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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Blockchain news
- South Korean electronics and software giant Samsung announced on October 13 the implementation of the new home security system because of its smart devices, known as Samsung Knox Matrix. “Samsung Knox Matrix will be the user’s own private blockchain system, in which your connected devices enhance security through multi-layered mutual monitoring,” stated the announcement.
- Diversified holding company BitNile Holdings, Corporation. stated that it is subsidiary BitNile, Corporation. has started the introduction of a Bitcoin (BTC)-based marketplace platform, which expects to leverage blockchain along with other emerging technologies. The announcement stated the companies are planned for release within the first 1 / 2 of 2023, which is going to be “a multi-vendor e-commerce platform supporting several business sectors, including retail, property, goods, along with other consumer-driven choices.”
Legal news
- Five everyone was billed in France Wednesday on suspicion of fraudulently obtaining $2.5 million of valuable non-fungible tokens (NFTs), including several Bored Ape Yacht Club (BAYC) pieces, Barron’s reported, citing Paris prosecutors. Charges from the youthful adult suspects within the thievery include fraud committed included in a criminal gang, concealing fraud, and criminal association.
NFT news
- Binance NFT, the NFT marketplace of major crypto exchange Binance, announced the NFT collection launch of Kharkiv Art Museum, which is among the earliest and many valuable museum art collections in Ukraine. Included in the launch from the “Art without Borders” NFT collection, the Kharkiv Art Museum is going to be auctioning 15 works from the own collection. The auction will start on October 13 and continue for per week.
Regulation news
- US Senator Elizabeth Warren and 6 other Democrats sent instructions on Wednesday to Texas grid operator, the Electric Reliability Council of Texas, seeking details about the quantity of electricity crypto mining operations have consumed and the quantity of co2 emissions they’ve released during the last six years. “We write seeking details about cryptomining operations in Texas and also the impact these operations might be getting on global warming, the soundness from the energy grid, and subsidies – ultimately compensated for by retail consumers – the Electric Reliability Council of Texas (ERCOT) is supplying to cryptomining companies to curtail their operations during occasions of peak demand,” it stated.
Banking news
- BVNK, London-based crypto-powered payments and banking platform for companies, has guaranteed registration in The country like a Virtual Asset Services Provider. Maximilian von Both, chief legal, risk, and compliance officer stated within the announcement that “the registration in The country would be the to begin many similar landmarks.”
Payments news
- Global payment orchestration platform BlueSnap announced a brand new partnership with crypto payment services provider BitPay, that will give companies the opportunity to accept and obtain compensated in as much as 15 different cryptoassets and 7 fiat currencies globally, stated the announcement. Companies that accept crypto payments take advantage of lower processing costs, access to a different subscriber base, with no chargebacks, it added.
- Bitcoin rewards application Lolli announced the launch of their new mobile application for android and ios featuring new Lolli Card Boosts, which enables shoppers to earn as much as 10% in bitcoin rewards on in-store purchases. With Card Boosts, shoppers can change their debit or credit card right into a bitcoin rewards card by linking it towards the Lolli application, they stated.
DeFi news
- Decentralized finance (DeFi) lending and borrowing protocol Paxo Finance has integrated Chainlink Cost Feeds on Polygon (MATIC) mainnet. Your blog publish stated that integrating this decentralized oracle network enables the protocol to gain access to “tamper-proof cost data feeds required to support accurate liquidations, helping ensure protocol and loan provider solvency.”
- DeFi protocol CACHE Gold has integrated Chainlink Evidence of Reserve around the Polygon mainnet. The announcement stated that “CACHE Gold users are now able to verify on-chain that mix-chain CACHE Gold tokens (CGT) on Polygon are fully backed 1:1 by CGT tokens on Ethereum.”
Investment news
- Uniswap Labs, they behind the main decentralized exchange (DEX) Uniswap (UNI), has elevated $165 million in Series B funding, brought by Polychain Capital with participation from longtime investors a16z crypto, Paradigm, SV Angel, and Variant, founder Hayden Adams stated inside a blog publish.
- Among the development teams behind the Ethereum Merge, Prysmatic Labs, continues to be acquired by Offchain Labs, the developer from the Ethereum layer-2 network Arbitrum. The financial terms weren’t disclosed. Per the announcement, the Prysmatic Labs team is formally joining Offchain Labs and continuously develop Prysm as “a completely open-source and neutral consensus client.”
- Web3 platform nxyz announced a $40 million Series A brought by Paradigm, with participation from Coinbase Ventures, Greylock Partners, Sequoia Capital, and private investors like Balaji Srinivasan, Jaynti (JD) Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selkis, yet others. Per the announcement, co-founder Sridhar Ramaswamy will end up Chief executive officer, while remaining in the role as Chief executive officer from the private internet search engine Neeva. The funds will be employed to expand nxyz’s team, build support across emerging use cases, and expand across different chains, it stated.
Career news
- Digital asset custodian Standard Child custody & Trust Co., a subsidiary of PolySign, announced the appointment of Matthew Homer to the board of company directors. The pr release stated that Homer was the inaugural Executive Deputy Superintendent for that Research and Innovation Division in the New You are able to Department of monetary Services (NYDFS), where his responsibilities incorporated cryptocurrency and digital assets.
