China's Cross-Board Digital Yuan Plan Underway

Monday February 20, 2023

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TL;DR

Shibarium Beta To Be Launched Soon, According To Lead Developer
Cross Border Digital Yuan Pilot Officially Gets Underway
Decentralization Will Eat The World
BUSD Causes Controversy As Paxos Gets Sued By The SEC
Bitcoin Fails to Break Resistance at $25K
Ethereum Fails To Break Resistance at $1,700

MACRO NEWS

Shibarium Beta To Be Launched Soon, According To Lead Developer...

Shytoshi Kusama, the Lead Developer for popular memecoin Shiba Inu, recently hinted at the impending release of Shibarium Beta in a Twitter exchange on Feb. 19th, 2023.

Cross Border Digital Yuan Pilot Officially Gets Underway...

Shenzhen, China, has officially launched a new cross-border digital Yuan pilot in collaboration with Hong Kong. Recently, Little Red Book also added NFTs on Conflux Network to enable users to showcase their minted NFTs through the platform.

Decentralization Will Eat The World...

Investors are demonstrating a healthy response in the aftermath of the startling events of the FTX collapse. DEXs eating up spot trading volume may be a sign that the industry is slowly being driven away from centralization towards decentralized

BUSD Causes Controversy As Paxos Gets Sued By The SEC...

The United States SEC plans to sue stablecoin issuer Paxos, the institution behind the USDP and BUSD tokens, over the latter stablecoin. According to an SEC spokesperson, the agency can neither confirm nor deny the possibility of an in-depth investigation as of this time.

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TECHNICAL ANALYSIS

Bitcoin Fails to Break Resistance at $25K

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Ethereum Fails To Break Resistance at $1,700

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CONTENT OF THE WEEK

BIG Ideas For 2023: Ark Invest's EPIC Report!

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6 HUGE Crypto News Stories Shaking Markets! [Matic, Bitcoin, Dogecoin, NFTs]

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Is the SEC’s Terra Lawsuit Trying to Set Precedent That Stablecoins are Securities?

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China's Cross-Board Digital Yuan Plan Underway

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