Digital Assets Report 57
- FTX raises $400 million in funding round at $32 billion valuation
- $1.5 billion SPAC merger for Crypto mining company BitFuFu
- Biden pushes for Crypto regulations as matter of National security
- Gemini affiliate approved by SEC to operate as Digital Asset securities broker
Business
FTX US Raises $400 Million in Funding, Tops $8 Billion Valuation
FTX US became the latest crypto firm to hit a valuation of $8 billion after the company secured $400 million in its Series A funding round.
Digital asset custody firm Fireblocks confirms $550m funding at $8 billion valuation - Ledger Insights - enterprise blockchain
Digital asset custody startup Fireblocks raised a $550 million Series E funding bringing total funds raised to over one billion.
Crypto exchange Apifiny goes public after $530 million deal with Abri SPAC
Apifiny intends to bolster its blockchain technology tool offerings and regulatory transparency through the merger, expected to close in Q3.
MK Manoylov
Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public
BitFuFu announced on Tuesday that it would enter a definitive business combination agreement with Nasdaq-listed Ariz Acquisition.
Catherine Wang
Ethereum-BSC bridge of Qubit Finance exploited, lost $80 million
The cross-chain bridge of DeFi protocol Qubit Finance, called X-Bridge, has been exploited and lost $80 million in the process.
Yogita Khatri
Fidelity kickstarts process to list metaverse and crypto company ETFs
The instruments, if accepted, will trade under the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF tickers.
Lucy Harley-Mckeown
‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferates
The digital marketplace for NFTs grew to an estimated $22bn last year but companies face challenges monitoring stolen art
Lois Beckett
New York Commercial Bank With Over $8,000,000,000 in Total Assets To Offer Bitcoin Services - The Daily Hodl
A New York-based financial institution, Flushing Bank, is planning to offer Bitcoin (BTC) services to its customers.
Daily Hodl Staff
LeBron James and CryptoCom to Provide Crypto Education for Kids
“Blockchain technology is revolutionizing our economy, sports, and entertainment,” LeBron James stated.
Dimitar Dzhondzhorov
Valkyrie Applied With the SEC to Launch a Bitcoin Miners ETF
Valkyrie has filed an application with the US SEC to launch an exchange-traded fund tracking the performance of BTC mining firms.
Jordan Lyanchev
🤯 Royal Bank of Canada, the country's largest bank, appears to be running its own #Bitcoin node pic.twitter.com/nSvnBp7JuZ
— Bitcoin Magazine (@BitcoinMagazine) January 26, 2022
BREAKING 💥 Brussels Member of Parliament to convert ENTIRE 2022 SALARY into #Bitcoin 🇧🇪 pic.twitter.com/FIKiTBPfY2
— Bitcoin Magazine (@BitcoinMagazine) January 27, 2022
Markets
Crypto Charts 55
Bitcoin Last time I said: I am showing, a possible scenario that allows for higher whilst above $28′824. A move below $35′548 should see an acceleration below Monday’s low of $32′921, and we would use the test of the bottom of the red channel around $31.5 K to buy
Rayan Khan
Blockware Intelligence Newsletter: Week 23
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 1/21/22-1/28/22
Blockware Market Intelligence
Bitcoin Transfer Volumes See Massive Uptrend In Institutional Dominance, Signaling Market Breakout
According to on-chain data provider, Glassnode, 65% of recent transactions’ transfer volume in the market exceeds the level of
Dmytro Kharkov
Regulation
Joe Biden To Push For Crypto Regulations as a Matter of National Security
According to anonymous sources, Joe Biden believes that crypto regulation is a matter of national security for the United States.
Felix Mollen
Crypto Exchange Gemini Affiliate Gains FINRA Broker-Dealer License
Gemini Galactic Markets, an affiliate of Gemini, is now a member of the FINRA and has received approval to operate as an SEC-registered broker-dealer.
The Unhosted Crypto Wallet Rule Is Back
The rule was first proposed by a U.S. money-laundering watchdog FinCEN in late 2020.
Nikhilesh De
Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets
The protocol automatically identifies an unhosted wallet when crypto is withdrawn from a Swiss exchange.
Ian Allison
Thailand restricts use of digital assets for payments - Ledger Insights - enterprise blockchain
Thai regulators are restricting the use of digital assets or cryptocurrencies for payments. Only regulated digital assets will be usable.
Opinions
Former Russian president says Russia’s crypto ban would lead to ‘opposite result’ | Finbold
Russia’s central bank proposal to outlaw several cryptocurrency-related activities continues to elicit reactions with the country’s former president Dmitry Medvedev... Continue reading
Justinas Baltrusaitis