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Lending protocol Venus has a total locked value of $800 billion as of Friday. The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek out strategic partnerships that ultimately benefit the token’s value. Source
“The plenary thus agreed on a road map to strengthen implementation of FATF standards on virtual assets and virtual asset service providers, which will include a stocktake of current levels of implementation across the global network,” the FATF said, adding that a report on its findings is due in the first half of 2024. Source
Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of the upcoming consumer sentiment figures from the United States. The report from the University of Michigan is expected to show an increase in confidence, despite current inflationary pressures. Ethereum marginally retreated from Thursday’s high. Bitcoin Bitcoin (BTC) was once again trading below $24,000 on Friday, as markets began to anticipate the release of U.S. consumer sentiment data. BTC/USD fell to an intraday low of $23,693.92 earlier in today’s session, less than 24 hours after hitting a…
The China Securities Regulatory Commission (CSRC) recently announced rules for domestic companies considering overseas IPOs. According to people familiar with the matter, Chinese cloud service provider Shenzhen Cloudsky Technologies is considering an initial public offering (IPO) where it could generate around $200 million. The sources revealed that the company’s plan to go public could happen as soon as this year. Currently, Shenzhen Cloudsky has not made a final decision on its listing locations, but informants said the US is one of the potential IPO venues. Shenzhen Cloudsky Technologies Considers US IPO As…
The investigation is notably hinged on the “classification of retail clients and wholesale clients“ in what it said will be a targeted review. The Australian Securities and Investments Commission (ASIC) has announced it will be opening an investigation into Binance Exchange’s local operations in the country. The targeted investigation was prompted by the exchange’s wrong closure of some users’ derivatives accounts based on a faulty classification. Binance, which has a local Australian unit, acknowledged the error on Thursday after some of the affected users came on Twitter to share their…
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey in bridging his in-real-life artwork with NFTs and how he cultivates the community and culture that surrounds his art. Solomon’s work centers around basketball — not just the object, but the sport itself. For Solomon, the inspiration for his work comes from wanting to play hockey in his early childhood. At the time, this was a sport that was not accessible for him, but it led to his eventual discovery of basketball, which he…
The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter. The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability. The best #Bitcoin promotion. https://t.co/vwW6YdzBhJ — Dennis Parker (@Xentagz) February 23, 2023 From expressing their support for Bitcoin (BTC) to…
The CEO is linking the new job cuts to restructuring. Barely four months after laying off 22% of its staff, Dapper Labs is set to dismiss another 20% of its remaining staff. According to the letter sent to the team by Dapper Labs CEO Roham Gharegozlou, the latest decision is in line with the company’s restructuring plans. Part of the letter reads: “We are restructuring the Dapper Labs organization to improve our focus and efficiency, strengthening our position in the market and better serving our communities.” Gharegozlou also noted that…