FreeCryptoCurrency.Me

The US House and Senate Agriculture Committees sent a letter to the chair of the Commodities Futures Trading Commission requesting more information on digital asset marketplaces. 

The post Congress’s agriculture committees request information on digital assets from the CFTC appeared first on The Block.

The mint was supposed to start on January 11 at 1:00 p.m. ET but crashed due to heightened user traffic on their servers. 

The post 3LAU-backed platform Royal crashes during first music NFT drop, mint delayed appeared first on The Block.

Coinbase is acquiring FairX, a CFTC-regulated derivatives exchange.

The post Coinbase announces acquisition of derivatives exchange FairX appeared first on The Block.

Crypto banking firm Xapo is has given up its BitLicense, according to a notice from the New York Department of Financial Services (NYDFS).

The post Xapo closes shop in New York, gives up BitLicense appeared first on The Block.

Brazil-based 2TM Group is expanding into Europe with the acquisition of Lisbon-based exchange CriptoLoja.

The post Mercado Bitcoin parent 2TM to acquire Portuguese exchange CriptoLoja appeared first on The Block.

Quick take

• Over-collateralized loans on platforms like Maker, Compound, and Aave have seen significant growth in recent years. 
• Undercollateralized lending improves capital efficiency and unlocks powerful financial mechanisms but remains largely unexplored in DeFi.
• Gearbox is a generalized leverage protocol that offers undercollateralized loans using a new DeFi primitive called credit accounts.

Emmer said, “the Fed does not, and should not, have the authority to offer retail bank accounts.”

The post New legislation before Congress would bar the Fed from holding retail accounts for a CBDC appeared first on The Block.

Quick Take

• This piece looks into virtual real estate in The Sandbox metaverse.
• 86,722 LANDs have been sold to over 17,500 owners through 27 sales rounds between 2019 and 2021. 
• The growth of SAND token outperformed LAND in 2021.
• Despite on-chain data availability, the valuation of virtual real estate is not much easier than the physical real estate market.
• However, this will change as we are seeing signs of the emergence of third-party protocols such as land appraisers and land aggregators.

Gap is collaborating with Brandon Sines, the artist behind Frank Ape to launch their first collectible NFT experience.

The post Clothing retailer Gap launches NFT collection on Tezos appeared first on The Block.

The raise secures its place as one of Europe’s most valuable startups and more than doubles its valuation since its Series C a year ago.

The post Checkout.com’s valuation hits $40 billion with $1 billion raise appeared first on The Block.