{"id":8665,"date":"2022-02-22T20:03:24","date_gmt":"2022-02-22T20:03:24","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/laundering-nfts-circling-crypto-ads-cardano-gets-extra-space-euro-inflation-heats-up-more-news\/"},"modified":"2022-02-22T20:03:25","modified_gmt":"2022-02-22T20:03:25","slug":"laundering-nfts-circling-crypto-ads-cardano-gets-extra-space-euro-inflation-heats-up-more-news","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/laundering-nfts-circling-crypto-ads-cardano-gets-extra-space-euro-inflation-heats-up-more-news\/","title":{"rendered":"Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News"},"content":{"rendered":"<div>\n<figure class=\"image\"><figcaption>Source: Adobe\/cineberg<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/i><\/p>\n<p>__________<\/p>\n<h2>NFTs news<\/h2>\n<ul>\n<li>Analytics company <strong>Chainalysis <\/strong>said it<strong> <\/strong>detected wash trading and some money laundering in the non-fungible tokens (NFTs)\u00a0asset class. They found that 110 profitable wash traders have made nearly USD 8.9m in profit, while the value sent to NFT marketplaces from illicit addresses reached USD 1.4m in Q4 2022.<\/li>\n<li>The <strong>Coachella Valley Music &amp; Arts Festival<\/strong>, set to return this April after a two-year hiatus, announced a series of NFTs offering on-site perks and VIP access to the event in partnership with crypto exchange FTX.<\/li>\n<li>68-year-old magazine <strong>Sports Illustrated<\/strong> announced an alliance with NFT startup <strong>OneOf <\/strong>to launch a sports NFT series on Polygon (MATIC), with an initial lineup of nine sports icons including Muhammad Ali, Wayne Gretzky, and Mia Hamm. The NFTs will offer reimagined versions of classic magazine cover photos for each of its initial partnered athletes, all designed by artist Jonathan Winbush.<\/li>\n<\/ul>\n<h2>Adoption news<\/h2>\n<ul>\n<li>Global internet finance firm <strong>Circle <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jerallaire\/status\/1488863139252760579\">announced<\/a> it is running full-page ads in print and homepage takeover ads in several major news outlets, including The Wall Street Journal, Financial Times, and Washington Post, in order to make the case for &#8220;How the US Can Win the Digital Currency Space Race&#8221;? They claim that the \u201cfree market alternative\u201d to a central bank digital currency (CBDC) would be using the Circle-issued stablecoin USD coin (USDC).<\/li>\n<li>Peer-to-peer platform <strong>Paxful <\/strong>announced the launch of a new education and training center in El Salvador providing free learning opportunities around Bitcoin (BTC) to build financial inclusion called \u201cLa Casa del Bitcoin\u201d. The center aims to drive the next wave of bitcoin mass adoption and equip growing segments, such as small merchants and local businesses, with tools to connect to a global community of users.<\/li>\n<li>Crypto donations to privacy-focused non-profit <strong>The Tor Project<\/strong> surged 841% in 2021 compared to the previous year \u2013 of the USD 940,000 raised, 58% of the donations were in crypto. For comparison, in 2020, donors sent USD 58,000 in crypto.<\/li>\n<\/ul>\n<h2>Blockchain news<\/h2>\n<ul>\n<li>Cardano (ADA) will improve its network capacity and performance by increasing its block size by 11% on February 4, according to Charles Hoskinson-led <strong>Input Output <\/strong>(IOHK), the developer of the 6th largest blockchain platform by market capitalization. The block size will increase from 72KB to 80KB, they <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/InputOutputHK\/status\/1488608404381786113\">said<\/a>. Per the company, this planned update will also allow Cardano-powered decentralized apps (dapps) to have a smoother experience.<\/li>\n<\/ul>\n<h2>Economics<\/h2>\n<ul>\n<li>Eurozone inflation unexpectedly accelerated to an annual record of 5.1% compared to last January, up from 5% in December, per Bloomberg. The median estimate in a Bloomberg poll of 44 economists saw a reading of 4.4% and none predicted inflation gaining pace.<\/li>\n<\/ul>\n<h2>Regulation news<\/h2>\n<ul>\n<li>South African <strong>Financial Sector Conduct Authority<\/strong> (FSCA) warned the public to be cautious when dealing with crypto exchange <strong>FTX<\/strong>, as the platform may be offering derivatives trading to South African residents, where they are not licensed to do so. They added that the watchdog has unsuccessfully attempted to contact the exchange.<\/li>\n<\/ul>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/SBF_FTX\/status\/1488886463811014659\"><\/oembed><\/figure>\n<ul>\n<li>Botswana\u2019s lawmakers passed a bill to regulate trading in cryptoassets as part of efforts to tighten anti-money laundering measures, Finance Minister Peggy Serame said, per Bloomberg.<\/li>\n<\/ul>\n<h2>Investments news<\/h2>\n<ul>\n<li>Enterprise software maker <strong>MicroStrategy <\/strong>posted a fourth-quarter loss after taking a USD 146.6m impairment charge to write down the value of its BTC holdings, per Bloomberg. The net loss was USD 90m, or USD 8.43 per share on a diluted basis.<\/li>\n<li>Blockchain data analytics firm <strong>Dune Analytics <\/strong>raised USD 69.42m in a Series B round led by <strong>Coatue<\/strong>. The funds should be used to educate, reward, and empower a new generation of Web 3 data analysts whom they call Dune Wizards.<\/li>\n<li>The US <strong>Securities and Exchange Commission<\/strong> (SEC) asked asset manager <strong>Bitwise <\/strong>how it intends to prevent share manipulation, fraud, and other potential issues in its proposed spot bitcoin exchange-traded fund (ETF). The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust&#8217;s liquidity and transparency and requested more color on the \u201csuitability\u201d of bitcoin as the underlying asset for the fund.<\/li>\n<li><strong>Reddit<\/strong> co-founder-led venture capital firm <strong>776 Management<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/alexisohanian\/status\/1488496693549142019\">plans<\/a> to focus on crypto in the coming year, having raised USD 500m across two new funds. The newly launched Funds II include an early stage-focused USD 300m vehicle and a USD 200m fund that will invest in Series A and B funding rounds.<\/li>\n<li>Banking-as-a-Service platform <strong>Fiat Republic <\/strong>announced it has secured USD 3.5m in seed funding from technology investors <strong>Speedinvest<\/strong>, <strong>Seedcamp, <\/strong>and <strong>Credo<\/strong>. The startup is looking to reduce the time and cost of processing fiat currencies for crypto platforms, both at the individual consumer and corporate treasury levels.<\/li>\n<\/ul>\n<h2>\u00a0<\/h2>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe\/cineberg \u00a0 Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news. __________ NFTs news Analytics company Chainalysis said it detected wash trading and some money laundering in the non-fungible tokens (NFTs)\u00a0asset class. They found that 110 profitable wash traders have made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-8665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/laundering-nfts-circling-crypto-ads-cardano-gets-extra-space-euro-inflation-heats-up-more-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Source: Adobe\/cineberg \u00a0 Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news. __________ NFTs news Analytics company Chainalysis said it detected wash trading and some money laundering in the non-fungible tokens (NFTs)\u00a0asset class. 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