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Bans, Exiles, Breakthroughs and 20 Crypto Jokes

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Journalist

Sead Fadilpašić

Journalist

Sead Fadilpašić

About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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Last updated:

June 26, 2023

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Just because it was a holiday week doesn’t mean that there were no crypto news. The head of the People’s Bank of China’s digital currency research institute confirmed that a “digital form of the yuan” is on its way, but said it’s different from BTC or stablecoins as it’s not for speculation. Meltem Demirors, chief strategy officer at CoinShares, said that the upcoming BTC halving will be different from previous halvings due to increased BTC market “directionality.” But Coin Metrics said that we simply don’t have enough historical data yet to make any predictions about halvings.

Before Binance announced its investment in FTX, both platforms registered the biggest gains in the crypto derivatives market in November. Meanwhile, the ICE-backed Bitcoin futures trading platform Bakkt got two insiders as the new leaders. In Japan, the police appear to be close to a breakthrough in the ongoing investigation of the biggest hack in crypto history – several men have became suspects as possible hackers of the Coincheck crypto exchange in January 2018. Meanwhile, Chinese regulators warn that crypto crackdown is still effective.

Japanese e-commerce giant Rakuten said it will allow customers to exchange their loyalty points for three leading cryptocurrencies. And while Vision Hill offered a framework for crypto investing in 2020, Tron came out with a new game that wants you to play with it so it could keep existing, though some people found it a Ponzi. Finally, the week saw YouTube restricting or deleting some crypto-related videos, forcing them to hide, but then admitting its mistake, after which creators started coming back from self-exile.

Merry Christmas and New Crypto Year to all!

_________

Let’s take a look back at 2019.

Some in the Cryptoworld had an interesting start this year.

And some were disheartened, contemplating drastic measures.

Many decided some cleaning was in order.

We went deep into the self-sustaining economy we’ve been looking for. BTW, who’s on top of this?

And we fought against the Man.

There were many sweet experiences…that turned out to be bitter.

And some bizarre experiences as well.

While many stupid questions were asked indeed. Indeed.