{"id":15785,"date":"2022-05-04T18:17:56","date_gmt":"2022-05-04T18:17:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15785"},"modified":"2022-05-04T18:17:56","modified_gmt":"2022-05-04T18:17:56","slug":"another-banking-giant-enters-bitcoin-ethereum-suspicious-smaller-cryptos-coinbase-ends-brazilian-ma-talks-more-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15785","title":{"rendered":"Another Banking Giant Enters Bitcoin &amp; Ethereum, Suspicious &#8216;Smaller Cryptos,&#8217; Coinbase Ends Brazilian M&amp;A Talks + More News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<figure class=\"image\"><img decoding=\"async\" src=\"https:\/\/v2.cimg.co\/news\/77869\/189149\/adobestock-451014908-editorial.jpg\" alt=\"\" srcset=\"https:\/\/v2.cimg.co\/news\/77869\/189149\/responsive-images\/adobestock-451014908-editorial___media_library_original_1195_797.jpg 1195w, https:\/\/v2.cimg.co\/news\/77869\/189149\/responsive-images\/adobestock-451014908-editorial___media_library_original_900_600.jpg 900w, https:\/\/v2.cimg.co\/news\/77869\/189149\/responsive-images\/adobestock-451014908-editorial___media_library_original_720_480.jpg 720w, https:\/\/v2.cimg.co\/news\/77869\/189149\/responsive-images\/adobestock-451014908-editorial___media_library_original_600_400.jpg 600w, https:\/\/v2.cimg.co\/news\/77869\/189149\/responsive-images\/adobestock-451014908-editorial___media_library_original_300_200.jpg 300w\" width=\"1195\" class=\"content-img\" \/><figcaption>Source: Adobe\/Taljat<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/i><\/p>\n<p>__________<\/p>\n<h2>Adoption news<\/h2>\n<ul>\n<li>Liechtenstein-headquarted <strong>LGT Bank<\/strong>, which is said to be the largest family-owned private banking and asset management group in the world, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.lgt.com\/en\/news\/lgt-now-offering-direct-investments-in-cryptocurrencies\/#button2\">announced<\/a> a partnership with digital assets banking platform <strong>SEBA Bank<\/strong> to launch custody and trading services for <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/coins\/bitcoin\/\">bitcoin (BTC)<\/a> and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/coins\/ethereum\/\">ethereum (ETH)<\/a>. \u201cDigital asset investment services will be fully integrated with traditional assets\u201d within the bank, they said.<\/li>\n<\/ul>\n<h2>Regulation news<\/h2>\n<ul>\n<li><strong>MONEYVAL<\/strong>, the Council of Europe\u2019s anti-money laundering and counter-terrorist financing body, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/search.coe.int\/directorate_of_communications\/Pages\/result_details.aspx?ObjectId=0900001680a64ae9\">stated<\/a> in its annual report that governments need to step up their efforts and coordination to combat money laundering and terrorist financing by adopting stricter regulation and supervision of the virtual assets sector. They added that they suspect some of the smaller cryptos exist with the express purpose of money laundering, while larger assets are seeing heavy market manipulation. The body said it will be producing a 2022 typologies study, dedicated solely to cryptoasset money laundering trends.<\/li>\n<li>US <strong>Securities and Exchange Commission <\/strong>(SEC) member Hester Peirce <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/twitter.com\/HesterPeirce\/status\/1521552802119663616\">voiced<\/a> her opposition to the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/news\/sec-nearly-doubles-its-crypto-cyber-unit-the-other-side-of-goldmans-bitcoin-backed-loan-more-news.htm\">addition<\/a> of 20 new jobs on the regulatory agency\u2019s crypto enforcement squad. She stated that the SEC is \u201ca regulatory agency with an enforcement division, not an enforcement agency\u201d and asked, \u201cWhy are we leading with enforcement in crypto?\u201d<\/li>\n<\/ul>\n<h2>Exchanges news<\/h2>\n<ul>\n<li><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/ext\/coinbase\/\"><strong>Coinbase<\/strong><\/a> and Brazilian crypto brokerage <strong>2TM Participacoes SA<\/strong> scrapped talks over a possible acquisition of the brokerage by the platform, Bloomberg <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-03\/coinbase-is-said-to-end-m-a-talks-with-brazilian-crypto-firm-2tm?srnd=crypto-technology\">reported<\/a>, citing undisclosed people familiar with the matter. The negotiations, which had financial giant <strong>JPMorgan Chase &amp; Co.<\/strong> as their advisor, could have resulted in a controlling acquisition or a minority stake sale, per the report.<\/li>\n<\/ul>\n<h2>NFTs news<\/h2>\n<ul>\n<li><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/ext\/crypto-com\/\"><strong>Crypto.com<\/strong><\/a> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/crypto.com\/company-news\/crypto-com-to-create-first-of-its-kind-nft-collection-generated-by-the-speed-and-sound-of-the-formula-1-crypto-com-miami-grand-prix\">announced<\/a> that it will create a collection of NFTs generated in real-time by the speed, sound, and data of the <strong>Formula 1<\/strong> Crypto.com Miami Grand Prix, capturing each of the 57 race laps.<\/li>\n<\/ul>\n<h2>Investments news<\/h2>\n<ul>\n<li>Ryan Watkins, a former analyst at crypto research firm <strong>Messari<\/strong>, and Daniel Cheung, who worked at investment advisor <strong>Jennison Associates LLC<\/strong>, have formed <strong>Pangea Fund Management<\/strong>, a hedge fund that will focus on a \u201clong-only\u201d strategy after receiving USD 85m in funding, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/crypto-wunderkinds-secure-85-million-to-start-own-hedge-fund\">according<\/a> to Bloomberg. Their strategy is focused on taking long positions in three to seven established tokens, they explained.<\/li>\n<li>Digital asset investment manager <strong>Valkyrie Investments<\/strong> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.prnewswire.com\/news-releases\/valkyrie-investments-announces-launch-of-the-valkyrie-avalanche-trust-301539687.html\">announced<\/a> the launch of its latest investment trust called the Valkyrie Avalanche Trust (VAVAX), which invests solely in <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/coins\/avax-avalanche\/\">avalanche (AVAX)<\/a>.<\/li>\n<li>Provider of digital asset data <strong>Amberdata <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.prnewswire.com\/news-releases\/amberdata-raises-30m-series-b-301535676.html\">announced <\/a>that it has raised USD 30m in Series B funding led by <strong>Knollwood Investment Advisory<\/strong>, with participation from Coinbase, <strong>Nexo<\/strong>, <strong>Nasdaq Ventures<\/strong>, alongside other investors. This financing will fund product innovation and expand go-to-market in the US and internationally to address the accelerating institutional adoption of digital assets, they said.<\/li>\n<\/ul>\n<h2>Metaverse news<\/h2>\n<ul>\n<li>Dubai\u2019s <strong>Virtual Assets Regulatory Authority<\/strong> (VARA) <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wam.ae\/en\/details\/1395303044162\">announced<\/a> its entry into the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/tags\/metaverse\/\">metaverse<\/a> with the establishment of its Metaverse HQ in the virtual world of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/tags\/sandbox\">The Sandbox<\/a> (<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/coins\/beachcoin\/\">SAND<\/a>). The watchdog said it is the first regulator in the world to make its debut in the metaverse.<\/li>\n<li><strong>Stokely-Van Camp<\/strong>, the beverage company with the original rights to market and produce <strong>Gatorade<\/strong>, could be exploring releasing virtual sports drinks in the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/tags\/metaverse\/\">metaverse<\/a>, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/twitter.com\/JoshGerben\/status\/1521487352429957121\">according<\/a> to records submitted to the <strong>United States Patent and Trademark Office<\/strong> (USPTO). The two applications are for the word &#8216;Gatorade&#8217; and the sports drink\u2019s &#8216;G&#8217;-shaped orange, black, and white logo to be used in connection with \u201cvirtual beverage products\u201d and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/tags\/non-fungible-tokens\">NFTs<\/a>.<\/li>\n<\/ul>\n<h2>Taxes news<\/h2>\n<ul>\n<li>Indians earning interest on their crypto from platforms outside <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/tags\/india\/\">India <\/a>have come under taxman\u2019s scrutiny, the Economic Times <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/technology\/decentralised-finance-under-taxmans-lens-government-set-to-levy-additional-taxes\/articleshow\/91269226.cms\">reported<\/a>, citing two people familiar with the matter. The tax department is looking to implement additional tax deducted at source (TDS) and equalization levy on such transactions and interest income generated by Indians, it added.<\/li>\n<\/ul>\n<h2>Mining news<\/h2>\n<ul>\n<li><strong>Riot Blockchain<\/strong> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.riotblockchain.com\/news-media\/press-releases\/detail\/128\/riot-blockchain-announces-april-2022-production-and\">announced<\/a> that it mined BTC 508 (USD 19.74m) in April 2022, an increase of approximately 150% compared to the April 2021 production of BTC 203. Additionally, the company sold BTC 250, generating net proceeds of approximately USD 10m, they added.<\/li>\n<li><strong>Argo Blockchain<\/strong> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/ARB\/additional-equipment-financing-from-nydig\/15436132\">announced<\/a> that their wholly-owned subsidiary <strong>Argo Helios LLC<\/strong> has entered into additional loans under Argo&#8217;s equipment financing agreement with bitcoin company <strong>NYDIG<\/strong> to secure up to USD 70.6m to recapitalize the purchase of digital asset mining equipment for the company&#8217;s flagship crypto mining facility, <strong>Helios<\/strong>, in Texas, USA.<\/li>\n<\/ul>\n<h2>Career news<\/h2>\n<ul>\n<li>The <strong>Centre<\/strong> consortium, which serves as a network governing and standard-setting body for blockchain-based financial services, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.businesswire.com\/news\/home\/20220503005459\/en\/Centre-Appoints-Rebecca-Cohen-as-General-Counsel\">named<\/a> Rebecca R. Cohen as its new General Counsel. Cohen previously served as General Counsel for the public safety platform <strong>Mark43 <\/strong>and Associate General Counsel for digital currency protocol <strong>Worldcoin<\/strong>.<\/li>\n<li>Crypto exchange <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/cryptonews.com\/ext\/bitfinex\/\"><strong>Bitfinex<\/strong><\/a> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/mondovisione.com\/media-and-resources\/news\/bitfinex-appoints-giles-dixon-as-head-of-licensing\/\">announced<\/a> it has appointed Giles Dixon as Head of Licensing. Dixon previously served as a Senior Manager at the audit, tax, and advisory services firm <strong>Grant Thornton LLP <\/strong>in Toronto, Canada.<\/li>\n<\/ul><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptonews.com\/news\/another-banking-giant-enters-bitcoin-ethereum-suspicious-smaller-cryptos-coinbase-ends-brazilian-ma-talks-more-news.htm\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe\/Taljat \u00a0 Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news. __________ Adoption news Liechtenstein-headquarted LGT Bank, which is said to be the largest family-owned private banking and asset management group in the world, announced a partnership with digital assets banking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[2671,50,4297,315,880,1674,1180,158,127,111,671,7826,1841],"class_list":["post-15785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-banking","tag-bitcoin","tag-brazilian","tag-coinbase","tag-cryptos","tag-ends","tag-enters","tag-ethereum","tag-giant","tag-news","tag-smaller","tag-suspicious","tag-talks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/adobestock-451014908-editorial.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15785"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15785\/revisions"}],"predecessor-version":[{"id":15787,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15785\/revisions\/15787"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15786"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15785"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}