Bitcoin-focused NYDIG, Company Valuation Up $ 1 Billion, Golden State FTX, Bitfinex Withdraw 6 BTC, and many other crypto market highlights compiled over the past 24 hours.
The Bitcoin (BTC) focused financial services company NYDIG has closed a $ 1 billion financing round and valued the company at $ 7 billion. The round was led by growth capital company WestCap, which included former executives Bessemer Venture Partners and FinTech Collective, as well as existing strategic partners and investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life. The company says the funds will be used to further develop NYDIG’s institutional bitcoin platform with the latest upgrades to the bitcoin protocol with features like bitcoin and lightning payments, asset encryption and more, as well as smart contracts.
Oscar-winning actress Gwyneth Paltrow recently took part in an equity financing round and owes $ 200 million to TeraWulf, a cryptocurrency mining company that aims to use 100% carbon-free energy, according to a report by Fox Business. As part of its debt and equity financing, TeraWulf signed a highly secured 3 year loan for approximately $ 123.5 million and issued newly issued common stock to its lenders.
The Lum Network consumer blockchain project announced that it has raised $ 4 million in a private sale. The project is building an on-chain verification system that enables companies to provide trustworthy reviews by timestamping them and storing them on the Lum Network blockchain.
VC-backed startup Danvas has announced the launch of its brand and the end of a $ 7 million seed round. Participants in this round include Greycroft, Lerer Hippeau, Waverley Capital, VaynerFund, UTA Ventures, BDMI and angel investors Rich Greenfield and Jason Nazar, the press release said. Danvas is scheduled to hit the market in spring 2022. Danvas displays feature a full-dimensional interactive design that brings NFT art to life and empowers true ownership of the artwork, it is said.
Global investment technology and advisory firm Wilshire has announced the formation of the Wilshire Digital Asset Advisory Group to provide the industry-standard Digital Asset Classification System (DATS). The advisory team, led by Blythe Masters, founding partner of investment firm Motive Partners, will review DATS classification decisions on a quarterly basis as the digital asset market continues to evolve.
The Golden State Warriors’ professional basketball team has agreed to sponsor international rights with the major crypto exchange FTX, CNBC reported. According to their sources, it is a multi-year contract with a total value of $ 10 million.
Bitfinex announced that they, working with Poloniex, have successfully recovered 6.51458211 BTC ($ 308.467 US), which was stolen in August 2016 when it lost nearly 120,000 BTC. Recovering Rights Token (RRT) holders will redeem their course tokens in the coming days and since the price of BTC / USD at the time the stolen BTC was recovered was $ 47,337, Bitfinex will be exchanging $ 308,380 in total RRT.
Binance is about to sign a letter of intent with the Dubai government on crypto-related activities, the Business Times reports. CEO Changpeng Zhao also recently met with the heads of the Dubai Blockchain Center and the Dubai Police’s virtual property crime division, they added.
The Brazilian exchange B3 plans to enter the crypto market in 2022, InfoMoney reported, citing a presentation by B3 President Gilson Finkelsztain on December 10th. The exchange is also reviewing services to facilitate over-the-counter trading and access to liquidity centers.
According to Bloomberg, Thailand plans to publish detailed rules on digital assets to reduce risk to the financial system and better protect investors as more and more people use cryptocurrencies. The Bank of Thailand should publish a consultation document on “Financial Context” in January to seek consensus on the red lines for those involved in digital currency, finance and finance, green keys and related areas.
SEC commissioners, Hester Peirce and Elad Roisman, said in a joint statement they were “disappointed” with Chairman Gary Gensler’s failure to raise capital, raise investor protection and the recent repeal Approved by rules supported by the committee and clarifications on cryptocurrencies provided. Commissioners added that the proposed regulatory framework is delaying changes related to investigating the flow of information around transactions, which are believed to include cryptocurrencies and the people behind the transactions, making investor data vulnerable.
Polygon (MATIC) introduces the Testnet Ethereum Improvement Proposal (ETH) (EIP) 1559 to introduce native MATIC token burning and better fee transparency. This improvement will appear live on the Mumbai Testnet.
Streaming service co-founder Justin Kan has announced a marketplace for game-related non-fungible tokens (NFTs) called Fractal, which is based on the Solana (SOL) blockchain. The company already has several gaming partnerships due to be announced over the next week.
The HBAR Foundation behind the Hedera Hashgraph (HBAR) project has partnered with the MetaVRse creation platform to develop Metaverse solutions for organizations in the Hedera network. The organizations believe this partnership will open up great career opportunities in the Metaverse.
The cryptocurrency company Circle, the main issuer of the USD-Coin (USDC) stablecoin, has launched the stablecoin on the Avalanche (AVAX) network, with USDC native liquidity available through the Circle account and the Circle API. They added that Decentralized Finance (DeFi) and other applications now have access to native USDC liquidity, eliminating the need for costly token bridges and packaged tokens.
Decentralized exchange aggregator (DEX) KyberSwap has announced a partnership with the GameFi Sipher project to launch a $ 50 million liquidity mining program on the Ethereum network on December 14th. The liquidity of mining incentives will be distributed as SIPHER and KNC tokens to SIPHER-ETH liquidity providers over the next 12 months.
Kraken cryptocurrency exchange announced that Human Resources Director Pranesh Anthapur has joined Kraken’s Executive Leadership Team. Pranesh will lead the development and implementation of Kraken’s global people strategy as the company plans to double its workforce to more than 5,000 over the next year.
The Zonda cryptocurrency exchange has appointed Jakob Lundqvist, formerly Enterprise Architect and Head of Development at Bitcoin Suisse AG, as Chief Technology Officer. Lundqvist will take over his new role on January 1, 2022.
Cryptocurrency payment solution MoonPay has announced the appointment of JD Millwood, formerly Vice President (VP) of Growth and Product at payment card company Curve, as Vice President of Growth.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.
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