Bitcoin
Bitcoin has gained significant traction in the US as it surpasses Silver to become the second-largest ETF commodity. This milestone follows the approval of the Securities and Exchange Commission (SEC).
Ethereum
Fidelity’s Spot Ethereum ETF proposal has faced a delay in its approval process. The United States SEC has extended its decision until March 5th, leaving investors eagerly awaiting the outcome.
DeFi
Uniswap, a decentralized exchange, has allocated $300,000 for the development of its V4 front-end. This investment aims to improve user experience for new pool launchers and liquidity providers.
Altcoins
The Algorand blockchain has successfully implemented the Dynamic Lambda upgrade, reducing block time by 20%. Additionally, the stablecoin TrueUSD (TUSD) has experienced a depeg, losing value compared to USDT.
Technology
Ripple is actively promoting the institutional use of XRP by presenting the advantages of the XRP Ledger (XRPL) to Franklin Templeton. This engagement aims to showcase the benefits of using XRP in asset management.
Solana Mobile is reportedly planning to release a new smartphone with updated hardware. This move aims to provide users with a more affordable alternative to their existing Saga smartphone.
Business
The IRS and the US Treasury Department have temporarily postponed crypto reporting requirements. This decision aims to alleviate the burden on businesses managing cryptocurrency-related transactions.
Binance Thailand, a joint venture between Binance and Gulf Innova, has opened trading to the public. Gulf Binance operates this venture, providing users in Thailand with access to crypto trading.
Bankrupt crypto lender Celsius has initiated a process to repay creditors by transferring $125 million worth of ETH to crypto exchanges.
NFT
Donald Trump’s NFT collection, known as Trump Digital Trading Card NFTs, is being minted on the Bitcoin Ordinals platform. This move allows Trump to join the world of non-fungible tokens and benefit from their popularity.
OpenSea is planning a platform upgrade, OpenSea 2.0, to enhance user experiences and differentiate NFT categories. This development aims to provide a more streamlined and user-friendly NFT marketplace.
Security
Bitfinex, a crypto exchange, successfully foiled an attempt to exploit $15 billion worth of XRP tokens. The platform resolutely defended itself against a partial payments exploit, ensuring the safety and security of user funds.
CBDC
Former US President Donald Trump has made a firm declaration against the creation of a central bank digital currency (CBDC) in the United States. He firmly states that he will not allow the implementation of such a currency.
Regulation
Ripple’s legal team has challenged the SEC’s request to examine additional financial documents, deeming it irrelevant and untimely. They are actively contesting the SEC’s demands in court.
The trial of former Terraform CEO Do Kwon has been postponed until March to ensure a joint trial for both Do Kwon and Terraform Labs. The SEC concurs with this decision to maintain fairness and efficiency in the legal proceedings.
A UN report has shed light on Tether and its alleged involvement in money laundering and fraud in Southeast Asia. Tether’s role as a currency of choice for illicit activities is under scrutiny.
Hot Take: Donald Trump Dismisses CBDCs
Former President Donald Trump has strongly voiced his opposition to the creation of a central bank digital currency (CBDC) in the United States. With his statement, Trump makes it clear that he will not support the implementation of a CBDC during his tenure. This declaration aligns with his stance against excessive government involvement in financial matters. While the crypto world continues to evolve, it remains uncertain how Trump’s anti-CBDC sentiment will impact the future of digital currencies in the United States.
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