Weekly Crypto Market News / 20 — 26 February
- The manufacturer of hardware wallets, Trezor, started producing its chips. It said the move optimizes the production of its Model T device by eliminating its reliance on third parties throughout the complex manufacturing supply chain, according to a statement Monday. Trezor pioneered the world’s first bitcoin hardware wallet, the Model One.
Read more: Trezor takes the wheel of Model T chip production
- Investigation: 20 percent of Americans own cryptocurrencies
Read more: Cryptocurrency perception study
- FUD: Binance fulfilled reshuffling their assets by analogy to the funds’ movement on FTX.
Of the raided customer funds, which consisted of USD stablecoin (USDC) tokens, $1.1 billion was channeled to Cumberland/DRW, a Chicago-based high-frequency trading firm. Cumberland may have assisted Binance in its efforts to transform the collateral into its own Binance USD (BUSD) stablecoin. Until a crackdown in mid-February by the New York State Department of Financial Services on stablecoin issuance, Binance was aggressively seeking to gain market share for its dollar-backed token against rivals like Tether and Circle’s USDC.
Read more: Binance fulfilled reshuffling their assets by analogy to the funds’ movement on FTX
- Playboy announced the metaverse MetaMansion.
The virtual world is slated for launch this year, and there will be ways to get in, even for users who aren’t part of the magazine brand’s Rabbitar community.
Read more: Playboy Expects to Launch MetaMansion Virtual World This Year
- Google launched a node in the Tezos network.
Read more: Google cloud is to become a validator on the Tezos network, following similar moves on Ethereum and Solana last year.
- Binance has partnered with the payment system Ingenico.
Read more: Crypto payments just got easier in France
- Microsoft has partnered with Web3-project Ankr.
Read more: We’ve partnered with Microsoft to support enterprises and organizations needing access to blockchain data with a reliable, easy-to-use node hosting service.