RABIT Weekly news (W4 Jan 2022)

RABIT -
  • Mirae Asset Korea to launch a new corporation dedicated to the virtual asset trust business
  • Shinhan Financial Group Korea invests 5 billion won ($4.18 million) in Block Odyssey, a blockchain and NFT technology company, through SI funds
  • Round Robin launches Korea’s first bond-type NFT product ‘Farming NFT’
  • LG CNS joins Bithumb to help launch NFT martketplace in early 2022
  • Singapore shuts down Bitcoin ATMs after crackdown on advertising cryptocurrency to the public.
  • Spain first in Europe to ban ads for cryptocurrency
  • North Korea stole nearly $400M in cryptocurrency over at least 7 hacks last year
    • Main tactic was collection of personal information
  • Benefits of CBDC released in Fed study
    • CBDC can help maintain dollar’s roll as key currency
    • Enables swift and cost-effective tax payments
    • Improves global remittances and alleviates inequality
  • SEC
    • delays decision on NYDIG Bitcoin ETF to March
    • SEC to announce direct regulations against cryptocurrency platforms within a couple months
    • Stricter regulations are essential for cryptocurrency investors to be protected + just like investors in assets such as stocks
  • Crypto.com estimates 4.6 million ETH (about $15 million) losses as some accounts appear to have been hacked
  • Intel is developing on-demand semiconductors for mining, to be introduced at ISSCC 2022
  • Bitcoin down by -40%, but MicroStrategy CEO Michael Saylor will “never sell, acquiring and holding is our strategy”
  • Social media group Meta readying a feature to allow users to display their NFT’s on their Facebook or Instagram profile

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