{"id":322,"date":"2023-02-25T11:00:55","date_gmt":"2023-02-25T11:00:55","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=322"},"modified":"2023-06-04T19:33:00","modified_gmt":"2023-06-04T19:33:00","slug":"weekly-headlines-2023-2-w4","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/02\/25\/weekly-headlines-2023-2-w4\/","title":{"rendered":"Weekly Headlines 2023.2 W4"},"content":{"rendered":"\n

\u201cIt will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can\u2019t be stopped. That we know.\u201d  <\/em><\/strong>\u2013 Cameron Winklevoss, co-founder of Gemini<\/em><\/p>\n\n\n\n

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

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

1. Binance Shifts to \u2018Semi-Automated\u2019 Process to Manage Reserves of Tokens It Issues: Bloomberg<\/p>\n\n\n\n

\u2013 Reserves for these tokens had previously been mixed with customer funds.<\/p>\n\n\n\n

2. Crypto Exchange Zipmex to Restart Customer Withdrawals Once Rescue Deal Closes<\/p>\n\n\n\n

\u2013 A rescue deal is \u201csigned but not closed,\u201d according to Zipmex CEO Marcus Lim.<\/p>\n\n\n\n

3. FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21<\/p>\n\n\n\n

\u2013 FTX Japan will restart withdrawal services for fiat and crypto assets as of noon local time on Feb. 21, the company said in an announcement made Monday.<\/p>\n\n\n\n

4. Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg<\/p>\n\n\n\n

\u2013 Binance is considering severing its ties with U.S. business partners as various government agencies and regulators continue to investigate the company, according to a report from Bloomberg, citing a personal familiar with the issue.<\/p>\n\n\n\n

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

1. Online Transactions, Peer-to-Peer Payments Should Be Priorities With Digital Euro, ECB Says<\/p>\n\n\n\n

\u2013 Transfers in stores and to governments could take longer to develop, but basic personal use should be free, the European Central Bank said.<\/strong><\/p>\n\n\n\n

2. FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms<\/p>\n\n\n\n

\u2013 The global financial crime watchdog\u2019s plenary, made up of 206 members, including observer organizations like the UN, also agreed to take stock of what jurisdictions have been doing so far.<\/p>\n\n\n\n

3. German DZ Bank adds digital currencies to asset management services<\/p>\n\n\n\n

\u2013 German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.<\/strong><\/p>\n\n\n\n

4. Hong Kong Backs Web3 With $6.4M in Annual Budget<\/p>\n\n\n\n

\u2013 Report says officials from China\u2019s Liaison Office have been spotted at crypto events in the city.<\/p>\n\n\n\n

5. Canadian Crypto Trading Platforms Face \u2018Enhanced\u2019 Rules Under New Regulations<\/p>\n\n\n\n

\u2013 The Canadian Securities Administrators published new guidance for the local crypto industry Wednesday, warning exchanges and other platforms they would have to abide by \u201cenhanced investor protection commitments.\u201d<\/strong><\/p>\n\n\n\n

6. Hong Kong outlines upcoming crypto licensing regime<\/p>\n\n\n\n

\u2013 Hong Kong\u2019s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.<\/strong><\/p>\n\n\n\n

7. Bank of Russia to Pilot CBDC in April<\/p>\n\n\n\n

\u2013 The Bank of Russia\u2019s central bank digital currency (CBDC), the digital ruble, is ready for its pilot phase, said the bank\u2019s deputy governor, Olga Skorobogatova, on Friday.<\/strong><\/p>\n\n\n\n

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

1. Crypto and blockchain education becomes priority at top universities<\/p>\n\n\n\n

\u2013 As crypto adoption rises, more universities are offering crypto courses.<\/p>\n\n\n\n

2. Bitcoin Futures on CME Outpace Those on Binance to Trade at Widest Premium Since November 2021<\/p>\n\n\n\n

\u2013 The CME accounts for a majority of activity in the standard futures market tied to bitcoin, one observer said, while explaining a relatively higher premium in futures listed on the Chicago-based exchange.<\/p>\n\n\n\n

3. Bitcoin Price Falls Back Toward Week\u2019s Low on Inflation Worry<\/p>\n\n\n\n

\u2013 The January PCE Price Index \u2013 the Fed\u2019s favored inflation indicator \u2013 unexpectedly rose to 5.4%.<\/p>\n\n\n\n

4. ReFi for the People: How Crypto Can Help Local Communities Help Their Ecosystems<\/p>\n\n\n\n

\u2013 A hyper-localized breed of regenerative finance hopes to use crypto not only to improve the world\u2019s carbon footprint but improve lives of local communities.<\/p>\n\n\n\n

5. XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility<\/p>\n\n\n\n

\u2013 The proposal defines how changes to an account\u2019s transaction sequence can be made on the XRP Ledger to ensure the movement of tokens between XRP Ledger and associated sidechains.<\/p>\n\n\n\n

6. Optimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform<\/p>\n\n\n\n

\u2013 The price of optimism token (OP) rose by 6.5% Thursday after Coinbase (COIN) said it is building its layer 2 blockchain using the OP Stack in collaboration with Optimism.<\/p>\n\n\n\n

7. How to Harness the Power of Crypto to Aid Communities Rebuilding After Natural Disasters<\/p>\n\n\n\n

\u2013 The industry\u2019s swift response in times of need highlights the need for compatibility between crypto and the traditional financial system.<\/p>\n\n\n\n

8. AI Could Help Build More-Efficient Crypto Markets<\/p>\n\n\n\n

\u2013 Artificial intelligence, once a technological tundra, is now one of the hottest areas of growth for Web3, SingularityDAO\u2019s Marcello Mari and Rafe Tariq write.<\/p>\n\n\n\n

9. Crypto Long & Short: Washington Plays Tennis With Crypto<\/p>\n\n\n\n

\u2013 If digital asset regulation is drifting into partisan waters, that\u2019s bad for all involved.<\/p>\n\n\n\n

10. Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem<\/p>\n\n\n\n

\u2013 The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of Bitcoin. Add that to the SEC\u2019s exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.<\/p>\n\n\n\n

11. Arbitrum Native Decentralized Exchange Camelot Growing Massively in February<\/strong><\/p>\n\n\n\n

\u2013 The price of GRAIL, the native token for Camelot, has soared 520% since Feb. 1, per CoinGecko.<\/p>\n\n\n\n

12. Crypto Markets Analysis: Bitcoin, Ether Hold Mid-Week Gains; Crypto Exchange Token OKB Outperforms<\/p>\n\n\n\n

\u2013 The announcement of a new blockchain following the earlier release of a proof-of-reserves report pushed OKB higher. BTC and ETH benefited from short covering.<\/p>\n\n\n\n

13. Filecoin\u2019s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch<\/p>\n\n\n\n

\u2013 The jump fueled social media excitement about the blockchain\u2019s March 1 launch of its Filecoin Virtual Machine (FVM) and its token FIL jumped 36.7% at the time of publication.<\/p>\n\n\n\n

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

1. Litecoin Network Gets Its First NFTs After Developer Forks Bitcoin Ordinals<\/p>\n\n\n\n

\u2013 A copy of the white paper of Litecoin\u2019s mimblewimble upgrade was put on the Litecoin blockchain.<\/p>\n\n\n\n

2. Titanic artifacts to be tokenized as NFTs in new partnership<\/p>\n\n\n\n

\u2013 Real-world artifacts from the famous Titanic wreckage are set to be tokenized as NFTs through a new partnership using blockchain technology.<\/p>\n\n\n\n

3. The new YouTube CEO is open to Web3 and NFT<\/p>\n\n\n\n

\u2013 New YouTube CEO Neal Mohan mentioned NFT will enable strengthening the romance among information creators and their fan communities.<\/p>\n\n\n\n

Metaverse<\/strong><\/p>\n\n\n\n

1. EU Metaverse Policy Should Consider Discrimination, Safety, Data Controls: Commission Official<\/p>\n\n\n\n

\u2013 The European Commission plans to set out the policy on virtual worlds in May.<\/p>\n\n\n\n

2. Snow Crash manuscript that coined the term \u2018metaverse\u2019 to be auctioned by Sotheby\u2019s<\/p>\n\n\n\n

\u2013 The manuscript is part of a larger series of physical and digital items related to the famous book.<\/p>\n\n\n\n

3. BlackRock Starts Metaverse-Themed ETF Despite Waning Investor Interest<\/p>\n\n\n\n

\u2013 Meta, Apple and Nvidia are top holdings for the exchange-traded fund.<\/p>\n\n\n\n

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

1. DeFi Protocol Ankr\u2019s Token Surged 73% on Microsoft and Tencent Partnerships<\/p>\n\n\n\n

\u2013 Daily trade volume has topped $1.5 billion following the partnerships.<\/p>\n\n\n\n

2. DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum<\/p>\n\n\n\n

\u2013 Synthetix holds over $450 million in locked tokens over the Ethereum and Optimism networks.<\/p>\n\n\n\n

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

1. Google Cloud to Become Validator on Tezos Network<\/p>\n\n\n\n

\u2013 The tech giant\u2019s corporate customers will be able to deploy Tezos nodes to build Web3 applications on the network.<\/p>\n\n\n\n

2. Web3 Music Streaming Platform Audius Integrates TikTok<\/p>\n\n\n\n

\u2013 Audius users can sign up for the application with their TikTok profiles and use the streaming service\u2019s songs in their videos on the social-media platform.<\/p>\n\n\n\n

3. Hong Kong Backs Web3 With $6.4M in Annual Budget<\/p>\n\n\n\n

\u2013 The city\u2019s financial secretary will lead a task force dedicated to the development of virtual assets.<\/p>\n\n\n\n

February 24, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIt will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can\u2019t be stopped. That we know.\u201d  \u2013 Cameron Winklevoss, co-founder of Gemini Weekly News Report: News 1. Binance Shifts to \u2018Semi-Automated\u2019 Process to […]<\/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":[8,100,109,110,108,14,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/322"}],"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=322"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/322\/revisions"}],"predecessor-version":[{"id":382,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/322\/revisions\/382"}],"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=322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}