Get your daily summary of crypto asset and blockchain-related news, investigating the stories flying under the crypto news radar today.
- MultiCoin Capital has said it has raised a new fund of $ 100 million in venture capital to support entrepreneurs setting up companies (equity) and protocols (token) in and around the crypto space. “We have been investing in this vehicle for several months already,” they added.
- Standard and Poor’s, the company behind the key S&P 500 index of major publicly traded stocks, has launched three indices for the crypto markets in a sign of increasing mainstream adoption. The company said its indices will cover the bitcoin (BTC) and ethereum (ETH) markets – with also a third index, the S&P Cryptocurrency MegaCap Index, “designed to track the capitalization-weighted performance of [BTC and ETH]. market “. The company will use data compiled by Lukka , a crypto data provider in which it has previously made strategic investments.
- An investor group consisting of Arrington XRP Capital , Blocktower Capital , Spartan Group and Skynet Trading has invested a total of $ 11.5 million in SCRT, the native token of the Secret Network blockchain . Michael Arrington, founder of Arrington Capital, said: “Secret is the first blockchain ecosystem to prioritize privacy. Financial privacy is fundamental to individual freedom and Arrington Capital has long been committed to financial privacy and resistance to censorship ”.
- Australian mining company Iris Energy Pty is considering going public, Bloomberg said , citing unspecified sources. Listing in the United States could raise them from USD 300 million to USD 500 million, but the company may also decide to go public on the Australian Securities Exchange . They have reportedly been contacted by several Special Purpose Acquisition Companies (SPACs), and if they decide to move forward with any of them, this would be the first such deal in Australia.
- The Swiss bank SEBA has stated that it is expanding its offerings with three new DeFi criptovalute. The new coins – synthetix (SNX), uniswap (UNI) and yearn finance (YFI) – now bring the number of cryptocurrencies offered by the bank to a total of nine, all equipped with services such as investment, custody and trading solutions.
- Sotheby’s has said it has teamed with Coinbase and for the first time BTC and ETH will accept as payment for a work of natural art. On May 12, the auction for Love is in the Air, Banksy’s iconic protest image, estimated at $ 3/5 million, will be conducted in dollars, but now the buyer will also have the opportunity to pay the hammer price with crypto, he added.
- New buyers of Argentine cryptocurrencies tend to buy USD-linked BTC or fiat stablecoins, according to experts quoted in a report by Scope. The media noted that “at least” one million new cryptocurrency users had entered the market in the country in the past few months and cited a number of South American cryptocurrency exchange managers, stating that entry-level users tended to opt for the you buy BTC as a “store of value”, with others trying to safeguard their savings against the damage of hyperinflation, investing in stablecoins such as dai (DAI) , USD coin (USDC) or tether (USDT). One executive said ETH was also gaining more and more new enthusiasts with some considering it a “safe store of value.”
- Bitstamp has announced that they are expanding into the US market. They intend to expand their institutional custody options and add a regulated derivatives offering in a team effort with traditional financial firms such as Nasdaq and Silvergate . Additionally, the exchange will welcome new talent and launch a new marketing campaign to further increase their reach in the United States.
- After the delays, Coinbase has finally listed the ERC-20 iteration of tether (USDT) . The coin will be available in all areas supported by Coinbase with the exception of New York State. It is also supported on Coinbase Pro .
- Bybit is launching its own cloud mining service in May, according to a statement sent by email. Users will be able to use this mining-as-a-service (MaaS) product to mine ETH, priced starting at USD 100 with plans lasting 7, 21 or 42 days.
- Thailand is the latest country to attempt to eliminate anonymity in crypto transactions and will try to force new crypto exchange clients to come in person to the offices to verify their identity, before they can open accounts on trading platforms. According to the Bangkok Post, the Anti-Money Laundering Bureau(known locally as Amlo) announced that Thailand-based exchanges will need to verify the identity of their customers using “a dip-chip machine” that requires customers to be physically present. The machine will scan the chips embedded in official ID cards. The exchanges will also reportedly have to automatically report all transactions worth more than $ 57,700, under AML protocols and must “create a database for regulatory inspections.”
- At the end of March, the Vietnamese Ministry of Finance formed a research team to look into cryptocurrencies, ASEAN Briefing reported yesterday, adding that around one million citizens of the country are already using cryptocurrencies.
- Ripple has said that Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, it became part of the Ripple Board of Directors while Kristina Campbell, former Chief Financial Officer (CFO) of PayNearMe , has become their new CFO.
- The Maker Foundation has returned MKR 84,000 from the Fund to development MakerDAO in a step forward towards its obsolescence, as part of their gradual decentralization effort. The Foundation has not set any clause on the amount: MKR holders will be able to decide what to do with it, in a spirit of decentralization.
- The team that burned and tokenized an original Banksy piece claimed to have raised $ 3 million to launch Burnt Finance , a decentralized auction protocol built on Solana (SOL) to enable “fast, seamless auctions.” Supported by Injective Protocol , its investors include Multicoin , DeFiance, Alameda , Mechanism , Vessel Capital , Hashkey , Spartan, and other investors.