Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  1.  Hong Kong Chamber of Commerce advocates adopting stablecoins linked to the yuan suggesting the Virtual Asset Connect Scheme.
  1. Uzbekistan will impose fines on Binance through courts to the tune of 102 million soms, or roughly $8,200, for operating without a licence.
  1. With the debut of the mainnet, DYM gains 25%. Dymension launched its mainnet on February 5th, however shortly after, the project ran into difficulties because validators couldn’t agree on anything.
  1. Ondo Finance’s USDY stablecoin, guaranteed by the US Treasury, will be extended to the Layer 1 Sui blockchain of Mysten Labs. On Sui, this is the “first native token denominated in dollars.
  1. The Dencun upgrade, which includes proto-danksharding (EIP-4844), has been made available on the Holesky test network by the Ethereum core team. The penultimate Ethereum testnet upgrade before Dencun’s planned mainnet launch in March is the Holesky implementation.
  1. FusionIQ, a financial management company based in Massachusetts, has collaborated with cryptocurrency bank Anchorage Digital. FusionIQ’s clientele, which consists of financial advisors and institutions, to access digital assets supplied by Anchorage Digital.
  1. Thailand has extended its exemption from value-added tax on cryptocurrency trading in an effort to transform the nation into a hub for digital assets.
  1. Multicoin Capital led a seed investment round for Glif, which raised $4.5 million. Prior to the introduction of its token, the biggest Filecoin protocol is also planning to award reward points.
  1. KYC becomes mandatory for all L1 developers in Terra Classic. KYC proposal narrowly passed the pass threshold.
  1. On the Ethereum blockchain, UBS AG creates the first investment-grade tokenized warrant in Hong Kong. For investors in structured products, tokenization provides increased accessibility, efficiency gains, and transparency.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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