During this week in crypto, Bitcoin miners were getting ready for a new difficulty adjustment while the market was uncertain. BTC’s correlation to US stocks was fading and a key profitability indicator turned bearish. An executive from Coinbase mentioned that institutional investors were showing interest in altcoins despite the dominance of BTC and ETH. The Belgian Central Bank Governor said that the crypto winter was good news for the bank, and Arthur Hayes proposed a Bitcoin-backed stablecoin. Meanwhile, Silvergate started the liquidation process, Kraken established Kraken Bank, and Mt. Gox creditors must register a repayment method by March 10. Voyager Digital was given the green light to sell its assets to Binance.US, and Binance approached US SEC chairman Gary Gensler to become an advisor. Alameda Research filed a lawsuit against Grayscale Investments, and the US SEC announced emergency action against BKCoin for Ponzi-like conduct. Two US firms raised $100 million for a crypto fund, and NFTs may soon be available on Amazon. In addition, President Joe Biden proposed major changes to crypto-related tax rules, and South Korea will launch a new cybercrime task force. Lastly, a 14-year-old girl in South Korea was arrested on suspicion of buying meth with crypto.
