Sotheby’s Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Law + More News

Cryptopunks. Source: Twitter/@ChristiesInc

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

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NFT news

  • auction house Sotheby’s took of a collection of 104 CryptoPunks The NFTs are expected to be sold for up to $30 million as the seller decided not to sell them. The lot, which Sotheby’s titled “Punk It!”, was the first acquired by collector “0x650d” in July 2021 via a single $7 million transaction.
  • NFT Platform One of announcement the launch of its “Sports Pass” collection, a series of unique 3D-rendered NFTs designed by the animation studio 8th frame which grants holders exclusive benefits in OneOf’s new sports-themed NFT Marketplace. In addition to professional sports partnerships, OneOf says it has a slew of college team sponsorships underway.

Regulatory News

  • Canadian Prime Minister Justin Trudeau has said the government can revoke the Emergencies Act now that the crisis in Ottawa and at Canada’s border crossings has subsided, according to the Financial Post. He added that “law enforcement stands ready to deal with anyone engaging in illegal or dangerous activities.”
  • China has announced that it has expanded its crackdown on the crypto industry and announced powers to jail those found guilty of raising funds through token sales. The nation’s highest court has changed its interpretation of the nation’s criminal law to make it illegal to raise money from the public through “virtual currency,” according to a statement. The amendment comes into force on March 1.

Banking News

  • Crypto brokerage SFOX is in talks with major banks and market makers, including Jeanne Street to open a marketplace that facilitates trading in bitcoin (BTC) derivatives, Bloomberg reported, citing company co-founder George Melika. The idea is to use non-deliverable futures (NDFs) to empower banks to expose customers to BTC on a larger scale through a contract, at an agreed price, that settles in cash. .

Legal news

  • A class action lawsuit has been filed against certain celebrities, YouTubers and social influencers for their alleged participation in a pump and dump scheme related to SafeMoon tokens. According to the lawsuit, SafeMoon and its affiliates imitated Ponzi schemes by tricking investors into buying the tokens under the guise of unrealistic profits.

Trade news

  • Digital Asset Platform Nexo (NEXO) Enters into Strategic Partnership with Financial Technology and Digital Asset Trading Provider Filling blocks, to create a syndicated loan opportunity for their users. Through this collaboration, it will facilitate syndicated loans by connecting Blockfills’ client base and trading flow from its electronic trading platform, Phoenixto Nexo’s financial tools for digital assets.
  • BC Groupthe owner of the crypto exchange OSLpartners with digital stock exchange archax and investment and trading platform InvestaX to launch the International Security Token Offering Alliance (ISTOA), an international consortium. Consortium members have also formed a working group to determine technical and regulatory best practices for issuing, listing, trading and settling blockchain-based digital securities, they added.

DeFi News

  • Lending platform Celsius (CEL) is launch a crypto lending business in the institutional capital market Maple financing. Leveraging Maple’s DeFi infrastructure, Celsius is entering institutional DeFi as a pool delegate, lending from a $30 million pool of shrouded ethereum (ETH), they said.
  • DeFi Protocol BonDollar announced the availability of its GoodDollar app for Android, which claims to provide crypto Universal Basic Income (UBI) to hundreds of thousands of members around the world. To date, GoodDollar claims to have distributed over $50,000 of its native G$ tokens.

Investment News

  • Large financial, software, data and media company Bloomberg and global fintech Elwood Technologies today announced a strategic integration allowing investments from clients using Elwood’s crypto trading platform to flow directly into Bloomberg AIM, a buy-side order management system (OMS). The integration combines Elwood’s institutional crypto-asset trading capabilities with Bloomberg’s data, analytics and workflow tools, and is expected to be complete and available to joint Elwood and Bloomberg customers. AIM in the second quarter of 2022.
  • NFT platform Ucollex said it closed a $10 million Series A funding round led by Animoca brands and MCP Asset Management. The increase will allow the project to invest heavily in blockchain technology and establish metaverse boundaries, they added.
  • Cross chain bridge Ren Labs announcement a $7.5 million increase to expand functionality with an automatic cross-chain market maker (AMM). The funds will be used to advance the development of Catalog, a new AMM and the first app to be built on the upcoming Ren blockchain, they added.
  • CoinSharesa European digital asset investment firm, today announced that its physical-backed exchange-traded product (ETP) Polkadot (DOT) has been listed on the Swiss market SIX Swiss Stock Exchange.

Career news

  • Crypto exchange FTX hiring fashion and beauty entrepreneur Lauren Remington Platt to lead global luxury partnerships. The exchange said Platt would establish partnerships targeting luxury brands and encouraging them to “integrate into cryptocurrency” with FTX’s head of environmental and social initiatives, Gisele Bündchen.

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