Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.
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Legal news
- Albanian police arrested Fatih Ozer, Founder and Chief executive officer of crypto exchange Thodex, and also the tactic to extradite him to Poultry has began, the Turkish Interior Ministry stated on Tuesday. Ozer continues to be searched for by Turkish government bodies over fraud accusations.
- Troubled crypto loan provider Hodlnaut stated its lawyers on Monday attended the Interim Judicial Management hearing, which the court has hired Ee Meng Yen Angela and Aaron Loh Cheng Lee of EY Corporate Advisors Pte. Limited. because the Interim Judicial Managers. Hodlnaut froze withdrawals earlier in August, citing challenging market conditions.
- The federal government from the Central African Republic, a nation that adopted bitcoin as legal tender in April this season, won’t be permitted to market land and citizenship in return for investments within the country’s cryptocurrency, the Sango Gold coin. That’s per a ruling through the country’s Constitutional Court, Bloomberg reported.
Scalability news
- The Ethereum scaling network Arbitrum stated it’ll undergo a significant replace on Wednesday that can result in 2-4 hrs of downtime beginning from 10:30 ET (14:30 UTC). The upgrade, referred to as Nitro, is anticipated to improve transaction throughput, cut transaction charges, and simplify interactions between Arbitrum and Ethereum.
Investments news
- Crypto loan provider Nexo (NEXO) stated that it is Board of Company directors allotted an additional USD 50m towards the company’s lengthy-standing Buyback initiative. This approval enables the organization “to discretionally and periodically repurchase its native NEXO Token on view market,” they added. During the time of writing, NEXO trades at USD .98 and it is up 1% per day and 9% per week.
- The main financial derivatives exchange CME Group stated it launched euro-denominated bitcoin (BTC) and ethereum (ETH) futures.
- The mobile gaming firm Limit Break has elevated USD 200m during the period of two funding models brought by gaming firm Mino Games chairman Josh Buckley and investment firms Paradigm and Standard Crypto, per a tweet in the firm.
- Singapore condition investor Temasek Holdings is placed to guide a USD 100m funding for crypto gaming and NFT company Animoca Brands via convertible bonds, Bloomberg reported, citing undisclosed “people acquainted with the problem.”
- Web3-focused game writer Xterio stated it elevated USD 40m inside a round brought by FunPlus, Makers Fund, FTX Ventures, and XPLA, among other investors. Multiple games are presently in development, with product bulletins coming this fall, per the firm.
- Indonesian tech firm PT GoTo Gojek Tokopedia Tbk, also known as just GoTo, has acquired 100% from the shares from our crypto exchange PT Kripto Maksima Koin, Reuters reported. An investment marks GoTo’s initial step in to the crypto space, and also the firm stated it sees blockchain playing “a mainstream role later on of finance.”
- RedStone Finance, a service provider of oracles for DeFi applications, has elevated USD 7m inside a seed funding round brought by Lemniscap, with participation from Coinbase Ventures, Blockchain Capital, Maven11 Capital, Distributed Global, Lattice, and Arweave. RedStone stated it intends to make use of the money to help growth and development of its oracles and modular data-processing smart contracts on Arweave known as Warp.
Financial aspects news
- Annual harmonized inflation in Germany is believed to achieve 8.8% in August, per the government Record Office (Destatis), and become using the consensus forecast or more from July’s 8.5%.
Payments news
- The US Fed has updated the timeline for that launch of their FedNow Service, a brand new nationwide instant payment system in america. Based on the latest update, the FedNow Services are scheduled to produce mid-year 2023.
