Round up: Crypto Attracts More Money in 2021 from VCs Than All Previous Years Combined



NEW DELHI: Here is the daily roundup of cryptocurrency news you need to know.
Crypto Attracts More Money From VCs In 2021 Than All Previous Years Combined
Cryptocurrencies attracted around $ 30 billion in 2021, more than all previous years combined, reported Bloomberg. That’s almost quadruple the previous record of around $ 8 billion in 2018, or the year after Bitcoin’s more than 1,300% gain, according to transaction data compiled by PitchBook Data.
RBI reiterates its support for a total ban on cryptocurrency
The Reserve Bank of India (RBI) has informed its board of directors that it supports a total ban on cryptocurrencies. A detailed presentation made to the board of directors highlighted “serious concerns” relating to macroeconomic and financial stability as well as foreign exchange management. Economic times has more on this report.
Adidas The originals sold $ 23 million at the first TVN fall
German sportswear giant Adidas Originals made $ 23.5 million selling 30,000 of its “Into the Metaverse” non-fungible tokens (NFTs). NFTs will provide access to virtual clothing for the blockchain-based, sandbox-based gaming world, as well as corresponding physical products for NFT owners in 2022. The company has earned 5,924 Ethereum (ETH) and each NFT cost 0.2 ETH. Adidas created the NFTs in partnership with Bored Ape Yacht Club, Punks Comics and GMoney. More on that here.
Melanie Trump’s NFT Company
You can now own a digital watercolor of Melania Trump’s eyes in exchange for a cryptocurrency token. The former first lady this week started a business selling NFTs, or non-fungible tokens, on her website in exchange for a Solan token, currently valued at around $ 180 each. Trump will post NFTs “at regular intervals” on his website, with a portion of the proceeds going to foster children. It is not known what percentage of the proceeds will be donated, or if donations will go to specific charities related to foster children. Non-fungible tokens are basically digital certificates of authenticity that can be attached to art, music, or any other type of digital file.
Its first NFT offering is called Melania’s Vision (2021). This is a watercolor of the eyes of the former First Lady by French artist Marc-Antoine Coulon. In an Instagram post, the artist said: “I am very happy and honored to collaborate on this operation with Ms. Melania Trump. This collaboration has taken place under the best possible auspices with artistic confidence and with great efficiency and understanding. on both sides of the common expectations of such a charitable operation.
17 tricked of Rs 38 lakh into a crypto ponzy scheme
Two people from Surat allegedly deceived 17 people of Rs 38 lakh into launching a ponzi scheme involving cryptocurrency. The duo also created a “cybertron.live” portal and signed smart contracts. The accused told people to invest in Tron, a cryptocurrency, paid them 2% back per day in their digital wallet. So the investment sort of tripled in 150 days. They asked investors to find others like them to triple their investment instantly and earn an additional 10% commission. The 17 victims of the scheme had invested Rs 52.20 lakh and they only recovered Rs 13.90 lakh via various bank transfers, cash and angadiya. Times of India has more details here
Myanmar shadow government says Attached as official currency
Tokyo’s largest financial services firm, SBI Group, will now allow Japanese investors to purchase cryptocurrencies through its new crypto-asset fund. The fund is made up of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Chainlink and Polkadot.
Myanmar’s shadow government has declared the use of Tether (USDT), a stable coin linked to the U.S. dollar, as its official currency, while the U.S. SEC has postponed the decision on Bitcoin ETFs in the U.S. until early February.

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