This Week in Crypto: Bitcoin miners braced for another harsh adjustment amid market uncertainty, BTC's correlation to US stocks declined, a key indicator of bitcoin market profitability turned bearish , Coinbase exec says altcoins are attracting significant interest from institutional investors amid BTC and ETH dominance, Belgian Central Bank Governor says crypto winter “is good news for us”, and Arthur Hayes proposed a stablecoin backed by Bitcoin. Meanwhile, Paul Krugman stirred up the crypto community with his recent comment about blocking Venmo.
Then Silvergate began the voluntary liquidation process, Kraken made its foray into banking with the formation of Kraken Bank, Mt. Gox creditors are required to register a payment method by March 10, and the trust fund reportedly Investment Mt Gox has no intention of selling the tokens. It should be received by the end of this year. Voyager Digital has been given the green light to sell its assets to Binance.US, Binance and Binance.US are believed to be more closely related than previously disclosed, and Binance has approached US SEC Chairman Gary Gensler , in 2018-2019 to become a business consultant. . Babel Finance was working on a new plan to raise funds through a stablecoin, and Celsius was scouting new buyers despite an offer on the table, while the bankrupt 3AC founders completed a funding round for their new exchange. . Alameda Research filed a lawsuit against Grayscale Investments, the legal costs of FTX's bankruptcy in January alone reached €38 million, the Singapore authorities launched an investigation into Do Kwon's Terraform Labs and the US SEC announced an "emergency action" against BKCoin and its co-founder of "Ponzi-like conduct.
The blockchain industry got a boost when two US companies raised €100 million for a crypto fund, and crypto payroll firm Toku raised €20 million in an industry-wide fundraising move toward compliance. NFTs could soon be available on Amazon with reported plans to launch a new platform, Sotheby's was hosting an auction titled "My Body, My Business" in honor of International Women's Day, while Spain was leading the way in real estate. cryptographic. sales sector Nubank then made headlines by hiring David Marcus, the former head of crypto at Meta.
Meanwhile, JD.com and the Bank of China have joined the "cross-border" digital yuan pilot project between Hong Kong and mainland China, and the BRI has completed a trial of cross-border payment CBDCs in collaboration with Norwegian central banks. . , Sweden and Israel. . Speaking of Israel, its tax authority has arrested two NFT creators on charges of tax evasion and money laundering. In the United States, the Federal Reserve Chairman has said the central bank does not want to impede crypto innovation, and President Joe Biden has proposed major changes to cryptocurrency-related tax rules. South Korea is launching a new cybercrime task force to crack down on cryptocurrency scams, and a 14-year-old girl has been arrested on suspicion of buying methamphetamine with cryptocurrency.
Let's laugh at some jokes now.