Top Stories This Week<\/strong><\/h2>\nUnsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges<\/strong><\/strong><\/h3>\nFormer FTX CEO Sam Bankman-Fried<\/a> (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify<\/a> his bail terms, Bankman-Fried\u2019s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs.<\/p>\nEthereum Shapella upgrade gets new date, making way for un-staking ETH<\/strong><\/h3>\nEthereum core developer<\/a> Tim Beiko announced the blockchain\u2019s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March.<\/p>\n\nRead also<\/p>\n
\n\n
\n Features<\/span><\/p>\n5 years of the \u2018Top 10 Cryptos\u2019 experiment and the lessons learned<\/p>\n
<\/a>\n <\/div>\n
\n
\n Features<\/span><\/p>\nWhy are crypto fans obsessed with micronations and seasteading?<\/p>\n
<\/a>\n <\/div>\n<\/div>\n<\/div>\n
US lawmaker introduces bill aimed at limiting Fed\u2019s authority on digital dollar<\/strong><\/h3>\nUnited States Representative<\/a> Tom Emmer has introduced legislation that could limit the Federal Reserve from issuing a central bank digital currency (CBDC). According to Emmer, the CBDC Anti-Surveillance State Act seeks to protect Americans\u2019 right to financial privacy. The bill could prohibit the Fed from issuing a digital dollar \u201cdirectly to anyone,\u201d bar the central bank from implementing monetary policy based on a CBDC, and require transparency for projects related to a digital dollar.<\/p>\n<\/strong>Emojis count as financial advice and have legal consequences, judge rules<\/strong><\/h3>\nA United States District Court judge<\/a> ruled that emojis like the rocket ship, stock chart and money bags mean \u201ca financial return on investment.\u201d The decision is part of a recent court filing regarding Dapper Labs\u2019 motion to dismiss a complaint alleging that its NBA Top Shot Moments NFTs violated security laws<\/a>. In a tweet, former U.S. Securities and Exchange Commission (SEC) Enforcement Branch Chief Lisa Braganca warned users of the potential legal consequences of using emojis that may indicate future gains.<\/p>\nAnkr partners with Microsoft to offer enterprise node services<\/strong><\/h3>\nMicrosoft has partnered with decentralized<\/a> blockchain infrastructure provider Ankr to provide a novel node-hosting service on the Microsoft Azure Marketplace. This partnership will integrate the technology of both companies, pairing Ankr\u2019s blockchain infrastructure with Microsoft\u2019s cloud solutions. The enterprise node deployment service will offer low-latency blockchain connections for Web3 projects. The service relays transactions, deploys smart contracts and can read or write blockchain data.<\/p>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/02\/Alex-Gladstein-1024x682.png\")
<\/figure>\nWinners and Losers<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/02\/WL-feb-25-01-1024x826.jpg\")
<\/figure>\nAt the end of the week, Bitcoin (<\/strong>BTC<\/strong><\/a>)<\/strong> is at $23,245<\/strong>, Ether (<\/strong>ETH<\/strong><\/a>)<\/strong> at $1,596<\/strong> and XRP<\/strong><\/a> at $0.37<\/strong>. The total market cap is at $1.06 <\/strong>trillion, according<\/a> to CoinMarketCap.<\/p>\nAmong the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Stacks (STX) <\/strong>at 122.16%, Conflux (CFX) <\/strong>at 95.19% and Ankr (ANKR) <\/strong>at 38.31%.<\/p>\nThe top three altcoin losers of the week are Fantom (FTM) <\/strong>at -16.07%, dYdX (DYDX) <\/strong>at -13.26% and Loopring (LRC) <\/strong>at -14.41%.<\/p>\nFor more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/p>\n\nRead also<\/p>\n
\n\n
\n Features<\/span><\/p>\nCrypto as a \u2018public good\u2019 in the 22nd century<\/p>\n
<\/a>\n <\/div>\n
\n
\n Features<\/span><\/p>\nThe Invisible Man of the Visible World: How Blockchain Could Offer New Hope to Stateless Rohingya<\/p>\n
<\/a>\n <\/div>\n<\/div>\n<\/div>\n
Most Memorable Quotations<\/strong>
<\/h2>\n\n\u201cI think it\u2019s time for the Treasury, the Feds, the CFTC, the SEC, all of us better get together on crypto.\u201d<\/p>\n<\/blockquote>\n
Maxine Waters<\/strong><\/a>, U.S. representative for California<\/strong><\/strong><\/p>\n\n\u201cWhere the democracies have broken down, I do think it\u2019s very clearly related to fiat currency, and I do think that Bitcoin fixes this in a way.\u201d<\/p>\n<\/blockquote>\n
Alex Gladstein<\/strong><\/a>, chief strategy officer at the Human Rights Foundation<\/strong><\/p>\n\n\u201cBitcoin mining can really push the envelope around innovation and investment in renewables in a truly significant way.\u201d<\/p>\n<\/blockquote>\n
Jaime Leverton<\/strong><\/a>, CEO of Hut 8<\/strong><\/p>\n\n\u201cBy acting without Congressional authorization, [the SEC] continues to contribute to a chaotic regulatory environment, harming the very investors it is charged to protect.\u201d<\/p>\n<\/blockquote>\n
Chamber of Digital Commerce<\/strong><\/a><\/p>\n\n\u201cThe days of crypto companies like CoinEx acting like the rules do not apply to them are over.\u201d<\/p>\n<\/blockquote>\n
Letitia James<\/strong><\/a>, New York attorney general<\/strong><\/p>\n\n\u201cClinically, we have certainly seen an increase in people coming to therapy who report difficulties in managing their crypto trading behavior.\u201d<\/p>\n<\/blockquote>\n
Anastasia Hronis<\/strong><\/a>, Australian clinical psychologist<\/strong><\/p>\nPrediction of the Week\u00a0<\/strong><\/h2>\nBitcoin eyes 25% of world\u2019s wealth in new $10M BTC price prediction<\/strong><\/h3>\nBitcoin may struggle with \u201cbrutal\u201d volatility<\/a>, but hodlers and critics alike should be in no doubt about its long-term price trajectory, fund manager and Bitcoin expert advisor Jesse Myers said while revealed his own \u201coutrageous\u201d BTC price target.<\/p>\nAnalyzing Bitcoin\u2019s value proposition, he argues that Bitcoin\u2019s ability to appreciate over time means that it is all but destined to suck in value from other asset classes.<\/p>\n
\u201cMy conservative estimates suggest an outrageous full potential for Bitcoin\u2019s price: $10m\/Bitcoin, in today\u2019s dollars. To put this another way, I believe Bitcoin\u2019s full potential is to eat ~25% of the world\u2019s value\u2026 while today it constitutes just 0.05%. That\u2019s absurd. That means that I believe Bitcoin could 500x over the coming decades, in real (inflation-adjusted) terms,\u201d Myers wrote.<\/p>\n
FUD of the Week\u00a0<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/02\/Maxine-Waters-1024x682.png\")
<\/figure>\n<\/h3>\n<\/strong><\/strong>US crypto regulation happening \u2018behind closed doors\u2019 \u2014 Blockchain Association CEO<\/strong><\/h3>\nBlockchain Association CEO<\/a> Kristin Smith says Congress needs to take control of crypto legislation and ensure it is an \u201copen process\u201d by looking at the market comprehensively. Despite regulators working \u201cvery quickly,\u201d legislation is moving \u201cbehind closed doors,\u201d Smith observed, emphasizing the importance of industry involvement in an \u201copen process\u201d that includes Congress.<\/p>\n<\/strong>US regulatory crackdown leads to $32M digital asset outflows<\/strong><\/h3>\nInstitutional crypto fund manager<\/a> CoinShares reported that digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year. The outflow comes in the wake of a massive crackdown on the digital asset industry by the U.S. securities regulator targeting everything from staking services to stablecoins and crypto custody.<\/p>\nKim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit<\/strong><\/h3>\nKim Kardashian, Floyd Mayweather<\/a> and other celebrities are hoping to convince a judge to dismiss another attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without appropriate disclosure. Recently, the U.S. SEC issued a warning to celebrities who promote crypto, reminding them that the law requires them to disclose how much they are being paid and by whom.<\/p>\nBest Cointelegraph Features<\/strong><\/h2>\n![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/02\/Jaime-Leverton-1024x682.png\")
<\/figure>\n<\/strong>Breakdancing medic\u2019s NFT auctioned at Sotheby\u2019s \u2014 Grant Yun, NFT creator<\/strong><\/strong><\/strong><\/h3>\nSimple storytelling through digital art<\/a> has led this medical student and breakdancer to be featured at Sotheby\u2019s.<\/p>\nGreen consumers want supply chain transparency via blockchain<\/strong><\/strong><\/h3>\n
Former FTX CEO Sam Bankman-Fried<\/a> (SBF) was charged on four new criminal counts by a federal judge presiding over his case. According to a superseding indictment, there are now 12 criminal charges against Bankman-Fried, including eight conspiracy charges related to fraud as well as four charges of wire fraud and securities fraud. In an attempt to possibly modify<\/a> his bail terms, Bankman-Fried\u2019s attorneys will hire a security expert to assist the federal judge overseeing his fraud case. The technical expert will help the judge navigate issues regarding encrypted messages, privacy-focused messaging apps and VPNs.<\/p>\n Ethereum core developer<\/a> Tim Beiko announced the blockchain\u2019s Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Major changes to the consensus layer include full and partial withdrawals for validators and independent state and block historical accumulators, replacing the original singular historical roots. After the Sepolia fork, the next step would be the release of the Shanghai upgrade on the Ethereum Goerli test network, planned for March.<\/p>\n Read also<\/p>\n 5 years of the \u2018Top 10 Cryptos\u2019 experiment and the lessons learned<\/p>\n <\/a>\n <\/div>\n Why are crypto fans obsessed with micronations and seasteading?<\/p>\n <\/a>\n <\/div>\n<\/div>\n<\/div>\n United States Representative<\/a> Tom Emmer has introduced legislation that could limit the Federal Reserve from issuing a central bank digital currency (CBDC). According to Emmer, the CBDC Anti-Surveillance State Act seeks to protect Americans\u2019 right to financial privacy. The bill could prohibit the Fed from issuing a digital dollar \u201cdirectly to anyone,\u201d bar the central bank from implementing monetary policy based on a CBDC, and require transparency for projects related to a digital dollar.<\/p>\n A United States District Court judge<\/a> ruled that emojis like the rocket ship, stock chart and money bags mean \u201ca financial return on investment.\u201d The decision is part of a recent court filing regarding Dapper Labs\u2019 motion to dismiss a complaint alleging that its NBA Top Shot Moments NFTs violated security laws<\/a>. In a tweet, former U.S. Securities and Exchange Commission (SEC) Enforcement Branch Chief Lisa Braganca warned users of the potential legal consequences of using emojis that may indicate future gains.<\/p>\n Microsoft has partnered with decentralized<\/a> blockchain infrastructure provider Ankr to provide a novel node-hosting service on the Microsoft Azure Marketplace. This partnership will integrate the technology of both companies, pairing Ankr\u2019s blockchain infrastructure with Microsoft\u2019s cloud solutions. The enterprise node deployment service will offer low-latency blockchain connections for Web3 projects. The service relays transactions, deploys smart contracts and can read or write blockchain data.<\/p>\n At the end of the week, Bitcoin (<\/strong>BTC<\/strong><\/a>)<\/strong> is at $23,245<\/strong>, Ether (<\/strong>ETH<\/strong><\/a>)<\/strong> at $1,596<\/strong> and XRP<\/strong><\/a> at $0.37<\/strong>. The total market cap is at $1.06 <\/strong>trillion, according<\/a> to CoinMarketCap.<\/p>\n Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Stacks (STX) <\/strong>at 122.16%, Conflux (CFX) <\/strong>at 95.19% and Ankr (ANKR) <\/strong>at 38.31%.<\/p>\n The top three altcoin losers of the week are Fantom (FTM) <\/strong>at -16.07%, dYdX (DYDX) <\/strong>at -13.26% and Loopring (LRC) <\/strong>at -14.41%.<\/p>\n For more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/p>\n Read also<\/p>\n Crypto as a \u2018public good\u2019 in the 22nd century<\/p>\n <\/a>\n <\/div>\n The Invisible Man of the Visible World: How Blockchain Could Offer New Hope to Stateless Rohingya<\/p>\n <\/a>\n <\/div>\n<\/div>\n<\/div>\n \u201cI think it\u2019s time for the Treasury, the Feds, the CFTC, the SEC, all of us better get together on crypto.\u201d<\/p>\n<\/blockquote>\n Maxine Waters<\/strong><\/a>, U.S. representative for California<\/strong><\/strong><\/p>\n \u201cWhere the democracies have broken down, I do think it\u2019s very clearly related to fiat currency, and I do think that Bitcoin fixes this in a way.\u201d<\/p>\n<\/blockquote>\n Alex Gladstein<\/strong><\/a>, chief strategy officer at the Human Rights Foundation<\/strong><\/p>\n \u201cBitcoin mining can really push the envelope around innovation and investment in renewables in a truly significant way.\u201d<\/p>\n<\/blockquote>\n Jaime Leverton<\/strong><\/a>, CEO of Hut 8<\/strong><\/p>\n \u201cBy acting without Congressional authorization, [the SEC] continues to contribute to a chaotic regulatory environment, harming the very investors it is charged to protect.\u201d<\/p>\n<\/blockquote>\n Chamber of Digital Commerce<\/strong><\/a><\/p>\n \u201cThe days of crypto companies like CoinEx acting like the rules do not apply to them are over.\u201d<\/p>\n<\/blockquote>\n Letitia James<\/strong><\/a>, New York attorney general<\/strong><\/p>\n \u201cClinically, we have certainly seen an increase in people coming to therapy who report difficulties in managing their crypto trading behavior.\u201d<\/p>\n<\/blockquote>\n Anastasia Hronis<\/strong><\/a>, Australian clinical psychologist<\/strong><\/p>\n Bitcoin may struggle with \u201cbrutal\u201d volatility<\/a>, but hodlers and critics alike should be in no doubt about its long-term price trajectory, fund manager and Bitcoin expert advisor Jesse Myers said while revealed his own \u201coutrageous\u201d BTC price target.<\/p>\n Analyzing Bitcoin\u2019s value proposition, he argues that Bitcoin\u2019s ability to appreciate over time means that it is all but destined to suck in value from other asset classes.<\/p>\n \u201cMy conservative estimates suggest an outrageous full potential for Bitcoin\u2019s price: $10m\/Bitcoin, in today\u2019s dollars. To put this another way, I believe Bitcoin\u2019s full potential is to eat ~25% of the world\u2019s value\u2026 while today it constitutes just 0.05%. That\u2019s absurd. That means that I believe Bitcoin could 500x over the coming decades, in real (inflation-adjusted) terms,\u201d Myers wrote.<\/p>\n Blockchain Association CEO<\/a> Kristin Smith says Congress needs to take control of crypto legislation and ensure it is an \u201copen process\u201d by looking at the market comprehensively. Despite regulators working \u201cvery quickly,\u201d legislation is moving \u201cbehind closed doors,\u201d Smith observed, emphasizing the importance of industry involvement in an \u201copen process\u201d that includes Congress.<\/p>\n Institutional crypto fund manager<\/a> CoinShares reported that digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year. The outflow comes in the wake of a massive crackdown on the digital asset industry by the U.S. securities regulator targeting everything from staking services to stablecoins and crypto custody.<\/p>\n Kim Kardashian, Floyd Mayweather<\/a> and other celebrities are hoping to convince a judge to dismiss another attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without appropriate disclosure. Recently, the U.S. SEC issued a warning to celebrities who promote crypto, reminding them that the law requires them to disclose how much they are being paid and by whom.<\/p>\n Simple storytelling through digital art<\/a> has led this medical student and breakdancer to be featured at Sotheby\u2019s.<\/p>\nEthereum Shapella upgrade gets new date, making way for un-staking ETH<\/strong><\/h3>\n
\n Features<\/span><\/p>\n
\n Features<\/span><\/p>\nUS lawmaker introduces bill aimed at limiting Fed\u2019s authority on digital dollar<\/strong><\/h3>\n
<\/strong>Emojis count as financial advice and have legal consequences, judge rules<\/strong><\/h3>\n
Ankr partners with Microsoft to offer enterprise node services<\/strong><\/h3>\n
<\/figure>\nWinners and Losers<\/strong><\/h2>\n
<\/figure>\n
\n Features<\/span><\/p>\n
\n Features<\/span><\/p>\nMost Memorable Quotations<\/strong>
<\/h2>\n\n
\n
\n
\n
\n
\n
Prediction of the Week\u00a0<\/strong><\/h2>\n
Bitcoin eyes 25% of world\u2019s wealth in new $10M BTC price prediction<\/strong><\/h3>\n
FUD of the Week\u00a0<\/strong><\/h2>\n
<\/figure>\n<\/h3>\n
<\/strong><\/strong>US crypto regulation happening \u2018behind closed doors\u2019 \u2014 Blockchain Association CEO<\/strong><\/h3>\n
<\/strong>US regulatory crackdown leads to $32M digital asset outflows<\/strong><\/h3>\n
Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit<\/strong><\/h3>\n
Best Cointelegraph Features<\/strong><\/h2>\n
<\/figure>\n<\/strong>Breakdancing medic\u2019s NFT auctioned at Sotheby\u2019s \u2014 Grant Yun, NFT creator<\/strong><\/strong><\/strong><\/h3>\n
Green consumers want supply chain transparency via blockchain<\/strong><\/strong><\/h3>\n
![\"Subscribe](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\")
![\"\"](\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2019\/08\/favicon.png\")