The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry.
Nifty News: Hyundai partners with Meta Kongz, Activision surveys on NFTs, and more
Hyundai also gave cryptic clues to a possible Metaverse in line with its earlier concept for robots to bridge the real and virtual worlds to enhance mobility.
Portuguese regulator grants first crypto license to a bank
Bison Bank will offer its digital asset services to high net worth individuals, becoming the first banking institution in the country authorized to do so.
North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions
Former Ethereum developer Virgil Griffith has been sentenced to 63 months in prison and a $100,000 fine for violating sanctions on North Korea.
Leading centralized exchanges extend market share in 2022
The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022.
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be in the green.
Uniswap launches venture capital wing for Web3 investments
The firm says it has already invested in 11 companies and Web3 protocols such as Aave, MakerDAO, LayerZero, and others, with plans to participate in the governance systems of some projects.
Nifty News: AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens and more
AC Milan says the proceeds from the NFT collection will fund the projects undertaken by Fondazione Milan, the clubs’ charity arm.
South Africa finishes technical PoC for wholesale CBDC settlement system
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.
Webtoon platform Kakao Piccoma buys 50% of Japan’s Sakura Exchange
It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last year.
Nifty News: UK Royal Mint NFT, $960k Billionaire Dog rug and Pudgy Penguins
The Royal Mint NFT featured in a series of announcements aimed at making the UK a global crypto hub, with officials saying the NFT is “an emblem” of the approach the UK “is determined to take”.
Crypto venture capital firms see surging assets under management
Filings reveal the massive amount of assets that crypto venture funds are managing, Andreessen Horowitz’s (a16z) crypto funds were also disclosed to be worth around $9 billion.
More than three-quarters of central banks considering a CBDC: research
The report by PwC shows that 80% of central banks are considering or have already launched a CBDC.
Aussie convenience store giant to accept crypto at 170 outlets
On The Run (OTR) will work with Crypto.com to implement its Pay Merchant product, with a Sydney payment systems provider rolling out new terminals to allow consumers to pay with crypto.
Binance wins dismissal of class action over 2018 tokens that tanked
The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the U.S. and that the case was filed “too late”.
Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht’s new collection… and more
OpenSea shared a 16-second video on Twitter to announce the integration, with many popular Solana collections announcing their intention to list on the marketplace.
Greenpeace, Ripple co-founder campaigning to change Bitcoin code
Chris Larsen, co-founder of Ripple also joined in on the call, saying Bitcoin is the “outlier” now that Ethereum’s model is set to change.
Institutional crypto funds see largest capital inflows for 3 months
The data from CoinShares shows a weekly inflow of $193 million, with more than half of that figure going to Bitcoin alone. Solana is also getting attention and broke a record in the process.
Grayscale gears up for legal battle with SEC over Bitcoin ETF
“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship Bitcoin trust.
Nifty News: David Beckham’s DigitalBits, CoinSpot’s NFT marketplace, and more
Crypto companies continue to ramp-up marketing efforts with sports stars, with Beckham the latest to partner with blockchain provider, DigitalBits.