The biggest news in the Cryptoverse on February 14th was that Binance CEO Changpeng Zhao addressed various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the US SEC provided Wells’ notice after rumors to that effect surfaced. Plus news about Polygon-based bonds, AI tokens, Sam Bankman-Fried’s use of his VPN, Binance’s endorsement of his ChatGPT, Peter Schiff’s anti-crypto sentiment, and more.
CryptoSlate Top Stories
CZ Addresses Rumors That Circle Is Telling Regulators To Investigate Paxos/BUSD
At a wide-ranging Twitter Spaces AMA on February 14, Binance co-founder and CEO Changpeng Zhao explained the ongoing FUD surrounding the BUSD stablecoin, rumors that the Circle tipped off to New York regulators, and his I mentioned the idea of shifting the attention of . From US dollar-denominated stablecoins to algorithmic, euro and yen-denominated stablecoins.
Addressing some of the recent news surrounding the discontinuation of the Binance stablecoin (BUSD) by Paxos, CZ has welcomed more stablecoin alternatives, ultimately leading to market adoption and He said he supports competition.
He also said he believes there is no substance to recent reports that Circle founder Jeremy Allaire has secretly instructed New York regulators to investigate Paxos and BUSD.
Circle denies that the SEC sent the Wells Notice.
USDC stablecoin issuer Circle denies receiving Wells notice. That denial was documented in a tweet by CSO Dante Disparte. February 14.
“Circle has not received a Wells notice.”
Unsubstantiated rumors circulated today suggesting that the US Securities and Exchange Commission sent a Wells notice to Circle. Service of such notice means that the regulator plans to initiate enforcement against the company.
Siemens Announces First Digital Bond Issuance on Polygon
Siemens, Germany’s third largest listed company by market capitalization, has issued its first digital bond worth €60 million ($64 million) on the Polygon blockchain.
The bond was issued pursuant to the German Electronic Securities Act, which entered into force in June 2021, allowing the sale of blockchain-based bonds.
AI Sector Outperforms Yield Farming Again, 12% Outperforms Market
The crypto AI sector has outperformed yield farming, outperforming Bitcoin with gains of more than 12% over the past 24 hours as Bitcoin tries to hold onto the $22,000 sentiment support.
The total market capitalization of the AI sector is currently at $4.08 billion with a 24-hour trading volume of $838 million.
Data stream aggregator The Graph leads the industry with a market cap of $1.42 billion, while SingularityNET is the biggest profiter, up 16.2% in 24 hours.
US prosecutors express concern over SBF’s use of VPN
U.S. prosecutors said in a Feb. 13 letter to Judge Lewis Kaplan that FTX founder Sam Bankman-Fried used a virtual private network (VPN) on Jan. 29 and Feb. 12. to access the Internet.
Prosecutors said SBF’s use of VPNs raises concerns because the mechanism can hide online activities, transfer data and access the dark web. They added that some individuals are using VPNs to access foreign crypto exchanges that block US users.
Binance Endorses ChatGPT To Improve Crypto Education And Adoption
Binance sees great potential for using AI in the cryptocurrency industry as it shared its view on ChatGPT, Flavor of the Month.
recently blog postBinance has outlined the importance of AI techniques in cryptocurrency optimization in the coming years.
Binance CEO Changpeng Zhao (CZ) has previously confirmed that it is leveraging AI in its risk management and customer service departments. However, the crypto giant is now advocating the importance of integrating AI into other areas of the crypto industry, such as trading bots, terminals, smart contracts, analyzing market trends and improving security.
Peter Schiff Deems Kevin O’Leary, Mark Cuban’s Cryptocurrencies Sold Out
Goldbug’s Peter Schiff said Kevin O’Leary and Mark Cuban sold to a cryptocurrency company on the lure of sh*tcoins.
talk Anthony Pompilano In a recent interview, the pair discussed several topics, including macros, assets for protection, and debt ceilings.
When asked about “evil behavior” that hurts investors, Schiff He was quick to point out that the easy-money, casino-like environment of cryptocurrencies fostered scams and get-rich-quick schemes.
Study: Self-Custody Continues to Grow as Bitcoin Withdrawals Outpace Deposits
Exchange-related Bitcoin deposits and withdrawals are often a good indicator of market sentiment.
An increase in the number of exchange deposits indicates that the liquid supply of Bitcoin is increasing and the market is ready for trading. Conversely, when the number of withdrawals on an exchange increases, investors seem less interested in trading and try to keep BTC away from the exchange.
Looking at these exchange-related trades against the total number of bitcoin trades can indicate whether the market is gearing up for a bull run.
In February 2023, the total number of Bitcoin transactions will surpass 307,000, reaching a two-year high. crypto slate show,
Previous transaction peaks were correlated with Bitcoin price increases. A record 400,000 transactions in late 2017 fueled a bull market that pushed Bitcoin to an all-time high of $20,000. About 80% of all Bitcoin transactions at the time were exchange-related, the majority of which were exchange deposits.
Bitcoin (BTC) has risen over the last 24 hours 2.42% Trading at $22,195.89, Ethereum (ETH) rose 4.12% $1,554.54.
Biggest Gainers (24 hours)
- Hash flow (HFT): 27.03%
- Singularity Net (AGIX): 26.19%
- BitGet Token (BGT): 24.01%
Biggest Loser (24h)
- BinaryX (BNX): -13.09%
- Genso Kishi Metaverse (MV): -6.57%
- UNUS SED LEO (LEO): -1.6%