In the world’s No 1 crypto news, in what might be an uneventful December price-wise, as more macro investors are buying into the bitcoin story, and bitcoin’s current cycle seems to be “right on track” with “striking similarities” to the previous one, one of the most anticipated upgrades, Taproot, may be coming in 2021, and Adam Back said it’s time to say sayonara to satoshis. While Morgan Stanley exec finds that bitcoin is coming for the USD, Ray Dalio may have told us that buying bitcoin to diversify our portfolios is a good idea. Paris Blockchain Week Summit panels participants argued that crypto can disrupt the legacy finance and add another layer on top of it, while crypto and blockchain adoption depends on security, trust, and user experience. Meanwhile, Apple co-founder Steve Wozniak’s week-old token WOZX token doubled in a single day, while Ripple-backed Flare Network prepared for the Spark token airdrop to XRP holders.
Also, banking giant DBS confirmed it’ll be launching a crypto exchange, SIX and its partners aim to launch a new service that would enable Swiss banks to offer access to digital assets, and MicroStrategy wants to buy more bitcoin, thus increasing the value of its BTC stash to over USD 1bn. That’s not all, as Blockstack token’s transformation to non-securities would be ‘unprecedented’, said Kraken CLO, and an MP from the ruling party said the clampdown on crypto would keep France in the Palaeolithic era of banking. Meanwhile, Facebook can’t catch a break, as the renaming of its Libra to Diem resulted in a fintech firm of the same name preparing legal action. While Jeremy Allaire claims that the incoming Joe Biden administration in the US “will ultimately be supportive” of cryptoassets, Venezuela reportedly started to pay companies in Turkey and Iran in bitcoin. As all this was happening, the Cryptoverse was warning hodlers to be careful of fake Ledger desktop apps.
And now, for the best part of the week: the jokes!
As every Saturday, good morning Crypto Twitter! What’ve you been up to?
CT trader introducing his new fancy indicator to the market pic.twitter.com/271zayeBIU
— The Crypto Monk ⛩️ (@thecryptomonk) December 8, 2020
This is no joke, people! Take these memes seriously.
Instant heart palpitations.
You’re either one or the other.
— ₿itcoin⚡️₿addie (@_bitcoinbaddie) December 9, 2020
What do we do with our hands now? What’s the use of my phone?
Sad that this is the last Bitcoin bullrun ever. After this is over we will need new things to do; new friends. How will we pass the time? The dollar no longer exists and the world economy operates on Bitcoin, we made it, but we lost our hobby too 🙁
— KING CO฿IE (@CryptoCobain) November 30, 2020
If it drops, we gotta pass the time somehow until it’s up again.
This is what i do to pass the time when bitcoin dumps
— smilinglllama (@smilinglllama) December 8, 2020
“Coooooming! I’m here, yeah, BTC, me too, what did you say, where bitcoin?!”
— Hailey Lennon (@HaileyLennonBTC) December 8, 2020
‘…and when taproot comes– Are you listening?’
— The Crypto Dog📈 (@TheCryptoDog) December 3, 2020
Not a joke.
The US dollar is currently worth 5,203 sats. 10 yrs ago it was worth 418,760,469 sats. It’s pretty clear which one… https://t.co/7SW1KDZCjY
Yes, you/they/we can!
Actual image of no-coiners when first informed about the process of mining bitcoins (2010, colorized) https://t.co/2lSoZMYqDG
A rapple per day, keeps the SEC away.
But bro what about their merger with Apple? I heard that Rapple will change the world. pic.twitter.com/8cU0eJTblM
— Riccardo Spagni (@fluffypony) December 10, 2020
Wait . . . As I was saying…
It’s good that we’re all on Twitter.
They’re working on a draft of a draft of a proposal as we speak.
I opened my self hosted wallet and found this $20. Quick someone call the regulator! pic.twitter.com/jB66BHr0MS
— Stephan Livera (@stephanlivera) December 10, 2020
Speaking of regulations… Sir, you may fornicate away!
My keys! My Bitcoin!
Fuck around and find out! pic.twitter.com/xwCEp7mwRA
— ℂℍℝℝℂ.ℍ (@CHAIRFORCE_HODL) December 10, 2020
When the universes of Crypto and Conspiracy clash.
— Eric Wall 🟩 (@ercwl) November 27, 2020
Trading is not for everyone.
Calculate them chances.
When you fomo buy resistance and it pumps pic.twitter.com/8LmrajagNn
— yTedd (@TeddyCleps) December 6, 2020
Voila! Your crypto film for this weekend.
#Bitcoin vs. Central banks
— Bruce Fenton (@brucefenton) December 7, 2020
Voila! Your crypto anthem for this weekend.