Okcoin’s $165M Bitcoin Plan, Binance Goals, Crypto Lobbying, and More News

Okcoin's $165M Bitcoin Plan, Binance Goals, Crypto Lobbying, and More News

Source: AdobeStock / Сергей Шиманович

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.


Investment News

  • okcoins noted he associated with pile foundation and venture capital partners for their new effort, Bitcoin Odysseyand pledged $165 million for projects developing decentralized applications on Bitcoin (BTC) and Batteryan open-source blockchain network that leverages Bitcoin’s security and capital.
  • Blockchain Technology Solution Provider StarkWave raises new funds for a valuation of 6 billion dollars, by Calcium Tech. The round is still not closed and will likely be at least $100 million, they added.
  • the HBAR Foundationan organization that powers the development of the Hedera Ecosystem (HBAR), announced the launch of its investment of over $100 million Sustainable Impact Fund (SIF) “to globally develop the sustainable economy on Hedera.” The SIF will provide grants for solutions that work to address fundamental climate accounting issues for participants in the sustainable economy, including projects focused on carbon emissions, offsets, and removals, as well as other nature-based projects, they added.
  • Investment platform public says he has bought fractional investment company Otis for an undisclosed amount. The public platform will now offer a place where people can invest in any fractional asset, including NFTs, stocks and crypto, they added.
  • DeFi Protocol Cega announcement it raised a $4.3 million seed round led by Dragonfly Capital Partners. The funds will be used to accelerate the development of Cega’s technology, they added.
  • fintech Lunar announcement it raised €70 million ($77.1 million) in a Series D-2 funding round, bringing the Series D total to €280 million ($308.4 million) . The new funding will help them keep up with their northern expansion, they added.
  • the National Bank of Romania approved the acquisition of Twispay per blockchain architecture project Elrond (EGLD). Twispay is a financial institution authorized to provide payment services and issue electronic money in accordance with the legislation in force and with the authorization received from the Central Bank.
  • Blockchain infrastructure platform Paxos (PAX) announcement it received approval in principle from the Monetary Authority of Singapore (MAS) to operate digital payment token services under the Payment Services Act 2019. Paxos is now able to offer its digital asset and blockchain products and services to customers domiciled in Singapore.

Trade news

  • Binance seeks to identify and invest in one or two targets in each economic sector, such as retail, e-commerce and gaming, and try to integrate them into crypto, the Financial Times reported, citing CEO Changpeng Zhao. Zhao sees the company creating the infrastructure to integrate digital assets into existing industries, according to the report.
  • Bullish announcement that in February 2022, average daily trading volume on the exchange was $213 million and annualized monthly trading revenue was $97 million. They add that the total trading volume on the exchange has reached $14 billion since it opened in November 2021.
  • Decentralized exchange developer dYdX (DYDX) announcement the launch of its iOS application in beta version for which users can register on a waiting list.

Regulatory News

  • The number of crypto lobbyists increased from 115 in 2018 to 320 in 2021, while lobbying expenditures increased from $2.2 million in 2018 to $9 million in 2021, according to to a report by a consumer protection organization public citizen. The biggest lobby spenders in the crypto industry were Coinbase, Ripple Labsand Blockchain Associationeach of whom spent more than $2 million on lobbying between 2018 and 2021, the report adds.
  • The United Arab Emirates (UAE) approved the Virtual Assets Law and established the Dubai Virtual Assets Regulatory Authority, according to to a tweet from Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE). The new watchdog is responsible for organizing the issuance and trading of virtual assets and tokens, authorizing virtual asset service providers, as well as preventing price manipulation, among other tasks.

Adoption News

  • Web browser Opera announcement the integration of the blockchain transaction protocol FIO protocol in its Android browser, allowing its users to send and receive any type of crypto using a human-readable wallet address. Users can request FIO addresses for free through Opera’s built-in crypto wallet.
  • Cryptography software platform Exodus in 2021 reported fourth quarter revenue of $26.4 million, a 247% year-over-year increase from the fourth quarter of 2020, and full-year revenue of $95.8 million, or an increase of 350% compared to 2020.

Banking news

  • the USDF Consortiuman association made up of members Federal Deposit Insurance Corporation FDIC insured banks, announcement than three other banks — Amerant Bank, ConnectOne Bankand Primis Bank — joined its network, with further growth expected through 2022 and beyond.

Legal news

  • Samuel Reed, one of the founders of the BitMEX Exchange, pleaded guilty to violating the Bank Secrecy Act by willfully failing to establish, implement and maintain an anti-money laundering program at BitMEX, USA justice department announcement. Violation of this law is punishable by a maximum penalty of 5 years in prison.

NFT news

  • Music platform Lime wire reincarnated as NFT marketplace, Bloomberg reported. Austrian brothers Paul and Julian Zehetmayr said they hoped to use LimeWire fame in the early 2000s to attract users to their new cryptosphere platform, with the two having spent most of the last year acquiring various parts of the LimeWire brand on a regular basis.
  • Ripple announced “the first independent creators” to receive funding for their NFT projects through Ripple’s $250 million Creator Fund. Among them are Justin Bua, an award-winning artist, author, producer and entrepreneur; xPunks, “which transformed the NFT ecosystem”; and award-winning artist, filmmaker and photo-scientist Steven Sebring, they noted.
  • Crypto exchange dropped his NFT collection featuring basketball star LeBron James to fans who found the QR code hidden in his ad showing young James about to make the fateful decision to skip college and go to the League. Additionally, James filed four trademark applications for the terms LEBRON JAMES, LEBRON, CHOSEN1, and KING JAMES for NFTs and Crypto Collectibles, Virtual Basketball Courts, and Footwear, Apparel, Sporting Equipment, and Sports Equipment. virtual furnishing, by trademark lawyer Mike Kondoudis.

Game News

  • game company Unsuitable game announced that it had selected the Tezos (XTZ) blockchain platform as its official blockchain under a multi-year technical partnership. The deal will include branding and sponsorship rights, integrated business practices and community building content, as well as the launch pad for Misfits Gaming Group’s new blockchain gaming platform. block born.