BTC Downturn, ETH Scaling, Coinbase Listing and 20 Crypto Jokes

Welcome! Let’s do a short recap of what happened in the crypto week behind us. Coin Metrics said there’s little reason to believe that Bitcoin miners are responsible for downturns in BTC’s price, Kraken’s CEO Jesse Powell said that “extreme” ethereum selling caused Monday’s flash crash to USD 700, and almost USD 4bn in trading positions was liquidated in 24 hours, followed by another USD 1bn liquidated in one hour as a selloff in the crypto market intensified. Meanwhile, analysts said the vast majority of Ethereum miners are unlikely to protest EIP-1559, while it was said that Ethereum scaling is coming in March. Bitfinex and Tether reached a settlement of legal proceedings with the New York AOG , South Korean Gyeonggi Province announced an “intense” crackdown on crypto-flavored MLMs. Meanwhile, Craig Wright sent his lawyers against Bitcoin devs, and bitcoiners decided to strike back.

Furthermore, the central Bank of Japan is set to launch a pilot for a digital yen this spring, Coinbase aims for USD 1bn direct listing, Bill Gates distanced himself from bitcoin buying, but talked up a digital money or payments infrastructure, “more than 1 million customers” bought bitcoin “for the first time” on Cash App in January, and while Crypto.com is experiencing “accelerated growth,” expecting to reach the 100 million user mark by 2023, CRO doubled as Crypto.com said it will burn CRO 70bn in preparation for the CRO Chain Mainnet launch on March 25. Meanwhile, MoneyGram claimed its support for Ripple was still in place. We reported on the ways governments could attack Bitcoin and its owners, defeated Donald Trump-themed NFT sold for USD 6.6m, Japanese consumer watchdog warned people about sophisticated crypto scams that pry on love-hungry users via dating apps, and Chinese police warned about rising digital yuan-themed scams.

And now, your jokes. Enjoy!
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Heey, CT! How’s everything going?

it be like dat tho pic.twitter.com/jFqAOBmzJY
— Meltem Demirors (@Melt_Dem) February 23, 2021

Ethereum contemporary history for beginners.

Ethereum Defi = A New Hope
CeDeFi = The Empire Strikes Back
Optimism = Return of the Jedi
— ⟠ ETH is Fᕫnny ⟠ 🏴 (@EthFunny) February 25, 2021

Ethereum getting scaled.

pic.twitter.com/nIvCuzD72s
— Anthony Sassano | sassal.eth 🏴 (@sassal0x) February 23, 2021

Ethenet Rysen.

Yellen can’t let ETH enjoy the ATH pic.twitter.com/JS4ZUlsUt9
— Jon Geenty (@geenty) January 19, 2021

Very detailed.

I put together a comprehensive guide on when to buy from r/Bitcoin

Here you go, nocoiners and conspiracy theorists.

Yes pic.twitter.com/2TlVmFiomm
— [email protected] (@bennd77) February 24, 2021

So much liquidation going around, something’s bound to snap.

When you get liquidated for the last time
pic.twitter.com/14Z997jr45
— smilinglllama (@smilinglllama) February 23, 2021

Totally!

I remember when #Bitcoin had a trillion dollar market cap like it was yesterday.
— The Wolf Of All Streets (@scottmelker) February 23, 2021

“I see fake tether.”

Ok that’s pretty funny. 😂 https://t.co/0pvtCj14ca
— grubles (@notgrubles) February 23, 2021

Get that dip!

Don’t panic sell! The institutions want your bitcoin at a discount, stop giving it to them! from r/Bitcoin

OK, googling… Donors get like USD 1K-5K for their kidney on the black market though.

My next #Bitcoin book is called:
‘You can live with one kidney’
— Dennis Parker (@Xentagz) February 24, 2021

According to alleged analysts:

a great comparison of Ethereum and Binance Smart Chain, really puts things into perspective pic.twitter.com/McHNfI126s
— Matthew Graham (@mattysino) February 23, 2021

Schiffting.

Peter Schiff was in the local Springfield Newspaper from r/Bitcoin

Harder head required.

Exclusive footage of a bear trying to break through a buy wall. pic.twitter.com/nvLO1ndezh
— Alex Krüger (@krugermacro) February 21, 2021

Hey, look, it’s a bear.

https://t.co/nXs9C21EJW pic.twitter.com/0Z9TAXV5uU
— Loma (@LomahCrypto) February 23, 2021

Look at that doge go!

Dogecoin avoiding the broad sell-off. https://t.co/Z7hCMERWzt
— Mati Greenspan (tweets ≠ financial advice) (@MatiGreenspan) February 22, 2021

Here’s your crypto historical documentary.

The end of Tether FUD bears#Tether #Bitcoin pic.twitter.com/5CPZ0OdzSS
— CMS Intern (@cmsintern) February 23, 2021

A political thriller.

I’ve been getting asked for a shareable smaller size version of HODL ME BITCOIN for easy sharing on social sites.
Here ya go https://t.co/txqi7Z31KD
Thanks a ton for all the support! Fedora tip: @BriFitDance, @dionysus64, @stoolpresidente, and of course gigaStud @michael_saylor pic.twitter.com/VmKmmK5UVM
— L33T GUY (@l33tguy) February 22, 2021

And some crypto action.

NUMBER GO UP IS GREAT BUT DO NOT LOSE SIGHT OF THE REAL WAR BITCOINERS ARE FIGHTING pic.twitter.com/L2F3ZvNuhW
— Tim K (@BootstrapBandit) February 22, 2021

Till next week!