Bitcoin is dead! Bitcoin is dead!

Week in review With Jason Dean

Bitcoin is dead!

It’s not true, but that’s what media want you to believe. Negative coverage is everywhere. There is an interesting side to this story.

Check out the official Bitcoin Obituary at 99Bitcoins.com(Collection negative media articles confidently declaring end to global assets) 2017 was the year with the most announcements, coinciding with ICO and frantic markets. That year, the death of bitcoin was announced 124 times — more than twice a week.

This year, however, it happened only 27 times, though under much stricter conditions. How can that be explained?

The negative press focuses mainly on the ramifications FTX/3AC/Celsius etc, rather than Bitcoin itself.

Either journalists are beginning to correctly separate crypto and bitcoin categories, or there aren’t enough columns to cover both. It would be nice to believe it’s the former and make progress, but I doubt it.

The chaos that the industry is currently in reminds of the early days on the internet. This was the theme of what I said in my opening remarks at City AM London’s second conference two weeks ago. It’s a Now on YouTubeDue to the late start to the day, the timer will need to be moved to 22:50 in order to check it out. I’d love to know if you have any memories of the internet scams I mentioned.

However, my favorite “anti-Bitcoin” account this week is GreepeaceUSA who was paid a multi-million dollar push by Ripple’s Chris Larsen to put pressure on Bitcoin’s Proof-of-Work (PoW) consensus with the ultimate goal of turning it into a Proof-of-Stake (PoS) coin. ). You probably already know this, XRP.

Uncertainty about Proof-of Work and why it is necessary to provide truly decentralized money is common. But Greenpeace’s most recent claims are borderline absurd. Every tweet they send is rated completely by sarcasm, corrections, and sarcasm. Check out this week’s effort The main account is hereAnother attempt at the sub “change the code”, which quickly failed The account is here.

Ironically, this is something we discussed at length during our local Bitcoin meeting. Volunteer PubWe chose Theale last night because they have just joined the long line of retail outlets that accept Bitcoin via Lightning Network via Bridgetobitcoin. Let’s just say our collective view on Greenpeace has reached rock bottom, no matter how shaky.

While Brazil approved BitcoinAs a legal payment method, being the first country to move towards the Bitcoin standard. Others will follow.

This irony is because bitcoin is now dead.

Apparently.

Have a nice weekend!

Dinar

Learn more about the current global financial system, including how Bitcoin fits in. Come to the next free webinar on December 14th at 6pm to find out, ask any questions, and get some free bitcoin*. Click here to register.

Yesterday, Crypto AM Daily was partnered with Luno

In the markets

Bitcoin economy

* Data can be found at https://terminal.bytetree.com/

The total market capitalization of all cryptocurrencies

At the time this article was written, the total market value for cryptocurrency is currently 858.141 billion dollars.

What did bitcoin do yesterday?

Yesterday, 8th December 2022, we closed at a price $17,233.Yesterday was the highest day of the week. $17,267The daily decline $16,788.

Bitcoin market value

At the time this article was written, Bitcoin’s current market value is 331.01 billion dollars.It is worth noting that the market capitalization for gold is $11.91 trillion, and that of Tesla is $539.57 Billion.

Bitcoin size

It was the total spot trading volume that all exchanges reported over the past 24 hour. $20.864 Billion.Large volumes can indicate that strong support is available for a price action and that it is likely to continue.

Volatility

Volatility in Bitcoin prices over the past 30 Days 26.3%.

Index of fear & greed

Today’s market sentiment 26in fear.

Bitcoin market dominance

Bitcoin market dominance today 40.65. Her lowest ever recorded dominance on January 1, 2018 was 37.09.

Relative Strength Index, (RSI).

The daily RSI currently stands at 46.36. Values ​​of 70 or higher indicate that the asset has become overbought and may be poised for a trend reversal or a price correction – an RSI reading of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Today’s Top

All fiat currencies can be transacted via the Bitcoin network. Fiat bitcoins: This is the right way to do it, and it will continue to be.

Lightning Labs CEO and Founder Elizabeth Stark

They said it yesterday

Bitcoin Miracles…

From Bitcoin Beach, to Bitcoin Mountain…

It was a pleasure to have Chew from Cameroon meet me.

Students in Buea can learn Bitcoin education. Buea is a city located on the slopes Mount Cameroonian volcano. It has seen a lot of violence and conflict.

The initiative and the community is called “Bitcoin Mountain” ⛰ 👏 🇨🇲 pic.twitter.com/7enOYkqtGM

– Alex Gladstein 🌋 ⚡ (@gladstein) December 8, 2022

Fear: False Evidence looks Real…

Would you like help spread Bitcoin adoption in the UK, education and even to earn Sats while doing it? Now you can!

The Bitcoin pioneersThe community, which is supported by Barry Silbert’s cryptocurrency group, was created to introduce Bitcoin in a meaningful way to a broad audience. Now, members can be found all across the UK.

We share tips, stories, and ideas about how to encourage others who are interested in trying Bitcoin for the first. And thanks to Luno’s support, every Pioneer gets £500 in Bitcoin per month to share with newbies, helping them get started.

If you are passionate about Bitcoin, why don’t you join us today? click hereTo learn more!

We welcome your comments on Crypto AM Daily. Subscribing via email to Luno will allow you to leave us your feedback James.Bowater@cityam.com 🙏🏻

Crypto AM: Editor’s Choices

Sam Bankman-Fried: A tapestry filled with lies and fake tears?

Three out of four wealth managers plan to increase their exposure to cryptocurrency

Crypto.com has been granted a FCA license to allow it to operate in the United Kingdom

Q&A with Duncan Coutts (Principal Technical Architect at IO Global).

Jimmy Bartlett – On the Trail of the Lost Cryptoqueen

Members of Parliament remain silent about the potential impact of cryptocurrency

Erica “Crypto Wars” is awarded top honors at Business Book Awards

Let People Invest: Matt Hancock Defends Liberal Crypto Rules

Explanation: The treasury sells on stablecoins

Matt Hancock believes that the fears of using encryption to bypass sanctions are’misplaced.

Cryptocurrency Fundraising Behind Ukraine’s Military Effort

Crypto AM Features

Crypto AM: The Founders Series

Crypto AM: Voices of the Industry

Crypto AM: Contributors

Conversation with James Potter about Crypto AM

Crypto AM: Tomorrow’s Money with Gavin S Brown

Crypto AM: Mashup with Dr. Chris Katcher in the Metaverse

Crypto AM: Alex Lightman gives insights into the Future, Past and Present of Crypto AM

Crypto AM: Tiptoeing Through Crypto With Monty Munford

Crypto AM: Taking Bytes of Digital Assets With Johnny Fry

Encryption of the platform

Events in Crypto AM

For those of us who missed the Online Crypto AM DeFi & Digital Inclusion Summit 2020, you can now watch it in two parts via YouTube

part One

https://www.youtube.com/watch?v=dvqNMNZTIDE

The second part

https://www.youtube.com/watch?v=WXhX_-Tr5j0

Cautionary Notes

It’s tempting to get caught in the excitement. But please be careful: Do your research, invest only what is within your means, and make smart decisions. This article should help you in this endeavor. Keep in mind, This article is intended to be informational only and does not constitute investment advice, recommendation or advocacy. City AM, Crypto AM, Luno all recommend that you get independent financial advice before trading or investing in cryptocurrency.

All information correct as of 08:00 GMT