Top news of the week
SBF’s $250M Bail Bonds Must Be Exposed, Says Rules Judge
UK Treasury Publishes Crypto Framework Paper: Here’s What It Contains
The UK Treasury has released a long-awaited consultation document on upcoming cryptocurrency regulation. This document covers a wide range of topics from algorithmic stablecoins to non-fungible tokens to early coin offerings. The authorities aim to level the playing field between crypto and traditional finance by incorporating digital assets into the UK Financial Services and Markets Act 2000.
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Zuko’s Triangle: The Human-Readable Paradox at the Heart of Crypto Adoption
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Play2Earn: How Blockchain Can Drive a Paradigm Shift in Building the Gaming Economy
Celsius publishes list of users eligible to withdraw most of its assets
Bankrupt cryptocurrency lending company Celsius came up with a withdrawal process for users who had funds in custody in June 2022, when the company stopped withdrawals. Celsius has released an official update on upcoming withdrawals, providing a list of users with access to approximately 94% of eligible custody assets. Users will also receive certain details related to gas and transaction fees related to upcoming proceedings.
Silvergate faces DOJ probe over FTX-Alameda deal
Meta CEO Zuckerberg Sticks To Metaverse Plan Despite $13.7 Billion Loss
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/02/Changpeng-CZ-Zhao-1024x682.png)
winner and loser
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/02/WL-feb-4-01-1024x826.jpg)
Bitcoin for the weekend (Bitcoin) is $23,572,ether (ethereum) and $1,661 and XRP and $0.40The total market capitalization is $1.09 trillion, according to Go to Coin Market Cap.
Among the 100 biggest cryptocurrencies, this week’s top 3 altcoin earners are Render Token (RNDR) 94.86%, dYdX (DYDX) 45.84% and ImmutableX (IMX) 43.41%.
UNUS SED LEO is this week’s top 3 altcoin loser (Leo) -12.30%, Ecash (XEC) -5.50% and Ton Coins (tons) at -5.30%.
For more information on crypto prices, be sure to read Cointelegraph’s market analysis.
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Fan Tokens: Day Trade Your Favorite Sports Teams
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Is the cryptocurrency epicenter moving away from East Asia?
most memorable quotes
“Regulators are understandably going to scrutinize the industry more intensely, which is probably a good thing, to be honest.”
Changpeng “CZ” ZhaoFounder and CEO of Binance
“The fact that both the SEC and CFTC have taken action against market manipulation by suspected fraudulent traders is a credit to the industry as a whole.”
Cristiano VentricelliAssistant Vice President, Decentralized Finance, Moody’s Investor Service
“I have not seen any indication that Reality Labs’ strategy needs to change long-term.”
Mark ZuckerbergFounder and CEO of Meta
“Behind the scenes, Celsius was doing business in a very different way than they pitched their customers to in every important way.”
Shobha Pillayformer federal prosecutor and partner at Jenner & Block
“Currently, we believe Bitcoin mining is being unfairly targeted and double taxed by the IRS.”
Dennis PorterRepresentative of Satoshi Action Fund
“[Bitcoin is] Not an effective wealth store. But we are in a world where the money we know is at stake. ”
Ray Daliobillionaire investors and entrepreneurs
Forecast for the week
$25,000 Bitcoin Currently in ‘Congested Trading’
The Federal Reserve hiked interest rates by 0.25% this week, in line with nearly all expectations, sending the BTC/USD pair surge above $24,000 for the second time in days, and market participants making another trip to $25,000. Expect a significant retracement.
“BTC has fully broken above the macro downtrend line + backtest,” investment research resource Game of Trades said on Twitter, adding, “The next big resistance is the $25,000 region.”
Pseudonymous trader Crypto Tony admitted that the target may no longer materialize. It’s becoming a crowded trade,” he wrote.
FUD of the week
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/02/Dennis-Porter-1024x682.png)
BonqDAO Protocol Loses $120 Million After Oracle Hack
Bithum owner arrested in South Korea on charges of embezzlement
Kraken closes Abu Dhabi office, suspends AED support
Cryptocurrency exchange Kraken has closed its Abu Dhabi offices less than a year after obtaining a license to operate in Abu Dhabi. Existing users will still be able to access the platform using other fiat currencies, according to the company. Several employees will also remain in the area. The move in the Middle East comes after Kraken announced plans to cut its headcount by more than 1,000 people by 30% of his to survive the crypto winter.
Best Features of Cointelegraph
![](https://cointelegraph.com/magazine/wp-content/uploads/2023/02/Mark-Zuckerberg-1024x682.png)
Is the Metaverse really like “Snow Crash”?
Tiffany Fung ignites Celsius, FTX, and the New York Post: Hall of Flame
Why are crypto fans obsessed with micronations and ocean swimming?
From repurposed cruise ships like MS Satoshi to blockchain-controlled Liberland and Satoshi Island, crypto enthusiasts are creating utopian new communities built on new rules.
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