It's time to look back at the week behind us. Bitcoin trading volume over 4 market dips suggests sellers are giving up, MicroStrategy acquired an ancillary XNUMX BTC for €XNUMX million, Litecoin released its long-awaited MWEB fungibility and scalability upgrade, and Luna surged as Terra demanded €XNUMX million from the community to finance an undisclosed sports association. Fidelity claimed that Bitcoin is “essentially different” from other cryptocurrencies and not likely to be replaced, while Meta is expected to say goodbye to Diem, although buyer Silvergate Capital could launch its stablecoin. Meanwhile, Woori Bank has started to support blockchain-based driver's licenses as an official form of authentication. It then emerged that Wormhole had lost €XNUMX million in the fourth largest crypto hack. Meanwhile, Caribbean CBDC has been offline for more than a couple of weeks due to technical issues.
In the world of exchanges and wallets, BitMEX delivered BMEX XNUMX million to its users and launched the litepaper, S. Korea crypto exchanges seek to retain staff with huge Lunar New Year bonuses, and FTX prepares to move to Japan through the acquisition of Liquid Group. , while the Ontario Teachers Pension Plan Board continues to invest in FTX, which is not available in Ontario. Trezor abandoned a disputed KYC role, planning functions to “reduce regulatory scope,” and former FinCEN officials requested calm once the US Treasury's “unhosted wallet” regulatory proposal returns. When it comes to NFTs, Kanye West won't be releasing any, at least for the time being, Pak is going to work with Julian Assange to release a 'censored' NFT compilation, and when the €XNUMXbn in NFT transactions were suppressed Washed away from LooksRare, OpenSea continued to be the dominant NFT. market.
India's finance minister has fueled hopes of cryptocurrency legalization with a new tax proposal, while the finance secretary asserted that crypto regulation in India remains an ongoing debate. The Central Bank of Russia still wants to ban bitcoin and cryptocurrency mining despite the backlash, and the Finance Ministry says a commitment on cryptocurrency regulation is coming "in a month." El Salvador tries to reboot its Chivo app by partnering with US-based AlphaPoint, and Lebanon is reportedly planning to forcibly convert its foreign currency holdings into Lebanese pounds, again making a case for bitcoins. Reports have indicated that the IRS is now ready to refund a couple's XTZ gambling tax bill, and the UK has updated its guidelines on DeFi refunds. Meanwhile, the Year of the Tiger could be the Year of the Digital Yuan, as China celebrates with increased adoption of CBDCs. While all this was going on, 2 men who bugged a crypto vlogger's coffee to steal crypto were sent to jail for three years.
Now the jokes for the pleasure of your weekend laugh.