Good morning, DailyCoiners,Did you enjoy yesterday’s educational section on golden and death crosses?Would you like to see more of these myth-busting features? We’ve got another juicy newsletter for you today:

• Rumors Surface; Is the US banning crypto staking?

• Release the Kraken (after the SEC has probed it!)

• Find love on Cardano with the Valentines' Upgrade.

Right, get your SCUBA gear on, and let’s dive in!

Banning Crypto Staking in the US? The Super Gary Continues to “Help” Retail Investors

Crypto baldie, Brian Armstrong (Coinbase CEO) announced on Twitter yesterday that he has heard rumors that the U.S. Securities and Exchange Commission (SEC) is considering banning crypto staking for retail customerWow! What a way to kick the little guy right in the guts!

The SEC has declined to comment…not surprising. However, the SEC chairman and all-round crypto botherer, Gary Gensler has previously stated cryptocurrencies, like Cardano and Ethereum, that allow staking could be classified as securities.Interestingly, the SEC’s sister regulator, the Commodity Futures Trading Commission (CFTC), has already designated Ethereum as a commodity, not a securityErm…right hand, have you met left hand?

If the rumors are true, it would certainly be a huge step in the wrong direction for the U.S. crypto industry.From the outside, looking in, this is just another example of U.S. regulators not having a clue what they’re doing. Even their red tape has red tape!

Kraken Gets Probed and Not in a Fun Way!

Yet more from Gary Gensler and his band of not-so-merry men (they really are a journalists delight!).

According to an unnamed source, the SEC has been investigating the U.S.-based crypto exchange for some time, and it could be finalized very soonWhat have they been (allegedly) investigating?As usual, the facts get a little murky.The source (who wished to remain unidentified) said the probe related to certain offerings Kraken made to U.S. customers and whether they were unregistered securities.Although, it is unknown which products are being considered.When asked about the probe, an SEC spokesperson said, “The SEC does not comment on the existence or nonexistence of a possible investigation.”Helpful!

While regulation in crypto is seen by many to be a step in the right direction, it would be incredibly helpful if the various U.S. regulators made their minds up and gave a little clarity.Also, is it time for Mr. Burns...sorry...Gensler to go? What are your thoughts?

Cardano is Getting Some Valentine Love in the next Upgrade!

Long-term butt of many jokes and scathing articles, Cardano continues to develop and improve their blockchain regardless.

The “Valentine” upgrade makes improvements to secure cross-chain dApp development as well as enhanced cryptographic features.When it comes to the “chink in the crypto armor” that is cross-chain bridges, hopefully, Cardano’s “do it right, first-time” ethos will be as successful as everything else they have done.Yes, it takes longer than Ethereum’s “launch then fix” mentality, but the Cardano blockchain hasn’t had an outage, needed to be reset, or required a complete rebuild since it launched in 2017Did you hear that Solana and Ethereum fans?

The upgrade follows hotly on the tails of the Cardano native Djed (the D is silent by the way) overcollateralized stablecoin launch last week.and... The TVL across all Cardano DeFi projects is bursting past the $100 million mark (currently at $124 million).Whilst these numbers are still small fry compared to other blockchains, DeFi on Cardano is just getting started. Now they finally have a stable coin (with more on the way), things will really blast off!

DailyCoin Daily Meme

Tether (USDT) Reveals $700M Profit in Last Quarter Despite Crypto Market Turmoil

On top of that, Tether said that it ended 2022 with excess reserves of at least $960 million. The firm holds $67 billion...

David Gokhshtein: Dogecoin (DOGE) Reaching Peak Price Inevitable

Naturally, the bold statement by Gokhshtein was met with sarcastic comments, with crypto enthusiasts pointing out that...

Solana (SOL) Joins Forces with Brave Browser: Price Boost Ahead?

Furthermore, Brave has explained that the integration will allow Brave software users to seamlessly access top Solana dApps such as...

Right, I'm off for a shower, typing the words "Gary Gensler" and "SEC" make me feel like I've soiled myself!

See you all tomorrow.

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