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PayPal reportedly bought Curv, Goldman Sachs reinstates Bitcoin, and more news



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Get your daily summary of crypto-asset and blockchain-related news – investigating the stories that pass under the radar of today’s crypto news.

Investment news

  • Pay Pal would be buying a crypto custodian Curv, Coindesk reported, citing three undisclosed sources “familiar with the situation”. Israeli news site Calcalist first reported that Curv is in negotiations with an undisclosed bidder when the deal could be worth $ 200 million – $ 300 million. According to the Coindesk source, who reportedly said that “from where I hear it, I’m pretty sure it’s true,” the deal is valued at $ 500 million. As reported in December of last year, PayPal scrapped plans to acquire the leading US-based crypto custodian, BitGo, because talks collapsed, but PayPal, the company was still exploring other potential acquisitions.
  • Investment banking giant Goldman Sachs has restarted its cryptocurrency trading desk and will start trading bitcoin (BTC) undeliverable futures and forwards for clients from next week, Reuters reported, citing someone familiar with the subject. The team is also part of Goldman’s digital asset business, which includes projects involving blockchain and central bank digital currencies. As part of this work, the bank is also exploring the potential of a Bitcoin exchange-traded fund and issued an information request to explore the custody of digital assets, the report added.
  • Evolve Funds Group mentionned it has filed a preliminary prospectus with Canadian securities regulators for the Ether ETF (ETHR), which is designed to provide investors with exposure to ethereal (ETH).
  • Canada based crypto exchange Simply Digital Technologies Inc. – D / B / A CoinSmart – recently completed a seed funding round of CAD 4.5 million (USD 3.56 million) through the issuance of interest-bearing convertible debentures. According to According to the press release, the company’s plan is to boost the expansion of its platform in Europe and support operational updates.
  • United States-based crypto investment firm BlockTower Capital mentionned it acquired a $ 20 million stake in the Ghost (FTM) the ecosystem through investment. According to the company, Fantom’s core value proposition – “a high-speed, scalable, fast, and inexpensive Layer 1 network that can serve as an Ethereum load balancer.”
  • State Street Corporation said it was appointed as fund administrator and transfer agent of the VanEck Bitcoin Trust, a new Bitcoin exchange-traded fund (ETF) that is currently waiting approval by the US Securities and Exchange Commission (SECOND).

Regulatory news

Tokenization news

  • Malta-based blockchain sports company Chiliz, which is involved in European football, will invest $ 50 million in expansion in the United States, Reuters mentionned, CEO Alexandre Dreyfus. He said his company is now opening an office in the United States as it targets the nation’s top sports franchises, to launch Fan Tokens with top franchises from the top five US sports leagues. Chiliz is also in talks with Formula 1 and e-sports teams, Dreyfus added.

News from the exchanges

  • Binance mentionned it has made an unspecified strategic investment in Capital Multicoin, making the exchange a limited partner in the crypto-focused hedge fund. The other limited partners of the fund include Ribbit Capital, Union Square Ventures, as well as individuals, including Marc Andreessen, founding managing partner of Andreessen Horowitz, and David Sacks, the founder of Craft companies and PayPal’s first COO.
  • Sam Bankman-Fried, CEO of the FTX exchange and its parent company Alameda research, announced that platform users can now use Pay Pal to top up their trading accounts. By According to his tweet, users can get “instant” escrow deposits to their FTX accounts, as well as deposit “more or less” any currency, while PayPal converts it for users.

Mining news

  • The South China Morning Post reported that graphics card prices in Huaqiangbei, the world’s largest electronics market, “change with BTC rates,” adding that price volatility “pushes sellers to demand same-day purchases” of a “declining” supply of units. The outlet quoted an anonymous vendor in the market as saying, “Please keep a close eye on bitcoin prices, then you will be able to know the price trend for graphics cards.” Sellers also said overseas buyers are increasingly reaching out to them online with GPU offers.
  • Bitcoin miner listed Bitfarms mentionned he agreed to acquire 48,000 new miners from MicroBT to increase the chopping capacity by approximately 5.0 EH. The company expects the initial shipment of the miners to take place no later than January 2022.

Blockchain news

  • The crypto-blockchain manga relationship continues to deepen in Japan, with manga publishing giant Shueisha, the force behind Shonen Jump magazine and the hugely popular One Piece series, which launches a blockchain platform. The platform, the company declared, would allow artists to buy and sell original artwork created for One Piece and other blockbuster titles, with all artwork issued with a tamper-proof certificate of authenticity and blockchain-powered. The firm claimed that the certificates “would continue to guarantee the authenticity of a work even after it has left the artist’s hands.”





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