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• The cryptocurrency market has rebounded, with a 6.4% gain in the last 24 hours reaching a total market cap of $1.01 trillion.
• Kava (KAVA) and Aptos (APT) have emerged as the two biggest gainers, gaining 32.47% and 26.03%, respectively, over the past week.
• Ethereum Classic (ETC), Cardano (ADA), and XRP are also among the altcoins that have outperformed other cryptos during this period of reduced volatility.

Crypto Market Rebound

The cryptocurrency market has seen a rebound after a volatile week, with prices up 6.4% in the last 24 hours reaching a total market cap of $1.01 trillion as of March 13th, 2021.

Top Altcoins Gaining Traction

Kava (KAVA) and Aptos (APT) have emerged as the two biggest gainers during this period, both increasing by over 30%. KAVA’s price rise is largely attributed to its recently launched incentive program called Kava Rise which distributes 62.5% of block rewards to developers building on their Ethereum and Cosmos chains; while APT’s gains can be traced to its partnerships with several prominent companies such as Microsoft Azure and Amazon Web Services. In addition, Ethereum Classic (ETC), Cardano (ADA), and XRP have all seen gains in recent weeks due to increased investor interest in these coins despite their relatively low prices compared to Bitcoin or Ethereum .

What is Driving Crypto Market Recovery?

The crypto market recovery is being driven by investors who are taking advantage of reduced volatility following Silvergate’s liquidations and Silicon Valley Bank’s collapse last week. Additionally, some coins such as KAVA have been incentivizing validators to migrate their cloud infrastructures from one platform to another through reward programs like Akash Network’s $1 million AKT pledge for Kava Strategic Vault that aims at advancing decentralized infrastructure on Kava networks.

Recent Developments

In further news related to crypto markets, several new projects are also underway including Coinbase’s upcoming listing on Nasdaq which could potentially attract more mainstream attention towards cryptocurrencies; while Binance has announced plans for launching its own decentralized exchange later this year that will operate using Binance Chain technology instead of relying on other protocols such as Ethereum or Tron network technologies used by most DEXes today .

Conclusion

Overall, it looks like we might be seeing an increase in investor confidence in cryptos since many altcoins have demonstrated resilience despite bearishness across markets lately; suggesting long-term growth potential for certain coins that may continue outperforming others going forward despite short-term fluctuations in value based on external factors

• Bybit has just joined the growing list of exchanges suspending USD transfers.
• Silvergate’s decision to halt its digital assets‘ payment network, also due to regulatory pressure and market outflows after FTX’s collapse in Nov 2022.
• Binance and Crypto.com have suspended USD transfers through bank accounts using USD.

Bybit Suspends USD SWIFT and Wire Transfers

Bybit recently announced that USD deposits through Wire Transfer (for US banks) and SWIFT would no longer be available as of Mar 10, 2023. Customers can still make deposits through a credit card or Advcash Wallet for USD. Ben Zhou, Bybit CEO, mentioned that the exposure is up to $150m through Mirana Asset Management, its investment arm. All client funds head to separate accounts, and the Bybit earn products do not use the investment arm.

Silvergate Halts Payment Network

Silvergate recently halted its digital assets‘ payment network due to risk concerns. The move raised red flags in firms such as Galaxy, Paxos, and Circle who are reducing crypto-asset exposure due to market outflows after FTX’s collapse in Nov 2022.

Binance & Crypto.com Suspend USD Transfers

Binance announced on Feb 8th that it stopped all withdrawals and deposits from bank accounts using USD without providing an explanation why only 0.01% of their customers were affected by this change. On Mar 2nd Crypto.com also suspended their own USD transfers through Silvergate which further sparked more attention towards these changes across the industry .

Urging Clients To Withdraw Funds

While Bybit assured its customers that their funds were secure and safe, it urged clients with plans to withdraw USD to make haste in order to avoid any possible disruptions that may arise due to these new changes taking place over the next few weeks .

Conclusion

Overall this news will likely affect quite a large portion of users who prefer making payments with traditional methods such as wire transfers or SWIFTs but thankfully other options such as credit cards or Advcash wallets will still remain available so users should be able to find an alternative solution relatively easily .

• TRX, the native token of the Tron network, has seen a 13.6% price jump in the last 30 days
• Bitcoin and Ethereum have experienced a correction in their prices over this period
• The Tron network is working on new projects to bolster its community, such as token burning

Tron’s Price Jump

Tron’s native token, TRX, has seen an impressive 13.6% price increase in the last 30 days. This is despite other top coins like bitcoin (BTC) and ethereum (ETH) experiencing signs of correction throughout the same period.

Factors Influencing TRX’s Market Performance

The prices of cryptocurrencies are often influenced by demand, supply, network development, market sentiment and macroeconomic factors. According to CoinStats‘ Fear and Greed Index, TRON’s current market sentiment is 53 which places it firmly in the greed category. Furthermore, the Tron network has been actively working on new projects to boost its community such as burning tokens – daily burn rates have increased by 60% from the previous month.

Positive Network Changes

On February 20th – when TRX hit its highest level of the past 30 days – Tron released an official report detailing significant changes to their network. One of these changes was that 15 billion burned tokens had been rapidly surpassed during this time frame – indicating deflationary pressure on TRX’s price could be expected.

Bullish Investor Sentiment

The bullish investor sentiment surrounding Tron has been further supported by collaborations with major tech companies such as Samsung and Baidu Cloud. These collaborations help solidify Tron’s place within blockchain technology and could result in further growth for both sides involved in these partnerships.

Conclusion

Overall it appears that things are looking up for TRX investors with positive developments happening within both their core platform and external partnerships leading to greater adoption of their technology and ecosystem – resulting in strong gains for holders of TRX tokens over recent weeks

• Binance has proposed a detailed, actionable framework of guidelines that centralized exchanges (CEXs) could follow to foster industry transparency, trust, and safety.
• The policy paper outlines several measures centralized crypto market participants could take to promote transparency and bolster safety and customer trust.
• Binance has urged exchanges to prevent the unauthorized use of customer assets, build secure crypto custody solutions, verify the safety of crypto assets under custody via robust disclosure methods such as proof of reserves, and more.

Binance Proposes Framework for CEXs

Binance has released a policy paper proposing a detailed, actionable framework of guidelines that centralized exchanges (CEXs) could follow to foster industry transparency, trust, and safety. This follows high-profile bankruptcies in the cryptocurrency space last year which have significantly dented its image. Regulators across various jurisdictions are tightening their grip on these market participants; thus Binance took over the initiative by introducing an actionable framework that CEXes can use to raise the bar on trust and safety in the industry.

Measures for Promoting Transparency

The policy paper outlines several measures centralized crypto market participants could take to promote transparency and bolster safety and customer trust. Exchanges should try as much as possible to prevent the unauthorized use of customer assets and build secure crypto custody solutions that allow for seamless depositing/withdrawal of funds. Furthermore, customers must be able to verify the safety of their crypto assets under custody with reliable technology such as zk-SNARKs which cannot be falsified.

Risk Management

Binance has also suggested proper risk management practices such as refraining from running operations with borrowed fundsand creating user protection funds that would cushion effects of unforeseen circumstances like heists on customers or proper loan collateralization.

Evolving Regulations

With regulators across various jurisdictions tightening their grip on cryptocurrency market participants, it is importantfor companies involved in this sector to adhere to existing rules while staying aheadof evolving regulations by adapting quickly enough without compromising standards set out by Binance’s framework.

Conclusion

• Alex Mashinsky’s planned book on financial literacy has been shelved by the publisher.
• The book was titled “The Mashinsky Method: The Decentralized Path to Financial Freedom” and was set to be released in June.
• The New York Attorney General is suing Mashinsky for allegedly scamming investors of billions of dollars worth of crypto before Celsius filed for bankruptcy in July 2022.

Celsius CEO’s Book Cancelled

Alex Mashinsky, former CEO and founder of the defunct crypto lender Celsius, had planned to publish a book on financial literacy with a potential June release date. Titled „The Mashinsky Method: The Decentralized Path to Financial Freedom,“ the publisher has now cancelled the book and is working to remove all references from the internet following the mismanagement causing its filing for bankruptcy in 2022.

Book Description

According to a description on Amazon, this book would have imparted his „7-step strategy“ on „how to secure your assets and how to earn compounding profit using stablecoins and other altcoins such as bitcoin.“ Notably, the book cost was $46.25 (USD 32) by one Australian bookseller.

Wiley Cancels Book Publication

Wiley, the book’s publisher, tweeted on Feb. 6 that the book „has been canceled“ after a Twitter user discovered a listing for it online. Wiley continued, „It can be difficult to delete all online references to a canceled book completely.“ He claimed they were working with merchants to alter their records to reflect the cancellation of publication.

Legal Action Against Mashinsky

Since the Celsius fiasco, there has been mistrust in the crypto world surrounding the books publication which prompted Wiley’s tweet confirming its cancelation. Currently, The New York Attorney General’s office is suing Mashinsky saying that he scammed investors of billions of dollars worth of crypto before filing for Chapter 11 bankruptcy in July 2022 .

Conclusion

With legal action still ongoing against him Alex Mashinskys‘ much awaited about financial literacy will not be hitting markets anytime soon leaving readers disappointed and critics skeptical about his intentions behind writing it in first place..

• Binance CEO, Changpeng Zhao, confirmed that no Binance users or assets were affected by the Orion Protocol (ORN) $3 million hack.
• The hack was due to a lack of re-login protection and led to the loss of approximately $3M.
• The Binance security team is monitoring the hacker addresses.

On February 3, 2023, Binance CEO, Changpeng Zhao, took to Twitter to confirm that no Binance users or assets were affected by the Orion Protocol (ORN) $3 million hack. The hack occurred due to a lack of re-login protection, leading to the loss of approximately $3M. However, the Binance security team is monitoring the hacker addresses to ensure that all Binance users and assets remain safe.

The incident was first identified by the cybersecurity firm PeckShield, who developed a full report from their observations before making a public announcement on Twitter. Following the news, Surge DeFi sympathized with those who incurred losses and expressed their commitment to promoting decentralized finance (DeFi) in order to avoid similar incidents in the future. DeFi aims to increase the safety of crypto investors by investing in less centralized protocols.

Changpeng Zhao’s tweet was a reassurance to all Binance users that their assets remain secure. He also thanked PeckShield for their swift response in identifying the hack and ensuring that Orion Protocol was able to take the necessary steps to mitigate further losses.

Going forward, Binance and other crypto companies will continue to monitor security threats to ensure that all users remain safe. They are also working with organizations like Surge DeFi to promote decentralized finance protocols, which are better equipped to protect user assets from malicious actors.

• DYDX token surged by over 15.9% following the announcement of a delay for their token unlock until December.
• The surge was triggered on Jan. 25th and the tokens were valued at $309 million.
• The initial token unlock was originally planned for Feb. 3rd, but has now been postponed to December 1st, 2023.

The DYDX native token has seen an impressive rally in the last 24 hours following the announcement of a delay for their token unlock. DYDX, the native token associated with the DYDX network, experienced an increase of over 15.9% in its value, trading at $2.03 at the time of writing.

The surge was triggered on the 25th of January, when DYDX issued a statement postponing the token unlocks originally planned for February 3rd to December 1st, 2023. Before this announcement, the token was valued at $1.55, meaning that it has gained an impressive 31% in the last 24 hours.

When the tokens are unlocked, DYDX will be releasing 30% (150 million) of its total token supply of 500 million. The total value of these tokens is currently estimated to be around $309 million.

Coingecko highlighted this surge in a recent tweet, which reads; “$DYDX (@dYdX) has risen by 28.2% to $1.99 today following announcement of a delay for their token unlock until December, instead of the previously planned release in February.”

The news has been welcomed by the cryptocurrency community, with many investors and traders looking forward to the unlock and the potential price surge that could follow. Many believe that the token will continue to climb in value as the unlock draws nearer, and are already speculating on the potential price of the token in the future.

It remains to be seen how the market will react to the unlock, but for now, it looks like DYDX is set to continue its impressive rally.

• Tesco, a British supermarket and general merchandise retailer, has partnered with Keep Sea Blue to collect and recycle tonnes of plastics from coastal areas and use them for its fresh fish packaging.
• The team has adopted a custom blockchain solution powered by Oracle Blockchain to foster transparency and traceability of the entire plastics collection process and recycling.
• Through this initiative, Tesco hopes to remove around 500 metric tonnes of plastic waste from the environment annually and slash the amount of ‚virgin plastic‘ used in its food packaging.

British supermarket and general merchandise retailer Tesco has announced a new partnership with Keep Sea Blue, an international non-profit organization focused on keeping the Mediterranean Sea plastic-free. The partnership will see both parties collecting various types of plastics from around at-risk coastal areas such as beaches and communities within 10 km of the Mediterranean Sea.

Tesco has also adopted a custom blockchain solution powered by Oracle Blockchain to ensure transparency and complete traceability of the entire plastics collection process and recycling. The blockchain technology will enable Tesco to track and monitor the entire process from the collection of plastics to the recycling and transformation into packaging for their fresh fish products.

The impact of this initiative is expected to be huge, with Tesco hoping to remove around 500 metric tonnes of plastic waste from the environment annually and slash the amount of ‚virgin plastic‘ used in its food packaging. With 8 million pieces of plastic ending up in the ocean every day, it is hoped that this will go some way to reducing the amount of plastic waste that currently plagues the world’s oceans.

The partnership follows Tesco’s commitment to adopt a sustainable approach to its business operations and reduce its carbon footprint. The company has been actively reducing plastic usage in its packaging and products, with plans to use 100% recyclable or reusable packaging by 2025. The company is also investing in renewable energy, sustainable farming and forestry and working with suppliers to reduce carbon emissions.

Tesco’s new partnership with Keep Sea Blue is an example of how companies can use innovative technologies such as blockchain to ensure transparency, traceability and accountability in the supply chain. It is hoped that this project will go some way towards reducing plastic waste and helping to keep our oceans clean.

• Cryptocurrency exchange BIT has launched TONcoin options trading, making it the first exchange to offer the investment instrument.
• The new feature is powered by Darley Technologies, DWF Labs, and the TON Foundation, with the latter providing support to 50 TON projects in 2023.
• TONcoin experienced a recovery in 2022 after a drop during a crypto winter.

Cryptocurrency exchange BIT has announced today that it will now offer TONcoin options trading to its users, making it the first exchange to offer the investment instrument. This new feature is powered by Darley Technologies, DWF Labs, and the TON Foundation, the latter of which has committed to supporting up to 50 TON projects in 2023.

TONcoin is the native token of The Open Network, a protocol intended to connect all blockchains and the Web2 internet into a single, open network. Initially developed by the team behind Telegram’s encrypted, cross-platform instant messaging service, the TON Foundation has since managed it as an open-source community project since 2020.

In 2022, TONcoin managed to recover after a drop amid a relentless crypto winter. At press time, TON is the 26th largest coin by market cap, according to CoinMarketCap. Its lowest market capitalization in the last 12 months was $1.01 billion, recorded on July 27, 2022. At that time, the token was selling for $0.8303, its lowest price that year.

The new TONcoin options trading feature on BIT is expected to be available on the Paradigm network in early February. The full-suite crypto exchange hopes that this new feature will provide users with an easier way to diversify their portfolios and make more informed decisions when investing in the crypto space.

Ultimately, with the launch of TONcoin options trading, BIT is providing an exciting new investment opportunity for users. With the continued support of the TON Foundation, DWF Labs, and Darley Technologies, this new feature is sure to open up even more opportunities for crypto investors in the near future.