Market
Tokenization
Some Twitter users can now buy Twitter Coins via Stripe
A few Twitter users have reported being able to buy 150 Twitter coins for $1.99 from Feb. 22. The tokens can be used to reward Tweets.
Regulation
Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud
Jesse Powell and Caitlin Long said that trying to do the right thing by warning regulators of possible scams blew up in their faces.
Bankruptcy
Celsius prepares to reopen partial withdrawals for eligible users
Eligible Celsius users will be able to withdraw 94% of their assets from the platform after updating their KYC and other account information.
Staking
Coinbase says its staking product does not pass the Howey Test
Coinbase CEO Brian Armstrong is confident that staking fails all four criteria of the Howey Test and is ready to battle it out in court if necessary.
Staking
SEC crackdown could ‘benefit’ decentralized staking if it isn’t banned – Lido exec
Lido Finance's Jacob Blish said if the SEC bans U.S. citizens from interacting with any staking protocols, it could hurt both investors and contributors.
Legal
The SEC may potentially sue Paxos over BinanceUSD – WSJ
The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
Adoption
Historic legacy bank enables Brazilians to pay taxes using crypto
Banco do Brasil has partnered with Bitfy so users can pay taxes with cryptocurrencies as easily as paying for a ticket by scanning a barcode.
Hacks
Wormhole exploiter moves $46M worth of stolen funds
The Wormhole attacker moved $46 million worth of tokens to MakerDAO and received 16.6 million DAI over the weekend.
Exchanges
Binance adds zk-SNARK verification to its proof of reserves system
Binance implemented the upgrade following Vitalik Buterin's suggestions on improving transparency of proof-of-reserves systems.
Lending
SALT Lending converts $64M debt – plans to restart in Q1 2023
SALT Lending is focusing on growth and will seek to raise additional funds in a second funding round later this year.
Bankruptcy
Potential buyers looking to purchase Hodlnaut and its FTX claims
Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.
Regulation
South Korea issues guidance on security tokens, STOs
S. Korea will regulate certain digital assets as securities under the Capital Markets Act and allow STOs under the Electronic Securities Act.