THIS NEWSLETTER IS SPONSORED BY |  |  | The story behind a massive bitcoin mining heist in China | Quick Takes - To outsiders, the recent arrest of a former Chinese official for "supporting" a local crypto mining business may appear to be a direct outcome of China's ongoing crackdown on crypto mining.
- But the backstory actually stretches back more than three years, and what he is accused of doing is far more than just supporting a crypto mining business.
| Former Chinese government and Communist Party official Xiao Yi has recently been arrested, stripped of his titles and handed over to prosecutors for the alleged crime of corruption and abuse of power — for "supporting" a local crypto mining business.
To outsiders, the arrest may appear to be a direct outcome of China's ongoing crackdown on crypto mining. But the story actually stretches back more than three years, and Xiao is accused of doing far more than just supporting a crypto mining business.
Some have even speculated that it's possible that it was the magnitude of Xiao's involvement in hiding a massive and rather blatant crypto mining embezzlement scheme that led to China's crackdown on the mining sector to begin with. | | |  | MoonPay has quietly set up a concierge service to help celebrities buy NFTs | The company has been working with television host Jimmy Fallon and Post Malone, the rapper, as clients for a beta version of the service. Both men have recently touted items they've acquired from the Bored Ape Yacht Club collection, which currently cost a minimum of 43.9 ether (or $186,000) a piece. | Adidas Originals announces partnership with Coinbase | Adidas Originals did not respond to a request for more information about the partnership. However, the brand showed interest in the metaverse in a tweet two days prior to the partnership announcement, suggesting, "adiVerse, anyone?" | Axie Infinity plot of virtual land sells for record $2.4 million | The plot is part of the "Genesis" land type, which Axie Infinity describes as "extremely rare." Genesis land is located in the center of the Axie Infinity map and is capped at 220 plots. The seller of the plot goes by "ArcaChemist," and the buyer goes by "Lunacian #789512." | | | THIS NEWSLETTER IS BROUGHT TO YOU BY |  | The traditional technology you are using is not built for crypto assets.
Lukka is the leading provider of middle and back-office software and data to companies that work with crypto and digital assets.
Lukka solves the very unique complexities of crypto (and blockchain) data for businesses so that they can adopt digital assets into their businesses.
Lukka has built custom solutions for managing crypto assets because the software that's currently used for traditional assets cannot handle the complexities of data from the crypto ecosystem for normal financial processes like book valuation, financial reporting, and audits.
All of Lukka's products are built to institutional standards.
Lukka provides the world's most trusted and accurate data and software solutions. Our institutional-grade products are built within an AICPA SOC 1 Type II and SOC 2 Type II infrastructure and raise the standards through hands-on experience serving the most complex businesses in crypto.
Lukka's customers are the largest, most complex crypto asset businesses in the world, major financial institutions and financial services providers, and CPA and tax practitioners. Lukka's partners include State Street, S&P, IHS Markit, and AICPAs subsidiary CPA.com. Lukka can help your company.
Lukka can help your company find the right product to simplify your company's crypto middle and back-office needs. Learn more about how Lukka can help your company navigate the complex challenges of crypto and blockchain at Lukka.tech | | | The craze of liquidity mining initiated in 2020's "DeFi summer" kickstarted the endless opportunities in DeFi, which continued to attract liquidity throughout 2021. The net value locked in DeFi protocols skyrocketed from $16.11 billion to $100.37 billion this year, with the majority of crypto assets allocated to lending protocols and DEXes. | | | The Role of Bitcoin in the Modern Portfolio — Brought to you by iTrust Capital | 12:00PM (ET) / 9:00AM (PT) | Join The Block's Research Lead George Calle for a look at the evolving role of bitcoin within the modern investment portfolio.
Featuring:
Nate Conrad, Global Head of Asset Management, NYDIG
Noelle Acheson, Head of Market Insights, Genesis
Chris Kuiper, Director of Research, Fidelity Digital Assets
Anthony Bertolino, VP of Growth, iTrust Capital | | | Escaping the Earth Dec 14 with a New Play-to-Earn dMMO | Developed by SUPERNOVAE, the team which pioneered the NFT gaming back in early 2018 with their city-builder strategy MegaCryptoPolis, the new decentralized MMO game Farsite offers players a new playable world to leverage their collateral NFTs. | | | You are receiving this e-mail because you are subscribed to The Block's free newsletter. If someone shared this newsletter with you, you can easily subscribe to receive it in your inbox here. If you're looking for even more content, we have a separate newsletter for The Block Research, which you can sign-up for here. | | | | |
No comments:
Post a Comment