Visa CEO says the company believes stablecoins and CBDC's can play a meaningful role in the payments space.

Was he sleeping all this while? 🤔

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Vitalik Buterin, trader extraordinaire. The Ethereum co-founder showed his trading chops by netting a tidy $92,000 profit from a seven-month short position on the non-pegged purported stablecoin RAI.

Buterin took the position in May and June, borrowing 400,000 RAI and selling it for $1.2 million of DAI, a stablecoin pegged to the US dollar, according to on-chain records. This created an effective short position on RAI against the US dollar.

He closed the position two days ago, selling $1.13 million of DAI and ether for RAI and ending up with his $92,000 gain.

Built by Reflexer Labs, RAI is an experimental “stablecoin” that isn’t pegged to any specific token or fiat currency but is backed by ether.
Reflexer co-founder Ameen Soleimani, currently the CEO of SpankChain, used Buterin’s trade to support his argument that RAI’s current design was flawed.

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Gemba, a company that makes tech for training via VR, has raised $18 million in its Series A round.

The raise was led by Lyft and What3words backer Parkway Venture Capital.

Gemba, a software developer providing virtual reality training to corporates, raised $18 million in a Series A round led by Parkway Venture Capital. The deal values the business at $60 million.

The company, which counts Nike, Carlsberg and AstraZeneca among its clients, provides live, 'life-like' training experiences via VR headsets. The tech is currently only compatible with Meta's Quest VR headset but it plans to expand to other popular devices.

https://www.globenewswire.com/news-release/2023/01/25/2594901/0/en/VR-Workforce-Training-Leader-Gemba-Secures-18m-to-Become-the-Go-To-Learning-Platform-of-the-Enterprise-Metaverse.html

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Binance will remove and cease trading on the following trading pairs at 2023-01-27 03:00 UTC:

Spot Pairs: AION/BTC, ATOM/BRL, BTS/BTC, KEY/ETH, OOKI/ETH.

https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2023-01-27-50556d0ff0bc408e82d39ea129c51f29

Prosecutors in Seoul issued an arrest warrant for the actual owner of South Korea’s second largest crypto exchange Bithumb, accusing of manipulating the stock prices of several affiliated companies. A vice president of Vidente, Bithumb's largest shareholder, committed suicide during the investigation.

https://news.einfomax.co.kr/news/articleView.html?idxno=4251784

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SBF invested $400 million in Modulo Capital in the third and fourth quarters of 2022.

https://twitter.com/wublockchain/status/1618251170027556864

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It seems like Kevin Rose, co-founder of PROOF (creators of the famous NFT collection Moon birds), wallet is comprised.

Millions of NFTs draining out.

https://twitter.com/kevinrose/status/1618323487067869184

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Tesla did not buy or sell any Bitcoin in Q4; reported $33 million in impairment charges to its Bitcoin holdings

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Supply in loss hits new low in 9 months📉🔥

"Therefore, there are signs of a possible trend reversal about to occur after the distortion between the metrics pointed out two months ago."

https://cryptoquant.com/quicktake/63d13fd74a71fb5ea520e4d9-Supply-in-loss-hits-new-low-in-9-months

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Another Digital Currency Group entity is laying off workers. This time it’s crypto exchange Luno, which trimmed its workforce by 35%.

The London-based firm told employees about the layoffs earlier today. Luno had a total headcount of 960, meaning over 330 jobs will be lost as a result of the cuts.

DCG has come under increasing pressure over the past year as the crypto downturn intensified amid a turbulent macroeconomic backdrop.

"Luno unfortunately hasn’t been immune to this turbulence, which has affected our overall growth and revenue numbers," the company said in a message shared with employees. "While we anticipated a downturn and proactively planned ahead with a business and funding model that can be resilient to some of these factors, the sheer scale and speed of all of this happening, and all at the same time, has put significant strain on our original plan."

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Dutch central bank fines cryptocurrency exchange Coinbase 3.3M Euros.

https://www.reuters.com/article/idUSA5N32P01H

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Aave Community Voting to Deploy Version 3 on Ethereum.

If the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market.

https://www.coindesk.com/tech/2023/01/24/aave-community-voting-to-deploy-its-v3-on-ethereum/

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Amazon NFT initiative coming this spring.

Amazon “coming into the space” is “a big one” for crypto “for many different reasons.

Andy Jassy, the CEO of Amazon, has previously stated that he is open to the company selling NFTs — and that the company is not closing the door to cryptocurrencies generally.

https://blockworks.co/news/amazon-nft-marketplace-web3

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TSLA +60% in 3 weeks.

🔗 Telegram | Twitter

Doodles will release Doodles 2 on Flow. The first step will be opened on January 31. Doodles 2 may be a dynamic NFT. Users can change the appearance at any time as needed, and it will be accompanied by animation and original music.

https://nftnow.com/news/exclusive-doodles-unveils-doodles-2-details-and-flow-expansion

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Deribit is moving its exchange headquarters to Dubai.

The firm also is seeking a license in the country.

https://www.theblock.co/post/205680/deribit-seeking-dubai-license-to-maintain-crypto-options-dominance

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Aave purchased 2.7 million Curve (CRV) tokens, which would clear “excessive remaining bad debt”.

https://cointelegraph.com/news/aave-purchases-2-7m-crv-to-clear-bad-debt-following-failed-eisenberg-attack

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This was the one (and only) signature that Kevin Rose signed that cost him ~$2 million.

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