Bitcoin Offering Bank, Picasso NFT, Binance Release SEPA Deposits and many other crypto market highlights compiled in the last 24 hours.
Crypto Market Highlights: Investment News
Adam Dell, Marcus’ former product manager at Goldman Sachs, a brand owned by the banking giant, has launched a crypto investment app called Domain Money, which is raising $33 million from private investors. This app is aimed at private users who are charged a 1% annual management fee for actively managed and sorted investment plans.
Justin Muzinich, US Deputy Treasury Secretary in Donald Trump’s administration, holds a minority stake in wealth manager Road Capital Management, which raises debt capital to invest in assets and platforms, blockchain platforms, and cryptocurrencies and other digital financial instruments, according to Bloomberg.
Web Game Project 3 BreederDAO has raised $10 million for Series A co-led by Andreessen Horowitz (a16z) and Delphi Digital. BreederDAO will use the funds to expand its wealth creation program, they added.
Crypto Market Highlights: Stock Market News
Binance is in the process of restoring payments from the European Union’s Single Euro Payments Area (SEPA), reports Bloomberg. Payments through the network will continue “in the coming hours,” the outlet said.
Gemini Galactic Markets, a subsidiary of Gemini Trust Company, announced that it has received approval from the Financial Industry Regulatory Authority (FINRA) to operate a brokerage dealer, registered with the Securities and Exchange Commission in the United States and is an official member of FINRA. As a result of this approval, Gemini Galactic will be able to operate an alternative trading system that will facilitate trading of securities of digital assets, they added.
According to Bloomberg, Dan Dolev, a senior fintech analyst at investment bank Mizuho Securities, called Coinbase stock “particularly unattractive” at the time amid fresh signs of a “crypto desert death.”
Crypto Market Highlights: News on new products and services
US-based community bank Five Star Bank has announced a partnership with Bitcoin (BTC) firm NYDIG. This will allow bank customers to buy, sell and hold bitcoin, powered by the NYDIG.
If investment firm Valereum manages to acquire a majority stake in the Gibraltar Stock Exchange (GSX), the exchange will function as a regular exchange, with the only exception being that transactions can be settled in crypto instead of just fiat, Wired reported, citing Patrick Lyle Young, CEO of Valereum.
Crypto Market Highlights: NFTs News
Pablo Picasso’s heirs are selling 1,010 digital artworks of one of his ceramics, which has never been publicly displayed before, according to AP News. Auction house Sotheby’s is holding an auction in March that will feature a single non-fungible token (NFT) as well as real china bowls.
American rapper and record producer Kanye West argues he should be paid for the photos the paparazzi take of him using NFTs, he told a cameraman who filmed him at Miami International Airport. He said he thought it was unfair that he wasn’t entitled to royalties for paparazzi photos and he wanted to change that.
Crypto Market Highlights: Wallet News
According to The Verge, a hardware hacker who helped New York-based entrepreneur and crypto enthusiast Dan Reich recover more than $2 million using the Trezor One hardware wallet. However, SatoshiLabs, the creator of the wallet, fixed a security issue found in Reich’s device some time ago, and all new devices ship with a fixed bootloader.
Crypto Market Highlights: Regulatory News
Florida’s Office of Financial Conduct (OFR) has issued a warning against companies that rely on decentralized finance (DeFi), saying it’s important that customers do due diligence and understand what DeFi is in order to not to become a victim of fraud.
According to local news source Klix, cryptoassets could be regulated “soon” in the Republic of Srpska, a smaller entity of the two entities of Bosnia and Herzegovina. Although it’s unclear whether the bill will favor cryptocurrencies, the local finance minister said they are looking at how other countries in the region are dealing with these issues.
Crypto Market Highlights: Career News
Former US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has joined Digital Asset’s board of directors and will advise the smart-contract-focused financial services software provider on a variety of blockchain-related issues.
The New York Department of Treasury (NYDFS) has confirmed that Adrienne Harris, a former federal official and professor, will lead Wall Street’s regulator. Harris has served as NYDFS CEO since his appointment in August 2021.
Ryan Wyatt, YouTube’s Head of Gaming, has announced that he will be leaving the video-sharing platform in February to join gaming and NFT platform Polygon Studios as CEO. He cited his passion for blockchain and Web 3 development while declaring his resignation.
Chris Lehane, a senior Airbnb executive and former Clinton administration official, told Axios Pro Fintech Deals that he plans to join the executive team of a crypto venture fund to be announced later next month. According to Lehane, it’s a Silicon Valley-based global fund focused on early-stage and growth-stage startups at all levels of Web 3.
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