ANIVERSE Crypto Daily News_Jan 20, 2023💌

Friday, January 20, 2023
ANIVERSE Crypto Daily News💌

1. SSV DAO Starts $50M Fund to Push Ethereum’s Decentralization Plan.
-SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV.network, is starting a $50 million ecosystem fund to help mature Distributed Validator Technology (DVT) infrastructure.

2. Busan City Wishes to Launch the World’s First Decentralized Digital Commodity Exchange.
-The plan is to bring together the capabilities of domestic financial companies and digital asset exchanges that have expressed their intention to participate in establishing the Busan Digital Asset Exchange.

3. South Korea’s FSC Chairman Announces Plans for Security Token Issuance.
-The Chairman of the Financial Services Commission, Joo-Hyun Kim, announced that the security tokens will now be legalized for offering and trading — a move that will surely spike up the interest of investors in the Korean securities market. And coupled with the survey and developments that have been made to actualize this process, Korea could be a forerunner in this space.

4. Huobi, Confirming Justin Sun as Leader, Takes Aim at ‘Rat Trading’.
-“Under the new management, Huobi will continue to conduct in-depth audits, hold responsible people accountable and publicize information in due time,” according to the statement. “A resolute and consistent crackdown on rat trading demonstrates Huobi’s commitment to protecting the interest of its employees and users.”

5. Bitcoin’s Relative Strength Readings Are in Rare Territory.
-The widely watched measure of trading momentum rose during bitcoin’s surge but has fallen over the last couple of days as BTC has declined.

6. Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC.
-Nexo began offering its Earn Interest Product to U.S. customers in June 2020. Nexo has agreed to pay a $22.5 million fine to the SEC and another $22.5 million to settle similar charges by state regulators.

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