Crypto Market Highlights December 18, 2021. Polygon & Alexis Ohanian’s Seven Seven Six, Binance.US hiring an exchange’s chief risk officer, Coinbase is preparing to give users access to the Metaverse and other crypto market news compiled over the past 24 hours.

Crypto Market Highlights: Investment News

Polygon (MATIC) and Alexis Ohanian’s Seven Seven Six have announced that they have launched a $ 200 million initiative that will support projects at the intersection of social media and Web 3.0. “The driving force behind Web 3.0 is that there can be a better version of the Internet that gives users more options across platforms. It is a response to the ubiquitous feeling that the current feature of the social media giants has strayed too far from the open source ideals of the original web, ”they said.

Founded by Jihan Wu, former crypto mining hardware maker Bitmain, Matrixport cryptocurrency investment platform plans to double the value of assets under management and custody and the number of users on its platform by 2022, according to DealStreetAsia. The startup has S $ 10 billion (US $ 7.33 billion) under management and S $ 3 billion (US $ 2.2 billion) in assets, while the number of users of the platform is unknown.

Kraken Ventures, an independent mutual fund led by Kraken alumni targeting early-stage companies and protocols across the crypto and fintech ecosystem, claims it has its first fund, Kraken Ventures Fund I LP, at 65 million US dollars closed. In addition, as part of Kraken Ventures’ global expansion plan, the company has named Laurens De Poorter as Head of Europe.

Decentralized Vault BitDAO and venture partner Mirana Ventures launched EduDAO in collaboration with student and faculty groups from eight university partners: Berkeley, Penn, Harvard, MIT, Michigan, USC, Oxford and University Learn Tsinghua. EduDAO will act as an independent steering committee and annually raise up to 11 million.

The US Securities and Exchange Commission (SEC) has issued an extension of the decisions regarding Bitcoin Exchange Traded Fund (BTC) and Bitwise Asset Management (ETF) and Bitcoin ETFs from NYSE Arca from Grayscale Bitcoin Trust. The new deadline for Bitwise is February 1st, while the Grayscale deadline is February 6th.

Aztec, Ethereum scaling and data protection solution, has raised $ 17 million in a Series A funding round led by Paradigm. The funds will be used for grants for Aztec’s newly launched private bridge for Ethereum called Aztec Connect, as well as to support network decentralization and further technology development.

Crypto Market Highlights: News on New Products and Services

Aryeh Bourkoff, CEO of consulting firm LionTree, said they are looking at ways to accept cryptocurrencies as a means of payment for the company’s services, with the ability to generate information tokens. Trust LionTree. The company, which acts as an advisor to giants like Amazon and MGM, also lists obstacles to the future of the industry, including the industry’s remaining monopoly status and the environmental impact.

Tech company Ether Capital Corporation announced that it has allocated 10,240 ETH ($ 40 million) to the Ethereum Beacon Chain. The company said it has also signed an agreement with blockchain service provider Figment to run the validation infrastructure for this staking assignment.

Crypto Market Highlights: Career News

Niklas Nikolajsen, the veteran founder of the cryptocurrency broker Bitcoin Suisse, will step down as Chairman of the Board of Directors on January 1st. Luzius Meisser, a member of the Board of Directors since 2017, was elected Chairman of the Board on his behalf.

Binance.US has hired Sidney Majalya, Intel’s top compliance officer, as the exchange’s chief risk officer.

Rob Collier, formerly Head of Consumer Law at Metas Referral Service Novi, has joined the Social Token and NFT platform Rally as General Counsel to oversee all US and international legal and compliance matters.

The Swiss non-profit NEAR Foundation has selected the global CEO Marieke Flament as the new CEO of the Dollar (USDC) with effect from January 1, 2022.

Crypto Market Highlights: NFT’s News

Mobile communications company LINE Corporation has announced the launch of LINE NEXT, a joint venture to develop and expand the global non-fungible token (NFT) ecosystem. Based in Korea and the United States, the company plans to launch a new global NFT platform based on LINE’s experience in developing global services and blockchain technology products.

Christie’s auction house has completed an auction of two Wikipedia-related items directly from Wikipedia co-founder Jimmy Wales, entitled “The Birth of Wikipedia”. The first edit of the NFT on Wikipedia sold for $ 750,000 and the Strawberry iMac, used by Wales to create Wikipedia, sold for $ 187,500.

Exodus Movement, an undisclosed cryptocurrency platform, claims to have introduced the Zero Fungible Token Library feature, which Solana NFT is integrating into its mobile app. Through its partnership with Magic Eden, a Solana NFT marketplace, Exodus offers users the ability to browse, search, filter, buy and sell NFTs directly from their Exodus wallet.

Crypto Market Highlights: CBDCs News

Financial services giant HSBC and tech giant IBM announced the successful testing of an advanced token and digital wallet payment between two central bank digital currencies (CBDCs) in a cloud environment. The test examined the end-to-end transaction lifecycle, including CBDC (Minting and Allocation), eBonds (Delivery versus Payment (DVP) for primary and secondary issues and coupon payments) and Foreign Exchange (Pricing and Settlement versus Settlement (PVP).

Crypto Market Highlights: Stock Market News

Binance Holdings, the company behind Binance, has held talks with regulators in the United Arab Emirates about a possible headquarters in the Arabian Gulf country, Bloomberg reported. The company has spoken to regulators from Dubai and Abu Dhabi, it added.

Crypto Market Highlights: General News

Coinbase announced that it is working on tools that will allow anyone to access the metaverse, including technology that will enable users to purchase avatars, identify and maintain public profiles, and build trust. They did not give a schedule for the project.

Tech company Ether Capital Corporation announced that it has allocated 10,240 ETH ($ 40 million) to the Ethereum Beacon Chain. The company said it has also signed an agreement with blockchain service provider Figment to run the validation infrastructure for this staking assignment.

News about new products and services

Aryeh Bourkoff, CEO of consulting firm LionTree, said they are looking for ways to accept cryptocurrencies as a means of payment for the company’s services, with the ability to generate information tokens. Trust LionTree. The company, which acts as an advisor to giants like Amazon and MGM, also lists obstacles to the future of the industry, including the industry’s remaining monopoly status and the environmental impact.

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