According to Ethereum Foundation developer Paritosh Jayanti, the launch of the Zhejiang update on the Ethereum public test network will take place on February 1. Six days after Zhejiang, Shanghai and Capella will be activated on the public test network.
The Shanghai update will allow for the withdrawal of over-the-counter ETH.
In 2022, the total trading volume on the decentralized dYdX exchange was $466.3 billion.
The exchange managed to earn $137.8 million on commissions.
In 2021, the trading volume on the exchange was $322 billion.
dYdX specializes in trading derivative instruments.
After more than a year of preparation and development, the algorithmic stablecoin Djed was officially launched on the Cardano network.
Djed is already available on the MinSwap, Wingriders and MuesliSwap exchanges.
The first centralized exchange to list the SHEN management token and Djed itself will be Bitrue.
Stablecoin has an oversupply of 400-800%.
The Hong Kong Monetary Authority (HKMA) plans to introduce licensing for steblecoin issuers and ban the issuance of algorithmic steblecoins.
The regulator will also require each stablecoin to have an equivalent fiat reserve.
Hong Kong’s advisory council on the regulation of digital assets and stablecoins includes subsidiaries of conglomerate Alibaba, Binance, Circle, Visa, MasterCard and Animoca Brands.
According to court documents, bankrupt credit platform Celsius misled its investors and sometimes used new customers’ funds to pay for other users’ withdrawals.
Independent New York bankruptcy litigator Shoba Pillay classified this as a typical Ponzi scheme.
Also between May and June 2022, the company used customer deposits as collateral for borrowing to support the CEL token.
In addition, according to Pillay, Maszynski’s statements in the media and on social media that pad loans are always 200% collateralized were far from the truth, as 14% of Celsius’ institutional loans were not collateralized at all.
According to the Financial Times, Twitter is developing a system to allow payments through the social network.
The publication’s sources said that Ilon Musk wants the service to support fiat currencies first, with the subsequent integration of cryptocurrencies.
Montenegrin Prime Minister Dritan Abazovic announced the start of cooperation with Ripple, which will see the launch of the country’s first steblecoin.
“A productive meeting with Ripple CEO Brad Garlinghouse and Ripple’s Vice President of Central Bank Engagement James Wallis. We talked about developing a payment infrastructure that will provide greater accessibility and financial inclusion. Montenegro is open to new values and investments. In cooperation with Ripple and the Central Bank, we launched a pilot project to create the first digital currency or stable coin for Montenegro,” the official said.
Binance has partnered with Mastercard to issue a cryptocard in Brazil.
With the card, users will be able to pay in 13 cryptocurrencies, including BTC, ETH and BUSD.
The transaction fee will be 0.9% and the cashback will be 8%.
In this case, cash withdrawal from the ATM will be carried out without a fee.
The English Premier League has announced a four-year licensing partnership with NFT fantasy soccer platform Sorare.
As part of the partnership, English Premier League fans will be able to create teams with licensed players for digital play on Sorare as well as buy and sell digital cards.
The deal was previously reported to be worth about $37 million per year.
According to Axios, the New York Department of Financial Services (NYDFS) has opened an investigation into the cryptocurrency exchange Gemini.
In the past year, Gemini has repeatedly claimed that the assets of customers using the Earn service are insured by the Federal Deposit Insurance Corporation (FDIC).
However, it turned out to be false.
Institutions are prohibited from claiming that their deposits are backed by the FDIC when they are not.