💪 German banking giant dwpbank lists BTC on their platform, opening up access to crypto trading for over 1,200 Banks

💪 German banking giant dwpbank lists BTC on their platform, opening up access to crypto trading for over 1,200 Banks 🐽 Do Kwon is charged with eight counts of fraud 🫢 Trader accidentally burns a $122k NFT

Good morning, frens. Monday has come around again and it's time to get back into the swing of things. As always, we keep building, learning, and striving for our goals. Here's what recently happened in the space:

💪 German banking giant dwpbank lists BTC on their platform, opening up access to crypto trading for over 1,200 Banks

🐽 Do Kwon is charged with eight counts of fraud

🫢 Trader accidentally burns a $122k NFT

German banking giant dwpbank lists BTC on their platform, opening up access to crypto trading for over 1,200 Banks

A German banking giant, dwpbank, has recently listed BTC as a tradable asset on its platform, wpNex. The platform has opened up access to BTC trading to over 1,200 banks, which enables customers to view their cryptocurrency holdings alongside their traditional securities. This makes it possible for customers to trade BTC directly from their online banking account.

The launch of wpNex is a milestone for the crypto adoption journey in Germany and the European Union. With the help of dwpbank’s platform, retail customers now have a secure and reliable way to gain exposure to (at least the most basic) crypto, allowing them to diversify their portfolios but the important part is that it will encourage more people to get into the crypto space.

Do Kwon is charged with eight counts of fraud

The US prosecutors in New York filed charges against Do Kwon on Thursday, hours after his arrest at the Podgorica airport in Montenegro.

An indictment of twelve-pages long was issued with eight fraud charges, including: conspiracy to defraud, two counts of commodities fraud, two counts of securities fraud, two counts of wire fraud and a conspiracy to manipulate the market. The US is looking to seize Kwon's assets allegedly linked to the offenses. If convicted, Kwon could face years of imprisonment and significant fines.

Do Kwon is currently still in the custody of Montenegrin authorities, according to Bloomberg. The US is seeking his extradition and has been in talks with South Korea over the matter. South Korean prosecutors are also looking to extradite Kwon as he was wanted in his home country since September. It remains unclear which nation will be able to bring him to justice first.

Trader accidentally burns a $122k NFT

One of the NFT traders out there, Brandon Riley was met with a major shock on Friday when he discovered that the CryptoPunk he had purchased for 77 Ethereum had gone up in smoke after he accidentally sent it to a burn address.

Riley says that what happened was an honest mistake made while attempting to wrap the NFT and post it to NFTfi.com where he could earn a yield of around 7% per year.

At the time the CryptoPunk, numbered 685, was bought it was worth close to $129,000 in ETH which is quite a sizable sum for an NFT purchase.

He says that he still believes in the potential of the technology and will continue to trade NFTs, although he said that most collections except the top ones will probably go to zero. The posts on Twitter have attracted a lot of attention from the crypto community. Many people have expressed sympathy for the man while others have offered their advice to help him be more careful when dealing with NFTs in the future.