TRX will become legal tender in a major country
Justin Sun, the founder of Tron, just announced that Tron’s cryptocurrency TRX would become legal tender in a major country.
According to Justin Sun, making TRX and its ecosystem tokens legal tender means that they will be recognized by the government as a valid form of payment for goods and services.
South Korea to deploy cryptocurrency tracking system in 2023
The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.
The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.
State senator pushes bill to make Bitcoin legal tender in Arizona
Wendy Rogers, an Arizona state senator in the United States, cited data from investment firm Goldman Sachs that BTC is the best-performing asset in the world.
The senator announced that she launched a set of bills concerning cryptocurrency, including one that aims to make Bitcoin legal tender in Arizona.
Cardano records 50,000 new wallets
Cardano has seen its market share increase considerably, adding over 50,000 wallets to its protocol this month. According to Yevhen, a Cardano ambassador, the total Cardano wallets increased from 3,842,867 on January 1 to 3,894,735 registered wallets by January 25, 2023.
This growth reflects increased adoption of ADA and more on-chain activity among users. Cardano’s market cap has also exploded from $8.48 billion recorded late last year to $13 billion today.
White House Calls on Congress to ‘step up its efforts’ on crypto regulation
Four senior U.S. officials in the Biden administration published a statement on Friday urging Congress to expand regulators’ powers to prevent misuses of customers’ assets and to mitigate conflicts of interest.
Other suggestions for Congress in the statement included strengthening transparency and disclosure requirements for crypto companies, strengthening penalties for violations of illicit-finance rules, and working more closely with international law enforcement partners.
California DMV to digitize car title management system via Tezos
The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain.
California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers.
Highlights of the week
EU selects $IOTA to test blockchain technology
$CFX announced integration with China’s Little Red Book
$AAVE V3 has officially deployed on the Ethereum mainnet
Pantera, Jump Crypto back $150 million $INJ ecosystem fund
$SHIB1000 now accepted at Vietnam’s top water sports destination
Developers finalize first ‘shadow fork’ for $ETH Shanghai upgrade
$XLM Foundation selected for position on new CFTC advisory committee
Aave V3 has officially deployed on the Ethereum mainnet
On January 27, Aave has just completed the formal deployment of the Aave V3 version of its protocol onto the mainnet of Ethereum.
The V3 version would have a number of unique enhancements such as an eMode mode (which increases the platform’s capital efficiency) and an isolation mode (which helps assure the platform’s liquidity).
EU selects IOTA to test blockchain technology
IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the next stage of testing and development for an initiative that aims to enhance pan-European blockchain services through a distributed ledger system.
The project, known as European Blockchain Pre-Commercial Procurement (PCP), seeks to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
Floki (FLOKI) suddenly jumps 30% on major listing news
FLOKI was up 29.98% in the last 24 hours at $0.00001696, and it was also up 49.11% weekly. Its 24-hour trading volume increased by 300% as traders took advantage of the recent volatility.
Saturday’s move follows after the Singapore-based MEXC exchange announced what would be Floki’s first futures listing.