{"id":433,"date":"2022-12-24T11:00:31","date_gmt":"2022-12-24T11:00:31","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=433"},"modified":"2023-06-06T04:49:53","modified_gmt":"2023-06-06T04:49:53","slug":"weekly-headlines-2022-12-w4","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2022\/12\/24\/weekly-headlines-2022-12-w4\/","title":{"rendered":"Weekly Headlines 2022.12 W4"},"content":{"rendered":"\n

\u201cSome legitimate concerns and questions remain around the future of crypto. It might be a volatile industry, but the technologies developed behind it are incredible.\u201d  <\/em><\/strong>\u2013 Paolo Ardoino, Bitfinex and Tether CTO<\/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. Sam Bankman-Fried Released on $250M Bail Secured by Parents<\/p>\n\n\n\n

\u2013 In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto house.<\/p>\n\n\n\n

2. Brazil\u2019s President Signs Crypto Regulations Into Law<\/p>\n\n\n\n

\u2013 Companies in the sector will have 180 days to adapt to the new rules.<\/p>\n\n\n\n

3. Coinbase secures VASP registration in Ireland<\/p>\n\n\n\n

\u2013 Operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup.<\/p>\n\n\n\n

4. Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders<\/p>\n\n\n\n

\u2013 The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.<\/p>\n\n\n\n

5. Sam Bankman-Fried to be Extradited to the U.S.<\/p>\n\n\n\n

\u2013 The former CEO of collapsed crypto exchange FTX could arrive in New York to face charges as early as Wednesday afternoon.<\/p>\n\n\n\n

6. Sam Bankman-Fried Reportedly Set for Extradition to the U.S.<\/p>\n\n\n\n

\u2013 A hearing in The Bahamas is set for Wednesday morning, and Bankman-Fried will fly to the U.S. the same day.<\/p>\n\n\n\n

7. Central African Republic Delays Crypto Coin Listing to 2023<\/p>\n\n\n\n

\u2013 The country was one of the first to declare bitcoin as legal tender.<\/p>\n\n\n\n

8. FTX Has Over $1B in Cash, Creditor Meeting Told<\/p>\n\n\n\n

\u2013 Unwinding the collapsed crypto company has been made more difficult by poor record-keeping.<\/p>\n\n\n\n

9. Nigeria to Recognize Crypto as Investment Capital: Report<\/p>\n\n\n\n

\u2013 A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country\u2019s securities regulator, an official has said.<\/p>\n\n\n\n

10. Boris Johnson\u2019s Brother Quits as Binance Adviser<\/p>\n\n\n\n

\u2013 Binance has struggled to launch operations in the U.K. and may be facing money laundering charges from the U.S.<\/p>\n\n\n\n

11. Binance.US Agrees to Buy Voyager\u2019s Assets for $1.02B<\/p>\n\n\n\n

\u2013 The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager\u2019s assets.<\/p>\n\n\n\n

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

1. HK legislator\u2019s firm to lure 1,000 Web3 start-ups over 3 years<\/p>\n\n\n\n

\u2013 G-Rocket is aiming to attract 1,000 Web3 start-ups to Hong Kong and will help them with banking, government services and office spaces.<\/strong><\/p>\n\n\n\n

2. UK\u2019s Financial Services and Markets Bill Should be Passed by Spring 2023, Treasury Says<\/p>\n\n\n\n

\u2013 The Financial Services and Markets Bill that is currently being debated will give regulators more power over crypto.<\/strong><\/p>\n\n\n\n

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

1. Economic frailty could soon give Bitcoin a new role in global trade<\/p>\n\n\n\n

\u2013 Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead.<\/p>\n\n\n\n

2. Top-five most Googled cryptocurrencies worldwide in 2022<\/p>\n\n\n\n

\u2013 Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.<\/p>\n\n\n\n

3. Crypto Funding Plunged in 2022, but VC Head Sees Areas of Opportunity for 2023<\/p>\n\n\n\n

\u2013 CoinFund\u2019s David Pakman talks FTX, DeFi and the way forward.<\/p>\n\n\n\n

4. 2023 Will Be the Death of Bitcoin Energy FUD<\/p>\n\n\n\n

\u2013 It\u2019s becoming increasingly difficult to ignore how green bitcoin mining can combat climate change.<\/p>\n\n\n\n

5. Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG<\/p>\n\n\n\n

\u2013 The report was written by Bitcoin-focused investment firm, New York Digital Investment Group.<\/p>\n\n\n\n

6. 2023 Should Be the Year of On-Chain User Security<\/p>\n\n\n\n

\u2013 If crypto does not get its house in order, regulators will do it for them.<\/p>\n\n\n\n

7. How Regenerative Finance Is Bringing Sustainability to Crypto<\/p>\n\n\n\n

\u2013 As the crypto industry surveys the ruins of 2022, it must refocus on its core promises and once again seek ways to add tangible and sustainable value.<\/p>\n\n\n\n

8. Consumers are crypto-curious \u2014 One in five own digital currency: Accenture<\/p>\n\n\n\n

\u2013 An end-of-the-year report from Accenture showed that despite traditional payment methods dominating many markets, consumers are curious about crypto.<\/p>\n\n\n\n

9. Pantera CEO on the FTX collapse: \u2018Blockchain didn\u2019t fail\u2019<\/p>\n\n\n\n

\u2013 Pantera Capital CEO Dan Morehead argued that the FTX collapse has nothing to do with the promise of blockchain technology.<\/p>\n\n\n\n

10. Vitalik Buterin reveals 3 \u2018huge\u2019 opportunities for crypto in 2023<\/p>\n\n\n\n

\u2013 There\u2019s still plenty of room for innovation, according to Ethereum co-founder Vitalik Buterin.<\/p>\n\n\n\n

11. Blockchain VC funding surpasses 2021 total despite declining since May<\/p>\n\n\n\n

\u2013 After a tumultuous year in crypto, investors are now more selective with their funding.<\/p>\n\n\n\n

12. ReFi Is Going Mainstream<\/p>\n\n\n\n

\u2013 The successful Ethereum Merge is just the start of a growing movement to leverage crypto rails to fight climate change.<\/p>\n\n\n\n

13. Coinbase\u2019s Slump to All-Time Low Sends Market Cap Below Dogecoin<\/p>\n\n\n\n

\u2013 The crypto exchange has dipped another 17% over the past 30 days, bringing its year-to-date plunge to more than 85%.<\/p>\n\n\n\n

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

World Cup Fan Tokens, NFTs See Heavy Volume After Argentine Victory<\/p>\n\n\n\n

\u2013 Messi NFTs on the Ethernity NFT marketplace see major resales.<\/p>\n\n\n\n

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

DeFi Project Popsicle\u2019s ICE Token Triples as Controversial Wonderland Founder Returns<\/p>\n\n\n\n

\u2013 The sudden price surge of Popsicle\u2019s ICE native token coincided with the controversial blockchain developer Daniele Sestagalli revealing his return to rebuild the project.<\/p>\n\n\n\n

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

Mercedes-Benz Hints at Metaverse, NFT Plans in Trademark Filing<\/p>\n\n\n\n

\u2013 Mercedes may join Lamborghini among automakers competing for metaverse space.<\/p>\n\n\n\n

DAO  <\/strong><\/p>\n\n\n\n

Marshall Islands legally recognizes DAOs as domestic limited liability companies<\/p>\n\n\n\n

\u2013 The law enables legal entities registered in the country to formally adopt DAO structures and governance tools.<\/p>\n\n\n\n

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

1. International Chess Federation Checks Into Web3 With Avalanche Integration<\/p>\n\n\n\n

\u2013 The global chess authority is looking to onboard the game\u2019s 500 million players into Web3 with the new partnership.<\/p>\n\n\n\n

2. Brand Building On-Chain: Why Marketers Are Shifting Investment Into Web3<\/p>\n\n\n\n

\u2013 2022 was a year of upheaval in crypto. It also marked a turning point for advertisers.<\/p>\n\n\n\n

3. Metaverse-First Blockchain Lamina1 Launches Rolling Fund for Web3 Builders<\/p>\n\n\n\n

\u2013 The layer 1 blockchain is the brainchild of Neal Stephenson, who coined the term \u201cmetaverse\u201d in 1992, and Peter Vessenes, co-founder of the Bitcoin Foundation.<\/p>\n\n\n\n

4. Game developers expect to work on Web3 games in the future: Survey<\/p>\n\n\n\n

\u2013 A new survey shows that developers believe integrating Web3 will have an impact on user acquisition and retention.<\/p>\n\n\n\n

5. Polygon Founder Unveils Web3 Accelerator Beacon<\/p>\n\n\n\n

\u2013 The accelerator aims to connect founders with potential investors.<\/p>\n\n\n\n

6. Elon Musk\u2019s Twitter Mistakes Prove Web3\u2019s Point<\/p>\n\n\n\n

\u2013 Social media has tended towards monopolization. Are we seeing the advent of a new type of \u201cnetwork effect?\u201d<\/p>\n\n\n\n

December 23, 2022<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cSome legitimate concerns and questions remain around the future of crypto. It might be a volatile industry, but the technologies developed behind it are incredible.\u201d  \u2013 Paolo Ardoino, Bitfinex and Tether CTO Weekly News Report: News 1. Sam Bankman-Fried Released on $250M Bail Secured by Parents \u2013 In his first court appearance since being extradited from the […]<\/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":[95,8,17,53,132,14,133,118,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/433"}],"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=433"}],"version-history":[{"count":2,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"predecessor-version":[{"id":448,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/433\/revisions\/448"}],"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=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}