Digital Assets Report 58
- Polygon raises $450 million from Sequoia India and others to develop Web 3.0
- Aave, Chainlink, Uniswap ETPs launched by Swiss based 21Shares
- Bitcoin returns to $43k has rally continues
- Russia to introduce Crypto regulations on February 11th
Business
KPMG in Canada adds BTC and ETH to its treasury
Corporate adoption of Bitcoin and Ether appears to be growing, with more executives recognizing crypto as a maturing asset class.
Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8
Valkyrie’s Bitcoin Miners ETF will begin trading on the Nasdaq this week after filing with the Securities and Exchange Commission on Jan. 26.
Polygon Raises $450M From Sequoia Capital India, Galaxy, SoftBank to Support Web 3 Plans
Polygon will use the funding to build Web 3 applications and invest in zero-knowledge technology.
Dune Analytics raises $69.42 million in Series B, now valued at $1 billion
Crypto analytics platform Dune has entered the unicorn club with its latest $69,420,000 Series B round led by Coatue.
21Shares Launches “World’s First Physically-Backed” ETPs for Aave, Chainlink, and Uniswap
Switzerland-based 21Shares AG, which is considered one of the pioneers in issuing crypto exchange-traded products (ETPs), has announced listing of three new crypto ETPs on a Swiss regulated stock exchange.
Manchester United Unveils a Training Kit Sponsorship With Tezos
Manchester United is the latest soccer team to jump on the cryptocurrency bandwagon by teaming up with Tezos.
Bitcoin, Ether ETF That Aims to Cushion Volatility Set to Launch in Canada - Blockworks
The new ETF product seeks to offer the upside of both bitcoin and ether, while aiming to reduce volatility.
1Inch introduces investment tool 1inch earn
Markets
Crypto Charts 56
Bitcoin Bitcoin Long-Term Chart I have not touched the last alternate long-term view: ’Whilst above the wave A low at $28′824 and below $68′995 wave B high, one possible outcome for the BTC is that we trade in large triangle correction for the coming months. If this or the previous
BTC price returns to $43K — 5 things to watch in Bitcoin this week
Bitcoin just clips $43,000 as erasure of losses starts to characterize BTC price action.
Crypto derivatives data signals improving investor sentiment and a possible trend reversal
Money is trickling back into the crypto market and derivatives data suggests that investor confidence is improving as the market forms a bottom.
Regulations
Bipartisan Bill Proposes Tax Exemption for Small Crypto Transactions - Blockworks
US tax code must evolve to support growth in the digital economy, according to Washington Congresswoman Suzan DelBene
Russia to introduce strategies for crypto regulation by February 11 | Finbold
The Russian government is expected to produce alternative scenarios for crypto regulation by February 11, according to the sources.
UK Government Updates Crypto Tax Rules on DeFi, Staking - Decrypt
Her Majesty’s Revenue and Customs (HRMC) Office has updated the cryptocurrency tax rules that govern decentralized finance and staking.
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners – Mining Bitcoin News
The Energy Secretary of Argentina eliminated subsidies for crypto miners, raising the costs in energy to almost 4x what they paid before.
India proposes 30% tax on crypto and NFTs income – TechCrunch
India announced plans to launch a digital currency and tax cryptocurrencies and NFTs as it moves closer to recognizing virtual digital assets as legal tender.
US Treasury Identifies Money Laundering Risk of Digital Art Market
Opinions
Are Crypto Assets Securities?
The answer to this central question will have many consequences for the crypto industry, from regulation and compliance to insider-trading enforcement.
Podcasts / Readings
Field Guide to the Curve Wars: DeFi’s Fight for Liquidity
Curve, Convex, Llamas, Butterflies, Token Reactors, and a Big Bag of Stablecoins
Blockware Intelligence Newsletter: Week 24
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 1/28/22-2/04/22