Forbes - Moon boys in Miami 🌙

Good Monday morning. Billy Bambrough here with the latest news from crypto-land and what to look out for this week.

(I'm on the road this month so you may receive your copy of CryptoCodex a little early/late—apologies in advance for any disruption and normal service will resume the week beginning April 18)

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24-hour crypto market snapshot
Bitcoin (-1%) $45,905
Ethereum (-1%) $3,474
Solana (-4%) $134.97
Feeling the heat 🥵
Cryptocurrency prices are looking worse for wear after a quiet weekend. However, markets are unlikely to remain so subdued with the good, the bad and the ugly en route to Miami for what many are hoping will be the biggest ever bitcoin conference.

The
bitcoin price is off by 1% on this time yesterday while ethereum is down by around the same. The rest of the crypto top ten is looking even more troubled, with ethereum rivals solana and avalanche leading the market lower, each down around 4%. Cardano, another ethereum challenger, is the sole bright spot, up 3%. Further down the charts, recent winner waves has crashed, losing 15% overnight. Traders are feeling upbeat, however, after a report from on-chain analytics company Glassnode that showed bitcoins continued to leave exchanges last month at a record pace—generally taken as a bullish signal.

Look out for... a fresh salvo of financial sanctions against Russia after reports emerged the country's invasion of Ukraine is turning even nastier. Last month, Russia's Sberbank launched sbercoin somewhat in response to being increasingly locked out of the global financial system.

Now read this: A new stablecoin issuer is buying billions of dollars in bitcoin. What crypto investors need to know
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The boys are back in town 🌇
One year on from the biggest ever bitcoin extravaganza, Bitcoin 2022 has big shoes to fill.
One year on from the biggest ever bitcoin extravaganza, Bitcoin 2022 has big shoes to fill. Getty Images
Inbound: The bitcoin community is descending on Miami this week for the Bitcoin 2022 conference with one high-profile developer teasing "big surprises" at the event that last year brought us El Salvador's bitcoin adoption plans. Read the full story on Forbes and watch Coindesk's video primer.

Top drawer: Kicking off on Wednesday and running through until Saturday, the event's biggest speakers include El Salvador's president Nayib Bukele, Jack Mallers, the chief executive of El Salvador bitcoin payments partner Strike, PayPal cofounder and tech investor Peter Thiel, Ark Invest chief executive Cathie Wood, psychologist Jordon Peterson, Odell Beckham Jr, an NFL player who made headlines when he said he'd take part of his salary in bitcoin and has become an outspoken ambassador for the cryptocurrency, and Yeonmi Park, a North Korean defector and human rights activist.

Big tease: Last month, Samon Mow, formerly the chief strategy officer at bitcoin infrastructure company Blockstream who recently left the company to focus on "nation-state bitcoin adoption," teased Bukele, Mallers, and bitcoin writer Allen Farrington "are all trying to outdo each other for big surprises" at Bitcoin 2022.

Good to know:
Short sellers are betting Tether, crypto's central bank, is vulnerable to a run
Brazil and Indonesia pull ahead 🏃
🔰 Almost half of all cryptocurrency owners in the U.S., Latin America and the Asia Pacific bought bitcoin, cryptocurrencies or non-fungible tokens (NFTs) for the first time in 2021, according to a new survey from cryptocurrency exchange Gemini. Reuters has a write-up.

🔭 The survey revealed most people (79%) chose to purchase crypto for its long-term investment potential.

🌎 Brazil and Indonesia have the most crypto owners, Gemini found, with 41% of people surveyed in those countries holding crypto. Data from the U.S. showed just 20% of people do. Gemini surveyed almost 30,000 people across 20 countries between November 2021 and February 2022.

Now read this: Is Bitcoin Really That Bad For The Environment?
The week ahead 📅
👁️ Keep an eye out for these cryptocurrency and crypto-related events this week.

🗯️ Today,
Bank of England governor and crypto critic Andrew Bailey is speaking at the Stop Scams Conference—expect bitcoin and other cryptocurrencies to take a kicking. Meanwhile, the bank's deputy governor Jon Cunliffe is giving a talk at the European Economics & Financial Centre.

🚀 Also happening today is a Nasa press conference to discuss its Artemis program which is aiming to return astronauts to the Moon and establish a long-term lunar colony as a precursor to human exploration of Mars. On Wednesday, Axiom (or Ax-1), the first all-private astronaut rocket mission to the International Space Station, is due to launch from Nasa’s Kennedy space center in Florida.
- It's been over a year since Tesla billionaire Elon Musk
announced his dogecoin-funded mission to the moon and it seems to have missed its Q1 2022 expected launch date.

📛 On Wednesday, the Bitcoin 2022 conference kicks off in Miami and will dominate the crypto news cycle for at least a week.

📇 Also on Wednesday, the latest Federal Reserve FOMC minutes are out, with traders closely watching for signs of how the U.S. central bank is feeling ahead of expected interest rate rises and stimulus reduction in the face of soaring inflation.

⌛ Friday's the deadline for Ripple executives to submit information to the court in its long-running legal battle with the Securities and Exchange Commission over whether the company engaged in an unregistered security offering.

Now read this: Crypto Accounting Needs To Evolve—Unpacking The Recent SEC Bulletin
hello world
Billy Bambrough
Forbes Senior Contributor
I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.
Follow me on Twitter or email me.
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