- The value of OpenSea may exceed the value of Gemini
The valuation of the non-fungible token (NFT) marketplace OpenSea may soon surpass the value of cryptocurrency exchange and industry employee Gemini. New investment deals could increase OpenSea’s valuation sixfold to $ 10 billion – or even more, reports The Information, citing “two people with first-hand information on the case.”
- Jay-Z’s producer goes all out on NFTs
The manufacturer Timbaland (Jay-Z, Justin Timberlake, Missy Elliott) announced a partnership with the owners of Bored Ape Yacht Club through his new production company Ape-In Productions which is to release a song by another group of virtual monkeys called TheZoo. The company will create music and animation around user-owned Bored Ape Yacht Club NFT avatars. Timbaland also released a recent EP as a series of NFT collectibles, where each element of the song (drum parts, bass lines, vocals) is an NFT that fans can mix and match to create their own remixes. Read here.
- Americans and cryptocurrencies
According to one recent study16% of American adults say they have “ever invested in, traded in or used cryptocurrency,” according to a new study from Pew Research Center. The vast majority of American adults have at least heard a bit about cryptocurrencies like Bitcoin or Ether.
- Macy’s NFT Thanksgiving Parade
Macy’s department store will launch a parade-themed set of 9,500 non-fungible tokens (NFTs) on November 25, Thanksgiving Day, and plans to donate 10% of the profits to charities, including the fund. Make-A-Wish, the company announced Friday. NFTs will be sold in the NFT Sweet market, built on the Polygon blockchain. Read here.
- Will the dollar remain the dominant currency?
The Deputy Secretary of the Treasury Department, Wally Adeyemo, said the dollar will continue to be the dominant currency in the world despite growing interest in cryptocurrencies. “Digital assets can be used by those who want to illegally move money around the system in ways that do not touch the dollar and that we can not see so easily.” Read here.
- More benefits on Coinhouse’s Crypto Passbook
The yield of the “Crypto booklet” of Coin house increased from 5 to 6.5 per cent. This rate is guaranteed for 3 months. You must deposit dollar stablecoin USD USD (coming soon) $ USDC) from a deposit of $ 50,000 (the threshold is to be lowered soon). Source: Coinhouse.
- $ 4 million to the Blockchain Association
The Blockchain Association, one of the largest lobby groups in the crypto industry, has raised $ 4 million in new funding. Both Kraken and Digital Currency Group (the parent company of CoinDesk) contributed $ 1 million. The funding will enable the Blockchain Association to continue work on several important policy issues, including amending the tax provision of the Infrastructure Act, following up on the approach of the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, on securities legislation and policy development on stack coins and the fight against money laundering. Read here.
- $ 3.5 billion seized in cryptocurrencies
Criminal Investigation Unit (CI) and US IRS, Internal Revenue Service (IRS) seized $ 3.5 billion in cryptocurrency in fiscal year 2021, accounting for 93% of its seizures of the criminal investigation, according to the agency’s annual criminal investigation report released Thursday. Seizures included $ 1 billion in crypto linked to the darknet market The Silk Road. It is the largest crypto seizure ever by the US government. The US Internal Revenue Service (IRS) said it expects to seize billions of dollars in cryptocurrency next year. Bloomberg quotes Jim LeeChief of Criminal Investigations for the IRS, who said:
- In poker on the CoinPoker gaming platform
- To a global fantasy football on the Sorare platform
“I expect the trend of cryptocurrency seizures to continue as we move forward into fiscal year 2022. We see crypto implicated in a number of our crimes as we move forward.”
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