OTC’s Weekly Retrospect 19/12–23/12/2022

Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­

Major news stories this week;

1. Craig Wright Signals He’s Given Up Convincing Courts He Invented Bitcoin
2. Crypto platform Paxful removes ETH from its marketplace
3. Machankura’s Bitcoin Wallet Targets Africans With Old-School Phones and No Internet
4. FTX collapse shows crypto is ‘too dangerous’ not to regulate, Bank of England deputy governor says
5. The 10 Biggest Developments in Bitcoin in 2022

Story Summaries;

1. On Wednesday, the infamous Australian computer scientist tweeted, “I have been too angry for too long, as I cared for external validation. That ends.”. Wright’s tweet thread followed the latest in a series of blows to his Bitcoin inventor claim, which he has thus far struggled to back up with concrete proof in the eyes of courts and much of the public.
2. Peer-to-peer cryptocurrency marketplace Paxful has removed Ether, Ethereum’s native token, from its marketplace, citing a number of concerns around the world’s second-largest cryptocurrency by market capitalization.
3. Bitcoiners in Nigeria, Tanzania, South Africa, Kenya and five other African countries can now send and receive bitcoin (BTC) without a smartphone or Internet connection. Just a basic feature phone and text code will suffice, thanks to a digital wallet from a company called Machankura.
4. Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky News the Bank is considering regulation to protect retail investors in the “casino” of crypto trading, as well as the wider financial system from potential crypto shocks.
5. Price crashes and crypto collapses dominated headlines in 2022, but it was a year of significant progress for Bitcoin. In 2022, we saw how Bitcoin as a protocol allows for widespread innovation that fills whatever needs developers and entrepreneurs identify without any need for changes to that protocol.

And that’s all for this weeks news! Wishing you a great weekend and as always, Happy Friday!