Discover the top news in crypto for the week!
This week, Sygnum Bank raised a $90 million Series B. Meanwhile, more experts and analysts are predicting crypto’s growth for 2022 while more companies launch blockchain-based initiatives. Find out the top 5 crypto news of this week.
Sygnum Bank Series B raises USD 90m, accelerating expansion of Web 3 offerings & into new global markets
Sygnum Bank raised $90 million in a Series B round led by Hong Kong-based Sun Hung Kai & Co. Limited, becoming an $800 million company. Sygnum registered an incredible growth in 2021, showing a tenfold increase in consolidated gross revenue, helping roughly 1,000 institutional clients to navigate crypto markets. The Series B round will fund the development of more Web 3 solutions for institutional clients and expand co-creation and international distribution. Read more
Samsung invests in blockchain reforestation, promises two million trees planted by April
Samsung is embracing tokenization and blockchain technology with several measures. The TV lineup for 2022 of the South Korea brand will feature NFT support, including an on-screen NFT marketplace, becoming the first line of TVs enabling the ability to browse, purchase, and display digital art. Samsung is also tackling climate change with a new sustainability project, planting two million trees with the help of a tracking system based on blockchain technology. Read more
Bitcoin launched 13 years ago today—here are eight milestones from the past year
This week marked the 13th anniversary of the first block minted in the Bitcoin network, after the Bitcoin whitepaper launched in October 2008. In 13 years, Bitcoin became legal tender in El Salvador, crossed $1 trillion in market capitalisation, and was embraced by financial institutions worldwide. Bitcoin came a long way from novel technology to a cultural phenomenon, changing investment for many generations and opening the door for decentralised financial freedom. Read more
Sam Bankman-Fried says a tidal wave of institutions could jump into crypto in 2022 if they get clear regulations
Could more regulation mean more institutional adoption? FTX’s CEO, Sam Bankman-Fried, believes clear regulations will boost a fresh wave of institutional adoption in crypto. 2022 and coming years could see more embracement by institutions if clear frameworks become widespread in the US and globally. At the same time, the EU’s markets regulator is also accepting submissions from stakeholders to evaluate if new frameworks are needed to address distributed ledger technologies (DLTs). Read more
The Block research’s analysts: 2022 predictions
The 30+ analyst team at The Block gave their predictions for 2022, with consensus on some areas. Layer 2 solutions like Polygon will register higher growth than Layer 1 networks, while ZK-rollups will play an important role as another alternative for users in 2022. More Bitcoin mining companies will go public in 2022, while ETH Futures ETFs may launch into the market ahead of the conclusion of ETH 2.0. Read more
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