• U.S. President Biden signed a first-of-its-kind executive order on cryptocurrencies, directing federal agencies to coordinate their approach to the sector – I will be writing up a more in-depth breakdown of this order today.
• Bitcoin and other cryptocurrencies spiked after the U.S. Treasury released details of an executive order from President Joe Biden that appeared to take a supportive stance toward digital assets.
• LimeWire, the defunct file-sharing website, is set to relaunch in the form of an NFT marketplace.
• Crypto.com reportedly gives users from countries restricted from its loan program until March 15 to repay their crypto loans.
• Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of mining capacity to Compute North’s renewable energy facilities in Texas.
• Federal Reserve is working with China’s blockchain ally for instant payments. Cypherium is the only blockchain company featured in the FedNow service Provider showcase for now.
• Bain Capital Ventures, one of the world’s largest startup-investment firms — with $5.1 billion in assets under management — has announced the formation of a new $560 million fund that will focus on cryptoj8vtxlelated investments.
• Cake DeFi, a Singapore-based fintech platform that makes DeFi services and applications accessible to everyone, has launched its corporate venture arm with US$100 million in earmarked capital.
**Top 10 Trending Cryptos:**