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Crypto Markets Continue to Rally, $30,000 and $18,000: This Week in Crypto

Welcome to this week in crypto by Shinobi Wallet. Get all the latest scoop in and around the cryptosphere 🌎 right here!

The crypto markets continued to rally this week. At the time of writing, BTC was trading at 22,738 and ETH at 1634.

Among the top 100 tokens, APT was the biggest gainer this week, gaining 75%, and GMX was the biggest loser, losing 4%.

Red Date Technology, a Hong Kong-based blockchain firm, announced the launch of its Universal Digital Payment Network (UDPN) this week. This distributed ledger technology platform aims to revolutionize the way stablecoins and CBDCs are transferred internationally.

In a joint effort with other regulatory agencies, the United States @SECGov filed charges against @avi_eisen this week who is alleged to have been behind a multimillion-dollar exploit of the decentralized exchange @mangomarkets

U.S. Dep Attorney General L Monaco announced that authorities had taken enforcement actions against Bitzlato, a crypto exchange platform, in coordination with French authorities. The exchange is said to be a "primary money laundering concern" connected to Russian illicit finance.

@Coinbase announced this week that it would be shutting down operations in Japan and conducting a thorough review of its business in the country, citing market conditions as the reason for the decision. All customers will have until Feb. 16 to withdraw their holdings.

This post is based on this twitter thread.


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