TL; DR
- The provider of crypto asset software and data: Lukka, has appointed former McKinsey partner Ian Hurst as its first European head.
- the actual owner of Bithumb, Jung Jong-hwan was arrested by the southern district court in Seoul , on suspicion of neglect of duty and corruption.
- Zuckerberg’s Metaverse Division Loses $13.72 Billion in 2022.
- JPMorgan’s e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023.
- Canadian crypto mining firm Pow.re has raised $9.2 million in its A-round financing, valued at $150 million.
- Bitfinex transferred $8.5M worth of cryptos to Alameda consolidation address.
- The Hero of the “Big Short” movie, Michael Burry, deleted his Twitter account following a cryptic market prediction ahead of the Federal Open Market Committee (FOMC) meeting.
- The Open Web Information Distribution Protocol RSS3, has announced the integration of Nostr and its application Damus.
- FTX bid deadlines for Japan, and Europe businesses revealed
1. The provider of crypto asset software and data: Lukka, has appointed former McKinsey partner Ian Hurst as its first European head. Hurst will be responsible for expanding Lukka’s business in the European market. Hurst previously served as the global manager of financial services at IBM, where he was in charge of the overall relationship with major global financial service firms. In November of last year, Lukka opened an office in Zug, Switzerland to expand its European operations.
2. According to Yonhap News, the head of the southern district court in Seoul, who is in charge of arrest warrants, has arrested the actual owner of Bithumb, Jung Jong-hwan, on suspicion of neglect of duty and corruption. The head of the court stated that there is a possibility that Jung may flee or destroy evidence. In addition, a representative of an unlisted company believed to be close to Jung, named Zhao, was also taken into custody.
3. Decrypt reports: Zuckerberg’s Metaverse Division Loses $13.72 Billion in 2022 Despite the numbers, Zuckerberg insists that the metaverse is still a top priority.
4. JPMorgan’s e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, 12% of respondents believe blockchain technology will be the most influential for trading performance; 72% of traders surveyed ‘have no plans to trade crypto / digital coins’, with 14% predicting they plan to trade within 5 years.
5. According to CoinDesk, Canadian crypto mining firm Pow.re has raised $9.2 million in its A-round financing, valued at $150 million. Haru Invest led the funding round, with participation from Trinito and RFD Capital. In addition, Pow.re received $18 million in strategic financing from Haru Invest. The funds raised will be used to expand its hydro-powered mining operations in Paraguay, with an expected mining capacity of over 5 PH/s this quarter.
6. According to Peck Shield Alert, $13 million worth of cryptocurrencies have been transferred to the Alameda consolidated tagging address, including 6 million USDT and 1545 ETH from Bitfinex. Bitfinex transferred $8.5M worth of cryptos to Alameda consolidation address.
7. The Hero of the “Big Short” movie, Michael Burry, deleted his Twitter account following a cryptic market prediction ahead of the Federal Open Market Committee (FOMC) meeting. Burry’s tweet, which consisted of a single word, “Sell,” has been shared ahead of an immediate reversal in both cryptocurrency and traditional markets after the Federal Reserve’s announcement of a 0.25% interest rate hike.
8. The Open Web Information Distribution Protocol RSS3, has announced the integration of Nostr and its application Damus. Searching for Nostr addresses on Hoot.it, an eco-product of RSS3, will now display social data for that address. In the future, developers will also be able to read Nostr address data through the RSS3 API.
9. The FTX Group of companies undergoing bankruptcy proceedings extended the preliminary bid deadline for its Japan and Europe affiliates as administrators scramble to raise funds to help pay back creditors. According to the Bloomberg report, the court filing said the new deadline has been set for March 8, while the auction date has been moved to April 26. 41 parties globally had expressed in purchasing FTX Japan, and 40 were for FTX Europe.