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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Investments news
- Layer 1 blockchain network Cronos (CRO) launched a brand new USD 100m-backed accelerator program for blockchain projects which are within the seed-pre-seed stage and can mainly concentrate on advanced DeFi, Web3 gaming & metaverse, and infrastructure & tooling. You will see 3-4 cohorts each year, featuring typically 10 start-ups per cohort, they stated.
- Market maker Citadel Securities would like to create markets as a swap-traded funds (ETFs) that hold crypto pending regulatory approval, Bloomberg reported, citing Kelly Brennan, mind from the firm’s ETF group. Brennan was quoted as stating that the firm can’t provide liquidity until regulatory issues are resolved.
- Money market Euler stated it’s offered USD 32m of their governance token in a USD 375m valuation to several investors brought by Haun Ventures. The funds elevated is going to be allotted for the diversification from the Euler DAO, that is likely to launch later this month, they added.
- Payments platform Mash elevated USD 6m inside a seed funding round co-brought by Castle Island Ventures and Whitecap Venture Partners. The woking platform stated it’ll make use of the funds to construct out and commercialize its payments platform, grow its team, and execute on its go-to-market strategy.
- Indonesian crypto buying and selling application Pintu elevated USD 113m inside a Series B funding round. They’ll use this funding for launching additional features, adding tokens, and presenting various by yet undisclosed products, they added.
- Crypto buying and selling platform VirgoCX elevated CAD 10m (USD 7.96m) in Series A funding brought by venture fund Draper Dragon. The main city can help the firm accelerate its global expansion, they stated.
- Back-office platform Cryptio elevated USD 10m inside a Series A funding round brought by Point Nine. The woking platform aims to produce auditable records inside the crypto sphere for that purpose of accounting, treasury, and tax filings.
- NFT game Illuvium announced it elevated over USD 72m in digital land sales. From the 20,000 plots available, 19,969 were offered.
- Web3 social marketplace Calaxy elevated USD 26m in proper funding co-brought by Animoca Brands and HBAR Foundation.
- Ledgible, a crypto tax and accounting platform, stated it elevated USD 20m in funding because of its Series A Round brought by EJF Capital through its affiliate, the EJF Silvergate Ventures Fund. “This investment will be employed to expand Ledgible’s product choices in addition to considerably grow its teams to satisfy the growing interest in its choices,” they added.
Security news
- Blockchain bridge and scaling solution Aurora stated it compensated out a USD 6m bug bounty to some whitehat hacker who’d discovered a vital vulnerability within the Aurora Engine at the end of April, as part of the bounty program launched using the security services platform Immunefi. The vulnerability was discovered by whitehat pwning.eth, and contains been patched without any user funds lost, they added.
Mining news
- Argo Blockchain announced it found BTC 124 during May 2022, when compared with BTC 166 in April 2022, that they attribute to a rise in mining difficulty, but additionally greater electricity prices in Texas, where they’d to lower their energy usage in their new Helios facility, amongst other things. Also, the organization stated it’s purchased 6,600 custom mining machines from ePIC Blockchain Technologies, having a to place additional orders for approximately 23,400 machines. The machines will make use of the Apple ASIC Blockscale chips, they stated.
NFTs news
- The British Premier League, the country’s top football competition, has filed two cryptocurrency and NFT trademarks in america, per trademark attorney Mike Kondoudis.
- The Hong Kong Securities and Futures Commission (SFC) has cautioned investors from the risks connected with purchasing NFTs, that they say include “illiquid secondary markets, volatility, opaque prices, hacking, and fraud.” They added that NFTs might not come under their regulatory remit obviously, however that individuals that “cross the boundary from a collectible along with a financial asset” usually do.
Adoption news
- Payments solution provider Checkout.com announced a stablecoin settlement solution, leveraging a crypto payment technology by digital asset platform Fireblocks. In the beginning, Checkout.com’s stablecoin settlement supports USD gold coin (USDC) with intends to expand to some wider selection of assets with time.
Career news
- The Bank for Worldwide Settlements (BIS) has hired Cecilia Skingsley, presently First Deputy Governor of Sveriges Riksbank, because the Mind from the BIS Innovation Hub. She’ll join on September 14 and can try to promote worldwide collaboration among central banks on innovative financial technology, they stated.
