NFTs
Banking
Silvergate shares tank 46% after Coinbase severed payment partnership
Coinbase has dropped Silvergate as its payment partner; urges Prime users to update their payment instructions to Signature Bank.
Exchanges
Binance custody arm ‘Ceffu’ to apply for license in Singapore
Ceffu will apply for a MAS license to enable it to offer custodial services to institutional investors in Singapore.
Bankruptcy
Holdnaut co-founders opt to sell bankrupt crypto lender
Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
DeFi
Sushi boosts Treasury to $30.6M after Kanpai implementation
Sushi Head Chef Jared Grey said the protocol was well positioned financially to deliver on its proposed roadmap for 2023.
Payments
Visa, Mastercard to push back on crypto-related services
Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.
DAOs
Illuvium DAO votes against NFT contest with disgraced Three Arrows Capital founder Su Zhu
Illuvium community members argued that sharing the stage with the controversial 3AC founder might pose a reputational risk to the project.
Trading
Liquity token (LQTY) surges over 30% following Binance listing
Binance will list LQTY in the innovation zone and open spot trading support from 11:00 UTC on Feb. 28.
CBDCs
Bank of England official says digital pound provides big opportunity for businesses
Ben Broadbent said the digital pound could help provide a reduction in friction and cost of payment to businesses.
Adoption
Coinbase survey indicates 20% of Americans own crypto
Crypto ownership is highest among younger Americans — 36% of Gen Z and 30% of Millennials reportedly owning crypto assets.
Adoption
Alchemy Pay obtains license from Central Bank of Indonesia, ACH surge 7%
The Indonesian license was issued jointly to Alchemy Pay and BDPay to allow the firms to offer remittance and fund transfer services.
Regulation
Chia founder argue XCH is not security, plans to register with SEC
Gene Hoffman explained that XCH has not been sold to the public — which is a condition for classifying securities based on the Howey Test.
Legal
Former SEC chief warns against using emojis for investment advice
US court ruled that using emojis relating to rocket ships, stock charts, and money bags could be classified as investment advice.
