Solana’s Serum Raises USD 100M, Coinsuper vs. Crypto Traders, Euro Inflation Surprise + More News

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Get your daily, bite-sized summary of cryptoasset and blockchain news by researching the stories that go unnoticed in today’s crypto news.


Investment news

  • The Ecosystem incentive foundation, a community-led foundation that supports the development of serum (SRM), announced that it has raised $ 100 million to support the growth, development and innovation of the Serum ecosystem. The Serum ecosystem fund, powered by Solana (SOL), is dedicated to supporting a multitude of projects that leverage Serum’s liquidity infrastructure and decentralized exchange capabilities.

Exchange news

  • Clients of the Hong Kong-based crypto exchange Coinsuper They say they cannot withdraw money or tokens from the bag, and at least seven have reported the matter to police, according to Bloomberg. While “dozens of clients” were unable to withdraw their funds since late November, five of them told Bloomberg News they had filed police reports after withdrawals were apparently frozen, leaving them unable to recover approximately $ 55,000 in tokens and cash. .

Economic news

  • Eurozone inflation unexpectedly hit 5% last month, a record for the 19-nation currency bloc and an awkward reading on the European central bank, which has consistently underestimated price pressures, Reuters reported. Furthermore, the European Commission’s economic sentiment indicator, a key indicator of the bloc’s economic health, fell more dramatically than expected in December to a level last seen in May.

NFT News

  • Game retailer GameStop Corporation (GME) hired more than 20 people to operate its newly minted non-fungible token (NFT) unit, The Wall Street Journal reported. The division will enable the purchase, sale and marketing of gaming NFTs, along with the establishment of key crypto partnerships, with the market launching later this year.
  • Dapper Laboratories became the first NFT company to federally register to lobby the US government, according to a public disclosure. The company has hired Crossroads strategies as his lobbying firm adding that he will push for “policies related to NFT, blockchain and financial services.”
  • American rapper and songwriter Nas is sale Partial rights via NFT to two of his songs via Real, an investment platform that allows anyone to own a piece of their favorite music to earn royalties together with the artist. The first sale begins on January 11, where users can invest in Nas’s music by purchasing LDAs, or “limited digital assets,” backed by streaming royalty rights.

Mining news

  • Mining Bitcoin (BTC) with difficulty, or the measure of how difficult it is to compete for mining rewards, is expected to take another step to break its previous record. For, it is currently estimated that the difficulty will increase by 0.78% in less than a day, and although the increase itself is not particularly high on its own, it is presented as a third consecutive and would raise the difficulty to 24.46 T. While Therefore, the historical maximum stands at 25.05 T, registered last May.
  • Argo Blockchain announced that it mined BTC 214 during December 2021, compared to BTC 185 in November 2021, bringing the total amount of bitcoin mined in 2021 to BTC 2,045. Based on daily exchange rates and crypto prices for the month, mining revenue in December amounted to GBP 7.82 million (about $ 10.55 million).

Career news

  • The New York State Department of Financial Services (NYDFS) hired Peter Marton as deputy superintendent of virtual currency, according to a post by Marton on LinkedIn. The position is in its research and innovation division and has a special focus on virtual and digital currencies, blockchain, distributed ledger technology, and other related innovative and derivative products and technologies.
  • Crypto financial service provider Swiss bitcoin hired Dirk Klee, the CEO of Barclays Plcin the UK Investment and Wealth Management business, as its new Chief Executive Officer. He will succeed Arthur Vayloyan, who will remain a member of the Bitcoin Suisse board of directors, on April 1.

Adoption news

  • Global non-profit organization The Mozilla Foundation set Cryptocurrency donations on hold following a community backlash sparked by scathing criticism from co-founder Jamie Zawinski. Mozilla said it would continue to explore decentralized web technology, but will only resume crypto donations if it fits its climate goals.

Legal news

  • The United States National Stock Market Commission (SEC) has indicted Craig Sproule of Australia, along with two crypto companies he founded: Crowd Machine Inc. Y Metavine Inc. – with fraudulent investors, having used more than USD 5.8 million to invest in gold mining entities in South Africa, which was not disclosed to investors.

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