Hong Kong will continue pushing ahead with the development of the Web 3.0 industry as it aims to become a regional hub for the nascent industry despite the series of collapses of crypto exchanges, said Paul Chan, the city’s financial secretary, on Monday.
The United States Attorney’s Office for the Southern District of New York (SDNY) has formed the FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse.
The World Economic Forum (WEF) believes the technology underpinning cryptocurrencies and digital assets will continue to be an "integral" part of the modern economy.
Data from Dune Analytics show over 630,000 unique wallets created 2.82 million domain names, with 459,000 of those classified as “primary names.” Primary names are ENS addresses that resolve to a user’s crypto wallet and can be used as a proxy to search for information on blockchain explorers, such as Etherscan.
China will launch a regulated platform for trading Non-fungible trading tokens (NFTs) known as China Digital Asset Trading Platform on January 1, 2023, according to local media outlet Sina News.The Chinese Technology Exchange, Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporation, jointly created the platform to facilitate the exchange of NFTs as a secondary market.
The California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings over two days against crypto brokers and websites it suspects of being fraudulent.The list includes Tahoe Digital Exchange, TeleTrade Options, Tony Alin Trading Firm, Hekamenltd/Tosal Markets Limited, Trade 1960, Yong Ying Global Investment Company Limited, Unison FX, VoyanX.com, and ZC Exchange, to name a few.
More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality. Per the newspaper the Workers’ Daily, the city of Jinan, Shandong Province, will be added to the pilot area. Also joining the pilot will be Nanning and Fangchenggang in the Guangxi Zhuang Autonomous Region, as well as Yunnan Province’s Kunming. The Xishuangbanna Dai Autonomous Prefecture will also be added.
Historically, the market movements of Dogecoin had the tendency to follow the developments surrounding the Tesla CEO, whether positive or negative, including an influx of $5 billion into its market cap in five weeks upon Musk’s acquisition of Twitter. Earlier, the price of Dogecoin had gained 8% upon rumors that Musk and Buterin were planning to work together to upgrade DOGE, as well as soaring 25% in a week upon the news that the launch of the DOGE-1 lunar satellite was fast approaching.
Ethereum (ETH) core developers are now targeting a March deadline for the highly anticipated Shanghai network upgrade, which will allow staked ETH to be withdrawn.Speaking in a recent developer call, Ethereum lead developer Tim Beiko said that enabling staking withdrawals is “clearly the highest priority for everybody.”During the call, Ethereum core developers agreed on a tentative March deadline for rolling out the Shanghai upgrade, which is needed to enable withdrawals.