YouTube NFTs, MicroStrategy to Keep Buying Bitcoin

YouTube NFTs, MicroStrategy to Keep Buying Bitcoin

Source: iStock/dem10

NFTs breaking news
According to Bloomberg, YouTube CEO Susan Wojcicki is considering introducing NFT tools for its video makers in a letter to the site’s broadcasters. She did not, however, specify what her team’s plans are or when they would be implemented. Wojcicki also told creators that Web 3 was a “source of inspiration” for her organization.
The Blockchain-Based Service Network (BSN), China’s state-backed blockchain infrastructure initiative, has announced the launch of its platform for non-fungible tokens (NFT) in the nation. BSN renames NFT as Decentralized Digital Certificate (DDC) to distinguish it from NFTs exchanged on public chains outside of China using cryptocurrencies (which are prohibited in China).

Gucci, an Italian luxury fashion company, has teamed up with toy maker Superplastic for a February 1 drop of ten NFTs. Each NFT will include a ceramic sculpture handcrafted in Italy and co-designed by Gucci.

Julian Lennon, John Lennon’s son, will begin selling a collection of Beatles memorabilia as a set of NFTs called the “Lennon Collection” on the NFT marketplace YellowHeart on February 7. The collection includes Paul McCartney’s notes while composing “Hey Jude,” clothes used by John Lennon in the Beatles’ films, and several guitars handed to Julian Lennon by his father.

Investing news

Despite the recent drop in the price of bitcoin (BTC), MicroStrategy will continue to invest in it, according to the Wall Street Journal, quoting Chief Financial Officer Phong Le. According to the business, which has USD 2.41 billion in BTC as of September 30, its aim is to acquire and keep BTC.

Grayscale Investments has added 25 digital assets to its list of possible investments, including DeFi projects Algorand (ALGO) and Convex (CVX), as well as metaverse businesses The Sandbox (SAND), Axie Infinity (AXS), and Yield Guild Games (YGG). They did, however, clarify that not every asset under evaluation will be converted into one of their financial products.

Schwab Asset Management, a major asset manager, is exploring at methods to provide customers with further exposure to crypto, such as spot cryptocurrencies or blockchain technology in the form of an exchange-traded fund (ETF), according to David Botset, head of equities product management and innovation. The business already provides four mutual funds and four exchange-traded funds (ETFs) with crypto linkages from third parties.

Blockchain Founders Fund received USD 75 million in funding for its BFF II fund from a variety of investors, including NEO Global Capital, AppWorks, and Sebastien Borget, Chief Operating Officer of The Sandbox, a video game and metaverse app. The fund has already made investments in a number of firms, including FXDX, a decentralized derivatives market, and Breshna, a video game tech company.

BCB Group, a supplier of business accounts and trading services for the digital asset market, has announced the completion of a USD 60 million Series A fundraising round headed by Foundation Capital. According to the company, this round of investment would allow BCB Group to supply payments and market infrastructure in new locations.

Regulation updates

Thailand’s financial authorities want to regulate the use of digital assets as a form of payment for products and services, according to statements from the Bank of Thailand, the Ministry of Finance, and the Securities and Exchange Commission. Regulators have said that they will explore using their authority to prohibit the use of cryptocurrency for payment and will release new rules for some digital assets that support the financial system and innovation without creating a systemic danger.

Belarus has no intentions to tighten its permissive crypto regulation, according to the press department of Hi-Tech Park, the country’s cryptoasset regulator. Belarus legalized cryptocurrency usage in 2017, enabling anyone to own, mine, and trade digital coins in exchange for other tokens or currencies.

News from the exchanges

Binance announced that it has reached an agreement with the Argentine Football Association (AFA) to become the national football team’s principal sponsor and the naming sponsor of its national football league for the next five years. According to the business, this is the first transaction Binance has completed with a national soccer team anywhere in the globe.

Coinbase has introduced a free tax center that will consolidate users’ taxable activities, including short- and long-term profits and losses, to assist US taxpayers with submitting their future taxes with the Internal Revenue Service (IRS). Customers of Coinbase and Coinbase Pro may now get tax reports for up to 3,000 transactions done on these platforms for free.

As part of enforcing the travel regulation, Bithumb will suspend accepting wallet addresses that have not been properly registered with the exchange. The international Financial Action Task Force advocated this regulation, which compels exchanges to gather transaction data and share it with authorities when it exceeds a particular level.

CBDCs in the news

The Bank for International Settlements (BIS) Innovation Hub said that new initiatives in central bank digital currencies (CBDCs), next-generation payment systems, and decentralized finance would be launched in 2022. (DeFi). CBDCs are responsible for three of the seventeen initiatives that were active in 2021 or would be launched in 2022, according to the report.

DeFi updates

Acala Network (ACA), a DeFi initiative, has gone live on Polkadot (DOT). The announcement of its mainnet debut was made in a tweet, which said that the utility token ACA is “now transferrable, allowing the community to transmit, receive, and participate in on-chain governance.”

Adoption updates

Polymarket, an information markets platform, has redesigned its website with new information markets covering a wide range of sectors, including crypto, NFTs, business, global politics, pop culture, and more. US people may see the information markets on the relaunched site, but they cannot trade since trading is only open to individuals outside the US.

News about your career

YouTube NFTs, MicroStrategy to Keep Buying Bitcoin Thaya Knight, a former US Securities and Exchange Commission (SEC) staffer, has been appointed as Coinbase’s senior public policy manager. Knight has been the SEC’s attorney to Commissioner Elad Roisman since November 2020.

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