Sesterce Weekly Roundup # 10 (Week 10, 2022)
This week in Crypto history:
Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds - March 17, 2021
The investment bank told its financial advisors in an internal memo that it is launching access to three funds that enable ownership of bitcoin. Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG. Morgan Stanley is only allowing its wealthier clients access to the volatile asset. The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes.
Mt.Gox founder gets suspended sentence - March 14, 2019
Mark Karpeles, the former head of Mt. Gox — a bitcoin exchange that went bankrupt in 2014 — was found guilty of data manipulation by the Tokyo District Court and handed a prison sentence of 2.5 years that will be suspended for 4 years. He was found not guilty on a separate charge of embezzling millions of dollars through customer accounts
The Week in the Markets:
The week has been mostly calm for Bitcoin and other assets. Visit Sesterce Capital's Twitter post for in detail technical analysis: Tweet
Mining this week:
Current Network Difficulty: 27.55T
Bitcoin Next Difficulty Estimate:
Hash rate this week:
Min: 170.6490 EH/s
Bitcoin Global Hashrate
News and updates:
The EU Crypto Vote Is In: Members Shoot Down MiCA Bill’s Proof of Work Ban
Although we welcome regulations in Crypto, but the proposed regulation in its current form was detrimental for Crypto ecosystem in EU.
Continue reading on Twitter:
Europe's MiCA almost banned the holding of Bitcoin and Ethereum, because they consume electricity!
MiCA's supposed intent is to be brought in to complement anti-money laundering (AML) rules and enhance financial stability and investor protection in Europe, however in its current form MiCa prohibits the issuance or offering for exchange of crypto-assets that rely on Proof-of-Work protocols. Which could lead to a deadly regulation that excludes Bitcoin and Ether from Europe.
Sesterce through the support of ADAN (Association of EU companies in Digital Assets) showed strong opposition to any ban on #PoW activities in the EU, and warned various shortfalls and adverse effects of the proposal.
Read the Sesterce new blog
2 minute read: https://blog.sesterce.com/blog/europes-markets-in-crypto-assets-framework-mica-what-should-be-the-improvement