto Overnighter Podcast (7/10/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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