Crypto Market Highlights January 12, 2022

Crypto Model joins Citadel, JPMorgan Client with Bitcoin Price and many other crypto market highlights compiled over the past 24 hours.

Crypto Market Highlights: Investment News

• Global market maker Citadel Securities announced that venture capital firm Sequoia and crypto-focused investor Paradigm have made a minority investment of $ 1.15 billion in the company. Citadel Securities provides institutional and retail investors with the liquidity they need to execute trades on a wide range of equity and fixed income products, they said.
• Only 5% of customers are getting JPMorgan Chase & Co. According to Bloomberg, surveys predict Bitcoin (BTC) will hit $ 100,000 by the end of 2022. However, more than 40% saw it above $ 60,000 where it was almost two months ago when it began its last decline.
• Fidelity Investments Canada has announced that it will add a small allotment to the Fidelity Advantage Bitcoin ETF in the Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF and its moderate to moderate versions. They added that the decision was made in the interests of diversification, with the potential to improve future risk-adjusted returns.
• The player-centric cross-chain non-fungible token (NFT) trading platform Lootex has raised $ 9 million in a round led by Spartan Capital, Infinity Ventures Crypto, LD Capital and Akatsuki to operate on its planned Metaverse marketplace for VentureBeat. Once completed, the Blockchain Metaverse Marketplace will potentially allow players to trade and purchase items across multiple blockchains.

Crypto Market Highlights: Stock Market News

BitMEX has appointed Ivo Sauter as CEO of BitMEX Link, a Switzerland-based company that provides crypto brokerage products and services around the clock. One of Sauter’s main goals will be to expand its talent pool and build a team of renowned professionals in Switzerland.

Binance has announced several new appointments to strengthen its position in the Commonwealth of Independent States (CIS), Russia and Ukraine. Olga Goncharova will hold the position of Director of GR in Russia and the CIS, Vladimir Smerkis, who has been appointed Head of Binance in Russia, while in Ukraine the position of General Manager will be taken over by Kirill. Khomyakov.

The Komodo Blockchain Interoperability Protocol (KMD) says it will introduce 13 protocols in the next version of AtomicDEX that provide transaction support, wallet support and multi-way bridges.

Crypto Market Highlights: Crypto and Sports News

Andre Iguodala, three-time NBA champion and professional basketball player for the Golden State Warriors, has announced that he will receive part of his estimated annual salary of $ 2.65 million in BTC.

Crypto Market Highlights: Mining News

Luxor Technology Corporation claims to have launched a new service for buying and selling Bitcoin miners (ASICs) – Luxor ASIC Trading Desk. Through its new division, Luxor will buy and sell specialized Bitcoin mining hardware on behalf of the Luxor team.

Crypto Market Highlights: Regulatory News

According to Quartz India, the Reserve Bank of India (RBI) has set up a new department to identify challenges and opportunities in financial technology, especially in the crypto space. The new division has been in operation since January 4th.

Crypto Market Highlights: Tax News

Thai Prime Minister Prayut Chan-o-cha directed the finance department to look into the matter to calculate taxes on cryptocurrency transactions and provide a clear explanation for investors and the public, according to the Bangkok Post statement. The ministry has held discussions with the Bank of Thailand, the Securities and Exchange Commission and the Thailand Stock Exchange.

Crypto Market Highlights: Legal News

The United States Securities and Exchange Commission (SEC) alleges that the blockchain-based trading platform tZERO has violated state disclosure requirements, fined the company $ 800,000, and issued an injunction as part of its agreement with the company.

Celebrity Kim Kardashian, boxer Floyd Mayweather and former NBA star Paul Pierce are being sued by an investor who claims the trio worked with Ethereum Max (EMAX) co-founders Steve Gentile and Giovanni Perone to raise token prices as well then sell them to the average investor who holds pockets (mostly worthless). Ethereum Max peaked at $ 0.000000597636 on May 31, 2021, before falling more than 80% in 11 days.

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