• Lido DAO’s LDO crypto price recently jumped to its highest point since January 24th, due to the developers announcing V2 upgrade for the Ethereum Shanghai upgrade.
• The V2 upgrade will bring staking router and withdrawals for users, with two modes: Turbo and Bunker.
• Analysts expect that the Ethereum Shanghai upgrade will happen in March or April, which could lead to more activity ahead of this date.

Lido DAO’s LDO Price Just Went Parabolic: 12% Gains Possible

Lido Unveils V2 Plans

Lido has grown to become one of the leading players in decentralized finance (DeFi) with a total value locked (TVL) of over $8.7 billion. Most of these assets are in Ethereum, followed by Polygon, Solana, Polkadot, and Kusama. As part of the upcoming Ethereum Shanghai upgrade, Lido plans on implementing their V2 upgrade which includes staking router and withdrawal features with two modes: Turbo and Bunker.

LDO Crypto Jumped 40% Above Lowest Level This Year

When news broke out about the upcoming V2 plans from Lido DAO, their crypto asset LDO jumped to its highest point since January 24th at a high price of $2.63 which was 40% above its lowest level this year. The goal behind the V2 upgrade is to create a more diversified validator ecosystem as well as give users an easier way to withdraw their staked ETH 1:1 ratio using either Turbo or Bunker mode withdrawals.

Ethereum Shanghai Upgrade Expected In March or April

Analysts expect that Ethereum’s Shanghai Upgrade will happen sometime in March or early April which could increase activity ahead of this date. Additionally, Lido also announced that they will be distributing rewards via Aave v3 liquidity pools to further incentivize users for staking their ETH on their platform.

LDO Price Forecast

On Tuesday February 7th 2021, LDO jumped up to a high price of $2.65 which was the highest it had been since January 24th 2021 when it touched lows at around $1.82 According to analysts predictions based off technical analysis tools such as TradingView, gains between 8-12% are possible if current bullish trend continues before any potential pull back happens later down the line making now an opportune time for investors interested in buying into this coin while prices still remain relatively low compared to other top DeFi coins like Aave and MakerDAO whose prices have surged exponentially over the past few months due to increasing demand from institutional investors entering into DeFi space especially those who want exposure into yield farming opportunities without having taking too much risk on board due to lack of knowledge surrounding DeFi projects available today on market right now

Conclusion

In conclusion it appears that despite already experiencing huge growth over past few months with TVL reaching over $8B mark across various blockchains and protocols such as Ethereum , PolkaDot & Kusama , there may be still further upside potential left for investors who choose get involved early enough before market starts trading sideways once again . With upcoming upgrades being implemented soon along with expected increase in activity surrounding launch of Shanghai hardfork , now may be best time buy into this coin before prices start rising again .

Overview of the Article

• Indonesia is set to unveil a national crypto exchange by June 2023.
• The exchange will have five active, licensed platforms.
• The omnibus law passed in December governs the regulatory oversight of crypto exchanges.

Launch of National Crypto Exchange in Indonesia

Indonesia is preparing to launch its national crypto exchange before June 2023. Initially, the country planned to roll out the bourse before the end of 2022. This timeline was pushed back due to delays and additional developments such as authorities suspending the licensing of new exchanges. The government has identified five active, registered exchanges from a list of 25 for the role.

Regulatory Framework

Crypto assets trading in Indonesia falls under the purview of the Commodity Futures Trading Regulatory Agency. In December, lawmakers in Indonesia’s House of Representatives passed a financial sector development and reinforcement bill referred to as an omnibus law which serves as primary legal reference for broader financial services industry including regulation of crypto exchanges.

Trade Minister’s Statement

Trade Minister Zulkifli Hasan noted that there is need for everything to be done correctly with regards to launching this project so that public who are learning about crypto trading are not harmed by it.

Growth Of Crypto Community In Indonesia

Indonesia has one of the fastest growing cryptocurrency communities and is taking steps towards regulating digital asset trading which could help enhance trust and encourage wider adoption both locally and internationally.

• Equinoz’s artwork, Cybernetics was sold out in 4 minutes on the playNomm NFT Marketplace.
• The artwork was bought out for 40,120 LM, equivalent to US$ 16,937.
• Equinoz is a 3D artist who creates intricate images between virtual and reality.

On January 31st, the NFT marketplace PlayNomm (CEO, Sung-Uk Moon) held a pre-drop auction of the upcoming NFT Korea Festival Artwork. The artwork, created by Equinoz, one of Superchief Gallery’s NFT artists, was sold out in a remarkable 4 minutes. The artwork, entitled ‚Cybernetics‘, was bought out by a collector for 40,120 LM, equivalent to US$ 16,937.

Equinoz is a 3D artist who creates intricate images between virtual and reality, with the theme of “Visible Future”. He is an active artist selling on many other NFT platforms such as Open Sea and Super Rare, and also works in various fields such as games, commercial videos, music, and clothing brands.

The pre-drop event of the NFT Korea Festival was comprised of three NFT auctions, with the first drop being Shavonne Wong’s ‚Light in the Shadow‘ which sold for 65,800LM, the equivalent of US$26,776. As the second drop, Equinoz’s ‚Cybernetics‘ was revealed and started a 7-day auction on January 31st. However, just 4 minutes into the auction, the artwork was bought out, ending the auction early.

The NFT Korea Festival will be held in March, and will feature artwork from other NFT artists such as Equinoz. This festival is sure to be an exciting event, as it will provide collectors and fans with the opportunity to purchase unique, one-of-a-kind artwork from some of the world’s most talented NFT artists.

• Coinbase has been fined €3.3M by the Dutch central bank for non-compliance.
• The bank stated that Coinbase failed to acquire the necessary registration to offer crypto services in the Netherlands before it started operating in the country.
• The authorities claimed that the crypto exchange was not compliant between November 2020 and August 2022.

The US-based cryptocurrency exchange Coinbase has been hit with a hefty fine of €3.3M by the Dutch central bank for failing to comply with regulations. This fine comes days after the exchange announced 20% layoffs and termination of operations in Japan due to market volatility.

The Dutch central bank, De Nederlandsche Bank (DNB), stated that Coinbase had not acquired the necessary registration to offer crypto services in the Netherlands prior to operating in the country. This non-compliance was noted between November 2020 and August 2022. The size of the exchange as a company and the “significant number of clients” it has in the Netherlands were taken into consideration when issuing the fine.

It is unclear at this moment if Coinbase will apply for registration in the Netherlands or not. This is a rare occasion, as cryptocurrency exchanges are usually not subject to such fines. The lack of regulation for crypto exchanges has been a major obstacle for governments to regulate the industry. Despite this, many countries have made progress in the regulation of digital assets, with the Netherlands being one of them.

This fine is also a reminder for other crypto exchanges to be aware of their local regulations to avoid similar penalties in the future. Coinbase, for its part, has not yet issued a statement regarding this fine. It is expected that the exchange will comply with the Dutch central bank’s regulations to avoid any further consequences.

• Orange Financial is a multi-chain yield farming treasury that will launch on February 1st, 2023.
• It is the only NFT project to offer stablecoin rewards through yield farming to its holders.
• The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification.

Orange Financial is a multi-chain yield farming treasury set to launch on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial is revolutionizing the world of yield farming and NFTs. Through its innovative approach, Orange Financial has created a basket of DeFi assets and farming opportunities to provide yield for its NFT holders.

The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification. This allows holders to receive real-yield instead of devaluing volatile assets.

The treasury participates in a wide range of yield farming opportunities to provide the best returns for its holders. With no native token and no fixed interest rate, the Treasury’s payout schedule is purely dependent on market conditions and is transparently posted on a weekly basis. This ensures that users always have the latest information regarding their rewards and have a good understanding of the funds they are investing in.

In addition to its diversified DeFi Treasury, Orange Financial is also Polygon native and does not require users to stake their NFTs to earn rewards. This makes it easy for users to manage their NFTs and earn rewards without having to constantly monitor their funds.

Orange Financial is committed to providing its users with a secure and transparent platform to earn yield. It has implemented several security features such as smart contracts and anti-fraud protocols to ensure the safety of users’ funds. The platform also provides users with real-time updates on their rewards, allowing them to make informed decisions.

Orange Financial’s innovative approach to yield farming and NFTs is set to revolutionize the world of DeFi. With its stablecoin rewards and secure platform, Orange Financial is sure to become a leader in the industry.

• Robinhood has announced it will no longer accept Bitcoin SV deposits and delist the cryptocurrency starting January 25th.
• Customers will not be able to trade, purchase, or transfer Bitcoin SV after the deadline.
• The move is part of a regular review of the cryptocurrencies offered by Robinhood.

Robinhood, the popular online trading app, has announced that it will no longer be accepting Bitcoin SV (BSV) deposits and will be delisting the cryptocurrency from its platform starting January 25th. This means that customers will no longer be able to trade, purchase, or transfer Bitcoin SV after the deadline.

The news came in the form of a statement on the company’s website. In it, Robinhood reaffirmed that it has a rigorous framework in place for regularly reviewing the cryptocurrencies it offers and that it is selective about the assets it offers in order to make its crypto offering the most trusted and lowest-cost option.

This move to delist Bitcoin SV follows similar decisions by other big cryptocurrency exchanges. In April 2019, Binance delisted Bitcoin SV after Craig Wright, one of the developers of the cryptocurrency, made inflammatory comments directed at the cryptocurrency community. Similarly, in October 2020, Kraken also delisted Bitcoin SV after it accused Craig Wright of making false claims about being Satoshi Nakamoto, the mysterious creator of Bitcoin.

For customers who still hold Bitcoin SV after the January 25th deadline, Robinhood will automatically sell the cryptocurrency at market value and give the proceeds to the respective customers.

It is unclear why Robinhood has chosen to delist Bitcoin SV, but it has been speculated that the decision was based on the ongoing drama and controversy surrounding the cryptocurrency.

In any case, Robinhood’s decision to delist Bitcoin SV will have an impact on the cryptocurrency’s value and liquidity. It remains to be seen how the market will react to the news, but it is certain that this move will have a significant effect on Bitcoin SV and the cryptocurrency community as a whole.