Fetch.ai partners with Bosch to form a foundation to promote industrial applications using Web3 technology
Bosch, a leading global supplier of technology and services and Fetch.ai are announcing their new partnership to form a new Web3 foundation — Fetch.ai Foundation.
The partnership aims to research, develop and harness Web3 technology for real-world use cases that will span across mobility, industrial, and consumer domains.
Binance takes over 98% of all Bitcoin spot trading volume
Binance’s $6.8 billion volume dominates others in the market. The exchange has been gathering more market share by increasing its spot trading of BTC — over 5% growth since Jan. 2023.
Additionally, Binance’s market share for spot volume has been continuously growing over the past year — which now amounts to almost 100% of the market share.
OKX Proof of Reserves report shows $8.6B in clean assets
Crypto exchange OKX has published its fourth monthly Proof of Reserves (PoR) showing $8.6 billion held in clean assets, including BTC, ETH, and USDT.
The exchange reserve holds about $485.3 million in BTC, $338.2 million in ETH, and $199.9 million in USDT, according to the OKX Nansen dashboard. Overall the OKX reserve is over-collateralized, with a reserve ratio of 104% each for BTC and ETH, while the USDT reserve ratio sits at 102%.
Helium sets Solana migration for March 27
Helium Network migration to Solana now has a proposed date as it is set to happen on March 27, according to the announcement from its foundation.
According to Helium, Solana offers speed, scalability, wallet compatibility, and a viable ecosystem to help its development plans. Migrating to Solana will also represent an upgrade for Helium.
$48,800,000 in Ethereum has now burned as second-largest crypto asset becomes deflationary
The second-largest cryptocurrency by market cap has been a deflationary asset since mid-January, thanks to a recent upgrade known as EIP-1559.
Since the upgrade, each time an ETH transaction is sent, a percentage of the transaction fee is permanently removed from Ethereum’s circulating supply. In total, 28,730 ETH worth $48,885,818 has burned since the merge, which was 157 days ago.
Crypto exchange FTX Japan to resume withdrawals on Feb. 21
According to a press release on Feb. 20, FTX Japan, the Japanese subsidiary of troubled cryptocurrency exchange FTX, announced that the withdrawal of users’ fiat currency and crypto assets would commence via the Liquid Japan web platform at 12:00 pm on Feb. 21.
Following the above news, FTT, the utility token of the FTX exchange – spiked to $1.98. FTT has corrected back to $ 1.69, up 4.75% after 24 hours.
Alchemy Pay token price spikes 57% following support for Google Pay
Leading fiat-crypto payment gateway Alchemy Pay has announced its support for Google Pay — allowing Android phone users to purchase crypto directly with their bank cards.
Following the announcement, Alchemy Pay’s native token (ACH) surged up to a local high of $0.045 — recording a 57% gain in the last 24 hours. ACH has sustained an uptrend in recent times — recording a 187% gain in the 7-day time frame and a cumulative of 325% over the last 30 days.
Huobi Global is applying for a crypto trading license in Hong Kong
According to Justin Sun, Houbi Global has announced that it’s applying for a crypto trading license in Hong Kong. With the new license, Huobi will be able to expand its services and offerings to customers in Hong Kong, providing a wider range of crypto trading and investment options.
In addition to the licensing news, Huobi is also launching a new exchange in Hong Kong, aptly named Huobi Hong Kong. The exchange will be fully compliant with local regulations and offer a range of trading pairs and services to customers.
Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time
A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once again.
With the BTC price currently at $24,365, its market cap of $470.16 billion is now marginally above that of Visa, which has a market cap of $469.87 billion, according to CoinMarketCap.
Hong Kong successfully offered inaugural $100M tokenized green bond
Hong Kong’s government successfully issued its first tokenized green bond of 800 million Hong Kong dollars (US$101 million). Green bond tokenization is one of the pilot projects announced in the Government’s Policy Statement on Development of Virtual Assets in Hong Kong.
Through a clear policy stance and road map, the Government will work towards providing a facilitating environment to promote sustainable and responsible development of the virtual assets sector.