It’s no secret that the crypto ecosystem is booming. These new digital assets are revolutionizing not only the financial system, but also many other sectors. In this article, discover the crypto recap of the week where we will come back to the essential news in the crypto universe of the last seven days.
Sam Bankman Fried, where is he at with the FTX debacle?
After several refusals of release, the names of the signers of the surety of his parole have been revealed. While SBF awaits trial at the family residence, the names of co-signers of his surety are now known. At the same time, new sanctions against him are piling up. A new report shows that the platform has harmed Africa.
Coinbase wants more security in Web 3
The trading giant strongly believes in Web3. To make it safer and more secure to explore, Coinbase offers its users a safe and more secure wallet. The new features that Coinbase wants to add to its crypto-wallet aim to improve the transparency and security of the blockchain.
El Salvador inspires its southern neighbours, Brazil follows
El Salvador’s decision to make bitcoin an official currency in the country had caused a lot of ink and saliva to flow. Several experts committed to the cause of traditional finance predicted the total collapse of its economy. They had it all wrong. To this day, these fears remain unfounded. The small Central American state would be even better than before. Having become crypto-freind, El Salvador wants to open a bitcoin embassy in Texas. In addition, the country inspires its neighbors in South America. This is the example of Brazil, which has taken a giant step in the adoption of crypto solutions.
Whitelists: this little-known term that makes you miss your chance
If you are an NFT collector or want to get into this market, it is important to know everything about whitelists. In French this whitelist gives early access to newly minted non-fungible tokens. The entry of these assets (NFT) into public institutions or museums bodes well for their valuation.
SEC, the police of the American financial markets do not flinch
The SEC keeps an eye on the entire financial market and doesn’t want to miss anything. On February 9, it announced the termination of the Kraken exchange staking service. The next day, the SEC Chairman issued a warning to crypto businesses during the show “ Squawk Box from CNBC. Now, crypto businesses must register with the Securities Exchange Commission. Moreover, it recently forced Paxos to stop issuing the BUSD stablecoin. As a result, US payment giant PayPal has decided to halt plans to launch a stablecoin with Paxos. In the meantime, Paypal Holding, Inc. has just unveiled its annual report in which it highlighted the completion of 22.3 billion transactions in 2022. This represents an increase of 16% compared to the published figures. for the year 2021.
Is this the end of the bear market?
If the crypto market signals were green towards the end of 2021, the year 2022 on the other hand proved to be much more difficult for investors. However, everything suggests that the bear market could end soon, before the next halving.
Could Ethereum dethrone Bitcoin and become the crypto leader?
Speaking on the CryptoBusy podcast recently, Coin Bureau’s Guy Turner explained that ETH has a chance to stand out among all cryptocurrencies. While few people view Ether as a financial stock, Turner talks about its potential and finds the asset bullish. The crypto analyst expects Ethereum to rise significantly to the point of dethroning bitcoin from its preeminence.
No news has been left out. And if you are, like us, interested in decentralized finance, what do you think of this universe and thefuture of bitcoin(BTC) ?
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