Wells Enterprises Bitcoin Mastermind

We moved over to Twitter

https://twitter.com/iamryanwells

Ryan Wells | Bitcoin Pleb (@IAmRyanWells) / Twitter Class of 2019 pleb, connecting with Bitcoiners, entrepreneurs and growth mindset people. On a journey to become the best version of myself!

Taking a break on here. Cheers!

U.S. bankruptcy judge rules that customers' deposits are the Celsius Networks assets.

United States bankruptcy judge ruled that the Celsius Network owns most of the cryptocurrency the customers deposited into its online platform. The ruling means Celsius customers will be last in line for repayment in the company's bankruptcy. There are roughly 600,000 accounts that hold around $4.2 billion in assets. People continue to flee into self-custody of their digital assets at a record pace to have 100% ownership instead of relying on a 3rd party that owns your crypto.

U.S. judge says Celsius Network owns most customer crypto deposits A U.S. bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online platform, meaning most Celsius customers will be last in line for repayment in the crypto lender's bankruptcy.

Bitcoin payment in Ukraine through Binance

ANC Pharmacy, located in Ukraine with over 1,000 locations, has partnered with Binance Pay to enable Bitcoin payment. This is one of the largest implementations of bitcoin payment in Europe as bitcoin continues to gain mass adoption globally.



https://bitcoinmagazine.com/business/ukrainian-pharmacy-chain-enables-bitcoin-payments

Bitcoin Lightning ATM

Coolangatta, a city in Australia, has received its first bitcoin atm integrated with the lightning network. The lightning network will offer instant transaction support and cut down significant costs from traditional crypto ATMs. The new atm is a huge advancement for bitcoin ATMs, as the user will save time and money.

https://cointelegraph.com/news/lightning-network-gets-physical-form-in-australia-with-bitcoin-atm

Happy New Year to everyone!

It's been a great year for our community and we are so grateful for all of your support and contributions. We've accomplished so much together and we are excited to see what the future holds.

As we ring in 2023, we want to thank each and every one of you for being a part of our journey. Your passion and dedication to our mission are what drives us forward and we couldn't do it without you.

Here's to a successful and prosperous 2023 for all of us at Wells Enterprises Crypto! Cheers!

Microstrategy has bought 2,500 bitcoin, spending roughly $45 million in the last two months bringing the company's total holding to 135,000 bitcoin at $2.2 billion. The company now owns .64 of all the bitcoin that will be in existence because there will only ever be 21 million bitcoin.

https://www.coindesk.com/business/2022/12/28/michael-saylors-microstrategy-buys-another-2395-bitcoin-for-428m/

Fidelity is entering the metaverse

Fidelity has filed three U.S. trademark applications to provide services in the metaverse and other virtual worlds. The company's goal is to provide traditional services in alternate realities. The application mentions NFTs, NFT marketplaces, virtual real estate investing, crypto trading, and metaverse investment services. Metaverse is still in its infancy but gaining more traction as technology advances.



https://www.theblock.co/post/197928/fidelity-files-for-metaverse-trademarks-in-latest-crypto-push

Lightning network taking over the world

The Philippines' remittance market has a faster, cheaper option through the use of the Bitcoin Lightning Network. Customers in the U.K. and Europe can now use CoinCorner's Send Globally feature to transfer funds to the Philippines after partnering with Pouch, a Lightning service provider based in the Southeast Asian country. Send Globally utilizes the Lightning Network to convert one fiat currency into bitcoin, which is then sent over the Lightning Network to a receiving entity that converts the bitcoin into another fiat currency, effectively making global payments instant.

https://bitcoinmagazine.com/business/coincorner-pouch-bring-send-globally-to-philippines

Brazil has recognized bitcoin as a means of payment and as an investment

Brazilian President Jair Bolsonaro on Thursday morning signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country. The new bill recognizes bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation. The new law will go into effect 180 days from today.

https://bitcoinmagazine.com/legal/brazil-enacts-bitcoin-payments-bill

Erosion of Trust From Banks

Wells Fargo has agreed to a $3.7 billion deal with regulators to settle charges that it took advantage of customers on their auto loans, mortgages, and bank accounts. People had their cars wrongfully repossessed by Wells Fargo and the bank took actions that resulted in borrowers wrongfully losing their homes. Other customers were charged improper overdraft fees on their checking accounts. Banks are now starting to allow customers to deposit their Bitcoin and Crypto, another reason you should never allow a third party to hold your Bitcoin with the erosion of trust banks continue to display.

https://www.npr.org/2022/12/20/1144331954/wells-fargo-billions-wrongful-fees-settlement

The Bank for International Settlements is in

The Bank for International Settlements (BIS) has released its Prudential Treatment of Cryptoasset exposure for December 2022. the report unveiled a new policy that allows banks to hold 2% of their reserves in Bitcoin or other cryptocurrencies.

https://watcher.guru/news/bank-for-international-settlements-new-policy-allows-banks-to-hold-2-of-reserves-in-cryptocurrency