Get your daily bite-sized summary of cryptoasset and blockchain news by researching the stories that go unnoticed in today’s crypto news.
TIME magazine’s non-fungible token (NFT) collection, called “TIMEPieces” and offering unlimited access to the website until 2023, has sold all of its 4,676 pieces within minutes of launch, increasing transaction fees from Ethereum (ETH). Meanwhile, Paradigm researcher Anish Agnihotri claims that bots may have been at play.
Online streaming platform Netflix has announced a documentary about Gerald Cotten, who is said to have passed away, and who was the CEO of the now-defunct Canadian cryptocurrency exchange, QuadrigaCX, which cost the exchange his private keys worth more than 250 million dollars. crypto. The documentary is titled “Trust No One: The Hunt For The Crypto King” and will be released in 2022. Legal news
Egor Petukhovsky, the founder of over-the-counter (OTC) crypto desk Suex, said he is willing to go to court to protect his name after the US Treasury’s Office of Asset Control (OFAC). Designated Suex as a money laundering vehicle. . He wrote that neither he nor any company affiliated with him have been involved in illegal activities and that he intends to “firmly defend [his his] name from him in litigation.”
The Kentucky Division of Securities has issued an emergency cease-and-desist order against the Celsius Network (CEL) for its “Accrued Interest Accounts,” according to a document. The regulator alleges that Celsius’s interest-bearing accounts violate state securities law and do not disclose to clients what happens to their deposits, while clients are not protected by state securities protections.
Canadian securities managers have published a new guide for crypto exchanges on the use of social media, as well as advertising and marketing. The guide covers the types of language used by exchanges, cautions against certain formats, and has a particular focus on so-called “playstyle promotions.”
Bank of England Deputy Governor Sam Woods said he would approve global rules if necessary to prevent British banks from accumulating large exposures to crypto assets that are not backed by sufficient capital, according to Reuters. He added that there is “an investor appetite” in both institutional and retail investors, but that “they are going to need to make sure that the capital treatment is quite solid.”
Financial platform Gluwa and consumer credit app Aella have announced that they have seen more than one million transactions on the blockchain since their integration in June. They have added that these figures also show a growing prevalence of the use of stablecoins in Africa.
Crypto mining company HIVE Blockchain Technologies has revealed that its revenue from digital currency mining was $ 66.7 million in fiscal 2020, an increase of 174% from the previous year. They said they achieved record results and continued to increase their mining capacities throughout the year.