The week behind us had many news and quite a few firsts for us. ETH saw a wave of buying, leaving BTC in the dust, while BTC’s mining difficulty was set to increase – which indeed it did, and BCH had its first halving, with miners seen changing camps ahead of it. Meanwhile, BSV rallied ahead of its own first halving, while opinions still remain largely divided on how BTC’s halving will affect its price. Ray Dalio thrashed cash as store of value, but avoided Bitcoin questions, and cryptos are property and owned by account holders, said the judge in the Cryptopia case.
Let’s continue into the regulation land, aka ‘reguland’. FSB brought fourth an assessment report on cross-border payments, and BIS said that coronavirus transmission could hasten the push towards CBDCs, while the Bank of Korea is already “one step closer” to launching a pilot for a CBDC, but dismayed blockchain startups are excluded from the country’s tax support plan. Japan green-lighted two new legal crypto exchange-specific amendments to existing financial acts, and a lawmaker challenged the government on its crypto tax rate policy. Some of the biggest names in the crypto industry were included in a series of lawsuits, while illegal ‘crypto exchange’ operator was arrested in the Nth Room investigation. And while Mexican fintech firms have to wait longer for licenses because of the coronavirus, good news came from Italy as the Bitcoin-funded coronavirus medical center became operational.
And with that, let’s move on to the jokes. Enjoy!
Kill Bitcoin, war folks thought….
China finds out coronavirus can’t kill bitcoin pic.twitter.com/AeyX8CpnHj
— Cryptochimp (@Cryptanzee) April 7, 2020
— WhalePanda (@WhalePanda) April 2, 2020
Where them bulls at, calling them like…pic.twitter.com/OyZC5BG7Ac
— Panama Crypto (@Panama_TJ) April 6, 2020
It’s a very mad world.
I mean, it’s just such a drastic change.
No worries. In our world, things just bounce back.
Here’s some insider information to help you out.
I am in possession of inside information shared with me by crypto/VC Twitter that we are heading towards the worst financial crisis in US history.
Re-sharing here as I don’t think it’s fair that public equity markets don’t have access to the same information.
— Mike Alfred (@mikealfred) April 8, 2020
And here’s a detailed analysis.
Solid analysis! https://t.co/KkISBVrLIS
— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) April 6, 2020
Look what an excellent reason to use crypto.
Can’t microwave Bitcoin 🤔 https://t.co/8OMZc5SPYn
— Rob “Crypto Bobby” Paone (@crypto_bobby) April 5, 2020
Here’s another. Just don’t go wasting it on cigars.
— ₿lackbearrrrrrrrrd (@crypto_blkbeard) March 30, 2020
And a third reason! We’re on a roll here, people.
— $CoinHound$ go Grrrrrrr / coin-hound.eth (@Tweets4tips) April 7, 2020
Remember to shout at your chart, as the majority says it’s the crypto way.
When you’re in a trade, do you talk to your chart?
— WhaleClub (@btcWhaleclub) March 24, 2020
This guy knows what’s right. You can’t have it both ways.
Correction: can’t have it both ways, unless you’re (in) crypto.
Corporate normie partner: “so are the Bitcoins up or down tonight?”
— ₿rian⚡️Lockhart (@BrianLockhart) April 8, 2020
Very much so!
And thanks to the up-and-down, you get to reuse memes and be happy all over again about the same thing.
Best part about this price level is we don’t have to make new memes pic.twitter.com/eIFQw3zeS4
— I am Nomad (@IamNomad) April 8, 2020
Wait, I know this one. Kick oneself? Cry?
Slap yourself? pic.twitter.com/cF50KF6Gbf
— MisterCh0c (@eatmych0c) April 5, 2020
Gotta take this seriously, CZ! Even Monika made a huge investment.
So very truf!
— East Bay (@EastBaye) April 8, 2020
And lastly, here’s our weekend movie recommendation.