This eventful week in crypto, ethereum reached a new all-time high, insiders shared a number of bullish signs for BTC, dogecoin dumped, then pumped again, tron dumped, then XRP doubled and dumped, while Ripple gave its preliminary legal response to the SEC and SBI’s crypto exchange started offering XRP lending, but XRP pumpers still hoped for more action to come, as Cardano’s Hoskinson warned about pump & dump dangers. A LTC MimbleWimble developer said the initial code will be completed in March, Elon Musk said BTC is on the verge of getting a broad acceptance by the “conventional finance people”, Mark Cuban said that “blockchain-driven assets have now legitimately become stores of value”, and two economists said that CBDCs could ‘flop’ if they aren’t designed as stores of value. Meanwhile, Grayscale ETH inflows surpassed BTC inflows.
Furthermore, Colombian banks are set to work with crypto exchanges on a year-long crypto transactions pilot, India’s budgets session started, but so far there seems to be no word on the much-discussed crypto ban, and Ukraine wants to bolster its budget with nuclear-powered crypto mining. Visa sent yet another clear message to the crypto world, Binance quietly launched Binance Pay, Gemini announced a new product, Gemini Earn, an NFT was sold for USD 129,870 profit, and as one J-pop chart-topper released a batch of NFT digital trading cards, another one commented on crypto on a major broadcasting network. MicroStrategy hosted over 1,400 firms at their Bitcoin for Corporations event, and Deloitte released a guide for corporations looking to invest in BTC, while Cyworld is set to return with a new token.
Now check what kind of BTC sea creature you are, and go enjoy your crypto jokes.
Heeey, CT! What are you doing?
— Bit Harington (@bitharington) February 1, 2021
How did the week go?
— Squeeze (@cryptoSqueeze) February 2, 2021
Another thing that marked the week.
WSB member getting baited into the next pump and dump pic.twitter.com/su1ZbEZMuf
— The Crypto Monk ⛩️ (@thecryptomonk) February 1, 2021
Meanwhile, Elon Musk this crypto week.
Before switching to DOGE again.
DOGE across generations.
Dogecoin from a veteran from r/CryptoCurrency
The grandchildren in question. Apparently no reason to worry.
buy or sell signal? pic.twitter.com/Kj1jJG3tPz
— cold 🥑 (@coldhealing) February 1, 2021
On the other hand…
The year is 2028. Dogecoin is the national currency. After Chamathifornia declares independence, other VCs establish themselves as feudal warlords in 14 states. The federal government is now written in Solidity and the effective income tax rate is negative 12%.
— Preston Byrne (@prestonjbyrne) January 26, 2021
A wining strategy it seems.
👏 👏 👏 👏
Michael Saylor entering the BTC seminar today like…. from r/Bitcoin
Where did it go?
— Panama Crypto (@Panama_TJ) January 29, 2021
A short lecture on respecting the pump.
RESPECT THE PUMP pic.twitter.com/FtOGHCmuH8
— CryptoChimp (@Cryptanzee) January 29, 2021
A friendly Redditor fixed it.
Fixed it for you. @ CNBC from r/Bitcoin
A prediction with an accompanying analysis.
— Seann.eth 🦄🐬🏴 (@DoubleNSC) February 3, 2021
twitter is the reason crypto will never be taken seriously. people simply spam unoriginal comments and spout dead memes and it really hinders the experience for speculators and professional traders such as myself.
twitter is the reason crypto will never be taken seriously. people simply spam unoriginal comments and spout dead memes and it really hinders the experience for speculators and professional traders such as myself. https://t.co/OBYu4zSGwL
— Alex Wice (@AWice) February 2, 2021
— Will Reeves (@wlrvs) February 2, 2021
A pretty good crypto dad joke.
BTC will defeat Superman from r/CryptoCurrency
This is your official DOGE anthem for the weekend.
Here’s a history documentary based on ongoing contemporary events.
And a crypto movie about a man who invested in a coin and then didn’t have to worry about money no more.
it’s still early days from r/Bitcoin