• The recent decline in the crypto market could be attributed to the release of US manufacturing numbers and concerns surrounding the accessibility of banking services for crypto companies in the US. • Silvergate Capital has recently announced a delay in the submission of its annual report as it assesses Read more…
• The International Monetary Fund (IMF) and the United States have both shown support for India’s plan to coordinate global crypto regulation at the recent G20 meeting. • U.S. Treasury Secretary Janet Yellen said it was “critical” to put in place a strong regulatory framework but did not suggest any Read more…
• The Federal Reserve Bank of San Francisco is looking for a CBDC developer to research the technologies and systems related to central bank digital currencies. • The job posting requires experience designing, maintaining, and understanding cryptocurrencies, digital payments, and CBDCs. • Japan and Russia have joined the CBDC race Read more…
• On February 13, BTC/USD started trading at $21,796 and is now trading at $21,504. • The Central Bank of the UAE (CBUAE) has launched its Financial Infrastructure Transformation (FIT) program to facilitate the digital transformation of the financial sector. • The IMF issued a warning to El Salvador to Read more…
• Cathie Wood, CEO of Ark Invest, predicts that Bitcoin will reach $670,000 within 5 years. • She believes wealthy individuals can benefit greatly by investing in Bitcoin to protect their wealth from inflation. • Despite the major losses experienced by the cryptocurrency sector in the past year, ARK Investment Read more…
-Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been accused of trying to influence witnesses of his trial by sending messages via encrypted messaging software Signal. -The messages were sent to the current general counsel of FTX US, Ryne Miller, as well as “other current and former FTX employees.” -US Read more…
• The International Monetary Fund (IMF) has provided a five-point plan to regulate the cryptosphere, including licensing and registering crypto asset service providers, additional oversight of entities that carry out many different functions, strict prudential requirements for stablecoin issuers, clear requirements for established financial institutions that deal in cryptocurrencies, and Read more…
• Justin Sun has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG). • DCG lists more than 160 crypto companies in its portfolio, of which it has acquired 28. CoinDesk, Read more…
• Max Krupyshev, CEO of CoinsPaid, talks about crypto payment ecosystems, 2022 year in review, and trends to expect in 2023 • Highlights of the interview include lessons learned from the failures of Terra, FTX, Celsius, BlockFi, trends to expect in 2023 in terms of crypto adoption and crypto payments, Read more…
Bullet Points: • LG Electronics is intensifying its metaverse activities and partnering with Oorbit to allow LG smart TV owners to access virtual worlds. • LG will enable Blade Wallet users to buy and sell NFTs on LG smart TV devices using the LG Art Lab service. • LG U+ Read more…