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Bitcoin's moment in the sun ☀️
Bitcoin is up, trading well above $25K. Ethereum is up, trading well above $1.5k. Playboy loses millions in crypto. YouTube influencers face a $1 Billion class action lawsuit for promoting FTX.
Do you know about Bitcoin? Do you want to know about Bitcoin? We will tell you all about it. We will tell you all about it. Fun facts. Fun views. Hold tight.
Bitcoin is …
The child born out of the great modern day financial crises of 2008
First block of Bitcoin had an inscription in the code:
"The Times 03/Jan/2009 Chancellor on the brink of the second bailout for banks."
The 12th most valuable asset in the world. Still undervalued?
It's growing. If the adoption curve goes as per the graph. We are in for an adventure.
Is it the bank that the modern world need? What we are witnessing is the beginning of the great reset?
Bitcoin is a surviour. Bans. Meltdowns. Winters. In the last fifteen years, it has seen it all. Still alive, still fluctuating but not giving up.
TTD Mark To Market
Bitcoin is hot now. Very hot. It's crossed $25K and sitting pretty.
Why not sponsor us, eh?
TTD Blockquote 🔊
US Senator for Colorado Michael Bennet
"[Crypto] isn't even as stable as the marijuana industry."
Strong words for banks cozying up to crypto companies, while the cannabis industry is left out in the cold. We feel you. We really do.
TTD Number Picker 🔢
Playboy lost all that dosh in crypto.
What happened? PLBY Group had accepted Ethereum as payments for its "Rabbitars" NFTs and held them on its balance sheet as digital assets. Unfortunately, the value of these digital assets plummeted, and they're currently sitting at a mere $327,000. The decline in the crypto market prices was to blame. The company's digital assets were worth $1.75 million as of Sept. 30 of last year. We feel you. We really do.
TTD What We Following
A $1 Billion class action lawsuit has been filed against several YouTube influencers for promoting cryptocurrency exchange FTX without disclosing their financial ties to the company.
The lawsuit claims that YouTube played a central role in how influencers promoted FTX, noting that the video streaming platform is more popular than network television. The lawsuit was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency.
TTD Surfer 🏄
Investors rush to buy tokenised diamonds amidst US bank collapse - sales skyrocket by 300%.
AI tokens are on a surge with renewed buzz around OpenAI's GPT 4.
Doodles is no longer an NFT project and will not cater to speculators, according to co-founder Jonny Howle.
The day after Silicon Valley Bank collapsed, the number of active NFT traders dropped to its lowest point since November 2021, as per DappRadar report.
So long. OKAY? ✋
The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.