Investments in Bitcoin rise while in Ethereum decline, AMC accepts Shiba Inu (SHIB) via BitPay wallet in 60-120 days and many other crypto market highlights compiled in the past 24 hours.

Crypto Market Highlights: Investment News

• According to CoinShares data, digital asset investment products posted the 13th Bitcoin (BTC) recorded the bulk of the total inflows of $ 98 million last week, compared to $ 95 million a week ago while Ethereum (ETH) continued to see total inflows of $ 17 million, but less than a week ago it was $ 31 million.
• Digital Asset Organization Nexo announced that its board of directors has approved a $ 100 million buyback program that will allow the company to optionally redeem its native NEXO tokens on the open market at regular intervals. The program starts immediately and lasts for six months, after which the board decides whether to buy again.
• Scion Asset Management, founded and led by experienced trader Michael Burry, who is also known from the movie The Big Short about his bets during the financial crisis, closed positions against the ARK Innovation ETF (Exchange Traded Fund), which among other things offers crypto assets according to Bloomberg. The success of the bets is unknown as the full details of the put options the company is taking advantage of have never been released.
• Persistence’s liquidity staking protocol, known as pSTAKE, has closed $ 10 million in a strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and DeFiance Capital, among others. “[T] His round will allow us to further accelerate the growth of pSTAKE and strengthen our presence in the cosmos and Ethereum ecosystem, ”said Tushar Aggarwal, CEO and founder of Persistence.
• Michael Novogratz’s Galaxy Digital Holding is slated to list on a US stock exchange in the first quarter of next year, Bloomberg reported. The takeover of the crypto custodian BitGo is also expected to be completed in the first three months of next year.

Crypto Market Highlights: Regulatory News

▶ Taiwan’s Ministry of Economic Affairs (MOEA) has officially reported business activities around cryptocurrencies and appointed a watchdog, according to Taiwan News. The MOEA reportedly concluded that crypto companies are listed in the “Finance, Insurance and Real Estate” category as “Virtual Currency Platforms and Businesses” rather than the “Services” category.

▶ Bloomberg reports that China is warning its state-owned companies against phasing out crypto mining and is considering sanctions in the form of electricity price increases against companies that keep going despite government bans. The National Development and Reform Commission plans to crack down on industrial-scale bitcoin mining, as well as any involvement of state-owned companies in it, they added.

▶ The South Korean legislator is fighting against the Travel Rule, which, among other things, imposes stricter reporting requirements for crypto traders. Choi Hwa-In of the Financial Supervisory Service (FSS) warned that the local blockchain industry could be “severely restricted” if the proposal is accepted.

▶ Marathon Digital Holdings executives have received subpoenas from the US Securities and Exchange Commission to provide documents and information about the Hardin data center in Montana, the company said in a 10th quarter filing on Monday. The SEC is investigating whether Marathon Digital Holdings has violated federal securities laws, while Marathon said it is cooperating in the investigation without disclosing the nature of the possible violations.

▶ Crypto Facilities, a wholly owned subsidiary of the Kraken cryptocurrency exchange, has received an MLR license from the UK’s Financial Conduct Authority (FCA). This license indicates that the company adheres to the same anti-money laundering standards required by FCA regulated banks.

▶ The US-based fintech company Ripple announces that it has published a framework for regulating digital assets and cryptocurrencies: “A Real Approach to Cryptocurrency Regulation” Death “. The company says the approach aims to provide “an immediate and pragmatic way forward to address the dynamic opportunities of cryptocurrencies and digital assets” and that the “Best Publicity” policy outcomes “can be achieved through public-private partnerships by Optimizing existing regulatory frameworks and promoting sandboxes for crypto innovations. ”

Crypto Market Highlights: Gaming News

Blockchain video game developer Fracture Labs has raised $ 3.5 million in a new round of funding. This money will be used to boost game development and build Fracture Labs’ non-fungible token market (NFT) ahead of the release of their new game Decimated in 2022.

Crypto Market Highlights: Stock Market News

The Argentine Football Association (AFA) has announced a partnership with the Bybit cryptocurrency exchange, making the exchange their sponsor of all football selections. Their logos will appear on teams’ training jerseys and other related assets.

The ChangeNOW cryptocurrency exchange has returned 600,000 Polygonal Tokens (MATIC) that were stolen in the 2020 hack to the Eterbase cryptocurrency exchange. ChangeNOW has frozen the funds upon receipt, but since Eterbase has not yet started the return process, ChangeNOW has taken the initiative and returned the stolen funds, which are now about 90 times more valuable than they were at that time.

Crypto Market Highlights: New Product and Service News

AMC Theaters will accept Shiba Inu (SHIB) via the BitPay wallet in 60-120 days, announced the company’s CEO, Adam Aron. Last week, Aron said AMC would accept BTC, ETH and other cryptocurrencies for online payments.

The cryptocurrency platform Voyager Digital is launching a USD-linked debit card (USDC) that will pay its customers up to 9% annual bonuses. It added that its debit card extras don’t include annual fees and lock assets to earn rewards while users can access their assets through ATMs.

Crypto Market Highlights: Blockchain News

The enterprise blockchain platform VeChain (VET) has transformed into Proof-of-Authority (PoA) 2.0, a new consensus mechanism. They added that the new algorithm supports their “growing ecosystem”.

Crypto Market Highlights: DeFi News

Decentralized Finance (DeFi) Protocol Injective has announced the public launch of its mainnet along with a $ 120 million protocol incentive program called Astro for traders, market makers, etc. for schools and DeFi projects.

Crypto Market Highlights: NFT’s News

NFT-based games company Yield Guild Games announced that it has partnered with and invested in eight NFT games since October 2021. MOBOX, Aavegotchi, DeHorizon and Genopets.

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According to Cointelegraph

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