EOS Foundation sues Block.one, Crypto M&A value surges 4,846%, Manchester United partnership with Tezos and many other crypto market highlights compiled in the last 24 hours.
51% of all transactions take place in the Americas, but in terms of transaction value, Europe, Middle East and Africa (EMEA) slightly surpasses the region at $25.5 billion.
Binance has announced the signing of a Memorandum of Understanding (MoU) for a strategic partnership with decentralized gaming company Netmarble F&C to build a global play-to-earn (P2E) ecosystem and deliver NFTs. The two teams will develop and contribute to the Binance Smart Chain (BSC) infrastructure via the BSC Application Side Chain (BAS).
Crypto.com has signed a nine-year deal to become an official partner of the Miami Grand Prix, the latest race on the Formula 1 calendar. The Crypto.com logo will appear on the podium and winner’s trophy, and the exchange’s branding is on display the Crypto.com Terrace, with track views and an exclusive observatory on the fourth turn of the race.
Trading app Robinhood is turning its attention to its international expansion, a strategy that will also see the San Francisco-based company shift most of its focus to crypto, Steve Quirk, the firm’s brokerage director, told CNBC. Quirk says that “the way to [Robinhood] Going global and gaining traction is likely through cryptocurrency.”
New Hampshire Governor Chris Sununu has announced a new state commission focused on investigating cryptocurrencies, their impact and the types of laws the state can pursue. By order of the Executive, the Committee will, among other things, “[m] Make insights and decisions regarding the role and effectiveness of applicable governmental laws and regulations applicable to cryptocurrencies and other digital assets, and why they should be changed, and make necessary improvements to those laws and regulations.”
The EOS Network Foundation, an organization established to support the development of the EOS ecosystem (EOS), is considering legal action against Block.one, seeking $4.1 billion in damages. CEO Yves La Rose tweeted that the platform was taking steps to hold Block.one “accountable for past actions and broken promises.”
The couple, who are accused of trying to launder billions of dollars in Bitcoin stolen from crypto exchange Bitfinex in a 2016 hack, have asked a Washington judge to restore their bail, according to Bloomberg. Ilya Lichtenstein and Heather Morgan have revealed they will be involved in the case by staying there even after discovering they were under investigation a few months ago and despite allegedly having access to hundreds of millions of dollars in BTC her attorney said in a lawsuit requesting that the U.S. Department of Justice keep her incarcerated.
Soccer giant Manchester United has announced that it has signed a multi-year partnership with blockchain platform Tezos (XTZ), confirming a previous report stating the same thing. The Tezos-branded training kit will be worn for the first time by the first-team ahead of this weekend’s game against Southampton.
The Washington Nationals baseball team says it will “explore” stablecoin TerraUSD (UST) stadium payments as part of a nearly $40 million funding round with Terra. In addition, over the next 5 years, the VIP lounge on the home plate of the soccer field will be named “Club Terra” and feature prominent crypto branding.
Wyoming-based cryptobank Avanti now has a routing number assigned by the American Bankers Association (ABA) and is one step closer to potentially obtaining a master account with the Federal Reserve (Fed), the central bank of the United States. Sort codes are used to identify banks for checks and other transactional purposes, and are only issued to federal or state financial institutions that are also eligible for a Fed account.
Zambia is exploring a potential central bank digital currency (CBDC) and is expected to complete its research by the end of the year, Bloomberg reports. They added that the Bank of Zambia aims to reduce transaction costs and increase people’s participation in the formal financial system.
According to Reuters. The bank said that a digital currency could limit the effectiveness of monetary policy and increase the risk of money laundering, but added that it could also offer a range of benefits, particularly in terms of lowering the cost of cross-border payments.
The Independent reports that the World Wide Fund for Nature (WWF), an international NGO, has quietly withdrawn a number of NFTs it plans to sell to raise funds for its conservation work. The decision comes after a backlash over the technology’s environmental impact, it said.
Luxury brand Gucci announced that it has bought an undisclosed amount of virtual land on decentralized blockchain game The Sandbox (SAND). Gucci will create themed experiences on The Sandbox inspired by the “Gucci Vault” platform, which lists Gucci-themed items such as NFTs and vintage bags.
Cryptocurrency mining company Iris Energy reported mining 364 BTC for its second fiscal quarter (ended December 31), a 51% increase over the previous three months. Its revenue of $20 million was about 93% higher sequentially, and adjusted earnings before interest, taxes, and amortization (EBITDA) of $14.3 million were up more than 156%.
Bitcoin mining company CleanSpark is considering strategic alternatives to its legacy energy business, which plans to focus solely on its bitcoin mining segment, adding that it has 20,900 running machines with a total hashrate of over 2.1 EH/s operates and produces around 10 BTC per day. The company had net income of $14.5 million and Adjusted EBITDA of $24.1 million for the fiscal first quarter, for a net income margin of approximately 35% and 58%, respectively.
Financial app Revolut is hiring senior engineers to lead the startup’s development of blockchain technology, and stipulates that candidates must be familiar with Solidity, the programming language used to write smart contracts.
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