This adventurous cryptoweek, Vitalik Buterin said Tether is Bitcoin’s ticking time bomb demon, some Ethereum miners are preparing for “a show of force” against EIP-1559, and analysts said ETH miners don’t cause price volatility. Also, XRP jumped as Ripple said its partnership with MoneyGram ended for now, Coinbase is said to be valued at USD 90bn in a private auction, PayPal agreed to acquire Curv, and Meitu made a USD 40m investment in BTC and ETH. While BlackRock says gold bit the dust, an SBI Group subsidiary is reportedly targeting crypto-related business expansion, and JPMorgan Chase wants to offer its clients access to the crypto market, but some don’t see it as very crypto-related. Also, Binance is reportedly being investigated by the US Commodity Futures Trading Commission.
Then, Shinhan and LG CNS unveiled their joint pilot platform for CBDC, Indian crypto players said they want a bigger role in shaping regulation as a crypto ban seems less likely, 500.com plans to rename itself to BIT Mining, and miners are returning to South Korea where crypto in the portfolio is “a must” for people in their 20s-30s. The Japanese courts jailed a man for crypto tax evasion, Taiwanese prosecutors are investigating the possibility that Bitmain “poached” AI engineers, and SEC said Ripple attempted to “divert the court’s attention” with invalid fair notice defense claims.
In the NFT realm, Swaps and NFTs are accelerating MetaMask’s growth, Justin Sun and Sina Estavi made bids to buy Jack Dorsey’s first-ever tweet as NFT, Gronk launched his own NFT collection, and eBay listings for NBA Top Shots began appearing as holders look to profit from the interest in NFTs. Meanwhile, multiple high profile crypto Twitter accounts were suspended and users suspected it’s NFT-related, and Justin Sun lost a chance to acquire an NFT for USD 70m.
Let’s laugh at some jokes now.
Heeeey, CT! Tell me something I don’t know.
— 1e9petrichor (@1e9petrichor) March 10, 2021
Satoshi would then be…? https://t.co/ByYZ7eRO0z
— Bryce Weiner (@BryceWeiner) March 11, 2021
‘And he sayethed ‘goddammit!”
When you buy some bitcoin and the next day its lower in price pic.twitter.com/N2KhDux5Fw
— yTedd (@TeddyCleps) March 5, 2021
They’re willing to pay big money to get some.
A couple of years in…
BATTLE HARDENED BITCOINERS BE LIKE pic.twitter.com/Ck7bXetRqR
— Jameson Lopp (@lopp) March 5, 2021
A short story.
“What does your dad do?”
“He’s an artist”
“WOW! Can I come visit the Capital?”
“Oh we live in city 77, not the Capital”
“But you said he’s an artist?”
“Yeah but in 2021 he thought NFTs were killing the planet ecologically and focused on his paintings instead”
“I’m so sorry”
— ∞ CO฿IE (@CryptoCobain) March 9, 2021
‘You just have to give it a push with a proper pull.’
— The Jiho (@Jihoz_Axie) August 24, 2019
Who gets the tweets?
2045: My future wife and I are getting divorced pic.twitter.com/481bfhCfZg
— ₿ill SPACman 📈 (@BillSPACman) March 9, 2021
Jack tweeted about it, now he’s selling the tweet, and Justin wants to pay millions for it.
The year is 2022, the US Treasury minted this NFT and sold it to the Federal Reserve for $20 Trillion dollars to fund the government & do a limited run UBI drop.
The European Central Bank is backing the Euro with beeples.
Welcome to Modern Monetary Theory. pic.twitter.com/EjqE5lz9z8
— Brad Mills ✍️🔑 (@bradmillscan) March 11, 2021
It writes itself!
Marketing would be great just think
“Let your girlfriend know she’s out of this world… give her a star this holiday season.”
— Jill Carlson (@jillruthcarlson) March 11, 2021
Okay, guys time to discuss the effects of all these NFTs on our ecosystem. No, not the crypto ecosystem.
・ * ゜ ・ ゜ * ・. * ・. * … ・ ° *.゜ nft-led high-level crisis ゜ *. .. ・. ・ ゜. ° *. ¡* ・. pic.twitter.com/9O4sO3Cqp9
— Gurgle Translate (@gurgletranslate) March 10, 2021
Look at what people are doing just to mint an NFT.
I just exploded an oil tanker and leaked 20,000 barrels of oil into the caspian sea in order to mint an NFT which is a certificate of authenticity for the environmental damage I caused by minting the NFT.
— Dogestradamus🐶芝シ犬 中本🐕 (@sabotagebeats) March 9, 2021
And they’re not even hiding their disregard – nay, disdain! – for the environment.
Just minted an NFT while smoking cigarettes and throwing plastic bags out the window of my Hummer I just crashed into an oil pipeline fuck the environment
— CryptoCharles (@CryptoCharles__) March 9, 2021
Here’s the results of a recent research on Bitcoin energy consumption.
New research pic.twitter.com/qmyRabrJpX
— Crypto_Ed_NL (@Crypto_Ed_NL) March 9, 2021
In short: ouch.
trying to adjust my 17 alt positions during a dip https://t.co/yU2xwqYZfA pic.twitter.com/rt7X6w2hw9
— The Crypto Dog📈 (@TheCryptoDog) March 9, 2021
Same. Started sweating here.
A friend just posted this and I had a mini panic attack thinking they posted their seed phrase. pic.twitter.com/3LMJNAAB6D
— Rob Hamilton (@Rob1Ham) March 9, 2021
With all the feelz!
how I enter the room when someone is asking me to explain blockchain and cryptocurrencies pic.twitter.com/o4RxtUQ116
— yTedd (@TeddyCleps) March 8, 2021
Meanwhile, over at MicroStrategy…
Saylor bought the dip pic.twitter.com/3QNyhCxMhA
— CryptoChimp (@Cryptanzee) March 5, 2021
And lastly, here’s your next hobby.
Who wants to join my band? #hodl #btc pic.twitter.com/o9H7ih6bH5
— Mike Novogratz (@novogratz) March 10, 2021