Weekly Report (20 – 27 Feb 23) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) Hedge Fund Titan Tapiero Focuses On A New Crypto PE Venture And Suspends 10T Fundraising

10T Holdings, formed by hedge fund veteran Dan Tapiero, will not conduct any more financing. Tapiero will instead seek capital via his new private equity firm 1RoundTable (1RT) Partners as he prepares for a surge in crypto IPOs in late 2024 and early 2025…[continue reading]

2) The Second Largest Bank In Germany Will Provide Crypto Custody Services To Institutions

The BaFin-regulated financial institution and custody provider has partnered with the Swiss company Metaco and the orchestration platform Harmonize for its upcoming digital currency service to institutional customers…[continue reading]

3) The IMF Urges Joint Effort Because Of Concern That Crypto Might Damage The Global Monetary System

The International Monetary Fund said on Thursday that rising crypto adaption necessitated a “coordinated response” from its members. In a series of recommendations for member nations and a demand for a “coordinated response,” the International Monetary Fund adopted an apparently severe stance on the rapid use of cryptocurrencies…[continue reading]

4) The Judge Refuses Dapper Labs’s Request To Drop The NBA Top Shot Security Case

District Judge Victor Marrero noted that Dapper Labs’ NFT collection seems to fit the standards of security under the Howie Test, which is named after a classic U.S. Supreme Court decision to establish whether an asset might be considered a security…[continue reading]

5) Former CFTC Chair Believes The EU Must Clarify What Is Permitted For Staking

According to Timothy Massad, former head of the Commodities Futures Trading Commission (CFTC), the Securities and Exchange Commission’s (SEC) enforcement action against Kraken signals a larger assault on staking…[continue reading]

6) A U.S. Congressman Presents A Measure To Prevent The Launch Of CDBC

Congressman Tom Emmer of the United States has filed a measure to prevent the Federal Reserve (the Fed) from launching a central bank digital currency (CBDC). The ‘CBDC Anti-Surveillance State Act strives to safeguard the financial privacy of American residents. Emmer said in a February 222 tweet…[continue reading]

7) Solana Spaces Will Cease Its New York And Miami Locations Seven Months After Their Launch

Norby said that the “experiment” was part of a strategy to enrol more people into Solana; nevertheless, the shops did not attract as many users as they had intended. Solana Spaces will shut its two Solana-themed, community-focused retail locations in New York City and Miami at the end of the month, after the stores did not attract as many customers as planned…[continue reading]