{"id":336,"date":"2023-01-07T11:00:32","date_gmt":"2023-01-07T11:00:32","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=336"},"modified":"2023-06-04T19:28:46","modified_gmt":"2023-06-04T19:28:46","slug":"weekly-headlines-2023-1-w1","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/01\/07\/weekly-headlines-2023-1-w1\/","title":{"rendered":"Weekly Headlines 2023.1 W1"},"content":{"rendered":"\n

\u201cThe key to generating real value through Web3 is by providing solutions that allow others to generate value for themselves.\u201d  <\/em><\/strong>\u2013 Dakota Barnett, Founder of InvArch<\/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. Here\u2019s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia<\/p>\n\n\n\n

\u2013 Prince Philip of Serbia outlines key ways in which Bitcoin promotes global financial inclusion and its importance in conflict-affected nations.<\/p>\n\n\n\n

2. Lightning Network gets physical form in Australia with Bitcoin ATM<\/p>\n\n\n\n

\u2013 Lightning-enabled Bitcoin ATMs promise to offer instant transaction support and a significant cut in cost from traditional crypto ATMs.<\/p>\n\n\n\n

3. Sam Bankman-Fried Pleads \u2018Not Guilty\u2019 to Fraud, Conspiracy Charges<\/p>\n\n\n\n

\u2013 Indicted by the DOJ last month on eight counts, the former CEO of failed crypto exchange FTX had been expected to enter the not guilty plea.<\/p>\n\n\n\n

4. The Genesis Block: The First Bitcoin Block<\/p>\n\n\n\n

\u2013 Today marks the 14-year anniversary of when Satoshi Nakamoto mined the first Bitcoin block.<\/p>\n\n\n\n

5. Turkey to use blockchain-based digital identity for online public services<\/p>\n\n\n\n

\u2013 Shortly after its central bank completed its first CBDC tests, Turkey announced a blockchain-based digital identity application.<\/p>\n\n\n\n

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

1. Bank of England answers professionals\u2019 questions about upcoming CBDC wallet<\/p>\n\n\n\n

\u2013 The Bank of England answered more than 70 questions from applicants who wish to win over the $244,000 contract.<\/strong><\/p>\n\n\n\n

2. Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi<\/p>\n\n\n\n

\u2013 A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins.<\/strong><\/p>\n\n\n\n

3. UK Enforces Crypto Tax Break for Foreigners Using Local Brokers<\/p>\n\n\n\n

\u2013 The measures now in effect are part of the government\u2019s plans to turn the country into a crypto hub.<\/strong><\/p>\n\n\n\n

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

1. Number Of Bitcoin Addresses Holding Over 10+ BTC Reaches Two-Year High<\/p>\n\n\n\n

\u2013 Bitcoin addresses over the last couple of months have been fluctuating between accumulation and dumping. But one important fact is that there has been consistent growth in 2023 despite the market being less than a week into the new year. The important cohort here is bitcoin addresses that are holding more than 10 BTC on their balances.<\/p>\n\n\n\n

2. \u2018Binance Effect\u2019 Means 41% Price Spike for Newly Listed Tokens<\/p>\n\n\n\n

\u2013 A new study by Ren & Heinrich suggests that Binance\u2019s emergence as the dominant global crypto exchange might mean that its individual token listings are now getting a lot more attention \u2013 at least among speculators.<\/p>\n\n\n\n

3. Crypto Markets Analysis: On-Chain Data Shows Short-Term Bitcoin Holders Turning Profits<\/p>\n\n\n\n

\u2013 Ether prices breaking above the upper range of Bollinger Bands is a hopeful sign; bitcoin appears poised to trade flat.<\/p>\n\n\n\n

4. BlackRock Adds Bitcoin to Global Allocation Fund<\/p>\n\n\n\n

\u2013 BlackRock is now providing Bitcoin exposure to the ordinary and passive investors of its Global Allocation Fund.<\/p>\n\n\n\n

5. Binance Controlled 92% of Bitcoin Spot Trading Volume at End of 2022: Arcane Research<\/p>\n\n\n\n

\u2013 A summer move to eliminate bitcoin trading fees and the collapse of rival exchange FTX pushed even more investors to the Binance platform.<\/p>\n\n\n\n

6. Marathon Digital, Coinbase Lead Bounce for Crypto-Related Stocks<\/p>\n\n\n\n

\u2013 Modest gains across cryptocurrencies were enough to jump start a rally in the beaten-down shares.<\/p>\n\n\n\n

7. Ethereum in 2023: Here\u2019s What to Look Forward To<\/p>\n\n\n\n

\u2013 Staked ETH withdrawals, scalability and more cool events are on the horizon for Ethereum.<\/p>\n\n\n\n

8. Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000% for Solana Liquidity Providers<\/p>\n\n\n\n

\u2013 The meme coin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.<\/p>\n\n\n\n

9. Ether-Bitcoin Ratio on Bullish Path After Triangle Breakout, Trader Says<\/p>\n\n\n\n

\u2013 We could see a bear in disbelief rally in ether in coming weeks, Decentral Park\u2019s Lewis Harland said.<\/p>\n\n\n\n

10. Crypto Markets Start Year on Positive Note After Horrendous 2022<\/p>\n\n\n\n

\u2013 The governance token of the Lido decentralized autonomous organization surged 26% so far in 2023, while bitcoin and ether have held steady after last year\u2019s steep losses. Some 142 assets of 163 assets in the CoinDesk Market Index are trading higher in the new year.<\/p>\n\n\n\n

11. Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular<\/p>\n\n\n\n

\u2013 Total transactions on the Ethereum network outstripped Bitcoin more than fourfold, but Bitcoin was still the most searched cryptocurrency of 2022.<\/p>\n\n\n\n

12. Bitcoin volatility may return in \u2018catch up\u2019 with gold in 2023<\/p>\n\n\n\n

\u2013 Both stocks and gold are leading the way when it comes to new year gains, but can Bitcoin match them?<\/p>\n\n\n\n

13. Solana\u2019s SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest<\/p>\n\n\n\n

\u2013 Bonk was airdropped to several Solana NFT projects and has steadily gained interest among holders.<\/p>\n\n\n\n

14. Ethereum\u2019s Upcoming Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher<\/p>\n\n\n\n

\u2013 Governance tokens of top liquid staking products rally as Ethereum\u2019s Shanghai upgrade is set to \u201cde-risk\u201d ether staking by opening ETH withdrawals.<\/p>\n\n\n\n

15. Crypto exchange adoption boosts ENS registrations to over 2.2M<\/p>\n\n\n\n

\u2013 Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants.<\/p>\n\n\n\n

16. Dogecoin Foundation announces new fund for core developers<\/p>\n\n\n\n

\u2013 The Dogecoin Foundation allocated 5 million DOGE, which is around $360,000 at the time of writing, to the development of the ecosystem.<\/p>\n\n\n\n

17. Vitalik Buterin highlights what he\u2019s bullish about for 2023<\/p>\n\n\n\n

\u2013 The Ethereum co-founder expects to reach a new milestone for rollups this year.<\/p>\n\n\n\n

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

Tax-Loss Harvesting Platform Unsellable is Building \u2018The World\u2019s Largest Collection of Worthless NFTs<\/p>\n\n\n\n

\u2013 The platform has so far purchased over 9,300 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.<\/p>\n\n\n\n

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

1. Lido overtakes MakerDAO and now has the highest TVL in DeFi<\/p>\n\n\n\n

\u2013 A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum\u2019s shift to proof-of-stake.<\/p>\n\n\n\n

2. Defying expectations: After an uncertain year, DeFi has high hopes for 2023<\/p>\n\n\n\n

\u2013 DeFi had several key moments through 2022, but how is it expected to evolve in 2023?<\/p>\n\n\n\n

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

1. CME Group and CF Benchmarks Teams Up to Launch New Metaverse Reference Rates<\/p>\n\n\n\n

\u2013 The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.<\/p>\n\n\n\n

2. How AI Could Solve the Metaverse\u2019s Language Problem<\/p>\n\n\n\n

\u2013 Onemeta AI could solve a metaverse problem: real-time translation.<\/p>\n\n\n\n

3. How Smart TVs Could Help the Metaverse Crack the Mass Market<\/p>\n\n\n\n

\u2013 Web3 features are just beginning to appear on smart TVs, but they could become an on-ramp for general consumers.<\/p>\n\n\n\n

4. Microsoft Exec Says Metaverse Is Must-Have<\/p>\n\n\n\n

\u2013 Live from CES 2023 in Las Vegas, Nevada, the tech giant is looking to transform the customer experience and believes the future will be based on a hybrid model.<\/p>\n\n\n\n

5. Don\u2019t Write Off The Metaverse Just Yet, Tech Show Official Says<\/p>\n\n\n\n

\u2013 The metaverse remains a hot area among companies exhibiting at CES 2023, despite tepid interest so far in current consumer offerings from the likes of Facebook-parent Meta Platforms (META). However, it\u2019s enterprise applications for the metaverse that are drawing the most attention now.<\/p>\n\n\n\n

January 6, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe key to generating real value through Web3 is by providing solutions that allow others to generate value for themselves.\u201d  \u2013 Dakota Barnett, Founder of InvArch Weekly News Report: News 1. Here\u2019s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia \u2013 Prince Philip of Serbia outlines key ways in which Bitcoin promotes global […]<\/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":[129,8,70,28,130,131,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/336"}],"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=336"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/336\/revisions"}],"predecessor-version":[{"id":358,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/336\/revisions\/358"}],"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=336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}