NFL vs. NFT, Crypto Investment Flows + More News

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NFL vs. NFT, Crypto Investment Flows + More News

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Get your daily, bite-sized digest of cryptoasset and blockchain-related quality – investigating the stories flying nether the radar of today’s crypto news.
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NFTs news

  • The US National Football League (NFL) has told teams that they cannot merchantability sponsorships to crypto trading firms, for the clip being, The Athletic reported. Teams besides cannot merchantability non-fungible tokens (NFTs) arsenic the league develops a strategy for sports integer trading cards and art.
  • Crypto speech FTX has launched a minting level for NFTs connected its US version, the exchange’s laminitis and CEO Sam Bankman-Fried tweeted, adding that the NFTs volition beryllium cross-chain connected Solana (SOL) and Ethereum (ETH).

Investments news

  • Digital plus concern products saw inflows totaling USD 98m past week, per CoinShares. Inflows were seen crossed each integer assets though altcoins, connected an assets nether absorption weighted basis, stay the favourite amongst investors, they said, adding that altcoin marketplace stock is present a grounds 35% of concern products.
     
MTD – month-to-date; YTD – year-to-date; AUM – assets nether management. Source: CoinShares
  • OP Crypto Capital Management Ltd, a caller crypto task superior steadfast backed by Huobi Ventures, Galaxy Digital’s Vision Hill FoF Platform, Digital Currency Group, Mirana Ventures (Bybit), and The Brooker Group, announced its launch. “The steadfast volition absorption connected bridging the spread betwixt [Centralized finance], DeFi and the Metaverse done investing successful projects looking to signifier the aboriginal of firm governance and transportation powerfulness from centralized entities successful the Web 2.0 satellite to contented creators/users successful the upcoming Web 3.0 world,” the institution said.
  • Korean concern institution KB Asset Management has launched a blockchain-focused communal concern money called the “KB Global Digital Chain Economy” fund, according to The Korea Times. The money volition beryllium focusing connected 3 concern areas: companies that nutrient blockchain-related hardware, those that supply blockchain-based services to customers, and those that actively usage blockchain successful their existent concern model.

Exchanges news

  • Binance has announced it has removed each trading pairs with the Singaporean Dollar (SGD) successful an effort to stay compliant with section regulations. They person besides removed their trading app from Google and iOS play stores successful the area, and unopen down each online communications channels successful Singapore.
  • Australian slope Volt has partnered with crypto speech BTC Markets to supply integrated banking capabilities to the exchange, according to Reuters. The woody volition supply BTCM, which has astir 325,000 Australian customers, entree to a firm currency absorption relationship with real-time notifications and outgo automation, the companies said.
  • The South Korean crypto speech Gopax has announced the improvement of a caller “cryptocurrency monitoring and marketplace alert system” to supply wellness checks connected the idiosyncratic tokens it lists. Per EBN, the strategy volition let the speech to supply wellness checks successful six categories, namely: compliance, improvement continuity, improvement progress, idiosyncratic extortion protocols, imaginable ethical “hazards” and fiscal stability. The timing of the improvement is somewhat unusual, with astir of South Korean exchanges – Gopax included – presently racing against clip successful a bid to summation operating permits from the regulatory authorities and debar closure.
  • Indeed, the South Korean regulatory Financial Services Commission (FSC) has moved to code this precise contented with the instauration of caller guidelines and protocols for exchanges that volition adjacent oregon suspend their concern operations connected September 24, the deadline for exertion submissions. Per EDaily, the FSC has told trading platforms to “prepare idiosyncratic enactment procedures” and pass customers that they volition beryllium winding up their services nary little than 7 days successful advance. The FSC added that platforms should let their customers to retreat fiat and tokens for a minimum of 30 days aft closure and noted that “customers indispensable beryllium notified of concern closures and transaction suspensions by September 17.”
  • Spain’s Bit2Me speech has begun its Latin American expansion, with a absorption connected Colombia, Uruguay, Panama, Costa Rica, and Ecuador, El Español reported. The institution claimed that Latin America was “undoubtedly 1 of the areas with the top enlargement and adoption imaginable successful the world,” and an enforcement claimed that banks were grooming unit successful crypto-related matters “behind closed doors.”
  • Bitfinex Securities Ltd. said it has launched its regulated concern exchange, Bitfinex Securities, successful the Astana International Financial Centre (AIFC), Kazakhstan.
     

Regulation news

  • Chair of the UK Financial Conduct Authority (FCA) Charles Randell said successful a code to the Cambridge International Symposium connected Economic Crime that crypto firms issuing integer tokens request to beryllium brought “firmly wrong our reach.” He besides suggested, however, that greater regulatory oversight mightiness beryllium harmful, creating a “halo effect,” whereby unrealistic expectations are raised astir user protection.

Defi news

  • Decentralized concern (DeFi) task COVER and its smaller lending sibling RULER are shutting down aft the improvement squad that serviced them some abandoned the projects, their assemblage manager announced, without elaborating. The remaining treasury funds volition beryllium evenly dispersed to token holders, per the post.

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