The Crypto Compass Issue #8

Weekly newsletter on the latest cryptocurrency updates, industry news and market analysis. Brought to you by BitcoinWalletSG.

Hello Friends,

We hope you're having a great start to the new year! It's been an exciting time in the world of crypto, with plenty of developments to keep us all on our toes. This week, we have a couple of key topics we'd like to highlight.

First and foremost, February is shaping up to be a month to watch in terms of inflation data. With the global economy still recovering from the impacts of the pandemic, the latest inflation numbers will be of great interest to all of us.

Secondly, we're also seeing an increase in regulations from the SEC. This is a crucial topic for those invested in crypto and it's important to stay informed on the latest developments and how they may impact your investments.

Thanks for being a part of our community and we look forward to keeping you informed and entertained with the latest crypto news and analysis.

Best, QH

Tweets

Notable News

EU “Tokenise Europe 2025” Initiative Aims to Boosts Asset Tokenization - Fintech Schweiz Digital Finance News - FintechNewsCH

A new initiative called Tokenise Europe 2025 is being spearheaded by the European Commission (EC) and the German Banking Association to tap into the potential of asset tokenization and distributed ledger technology (DLT) to strengthen the bloc’s competitiveness and build long-term economic resilience.

https://fintechnews.ch/blockchain_bitcoin/eu-tokenise-europe-2025-initiative-aims-to-boosts-asset-tokenization/58183/

Crypto firms are busy adding executive talent, with several recent notable hires

A16z, Paradigm, and Seven Seven Six-backed Syky all added executive talent to their ranks this week.

https://www.theblock.co/post/210864/crypto-firms-are-busy-adding-executive-talent-with-several-recent-notable-hires

China to launch national blockchain research center

China will create a blockchain research network with local universities, think tanks and blockchain businesses to explore core blockchain technologies.

https://cointelegraph.com/news/china-to-launch-national-blockchain-research-center

Regulation News

Paxos Will Halt Minting New BUSD Tokens - Paxos

Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.

https://paxos.com/2023/02/13/paxos-will-halt-minting-new-busd-tokens/

PayPal pauses stablecoin project amid Paxos probe: Bloomberg

PayPal's putting work on its stablecoin with Paxos on ice amid increasing regulatory scrutiny, Bloomberg reported.

https://www.theblock.co/post/210710/paypal-pauses-stablecoin-project-amid-paxos-probe-bloomberg

Crypto Lender Nexo to Stop EIP for US Clients on April 1

Last month Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of its Earned Interest Product.

https://www.coindesk.com/policy/2023/02/13/crypto-lender-nexo-stopped-eip-for-us-clients-on-feb-10/

Tech News

Staking withdrawals | ethereum.org

Page summarizing what staking push withdrawals are, how they work, and what stakers need to do to get their rewards

https://ethereum.org/en/staking/withdrawals/

Podcast

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