Published On Dec 20, 2020
This is another episode of a weekly cryptocurrency news series called Last Week Crypto.
We cover the latest global news stories affecting the cryptocurrency markets December 13th through the 19th of 2020.
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======== VIDEO SUMMARY ========
This week we will discuss government incompetence, incompetence among the economists, impending crypto regulations, and cryptocurrencies’ price explosion.
00:00 - Introduction
00:06 - Today was the day the term “HODL” was created
00:36 - One dollar invested in Bitcoin at its first market price...
01:20 - Crypto.com
01:48 - Importance of Accounts with Multiple Exchanges
02:04 - Wednesday AMA
02:39 - Market Movements
03:24 - The U.S. dollar is getting crushed
03:40 - Average inflation has been 2.7% over the last 100 years
03:59 - Congress struggles to seal final Covid relief
04:13 - Five stark measures show rising American suffering
04:39 - GOP senator blocks bill to provide $1,200 stimulus checks
05:00 - Nancy Pelosi Meme
05:36 - UBS Chief Economist: There Is No Inflation
06:22 - Bitcoin is in a 'massive bubble' and investors don't understand how its supply works
08:17 - Crypto is at 'a fork in the road
08:38 - US Treasury said to weigh new crypto transaction reporting rule
08:48 - FinCEN proposes new KYC rules for crypto wallets
09:16 - No, literally nobody calls them unhosted wallets
09:24 - US Senator-elect rails against potential crypto wallet ruling
09:55 - Headline: FinCEN reveals devastating new cryptocurrency controls
10:48 - Bottom line on the FinCEN rules
11:05 - Buy A Hardware Wallet Yesterday!
11:36 - Protect Your Ability to Generate Income
12:05 - Prominent cryptocurrency exchange Coinbase aims to go public
12:12 - Sends a massive signal of legitimacy to the finance world
12:27 - Bitcoin should be worth $400,000
12:47 - Ruffer Investment Confirms Massive Bitcoin Buy of $744M
12:55 - One River Hedge Fund to Increase Holdings From $600 Million
13:05 - CME Announces Ether Futures Contracts
13:13 - Microsoft adopts Ethereum blockchain for gaming royalties
13:20 - There’s Now $1 Billion of Ethereum Locked Up in Eth 2.0
13:31- Some people think that $10,000 for $ETH is crazy, but I'm serious
14:00 - The risk reward equation for crypto is off the charts right now!
14:12 - Outro
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