Magic Eden, a non-fungible token marketplace, has teamed up with Web3 payment service MoonPay to provide additional payment methods for purchasing digital collectibles. Customers of Magic Eden can buy NFTs from different chains using a credit or debit card, Apple Pay, or Google Pay. In order to demonstrate compliance with regional anti-money laundering laws, MoonPay also overcame a regulatory barrier in December by obtaining registration with the Financial Conduct Authority (FCA) of the United Kingdom.
A provider of infrastructure for digital assets, Taurus, secured $65 million in Series B funding from Credit Suisse and Deutsche Bank. The Geneva-based company intends to employ additional people and grow throughout Europe and the United Arab Emirates with the money. Taurus denied to offer a firm valuation. The fundraising round serves as a reminder that despite last year’s crypto market crisis, the failure of cryptocurrency lenders Celsius Network and Voyager Digital as well as cryptocurrency exchange FTX, capital is still coming into the digital asset business from large financial institutions.
After the collapsed cryptocurrency exchange claimed that Turkish authorities would not cooperate with US courts, their Turkish units will not be included in its bankruptcy proceedings in the US. In response to a request from FTX representatives in January, Judge John T. Dorsey issued an order on Monday authorising the dismissal. FTX Trading Ltd., the parent company, owns 80% of FTX Turkey, while Alameda Research, FTX’s sister trading company, owns 100% of SNG Investments.