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
- Major Ethereum (ETH)-focused blockchain company ConsenSys announced the launch of MetaMask Staking, a brand new feature directly incorporated within the MetaMask Portfolio dapp. “MetaMask Staking increases use of staking by permitting MetaMask users globally to stake crypto (ETH) with leading liquid staking providers, Lido and Rocket Pool,” stated an announcement. Through this latest feature, users compares the rewards rate, network control, and recognition of various liquid staking providers and select the main one they would like to stake with, it added.
- Société Générale, a French multinational investment bank and financial services company, minted $seven million like a loan of DAI in the stablecoin’s issuer MakerDAO on The month of january 12. The vault includes a debt ceiling of $$ 30 million, according to data aggregated by MakerBurn.
- Crypto payments company Wyre lifted its depositing freeze and 90% withdrawal limit after receiving financing from the proper partner. “This additional capital will let us still deliver on the pursuit to simplify and transform the worldwide financial ecosystem,” the organization announced on Twitter.
Legal news
- A crypto fraud network operating from Bulgaria, Cyprus, and Serbia continues to be dismantled through coordinated action using the active support of Eurojust and Europol, stated Eurojust, the ecu Union’s mix-border agency for fighting organized crime. “The network operated professionally to setup call centres, which defrauded numerous victims in Germany, Europe, Austria, Australia, and Canada not less than millions of euros,” it stated.
- An American federal district court in North Park purchased that more than $17 million in restitution be given to roughly 800 victims from over 40 different countries because of their investment losses within the massive BitConnect investment plan, which defrauded a large number of investors worldwide, announced the US Department of Justice (DoJ). “BitConnect operated a textbook Ponzi plan by having to pay earlier BitConnect investors with money from later investors,” it stated.
- Unsuccessful FTX exchange can put for purchase its European and Japanese units, along with the derivatives arm LedgerX and stock-clearing platform Embed, according for an order with a US judge. Purchase notices is going to be printed within three working days, with warning signs of interest to become received between The month of january 18 for Embed and Feb 1 for FTX Europe and Japan.
- Troubled crypto loan provider Nexo will sue Bulgaria for that actions from the police force government bodies against the organization, talking about the raids in the company’s offices in Sofia, the Bulgarian News Agency reported. The organization intends to seek compensation for damages brought on by the abrupt police interruption, it stated.
- The creditors from the Singapore-based troubled crypto loan provider Hodlnaut rejected the restructuring plan and like to liquidate the organization, reported Bloomberg. The creditors contended that restructuring plans aren’t useful and therefore are with immediate liquidation and distribution of remaining assets among creditors to maximise the rest of the value.
Security news
- Decentralized finance (DeFi) loan provider LendHub lost $six million of crypto within an attack, they reported on Friday. The attack happened on The month of january 12, and also the loan provider added it contacted blockchain security firms and crypto exchanges to help with tracking the stolen crypto.
CBDC news
- TASCOMBANK, a significant Ukrainian commercial bank, suggested utilizing blockchain technology after while using Stellar (XLM) network to have an electronic money pilot, an outstanding announcement stated. “The outcomes of the pilot project presented the openness from the bank’s infrastructure to blockchain solutions later on. JSC TASCOMBANK could offer an appropriate degree of financial services using blockchain assets, considering all regulatory needs,” stated Sergii Kholod, the very first Deputy Chairman from the Board of TASCOMBANK.
Metaverse news
- Domain and digital identity platform Unstoppable Domains announced a different way for connecting Web3 digital identity having a metaverse identity following integration with Ready Player Me, a mix-game avatar platform for that metaverse, stated the pr release. Users can link their custom Ready Player Me avatars like a PFP within their Unstoppable profile to allow them to own their digital identities in the real life towards the virtual world. Registered Ready Player Me users may also get a $50 credit to assert their own Web3 domain from Unstoppable Domains, it added.
