Nuri closes, UK’s Pablo Escobar banned from Crypto, Do Kwon refuses to see arrest warrant, Interpol’s new team

Get your daily, bite-sized summary of cryptoassets and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.
__________

Investment news

• Nuri, a Germany-based neobank offering crypto investment tools, has shut down. According to a statement from CEO Kristina Walcker-Mayer, “we have not been able to find investors to continue our mission and have asked our customers to withdraw their funds no later than 12/18/2022 so that the business can be closed and liquidated .” Trading will be available until November 11.
• Blockchain research and development studio ChainSafe has raised $18.8 million in an oversubscribed Series A funding round, led by Round 13 with the participation of new investors NGC Ventures, HashKey Capital, Sfermion, Jsquareand returning investors Digital Finance Group and Fenbushi capital. It will use this investment to increase support for the adoption and sustainable growth of the Web3 ecosystem, the press release said. Khaled Verjee, managing partner of Round13’s Digital Asset Fund, joins ChainSafe’s board.

Legal news

• Curtis ‘Cocky’ Warren, known as ‘Britain’s Pablo Escobar’, is set to be released next month and will be banned from holding cryptocurrency such as bitcoin, among other restrictions, The Times reported. He is also banned from owning more than £1,000 ($1,130) in cash, while his ability to borrow money, make transfers or hold trusts or shares will also be monitored and restricted.
• Terra founder Do Kwon claimed on crypto podcast Unchained that he has not seen a copy of the arrest warrant and that all information about the charge that he is aware of had come from the media. He reiterated that the charges against him by South Korean prosecutors are “politically motivated” and that he is not on the run.

Regulatory news

• The The International Criminal Police Organization, aka Interpol, has set up a special team in Singapore to help governments fight crimes involving virtual assets, Business Standard reported. Interpol Secretary General Jürgen Stock was quoted as saying at a press conference in Delhi on Monday that crypto assets such as bitcoin (BTC) and ethereum (ETH) pose challenges to law enforcement agencies in the absence of a legal framework.

Payment news

• MasterCard introduced his Crypto source, a new program to enable financial institutions to bring crypto trading opportunities and services to their customers, the press release said. As previously reported, Mastercard is working on the blockchain infrastructure platform Paxos Trust Company.

Blockchain News

• Blockchain development company Peersyst technologies announced the launch of a test phase by the American fintech company Rippleis new XRP Ledger sidechain, which is compatible with the Ethereum Virtual Machine (EVM). They added that today they would publish a user guide for the community to use and test the sidechain and create their XRP accounts on MetaMask.

Exchange news

• Bitfinex announced that they are supporting victims of Hurricane Julia in El Salvador through food distribution and emergency relief. Donations were personally delivered on behalf of Bitfinex to some of the victims’ families by Milena Mayorga, the current Salvadoran ambassador to the United States, as well as Congressmen William Soriano and Christian Guevara. The majority of the emergency aid has been distributed in La Union, which will become Bitcoin City.

Metaverse news

• Ethereum-based open-world virtual reality (VR) game Decentralized country announced the second annual Metaverse Music Festival (MMF), which will be presented by crypto exchange Kraken and will host 15 stages with more than 100 artists. Decentralized infrastructure for an open, augmented reality (AR)-enabled metaverse ABOVE is partnering with Decentraland to host this festival which takes place on November 10th^th-1. 3^th.

DeFi news

• Non-Custodial Decentralized Exchange (DEX) THORChain (RUNE) has logged over 5 million transactions across chains since the launch of the main network in June, according to a press release shared with Cryptonews.com. Total value locked (TVL) on the network follows a similar trajectory, with over $100 million locked on the network to date, it added.

Career news

• Mark Steward retires as it UK Financial Conduct Authorityexecutive director of enforcement and market surveillance, the regulator announced on Tuesday. The FCA is the anti-money laundering (AML) compliance watchdog for crypto firms in the country.