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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Investment news
- Financial services firm Goldman Sachs intends to spend millions of dollars to purchase or purchase crypto companies following a FTX collapse, Reuters reported. Executive Mathew McDermott is quoted as stating that the organization is looking for possibilities which are “priced more sensibly” and it is doing its research on some crypto firms.
- The Panoptic team has elevated $4.5 million in seed funding, brought by gumi Cryptos Capital, with contributions from Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Blizzard (the Avalanche Ecosystem Fund), Zee Prime Capital, yet others, including proper founders within the DeFi space. The pr release mentioned the Panoptic team continues to be building within the last six several weeks to produce “an innovative perpetual options protocol […] for anybody to trade choices on any digital asset inside a completely decentralized and permissionless manner,” due for release in Q1 2023.
- Gaming-enhanced blockchain Oasys announced it effectively closed a proper funding round, with participation from Universe Interactive, South Korean gaming giant Nexon, in addition to Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games, and ChainGuardians. Oasys also announced the final outcome of their public token purchase held from 30 November to 4 December, “which saw its funding goal arrived at within 12 hrs, with commitment from 60 countries.”
- CoreWeave, a specialized cloud provider designed for large-scale GPU-faster workloads, announced it guaranteed $100 million from Magnetar Capital, an alternate asset manager, to scale its on-demand GPU compute sources for purchasers and democratize use of market disruptive AI products, it stated. Universe, an economic services and investment management company within the digital asset, cryptocurrency, and blockchain technology sectors, offered because the exclusive financial consultant to CoreWeave and also the sole placement agent because of its financing round.
Regulation news
- The United States Ftc (Federal trade commission) is investigating a couple of unnamed crypto firms over deceitful or misleading crypto advertising, according to Bloomberg. “We are investigating several firms for possible misconduct concerning digital assets,” stated the Federal trade commission spokeswoman, Juliana Gruenwald Henderson.
Wallet news
- Ethereum (ETH) software firm, ConsenSys stated it might release updates towards the platform as a result of user backlash regarding data collection – following the previous “update ignited a number of public and internal conversations around the way we could better prioritize the privacy of MetaMask and Infura users,” it stated. One of the clarification, it noted that “we retain and delete user data for example Ip and wallet address pursuant to the data retention policy. We’re focusing on narrowing retention to seven days and we’ll append these retention policies to the online privacy policy within an approaching update.”
Payments news
- Payment processor for that gaming industry ZEBEDEE and Web3 infrastructure provider MoonPay today announced an expanded integration of MoonPay’s services within the ZEBEDEE application, allowing gamers in over 100 countries to top-up their bitcoin (BTC) balances having a debit or charge card from inside the ZEBEDEE application, without departing the application and connecting by having an exchange, stated a comment.
- Strike, an electronic payments platform built on Bitcoin’s Lightning Network, announced its partnership with African payments platform Bitnob, along with its ‘Send Globally’ feature, enabling instant, low-cost payments to Africa, stated the pr release. The feature can be obtained to any or all Strike users in america beginning today, with initial coverage for Nigeria, Kenya, and Ghana.
Career news
- Gaming store GameStop has began a round of layoffs, which heavily impacted they building the blockchain wallet, Axios reported citing a resource acquainted with the problem and LinkedIn posts. The report mentioned the approximate proportions of the layoff is unconfirmed.
DeFi news
- MakerDAO, a decentralized finance (DeFi) lending protocol and creator from the DAI stablecoin, has integrated its DAI Direct Deposit Module (D3M) with Compound, an Ethereum-based permissionless money market protocol. Per the announcement, “D3M enables the interaction of Maker’s credit-facility engine with third-party lending pools, allowing MakerDAO to enforce an optimum variable borrow rate for that DAI market on these lending protocols.” MakerDAO’s Risk team expects to create yet another DAI 1.8 million in annualized revenue for that Maker protocol with the integration.
