US Sullivan Bank Partners with Bakkt to allow BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News

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Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news. 

Banking news

  • US-based Sullivan Bank has partnered using the digital asset platform Bakkt to allow exchanging of bitcoin (BTC) and ethereum (ETH) because of its customers, based on an announcement.
  • Siam Commercial Bank, referred to as earliest bank in Thailand, has scrapped an agenda to get the local crypto exchange Bitkub Online, citing unresolved regulatory issues, a statement in the bank stated.

DeFi news

  • An offer by two former executives at Uniswap Labs, the event firm behind the decentralized exchange Uniswap (UNI), to create the Uniswap Foundation has passed a election through the Uniswap community. The Uniswap Foundation aims to “support the decentralized growth and sustainability from the Uniswap Protocol and it is supporting ecosystem and community,” per the proposal.
  • Cronos ID on Thursday launched its identity and communication protocol on Cronos, a blockchain built on Cosmos (ATOM), a comment stated.
  • Web3 identity and domain platform Decentraweb has announced the launch of DecentraDNS, something that allows permissionless acquisition of top-level domains (TLDs), in addition to minting and selling of subdomains as NFTs on Ethereum.

Legal news

  • Greater than 30 employees in the bankrupt crypto loan provider Voyager will receive a USD 1.six million bonus payment following a New You are able to personal bankruptcy court the 2009 week approved a request from the organization to award key staff people, Law360 reported.

Tax news

  • Japan’s Financial Services Agency (FSA) and Secretary of state for Economy, Trade, and Industry (METI) will review taxation rules for crypto companies from 2023, per local news outlet Yomiuri.
  • The crypto tax calculator Koinly will to any extent further offer the ERC-1155 standard for non-fungible tokens (NFTs) and thus-known as semi-fungible token (SFT) transactions, per a comment. SFTs are mainly utilized in blockchain-based games and therefore are a kind of token that functions like fungible tokens until they are utilised.

Regulation news

  • The main crypto platform announced on Tuesday it’s passed something Organization Control (SOC) 2 Type II Compliance audit. The audit was conducted by auditing and talking to firm Deloitte, authored within the announcement.
  • Crypto isn’t advantageous for India along with other emerging economies, the Reserve Bank asia Governor Shaktikanta Das has stated within an interview. “Countries like India are differently placed from advanced economies when there’s a chat of dollarization of economy […] It’s not a great factor for the economy to occur. […] Since all cryptos are denominated within the hard currencies generally [the] dollar, [they] won’t work in support of countries like India. It might work in support of the advanced economies,” Das stated, per the economical Occasions.

Investment news

  • LiquidX, a Web3 investment capital studio for that metaverse, has had a 70% stake to have an undisclosed amount in Anime Metaverse, a publishing and licensing company centered on building anime, manga, and dorama in Web3, based on a comment.
  • Koop, a protocol powering community-governed systems, today announced its public launch. Per an announcement, it leverages NFT collector passes to finance projects, gain possession, and generate wealth together, with USD 850m in membership volume two several weeks in beta. Additionally, it announced USD 5m in funding from lead investors 1confirmation and Variant Fund, with participation from Palm Tree CrewThe First Day VenturesEthereal VenturesDeFi AllianceVolt CapitalPearVCDCF God0xmons, Cooper Turley, Balaji Srinivasan, and Liu Jiang.
  • Web3 Developer Platform thirdweb has elevated USD 24m inside a Series A funding round, getting its valuation to USD 160m. The round was brought by Haun Ventures, with participation from Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, Frederick Lacob, yet others, per a comment.

Sport news

  • French Web3 game maker UNAGI has created a partnership with British football clubs Birmingham and Sheffield which will begin to see the clubs join UNAGI’s next-generation fantasy football game, Ultimate Champions, per a comment.

Career news

  • Mike Trabucco has announced that he’s walking lower from his role as Co-Chief executive officer of crypto buying and selling and equity firm Alameda Research, parents company from the FTX crypto exchange. Co-Chief executive officer Caroline Ellison will rather dominate as Alameda’s sole Chief executive officer, Trabucco stated inside a tweet.

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