headlines
headlines
Russian central bank bans mutual funds from investing in cryptocurrencies
On December 13, the Central Bank of Russia issued an official statement on regulating investment opportunities in mutual investment funds, prohibiting fund managers from buying cryptocurrencies and financial instruments whose value depends on the price of digital assets. The statement emphasized that mutual funds are not allowed to provide exposure to cryptocurrencies to qualified or unqualified investors. (Cointelegraph)
Google Trends: Global searches for 'web3' have risen sharply in the past 12 months
The reporter found that although real estate speculators in the Metaverse in China are not as exaggerated as in foreign countries, the popularity continues to rise. Reselling Metaverse real estate has become an important business on the domestic second-hand trading platform Xianyu. Metaverse real estate transactions are very simple. As long as you add each other as friends on the relevant platform, you can "transfer" real estate to each other, and you can pay through Alipay or WeChat Pay. Regarding the issue of transaction security, the relevant sellers said that there is no particularly good solution, but they can show the counterparty's previous transaction records and Alipay's Sesame Points to show that there is no problem with credit. (Beijing Youth Daily)
cryptocurrency
cryptocurrency
Data: 10% of the total Bitcoin volume remains to be mined
According to Coingecko data, the current market circulation of Bitcoin is about 18.9 million (18,899,425), accounting for about 90% of the total supply of Bitcoin (21 million), leaving 10% of the total BTC to be mined.
Payment Processing Giant Nuvei and Visa Partner to Launch Crypto-Friendly Debit Card
Payment processing giant Nuvei (NASDAQ: NVEI ) has launched a Visa debit card through its subsidiary, crypto payment processor Simplex, to its partners in the European Economic Area and the United Kingdom after partnering with Visa. (Globe News Wire)
Jackson, Tennessee Mayor Plans to Include Bitcoin in 401(k) Retirement Savings
The mayor of Jackson, Tennessee, Scott Conger, said that he has sent out a request for a proposal to include Bitcoin in his 401(k) retirement savings, and the proposal will expire on the 22nd. Scott Conger has also formed a blockchain working group to investigate the acceptance of bitcoin for property taxes. (Be in Crypto)
Spanish Banking Giant BBVA's Swiss Branch Adds ETH to Crypto Custody and Trading Services
Switzerland's largest online bank Swissquote plans to launch a cryptocurrency exchange
NFT
As of Sunday, the overall market value of fragmented NFT collections was US$212,666,688, of which The Doge NFT (DOG) had the highest market value of US$130.4 million, accounting for 61.32% of the total market value of US$212.6 million. In second place is Etherrock #72 (PEBBLE) with a market cap of approximately $22.73 million. Feisty Doge NFT (NFD) ranks third with a market value of approximately US$18.29 million; Ladypunk (LADY) ranks fourth with a market value of US$7.67 million. The subdivided Meebit NFT (DSMB) has a market capitalization of $4.3 million, ranking fifth in the subdivided NFT valuation. (Bitcoin.com)
Investment and Financing
Investment and Financing
Gala Games and C² Ventures Launch $100M Fund to Accelerate Blockchain Games Development
South Korean blockchain company Lambda256 completes 70 billion won Series B financing, Hanwha Systems and others participate in the investment
South Korean blockchain company Lambda256 completes 70 billion won (about 59 million U.S. dollars) in Series B financing, Hanwha Systems invests 10 billion won, VTI Partners, Woori Technology Investment, KB Investment, Bokwang Startup Investment, DSC Investment, Shinhan Venture Investment, NH Financial Group and SBI Investment participated in the investment. The CEO of Lambda256 said that the funds will be actively used to secure talents, expand domestic and foreign businesses and the Luniverse ecosystem. (The Korea Times)
Chain game AcadArena completes USD 3.5 million seed round financing led by 1kx
South Korean blockchain company Lambda256 completes 70 billion won (about 59 million U.S. dollars) in Series B financing, Hanwha Systems invests 10 billion won, VTI Partners, Woori Technology Investment, KB Investment, Bokwang Startup Investment, DSC Investment, Shinhan Venture Investment, NH Financial Group and SBI Investment participated in the investment. The CEO of Lambda256 said that the funds will be actively used to secure talents, expand domestic and foreign businesses and the Luniverse ecosystem. (The Korea Times)
Chain game AcadArena completes USD 3.5 million seed round financing led by 1kx
Metaverse infrastructure platform Infinite Assets (InfiniteWorld) will go public through a merger with special purpose acquisition company (SPAC) AriesI Acquisition Corp. The combined company will have a projected equity value of $700 million and will trade on Nasdaq under the ticker symbol "JPG," the companies said in a statement Monday. The transaction is scheduled to close in the first half of next year. (CoinDesk)
Hololoot, an AR NFT generator project, has completed private placement and seed round financing (the specific amount has not been disclosed yet), with participation from Enjin, Ferrum Network, Otis Capital, and Legion Ventures. Due to the current high entry cost of NFT and Metaverse, Hololoot hopes to introduce NFT and Metaverse into nearly 1 billion devices supporting augmented reality (AR) around the world, so as to promote public access to Metaverse and NFT. (Bitcoinist)
Khaldoon al-Mubarak, chief executive officer of Abu Dhabi sovereign wealth fund Mubadala Investment Capital, said the fund is pouring money into the crypto ecosystem, citing blockchain technology and energy as areas of greatest interest. It is reported that Mubadala Investment Capital manages $243 billion in assets. The fund started to venture into cryptocurrencies back in 2019, investing in MidChains, the first regulated cryptocurrency exchange in the UAE. (U. Today)
global policy
global policy
Gary Gensler, chairman of the US SEC, stated at the Wall Street Journal CEO Council Summit that any project trying to raise funds from the public, regardless of the form (artificial intelligence, robo-advisors, applications, etc.), is a The SEC's broad remit is governed by securities laws. Gensler emphasized that the SEC's primary goal is to protect and serve the investing public. (Wall Street Journal)
Blockchain industry
SK Square, an investment subsidiary of the South Korean chaebol SK Group, is accelerating its deployment of metaverse and cryptocurrency businesses. Last month, SK Square announced an investment of 90 billion won (approximately $76 million) in Korbit, South Korea’s fourth largest crypto exchange, for a 35% stake. (Bloomberg)
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character * voice
Ethereum Co-Founder: High Gas Fees Are 'Measurement of Success'
Ethereum co-founder Joe Lubin said in an interview that high gas fees are a measure of success, a "growing pain" that is unavoidable and a sign of the network's popularity. When a new technology succeeds, it always has scaling issues. So, whether it's CPU cycles, screen real estate, or memory, the user is basically going to let the software engineer maximize the capabilities of the technology. As it turns out, we see consumers maximizing the capabilities of technology. (Decrypt)
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