While some countries are accelerating their anti-crypto crackdowns, major blockchain firms are strengthening their positions in the classical banking segment.
BitMEX CEO and CFO bought the oldest bank in Germany. It has operated since 1754!
According to the official statement by BitMEX crypto derivatives exchange, its officials Alexander Höptner (CEO) and Stephan Lutz (CFO) have acquired Bankhaus von der Heydt, a Munich-based banking heavyweight.
We’re one step closer to creating a regulated crypto powerhouse in the heart of Europe with this purchase agreement by BXM Operations of German Bank Bankhaus von der Heydt 🙌: https://t.co/VCioQ81zwD— BitMEX (@BitMEX) January 18, 2022
Mr. Höptner and Mr. Lutz bought Bankhaus von der Heydt through their separate firm, BXM Operations. As per the announcement, establishing a one-stop fintech hub for Germany, Austria, and Switzerland with crypto products in focus is the main goal of this acquisition.
BitMEX’s structures doubled their bet on the presence in Europe: in mid-2021, the platform unveiled a regulated Swiss-based crypto brokerage service.
At printing time, the purchasing agreement between BXM Operations and the bank's previous owners is signed and sealed; the deal is subject to the approval of German finances watchdog BaFin.
Crypto advertising under fire in the UK
Twitter account Walter Bloomberg, a well-known source of insider information, shared an alarming announcement for all British crypto enthusiasts. The spheres of DeFi, cryptocurrencies and blockchain businesses should brace themselves to another wave of regulators’ attacks.
BRITAIN SAYS DECENTRALISED FINANCE (DEFI) MAY BE IN SCOPE OF REGULATION, BUT WILL NEED TO BE CONSIDERED ON A CASE BY CASE BASIS— *Walter Bloomberg (@DeItaone) January 18, 2022
BRITAIN SAYS MISLEADING ADVERTISING AND LACK OF INFORMATION MEANS THERE ARE CONSUMER RISKS PRESENT IN CRYPTO MARKET
First of all, British regulators may be considering the removal of reference to blockchain in the approved definition of cryptocurrency assets. This statement might also mean that different regulatory regimes will be imposed for blockchain projects and crypto organizations.
Then, decentralized finances protocols (DeFi) might also become subject to regulation. At the same time, all regulatory decisions on DeFi should be taken on a ‘case-by-case’ basis.
Last but not least, British regulators will combat the misleading advertising of crypto products. All ads with no risk warnings might be outlawed.
Despite Walter Bloomberg being known for spreading rumors, this particular statement may come true: British regulator FCA repeatedly issued warnings to crypto market participants.
NFT pioneers Animoca Brands raises $360 mln, valuation smashed $5B
Flagship Hong Kong-based software studio and VC major Animoca Brands, an influential player of the GameFi segment, announces the completion of its strategic funding round.
A total of $358.8 million is raised from a clutch of high-profile venture investors. Liberty City Ventures led the round while 10T Holdings, Gemini Frontier Fund, ParaFi Capital, Provident, Sequoia China, and Winklevoss Capital also backed Animoca Brands in its fundraising efforts.
With fresh investments, Animoca Brands is valued at over $5,5 billion. Largely, new funds will fuel the next phase of M&A deals in GameFi.