This is the 16th episode of the Crypto Market update with Mark Magliocco, co-founder of SwapAcross (formerly known as X528 DAO) and Allen Wazny, host of the Calgary Business Podcast and Partner/CFO of Purpose Driven Travel in Calgary.
All discussions in this episode are for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services
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Yahoo Finance and Bitcoin trading charts.
As is customary, Mark opened the discussion by sharing his knowledge and understanding of reading the technical charts around the price of Bitcoin | https://finance.yahoo.com/chart/BTC-USD
We also highlighted the price of Bitcoin on 30 December between 2017 and 2023 courtesy of the team at CoinMarketCap:
30 December 2023: US $42,250
30 December 2022: US $16,547
30 December 2021: US $46,306
30 December 2020: US $29,002
30 December 2019: US $7,194
30 December 2018: US $3,743
30 December 2017: US $14,156
To track all historical prices of BTC and other crypto currencies, click on the link to the CoinMarketCap website: https://coinmarketcap.com
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2023 Year in Crypto
Mark referenced the 25 December 2023 article published by The Block titled “From SBF to Taylor Swift, BlackRock, CZ and Binance: The top crypto stories of 2023” with some notable takeaways:
USDC Stablecoin
The key issue related to the failure of Silicon Valley Bank and the exposure that the fintech giant, Circle, had to the bank resulting in massive sell-off of its stablecoin, USDC and a 15% drop in the coin’s market cap within a 24-hour period.
Taylor Swift and FTX
Unlike notable football hall of famer, Tom Brady, and NBA great, Shaquille O’Neal, Taylor Swift did not sign on to promote FTX. It seems that Swift-enomics kicked in and some due diligence was performed prior to the decision, unlike other celebrity influence
BlackRock and Bitcoin ETF
In June of 2023, BlackRock filed a registration with the SEC for its spot bitcoin ETF, known as the iShares Bitcoin Trust. Other notable investment firms, including Franklin Templeton, VanEck and Fidelity, are reportedly also seeking approval for a spot bitcoin ETF
Binance and Changpeng Zhao (“CZ”)
Binance and the US Department of Justice settled for $4.3 billion after the DOJ commenced a criminal investigation alleging money laundering and sanctions violations. As part of the plea deal, CZ agreed to step down as CEO of Binance and pay a $50 million fine after pleading guilty to violations of the Bank Secrecy Act.
Link to The Block article: https://www.theblock.co/post/265652/sbf-taylor-swift-blackrock-cz-binance-top-crypto-stories-2023
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Celsius bankruptcy
Celsius actually declared bankruptcy in July 2022 but continued to form part of the 2023 crypto narrative alongside other notable bankruptcies such as Three Arrows Capital and Genesis (founded by Barry Silbert).
We discussed the back story to Celsius and the founder of Celsius, Alex Mashinsky and a spring 2018 conference with Alex on stage with anti-crypto influencer, Nouriel Roubini (or “Dr. Doom” ) and Bill Barhydt (founder of Abra Global). Alex rebutted Nouriel’s claims of "99% of crypto land is one shitcoin traded for another shitcoin…"
Link to Yahoo Finance article of October 2018 titled “Ethereum Founder Vitalik Buterin Throws Shade at Bitcoin Bashing Economist” | http://tiny.cc/t7qnvz
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We invite listeners to join the SwapAcross Discord channel (formerly X528 DAO): https://discord.gg/fhsekcgJVT
Visit the SwapAcross website (formerly X528DAO) to learn more: https://www.x528.io
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#DecentralizedFinance #Decentralized #Autonomous #Organizations #DigitalAssets #CryptoAssets #Blockchain #TokenEconomy #DigitalBusiness #Bitcoin #Ethereum #AltCoins
Raft Beer Labs | Founder, Euan Thomson (Episode 221) | 17 December 2020
Episode 220 | A to Z Liquidation | co-founders, Abir El Kadri and Aya El Kadri | 17 December 2020
Episode 219 | Pizza Face | Co-founders, Tony Migliarese and Mike Garth | 16 December 2020
Episode 218 | Black Cloud Bitters | Co-founder, Rob Kaczanowski | 15 December 2020
Episode 217 | Electra Learning | VP North America Operations, Neil Summers | 14 December 2020
Episode 216 | Receipt Depot | CEO and Co-founder, Rashad Bayram | 14 December 2020
Episode 215 | Harish Consul | President and CEO, Ocgrow Group | 10 December 2020
Episode 214 | Peer Guidance | Founder, Jade Alberts | 4 December 2020
Episode 213 | Page Two Books | Trena White, Co-founder | 3 December 2020
ONITT Inc | CEO and founder, Randene Seeman (Episode 212) | 2 December 2020
Episode 211 | Yaldi Renting | Co-founders, & brothers, Scott and Mike Andrews | 1 December 2020
Episode 210 | CH Financial | President and CEO Jeremy Clark | 30 November 2020
Episode 209 | MNP “Self-Employment Program” | Troy Deck, MNP Senior Manager | 27 November 2020
Episode 208 | Altitude Flight Simulation | Founder, Tammam Altajar | 26 November 2020
Episode 207 | Nicerr founder, Robin Daultani | 24 November 2020
Episode 206 | Launchpad Learning: Sampada Begai, Yashasvi Purwar & Abhishek | 17 November 2020
Episode 205 | Eric Crowell, founder of Awesome Journey | 17 November 2020
Episode 204 | Colin George, Canadian Distribution Network | 16 November 2020
Episode 203 | Origin Energy, Founder and President, Jason Gravelle | 13 November 2020
Episode 202 | Yassine Azzouni, Business Coach | 11 November 2020
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