Kripteu Magazine brings its readers the Weekly Digest from April 18-24. The Weekly Digest aims to cover all the critical events that have taken place in the last seven days in the world of cryptocurrencies and companies that exploit blockchain technology.
A deeper dive
Binance Head of Eastern Europe and Russia Operations Gleb Kostarev met Rosfinmonitoring or Rosfinthe Federal Financial Supervision Service of the Russian Federation, in April 2021, in which the latter asked the former to provide customer data.
Binance reportedly refused to provide the data, but messages between Kostarev and a business associate showed that the regional manager had agreed to provide the data required by Rosfin.
Polygon launched a new dedicated blockchain network called Supernets, which offers several advantages over Polygon Edge. Supernets will be dedicated and secured by Polygon’s native token, MATIC. The supernets will be interconnected and connected to Ethereum to enable easy data transfer.
Polygon plans to commit $100 million to projects that use supernets. It will also assign Edge Certified Partners for those who don’t want to get too technical.
The band is added support for payments in USDC stablecoin, and content creators on Twitter will be the first to have access to it. The company will accept USDC through the Polygon blockchain through Stripe Connect. However, content creators will first need to complete KYC to access this feature.
CertiK, a blockchain security company, raised $60 million following a new funding round led by SoftBank Vision Fund II and Tiger Global as demand for security in the blockchain industry continues to rise. In nine months, the company raised a colossal sum of $290 million.
Fidelity Metaverse ETF (FMET) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) started trading on April 21allowing investors to invest in Web 3.0 companies “building the future state of the Internet”.
Ronit Ghosh, global head of banking, fintech and digital assets for Citi Global Insights, said in his recent interview that he believes Dubai is the new must-visit destination for crypto enthusiasts and has also proven to be a haven for crypto-based businesses and exchanges. He thinks the leaders follow “a pro-future or pro-technology agenda”.
Binance CEO Changpeng Zhao, who goes by the name “CZ”, has confirmed that the the exchange managed to recover $8.5 million value of funds related to the Ronin Bridge achievement. The funds were distributed among 86 accounts.
According to Mergermarket, a mergers and acquisitions research firm, Coinbase, the largest stock exchange in the United States, plans to acquire BtcTurk, as part of its expansion plan in Turkey. The deal is rumored to be worth around $3.2 billion, setting a new record for the exchange.
The United States imposed new sanctions on more than 40 individuals and entities in Russia, and for the first time, this includes a Russian crypto-miner, BitRiver. The sanctions extend to a Russian commercial bank, a virtual currency mining company called BitRiver and Russian oligarchs.
Australian Transaction Reports and Analysis Center (AUSTRAC), published two new financial crime guides aimed at helping entities identify potential illicit activities. These guides will help entities know if their customers are using crypto for illicit purposes.
The German banking giant, Commerzbank, has confirmed that it has applied for a crypto broker license in early 2022 and is the first major bank to do so. While 25 such requests are already pending with BaFin, Germany is seeing an increase in demand for the use of crypto.
Binance.FRthe US arm of the world’s largest cryptocurrency exchange, has left the Blockchain Association and plans to form his own government affairs team in Washington.
Coinbase has officially launched its beta version of Coinbase NFT, which will be accessible through the official website. Also, for now, the NFT market only supports Ethereum-based NFTs, but more chains will be added soon.
The Office of the Commissioner of Financial Institutions of Puerto Rico has has granted a money transfer license to Binance.USwhich aims to provide “secure, reliable, and inexpensive access to a robust selection of tokens” in the territory.
CoinDCX has raised $135 million after a Series D funding round co-directed by Steadview and Pantera. The Indian exchange is now valued at $2.15 billion and has raised a total of $235 million through various funding rounds.
Blockchain.com plans initial public offering and is already interviewing banks for the IPO. Plans for the IPO sometimes lie this year, but goals may be delayed.
Binance has entered into a joint venture with Gulf Energy Development, owned by billionaire Sarath Ratanavadi. The exchange aims to expand operations in Thailand with this partnership.
Michael Sonnenshein, CEO of cryptocurrency asset management giant Grayscale Investments LLC, believes that the company’s request to convert the GBTC fund into a Bitcoin spot ETF soon to be SEC approved.
Irish authorities plan to ban parties nationwide from accepting crypto donations citing foreign cyber interference in Irish elections as the reason for the decision.