US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News

US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News
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Get your each day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying beneath the radar of in the present day’s crypto information. 

Banking information

  • US-based Sullivan Bank has partnered with the digital asset platform Bakkt to allow shopping for and promoting of bitcoin (BTC) and ethereum (ETH) for its prospects, in accordance to an announcement.
  • Siam Commercial Bank, often called the oldest financial institution in Thailand, has scrapped a plan to purchase the native crypto change Bitkub Online, citing unresolved regulatory points, a assertion from the financial institution mentioned.

DeFi information

  • A proposal by two former executives at Uniswap Labs, the event agency behind the decentralized change Uniswap (UNI), to kind the Uniswap Foundation has handed a vote by the Uniswap group. The Uniswap Foundation goals to “support the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community,” per the proposal.
  • Cronos ID on Thursday launched its identification and communication protocol on Cronos, a blockchain constructed on Cosmos (ATOM), an announcement mentioned.
  • Web3 identification and area platform Decentraweb has introduced the launch of DecentraDNS, a service that permits permissionless buy of top-level domains (TLDs), in addition to minting and promoting of subdomains as NFTs on Ethereum.

Legal information

  • More than 30 workers on the bankrupt crypto lender Voyager will get a USD 1.6 million bonus cost after a New York chapter courtroom earlier this week authorised a request from the corporate to award key employees members, Law360 reported.

Tax information

  • Japan’s Financial Services Agency (FSA) and Ministry of Economy, Trade, and Industry (METI) will evaluation taxation guidelines for crypto corporations from 2023, per native information outlet Yomiuri.
  • The crypto tax calculator Koinly will any further assist the ERC-1155 customary for non-fungible tokens (NFTs) and so-called semi-fungible token (SFT) transactions, per an announcement. SFTs are principally used in blockchain-based video games and are a kind of token that acts like fungible tokens till they’re used.

Regulation information

  • The main crypto platform introduced on Tuesday it has handed a Service Organization Control (SOC) 2 Type II Compliance audit. The audit was carried out by auditing and consulting agency Deloitte, wrote in the announcement.
  • Crypto is just not helpful for India and different rising economies, the Reserve Bank of India Governor Shaktikanta Das has mentioned in an interview. “Countries like India are differently placed from advanced economies when there is a talk of dollarization of economy […] It is not a good thing for our economy to happen. […] Since all cryptos are denominated in the hard currencies by and large [the] dollar, [they] will not work in favor of countries like India. It may work in favor of the advanced economies,” Das mentioned, per the Economic Times.

Investment information

  • LiquidX, a Web3 enterprise capital studio for the metaverse, has taken a 70% stake for an undisclosed quantity in Anime Metaverse, a publishing and licensing firm centered on constructing anime, manga, and dorama in Web3, in accordance to an announcement.
  • Koop, a protocol powering community-governed networks, in the present day introduced its public launch. Per a press launch, it leverages NFT collector passes to fund tasks, achieve possession, and generate wealth collectively, with USD 850m in membership quantity two months in beta. It additionally introduced USD 5m in funding from lead buyers 1confirmation and Variant Fund, with participation from Palm Tree CrewDay One VenturesEthereal VenturesDeFi AllianceVolt CapitalPearVCDCF God0xmons, Cooper Turley, Balaji Srinivasan, and Liu Jiang.
  • Web3 Developer Platform thirdweb has raised USD 24m in a Series A funding spherical, bringing its valuation to USD 160m. The spherical was led by Haun Ventures, with participation from Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, Joseph Lacob, and others, per an announcement.

Sport information

  • French Web3 sport developer UNAGI has fashioned a partnership with English soccer golf equipment Birmingham and Sheffield that may see the golf equipment be part of UNAGI’s next-generation fantasy soccer sport, Ultimate Champions, per an announcement.

Career information

  • Sam Trabucco has introduced that he’s stepping down from his position as Co-CEO of crypto buying and selling and personal fairness agency Alameda Research, the father or mother firm of the FTX crypto change. Co-CEO Caroline Ellison will as an alternative take over as Alameda’s sole CEO, Trabucco mentioned in a tweet.

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