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While one digital art auction has pushed NFTs deeper into the mainstream consciousness, regulators in the U.S. are reportedly taking a closer look at Binance — Crypto News of the Week
As always, it’s been an eventful week in the blockchain and cryptocurrency industry. Cryptocurrency exchange Binance is reportedly being investigated by the United States Commodity Futures Trading Commission for potentially allowing U.S. residents onto its platform. Meanwhile, a Beeple digital art auction has pushed NFTs into the stratosphere of mainstream awareness.
Here’s everything you need to know about these stories, and more, in this week’s edition of OKX Insights’ News of the Week.
The United States Commodity Futures Trading Commission is reportedly investigating cryptocurrency exchange Binance for potentially allowing American investors on the platform, according to a report from Bloomberg published on Friday.
WisdomTree has put forth its application for a Bitcoin exchange-traded fund to the United States Securities and Exchange Commission.
As per an S-1 filed on Friday, the New York-based ETF and exchange-traded product sponsor and asset manager intends to list shares under the ticker BTCW on the Cboe BYX Exchange.
Beeple’s 5,000-day digital art collection sold for more than $69 million, including a $9 million premium — making it one of the highest art auctions in history. The sale was hosted by famed British auction house Christie’s and received 353 bids.
The collection includes a series of artistic works created by Beeple every day for 14 years.
PayPal announced the acquisition of security-focused startup Curv in a press release on Monday, noting that the acquisition of the cryptography company should be completed in the first half of this year.
Curv will join PayPal’s newly formed blockchain and cryptocurrency-focused business unit.
MicroStrategy once again purchased BTC. This time, the business intelligence company spent $15 million on 262 coins, per a disclosure made on Friday, bringing its total up to roughly 91,326 coins. The firm’s average buy-in price for BTC is around $24,214 per coin.
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