While we don’t have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.
Prices of Top Cryptocurrencies
Tweets & Charts of the week
Articles & Videos
The New York Post reported that crypto commercials are banned from appearing as Super Bowl ads following the FTX collapse. Concern over the now-disgraced crypto firm and the arrest of its founder have left the biggest game of the year steering clear from crypto. Mark Evans, Executing Vice President of ad sales for Fox Sports, told the Associated Press that “there’s zero representation in that category at all,” in this year’s Super Bowl. Moreover, stating that several crypto companies had made efforts, with FTX’s downfall quickly disintegrating those opportunities.
The Bank of England has officially launched its digital pound CBDC project as a “new form of money,” for households and businesses. An official paper distributed by the Bank of England and Treasury outlines the new project and the various facets of the digital pound.
As artificial intelligence hype takes off, some of the crypto projects working with AI are also taking off. AGIX, an AI native token of SingularityNET, is capitalizing on this as it has tallied huge gains since the start of 2023. In the past week, the token has climbed 170% from $0.17 to $0.46, with AGIX up at the time of publication by 36.9% in the last 24 hours.
Binance will suspend U.S. dollar withdrawals and deposits for international customers beginning Feb. 8, the company said. It did not provide a reason as to why. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told CNBC. “Affected customers are being notified directly.”
A quick meme break
Back to it
Luxury rehabilitation centres in the UK are now offering rehab services for crypto addiction. This story outlines some of the first people who went there and how one man was putting $200,000 every week into the crypto market trying to trade.
The week in crypto: Take a look at IG’s wrap up of the week in crypto markets and what is driving up the prices of many assets.
Video: There will be no cryptocurrency ads shown during the Superbowl this year after the show was full of ads last year. It costs $7 million for a 30 second ad slot during the Superbowl.
You may have noticed there are a bunch of scams around at the moment trying to steal money. They are getting more cunning too. From ‘hi mum’ to crypto scams – here are the ones to watch out for at the moment.
And another
In Focus: Superbowl ads
Last years Superbowl was Crypto’s coming out party. It had finally arrived in the mainstream and we saw ads littered across the Superbowl coverage. This year, they’ll be missing. This article looks at why the party is over (for now).
[Read the article]
The Crypto Curious podcast is back for the year! So what did you miss? It has been a thrilling start to the year in the crypto world we provide our usual update on the market for January. And as the dust settles, we’ll delve into whether this bull run is here to stay or if it’s a short lived pump.
[Listen to the episode here]
Some more of our favourite content
This is an excerpt from our Crypto Newsletter email. Once a week, for those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.