Regulators Attack Crypto, AI Tokens Skyrocket, Oldest Cryptoexchange Shuts Down | Week In Review

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Week in review! Here are the topics I am gonna talk about:

1. Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions

https://www.coindesk.com/business/2023/02/09/bitcoin-exchange-localbitcoins-to-close-citing-market-conditions/

2. Stablecoin Issuer Tether Reports $700M Profit for Q4 2022

https://www.coindesk.com/business/2023/02/09/stablecoin-issuer-tether-reports-700m-profit-for-q4-2022/

3. DCG Is Selling Holdings in Several Grayscale Trusts: Financial Times

https://www.coindesk.com/business/2023/02/07/dcg-is-selling-holdings-in-grayscale-financial-times/

4. Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals

https://www.coindesk.com/tech/2023/02/08/bitcoin-nfts-explode-in-popularity-as-bitmex-research-shows-13000-ordinals/

5. ChatGPT Mania Spurs Crypto Fans’ Stampede to ‘Faddish’ AI Tokens

https://www.bloomberg.com/news/articles/2023-02-09/crypto-fans-pile-into-faddish-ai-tokens-as-chatgpt-mania-grows

6. Tron Blockchain Commits $100M in Grants to AI-Focused Projects

https://www.coindesk.com/tech/2023/02/09/tron-blockchain-commits-100m-in-grants-to-artificial-intelligence-focused-projects/

7. Independent FTX Examiner Could Cost Crypto Exchange $100M, Court Told

https://www.coindesk.com/policy/2023/02/06/independent-ftx-examiner-could-cost-100-million-court-told/

8. Coinbase CEO Armstrong Decries Rumors of Possible US SEC Ban on Crypto Staking

https://news.bloomberglaw.com/banking-law/coinbase-ceo-decries-rumors-of-possible-us-ban-on-crypto-staking

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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.