Crypto Market Highlights: New Product and Service News
The investment app Robinhood has announced that it will launch a beta-phase crypto wallet in mid-January 2022, which will be rolled out to thousands of customers from the waiting list. They added that they saw 1 million people waiting on the waiting list in less than 30 days and over 1.6 million people signed up for the wallet at press time.
FTX urges banks to come forward and discuss the possibility of accepting stablecoins in exchange for a $ 1 million reward. The exchange said it is exploring relationships with banks in different regions so that users can send and withdraw via stablecoins “almost instantly and almost free of charge”.
The issuer of the ProShares ETF has registered the Metaverse-focused ETF with the US Securities and Exchange Commission (SEC). The “Metaverse Theme ETF” tracks the performance of the Solactive Metaverse Theme Index, which includes companies with an involvement in the Metaverse industry.
Crypto Market Highlights: Mining News
Marathon Digital has agreed to buy 78,000 Antminer S19 XP Bitcoin (BTC) miners from Bitmain for $ 879.1 million. From July to December 2022, a total of 13,000 units will be shipped each month.
GEM Mining, a BTC mining company based in South Carolina, USA, claims to have employed a fleet of 13,118 active miners producing 6.5 BTC per day. The company also confirmed fully funded orders with hosting for an additional 19,000 machines – all of which are expected to be activated by the end of 2022. The company claims to have mined 560.9 BTC by February 2021.
Crypto Market Highlights: Investment News
ProShares’ Bitcoin Strategy Exchange-Traded Fund (ETF) raised more than $ 40 million to date in December, the third straight monthly increase, according to data compiled by Bloomberg. Additionally, investors have added $ 6.5 million to the Valkyrie Bitcoin Strategy ETF since late November, the third straight month of inflows, according to the report.
Crypto Market Highlights: Regulatory News
According to Forbes, a new US $ 768 billion defense law has removed “cryptocurrency” from the wording of the US National Strategy Against Terrorism and Illicit Finance. This political position does not seem to emphasize any concerns about or emerging technologies, she added.
Crypto Market Highlights: NFT’s News
E11EVEN Partners, the brand behind the popular disco club in Downtown Miami, bought the Bored Ape Yacht Club’s non-fungible token (NFT) Ape # 11 for a 99 ETH ($ 396,000 at press time transaction). NFT shows a monkey in a red bathrobe, laurel wreath and smoking.
Solana’s Phantom Wallet (SOL) abandoned its plan to sell expensive NFT invitations for its iOS beta after the community heavily criticized it for effectively priced at $ 1,600 in access tokens. It said it would donate the now-defunct proceeds to charity, but the access token would be replaced with a “free” beta invite for 1,000 people, a sharp drop from 7,000 tokens.
Crypto Market Highlights: Legal News
Australian crypto magnate Greg Dwyer’s attorneys at BitMEX crypto exchange persuaded a US judge to postpone Dwyer’s trial for breaking banking laws because he had little money Herold.
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