{"id":328,"date":"2023-02-04T11:00:58","date_gmt":"2023-02-04T11:00:58","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=328"},"modified":"2023-06-04T19:31:36","modified_gmt":"2023-06-04T19:31:36","slug":"weekly-headlines-2023-2-w1","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/02\/04\/weekly-headlines-2023-2-w1\/","title":{"rendered":"Weekly Headlines 2023.2 W1"},"content":{"rendered":"\n

\u201cTraditionally, people have looked to centralized intermediaries or governments to solve this problem, but technology like cryptography, blockchain and zero-knowledge proofs offer new solutions.\u201d  <\/em><\/strong>\u2013 Hester Peirce, commissioner of the U.S. Securities and Exchange Commission<\/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. Euro stablecoin launched in Finland, claims to be first approved in the EU<\/p>\n\n\n\n

\u2013 USDC issuer Circle Inc. previously released a euro-backed stablecoin that is regulated in the United States.<\/p>\n\n\n\n

2. Sam Bankman-Fried Negotiating Bail Conditions: Court Filing<\/p>\n\n\n\n

\u2013 Bankman-Fried\u2019s current bail conditions bar contact with current or former employees of FTX and Alameda Research, something that the disgraced founder is alleged to be doing.<\/p>\n\n\n\n

3. UK Crypto Industry Celebrates Government\u2019s Planned Exemptions for Crypto Ad Approvals<\/p>\n\n\n\n

\u2013 But the country\u2019s financial watchdog says it will \u201ctake a consistent approach to that taken for other high-risk investments,\u201d when the time comes to set up enforcement rules.<\/p>\n\n\n\n

4. Aptos Labs Issues Grant to Blockchain Lab at Cornell University<\/p>\n\n\n\n

\u2013 The newly launched blockchain built by former Diem developers has issued a $50,000 grant to a Cornell University professor of computer science.<\/p>\n\n\n\n

5. Decentralized Social Media Project Nostr\u2019s Damus Gets Listed on Apple App Store<\/p>\n\n\n\n

\u2013 Former Twitter CEO Jack Dorsey has donated to Nostr and promoted the open protocol that aspires to create a censorship-resistant global social network.<\/p>\n\n\n\n

6. Bankrupt Crypto Exchange FTX had Around $1.4B Cash at 2022-End<\/p>\n\n\n\n

\u2013 The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy<\/p>\n\n\n\n

7. Hong Kong to Require Stablecoin Licensing as Early as This Year<\/p>\n\n\n\n

\u2013 Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.<\/p>\n\n\n\n

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

1. Australia introduces classification for crypto assets<\/p>\n\n\n\n

\u2013 The national regulators identified four major products in the crypto sector. Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry.<\/strong><\/p>\n\n\n\n

2. Crypto Bank Silvergate Shares Move Higher After BlackRock Boosts Stake<\/p>\n\n\n\n

\u2013 Silvergate stock is down about 90% over the past year thanks to the crypto bear market and its deposit relationship with FTX.<\/strong><\/p>\n\n\n\n

3. ARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030<\/p>\n\n\n\n

\u2013 A new report by Cathie Wood\u2019s growth-focused fund outlines how bitcoin continues to outperform every other major asset class.<\/strong><\/p>\n\n\n\n

4. Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse<\/p>\n\n\n\n

\u2013 The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets.<\/strong><\/p>\n\n\n\n

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

1. How to improve your coding skills using ChatGPT<\/p>\n\n\n\n

\u2013 ChatGPT can generate code snippets and solutions to coding problems quickly and efficiently. Here\u2019s how.<\/p>\n\n\n\n

2. $20K Bitcoin may return, says analyst as US unemployment hits 54-year low<\/p>\n\n\n\n

\u2013 Bitcoin buyers may get a chance to \u201cload up\u201d below $22,000 on the back of employment statistics.<\/p>\n\n\n\n

3. MicroStrategy Books Impairment Charge of $197.6M on Q4 Bitcoin Holdings<\/p>\n\n\n\n

\u2013 The business software company reported its fourth-quarter results on Thursday afternoon.<\/p>\n\n\n\n

4. Ripple Sold $226M of XRP in Q4; Sees Strong Growth in On-Demand Liquidity Product<\/p>\n\n\n\n

\u2013 The firm\u2019s on-demand liquidity product has expanded to forty countries.<\/p>\n\n\n\n

5. Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport<\/p>\n\n\n\n

\u2013 When bitcoin\u2019s performance is positive in January, the rally tends to continue, the report said.<\/p>\n\n\n\n

6. Fed Preview: Powell to Trigger \u2018Healthy Pullback\u2019 in Bitcoin, Experts Say<\/p>\n\n\n\n

\u2013 Financial conditions have loosened to a point where the Fed chair may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.<\/p>\n\n\n\n

7. Bitcoin UTXOs Older Than 5 Years Surged During Bear Market<\/p>\n\n\n\n

\u2013 UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction.<\/p>\n\n\n\n

8. US gov\u2019t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023<\/p>\n\n\n\n

\u2013 The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices.<\/p>\n\n\n\n

9. Total crypto market cap rises above $1T \u2014 data suggests more upside is in store<\/p>\n\n\n\n

\u2013 Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care.<\/p>\n\n\n\n

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

1.NFTs get physical with the world\u2019s first real store opened in Dubai<\/p>\n\n\n\n

\u2013 ftNFT retail stores offer experiences at the intersection of digital and real-life art.<\/p>\n\n\n\n

2. Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25\u201331<\/p>\n\n\n\n

\u2013 Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft.<\/p>\n\n\n\n

3. Giant Bitcoin \u2018Taproot Wizard\u2019 NFT Minted in Collaboration With Luxor Mining Pool<\/p>\n\n\n\n

\u2013 Luxor Mining collaborated with independent developer Udi Wertheimer to mint the NFT advertising \u201cMagic Internet JPEGs\u201d in \u201cthe largest Bitcoin block ever mined.\u201d<\/p>\n\n\n\n

4. OpenSea Releases Suite of New Tools for Creator NFT Drops<\/p>\n\n\n\n

\u2013 The new experience allows selecting creators to include multi-stage minting phases, allowlist support and personalized landing pages for their NFT releases.<\/p>\n\n\n\n

5. Doodles 2 NFT Mint Opens, Dooplicators Price Soars on OpenSea<\/p>\n\n\n\n

\u2013 The Doodles 2 collection allows users to create custom wearables for their original Doodles avatars on the Flow blockchain.<\/p>\n\n\n\n

6. Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace<\/p>\n\n\n\n

\u2013 Amid rumors swirling on Twitter, the company confirmed it\u2019s temporarily halting drops to focus on \u201cfeatures and tools\u201d for its NFT marketplace.<\/p>\n\n\n\n

7. NFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders<\/p>\n\n\n\n

\u2013 SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.<\/p>\n\n\n\n

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

1. Russia\u2019s Sberbank plans to launch DeFi platform on Ethereum<\/p>\n\n\n\n

\u2013 DeFi systems are able to displace the traditional market of banking services, Sber\u2019s Blockchain Lab product director Konstantin Klimenko said.<\/p>\n\n\n\n

2. DeFi enjoys prolific start to 2023: DappRadar report<\/p>\n\n\n\n

\u2013 DeFi protocols have seen significant growth in total value locked in January, with Lido Finance leading the charge.<\/p>\n\n\n\n

3. Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet<\/p>\n\n\n\n

\u2013 Dexalot\u2019s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet.<\/p>\n\n\n\n

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

1. Preserving and reinventing music festival legacy in the metaverse<\/p>\n\n\n\n

\u2013 The metaverse has been used as a means of cultural preservation in the past. Now, the legacy music festival Woodstock is using digital reality to preserve its legacy and reinvent its future.<\/p>\n\n\n\n

2. Facebook Parent Meta\u2019s Metaverse Division Lost $13.7B in 2022<\/p>\n\n\n\n

\u2013 The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.<\/p>\n\n\n\n

3. The metaverse is creating a new virtual marketplace for retail brands<\/p>\n\n\n\n

\u2013 Entrepreneurs have begun leveraging favorable legislation to create new cannabis markets in the metaverse.<\/p>\n\n\n\n

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

1.Web3 Community NounsDAO Is Creating an NFT Comic Book Series<\/p>\n\n\n\n

\u2013 The comic book series will build a narrative around the Nouns NFTs, further expanding the project\u2019s intellectual property.<\/p>\n\n\n\n

2. EBay Hiring Multiple Web3 Roles Following NFT Marketplace Acquisition<\/p>\n\n\n\n

\u2013 According to recent LinkedIn job postings, the popular e-commerce site is seeking to bolster its Web3 team to support its NFT marketplace KnownOrigin.<\/p>\n\n\n\n

3. Amazon Looking to Hire Web3 Staff for Its Cloud Services<\/p>\n\n\n\n

\u2013 The biggest infrastructure provider in the world is targeting Web3 for growth.<\/p>\n\n\n\n

4. ImmutableX to Launch All-In-One Passport System to Onboard New Gamers Into Web3<\/p>\n\n\n\n

\u2013 The new tool, scheduled to launch in April 2023, will act as a non-custodial wallet, gamer profile and authentication solution for Web3 gamers.<\/p>\n\n\n\n

5. Cool Cats Claws at Mainstream Strategy, Rebrands to Expand Audience Beyond Web3<\/p>\n\n\n\n

\u2013 The popular NFT collection wants to make its brand mainstream through storytelling, entertainment and partnerships surrounding its beloved Blue Cat character.<\/p>\n\n\n\n

DAO<\/strong><\/p>\n\n\n\n

1. Japanese prime minister says DAOs and NFTs help support government\u2019s \u2018Cool Japan\u2019 strategy<\/p>\n\n\n\n

\u2013 Fumio Kishida said there were \u201cvarious possibilities for using Web3\u201d in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.<\/p>\n\n\n\n

2. Toyota to explore blockchain use cases via DAO hackathon<\/p>\n\n\n\n

\u2013 The automotive giant is exploring DAO tools and blockchain integration to improve company operations.<\/p>\n\n\n\n

February 3, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cTraditionally, people have looked to centralized intermediaries or governments to solve this problem, but technology like cryptography, blockchain and zero-knowledge proofs offer new solutions.\u201d  \u2013 Hester Peirce, commissioner of the U.S. Securities and Exchange Commission Weekly News Report: News 1. Euro stablecoin launched in Finland, claims to be first approved in the EU \u2013 USDC issuer […]<\/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":[8,70,117,53,118,101,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/328"}],"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=328"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/328\/revisions"}],"predecessor-version":[{"id":372,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/328\/revisions\/372"}],"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=328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}