Five Star Bank Switches to Bitcoin, Picasso NFTs, Binance Unlocks SEPA+ Deposits More News

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Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

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Adoption News

  • US-based community bank Five star bank announcement a partnership with the Bitcoin Company (BTC) NYDIG. This will allow bank customers to buy, sell and hold bitcoins, powered by NYDIG.
  • If securities company Valerium succeeds in acquiring a majority stake in Gibraltar Stock Exchange (GSX), the exchange will operate like a regular exchange, with the only exception that trades can be paid for in crypto rather than fiat, Wired reportedquoting Valereum executive director Patrick Lyle Young.

NFT news

  • Pablo Picasso’s heirs are selling 1,010 digital artworks of one of his ceramic works, which has never been seen publicly, according to at AP News. auction house Sotheby’s is hosting an auction in March that will include a unique non-fungible token (NFT) as well as the actual ceramic bowl.
  • American rapper and record producer Kanye West argues he should be paid for the photos paparazzi take of him through the use of NFT, he Recount a cameraman who filmed him at Miami International Airport. He said he thought it was unfair that he had no royalty rights to paparazzi photos and wanted to change that.

Trade news

  • Binance is set to restore payments from the European Union’s Single Euro Payments Area (SEPA), Bloomberg reported. Payments through the network will resume “within the next few hours,” the outlet said.
  • Gemini Galactic Marketsaffiliate Gemini trust company, noted He received approval from Financial Sector Regulatory Authority (FINRA) to operate a broker registered with the US Securities and Exchange Commission and is officially a member of FINRA. With this approval, Gemini Galactic is able to operate an alternative trading system, which will facilitate the trading of digital asset securities, they added.
  • Coinbase the stock was deemed “particularly unattractive” at the time by Dan Dolev, senior fintech analyst at the investment bank Mizuho Titlesdue to renewed signs of a “crypto desert”, through Bloomberg.

Portfolio news

  • A hacker helped New York entrepreneur and crypto enthusiast Dan Reich recover over $2 million while sitting in a Trezor One hardware wallet, through The edge. However, Satoshi Labsthe wallet creator, fixed the security issue found in Reich’s device some time ago, and all new devices come with a fixed bootloader.

Investment News

  • Adam Dell, former product manager for Marcus of Goldman Sachsa brand of the banking giant, spear a crypto investment app called Estate Money, raising $33 million from investors. The app is aimed at retail users, who will be charged a 1% annual management fee for actively managed and organized investment plans.
  • Justin Muzinich, US Treasury Assistant secretary under the Donald Trump administration, owns a minority stake in the fund manager Road capital managementwhich raises outside funds to invest in blockchain assets and platforms as well as crypto-assets and other digital financial instruments, through Bloomberg.
  • Web Game Project 3 BreederDAO raised a Series A of 10 MUSD, co-led by Andreessen Horowitz (a16z) and Digital Delphi. BreederDAO will use the funds to expand its asset generation program, they added.

Regulatory News

  • florida Financial Regulatory Office (CFO) Posted a warning regarding decentralized finance (DeFi) based businesses, stating that it is important that customers do their due diligence and understand what DeFi is in order to avoid being scammed.
  • Crypto-assets could be regulated “soon” in the Republic of Srpska, the smaller of Bosnia and Herzegovina’s two entities, according to to local news source Klix. While it is unclear whether the bill would be crypto-friendly, the local finance minister said he is looking at how other countries in the region have addressed these issues.

Career news

  • old american Commodity Futures Trading Commission (CFTC) President J. Christopher Giancarlo joined digital assetand will advise the smart-contract-focused financial services software provider on a range of blockchain-related issues.
  • The New York Financial Services Department (NYDFS) confirmed Adrienne Harris, former federal civil servant and professor, to lead the Wall Street regulator. Harris has served as acting superintendent of NYDFS since her appointment in August 2021.
  • Ryan Wyatt, Head of Games at Youtube, announcement he would leave the video sharing platform in February to join the gaming and NFT platform Polygon studios as CEO. He cited his passion for blockchain and Web 3 development while explaining his resignation.
  • Chris Lehane, a top Airbnb executive and former official of the Clinton administration, Recount Axios Pro Fintech Deals that he plans to join the management team of an undisclosed crypto venture capital fund next month. According to Lehane, it’s a Silicon Valley-based global fund that focuses on early-stage and growth-stage startups across all layers of Web 3.

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