The Block
Quick Take Tap Protocol, a Bitcoin Ordinals-based development platform, raised $4.2 million in a round led by Sora Ventures. German-based parent company Trac Systems plans to use the investment to enable more types of applications on Bitcoin, from gaming to DeFi.
Quick Take A Montenegro court has canceled the approval of Do Kwon’s extradition to South Korea and the U.S. Last week, Bloomberg reported that Do Kwon’s detention in Montenegro was extended until mid-February amid his extradition appeal.
Quick Take BlackRock’s proposed spot bitcoin exchange-traded fund now has a ticker: IBIT. Updated filing includes new language about the fund’s creation and redemption model.
Quick Take Under the settlement, former CEO Changpeng Zhao will have to pay $150 million, with a third of that paid within the next 30 days, according to the order signed on Dec. 14 by Judge Manish Shah in the U.S. District Court for the Northern District of Illinois.
Quick Take The UK has introduced new regulations for supervising the nation’s Digital Securities Sandbox.
Quick Take The agency instituted “proceedings” for multiple applications on Monday and asked for public input on whether the exchange-traded funds should be allowed to list, according to filings on Monday.
Quick Take UK business clients of Revolut will be able to hold or sell crypto, but not buy new digital assets. Revolut halted service in the U.S. earlier this year amid regulatory uncertainty.
Quick Take Immutable has launched its web3 gaming “Passport,” which allows players to use identities and assets across multiple platforms. Initially, more than 500,000 users will have access to the tool across five games and marketplaces like “Gods Unchained” and AtomicHub.
Quick Take Improbable, backed by SoftBank and a16z, has sold its gaming subsidiary, MPG, to Keywords Studios for nearly $100 million. The sale marks a strategic shift for the firm, focusing on expanding and innovating within the metaverse sector.
Quick Take UK’s finance minister will investigate claims that licensed crypto firms are having difficulty opening business accounts in the country.
