Fidelity’s Bitcoin ETFs, investments in Metaverse, NFTs and many other highlights of the crypto market, compiled over the past 24 hours.
Crypto Market Highlights: Investment News
- Digital asset investment firm Grayscale Investments sent a letter to SEC Secretary Vanessa Countryman on Nov. 29, arguing that the SEC wrongly refused funds for three Bitcoin futures ETFs, one each from VanEck , Valkyrie and ProShares. She alleged the SEC violated the Administrative Protection Act (APA) by not treating two Bitcoin ETF products alike.
- The “Fidelity Advantage Bitcoin ETF” from Fidelity Investments is currently waiting to be listed on a Canadian stock exchange, according to a tweet by Bloomberg senior analyst Erick Balchunas.
- The South Korean bank SoftBank Group Corp. is investing $ 150 million in the Korean Metaverse platform Zepetto, which sells high-quality fashion items for 3D avatars, according to the Wall Street Journal. The platform has around 2 million users daily where people scan photos and create their own digital images and then hang out in the virtual world.
- Cryptocurrency company CoinShares announced that it has agreed to acquire French fintech company Napoleon Crypto SAS and its subsidiaries for nearly 14 million euros ($ 16 million).
- Bitcoin investment firm NYDIG raised $ 50 million for its fund to invest in the cryptocurrency on Saturday, the company said in a regulatory filing. NYDIG opened the fund on November 16, and a single investor contributed the full amount. It is planned to keep the fund open indefinitely.
- Decentralized exchange aggregator (DEX) 1inch Network has closed a $ 175 million Series B funding round led by Hong Kong-based Amber Group, the team said. According to a Forbes report, the company is valued at $ 2.25 billion this round. More than 50 investors participated in the round, which was conducted as a 1INCH token sale, including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund. With the new funding, the company aims to “provide an accessible opportunity for traditional financial players who have their disruptors in mind”.
- Blockchain security firm CertiK has closed a $ 80 million Series B2 funding round led by Sequoia with the participation of existing investors including Tiger Global, Coatue Management and GL Ventures. This round raises CertiK’s valuation to nearly $ 1 billion. The newly raised capital, along with the revenues from Skynet and Security Leaderboard, will be used to develop and operate more innovative products.
- The trading company 21Shares for Cryptocurrency Exchange Products (ETP) has announced the listing of Polygon ETP on Euronext Paris in EUR and USD on Euronext Amsterdam. As of November 2021, 21Shares manages over $ 2.9 billion in 20 crypto ETPs and 81 listings.
- Venture capital firm Borderless Capital has announced the launch of its $ 500 million ALGO Borderless Fund II. This new fund will invest in the digital assets that will power the next generation of decentralized applications on Algorand (ALGO), including ways to disrupt Creators’ economies. With NFT, create and accelerate the growth of the capital that participates in the ALGO DeFi ecosystem through liquidity mining, lending, borrowing and agricultural productivity.
- Korean blockchain investment company Hashed has announced the launch of a $ 200 million fund called the Hashed Venture Fund II. Hashed’s investment thesis is focused on Web 3.0, “which will revolutionize user interactions with the next generation of Internet such as NFTs, DeFi, GameFi, etc.” The company also sponsors Sean Hong and Baek Kim, two longtime members of Hashed , Become a partner.
Crypto Market Highlights: News on New Products and Services
The large Croatian supermarket chain Konzum has announced that it is now accepting 9 cryptocurrencies for payment in its online shop, so customers can buy groceries and other products with BTC, Ethereum (ETH), Bitcoin Cash (BCH), EOS, DAI, XRP, stellar . Can buy (XLM), tether (USDT) and USD coin (USDC). The company plans to add the option to “other stores across Croatia”. This payment method is made possible through a partnership with the local fintech company Electrocoin and their payment processor PayCek.
Crypto Market Highlights: NFT’s News
Non-fungible token (NFT) platform Sloika recently closed a $ 2 million seed funding round led by The Control. The project aims to provide photographers with a platform to regain ownership of their work in a Web3 environment.
NFT incubator NFT Investments announced that it has invested $ 1 million in NFT Studios to produce Hollywood feature films that are funded entirely through NFT. The first film of its kind was produced by Niels Juul, a Hollywood executive producer behind the films “The Irishman” and “The Silence” by Martin Scorsese.
The English Premier League is considering a partnership with a crypto platform offered by NFT, reports The Times. It added that the league’s approach would be “slow and careful” and different from the fan interaction model of a platform like Socios.
NFT Ecosystem Enjin (ENJ) announced that over 70 ecosystem partners have committed to building a “decentralized metaverse” on the Efinity platform. Among them are the users of Hololoot and the newly announced VRJam, which will complement the visual elements of the Metaverse on Efinity and lay the foundation for the graphic creative industry.
Crypto Market Highlights: Stock Market News
According to Bloomberg, the Thai crypto exchange Bitkub Online plans to offer more digital currencies and services in more countries in order to “become the Coinbase of Southeast Asia”. The company, aiming to expand into Malaysia, the Philippines and Laos over the next year, has grown its local sales more than 1,000% annually since it started in 2018.
Decentralized Cryptocurrency Exchange (DEX) IDEX announced the launch of v3 Hybrid Liquidity DEX on Polygon (MATIC). IDEX v3 Hybrid Liquidity combines order book and automated market maker (AMM) liquidity pools to protect users from AMM trips with instant trade execution with the best combination of limit order and pooled liquidity.
Crypto Market Highlights: DeFi News
Incubator DAO New Order has announced that it will partner with the Web 3.0 accelerator Base Camp, whose parent company is Outlier Ventures, to launch 30 to 40 new decentralized finance (DeFi) projects over the next year. While the main goal is to encourage more DeFi, New Order and Outlier Ventures also plan to explore “MetaFi,” a term coined by Outlier Ventures to stand for DeFi, which is applied to the metaverse.
DeFi Incubator Dispersion announced the launch of its AQRU platform, which will provide access to the cryptocurrency returns available in DeFi. AQRU’s fully insured facility protects investor money from theft and hacking and offers access to the most important crypto currencies Bitcoin and Ether as well as three stablecoins: USDT, USDC and DAI.
Crypto Market Highlights: Mining News
Bitcoin self-mining company Bitfarms has announced that it mined 3,089 BTC in the first 11 months of 2021, of which 339 BTC were mined in November 2021 in the first quarter of 2022 and 8 EH / s by the end of 2022 from currently 2.1 EH / s on November 25, 2021.
Bitcoin miner Greenidge Generation Holdings (GREE) plans to sell $ 35 million worth of premium banknotes due in October 2026, according to a new filing. The new coins have had an interest rate of 8.5% since October 13 and were an “additional issue”. Greenidge is said to raise $ 55.2 million. The filing states that the company intends to “use the net proceeds for general corporate purposes including financing investments, future acquisitions, investments and working capital, and payments”.
Crypto Market Highlights: Crime News
According to CNN, officials from the U.S. Federal Bureau of Investigation (FBI) seized around $ 2.3 million in cryptocurrency in August in connection with ransomware attacks on Russian-based Aleksandr Sikerin. Cryptocurrency wallets currently controlled by the FBI can track ransomware attacks believed to have been carried out by Sikerin.
Jeremy Spence, better known as Coin Signals, has pleaded guilty to recruiting over $ 5 million from over 170 individual investors for various crypto funds he manages that promise fictitious returns of up to 148%. He was not convicted, but his crimes are punishable by a maximum of ten years in prison.
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