Weekly Blockchain News with Mammycrypto June 18th 2022
The world of Finance, in general, has been a complete mess for the past few weeks. Last week I attended Consensus 2022. The technology and inovation of the event kept me distracted, and I did not get a chance to check the market prices. By the time I arrived home, I came to the realization that the crypto markets had dropped even more, and that some of my funds were now stuck at Celsius too. Darn it!
I guess it was time to learn another lesson. Luckily I understood the risks when I joined the platform and was super conservative because I knew I did not have custody of the cryptos once loaded into the platform, so I am okay with my loss but still hoping to recover it. Companies that are profitable during a bull run can easily get squeezed during a bear market so for the “hodlers” out there it is time to consolidate and take custody of your crypto portfolio. We all know the market will eventually shift, and we shall see another bull run in the future so my moto now is back to stacking sats.
In addition to Celsius pausing its withdrawals, this week we saw several other issues contributing to the FUD. Let’s take a look at the most relevant headlines for this week and hope that we see a change in sentiment soon. On another note, as I attended Consensus I noticed there, that the most interesting and successful people in this space focus on the tech and not the market price. There is a lot being built-in this space, and I can tell that the next wave of innovation will come strong. I spoke with a lot of people who are ready to take Bitcoin and blockchain technology to new leaps and are certain that the next wave is certainly “Hyper Bitcoinization”. I guess we must wait to see what happens.
Sunday June 12th, 2022: Central authorities have demonized privacy — Crypto projects must fight back — https://cointelegraph.com/news/central-authorities-have-demonized-privacy-crypto-projects-must-fight-back
Monday June 13th, 2022: Bitcoin slide leads to unrealized losses for prominent holders — https://www.theblock.co/linked/151591/bitcoin-slide-leads-to-unrealized-losses-for-prominent-holders
Tuesday June 14th, 2022: We Bought More Bitcoin and Ethereum During the Crash, Says Anthony Scaramucci — https://cryptopotato.com/we-bought-more-bitcoin-and-ethereum-during-the-crash-says-anthony-scaramucci/
Wednesday June 15th 2022: Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Gains — https://www.coindesk.com/markets/2022/06/15/fed-announces-biggest-interest-rate-hike-in-28-years-bitcoin-falls/
Thursday June 16th 2022: Panama’s President Vetoes Law That Would Have Regulated Bitcoin, Legalized DAOs — https://decrypt.co/103126/panama-president-vetoes-crypto-law-bitcoin-daos
Friday June 17th 2022: Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency — https://cointelegraph.com/news/crypto-biz-crypto-carnage-pushes-celsius-three-arrows-capital-closer-to-insolvency-june-9-16
Saturday Jun 18th 2022: Enjoy your Saturday.
All my best
Social Media links: https://cointr.ee/mammycrypto