Digital Assets Report 64

Digital Assets Report 64
  • Arab Bank Switzerland sponsors ETHDubai Conference
  • Ethereum builder ConsenSys raises $450 million at $7bn valuation
  • Mark Zuckerberg states that Instagram is adding NFTs
  • Bored Ape Yacht Club releases Ape Coin
  • BTC and ETH post significant weekly gains
  • FTX & Binance gain licenses in Dubai and Bahrain
  • Ukraine legalizes Cryptocurrencies

Business

Romain Braud on LinkedIn: Thrilled to announce Arab Bank (Switzerland) Ltd. as Silver sponsor
Thrilled to announce Arab Bank (Switzerland) Ltd. as Silver sponsor of the conference! Arab Bank Switzerland offers its clients the possibility to gain...
Goldman Sachs, Galaxy Digital announce milestone over-the-counter crypto trade
That Goldman, a top player in markets for traditional assets, is involved is a signal of the increased maturity of the asset class for institutional players.
$450M Raise Values Ethereum Builder ConsenSys at $7B as MetaMask Tops 30M Users
The hefty Series D more than doubles the firm’s previous valuation from November 2021.
Instagram is adding NFTs soon — says Mark Zuckerberg
Instagram is preparing to add NFTs, according to Meta CEO, Mark Zuckerberg at the South by Southwest (SXSW) conference in Austin.
Diem team members raise $200M to launch blockchain derived from it
The $200 million in funding will be used to hire new staff and to support “companies, brands and builders” who are looking to develop various projects on Aptos.
Optimism raises $150 million in a funding round co-led by a16z
Ethereum scaling solution Optimism says it raised $150 million in a Series B round, at a valuation of $1.65 billion, with a16z and Paradigm co-leading.
Banking giant HSBC partners with metaverse firm The Sandbox
HSBC is the latest corporate giant to enter the metaverse through a partnership with The Sandbox.
GameStop Announces Launch of NFT Marketplace for Q2 2022 - Decrypt
GameStop, the video game store beloved of millennials, has made a strong pivot to crypto. Now, it’s launching a new NFT marketplace.
MetaMask Token Confirmed, DAO in the Plans
The highly used wallet has surpassed 30 million MAUs, and will use the DAO to expand its functionality. The popular
Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy – Bitcoin News
Leading cryptocurrency exchange Binance has announced the launch of Bitfinity, its own payment processing company.
Bored Ape Yacht Club’s Yuga Labs Acquires CryptoPunks IP From Larva Labs - Decrypt
The rumors are true: Yuga Labs has bought the rights to CryptoPunks, and its granting Punk holders full commercial license.
Bored Ape startup plans virtual land sales, APECoin token to kickstart metaverse gaming project
Yuga Labs is projecting net revenues of $455 million this year, chiefly through virtual land sales that will kick off this month.
Solana-based NFT marketplace Magic Eden raises $27 million
Magic Eden, the largest NFT marketplace on the Solana blockchain, has raised $27 million in a Series A funding round.
Crypto firms warn customers after Hubspot employee account compromise | Headlines | News | CoinMarketCap
Several crypto firms warned their customers over the weekend following a data breach at marketing software maker Hubspot.BlockFi, Swan Bitcoin and …
Hacker steals $790,000 of NFTs and crypto from owners of Rare Bears
Hacker steals $790,000 of NFTs and crypto from owners of Rare Bears - Collectors of Rare Bears, a recently-launched NFT project, have lost around $790,000 worth of NFTs and other cryptocurrencies in a phishing attack.Rare Bears i...

Markets

Crypto Charts 60
BTC Price has broken out above a closing triangle with a move above $41′700 in play with a target of $52k whilst price remains above $37′500 ETH A rally above $3′050 is in a play however another sell-off to $2′695 / $2′750 is possible if the wave 4 correction isn’t complete
Market Intelligence 18
BTC continues to trade within a tight range Short-term holder supply reaches an all-time low Coinbase exchange’s BTC supply reaches a multi-year low Illiquid Supply Shock is approaching Supply Shock levels BTC’s Implied Volatility is significantly lower than other macro asset classes since the begin…
Fed’s 0.25% Interest Rate Hike Calms Nerves, Helping Both U.S. Stocks and Bitcoin
On Wednesday (March 17), the Federal Reserve approved the first interest rate rate increase in over three years. However, both the U.S. stock market and the crypto market took the news well since they finally got some clarity.

Regulations

Crypto Exchanges FTX, Binance Gain Licenses in Middle East - Decrypt
Popular cryptocurrency exchanges FTX and Binance have received regulatory approval from regulators in Dubai and Bahrain.
Ukraine Has ‘Legalized the Crypto Sector’, Says Ukraine’s Ministry of Digital Transformation
On Wednesday (March 16), Ukraine’s Ministry of Digital Transformation announced President Volodymyr Zelensky had “signed the Law of Ukraine ‘On Virtual Assets’, which was “adopted by the Verkhovna Rada of Ukraine on February 17.”
Singapore to Tax Income Generated From NFT Transactions
Singapore Finance Minister Lawrence Wong stated that the prevailing income tax rules apply to income derived from NFT transactions and trading in it.
Russia’s biggest bank Sberbank gets permission to exchange crypto, as sanctions hobble transfers of dollars
A day after the license was given, Sberbank said sanctions had restricted foreign currency transfers in Russia and abroad.
Sen. Elizabeth Warren Introduces Bill Designed To Block Crypto To Uphold Sanctions
Elizabeth Warren Crypto Bill is designed to stop Russia from evading sanctions through cryptocurrency usage. Here is what we know so far
Congress Members Challenge SEC Over Crypto Probes
Several members of U.S. Congress have written to the SEC to ask about its information requests to cryptocurrency projects.

Opinions

EU vote on Bitcoin mining: What does it mean for the industry?
The European Parliament committee vote “did not result in stifling technology this time, but indeed it raises questions about the future.”
El Salvador’s Companies Barely Bother With Bitcoin
El Salvador’s Companies Barely Bother With Bitcoin

Readings / Podcasts

Blockware Intelligence Newsletter: Week 30
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 3/11/22-3/18/22
The $10 Billion Bitcoin Bet On Stablecoins
Listen now (8 min) | If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, Algorithmic stablecoins elicit intellectual curiosity from people across disciplines. Whether you are coming…