ARK Invest’s crypto strategies to offer top 20 crypto assets to wealth managers

Cathie Wood-led ARK Invest has inked a partnership with Eaglebrook Advisors to offer the ARK Cryptocurrency and ARK Cryptoasset strategies available as a separately managed account (SMA) for financial advisors and wealth managers. Since 2015, ARK Invest has been involved in crypto equity and security investments. Through the ARK Exchange Traded Funds (ETF), the investment…

MicroStrategy seeks to hire Bitcoin Lightning Software Engineer

Michael Saylor-led MicroStrategy is looking to expand its Bitcoin Lightning Dev team by hiring a new software engineer. MicroStrategy’s R&D team has been working to develop a suite of Lightning solutions, including Lightning wallet, enterprise servers, and enterprise authentication. According to the job posting, the software engineer will work with the team to build out…

Warner Music partners with OpenSea to give artists access to new Drops feature

Warner Music Group will be partnering with OpenSea to allow artists to engage with their fanbase through NFTs. According to a Sept. 29 announcement, “select WMG artists” would be able to “build and extend their fan communities in web3.” The selected artists will be given access to a new “drops product,” receive increased visibility, as…

Facebook, Instagram open NFT feature to all US-based users

NFT creators and collectors in the US can now connect their wallets to post the digital collectibles they own across Facebook and Instagram. Meta announced on Sept. 29 that the digital collectible feature is open to all US-based users. Other users in 100 countries across Africa, Asia-Pacific, and the Middle East can only access the feature…

Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis

Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year, it accounted for only 2% of global crypto transactions — the lowest in the world. However, the latest Chainalysis report indicates that the region has some…

Sweden’s central bank tests CBDC for retail and international remittance payments

Sweden’s central bank, the Riksbank, along with the central banks of Israel and Norway and the Bank for International Settlements (BIS), is exploring the use of a central bank digital currency (CBDC) for immediate retail and international remittance payments, according to a Sept. 28 release. The collaboration between the central banks and BIS is titled…

Chainlink launches Economics 2.0 staking programs

Decentralized oracle protocol Chainlink has announced the launch of its long-awaited staking reward programs- the SCALE and BUILD. The programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking. Chainlink SCALE Program The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) program is part of…

BIS concludes CBDC pilot with cross-border payments totalling $22M transacted

A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on Sept. 23, according to a LinkedIn post by Bank for International Settlements (BIS) advisor Daniel Eidan. The pilot project, titled mBridge project (also known as Multiple CBDC or mCBDC), facilitated $22 million worth of real-value cross-border transactions between…

Nexo acquires stake in Summit National Bank to expand US offering

Nexo, a digital asset lending platform, announced that it has acquired a stake in Summit National Bank. The company now owns an unspecified stake in Hulett Bancorp, the holding company that owns the federally chartered bank. Nexo called the acquisition an “industry-changing transaction,” as it will expand Nexo’s footprint in the U.S. and enhance its…