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The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode.
More info: https://bit.ly/3XvOu0b
According to data from the project’s website, DJED’s reserve ratio currently stands at 488%, with 31.5 million ADA backing a total of 2.27 million DJED tokens in circulation.
More info: https://bit.ly/3xhacKJ
Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportunities.
More info: https://bit.ly/3YJQBhY
Domain name registrar Namecheap's email account was breached, resulting in a widespread phishing campaign aimed at stealing crypto from potentially thousands of its users.
The attack was traced back to SendGrid, the email platform used by Namecheap. Hackers utilized it to execute their phishing scheme. That account is now back under control.
More info: https://bit.ly/3XqFlpA
Cryptocurrency exchange Binance plans to continue supporting its Binance USD
stablecoin (BUSD) despite its issuer Paxos facing a stop order from American regulators.
According to Zhao, Paxos will continue to service BUSD and manage redemptions and has also made assurances of its reserves which have been audited by multiple parties. As a result of the enforcement action, the Binance CEO said that BUSD market cap will decrease over time and the exchange will explore non-USD based stablecoins.
More info: https://bit.ly/3E2mBWu
Brian Armstrong, the chief executive officer of the Coinbase cryptocurrency exchange, said on Twitter Monday that the company will “happily defend” its staking services in court against claims that they need to be classified as securities. Coinbase, which trades on the Nasdaq, is the biggest crypto exchange in the U.S. Its shares last traded at US$57.09 on Friday, down 2.5%.
More info: https://bit.ly/3HNZyzS
The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos — a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that Binance USD is an unregistered security.
More info: https://bit.ly/3xiYaQN
Binance, the biggest centralized cryptocurrency exchange by volume, has added zk-SNARKs' zero-knowledge proof system to its proof-of-reserves (PoR) verification system to attest that funds held on the platform are backed 1:1.
Currently, the PoR system supports verifying the exchange's reserves for 13 different crypto assets.
More info: https://bit.ly/3YmqpKf
It looks like Cupid has aimed his bow at the Cardano community this year as the team at Input Output has announced a major upgrade that is scheduled to take place on Valentine's Day.
Dubbed the "Valentine" upgrade, this technical feat will bring new Plutus SECP cryptographic primitives to the Cardano network.
More info: https://bit.ly/3IblaaS
The Securities and Exchange Commission’s move to charge crypto exchange Kraken with failing to register the offer and sale of its “crypto asset staking-as-a-service program” signals an aggressive new posture by the markets regulator over a key revenue stream for exchanges.
Kraken settled with the agency on Thursday afternoon, ending its staking program and agreeing to pay $30 million in disgorgement, prejudgment interest and civil penalties.
More info: https://bit.ly/40LkO1N
The crypto exchange informed the public that it is no longer able to provide its Bitcoin trading service, urging all customers to withdraw their funds from LocalBitcoins and then from their LocalBitcoins wallet, according to the service closure announcement posted on February 9.
More info: https://bit.ly/3YE24j6
MetaMask has integrated with Onramp .money, an Indian provider of crypto-to-fiat on-ramp services.
The integration will allow Indian users to purchase cryptocurrency directly within the MetaMask wallet app through Onramp .money's API, which supports local payment methods such as UPI and IMPS.
More info: https://bit.ly/3HN7uBw
Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market crash in 2022 won’t waver institutional interest in digital assets.
At a conference run by Afore Consulting, Demissie said Feb. 8 that the digital asset industry is “here to stay” as institutional investors have a strong interest in crypto.
"What we see is clients are absolutely interested in digital assets, broadly,” he said, according to a Feb. 8 report from Reuters.
More info: https://bit.ly/3S0GlzP
Brave announced via a Twitter thread on Feb 7, disclosing that the browser has now added support for SOL dApss following its partnership with the network. Brave will enable a wallet whereby sending, receiving, storing, and purchasing SOL-based tokens can be possible on the browser.
The aim behind the collaboration of enabling dApp support seems to be more of a push for adoption than an update.
More info: https://bit.ly/3JRdnA4
Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East region, as the LEAP conference in Riyadh, Saudi Arabia, highlights key topics in the industry.
On Feb. 7, a partnership ceremony was held at the conference, which acknowledged a new memorandum of understanding (MOU) between the Sandbox and the government of Saudi Arabia
More info: https://bit.ly/3JMlazg
According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the smallest denomination, gwei — increased by 29.27% in January 2023. The report compares gas prices from January to December 2022, noting an increase in user activity as a key indicator for the rise in average gas price from 19.2 gwei to 24.82 gwei month-on-month.
More info: https://bit.ly/3jH3ZEx
On Twitter, Brave made the announcement that Solana dApp support is now available on the browser. Brave users will now be able to connect to top Solana applications like Magic Eden, Orca, Jupiter Exchange and others to carry out their DeFi and NFT-related transactions
More info: https://bit.ly/3YiDUee
According to data from DefiLlama, the total value locked on the Cardano network started 2023 at around $49 million, and has since surged to now be close to the $104 million mark. The rise can be partly attributed to Cardano’s price appreciation, as the cryptocurrency moved from around $0.25 at the beginning of the year to roughly $0.39.
More info: https://bit.ly/3X8Y1Ko