Adoption
Tokenization
Conflux spikes over 70% in last 24 hours
CFX is being traded for around $0.3, which marks a +73% increase in the last 24 hours and a +483.49% increase in the last seven days.
Exchanges
Gemini will be qualified custodian under proposed SEC rules
Gemini Trust Company has been considered a qualified custodian under the NY Banking Law since 2015, according to Tyler Winklevoss.
Analysis
Binance reserves lost $2.3B following BUSD debacle
The SEC issued a notice to Binance USD issuer Paxos on Feb. 13 to stop further BUSD minting.
AI
Lebanon, Slovenia, UAE lead interest in AI Crypto
Countries with economic issues ranked higher in the charts, while the U.S. was placed 33rd, according to CoinGecko's recent report.
Scams
Almost 25% of tokens launched in 2022 resemble P&D schemes
Chainalysis report revealed 24% of tokens launched in 2022 experienced a significant price decline within the first week of launch.
NFTs
Crypto community sees advantage in owning NFTs; 52% want to buy via credit cards
Of the respondents in a recent report, 92% see advantage in owning an NFT, while 52% say they want to buy NFTs using credit cards.
Trading
Major crypto-related stocks rise; Silvergate leading with 25%
Marathon Digital and Coinbase followed Silvergate Capital with 13% each, as Riot came fourth with an 11% increase in the past 24 hours.
Regulation
SEC suggests including crypto into federal custody rules
The expansion would submit crypto exchanges to new registration processes and separate users' deposits from company holdings.
Regulation
South Korea planning to review local staking services
The country decided on the review after acknowledging that certain staking services overseas have been suspended, according to local news.
Payments
Magic Eden partners with Moonpay to add payment alternatives
The duo will develop a solution to allow Magic Eden users to purchase NFTs using their credit cards, Google Pay or Apple Pay.
Adoption
Crypto aid for Turkey exceeds $4.5M in one week
Turkish financial watchdog stretched rules to allow crypto donations to help with disaster relief on Feb. 7.
Adoption
Singapore’s DBS Bank aims for Hong Kong crypto license
The bank is planning to apply for a crypto license so it can offer its digital asset services to customers residing in Hong Kong.