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• European Parliament member Johan Van Overtveldt called for a crypto ban to address banking sector issues.
• US Federal Deposit Insurance Corporation (FDIC) denied reports of Signature Bank prohibiting any activity related to cryptocurrencies.
• SVB Financial Group filed for Chapter 11 bankruptcy protection and Silicon Valley Bank is no longer affiliated with it.

Regulation News

Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, called for a crypto ban amid the issues faced by the banking sector. “Another lesson to be learned from the current banking commotion,” Van Overtveldt wrote. “Enforce a strict ban on cryptocurrencies. Speculative poison and no economic or social value added. If a government bans drugs, it should also ban cryptos.” The US Federal Deposit Insurance Corporation (FDIC) has denied reports that prospective purchasers of Signature Bank would have to stop doing business with crypto as part of any sale, Reuters reported. An FDIC spokesperson pointed to prior comments from FDIC Chairman Martin Gruenberg that the agency is not looking to prohibit any particular activity by banks.

Legal News

Silicon Valley Bank’s parent company SVB Financial Group (SIVB) has filed for Chapter 11 bankruptcy protection, adding that it is no longer affiliated with Silicon Valley Bank. It said it filed a voluntary petition for a court-supervised reorganization in the US Bankruptcy Court for the Southern District of New York to preserve value. “SVB Securities and SVB Capital’s funds and general partner entities are not included in the Chapter 11 filing and continue to operate in the ordinary course as SVB Financial Group proceeds with its previously announced exploration of strategic alternatives for these valuable businesses,” it said.

Security News

BlockSec, a smart contract audit firm, prevented a hacker from stealing ETH 2,900 from the NFT lending project Paraspace, they said on Twitter. “There is a flawed logic in borrow() of the ParaProxy contract (0x638a)” of Paraspace, said the firm, explaining the vulnerability that was nearly exploited by the hacker before BlockSec took control of the funds.

Banking News

Cryptocurrency firms in Hong Kong are finding it even harder to open local accounts given that banks in the city are not keen to serve them after the closure of crypto-friendly Silvergate Bank and Signature Bank, according to industry insiders cited by South China Morning Post report Firms are looking elsewhere for solutions including Singapore and Japan as well as countries that provide licensing such as Estonia and Switzerland.

Conclusion

The cryptocurrency space continues facing regulatory headwinds across different jurisdictions while security measures prove effective against malicious actors attempting theft through smart contracts vulnerabilities . At same time financial institutions appear increasingly reluctant when it comes offering services related digital assets which leads companies look at alternative solutions outside traditional banking systems

• Shiba Inu (SHIB) has dropped by 9% in the past 24 hours, due to news of Silvergate Bank’s liquidation and a more hawkish stance from the Federal Reserve.
• SHIB is the 13th-most purchased ERC-20 token among whales today and remains a favorite with big investors.
• The beta launch of Shibarium is imminent, which may cause SHIB to rebound in the near future.

SHIB Price Drop

Shiba Inu (SHIB) has dropped by 9% in the past 24 hours, brought down by news of Silvergate Bank’s liquidation and a more hawkish stance from the Federal Reserve concerning further rate hikes. At $0.0000099, SHIB is also down by 17% in a week and by 30% in the last 30 days, with today’s losses reducing its gains for the year-to-date to 10%.

Big Investors Remain Bullish on SHIB

Despite this sell-off, SHIB remains one of the most traded coins in the past 24 hours according to CoinGecko, with it being 14th among “top purchased tokens” today. It also remains the fourth most widely held cryptocurrency among whales (apart from ETH, USDC and USDT), indicating that it still remains a favorite with big investors.

Launch of Shibarium Imminent

The launch of layer-two network Shibarium is imminent, which could potentially push up SHIB prices as it allows faster and cheaper transactions for the Shiba Inu ecosystem. As such, with this launch coming soon there are plenty of reasons to be optimistic about SHIB’s future performance.

Indicators Suggest Bottom Is Near

The relative strength index (purple) has just dropped below 30 while its price has dropped below its 30-day (red) and 200-day (blue) moving averages – both indicators suggesting that now could be an opportune time to buy into SHIB before its likely rebound.

Conclusion

Given its positioning within whale holdings as well as its RSI levels dropping into oversold territory combined with its upcoming layer two network launch – all signs point towards an imminent pump for Shiba Inu when conditions become favourable once more.

• Three Japanese banks are starting a trial to issue fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as Japan Open Chain.
• The network uses a consensus algorithm called Proof of Authority and can process 1,000 transactions per second.
• It is compatible with the Ethereum ecosystem and wallet MetaMask, potentially enabling Japanese financial institutions to process global transactions.

Japanese Banks Launch Stablecoin Trial

Three Japanese banks – Minna no Bank, Tokyo Kiraboshi Financial Group, and Shikoku Bank – are launching a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain.

Proof-of-Authority Consensus

The Japan Open Chain has six validator nodes at present and is aiming to increase this number to 21 companies in the future. It uses a consensus algorithm called Proof of Authority (PoA), which enables faster transaction speeds than more widely used algorithms like PoW or PoS, though comes at the expense of decentralization.

Compatibility with Ethereum Ecosystem

The chain is also compatible with the Ethereum ecosystem, including its popular wallet MetaMask, making it easily available for many regular crypto users. This could provide great business opportunities for Japanese financial institutions by allowing them to process transactions made all around the world.

Benefits Of Stablecoins

Stablecoins will enable easier access to money across borders, as well as providing greater security against price fluctuations or inflation compared to traditional fiat currencies. They will also make it easier for businesses and investors to track their money flows without relying on third parties or multiple currency exchanges.

Conclusion

The issuing of stablecoins on the Japan Open Chain promises numerous benefits for Japanese financial institutions and could open up new possibilities for global transactions in the near future.

• Blockchain security firm PeckShield has uncovered a new crypto scam that pretends to be affiliated with the ChatGPT AI chatbot.
• The scam involves honeypots and high sell taxes, both of which are designed to steal money from unsuspecting users.
• Microsoft’s recent announcement that it is launching an all-new AI-powered Bing search engine and Edge browser with OpenAI further fuels the ChatGPT craze – and scams looking to profit from it.

New Crypto Scam Uncovered

Blockchain security firm PeckShield has uncovered a new crypto scam that pretends to be affiliated with the ChatGPT AI chatbot. The scam involves honeypots and high sell taxes, both of which are designed to steal money from unsuspecting users.

Honeypots & High Sell Taxes

A honeypot is a type of scam whereby a malicious actor creates a fake crypto or crypto wallet to lure victims into investing, sending, or trading crypto. The scammer often poses as a legitimate business or organization, promising services or rewards. Sales tax is the amount of money taken once a token is sold; many legitimate projects use sales tax as an incentive for long-term holding and rewards for token holders. However, scammers use high taxes (often set at 100%) to steal money from unsuspecting users – two of these coins have already dropped nearly 100%.

Microsoft & OpenAI Partnership

Microsoft recently announced that it was launching an all-new AI-powered Bing search engine and Edge browser leveraging its partnership with OpenAI. This continues to fuel the ChatGPT craze – and scams looking to profit from it. Furthermore, DEXTools notes that some 20 ‘BingChatGPT’ coins have been issued on BNB Chain, Ethereum, and Arbitrum platforms since then.

Research & Due Diligence

Users need to research each coin they want to put their money into before investing in order not to fall victim to such scams. Additionally, verifying wallet addresses before making any transactions can also help ensure user safety when dealing with cryptocurrencies online.

Conclusion

The popularity of chatbots like ChatGPT means more opportunity for scammers looking to take advantage of vulnerable investors who don’t do their due diligence when researching projects they want to invest in – so always make sure you know what you’re getting into!

• The Central Bank of the United Arab Emirates (CBUAE) launched a Financial Infrastructure Transformation (FIT) program to speed up digital transformation in the financial services sector.
• The International Monetary Fund (IMF) issued a warning to El Salvador urging them to address the risks associated with Bitcoin adoption.
• This news is positive for Bitcoin as it shows increased global acceptance of the cryptocurrency.

CBUAE Launches FIT Initiative

The Central Bank of the United Arab Emirates (CBUAE) has announced an initiative called Financial Infrastructure Transformation (FIT), aimed at facilitating digital transformation in the financial services sector. According to H.H. Sheikh Mansour bin Zayed Al Nahyan’s vision, this FIT programme will help speed up digital transformation and enable CBUAE to become one of the top central banks in the world. The initiative includes a variety of digital infrastructures related to data management, regulation, and payment systems that will enhance security, operational resilience, innovation, customer experience, reduce operating costs, and increase regulatory compliance.

IMF Issues Warning To El Salvador

The International Monetary Fund (IMF) issued a warning following its recent visit to El Salvador regarding the risks associated with Bitcoin adoption. The IMF urged El Salvadorian authorities to be mindful of these potential threats before they proceed with any plans related to Bitcoin or other cryptocurrencies. They also cautioned that there are still many uncertainties surrounding crypto-assets and warned against taking any actions without first understanding all possible implications.

Potential Impact On Bitcoin

This news is viewed positively by most people within the crypto industry as it indicates increasing global acceptance for Bitcoin and other cryptocurrencies as legitimate forms of payment and investments. It also suggests that more countries may soon follow suit and create their own regulations related to Blockchain technologies and digital currencies in order to promote responsible use while minimizing potential risks associated with their usage .

Current BTC/USD Price Action

On February 13th, BTC/USD started trading at $21,796 and is now trading at $21504 – down nearly 2% over 24 hours. Over the past week ending on February 12th, BTC/USD has moved between a high of $21902 and a low of $21444 losing 6% in value overall .

Conclusion

Overall , this news can be seen as positive for Bitcoin as it shows increased global acceptance for cryptocurrencies which could lead to more countries adopting similar regulations in order for them to promote responsible use while minimizing potential risks associated with their usage .

• Dogecoin (DOGE) has seen a surge in its value and is now trading at $0.098.
• Crypto market has been quite bullish recently, with numerous cryptos such as Dogecoin benefiting from the surge in optimism.
• There has been a tremendous increase in the value of cryptocurrencies recently, which is largely attributed to the US Federal Reserve reducing the interest rate by 25 basis points.

Dogecoin Price Prediction: Is it Time to Buy?

Dogecoin (DOGE) has seen an impressive rise in its price recently and many investors are wondering if this is the time to buy or not. A popular crypto trader predicted that Dogecoin could move up by 50% in the near future. This article will explore current market conditions of Dogecoin and analyze whether investing in it now could be a good idea or not.

Dogecoin’s All-Time High

Dogecoin is currently trading at $0.098 after reaching an all-time high of $0.099 yesterday but failing to sustain that level. It remains bullish with most analysts predicting an even higher price point soon due to positive market sentiment surrounding virtual currencies and blockchain technology overall.

Positive Momentum In Crypto Market

The crypto market has been quite bullish lately with Bitcoin (BTC) and Ethereum (ETH) surpassing the $23,000 and $1,600 marks respectively while non-fungible token (NFT) trading skyrocketed over $945 million during January’s recovery period for digital assets. Additionally, numerous cryptos have benefitted from the surge in confidence generated by US Federal Reserve reducing interest rates by 25 basis points; this created more buying momentum for these digital assets including Dogecoin which has become one of the top 10 most actively traded coins on Binance Smart Chain by large whales investors.

Analyzing The Risks Of Buying DogeCoin Now

Before making any investment decisions it’s important to consider all potential risks involved with investing in cryptocurrency markets as these can be highly volatile depending on various factors such as government regulations, political uncertainty etc.. Additionally, crypto investments should only make up a small portion of your overall portfolio as they can be highly speculative compared to traditional asset classes like stocks or bonds.

Conclusion: Should You Buy DogeCoin?

Given the current circumstances it might be wise for those looking for short-term gains to enter into positions within DogeCoin as a 50% move up was predicted by a popular trader and other cryptocurrencies are also witnessing significant growth due to positive market sentiment surrounding them at present time.

However, before making any investment decisions you should always conduct your own research into any asset you’re considering purchasing and weigh out both potential risks and rewards carefully before committing funds towards it.

• Bitcoin price has surged 10% in the past seven days, potentially signaling the start of a new bull market.
• A class-action lawsuit has been filed against Argo Blockchain, a Bitcoin mining company, by its investors, alleging the company misrepresented its pre-IPO finances.
• The Bitcoin Fear and Greed Index has entered the ‘Greed’ zone after 10 months, indicating investors are feeling more positive about the cryptocurrency market.

The past week has been an exciting one in the world of cryptocurrency. Bitcoin, the original and most popular cryptocurrency, has surged 10% in the past seven days, sparking speculation that a new bull market is beginning. This price surge has been accompanied by increased adoption around the world, along with a commitment to innovation, suggesting that Bitcoin could be on track for another bull run in the near future.

The Bitcoin Fear & Greed Index, which measures investor sentiment by tracking market conditions, has also shifted to the ‘Greed’ zone after spending 10 months in the ‘Fear’ zone. This indicates that investors are feeling more optimistic about the cryptocurrency market as a whole.

In addition to the positive news surrounding Bitcoin, a class-action lawsuit has been filed against Argo Blockchain, a Bitcoin mining company. Investors allege that the firm had misled them through false claims prior to its Initial Public Offering (IPO). In September 2021, a London-based company issued 7.5 million shares to the public at a rate of $15 each, and raised $112.5 million in total. The complaint claims that record materials related to the IPO had included false facts and had not complied with relevant laws and regulations.

While predicting the price of Bitcoin can be difficult, the recent surge, combined with the positive sentiment from the Fear and Greed Index, is certainly a good sign for the cryptocurrency and its investors. Increased adoption around the world and a commitment to innovation could mean that Bitcoin is set for another bull run in the near future. Only time will tell if this is the case, but for now, it appears that the cryptocurrency market is in a state of optimism.

• Moonstone Bank, a digital bank focused on high-net-worth individuals, announced that it is exiting the crypto space and refocusing on the “community bank” role.
• The change is attributed to the recent developments in the crypto industry and the resulting rise in regulatory scrutiny.
• Moonstone was acquired by Jean Chalopin in 2020 and has been closely tied to crypto exchange FTX.

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the “community bank” role. The decision to discontinue its plans to develop banking services for innovative industries like crypto was largely a result of recent developments in the industry and the subsequent rise in regulatory scrutiny.

Moonstone is perhaps best known for being acquired by Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX banking partner, in 2020. Chalopin had big plans for the bank and sought to transform it into a crypto-focused financial services firm. To this end, he secured an $11.5 million investment from Alameda Research, the trading arm of Sam Bankman-Fried’s crypto exchange FTX, in early 2022. The firm also had close ties to executives at FTX, and has been dragged into the exchange’s saga.

As part of the shift in strategy, the bank will no longer use the name Moonstone Bank and will be rebranding and re-adopting the Farmington State Bank name, known in the local community for 135 years. In a Thursday press release, Moonstone Bank said: “The change in strategy reflects the impact of recent events in the crypto assets industry and the resultant changing regulatory environment relating to crypto asset businesses.”

The decision to exit the crypto space is likely to have a major impact on the industry, as Moonstone was one of the few banks that had ventured into the space. It is yet to be seen how other banks will respond to the changes, but it is likely that the increased regulatory scrutiny will continue to be a challenge for crypto businesses.

• Calvaria’s native token, RIA, has raised more than $2.87 million in its presale.
• The alpha version of the Calvaria: Duels of Eternity game is set to be released in the second quarter of 2023.
• RIA is set to list on centralized exchanges soon, such as BKex and LBank, and speculation is high that a listing on Kucoin is in the works.

Calvaria is an upcoming digital trading card game that has been generating a lot of buzz in the GameFi space. The game offers players the opportunity to explore an afterlife-themed metaverse and select non-fungible token (NFT) trading cards that represent specific characters. The game has been so popular that its native token, RIA, has already raised more than $2.87 million in its presale.

The presale for RIA has been going on for over three months now, with the digital asset beginning to sell at a price of $0.0100. With the token now selling for $0.0325, the earliest investors have already seen up to 225% in profits. The presale is set to end when the final milestone of $3,075,000 is reached, or by January 31st, whichever comes first.

In addition to the presale, RIA is set to list on centralized exchanges soon. It will be listed on the BKex centralized exchange through an exclusive initial exchange offering, followed by a listing on the Hong Kong-based LBank exchange 24 hours later. There is also speculation that a listing on the world’s fourth-largest exchange, Kucoin, is in the works, as Calvaria is supported by Kucoin Wallet.

The alpha version of the Calvaria: Duels of Eternity game is set to be released in the second quarter of 2023. With RIA listing on centralized exchanges soon, an influx of liquidity should help bolster its price even further. The game promises to offer a unique gaming experience for players, with a range of rewards and incentives to be earned. Players will be able to battle it out for in-game rewards, as well as for a chance to be part of the Calvaria: Duels of Eternity leaderboard.

Overall, the Calvaria project looks to be an exciting one with a lot of potential. With the presale ending soon, now is the perfect time to invest in RIA.