{"id":306,"date":"2023-04-22T11:00:59","date_gmt":"2023-04-22T11:00:59","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=306"},"modified":"2023-06-04T19:34:04","modified_gmt":"2023-06-04T19:34:04","slug":"weekly-headlines-2023-4-w3","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/04\/22\/weekly-headlines-2023-4-w3\/","title":{"rendered":"Weekly Headlines 2023.4 W3"},"content":{"rendered":"\n

\u201c#Bitcoin is the most interesting intellectual development on the Internet.\u201d \u2013 Julian Assange<\/em><\/strong><\/p>\n\n\n\n

\n\n\n\n
\"\"<\/figure>\n\n\n\n

Weekly News Report:<\/strong><\/p>\n\n\n\n

News<\/strong><\/p>\n\n\n\n

1. Microsoft Working With Space and Time to Add Real-Time Blockchain Data for Azure Cloud<\/p>\n\n\n\n

\u2013 The agreement comes seven months after the tech giant led a strategic funding round for the crypto firm.<\/p>\n\n\n\n

2. Crypto Exchange Coinbase Receives License to Operate in Bermuda<\/p>\n\n\n\n

\u2013 Coinbase has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday.<\/p>\n\n\n\n

3. Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank<\/p>\n\n\n\n

\u2013 International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.<\/p>\n\n\n\n

4. Crypto Exchange ByBit Opens Global HQ in Dubai<\/p>\n\n\n\n

\u2013 Dubai recently unveiled its licensing requirements for crypto entities.<\/p>\n\n\n\n

Institution<\/strong><\/p>\n\n\n\n

1. Abu Dhabi\u2019s Financial Free Zone Proposes Legal Framework for Decentralized Economy<\/p>\n\n\n\n

\u2013 The proposals target projects built on distributed ledger technology and aim to provide clarity on governance structures and disclosures.<\/p>\n\n\n\n

2. Ethereum\u2019s Shanghai Upgrade Spurs Institutional Investment Into Staking<\/p>\n\n\n\n

\u2013 The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.<\/strong><\/p>\n\n\n\n

3. UAE Securities Regulator to Start Accepting License Applications From Crypto Firms<\/p>\n\n\n\n

\u2013 The mandatory licensing regime applies to all companies seeking to provide services in the country unless they are already licensed in financial-free zones in the UAE.<\/p>\n\n\n\n

4. Societe Generale\u2019s Crypto Division Introduces Euro Stablecoin on Ethereum<\/p>\n\n\n\n

\u2013 EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.<\/strong><\/p>\n\n\n\n

5. EU Parliament Approves Crypto Licensing, Funds Transfer Rules<\/p>\n\n\n\n

\u2013 Lawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 absentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law.<\/p>\n\n\n\n

6. Hong Kong\u2019s Banks Are Taking Lead on What e-HKD Will Look Like: Source<\/p>\n\n\n\n

\u2013 At least one bank is leaning towards developing it on a permissioned blockchain.<\/strong><\/p>\n\n\n\n

Market<\/strong><\/strong><\/p>\n\n\n\n

1. Tether Mints Massive One Billion USDT Stablecoins on Ethereum Extending Its Market Dominance<\/p>\n\n\n\n

\u2013 Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory.<\/p>\n\n\n\n

2. Institutions Flock to Ether After Shapella Upgrade<\/p>\n\n\n\n

\u2013 Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.<\/p>\n\n\n\n

3. Ethereum is going to transform investing<\/p>\n\n\n\n

\u2013 Expect to see tokenized securities proliferate in the years ahead \u2014 along with heavy investments in Ethereum staking pools.<\/p>\n\n\n\n

4. Radix\u2019s XRD Token Beats Wider Crypto Market With 176% Surge in a Month<\/p>\n\n\n\n

\u2013 Decentralized finance-focused distributed ledger Radix\u2019s XRD token has more than doubled in the past 30 days, becoming the best-performing top 100 cryptocurrencies during that period.<\/p>\n\n\n\n

5. Bitcoin\u2019s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say<\/p>\n\n\n\n

\u2013 The world\u2019s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.<\/p>\n\n\n\n

6. Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data<\/p>\n\n\n\n

\u2013 BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week.<\/p>\n\n\n\n

7. Stablecoins Gain Traction as Inflationary Shield in Latin America With Growth in Europe<\/p>\n\n\n\n

\u2013 Despite the bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way.<\/p>\n\n\n\n

8. \u2018Pepe the Frog\u2019 Memecoins Rocket as Crypto Twitter Moves Over Doge Obsession<\/p>\n\n\n\n

\u2013 A pepe token (PEPE) launched Sunday ran over 21,000% in the past three days, raking in $30M in trading volumes on Uniswap and reaching a market capitalization of as high as $33M on Tuesday morning.<\/p>\n\n\n\n

NFT<\/strong><\/p>\n\n\n\n

1. Starbucks Odyssey Brews Smoother Second Serving of NFTs With \u2018First Store\u2019 Collection<\/p>\n\n\n\n

\u2013 Members of the Web3 loyalty program who had two unique stamps in their wallet were able to access a pre-sale before it opened to the rest of the beta group.<\/p>\n\n\n\n

2. NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows<\/p>\n\n\n\n

\u2013 According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.<\/p>\n\n\n\n

3. NFT.NYC Was Calm, but Side Events Stirred Drama<\/p>\n\n\n\n

\u2013 While the annual conference saw fewer attendees in a chilly NFT winter, the real \u201cmagic\u201d \u2013 and drama \u2013 of the Web3 gathering happened outside the main convention.<\/p>\n\n\n\n

4. Nike is Releasing Its First Digital Sneaker Collection on .Swoosh<\/p>\n\n\n\n

\u2013 The virtual sneaker, called Our Force 1, is a play on the brand\u2019s iconic Air Force 1 design.<\/p>\n\n\n\n

DeFi<\/strong><\/p>\n\n\n\n

SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules<\/p>\n\n\n\n

\u2013 Unless Congress legislates otherwise, U.S. oversight will hold most of the crypto world inside the SEC\u2019s jurisdiction as the agency moves to make its reach increasingly explicit.<\/p>\n\n\n\n

Web3<\/strong><\/p>\n\n\n\n

Smurf Happens: Beloved Blue Characters Enter Web3<\/p>\n\n\n\n

\u2013 Popular animated franchise The Smurfs, known for comics, cartoons and movies, are taking on a new adventure with the release of a new collection of NFTs from the Smurf Society that will expand the reach of the three-apple-tall characters to Web3.<\/p>\n\n\n\n

April 22, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c#Bitcoin is the most interesting intellectual development on the Internet.\u201d \u2013 Julian Assange Weekly News Report: News 1. Microsoft Working With Space and Time to Add Real-Time Blockchain Data for Azure Cloud \u2013 The agreement comes seven months after the tech giant led a strategic funding round for the crypto firm. 2. Crypto Exchange Coinbase […]<\/p>\n","protected":false},"author":3,"featured_media":288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[8,65,66,5,28,74,14,81,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/306"}],"collection":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/comments?post=306"}],"version-history":[{"count":2,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/306\/revisions"}],"predecessor-version":[{"id":391,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/306\/revisions\/391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media\/288"}],"wp:attachment":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}