Analysis
Legal
Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets
Under Emmer's bill, entities that do not custody or control consumer funds should be exempt from stringent regulations.
Stablecoins
Centi launches CHF stablecoin backed 1:1 by a Swiss bank
Centi said that the Centi Franc Stablecoin will serve as the "basis" for its blockchain-based Global Payment Network.
Exchanges
Coinbase confirms it will list Arbitrum’s native token ARB
Coinbase said it will add support for the ERC-20 token and warned users to not send it to networks other than Ethereum.
Legal
France looks to ban influencers from promoting crypto products, projects
The move places digital assets under the same regulatory umbrella as gambling, pharmaceuticals and aesthetic surgery.
Legal
US Supreme court set to hear its first cryptocurrency case – Coinbase vs. Bielski
The case is expected to determine whether certain types of cases involving users of crypto platforms should be sent to arbitration.
Exchanges
OKX shuttering Canadian operations by mid 2023
OKX said it made the move due to "new regulations" in Canada.
Trading
Bitcoin spikes to 9-month high as central banks increase liquidity to mitigate banking crisis
BTC is now up more than 28% over the past week and the best performing cryptocurrency out of the top 10 by market cap.
CBDCs
Russian lawmakers approve first reading of draft laws establishing CBDC regulation, issuance
The draft laws establish the central bank as the sole issuer of the digital ruble and grant the regulator additional powers to ensure appropriate supervision.
Exchanges
Binance removes BUSD from SAFU fund — adds TUSD, USDT
Binance said the move was necessary following Paxos' decision to stop minting BUSD — which will result in a gradual market cap reduction.
Featured
Ethereum founder urges self-custody – recommends use of multi-sig, social recovery wallets
Vitalik Buterin said that he and the Ethereum Foundation use multi-sig wallets to secure the majority of their crypto assets.
Analysis
Crypto market largely unaffected by ECB decision to hike rate by 50bps
The flagship cryptocurrency saw a slight sell-off in the hour following the ECB rate hike after briefly breaking $25,000 and was trading at $24,752.58, as of press time.
Crime
Crypto investment fraud in the US hits record $2.57B – up 183% YoY
Crypto investment fraud losses made up roughly 25% of all money lost to online scams and fraud during 2022 and almost 90% of the $3.31 billion lost to online investment fraud.