Hodlnaut & Swyftx Laid Off Staff, USD 9M Transported In eNaira, MTV’s ‘Best Metaverse Performance’, Crypto Eco-friendly and Red Regulatory Lights + More News

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Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news. 

Legal news

  • Within an update on its personal bankruptcy situation, Singapore-based crypto loan provider Hodlnaut stated it’s facing “pending proceedings” using the Singapore Attorney-General and also the Singapore Police Pressure. In addition, the organization stated it let go 80% of their employees, or “roughly 40 employees”, “to be able to lessen the company’s expenditure.”
  • The United States Trustee needs to appoint an examiner within the situation of Celsius (CEL)’ personal bankruptcy, MarketWatch reported, claiming Celsius frequently unsuccessful to supply a detailed introduction to its mining operations. They stated an examiner must consider the function Celsius’s management might have performed within the platform’s illiquidity. The move was met with concerns through the Committee of Unsecured Creditors, quarrelling the move is only going to rake up costs, without supplying any significant benefit.

CBDC news

  • The Central Bank of Nigeria Governor Godwin Emefiele stated inside a speech that Nigeria’s central bank digital currency (CBDC), the eNaira, has been utilized to handle transactions worth NGN 4bn (USD 9.4m) since its introduction in October 2021, adding the eNaira application continues to be downloaded 840,000 occasions and presently has about 270,000 active wallets.

Metaverse news

  • The 2022 MTV Video Music Awards (VMAs) added a “Best Metaverse Performance” category. Six artists are up for nomination: BTS, Blackpink, Ariana Grande, Charli XCX, and 21 Years Old Pilots.
  • Africa has become an active metaverse known as Ubuntuland, having a 3D Virtual Reality (VR) experience of it, Africarare, stated an announcement distributed to Cryptonews.com. Africarare has guaranteed a 12×12 village (144 plots of virtual property) to determine its visibility, along with the Austrian World Data Lab (WDL), which acquired a 6×6 village. WDL stated it’ll make use of this virtual real-estate to “help improve quality of existence for Africans and lift understanding of key-impact topics.”

Regulation news

  • The South African Reserve Bank (SARB) stated in the new guidelines that banks in the united states “may behave as a conduit for funds” associated with crypto providers and “are likely involved in customers wanting to purchase” or “receive payouts in fiat currency” within their accounts for that purchase of crypto.
  • The Central Bank from the Philippines printed an alert note, “strongly urging” the nation’s citizens not to cope with Virtual Asset Providers (VASPs) which are either unregistered or domiciled abroad. You will find 19 registered VASPs.

Exchange news

  • Digivault, the United kingdom Financial Conduct Authority (FCA)-registered crypto custodian that is part of the EQONEX Group, has added support for Binance‘s BNB Chain, enabling clients to now hold assets running on BNB Chain, including BNB, BUSD, &amp BEP20 tokens, within their Digivault accounts.
  • Australian crypto exchange Swyftx is lounging off a fifth of their staff (21%), inside a move referred to as a “hard decision” inside a blog publish. 74 individuals have lost their jobs because of “operating within an uncertain business atmosphere, with amounts of domestic inflation not observed in over 2 decades, rising rates of interest, highly volatile markets across all asset classes, and the opportunity of a worldwide recession,” it stated.
  • Singapore-based crypto exchange BHEX.SG announced it has gotten the conventional Payment Institution license in the Financial Authority of Singapore (MAS).

Mining news

  • Certainly one of Japan’s greatest financial services providers, SBI Holdings, stated it’s shutting lower its mining operations in Siberia, because the war in Ukraine is creating overall uncertainty on the market. According to a Bloomberg report, the move ties to the sanctions enforced on Russia because of its invasion of their western neighbor, Ukraine.

Payments news

  • Fintech firm Ripple has partnered using the local bank Travelex to create its RippleNet On-Demand Liquidity (ODL) product to South america. This will make Travelex the very first bank in South America to make use of Ripple’s ODL, which is even the first bank registered and approved to function solely in foreign currency, stated the pr release.

DeFi news

  • Digital asset custodians Copper integrated using the Solana (SOL) blockchain to aid decentralized finance (DeFi), the organization announced. With the integration, customers can communicate with Solana dapps and transact underneath the protection of CopperConnect’s Multi-Party Computation (MPC) technology, they added.

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