Analysis
Crime
Launch Zone halts trading, transfer of native token following hack
Launch Zone has halted trading and transferring of its native token LZ until further notice after hack drains 80% of the liquidity pool.
Legal
Crypto should not be given official currency, legal tender status – IMF
The agency said that granting crypto official currency or legal tender status can cause monetary, sovereign and financial stability issues.
Crime
SBF facing multiple fraud, conspiracy charges in unsealed superseded indictment
The indictment — unsealed in the U.S. District Court in Manhattan, where SBF was originally charged — includes a total of 12 charges, four of which are new.
Regulation
US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
The joint regulatory statement included a warning on stablecoin reserves for the first time in history.
Adoption
Deutsche Bank completes trial of Project DAMA tokenization platform
Deutsche Bank's Project DAMA intends to significantly reduce the effort it takes to launch, manage and access digital funds.
Crime
SBF to hire tech expert to consult on trial after breaching bail conditions – private citizens urge arrest
The move comes after Sam Bankman-Fried breached his bail conditions by using encrypted messaging apps and a VPN in January and February.
Crime
British citizen who helped North Korea evade US sanctions via crypto arrested in Moscow
Christopher Emms has been on the FBI's international wanted list for a number of years for his role in illegally providing cryptocurrency and blockchain services to North Korea.
Adoption
Globant names metaverse, blockchain as top tech trends in 2023
The tech giant believes the potential of the metaverse will be put to the test this year, and whether it sinks or swims remains to be seen.
Technology
Tim Berners-Lee likens crypto industry to dot-com bubble
Worldwide web inventor Tim Berners-Lee said crypto investing is akin to "gambling" and he personally does not want to spend his time investing in speculative assets.
DeFi
DEX transaction volume on Arbitrum hits new weekly ATH
The spike in transaction volume over the week was caused by a rise in most native application tokens on the Arbitrum network.
Memecoins
Dogecoin spikes 5% before retracing after Elon Musk’s latest tweet
Elon Musk responded to a photo of him sitting next to Rupert Murdoch during the Super Bowl on Feb 12.
Legal
SEC, Ripple agree to extend case until 2022-end
Ripple Labs executives and the SEC have mutually agreed to delays submissions and hearing until the end of 2022.