LensLinks: Issue 103

Crypto Twitter Gears Up for a Fight, brought to you by Regiment LLC

Author

Len Pacek
February 28, 2023

Crypto Twitter Gears Up for a Fight

Today in LensLinks:

  • Crypto Twitter Gears Up for a Fight: SEC’s Gensler Dubs ‘Everything Except Bitcoin’ a Security

  • Jump.trade is all set to introduce first NFT racing game in metaverse

  • Allure of Bitcoin Ordinals, DeFi Drives Crypto Funds to Bitcoin Layer 2-Token Stacks

  • 101: Bitcoin NFTs: What Are Ordinal NFTs and How Do You Mint One?

  • Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX

  • Are AI chatbots coming to Tencent and NetEase games?

  • Large Japanese firms to develop the “Japan Metaverse Economic Zone”

  • Tech industry needs to grow beyond its walled gardens to establish VR market, says researcher

  • Solana outage triggers ballistic reaction from the crypto community

  • Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector

  • ‘They are scared' Crypto Ecosystem Pushbacks Over IMF Control

  • And Much, Much, More…

QUOTABLE

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“We are asking Congress to step in and stop the SEC from their predatory practices against bitcoin, crypto, NFTs, and retail.”

- Wendy O, the biggest female crypto YouTuber

Metaverse & Gaming

Jump.trade is all set to introduce first NFT racing game in metaverse

The recent introduction of NFT racing games in metaverse will include interesting features, which is said to bring innovation with metaverse advertising through its feature.

www.indiatoday.in/cryptocurrency/story/jumptrade-the-raddx-racing-metaverse-nft-metaverse-gaming-nft-racing-game-2340274-2023-02-27

Blockchain, Tokens & DeFi

Allure of Bitcoin Ordinals, DeFi Drives Crypto Funds to Bitcoin Layer 2-Token Stacks

The price of Stacks’ native STX token has doubled in two weeks on the back of strong growth for Bitcoin-based non-fungible tokens.

www.coindesk.com/markets/2023/02/27/allure-of-bitcoin-ordinals-defi-drives-crypto-funds-to-bitcoin-layer-2-token-stacks

Bitcoin NFTs: What Are Ordinal NFTs and How Do You Mint One?

NFTs on Bitcoin are different from the Ethereum NFTs most people are familiar with. Here’s what you need to know.

www.coindesk.com/learn/bitcoin-nfts-what-are-ordinal-nfts-and-how-do-you-mint-one

Crypto Trading

Binance’s Asset Shuffling Eerily Similar To Maneuvers By FTX

When you’re the world’s largest crypto exchange in a largely unregulated market, it is easy to make up the rules as you go.

www.forbes.com/sites/javierpaz/2023/02/27/binances-asset-shuffling-eerily-similar-to-maneuvers-by-ftx/?sh=36882a7dbccd

Metaverse & Gaming - a little more…

Are AI chatbots coming to Tencent and NetEase games?

The prevalence of artificial intelligence has been growing fast this year, especially in the public eye. From chatbots, to technology converting text to speech, to imitating famous voices and prod...

www.pocketgamer.biz/news/80936/are-ai-chatbots-coming-to-tencent-and-netease-games

Large Japanese firms to develop the

Ten large Japanese tech and financial companies, including Mitsubishi and Mizuho, have partnered to help create the “Japan Metaverse Economic Zone.”

www.kitco.com/news/2023-02-27/Large-Japanese-firms-to-develop-the-Japan-Metaverse-Economic-Zone.html

Tech industry needs to grow beyond its walled gardens to establish VR market, says researcher

Despite recent waves of Big Tech layoffs, billions of dollars have been sunk into virtual reality (VR) hardware and software over the past few years.

techxplore.com/news/2023-02-tech-industry-walled-gardens-vr.html

Blockchain, Tokens & DeFi - a little more…

Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop

Wallet 0xd6 moved more than 182 billion shiba inu tokens to crypto exchanges Gemini and Crypto.com during Asian morning hours on Monday.

www.coindesk.com/markets/2023/02/27/shiba-inu-investor-transfers-tokens-to-exchanges-possibly-foreshadowing-price-drop

Solana outage triggers ballistic reaction from the crypto community

Solana Mobile developer Andrew Watson tweeted that the team chose “security over liveness” and assured community members they are in it for the long haul.

cointelegraph.com/news/solana-outage-triggers-ballistic-reaction-from-the-crypto-community

Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector

The value of cryptocurrencies deposited in liquid staking protocols has increased to about $14 billion, trailing just deposits at decentralized exchanges.

www.coindesk.com/markets/2023/02/27/liquid-staking-replaces-defi-lending-as-second-largest-crypto-sector

Crypto Trading - a little more…

They are scared' Crypto Ecosystem Pushbacks Over International Monetary Fund Control

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance.

www.benzinga.com/markets/cryptocurrency/23/02/31073122/CryptoEcosystem-Pushbacks-Over-IMF

Crypto Twitter Gears Up for a Fight: SEC’s Gensler Dubs ‘Everything Except Bitcoin’ a Security

The stakes have never been higher for crypto, as the SEC’s hardline stance threatens to take down the entire industry.

dailycoin.com/secs-gensler-dubs-everything-except-bitcoin-security

Crypto Price Today: Bitcoin remains below $24,000; Ethereum, Shiba Inu, Solana rise up to 3%

Bitcoin continued to remain below $24,000-mark and Ethereum rose about 3 per cent to hover around $1,650-levels.

www.businesstoday.in/crypto/story/crypto-price-today-bitcoin-remains-below-24000-ethereum-shiba-inu-solana-rise-up-to-3-371536-2023-02-27

Retro:
A look back at how far we’ve come

Are cryptocurrencies securities? The SEC is answering the question

Roger E. Barton, Christopher J. McNamara and Michael C. Ward, of Barton LLP, discuss the growing regulatory scrutiny of cryptocurrencies and the analysis that addresses whether they are securities. … In 2018, Clayton clarified in an interview with CNBC that true cryptocurrencies (i.e., those that simply act as replacements for traditional fiat currency) are commodities rather than securities ("SEC chairman: Cryptocurrencies like bitcoin are not securities" June 6, 2018). This includes cryptocurrencies such as Bitcoin, Ether, and Litecoin.

www.reuters.com/legal/transactional/are-cryptocurrencies-securities-sec-is-answering-question-2022-03-21/#:~:text=In%202018%2C%20Clayton%20clarified%20in,%22%20June%206%2C%202018).

ESG (Environmental, Social & Governance)

Opinion: Clarence Page: Crypto investors show a racial gap. More study is needed, by investors.

Black investors, a new survey reports, have a higher investment rate (25%) in crypto than white investors. The figure is even higher for Black investors under age 40 — 38%. But, before you flock to…

www.dailycamera.com/2023/02/26/opinion-clarence-page-crypto-investors-show-a-racial-gap-more-study-is-needed-by-investors

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