Fidelity is in the news for releasing a paper supporting bitcoin. Fidelity: Bitcoin a superior form of money. Stating that Bitcoin was first just an idea that set out to solve the problem of creating a truly peer-to-peer electronic cash system. This idea was put into practice by writing code. Therefore, Bitcoin is just code and Bitcoin the network is made up of millions of computers all running this identical Bitcoin software. No one person, corporation, or government owns or controls the Bitcoin network or the rules that govern the network.
Wonderland shutting down after a governance voted 55% to 45% to keep the project alive. The founders said because the vote was too close to 50% they are deciding to shut down the project because of the split support from the community. Wonderland has seen a 90% drop in their TIME token based on the avalanche network. Even though the voting was close based on the amount of TIME used to vote. The number of different wallets that voted no was far more than the whales that voted yes.
India is deciding to tax all of crypto with a blanket tax of 30% for any type of transaction. With the digital Rupee supposedly to be launched this year or next year at the latest. 2.5b was stolen from Bitfinex back in 2016. Some of the stolen crypto moved wallets over the weekend, The BTC cannot be sold, but it can be used to move the market.
The Gentlemen of Crypto is a daily live cryptocurrency podcast that broadcasts on YouTube. Isaiah Jackson and King Bless provide cryptocurrency analysis across a variety of blockchain news stories.
February 1, 2022: Top cryptocurrency gains / losses: 50
- ETH (+6.18%)
- ADA (+3.64%)
- SOL (+14.5%)
Fidelity: Bitcoin a superior form of money: 2:08
- Wants BTC to be treated separately from the rest of the digital assets.
- Released a paper called “bitcoin first” . Which is saying Bitcoin is better than other cryptocurrencies, and will most likely remain in the top spot.
Indian government announces plans for digital rupee and 30% crypto tax: 9:46
- Central bank digital currency (CBDC) by 2022-23
- 30% crypto tax that targets all transfers of virtual digital assets.
2.5b in stolen BTC from Bitfinex moved: 18:43
- Receiving wallet address now holds more than 90,000 Bitcoin worth about $3.6 billion.
- hackers can’t sell, but they can move the coins to “manipulate the market.”
Wonderland shutting down going thru internal issues: 25:28
- Co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve currency experiment is coming to an end. He added that the divided community “means that we failed.”
- “The duty of the Team is to enact the will of the token holders. As the vote is so close to 50/50 there is only one path forward, it is to reimburse/unwind.”
Another solo bitcoin miner solves valid block: 29:19
- 4th in 2022
- $240,000 reward, or 6.25 BTC, was generated by yet another solo miner
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