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NFTs News
The TIME Magazine Non-Fungible Token (NFT) collection, known as “TIMEPieces” and offering unrestricted access to the site by 2023, has sold all 4,676 pieces within minutes of launch and increased Ethereum (ETH) transaction fees. Meanwhile, Anish Agnihotri, a researcher at Paradigm, claims that bots may have been in the game.
Entertainment News
The online streaming platform Netflix has announced a documentary about Gerald Cotten, who is said to have passed away and was the CEO of the now-defunct Canadian cryptocurrency exchange QuadrigaCX, which cost the exchange of their private keys for crypto worth more than USD 250m. The documentary is titled “Trust No One: The Hunt for the Crypto King” and will premiere in 2022.
Legal News
Egor Petukhovsky, the founder of the over-the-counter (OTC) crypto desk Suex, said he was ready to go to court to protect his name after the U.S. Treasury Department’s Office of Assets Control (OFAC) called Suex a money laundering vehicle. He wrote that neither he nor any company affiliated with him were ever involved in illegal activities, and that he intends to “defend his name resolutely in litigation.”
The Kentucky Division of Securities has issued an emergency ordinance to omit the Celsius Network (CEL) because of its “earn interest accounts,” according to a filing. The regulator claims that clients’ interest-bearing accounts violate state securities law and do not tell clients what is happening to their deposits, while clients are not protected by state securities protection.
Regulatory news
Canadian securities administrators have released a new guide for crypto exchanges on how to use social media, as well as advertising and marketing. The guide covers the types of languages used by exchanges, warns against certain formats and, in particular, is aimed at so-called “gambling actions”.”
Bank of England Deputy Governor Sam Woods said he would introduce global rules if necessary to avoid UK banks building large exposures to cryptoassets that are not backed by sufficient capital, according to Reuters. He added that there is “an appetite for investors” among both institutional and retail investors, but that they “need to ensure that capital treatment is fairly robust.”
Adoption News
Financial platform Gluwa and consumer credit app Aella have announced that they have brought over a million transactions to the blockchain since its integration in June. They added that these figures also show a growing prevalence of using stablecoin in Africa.
Mining News
Crypto mining company HIVE Blockchain Technologies has announced that its income from mining digital currencies was USD in fiscal year 2020, an increase of 174% over the previous year. They said they had achieved record results and continued to increase their mining capacity throughout the year.