Bitcoin & Cryptocurrency Learning

The music streaming sector is incorporating Web3 technology, as seen in Audius’ collaboration with TikTok, which enables users to create accounts by linking their TikTok profile. Furthermore, Spotify is experimenting with tokenized playlists in significant markets, displaying the music industry’s acceptance of cryptocurrency.

In contrast, legal troubles persist in the industry. Sam Bankman-Fried, the founder of FTX, is facing supplementary accusations, and the US Securities and Exchange Commission (SEC) is examining Binance.US’s efforts to obtain more than $1 billion in assets from bankrupt crypto lending company Voyager Digital.

Notwithstanding these legal concerns, Coinbase’s announcement of its own layer-2 network, driven by Optimism, has contributed to a 16% increase in the value of Optimism’s native token, OP.

All prices are as of 4:00 pm (EST) on February 23, 2023. Check the live price of Bitcoin and other coins here.

Crypto News

@Coindesk— Web3 Music Streaming Platform Audius Integrates TikTok.Audius users can sign up for the application with their TikTok profiles and use the streaming service’s songs in their videos on the social-media platform.
@CoinDesk — Sam Bankman-Fried Hit With Additional Bank Fraud Charges in New Indictment. The document calls on the former FTX CEO to forfeit hundreds of millions of dollars’ worth of assets, which in many cases have already been seized by the government.
@Cointelegraph — Spotify testing Web3 wallets integration. The users can access the token-enabled playlists from Overlord, Fluf, Mooonbirds and Kingship with their NFT wallets.
@Cointelegraph — SEC files objection to Binance.US bid for Voyager assets. The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital.
@Decrypt — Optimism Pumps 16% Amid Coinbase Layer-2 Launch. Upon launching its own layer-2 solution, Coinbase said it would contribute to open-source development on the Optimism stack too.
@Bloomberg — Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing. In October, Hong Kong rolled out the red carpet for cryptobusinesses to help revitalize the embattled financial hub. Signs are now emerging the push has under-the-radar backing from Beijing, providing impetus for mainland Chinese firms to return.

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