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• The European Central Bank (ECB) has noted the inconsistency in crypto banking license procedures and wants to harmonize them. • Most requests for licenses have come from banks in Germany, with one from Luxembourg. • The ECB is taking steps to ensure that national frameworks governing crypto assets are more consistent. ECB Wants More Consistent Crypto Banking Licenses The European Central Bank (ECB) has noted the inconsistency in crypto banking license procedures and wants to harmonize them. Most requests for licenses have come from banks in Germany, with one from Luxembourg. The ECB is taking steps to ensure that … Continue reading ECB: Crypto Banking Licenses Need Consistent Rules Across EU

• DWF Labs has invested $10 million in blockchain infrastructure provider Orbs Network. • The investment sent the native ORBS token, which has an $85 million market cap, up close to 15%. • Orbs recently launched its flagship layer 3 product, a decentralized “time-weighted average price” protocol for decentralized exchanges. DWF Labs Invests $10M in Blockchain Infrastructure Provider DWF Labs has invested $10 million in blockchain infrastructure provider Orbs Network. The investment sent the native ORBS token, which has an $85 million market cap, up close to 15%. Orbs recently launched its flagship layer 3 product, a decentralized “time-weighted average … Continue reading DWF Labs Invests $10M in Orbs Network, ORBS Token Rises 15%

• The article discusses the current state of the Bitcoin (BTC) market, which has been in a flat trading pattern since falling 5% on Friday. • Analysts are now looking to U.S. Treasury yields for fresh cues, as a further rise in bond yields could lead to a sell-off of riskier assets like cryptocurrencies and technology stocks. • QCP Capital warned that crypto prices might struggle to maintain current levels if equities continue to fall and the dollar index and yields continue to move higher. Bitcoin Market Struggles Amid Yield Uncertainty The Bitcoin (BTC) market has been trading dead flat … Continue reading Bitcoin Comatose, Observers Look to Treasury Yields for Cues

Overview • Marathon Digital will need to restate portions of its 2021 and 2022 financial reports due to an inquiry from the SEC. • The issue is related to impairment calculations and determining if the company was acting as an agent or principal. • The 2022 Q4 earnings report has been delayed until the 10-K filing is completed. SEC Inquiry Finds Accounting Issues Marathon Digital (MARA) announced that it will need to restate certain portions of their audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. Securities and Exchange Commission (SEC). According to … Continue reading Marathon Digital to Restate Results on Accounting Issues

• The Open Network has released its governance platform, Ton.vote, to the public. • Trading activity of Toncoin (TON) surged 98% after the launch of the platform. • Toncoin holders can now vote on decisions across all projects on the network. The Open Network Launches On-Chain Governance Platform The Open Network has released its governance platform, known as Ton.vote, to the public. This platform was developed in tandem with layer 3 blockchain infrastructure provided by Orbs, ensuring tamper-proof voting across Ton.vote. Toncoin Trading Activity Surges Following Release Following the launch of the governance platform, trading activity for native token Toncoin … Continue reading TON Token Volume Soars 98% as On-Chain Governance Platform Launches

• Celsius Network and its creditors have launched court action to recover millions of dollars they claim were fraudulently transferred from founder Alex Mashinsky and other former executives. • The 150-page legal document alleges that Mashinsky, co-founder S. Daniel Leon and others mismanaged the crypto lender, inflated the price of CEL tokens for their own benefit and made “negligent, reckless and sometimes self-interested investments” in the run-up to bankruptcy. • The filing requests recovery, costs and punitive damages based on 33 counts, including the transfer of billions to decentralized finance platform KeyFi to engage in speculative investment. Celsius Seeks to … Continue reading Celsius Seeks Millions From Former Execs – Legal Battle Begins

• The NFT market is becoming increasingly competitive as different platforms battle for creators and collectors • OpenSea has been the leading platform in the NFT space since its launch in December 2017 and currently dominates with over 34,000 ETH in trading volume • Blur has gained considerable momentum among JPEG slingers since its debut in October and has become the second-largest NFT marketplace by volume NFT Market Competition Heats Up The non-fungible token (NFT) space is becoming increasingly competitive as different marketplaces battle for creators and collectors. OpenSea, which launched in December 2017, continues to dominate the NFT scene, … Continue reading Battle for NFT Market Share Ramps Up: OpenSea vs Blur

• January’s crypto market rally was broad-based, with Aptos‘ APT token leading the surge with a 387% increase. • Gaming- and metaverse-affiliated tokens such as Gala Games‘ GALA token and Decentraland’s MANA token rose 233% and 149%, respectively. • According to MarketVector Indexes product specialist Martin Leinweber, smaller altcoins tend to have higher beta to bitcoin, leading to higher gains when the market turns bullish. The January surge in crypto markets was broad-based, with a number of tokens leading the rally. Layer 1 blockchain Aptos‘ native token APT was the biggest winner among 160 assets in the CoinDesk Market Index, … Continue reading Crypto Market Surges in January – APT Token Leads the Rally with 387% Increase

• Djed, a Cardano-based overcollateralized stablecoin, is set to launch next week. • Djed will be integrated with over 40 Cardano-based decentralized finance applications (dapps) upon launch. • DjedPay, a payment app that uses djed, will allow users to transfer the tokens to merchants and businesses. Cardano, the decentralized open-source blockchain network, is set to launch its own stablecoin, Djed, next week. Developed by IOG, the Cardano code maintainer, and Coti, a layer 1 blockchain, Djed is an overcollateralized stablecoin that requires more than 400% in collateral value to be posted before it is issued to a user. This mechanism … Continue reading Cardano Launches Djed: Overcollateralized Stablecoin for Secure Payments

• The crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets. • Ether and dogecoin led the slide among major tokens, falling more than 5%, while bitcoin lost just 1.6%. • Outside of majors, Avalanche (AVAX) and Lido (LDO) dropped 7.7% and 10%, respectively. The crypto market has taken a hit in the last 24 hours, as traders have likely taken profits following weeks of an uptrend. With U.S. equity markets also pulling back, crypto market capitalization has decreased by 3.5%, leaving the total market just over $1 trillion. Leading the slide … Continue reading Crypto Market Drops 3.5%, Major Tokens See Steep Losses