NFTs could be a good source of demand until digital assets are fully adopted as money, and the potential to accelerate Bitcoin’s next rise cannot be ignored – digest of the top news of the week I look back.
The Ordinals Protocol has sparked a resurgence of interest in Bitcoin (BTC), leading to an increase in average block size as more users join the network, according to a report released Feb. 3 by research firm FSInsight. It is said that it is connected to
Ordinals is a new protocol that allows non-fungible tokens (NFTs) to be stored on the Bitcoin blockchain.
Damus, a Jack Dorsey-backed Twitter alternative that integrates Bitcoin’s Lightning network, has been removed from Apple’s Chinese App Store, according to Damus’ tweet. became clear.
SBI Digital Asset Holdings announced on February 3 that it will establish a joint venture with Zodia Custody, established by SC Ventures, the venture investment and incubation division of Standard Chartered Bank, a major British bank. Based in Japan, it will provide crypto asset custody (management and storage) services for institutional investors.
Index protocol The Graph (GRT) surpassed the $1 billion market cap again on February 5, according to data from CoinMarketCap. The rise reflects strong growth in the ecosystem in 2022, especially in Q4.
Investment firm Bernstein said in a research report released on February 6 that interest in non-fungible tokens (NFTs) has increased in the wake of a mini-game by Yuga Labs. ETH) has seen very healthy on-chain activity recently.
Check Point Research (CPR), the threat intelligence arm of cybersecurity giant Check Point Software Technologies, published a blog on February 6 pointing out the Dingo Token cryptocurrency as a scam. Published.
Digital Currency Group (DCG) intends to sell not only the crypto-lending unit of its subsidiary Genesis, which is undergoing a bankruptcy restructuring, but also its trading business, according to a Genesis lawyer. said on Feb. 6 when the company revealed the deal with its creditors.
Cryptocurrency exchange Binance has introduced a tool to help users calculate taxes on cryptocurrency transactions as governments tighten their taxes on cryptocurrencies. .
Soramitsu announced on February 6 that it has signed a memorandum of understanding (MOU) with the Lao Central Bank Payments and Payments Department for a proof-of-concept (PoC) of the central bank digital currency (CBDC).
On February 6, Fujitsu will use Web3 elemental technologies to launch the “Fujitsu Web3 Acceleration Platform,” an environment and place where people can connect with trust in the digital space. It announced that it will be provided free of charge after the end of the fiscal year.
In Dubai, the issuance of anonymity-enhancing crypto assets (virtual currencies) such as Zcash (ZEC) and Monero (XMR) and all related activities will be banned under a new law announced on February 7.
According to a United Nations report, North Korea stole a record amount of crypto assets in 2022. Reuters reported on Feb.
Digital Currency Group (DCG) has begun selling several investment products run by its subsidiary crypto asset management firm Grayscale at significant discounts. The Financial Times reports, citing securities reports.
CoinCloud, which operates more than 4,000 Bitcoin (BTC) ATMs in the U.S. and Brazil, has filed for Chapter 11 bankruptcy with an estimated debt of $100-500 million. applied.
Crypto asset (virtual currency) custody technology provider Metaco has hired former IBM crypto asset specialist Peter DeMeo. The company has also made several key hires to weather the tough market conditions and prepare itself to drive the next phase of large-scale crypto adoption.
Ethereum’s “Shanghai” upgrade, scheduled for mid-March, will boost the staking ratio in the medium term, JPMorgan said in a Feb. 8 report.
Chillies (CHZ), which allows fans to own blockchain-based tokens tied to sports teams, has announced in a blog post that it has verified a new Layer 1 blockchain generating block.
On Feb. 8 on CoinGecko, five of the top six trending crypto assets (virtual currencies) had something in common. All related to AI (artificial intelligence). Cryptocurrency is the hottest area right now.
Coinbase CEO Brian Armstrong says he has heard rumors that the SEC wants to ban retail investors from staking crypto assets. .
The trial of luxury brand Hermès v NFT artist Mason Rothschild reached a verdict on February 8 after several days of deliberations by a nine-member jury.
Aerial Partners, known for its crypto asset tax return service Guardian, announced on February 8 that it has acquired the crypto asset comprehensive app Coin Market from COINJINJA.
Tron Blockchain has committed more than $100 million to teams leveraging AI in its blockchain applications as artificial intelligence (AI) becomes a hot topic among investors. announced.
Bitcoin NFTs are gaining popularity and prices for projects similar to CryptoPunks are skyrocketing. “Ordinal Punks.” According to a tweet late on February 8, one of the Ordinal Punks, “Punk 94,” traded for 9.5 Bitcoins (BTC), about $214,000.
Cryptocurrency exchange Binance is supporting the establishment of a consortium aimed at restoring confidence in the industry and will take an active role in upcoming regulations, according to people familiar with the plan. said the person.
Crypto asset (virtual currency) exchange Kraken “immediately” suspended its crypto asset staking service for U.S. customers on February 9, accusing the SEC of offering unregistered securities. ) announced that it will pay 30 million dollars (about 3.9 billion yen) as a settlement money.
ForN, which has a partnership with the Web3 game platform YGG Japan, announced on February 9 that it will hold a Web3 game pitch contest “SHAKE! TOKYO (provisional)” in May 2023. The main sponsor is LINE GAME.
The settlement with the U.S. Securities and Exchange Commission (SEC) over Kraken’s liquid staking platform has spurred a decline in the cryptocurrency market, with implications for futures traders betting on further growth in this market. I felt it the most.
｜Text and editing: coindesk JAPAN editorial department