Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
- Helium (HNT), a decentralized machine network “powered by a physical blockchain,” recently raised USD 200m in Series D funding at a USD 1.2bn valuation, Axios reported, citing no one. Tiger Global and FTX Ventures are among the new investors, it added.
- Crypto asset manager Hashdex launched a DeFi exchange-traded fund (ETF) called DEFI11 on Brazilian stock exchange B3.
- Asset manager CSOP announced the listing of their CSOP Metaverse Concept ETF on the Hong Kong Stock Exchange. The fund will adopt an active management strategy mainly investing in US-listed companies, relating to the metaverse business.
- Venture capital firm Cherry Ventures launched a new EUR 30m (USD 34m) crypto fund named Cherry Cars Crypto, to be used to trade in cars for crypto as its name implies. The fund consists of a Web3-focused team spanning investments, research, and portfolio support functions, they added.
- Perpetual futures decentralized exchange (DEX) Perpetual Protocol announced it has raised USD 2.68m via Initial Voucher Offering (IVO) using Convertible Vouchers, where, according to them, almost half of the USD 4m available sold out in 30 minutes. The Convertible Vouchers are a type of NFTs that give greater autonomy for protocols to raise capital for future operations without having to sell its treasury assets, they said.
Regulation news
- The US White House will be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework, Yahoo Finance reported. The directive from President Biden would order the Office of the Attorney General, the State Department, and the Treasury Department to study the potential rollout of a US-issued central bank digital currency (CBDC), it added.
- Spanish crypto exchange Bit2Me obtained approval from the Bank of Spain to be the “first provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets.”
Legal news
- A New York judge ordered blockchain company Terraform Labs and its CEO Do Kwon to comply with subpoenas the US Securities and Exchange Commission (SEC) issued in its investigation of Terra’s Mirror Protocol, according to a filing. Terraform and Kwon sued the watchdog on claims that it violated its own rules and the Due Process Clause of the US Constitution in serving Kwon in September last year.
- US law enforcement agencies seized almost USD 30m worth of crypto related to NetWalker ransomware in January 2021, according to blockchain research firm Chainalysis. The amount comes from just under BTC 720 and XMR 15.7.
Mining news
- BIT Mining abandoned its Bitcoin (BTC) mining data center construction project in…
Read More: cryptonews.com