News that you can’t miss!
BTC comes out of the week aiming at $24,000
Bitcoin’s (BTC) price saw a slight retreat over the course of this week, however on the rise on the 27th. At the time of writing, BTC is trading at $23,321.05 and ready to once again cross $24,000. The 24H Gainers on Poloniex as of Monday are TRU/TUSD, FCT2/USDT, RDNT/USDT, XEM/BTC, and SNX/BTC.
So, what happened?
Top-shot might be ruled to be securities, rules federal judge in years-long court case
Last week, a United States federal judge ruled that NBA Top Shot, an NFT offering from Dapper Labs that was a hallmark of the NFT explosion in 2022, could be ruled a security under US law. While this ruling does not mean that NBA Top Shot is automatically considered a security, it is quite a substantial update in a case involving a lawsuit against Dapper Labs that charges the company with offering non-fungible tokens without taking the proper steps to register with the US Securities and Exchange commission.
This comes after an effort by Dapper Labs to dismiss the lawsuit, and means that the courts have decided that there is credence to the notion at hand. For Dapper Labs’ part, its lawyer argues that like basketball and Pokémon cards, NBA Top Shot are in fact not securities. The lawsuit comes amid increasing regulatory scrutiny in the US towards blockchain applications.
Google plans to become a validator on Tezos
Google Cloud, Google’s cloud computing platform, will soon become a validator on the Tezos blockchain. This comes through a partnership with the Swiss-based Tezos Foundation, the not-for-profit supporting and developing Tezos. This means that developers using Google Cloud services will be able to deploy nodes on the network as well as build blockchain-based applications.
This follows Google’s previous Web3 integrations- running a node-hosting service and becoming a validator on the Ethereum and Solana networks, respectively. This bodes well for the industry as more and more tech titans are turning their attention towards blockchain technology.
New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
📌 Artificial Liquid Intelligence (ALI)
Futures
Polopedia
This last week, we covered a pioneer of decentralized exchanges and DeFi technology, Uniswap!
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
Campaigns
Our recap of ongoing campaigns that YOU can get involved in!
Gifto (GFT) Listing Giveaway: Complete Tasks to Win from $10,000 GFT (2/27–3/6/23)
Hold VOLT to Earn 128% APY with Polo Earn (2/27–3/13/23)
Konpay（KON） Listing Giveaway: Complete Tasks to Win from $50,000 KON (2/23–3/3/23)
Borrow & Trade BCH/BNB/DOGE/ETC/LTC/MATIC/SOL/XRP on Margin with 0 Interest! (2/22–3/6/23)
Borrow & Trade BCH/BNB/DOGE/ETC/LTC/MATIC/SOL/XRP on Margin with 0 Interest!
The community megaphone📢
Highlights from the community
Poloniex Exchange on Twitter: "Happy Birthday to #Bitcoin logo! 🍰🥳13 years ago today, Satoshi Nakamoto released #Bitcoin logo.#BTC #SatoshiNakamoto #cryptocurrency pic.twitter.com/UcB0mhFJ7F / Twitter"
Happy Birthday to #Bitcoin logo! 🍰🥳13 years ago today, Satoshi Nakamoto released #Bitcoin logo.#BTC #SatoshiNakamoto #cryptocurrency pic.twitter.com/UcB0mhFJ7F
Poloniex Exchange on Twitter: "Poloniex Guess Game: Write the name of the project in the comments🤖#poloniexgame #Crypto #btc pic.twitter.com/2FbDqmDt3G / Twitter"
Poloniex Guess Game: Write the name of the project in the comments🤖#poloniexgame #Crypto #btc pic.twitter.com/2FbDqmDt3G
Poloniex Exchange on Twitter: "https://t.co/sC3hepgbW3 / Twitter"
https://t.co/sC3hepgbW3
Poloniex Exchange on Twitter: "Our Twitter community is growing! Thank you for your support 💖 #poloniex pic.twitter.com/lzU6JByG53 / Twitter"
Our Twitter community is growing! Thank you for your support 💖 #poloniex pic.twitter.com/lzU6JByG53
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel- https://t.me/PoloniexEnglish
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Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
