This Week Noteworthy Events(2024.2.26-2024.3.3)

OKX to Shut Down All Mining Pool Products and Related Services on February 26th

According to an official announcement, due to business adjustments, OKX will soon discontinue its mining pool products and related services. The specific schedule for discontinuation is as follows:

• On January 26, 2024, OKX will disable the new user registration function. Existing users can continue to enjoy the product and service until February 25, 2024.

• On February 26, 2024, OKX will shut down all mining pool products and related services.

Nigeria's Compliant Naira Stablecoin cNGN Set to Launch on February 27th

The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox, with the launch scheduled for February 27, 2024.

Comprised of several banks and fintech operators in Nigeria, the ASC states that the cNGN stablecoin complies with regulatory requirements and standards set by the CBN, the Nigerian Securities and Exchange Commission, and the Nigerian Financial Intelligence Unit. The ASC asserts that it is collaborating with regulatory agencies to ensure compliance, consumer protection measures, and transparency.

Reportedly, the cNGN stablecoin serves as a complementary product to the Central Bank of Nigeria's digital currency, eNaira, rather than a substitute. The ASC will be responsible for overseeing cNGN.

Nasdaq Issues Delisting Notice to Bitcoin Miner Bit Brother, Hearing Scheduled for February 27th

Bit Brother Limited, a mining company listed on the Nasdaq, has disclosed that it has received a delisting notice. According to the contents of the notice, Nasdaq made this decision primarily due to market concerns arising from certain warrants issued by the company on October 25, 2023, and December 5, 2023, which included cashless exercise provisions, as well as related public interest concerns generated by such transactions. It is reported that this delisting notice will not immediately affect the listing and trading of Bit Brother Limited. Currently, Nasdaq has allowed the company to participate in a hearing scheduled for February 27th to provide explanations. Pending the completion of the hearing process, Nasdaq will continue to suspend any trading halts or delisting actions.

ETHGlobal Announces 2024 Hackathon Schedule, Pragma Denver Set for February 28th

ETHGlobal has officially announced its schedule for 2024, revealing plans to host 20 hackathon events. These events include LFGHO (January 12th - January 24th), Circuit Breaker (February 2nd - 21st), Pragma Denver (February 28th), Pragma London (March 14th), ETHGlobal London (March 15th - 17th), Scaling Ethereum 2024 (April 5th - 26th), Pragma Sydney (May 2nd), ETHGlobal Sydney (May 3rd - 5th), Pragma Brussels (July 11th), ETHGlobal Brussels (July 12th - 14th), ETHOnline 2024 (August 23rd - September 13th), ETHGlobal Singapore (September 20th - 22nd), Pragma San Francisco (October 15th - 17th), ETHGlobal San Francisco (October 18th - 20th), ETHGlobal Devcon 2024 (tentatively November), and five additional events.

Celsius APP: Scheduled Closure on February 28th, Users Advised to Withdraw Funds and Export Transaction History at the Earliest Opportunity

Ionic Digital Community (formerly Celsius Network) has released important information for Celsius creditors, stating that the Celsius APP will be closed on February 28th. Therefore, access to the Celsius platform and its contained records can only be made within less than 30 days. It is recommended that eligible custodial account holders withdraw their funds as soon as possible and export transaction lists for each digital asset.

Hong Kong Treasury Department Requires Virtual Asset Service Providers to Submit License Applications by End of Month (February 29th)

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, has announced that the one-year transitional period for the implementation of the licensing regime for virtual asset service providers in Hong Kong is coming to an end. All virtual asset service providers in Hong Kong must submit their license applications by February 29th of this year. Any virtual asset service providers who fail to submit their applications by February 29th or receive a “non-licensing notification” from the Securities and Futures Commission must cease their operations in Hong Kong.

CoinList Seed 2024 Winter Applications Now Open, Deadline Set for February 29th

According to official announcements, applications for the CoinList Seed Winter 2024 are now open, with the application deadline set for February 29, 2024.

The latest CoinList Seed cohort will collaborate with the early crypto risk fund Lattice and receive support from crypto institutions such as Solana, Optimism, zkSync, Privy, and Alchemy.

The Winter 2024 series will include recorded demo days and project resources prepared to connect with CoinList's global user base of over 10 million users, with selected project teams not required to pay fees.

The Winter 2024 CoinList Seed is a program designed for early-stage cryptocurrency projects aimed at accelerating project visibility and user acquisition, rather than serving as an incubator, fundraising platform, or token launchpad.