Big cleanup between exchanges with Kraken which dismisses and Binance who buys; Animoca wants 2Bn for the metaverse; Timex takes out his watch Bored monkey; TradeLens beaten and sunk… Back to cryptography news of the week.
The shock wave triggered by the bankruptcy of FTX continues to spread. In particular, it is generating a consolidation movement among the cryptocurrency exchange community. BinanceBinance, which had given up on investing in FTX, did not hesitate to pull out its wallet. The CZ-based company has acquired Sakura Exchange BitCoin, a regulated cryptocurrency exchange platform in Japan.
For Binance, this means a back to Japanfrom which it had previously exited due to its refusal to accept regulation. For its part, V Ventures should buy the Asian exchange Zipmex. Coinbase Coinbase hires executives from rivals Crypto.com and Bittrex to bolster its business Europe. Huobi has announced a strategic partnership with Poloniex. As for Krakenwhich held out this summer, reduced its workforce by 30%.
Animoca wants money for the game’s metaverse.
Cryptofinance is going through a liquidity crisis, not a solvency crisis, as Coinhouse explains to its clients. In the gametensions appear to be much lower. This is suggested by the ambitions shown by Animoca Brand. The unicorn is intended to launch a $2 billion fund . to invest in companies specializing in the metaverse.
The fund, called Animoca Capital, is expected to make its first investments starting next year. The company has the confidence of investors, like other players, preserved from the bear market. Animoca Brands has already participated in multiple transactions in 2022. The publisher has also acquired several game studios, including Darewise, Eden Games and Monkey Games.
Maersk and IBM’s TradeLens blockchain hit and sink.
The Private or consortium blockchainsare having difficulty staying afloat. And for IBMAfter us.commerce, this is a new blow and a major setback. Big Blue, a historic supporter of private blockchain, has suffered major defeats. With TradeLens, the interest of private blockchain in the shipping industry and its supply chain is in question.
While IBM was silent, its partner Maersk officially acknowledged a failure. The company commented that “the need for full global industrial collaboration has not been realized.” As a result, ” TradeLens has not reached the level of commercial viability necessary to continue to operate and meet financial expectations as an independent company.” The company is scheduled to go dry in the first quarter of 2023.
A Timex watch and its NFT twin in BAYC edition.
The jeweler Tiffany led the way with CryptoPunks pendants. Price: 30 ETH all the same. In cryptocurrency news this week, U.S. watchmaker Timex proposes to the holders of Boring monkey y Mutant ape to reserve a special watch for 2 ETH.
The watchmaker has signed a partnership with Yuga Labs for its Web3 debut. Timex launches in December 500 unique watches To customize with codes from the Bored Ape Yacht Club universe. “With 30,000 possible monkeys and more than 17 customizable attributes, each watch is unique and personalized with the owner’s monkey and certain customizations such as choice of case, strap and engraving.”
CEX is dead, long live CEX
In 2022, centralized platforms face many storms. They are widely criticized for taking liberties in managing their clients’ assets. In the wake of FTX’s bankruptcy, CEXs are forced to show their credentials. Their response: the reserve test. Binance has disclosed its reserve and the exchange has indicated that its audit will be conducted by Mazars.
Is this the end of the era for centralized stock exchangeswhich were to be replaced by the DEX ? This is not the opinion of JPMorgan. According to the bank, most of the trading volume will remain in the CEX for the time being.
French touch for the oven and staking.
Cryptowinter complicates fundraising. However, this does not mean that such deals are unfeasible. Several important transactions were completed in November. For example, Keyrocka Belgian market maker specializing in cryptocurrencies, has collected 72 million dollars. Video game publisher convinced of the advantages of blockchain and Web3 technologies, Phoenix Games grossed 150 million.
And France, whose president set the goal of 100 unicorns by 2030It’s doing well, too. It’s the startup Oven which stands out with a €17 million Series A. Founded in 2018 in Paris, the young company focuses on the. stake. His ambition: to participate in the institutionalization of this market.
Sam Bankman-Fried touring the United States.
After such a failure, Sam Bankman-FriedWouldn’t the former FTX chief be better off keeping quiet rather than speaking before large audiences? Instead, the SBF seems to have chosen the hypermediatization solution.. This option is a media and legal strategy in view of the probable lawsuits that await him.
On November 30, at the DealBook summit organized by the The New York TimesThe SBF came to answer questions from a live reporter. The former billionaire confirmed his line of defense. He readily admits blunders y bad decisions. On the other hand, he denies any wrongdoing. He swore that he had not “committed any infraction”. never attempted to commit fraude “. However, it is more complicated than SBF to guarantee its sincerity ofThe Commission is committed to ensuring that the answers to these questions are truthful.
Also not to be missed:
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