COIN BUREAU NEWSFLASH! – (28/09/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (28/09/22)
Here are some of today’s most important headlines:
Christie’s Goes Fully On-Chain with New Ethereum NFT Marketplace
Luxury auction house Christie’s makes history by becoming the first global auction house to host fully on-chain sales, through the launch of its own dedicated NFT “on-chain auction platform” titled “Christie’s 3.0.”
Christie’s has built the platform in collaboration with smart-contract startup Manifold and partnered with blockchain analytics firm Chainalysis and metaverse platform Spatial to create additional functionality for the marketplace. The platform will also provide users with tools for compliance and tax purposes.
https://decrypt.co/110659/christies-goes-fully-on-chain-with-new-ethereum-nft-marketplace
Celsius and FTX US Executives Step Down from Leadership Roles
Yesterday, Alex Mashinsky and Brett Harrison, executives of two of the biggest crypto companies, stepped down from their leadership positions.
Mashinsky, the CEO of crypto lender Celsius Network was the first to announce his resignation. He called his leadership an “increasing distraction” for the company and apologised to customers for the “difficult financial circumstances” the company’s bankruptcy had left them in.
Brett Harrison, the President of FTX US, announced he was stepping down from his position and moving into an advisory role. He will reportedly be replaced by Zach Dexter, head of FTX US Derivatives.
https://www.bloomberg.com/news/articles/2022-09-27/celsius-mashinsky-ftx-us-harrison-departures-jolt-crypto-industry
Nexo Acquires Minority Stake in US Chartered Bank
Crypto lending platform Nexo has reportedly acquired a minority stake in Summit National Bank- a financial institution regulated by the Office of the Comptroller of the Currency (OCC). The deal was reported to be “two years in the making” and was executed by acquiring a stake in Hulett Bancorp, a holding company that owns the federally chartered Summit National Bank.
According to reports, Nexo expects the deal to expand its presence in the U.S. by enabling the firm to offer bank accounts, lending and card services to both retail and institutional clients, along with access to Nexo's crypto services.
Tatiana Metodieva, Nexo's head of corporate finance and investments, stated,
"Nexo is looking to reach new clients and expand its addressable market in the U.S. through new fintech capabilities such as the ones we have the potential to develop with Summit National Bank. We will be unveiling more of our future plans for Nexo’s US expansion in the months to come."
https://cointelegraph.com/news/nexo-acquires-stake-in-us-chartered-bank
MPCH Labs Raises $40M in Series A Funding Round for New Crypto Security Product
Multi-party computation (MPC) developer MPCH Labs has reportedly raised $40 million in a Series A funding round. The funding round was led by Liberty Ventures and saw participation from QCP Capital, Global Coin Research, Polygon Studios, Quantstamp, LedgerPrime, Animoca and others.
The funds will reportedly be used to further develop MPCH Labs’ first product, Fraction, an operating platform that enables institutions to securely safeguard their digital assets by utilising MPCH Labs’ MPC6 engine. The MPC6 engine will create a “user-centric toolkit” and will allow multiple parties to compute in the same wallet without compromising their data.
https://www.theblock.co/post/172841/mpch-labs-raises-40-million-series-a-emerges-from-stealth
Robinhood Releases Beta Version of Web3 Wallet to 10,000 Users
Crypto and stock trading platform Robinhood has announced the release of the beta version of its Web3 wallet titled simply “Robinhood Wallet.” The Polygon-based wallet will now be available to the first 10,000 users who signed up for the testing period in May.
Johann Kerbrat, chief technology officer of Robinhood Crypto, stated,
“Like we did with the stock market, Robinhood Wallet strips away some of the complexities of web3 and DeFi to make crypto more accessible to everyone.”
