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The top financial regulator of Japan indicated that 2023 could see some positive changes with regard to major stablecoins. These include Tether USD (USDT), USD Coin (USDC) etc.
According to Japanese local media, the Financial Services Agency is set to lift its controversial ban on domestic distribution of stablecoins issued overseas in 2023.
More info: https://bit.ly/3HZGtMR
Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), said it requested a 24-hour suspension of U.S. trading. U.K. markets are closed Tuesday.
On Dec. 12, the company said it was close to restructuring without having to declare bankruptcy. At that time, it said it was in advanced negotiations to sell some of its assets and carry out an equipment financing transaction to strengthen its balance sheet and improve its liquidity.
More info: https://bit.ly/3PWkHLV
Investment giant Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a nonfungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.
This is according to three trademark filings submitted to the United States Patent Trademark Office (USPTO) on Dec. 21, which was highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet.
More info: https://bit.ly/3GirBbc
Cardano founder Charles Hoskinson has shared his thoughts on ADA not being listed on the Gemini crypto exchange. Where such an exchange not listing a high-ranking digital asset such as ADA would usually draw criticism, Hoskinson does not seem to mind this and instead welcomes it.
More info: https://bit.ly/3PWFOxq
DeGods and y00ts, two of the leading non-fungible token collections on Solana, have announced plans to bridge to Ethereum and Polygon early next year, the teams announced on Twitter.
More info: https://bit.ly/3YOo1wF
Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions.The potential deal has fallen through after six long months of dialogue, according to a source with direct knowledge of the matter.
Nexo and Vauld had been in discussions for a potential deal since early July when Vauld halted client withdrawals after facing a severe liquidity crunch.
More info: https://bit.ly/3Wn3gqn
Blockchain security firm Peckshield reported that roughly $8 million of BitKeep users’ funds were stolen via a hacked APK version of the crypto wallet.
The BitKeep team confirmed the exploit on its official Telegram account and said the hackers hijacked some APK package downloads, which resulted in the loss of funds for its users.
More info: https://bit.ly/3WKejtu
Having hit a peak of 142,788 BTC on Nov. 14, outflows from the trading platforms tracked by Glassnode have declined over ten times.
On Dec. 25, the latest date for which numbers are available, total exchange outflows came in at just 9,352 BTC — a drop of 93.5%.
More info: https://bit.ly/3YMcn5n
Coinbase says it will focus on upgrading the safety of its proprietary crypto wallet as bad actors have recently been airdropping tokens into user wallets, attempting to lure them into websites that would compromise their safety.
The crypto exchange giant says it will focus on non-fungible tokens (NFTs) as a means of furthering crypto adoption. According to the blog post, Coinbase plans to bolster users’ access to NFT marketplaces as well as development tools.
More info: https://bit.ly/3hNqbvZ
The Cardano ecosystem continues to roll out innovations that will play a major role in its development in 2023. One such innovation is Carp, a new Cardano SQL indexer and replacement for dbSync. The tool released by product-based blockchain company dcSpark allows anyone to run a local price indexer for Cardano native assets. According to dcSpark, the tool does this entirely from on-chain data and does not require a third-party API.
More info: https://bit.ly/3GgJ17V
Korean news outlet Digital Asset reports today that Do Kwon is believed to have cashed out Bitcoins for the first time after fleeing to Serbia. The report says he disbursed 9.64 BTC, the equivalent of $120,000. For this, Do Kwon allegedly made use of the LFG Luna Foundation Guard wallet. This is shown by on-chain data, news media outlet, Digital Asset, claims.
More info: https://bit.ly/3Vhhfwl
Proximity Labs has developed the first non-Ethereum Virtual Machine (EVM) blockchain solution compatible with Metamask — a popular Ethereum wallet. Compatibility is achieved through a smart contract developed by Proximity Labs called NETH, according to a company statement.
NETH is deployed on the NEAR blockchain and enables direct interaction with NEAR decentralized applications (DApps) using Ethereum wallets like Metamask.
More info: https://bit.ly/3FKAXee
The Japanese securities, banking, and crypto heavyweight SBI and the Tokyo Stock Exchange-listed gaming firm Square Enix have announced a crypto gaming M&A deal. The companies have signed a share purchase deal for Gumi, an up-and-coming crypto and blockchain gaming company.
The deal is worth around $53 million – and both SBI and Square Enix now plan to make significant moves in the crypto and blockchain gaming space.
More info: https://bit.ly/3jrpSHk
According to analysis by institutional research firm Delphi Digital, Solana has become the number two ecosystem for NFTs. The 30-day sales volume metric has topped $50 million, according to Cryptoslam data. Other NFT networks such as ImmutableX, Cardano, Polygon, Flow, and BNB Chain are way behind. As of Dec. 8, Solana NFTs had $60 million in 30-day sales volume, which is more than 4x the next ecosystem, ImmutableX.
More info: https://bit.ly/3YHCn1R
Brazilian President Jair Bolsonaro on Thursday morning signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU).
More info: https://bit.ly/3WA9GlE
FTX's exchange token FTT was sold as an investment contract, and is a "security," the U.S. Securities and Exchange Commission said in a complaint filed late Wednesday, in a move that is sure to have a wide-ranging impact on the industry.
More info: https://bit.ly/3FQIQPp
Polygon launched its second testnet, saying it’s the final step before its mainnet launch. The second testnet includes a new upgrade it claims could exponentially increase scalability.
More info: https://bit.ly/3WAtN2R
Social media platform Twitter has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab. The new feature is an improvement of "$Cashtags" and was announced by the Twitter Business account on Dec. 21.
More info: https://bit.ly/3vdfaHj