Lots of Soaring, Some Record Breaking, NFTing and 20 Crypto Jokes

Another fun crypto week is behind us. Let’s summarize what happened. Bitcoin hit another ATH, as inflation figures in the USA reached its highest level in 30 years and the value of paper money hit an all-time low against hard assets. Analysts said that the current bitcoin rally looks healthy and with less leverage than on previous occasions, altcoins eclipsed combined bitcoin and ethereum transaction volumes on Coinbase, DOGE surged then dropped following an update, the Ethereum Name Service governance token soared on the first day of trading, Ethereum competitor Kadena too was soaring on its DeFi and NFT gaming news. Bitcoin’s Taproot was set to finally be activated this week, as was an upgrade for Ethereum’s L2 scaling solution Optimism. Meanwhile, Robinhood claims it has some 1.6m people on the waitlist for their crypto wallet, Discord seems to be working on a link to Ethereum, and Twitter is launching Twitter Crypto. Also, sadly, an American entrepreneur was tortured by a gang trying to steal his bitcoin.

While 72% of game developers surveyed by Stratis said they’re interested in using blockchain and NFT’s, and AMC mulled launching its own cryptocurrency and partnering with Hollywood studios to release NFTs, Activate Consulting predicted that NFTs would become mainstream by 2022, as well as a positive market for altcoins in the year ahead. And while in South Korea the top financial regulator said NFTs are not cryptoassets, in the UK Christie’s sold a Beeple piece for USD 28.9m.

The Russian Ministry of Economic Development expressed a willingness to legalize BTC and crypto mining but the central bank said nope, while a major Swedish power company defended Bitcoin mining as regulators were proposing ban. In South Korea, the main presidential candidates said they were in favor of delaying or amending the crypto tax, the police revealed that the man who had attempted arson at the Upbit customer service center had made a disastrous cryptoasset investment, and Seoul will become the first local government there to launch a metaverse public service platform.

News time over, jokes time may commence!

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Heey, CT! What’s up?

Let’s check on the markets too. What’s up?

Source: cryptobuzz / Instagram

And here’s an analysis of BTC performance in relation to gold.

And this is how the mainstream media sees BTC performance.

That’s the face!

The 21 million number is all around us.

This one’s on the maxis’ expense.

Kidneys are capped.

For those still wondering what the difference is.