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📣 CryptoPunks Fraction Token Officially Launched On Gate.io According to the official announcement, Gate.io announced the launch of its first NFT fragmentation token, CryptoPunks Fraction Token (IPUNKS).This token is a USDT-based product that represents a fixed set of NFT assets. Its first online project is CryptoPunks. The CryptoPunks are the 24×24-pixel, 8-bit-style unique avatar that is an NFT image, one of the earliest examples of NFTs on Ethereum and the inspiration for the ERC-721 standard. They are valued significantly on the NFT market and represent a novel kind of asset tokenization, often fetching millions of dollars. were initially given away by the developers before they gained popularity and value. Source https://t.me/Kucoin_Coins_Token

⚡️ JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. The senior investment strategist described.Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped. Source https://t.me/Kucoin_Coins_Token

🇧🇷 Brazil’s Securities Regulator Allows Investment Funds to Invest in Crypto The Brazilian Securities and Exchange Commission (CVM) on Friday approved the ability for investment funds to include crypto assets among their holdings. paying attention to controls related to the integrity and ownership of the assets. In order to be part of fund portfolios, the CVM said crypto assets will have to follow a set of criteria in line with a new regulatory framework established in a law enacted by the outgoing president, Jair Bolsonaro, on Thursday. Crypto assets may be part of a fund as long as they are traded in entities authorized by either the Central Bank of Brazil or the CVM, or – in the case of operations abroad Source https://t.me/Kucoin_Coins_Token

🚨 Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabilities between $1 billion- $10 billion. On Dec. 20, CNBC reported that Core Scientific was still generating a positive cash flow. However, the funds are not enough to finance the debts owed on its mining equipment. Meanwhile, the company would continue to operate while negotiating a deal with senior security holders that hold most of its debt. Source https://t.me/Kucoin_Coins_Token