This week, we dive into the world of Blockchain to explore the latest trends and developments. From the newest regulations to cutting-edge projects, get ready to stay up to date.
Technology
India’s push to regulate crypto gains IMF, U.S. support at G20
https://www.reuters.com/business/finance/indias-push-regulate-crypto-gains-imf-us-support-g20-2023-02-25/
New York sues CoinEx, says crypto exchange failed to register with state
https://www.reuters.com/legal/new-york-sues-coinex-says-cryptocurrency-exchange-failed-register-with-state-2023-02-22/
India ties up with Singapore for its first real-time overseas payments link
https://www.reuters.com/technology/india-singapore-launch-real-time-link-cross-border-payments-2023-02-21/
DraftKings and PGA Tour Hit the Fairway with NFT Golf Game
https://nftplazas.com/draftkings-pga-golf/
Stablecoins Attract Scrutiny in SEC’s Drive to Control Crypto
https://www.wsj.com/articles/stablecoins-attract-scrutiny-in-secs-drive-to-control-crypto-12179e04
A Trader Says Code Allowed Him to Withdraw Millions From a Crypto Exchange. Prosecutors Say He Crossed a Line.
https://www.wsj.com/articles/a-trader-says-code-allowed-him-to-withdraw-millions-from-a-crypto-exchange-prosecutors-say-he-crossed-a-line-9f6ddbd7
Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector
https://finance.yahoo.com/news/liquid-staking-replaces-defi-lending-085901715.html
BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral
https://finance.yahoo.com/news/bnb-chain-second-largest-defi-133736342.html
US Drug Enforcement Agency Seized $1.8M From Binance in 2022
https://finance.yahoo.com/news/us-drug-enforcement-agency-seized-085554385.html
Crypto
IMF lays out crypto action plan, recommends against legal tender status
https://www.reuters.com/technology/imf-lays-out-crypto-action-plan-recommends-against-legal-tender-status-2023-02-24/
U.S. regulators warn banks to be on alert for crypto-related liquidity risks
https://www.reuters.com/business/finance/us-regulators-warn-banks-be-alert-crypto-related-liquidity-risks-2023-02-23/
SEC, New York regulator oppose Binance.US $1 billion deal for Voyager
https://www.reuters.com/markets/deals/sec-opposes-binanceus-1-bln-voyager-deal-coindesk-2023-02-23/
EU calls for fast-track crypto capital rules for banks
https://www.reuters.com/markets/europe/eu-calls-fast-track-crypto-capital-rules-banks-2023-02-20/
Sam Bankman-Fried Faces More Criminal Charges From Federal Prosecutors
https://www.wsj.com/articles/federal-prosecutors-bring-more-criminal-charges-against-sam-bankman-fried-c467b522
Sam Bankman-Fried’s Public Defense Shuns Traditional Legal Strategies
https://www.wsj.com/articles/sam-bankman-frieds-public-defense-shuns-traditional-legal-strategies-f348df96
Hong Kong’s Proposed Crypto Rules Seek Investor, Deposit Protection
https://www.wsj.com/articles/hong-kongs-proposed-crypto-rules-seek-investor-deposit-protection-a4bac857
Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far
https://finance.yahoo.com/news/weekly-market-wrap-bitcoin-lingers-135849788.html
Ethereum’s Regens Tend to Ethereum’s Public Goods
https://finance.yahoo.com/news/ethereum-regens-tend-ethereum-public-152404319.html
NFT
U.S. judge permits lawsuit claiming NBA Top Shot NFTs are securities
https://www.reuters.com/legal/us-judge-permits-lawsuit-claiming-nba-top-shot-nfts-are-securities-2023-02-22/
Friendsies NFT Collection Deletes Twitter After ‘Pause’ Announcement Spurs Rug Pull Accusations
https://finance.yahoo.com/news/friendsies-nft-collection-deletes-twitter-162549308.html
All You Need to Know About the Checks NFT Collection
https://nftplazas.com/checks-nft-collection/
Art Blocks and Bright Moments Launch Unique ‘Metropolis’ NFT Collection
https://nftplazas.com/art-blocks-bright-moments/
Crypto.com NFTs Bring Aid to Earthquake Victims in Turkey
https://nftplazas.com/crypto-turkey-victims/
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
https://cointelegraph.com/news/whale-sells-1-010-nfts-in-48-hours-in-largest-nft-dump-ever
Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype
https://cointelegraph.com/news/luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype
Crypto Veterans Acquire Blue Chip 0N1 Force NFT Collection
https://nftplazas.com/veterans-on1-force/
Starbucks NFT Rewards Program Hits Blistering New Highs
https://nftplazas.com/starbucks-rewards-program/
Cyber Crimes
Authorities in France Arrest Duo Involved in Platypus Exploit
https://finance.yahoo.com/news/authorities-france-arrest-duo-involved-081834905.html
Fake ChatGPT tokens are flooding the market as crypto scammers take advantage of the AI craze
https://finance.yahoo.com/news/fake-chatgpt-tokens-flooding-market-170712174.html
Investment Scams Drive $9bn in Fraud in 2022
https://www.infosecurity-magazine.com/news/investment-scams-drive-9bn-in/
Governments Targeted by Discord-Based Threat Campaign
https://www.infosecurity-magazine.com/news/governments-targeted-by-discord/
Police Arrest Trio in Multimillion-Dollar Extortion Case
https://www.infosecurity-magazine.com/news/police-arrest-trio/
Russian IT “Brain Drain” Decentralizes Cybercrime
https://www.infosecurity-magazine.com/news/russian-it-brain-drain/
Metaverse
3 Metaverse Gaming Cryptos to Buy Before They Skyrocket
https://finance.yahoo.com/news/3-metaverse-gaming-cryptos-buy-201546349.html
Top 6 Virtual Blockchain Worlds to Explore in 2023
https://nftplazas.com/top-virtual-worlds-2023/
Oncyber In-World Portals Set to Revolutionize the Metaverse
https://nftplazas.com/oncyber-portals-metaverse/
Venice Carnival Partners with Ready Player Me to Enter the Metaverse
https://nftplazas.com/venice-carnival-ready/
US formally ends fight against Meta’s purchase of VR content maker Within Unlimited
https://economictimes.indiatimes.com/tech/technology/us-formally-ends-fight-against-metas-purchase-of-vr-content-maker-within-unlimited/articleshow/98222741.cms
Colombia court moves to metaverse to host hearing
https://economictimes.indiatimes.com/tech/technology/colombia-court-moves-to-metaverse-to-host-hearing/articleshow/98237580.cms
MWC mobile tech fair to show off new phones, AI, metaverse
https://economictimes.indiatimes.com/tech/technology/mwc-mobile-tech-fair-to-show-off-new-phones-ai-metaverse/articleshow/98234750.cms
Web3 News
Headlines of the Week:
- Analysis: Stablecoin regulatory crackdown sends warning to industry (Reuters)
- Some FTX Customers Can Withdraw Their Money—in Japan, at Least (WSJ)
- DAOs Don’t Have to Be Completely Decentralized (YahooFinance)
- FTX’s crypto customers in Japan can now get their frozen money back as it
starts allowing withdrawals (YahooFinance) - Elon Musk’s cryptic tweet sees Doge gain amidst crypto downturn (YahooFinance)
- The Lost Wallet: A Web3 Game Taking the Metaverse by Storm! (NFTPlazas)
- Uniswap Allows NFT Trading in ‘Any Ethereum-Based Token’ (NFTPlazas)
- All Eyes on Riyadh as Web3 Delight Heads to Saudi Arabia (NFTPlazas)
This Week in the Market: (CoinMarketcap)
- The global crypto market cap is $1.07T, a 0.74% Increase over the last Day
- Bitcoin is at $23,424.40 and is Down 5.77% over the last 7 days
- Ethereum is at $1,639.60 and is Down 4.24% over the last 7 days
- BNB is at $305.08 and is Down 3.94% over the last 7 days
Key Dates/Events
- 27 February – 28 February – Blockchain Economy London Summit
- 8 March – 9 March – Crypto Expo
- 27 March – 29 March – FinTech India Expo
Accounts to Follow
This week we have mcuban, best known for his appearance on the American business reality show Shark Tank, Mark Cuban is an investor in the NFT marketplaces – Mintable and SuperRare, NFT tracker CryptoSlam. Mark has been considering turning game tickets into non-fungible tokens.
