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DBS believes the metrics reflect a trend by investors towards trusted and regulated platforms to access the market following the collapse of FTX and associated firms.DBS holds all custodised digital assets separately within the bank itself using institutional-grade cold wallets. The bank also conducts coin purity checks on all digital assets entering its custody, while complying with all prevailing AML and KYC rules.

LONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19% fall from the previous year's restated £6.2 billion in part due to a costly trading blunder in the U.S.

The harm that was inflicted by the collapse of major cryptocurrency ecosystems in the previous year is on its way to making a gradual comeback as positive actors take aggressive initiatives to reestablish investors' faith. Principal participants from the ecosystem of decentralized finance (DeFi) got together to discuss the benefits of running trustless, interoperable, and permissionless systems.

Binance Coin [BNB] , the exchange coin of the world’s largest cryptocurrency exchange, felt the repercussions of the NYDFS’ decision to halt further minting of Binance USD [BUSD] . According to Santiment, it was almost inevitable for BNB to be spared in the wake of the unfolding events. In its 13 February assessment, the on-chain platform pointed out the BNB hit its highest trading volume since December 2022. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The latest installment of Cointelegraph’s Top 100 is live, with positions 51–60 now revealed to the public. Each year, Cointelegraph crafts a list of the top 100 figures in the crypto industry, with its staff casting votes on which to include. Each member of the Top 100 gets their own profile explaining why they were included. The first 10 entries, profiles 90–100, were unveiled on Feb. 8. An additional 10 profiles have been released each weekday since, leading up to the forthcoming unveiling of the top spot.

The son of the former CEO of Mitsubishi Electric has been arrested in a violent crypto robbery and kidnapping case in Japan – which saw a crypto holder allegedly confined and beaten over period of 20 days.

Circle may have a hand in the recent regulatory crackdown on Paxos and Binance [BNB]. The USD Coin [USDC] issuer reportedly filed a complaint against Binance in 2022. In doing so, it alerted the New York Department of Financial Services towards the mismanagement of reserves that backed the tokens issued by the world’s largest crypto exchange. 

Market interest is gravitating on the Meta Masters Guild presale as it races to the finish line. With an eye-watering $4.4m raised this revolutionary GameFi project is set to soar.

Founded in April 2018, Taurus provides enterprise-grade infrastructure to issue, custody and trade any digital assets: cryptocurrencies including staking, tokenized assets and digital currencies.Taurus already works with more than 25 financial institutions and corporate clients in eight countries and three continents, including systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers. Clients include Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, Vontobel.André Helfenstein, CEO, Credit Suisse Switzerland, comments: "The strategic partnership with Taurus is a cornerstone of the Swiss Bank division's digital assets strategy with the ambition to become the leading Swiss bank in that space.

Paxos, the largest issuer of regulated stablecoins, has announced it will end its relationship with Binance, and cease issuance of new Binance USD (BUSD) stablecoin tokens starting February 21, after regulatory scrutiny from the New York Department of Financial Services (NYDFS).

Binance USD [BUSD] holders might be faced with a heavy cross to bear after the U.S. SEC notified its issuer of a potential probe. Wall Street Journal (WSJ), who seemed very familiar with the matter , reported that Paxos Trust Co. had received a letter pertaining to the issue from the regulator.

Hester Peirce of the Securities and Exchange Commission publicly rebuked her agency's crypto enforcement, calling it«paternalistic and lazy» andasking if a «hostile» regulator is the best solution for the industry.

The Uniswap community cast their votes in support of implementing Uniswap v3 on Boba Network's layer-2 protocol on Ethereum, and the majority of those votes were positive.

Coinbase (COIN) CEO Brian Armstrong tweeted about rumors that the Securities and Exchange Commission (SEC) may ban crypto staking for retail customers as regulators reportedly probe crypto exchange Kraken for selling unregistered securities, signs that increased regulatory scrutiny for cryptocurrencies may be in the cards.

The firm is now putting all of its focus on providing businesses with crypto and loyalty experiences for their customers through SaaS and API offerings.In November, Bakkt struck a deal to buy Apex Crypto, a turnkey platform for integrated crypto trading which provides services to more than 30 signed fintech partners, serving more than five million customers.Gavin Michael, president and CEO, Bakkt, says: "As we continue to gain traction with our B2B2C strategy, we are laser focused on providing our partners and clients with seamless solutions that best serve their needs.

The U.S. Department of Justice (DOJ) on Monday seized $465 million in shares of the stock-trading app Robinhood that are partially owned by disgraced former FTX CEO Sam Bankman-Fried, or SBF, who wanted access to the stock to help pay his legal fees.

The Department of Justice's Office of the U.S. Trustee filed a motion with the Delaware Bankruptcy Court seeking the appointment of an independent examiner to investigate potential wrongdoing in the collapse of crypto exchange FTX.

Cryptocurrency exchanges Kraken, Bybit, and Swyftx announced layoffs as the contagion from the collapse of the FTX exchange spreads.