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Web3 Rushes To Florida's Capitol | Biden Slams Crypto

Web3 Rushes To Florida's Capitol | Biden Slams Crypto

February 02, 2023

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FBBA Special Notice

Web3 Day At The Capitol May 2nd 2023

The Florida Blockchain Business Association will be hosting its Third Annual Blockchain Day at the Capitol on May 2nd, 2023 in Tallahassee. Stay tuned as more information will be presented in coming news letters. If you are interested in attending please click here and type "Blockchain Day At The Capitol" in the message. This event is limited.

Biden Calls On Congress to "Step Up Crypto Regulation Efforts"

In their statement, the four officials said the Biden administration itself would be unveiling “priorities for digital assets research development, which will help the technologies powering cryptocurrencies protect consumers by default” in “the coming months.”

Celsius Propped Up Its Token To Help Insides Only, Not Costumers

Celsius gathered crypto deposits from retail customers and invested them in the equivalent of the wholesale crypto market. It raised some of the initial capital to fund its business by creating and selling its own crypto token, called "CEL".

FBBA Featured Member

HeightZero Announces First State Approved Tokenization Real Estate Course - Florida Blockchain Business Association

Laura Pamatian, founder of Height Zero a expert advisory firm for blockchain and AI application in Real Estate and Development, has partnered with Joshua

https://www.fbba.io/heightzero-announces-first-state-approved-tokenization-real-estate-course/

In The Know

Crypto Braced For A $250 Billion Bitcoin And Ethereum Price Earthquake

Bitcoin, ethereum and other major cryptocurrencies have rocketed higher in the first month of 2023, adding $250 billion to the combined crypto market...

https://www.forbes.com/sites/billybambrough/2023/01/31/crypto-braced-for-a-250-billion-bitcoin-and-ethereum-price-earthquake/?sh=5f424752541e

Elon Musk is trying to build a Twitter payments system --- and crypto may be part of it: report

Twitter is reportedly advancing its efforts to introduce payments across the social media platform. In Elon Musk's vision, crypto may be part of it.

https://www.marketwatch.com/story/elon-musk-is-trying-to-build-a-twitter-payments-system-and-crypto-may-be-part-of-it-report-11675109065

2023's crypto characters to watch

https://www.politico.com/newsletters/digital-future-daily/2023/01/30/2023-crypto-characters-to-watch-00080232

Crypto meltdown sparks legal battle over assets

The court clashes vindicate skeptics like Sen. Elizabeth Warren and SEC Chair Gary Gensler, who warned that small investors were vulnerable.

https://www.politico.com/news/2023/01/31/crypto-collapse-ftx-abuse-regulations-sec-00077710

Fed Preview: Powell to Trigger 'Healthy Pullback' in Bitcoin, Experts Say

Financial conditions have loosened to a point where the Fed chairman may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.

https://www.coindesk.com/markets/2023/01/31/fed-preview-powell-to-trigger-healthy-pullback-in-bitcoin-experts-say/

Cryptoverse: Big investors edge back to bitcoin

Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin.

https://www.reuters.com/technology/cryptoverse-big-investors-edge-back-bitcoin-2023-01-31/

Analytical Data

Crypto YTD Performance

💰 Bitcoin network has settled $339 billion of BTC in the first three weeks of 2023

Billionaire Barry Sternlicht: "This year, the government will have to pay 4.5% interest on its debt (as opposed to 0.1%-2%), that means an interest expense of over $1 trillion!

Nigeria's Bitcoin market skyrockets with a 63% premium ($37,869). This demand comes just weeks after the Central Bank's cash withdrawal restrictions. The country now leads the world in "Buy Bitcoin" searches.

German banking giant DekaBank to offer 💰 Bitcoin and crypto to 1.5m retail customers and +500 institutional clients. DekaBank manages $428 Billion in assets.

🥇 Bitcoin market cap surpasses GDP of Iran.

Events

Click here for events & meetups in February 2023

Crypto News Heard Around the State

Tampa News

Dear Penny: My boyfriend’s debt and crypto loss cost me $48K. Can I trust him?

I’d ask him to sign a promissory note for your own peace of mind.

https://www.tampabay.com/news/business/2023/01/13/dear-penny-my-boyfriends-debt-crypto-loss-cost-me-48k-can-i-trust-him/

FTX bankruptcy docs show Tom Brady held over 1 million shares in the crypto exchange

Tom Brady could lose out on millions following FTX’s collapse.

https://www.theverge.com/2023/1/11/23549926/ftx-bankruptcy-tom-brady-gisele-bundchen

Orlando News

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.

https://www.clickorlando.com/business/2023/01/24/crypto-firms-acted-like-banks-then-collapsed-like-dominoes/

Miami News

Feds arrest Russian crypto operator on suspicion of criminal activities

US authorities arrested a Russian cryptocurrency executive who allegedly oversaw the exchange of hundreds of millions of dollars with drug traffickers and cybercriminals.

https://www.cbsnews.com/tampa/news/feds-arrest-russian-crypto-operator-on-suspicion-of-criminal-activities/

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Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.