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In this article, we will discuss:
Investment News
- The main cryptoasset manager Grayscale said that NYSE Ark filed Form 19b-4 on US Securities and Exchange Commission (SEC) to convert the Bitcoin trust em shades of gray in an exchange traded fund (ETF) of spot bitcoin (BTC). The fund is considered the largest BTC investment vehicle in the world, holding approximately 3,44% of all outstanding BTC, by gray scale.
- The investment management company Invesco abandoned its quest for a bitcoin ETF backed by immediate near-term futures of a deal with to Bloomberg. However, they added that they will continue to work with the Galaxy Digital in offering different products with exposure to the BTC, “including the search for a digital asset ETF with physical support”.
- The Venture Capital Investment Company Variant Fund , Founded by Andreessen Horowitz (a16z), Jesse Walden, announced the closing of a new $110 million fund. Variant is launching this new fund aimed at the “property economics”. Another A16z veteran, Li Jin from Atelier Ventures , is joining as a partner investor.
- Brian Cho and Jason Yeh, two veterans of the gaming giant Riot Games, launched a new company called Patron e raised $90 million to their Patron Fund I, to invest in what they call the 'Spectrum of Play'. “We are proud to debut Patron. An early-stage venture capital company that invests in the convergence of gaming, consumer and Web 3", tweeted Cho . Patrono I, created in four months entirely via Zoom , is supported by "a prolific list" of investors, founders and builders, they said.
- A Blockchain Moon Acquisition Corp (BMAC) has received green light of Securities and Exchange Commission (SEC) from United States to list $100 million worth of shares in an initial public offering (IPO). The price of its 10 million-unit IPO at $10 per share is set for listing on Tuesday, October 19, through the Nasdaq Global Market under the symbol 'BMAQU', from agreement with a previous filing with the SEC.
- Chainalysis , the data platform blockchain based in the United States, said it is expanding its partnership with NYDIG , a Bitcoin financial services and technology company, to execute a purchase of bitcoin for the company's balance sheet. The company did not provide further details about this investment.
- The British Digital Bank Revolut reduced rates for US customers on a range of products. It now allows them to trade up to $200.000 worth of encryption each month without charging commission fees on the trades, Fortune reported. Previously, standard Revolut users could trade $200 per month before incurring fees. Customers will also be able to make 10 international remittance payments per month to anyone in 30 countries, as well as withdraw up to $1.200 at off-net ATMs each month without incurring fees.
- The Blockchain Privacy Preservation Layer Blanket Network announced a $5,5 million funding round led by coinfund e Parafi Capital . The company will first turn its focus to winning a parachain auction in Polkadot ( DOT ) and then launch its first product, MantaPay, which allows private transactions for all parachain assets.
policy news
- O US Department of the Treasury has stated in a report that cryptocurrencies could undermine the effectiveness of US sanctions. "These technologies offer evil actors opportunities to hold and transfer funds outside the traditional dollar-based financial system," the report said. He added that they could be used by adversaries "to build new financial and payment systems designed to diminish the global role of the dollar."
CBDC News
- The e-cedi central bank digital currency (CBDC), which the Bank of Ghana should test, is looking to facilitate transactions without the need for power or connectivity, Bloomberg reported. They are looking to employ smart cards that would allow people without Internet access or even electricity to use CBDC in their daily lives.
exchange news
- Binance announced the completion of its 17th quarterly binance currency (BNB) token burning of BNB 1.335.888 ($639 million). Each quarter, Binance commits to burning the BNB until 50% of the total BNB supply (approximately BNB 100m) is taken out of circulation.
adoption news
- The Mortgage Bank , a state-owned bank in El Salvador, announced the opportunity for developers from around the world to participate in a so-called Bitcoin Bankathon, running for 3 weeks from November 19th to December 5th. It will involve developers to build banking solutions that will allow Banco Hipotecario to offer bitcoin banking and financial services to all Salvadorans. Two weeks of the event will be held virtually, while the third will be in El Salvador.
NFT News
- O Binance NFT Marketplace has announced the release of “The AP Unique Moments” non-fungible symbol (NFT collection), starting on October 19th and lasting until October 26th. Associated Press 's most important news over the last 100 years.
Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
