Weekly Virtual Currency News | Focus on Mt. Gox’s repayment, US Silvergate stock price crash, etc.

news of the week

We will deliver the news mainly for one week (2/25-3/3).

This week, the most read article was about the reimbursement of the crypto asset (virtual currency) exchange MT GOX (Mount Gox), which went bankrupt in 2014.

Regarding the market, the February 27 report that summarizes the rebound of the Bitcoin (BTC) price to the $23,500 level and the occurrence of a problem with Solana (SOL) is attracting attention.

In addition, the trend of Silvergate in the United States also attracted a lot of attention.

table of contents

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Mount Gox, soon to start repayment such as Bitcoin (3/2)

Payments to Mt Gox creditors are expected to begin soon. Some creditors expect payment could come as early as this month. (the article ishere)

2nd place: Four companies, including Shikoku Bank, test stablecoins with Ethereum-compatible blockchains (3/2)

GUTechnologies, a Japanese company that develops Web3 infrastructure, has started a proof-of-concept to issue stablecoins on the 2nd, based on the blockchain “Japan Open Chain,” which is said to be fully compatible with Ethereum (ETH). announced. Financial institutions such as Shikoku Bank will participate. (the article ishere)

3rd place: 10 domestic companies including 3 megabanks, utilizing Web3 technology to build metaverse infrastructure (2/28)

3 megabanks and 10 domestic companies including Fujitsu announced on the 27th that they had signed a basic agreement to create a “Japan Metaverse economic zone.” Utilizing Web3 technology, we will build an open metaverse platform for companies, “Ryugu Koku (provisional)”. (the article ishere)

Market news ranking

1st place: Bitcoin rebounds to the $ 23,500 level, Solana recovers from large-scale failure (2/27)

Bitcoin price rebounded by 1.66% higher than the previous day. The problem with the validator software that occurred in Solana has been fixed. (the article ishere)

2nd place: Regulatory pressure intensifies in the cryptocurrency market, bitcoin stays in the latest high range (2/28)

In the wake of the FTX bankruptcy in November of last year, the pressure from regulators, especially in the United States, has intensified. Bitcoin’s price fell 0.46% from the previous day to $23,498, but it remained in the recent high range. there is (the article ishere)

3rd place: Bitcoin plummeted due to large-scale loss cut, stock price crash of Silver Gate Bank holding company, which handles virtual currency business (3/3)

Bitcoin price plummeted due to large-scale loss cuts. It fell 4.91% from the previous day to $22,347. On this day, attention was also focused on the movements of Silvergate Capital, the parent company of Silvergate Bank and the US bank holding company. (the article ishere)

Virtual Currency/Blockchain Industry News

U.S. Silvergate stock price plunge Following the suspension of trading with U.S. Coinbase and others (3/3)

Coinbase said on Wednesday it was suspending remittance transactions with Silvergate Capital Bank. Other cryptocurrency companies have followed suit, following concerns about Silvergate’s financial health. (the article ishere)

Ethereum plans to launch new testnet “Holli” to improve test environment (2/25)

Ethereum plans to launch a new testnet called Holli. The rapid increase in the use of the testnet by app developers has created a problem that users cannot obtain enough Ethereum for the testnet. (the article ishere)

Visa executive denies reports that it will suspend new partnerships with virtual currency companies (3/1)

Cuy Sheffield, head of the cryptocurrency division at payment giant Visa, denied a Reuters report on the company on the 1st. Reuters reported on February 28, citing sources, that “Visa and Mastercard have suspended new partnerships with cryptocurrency companies following the bankruptcy of a prominent company.” (the article ishere)

Coinbase to suspend BUSD trading (2/28)

Coinbase announced on the 27th that it will suspend trading of the stablecoin BUSD. He said it would take place on March 13th, citing listing criteria as the reason. (the article ishere)

“There is a good chance that Solana will be revived,” US coinbase evaluates in a report (2/27)

US Coinbase released a report on Solana on the 22nd. With its differentiated technology base and healthy network activity indicators, Solana is highly likely to reclaim its position as a competitor to Ethereum. (the article ishere)

Binance announces AI-based NFT creation tool “Bicasso” (3/2)

Binance has released a beta version of AI-powered NFT (non-fungible token) generator “Bicasso” on the 1st. The tool is similar to Web2’s AI image creation services DALL-E and Midjourney, which generate new images based on written prompts and uploaded images. (the article ishere)

Bitcoin Punks, etc. surge in trading volume, following the announcement of Yuga Labs’ bitcoin NFT release (3/1)

Yuga Labs, which handles NFTs such as “Bored Ape Yacht Club (BAYC)”, announced plans to release a new NFT collection “TwelveFold” on Bitcoin on the 27th. TwelveFold is a generative art collection of 300 pieces. (the article ishere)