Hundreds of fake “ChatGPT” tokens appear, Bitcoin is a golden cross[Top news from 2/18 to 2/24]| coindesk JAPAN

These fake cryptocurrency trading volumes (albeit fraudulent in some cases) give us a glimpse that the dream of cryptocurrency price surges is alive and well.

The measures against stablecoin Binance USD (BUSD) and its issuer Paxos are specific to BUSD and cannot be applied to other stablecoins such as USD Coin (USDC), the investment firm said. Bernstein said in a Feb. 16 research report.

On February 17th, OpenSea, a popular NFT marketplace, announced that it would temporarily abolish fees, intensifying the market share battle with Blur, which is gaining popularity due to its free fees.

Tensions between Blur and OpenSea increased with the release of Blur’s native token on February 14th. On the following day, the 15th, Blur’s trading volume surpassed OpenSea’s for the first time since its inception in October.

Bitcoin (BTC) made a rare “golden cross” on Feb. 18, a bullish signal that generally portends short-term gains.

Since 2015, Bitcoin has experienced only six golden crosses. Last time was August 14, 2021.

Paxos CEO Charles Cascarilla told employees on February 18 that they are having “constructive discussions” with the SEC (U.S. Securities and Exchange Commission). said in an email to

The SEC has pointed out that its stablecoin, Binance USD (BUSD), may violate federal securities laws.

Many existing stablecoins will not meet the “high-level” recommendations soon to be set by global standard-setting bodies like the Financial Stability Board (FSB), said FSB Chairman Klaas Knot. said on February 20.

In future guidance, the FSB will aim to strengthen stablecoin governance frameworks, redemption rights and stabilization mechanisms, Knot said in a letter to G20 finance ministers and central bank governors.

The Hong Kong Securities and Futures Commission (SFC) has taken a “protective regulation” approach to cryptocurrencies, in contrast to recent heavy-handed regulations in the United States, according to investor Bernstein, the company, said in a Feb. 20 research report.

Take advantage of the conversational AI “ChatGPT”, which has become a hot topic beyond the IT industry, and make money by issuing fake crypto assets using that name, even though there is no formal relationship. Malicious market participants are appearing.

Hundreds of fake ChatGPT tokens have been issued in recent weeks. More than 130 use the BNB chain, 25 use Ethereum, and 10 use blockchains such as Solana, Arbitrum and Cronos.

Arbitrum has seen the fastest user growth of any major blockchain, investment firm Bernstein said in a February 20 research report. He also noted that project tokens traded on the network were among the best performers of the year.

OKCoin Japan announced on February 20 that it will start handling The Sandbox (SAND) from 17:00 on February 27 at OKCoinJapan, a crypto asset (virtual currency) exchange operated by the company.

On February 21, Coinbase, a major crypto asset trading company, announced its financial results for the fourth quarter (October-December 2022). Net revenue was $605 million, beating analysts’ expectations of $588 million and up 5% from $590 million in the third quarter.

Crypto asset (virtual currency) mining company Hive Blockchain saw its revenue and total mining margin drop by about 50% after switching to Proof-of-Stake (PoS) on the Ethereum blockchain. It slipped into the red in the third quarter.

At the Coincheck IEO of the cryptocurrency exchange Coincheck, the application amount for “Financier Token (FNCT)”, for which purchase applications began on February 21, reached 1 billion, the total sales amount (target procurement amount), in just one hour from the start. Exceeded 66 million yen. Financier announced on the 22nd.

The “Ordinal NFT,” which sparked a 50% rally in STX earlier this week, has the potential to propel STX into a $1 billion token, Matrixport said Feb. 22. said in a daily report.

Google Cloud becomes a validator for the Tezos Network.

Google Cloud’s corporate customers will be able to deploy Tezos nodes (a type of computer that runs blockchain software to verify and store transaction histories) and build Web3 applications on the network.

On February 22, a court ruled that an NFT dubbed “Moment” from “NBA Top Shot” offered by Dapper Labs could be a security.

He also said that although Dapperlab’s blockchain native crypto asset flow (FLOW) is not necessarily a security, it “is integral to the overall scheme in question.”

On February 22, Securitize Japan, which provides a security token (ST)/digital securities issuance and lifecycle management platform, collaborated with Mizuho Research & Technologies and NTT DATA to create a “digital Engagement Platform” has been built.

On February 23, Coinbase, a major US crypto asset trading company, began operating a testnet for its Layer 2 blockchain “Base” with the aim of acquiring new users. However, it doesn’t seem to get off to a smooth start, with complaints and criticism pouring in on Twitter.

LINE Xenesis, which develops LINE’s crypto asset business and blockchain-related business, announced on February 24 that it plans to integrate “LINE BITMAX Wallet” into the dedicated wallet “DOSI Wallet” of the global NFT platform “DOSI”.

Mizuno has been selling “MIZUNO NFT COLLECTION” on February 24th at OpenSea, a major NFT marketplace. The launch of NFT is the company’s first initiative.

｜Text and editing: coindesk JAPAN editorial department
｜Image: Shutterstock