Tether & Bitfinex Enter New Project, Ex-Meta Team Elevated USD 150M, Investor Eyes Zipmex, Crypto Donations + 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. 


Investments news

  • Peer-to-peer application building platform Holepunch announced the alpha launch of their encrypted video calling application known as Keet, supported by stablecoin issuer Tether (USDT), crypto platform Bitfinex, and distributed systems developer Hypercore. Holepunch protocol is presently closed source and can remain so until it completes alpha testing, and will proceed to free code in Q4 of 2022, they added. Tether, Bitfinex, and Hypercore have invested USD 10m into Holepunch to finance startups building around the platform. “The fund dimensions are searching to stay in the many millions even though these are dedicated to supplying funding themselves, they’re also searching for other investors,” per their spokesperson.
  • Aptos Labs, a blockchain startup founded by former crypto executives at social networking giant Meta announced a USD 150m series A funding round, brought by FTX Ventures and Jump Crypto, among other investors. “Aptos has witnessed growth not just in funding, but additionally in active network participation from builders prior to the network has launched its mainnet. The organization may also make use of this latest funding to grow its team and make out initiatives for example ecosystem funds, made to attract developers into its growing community,” they added.
  • Ledger-as-a-Service project Chain announced it’s obtaining data project Measurable Data Token (MDT) and it is ecosystem products inside a deal worth over USD 100m. Chain is going to be obtaining RewardMe, a cash back application, and MeFi, a blockchain oracle, each of which are members of the broader MDT ecosystem.

Exchanges news

  • Troubled exchange Zipmex stated it’s received a memorandum of understanding from the potential investor, that could be searching to purchase the firm. Zipmex confirmed to Bloomberg that they are trying to raise a minimum of USD 50m. They also have re-enabled withdrawals using their Trade Wallet, but added that transfers in the exchange’s Z Wallet remain disabled until further notice.

Adoption news

  • The Fair Political Practices Commission in California, US dicated to approve new rules allowing donations of crypto, per La Occasions. Candidates can accept crypto donations as lengthy because they immediately convert them into $ $ $ $, and should make use of a registered crypto processor to handle transaction which will collect the name, address, occupation, and employer of every contributor.
  • US-based major investment bank Moelis &amp Company stated it launched its Global Blockchain Group that will provide bespoke advisory services to both corporations utilizing blockchain in addition to emerging and leading blockchain companies, including individuals trying to develop a presence in Web3. The Audience is brought by John Momtazee, Moelis &amp Company Co-Founder and Global Mind of Media Investment Banking, and include a group of senior bankers across multiple industry groups with experience of counseling blockchain companies, they added.

Security news

  • The Democratic People’s Republic of Korea (DPRK) condemned remarks with a senior US White-colored House official about Pyongyang’s cyberattack abilities and stated it might still stand against what it really known as US aggression towards it, per Reuters. They mentioned that, “the DPRK will face from the US, the earth’s only number of crooks,” the opening added.

Metaverse news

  • Blockchain-related platforms Alien Worlds, Animoca Brands, Dapper Labs, Decentraland, Space, Superworld, The Sandbox, Upland, Voxels, and Wivity have created the Open Metaverse Alliance for Web 3 (OMA3) to “address interoperability challenges by proposing standards by facilitating collaboration between various stakeholders of Web3 along with other industries,” they stated.

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