AI 🤝 Crypto

In today's edition: 🎙️ New episode of The Chopping Block!, 🤑 What's next for the markets?, 🧑‍⚖️ Coinbase and the U.S. Supreme Court, and more!

March 22, 2023

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On the Pod…

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, NEAR co-founder and former Google AI researcher Illia Polosukhin joins the show to discuss the intersection of crypto and machine learning.

📈 Where Is the Crypto Market Headed? 📉

Industry experts Jim Bianco, Meltem Demirors, Sandeep Nailwal, and Darius Tabatabai share their insights on the recent bullish momentum of Bitcoin and the future of the crypto market.

What’s Poppin’?

by Kollen Post

Caitlin Long’s Custodia got blocked by the Fed in its quest for a master account. Was this the start of Operation Choke Point 2.0?

by Samyuktha Sriram

Coinbase made its case to the U.S. Supreme Court on Tuesday as it attempts to move two class action lawsuits into arbitration.

Celsius custody customers have been approved to receive 72.5% of their crypto if they agree not to pursue further litigation against the firm.

Sushi DAO’s head chef Jared Grey proposed allocating $3 million worth of USDT to a legal defense fund for core contributors.

The Ronin hacker sent a questionable encrypted message to the Euler hacker on Tuesday, which many on-chain analysts believe is a phishing attempt.

📖 Learn With Unchained 🤓

Mining bitcoin? You'll need more than your old laptop. This article goes through the basic steps so you can get started.

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Daily Bits…✍️✍️✍️

  • Coinbase shares rose 12% following the announcement of its expansion to Brazil, offering a platform for crypto transactions in Brazilian reais and supporting withdrawals via the instant payment system Pix.

  • The White House's annual economic report to Congress criticizes digital assets for not delivering on their initial promises and highlights potential risks to consumers and the U.S. financial system.

  • Magic Eden, a leading NFT marketplace, now supports Bitcoin Ordinals, a protocol that allows users to create "Bitcoin NFTs" by imprinting media and text on the original blockchain.

  • Rep. French Hill urged Congress to regulate cryptocurrencies, warning that businesses may leave the U.S. if lawmakers don't act, and emphasizing that legislation should precede enforcement actions or regulatory guidance from agencies.

  • The IRS may preclude NFTs from IRAs, as it plans to issue guidance that could treat them as physical collectibles such as art or antiques, potentially affecting their taxation when swapped or sold on secondary markets.

  • Okcoin exchange suspended trading of NYCCoin and Miami CityCoin due to insufficient liquidity, despite previous support and benefits received by the respective cities.

Today in Crypto Adoption...

  • Sony filed a patent application for a standardized digital infrastructure allowing gamers to own and transfer NFT assets across various video game platforms, potentially including items like in-game skins, artwork, avatars and weapons.

The $$$ Corner…

  • CCP Games closed a $40 million seed round to develop a blockchain-based game within the Eve Universe, with investors including a16z, Makers Fund, Bitkraft, Kingsway Capital, Hashed, and Nexon.

  • Turnkey, founded by former Coinbase Custody executives, raised $7.5 million to offer flexible solutions for securing and managing private keys, backed by investors like Sequoia, Variant, and Coinbase.

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📈 Your Market Update 📉

  • BTC is up .5%, trading at $28,302

  • ETH is up 2.27%, trading at $1,802

  • BTC dominance: 45.97%

  • Crypto market cap: $1.19 trillion

*All data as of today, 6 am ET

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