Ladies and Gentlemen, boys & girls - grab a cup of hot cocoa, a warm blanket and buckle up for a wild week! This the Yellow Dip (Twitter) - A newsletter that take the pain, does the hard work & always delivers good, each week. And ya, happy Valentine's day!

On our agenda, today we have:

• Quick dips

• AI is infiltrating crypto

• What Happens to Binance Now that the Issuer of BUSD, Paxos, is Facing Issues?

Quick Dips

+ Brazil’s oldest bank allows residents to pay their taxes using crypto (Cointelegraph)

+ Shopify launches suite of blockchain commerce tools for merchants (Cointelegraph)

+ No cryptocurrency and blockchain branding - BCCI to WPL teams (Cricbuzz)

+ DBS wants to facilitate crypto trading in Hong Kong as China expands the BSN to the Middle East (Kitco)

+ Crypto Valentine: A round-up of Valentine's Day stories you should know about (CNBC TV18)

AI is infiltrating Crypto

Hey, do you ever wonder if AI convos are only limited to big companies like Chat GPT and Google? Well, guess what? We've got some new water cooler talk for you about AI in crypto. Get ready for a future where blockchain and artificial intelligence join forces to create new ways of ownership, scarcity, and value. We're talking everything from virtual pets and sports cards to art and even real estate. It's mind-blowing how many potential applications there are for AI in the crypto world. But hold up, it's not all just for fun and games. By using AI algorithms, crypto projects can improve security, privacy, scalability, and the user experience. That's why investors, developers, and enthusiasts are keeping a close eye on the AI narrative in crypto, and you should too. Keep an eye on these projects in the space:

NEXO - The Nexo team is using artificial intelligence to develop a smart lending platform that offers real-time credit decisions and loan offers.

EOS - The EOS team has been using AI to develop decentralized apps that use machine learning algorithms to optimize network performance and security.

KIN - The Kin team is using AI to develop a decentralized social media platform that uses machine learning algorithms to optimize user engagement and revenue.

DeepBrain Chain - The DeepBrain Chain team is using AI to develop a decentralized platform that provides AI computing resources to developers and businesses.

SingularityNET - The SingularityNET team is using AI to develop a decentralized platform that provides a marketplace for AI services and algorithms.

Bancor - The Bancor team is using AI to develop a decentralized liquidity network that uses machine learning algorithms to optimize token exchange rates.

Prodigy Network - The Prodigy Network team is using AI to develop a decentralized platform that provides AI-powered investment recommendations for cryptocurrency investors.

Enigma - The Enigma team is using AI to develop a decentralized platform that provides secure and scalable data sharing for decentralized applications.

What Happens to Binance Now that the Issuer of BUSD, Paxos, is Facing Issues?

Hey, have you heard about Paxos? They're a pretty big deal in the digital asset world, trying to bring in some top-notch security, transparency and compliance to the whole crypto market. And you know what's really cool? They're the ones behind BUSD, Binance's stablecoin, which is fully backed by the US dollar. But the news is, Paxos just announced they won't be issuing any NEW BUSD to Binance for now, 'cause the NY SEC is investigating how they issue it. So, Binance will have to find another stablecoin to use, and it might make some people who already have BUSD a little nervous, with other stablecoins like USDC and USDT also being investigated. It's a bit of a shake-up, but the sooner we get some clarity around all this, the better it'll be for the whole crypto world.

😂

That's it for today. Stay curious & see ya next week with some updates to the newsletter - making it more focussed and meaningful to you!

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice to buy or sell any assets or to make any financial decisions. Please be careful and do your own research