AMC accepts Shiba Inu (SHIB) via BitPay wallet in 60-120 days, and many more crypto market highlights from the last 24 hours
Investment News on the Cryptocurrency Market
*Digital asset investment products came in 13th place. Last week, Bitcoin (BTC) received the lion’s share of total inflows of $98 million, up from $95 million the week before, while Ethereum (ETH) received $17 million, down from $31 million the week before.
* Nexo’s board of directors has approved a $ 100 million repurchase scheme, which will allow the business to redeem its native NEXO tokens on the open market at regular intervals. The program will begin immediately and will last for six months, after which the board will determine whether or not to purchase again.
* Scion Asset Management, which was founded and is led by experienced trader Michael Burry, who is also known for his bets during the financial crisis, as depicted in the film The Big Short, closed positions against the ARK Innovation ETF (Exchange Traded Fund), which, according to Bloomberg, offers crypto assets among other things. The bets’ success is uncertain because the precise specifics of the put options that the corporation is using have never been made public.
* Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital, among others, led a strategic fundraising round for Persistence’s liquidity staking protocol, dubbed pSTAKE. “[T]his financing will enable us to further accelerate the expansion of pSTAKE and increase our position in the cosmos and Ethereum ecosystem,” stated Tushar Aggarwal, Persistence’s CEO, and founder.
* According to Bloomberg, Michael Novogratz’s Galaxy Digital Holding will list on a US stock market in the first quarter of 2019. In the first three months of next year, BitGo, a cryptocurrency custodian, is projected to be acquired.
Regulatory Updates on the Crypto Market
* According to Taiwan News, Taiwan’s Ministry of Economic Affairs (MOEA) has formally recorded cryptocurrency-related company operations and created a watchdog. According to the MOEA, crypto firms should be classified as “Virtual Currency Platforms and Businesses” in the “Finance, Insurance, and Real Estate” category rather than “Services.”
* According to Bloomberg, China is warning its state-owned enterprises to avoid phasing out crypto mining and is considering imposing punishment in the form of higher electricity prices on companies that continue to operate despite government prohibitions. According to them, the National Development and Reform Commission intends to crack down on large-scale bitcoin mining, as well as any involvement of state-owned businesses in it.
* The Travel Rule, which includes stronger reporting requirements for crypto dealers, is being fought by a South Korean senator. The Financial Supervisory Service (FSSChoi )’s Hwa-In cautioned that if the proposal is approved, the local blockchain business will be “severely hampered.”
* The US Securities and Exchange Commission has issued subpoenas to Marathon Digital Holdings officials to disclose documents and information about the Hardin data center in Montana, according to the company’s 10th quarter filing.
Marathon Digital Holdings is being investigated by the Securities and Exchange Commission (SEC), and the company has stated that it is participating in the inquiry without divulging the nature of any potential breaches.
* The UK’s Financial Conduct Authority has granted an MLR license to Crypto Facilities, a wholly-owned subsidiary of the Kraken cryptocurrency exchange (FCA). This license certifies that the company follows the same anti-money laundering regulations as FCA-regulated banks.
* Ripple, a fintech startup based in the United States, has announced the release of “A Real Approach to Cryptocurrency Regulation” Death, a framework for regulating digital assets and cryptocurrencies.
The approach, according to the company, is intended to provide “an immediate and pragmatic way forward to address the dynamic opportunities of cryptocurrencies and digital assets,” and that the “Best Publicity” policy outcomes “can be achieved through public-private partnerships by optimizing existing regulatory frameworks and promoting sandboxes for crypto innovations.”
Gaming News Highlights on the Cryptocurrency Market
* Fracture Labs, a blockchain video game developer, has announced a new round of fundraising of $3.5 million. This funding will go toward game development and the development of Fracture Labs’ non-fungible token market (NFT) in anticipation of the release of their new game, Decimated, in 2022.
News from the Stock Exchange
* The Argentine Football Association (AFA) has announced a partnership with the Bybit cryptocurrency exchange, which will serve as the exchange’s official sponsor for all football selections. Their logos will appear on the training jerseys of their respective teams, as well as other related materials.
* The ChangeNOW cryptocurrency exchange has returned to the Eterbase cryptocurrency exchange 600,000 Polygonal Tokens (MATIC) stolen in the 2020 hack. ChangeNOW immediately froze the funds upon receipt, but because Eterbase has yet to initiate the return process, ChangeNOW has taken the lead and returned the stolen funds, which are now worth roughly 90 times what they were at the time.
New Product and Service Announcements in the Cryptomarket
* According to Adam Aron, CEO of AMC Theaters, Shiba Inu (SHIB) will be accepted via the BitPay wallet in 60-120 days. Aron announced last week that AMC would accept BTC, ETH, and other cryptocurrencies as payment methods for online transactions.
* Voyager Digital, a cryptocurrency exchange, is launching a USD-linked debit card (USDC) that will reward customers with annual bonuses of up to 9%. It went on to say that its debit card extras don’t include annual fees and that users can access their assets through ATMs while earning rewards.
Blockchain News Highlights on the Crypto Market
* Proof-of-Authority (PoA) 2.0, a new consensus mechanism, has replaced VeChain (VET), an enterprise blockchain platform. They went on to say that the new algorithm helps them maintain their “growing ecosystem.”
DeFi News in the Crypto Market
* Injective, a Decentralized Finance (DeFi) Protocol, has announced the public launch of its mainnet, as well as the launch of Astro, a $ 120 million protocol incentive program for traders, market makers, and other DeFi project participants.
NFT’s News in the cryptocurrency market
* Since October 2021, Yield Guild Games, an NFT-based game development company, has partnered with and invested in eight NFT games. MOBOX, Aavegotchi, DeHorizon, and Genopets are some of the most popular virtual pets on the market.
