This week in crypto, we take a look at what investors think about BTC's cost outlook, whether bitcoin's rally is petering out, and what Ethereum's growing deflation means for its cost. Digital asset mutual funds posted €32 million in net outflows last week amid a wave of regulatory actions by US authorities, as Reddit creator Alexis Ohanian claimed that cryptocurrencies and bitcoin "arrived for stay". Binance has reached an essential agreement with Ingenico to let clients of the service pay for resources and services in cryptocurrencies. Meanwhile, physical instruments recovered from the wreckage of the Titanic would be tokenized as NFTs, and Spotify was testing a new playlist feature developed for NFT holders.
Coinbase was expected to report a 45,2% decline in revenue for the fourth quarter of XNUMX, Galois Capital shut down its flagship fund after losing nearly half its capital in the FTX collapse, FTX the country of Japan restarted Withdrawals On Tuesday, FTX warned the public about fraudulent tokens issued by pools claiming to work on its behalf, and US Democrats returned less than three percent of Sam Bankman-Fried's €XNUMX million donation. On top of this, S. Korea prosecutors applauded the "significant" charges brought against Terra's Do Kwon by the US SEC, while the regulator's legal filing against Terraform Labs and Do Kwon "could assist S. Korean Prosecutors v. Kwon".
While this was going on, Paxos was in talks with the US SEC over its resolution to value BUSD as a security, the US FTC announced that it was looking into Voyager Digital for "false and unfair marketing" of crypto. , a French lawmaker denied being paid to encourage a crypto scam at the National Meeting, US congressman Tom Emmer introduced a bill to prevent the Federal Reserve from issuing a CBDC, and Moscow authorities detained a British citizen accused of assisting N. Korea in evading crypto sanctions. Hong Kong authorities have set aside €3 million to boost the city's WebXNUMX scene, and the city has outlined plans to let retail investors trade digital currencies on authorized exchanges. Zambia has begun testing technology to regulate cryptocurrencies with the aim of becoming a regional hub, as a noted Russian economist says central banks will ultimately determine the fate of cryptocurrencies.
Meanwhile, PeckShield found a number of scam tokens seeking to capitalize on the foolishness of the ChatGPT AI chatbot, a report claimed CryptoQueen's Ruja Ignatova was murdered by a drug gangster on a yacht in Greece, South Korean police S. arrested thirty people for an alleged €XNUMX million crypto scam and up to forty alleged cryptocurrency scammers were being prosecuted in China, as cybercrime, cryptocurrency scams and ransomware attacks were on the rise in Portugal .
Funny time! Laugh and have a good weekend.