Reddit co-founder Alexis Ohanian purchased 50,000 Ether ETH for only $15,000 during the 2014 pre-sale. Because of his Armenian heritage, he found the idea of a decentralized store of value appealing, making it worth a whopping $82.5 million at current prices. His family’s heirloom rugs were seized by Turkish soldiers during the Armenian genocide in World War I, sparking his interest in “unseizable property”. Alexis Ohanian, the founder of Web3 Antivirus, believes strongly in self-custody and manages the private keys to some of his most valuable crypto-related investments. He saw the potential for developers to create a wide range of potentially unseizable assets on top of Ethereum and made an initial investment in Ether. News Sorce

The Mastercard-Immersve collaboration employs decentralized protocols to settle real-time cryptocurrency transactions on websites that accept Mastercard payments. Users will be able to use their existing Web3 wallets to make direct crypto payments without requiring collateral from a third party. Web3 wallets and decentralized finance protocols can also be integrated into Immersve’s APIs and smart contracts to enable transactions anywhere Mastercard is accepted. Mastercard has formed numerous alliances in order to remain relevant in the crypto ecosystem. News Sorce

As a result of the recent two weeks’ strong market attitude and prices reaching a multi-month high, Solana (SOL) increased by 11% to start the week. Earlier in the day, Bitcoin Cash (BCH) climbed to its greatest level in the previous few months, reaching a high of $146.83. The 10-day moving average is getting ready to cross over with its 25-day (blue) counterpart, and the 14-day RSI has risen past its own maximum of 62.58. News Sorce

Klaas Knot, the head of the Financial Stability Board (FSB), has described how the group intends to confront major threats to financial stability this year, such as cryptocurrency and decentralized finance (DeFi). The FSB has an ambitious work schedule to complete a regulatory framework for crypto assets in 2023, and it will make suggestions for particular standard-setting bodies and oversee their implementation. The “same risk, same regulation” guiding principles for financial market infrastructures are extended to stablecoins by the BIS and International Organization of Securities Commissions. News Sorce

The next cryptocurrency bull run, according to American investor and co-founder of the Gemini cryptocurrency exchange Cameron Winklevoss, will originate in Asia, leaving America with two choices: embrace cryptocurrency or fall behind. Central & Southern Asia and Oceania (CSAO), which received $932 billion in cryptocurrency value between July 2021 and June 2022, was the third-largest cryptocurrency market in 2022, according to Chainalysis. Former CEO of the massive crypto derivatives company BitMEX Arthur Hayes has stated that Hong Kong may serve as both a hub for Chinese money and Beijing’s test market for its new cryptocurrency marketplaces.Paul Chan, the financial secretary of Hong Kong, disclosed legislation in December to establish a licensing system for virtual asset service providers, sparking speculation that the regulatory easing in Hong Kong will result in a significant increase in utility token trading on Asian-focused exchanges. News Sorce

During the past few weeks, the average transaction cost on-chain has remained constant and is currently cruising along at $1.77 per transfer. Blocks bigger than 3 MB have become common, with many blocks being close to the 4 MB range, and ordinal inscriptions are getting close to the 150,000 level. Following a 122% spike during the first week of February, average onchain fees have stayed constant. News Sorce

Blockchain.com, a cryptocurrency exchange and financial services provider, has rejected offers to sell its assets or subsidiaries and has no current agreements in place with other crypto companies. From October 2022, it has been trying to raise more money for operations, albeit at a considerable drop from earlier valuation. According to Blockchain.com, it is present in 200 countries and has over 37 million verified clients who use 86 million wallets. It recently sold its 80% stake in PolySign, a startup developing financial institutions’ infrastructure. News Sorce

Sam Bankman-Fried, the former CEO of FTX, has been served with a subpoena requiring him to appear in court for a “remote deposition.” His bail can be revoked if there is reason to believe he attempted to interfere with a witness; he must provide all necessary papers and correspondence by February 23. News Sorce

Aaron and Austin Arnold discuss their experience creating Altcoin Daily, a crypto content platform with millions of subscribers across multiple platforms. Their father’s work ethic, consistency, and value-added content are credited with their success. News Sorce