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State Street’s Crypto Custody, $100M DeFi Cake, Binance’s SEPA and More News

State Street's Crypto Custody, $100M DeFi Cake, Binance's SEPA and More News

Source: Adobe/manyakotic

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

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Investment News

  • American financial giant State Street Society noted that its numerical division, Digital street statewill benefit Copper.coto develop and launch an institutional-grade digital custody offering.
  • Blockchain infrastructure company blockdaemon announcement he acquired a cryptographic application programming interface (API) company Gem for an undisclosed amount. Blockdaemon will integrate Gem’s embeddable UI flows and API, which is expected to allow users to purchase over 40 crypto-assets from 125 countries through the company’s Onramp service.
  • blockchain protocol ChainZeta announcement the deployment of their devnet and the closing of a first round of seed funding of an undisclosed value. The project aims to create “omnichain-dapps”, or “odapps”, capable of interacting with all blockchains at a native level, while avoiding the need to wrap or link assets.
  • Open wallet-to-dapp protocol Wallet Connect raised $11 million in Series A funding round co-led by USV and 1kx to scale wallet interoperability and develop a generalized messaging layer. The funds will be used to focus on transforming the decentralized Web3 messaging layer, they added.
  • Multi-Chain Automated Market Maker (AMM) Bridge Swimming Protocol announcement it raised $4 million in seed funding led by Pantera Capital. The seed funding will help Swim Protocol accelerate the company’s go-to-market strategy in areas including marketing, community management and branding, they said.
  • Finance company Likvidi announced the launch of its carbon trading platform and carbon credits, which are equivalent to one ton of carbon removed from the atmosphere. This gives the holder the ability to buy, trade and offset carbon credits to achieve net zero status, they said.

DeFi News

  • DeFi Project DeFi Cake launched a $100 million venture capital arm called Cake DeFi Ventures (CDV) and is committed to accelerating the growth of tech companies, with a focus on investing in web3, game, and startup startups. of fintech.
  • COTI announcement that in 2022, it will open up to issuing more tokens on top of its proprietary Trustchain service using the MultiDAG 2.0 layer, which provides it with multi-currency capabilities. The layer will allow the project to launch multiple tokens such as a governance token for COTI treasury, the first enterprise token, a payment token on top of the Trustchain, and more, they added.

Trade news

  • Binance noted that it has fully reopened deposits and withdrawals in EUR and GBP respectively through the SEPA payment network (SEPA) and Faster payment services (FPS) in partnership with the provider paysafe from Monday 7 March. Binance retail users across Europe, excluding the Netherlands and Switzerland, will be able to transfer EUR directly through SEPA.
  • Too, Binance Holdings Ltd. is in talks on a license to operate in Dubai, Bloomberg reported, citing an undisclosed person familiar with the matter. The company is in talks with Dubai World Mall free zone for a virtual asset service provider license, according to the report.
  • FTX spear FTX Access. It will initially offer advisory services, index products, trade execution, analytical tools and capital introductions for institutional investors. FTX Access will then further explore offering custody, derivatives, structured products and other asset management products, they added.

NFT news

  • Open Protocol 0x (ZRX) has announced that its NFT exchange standard has been implemented on a number of new chains following integration on the Ethereum (ETH) mainnet.

Web3 News

  • Digital identity platform Unstoppable Domains announcement it has partnered with 70 Web2 and Web3 companies to form the “Unstoppable Women of Web3” initiative, which is a diversity and education group focused on nurturing the next generation of talent, with a mission to equalize the rules of the game at the start of the Web3 era, they said. Additionally, Unstoppable Domains will distribute over $10 million worth of NFT domains to support women on their Web3 journey.

Legal news

  • United States Security and Exchange Commission (SECOND) announcement he accused siblings John and JonAtina (Tina) Barksdale of defrauding thousands of retail investors out of more than $24 million through two fraudulent unregistered securities offerings involving a digital token called “Ormeus Coin” from June 2017 to present. The watchdog added that it was seeking an injunction, reimbursement plus interest and civil penalties.
  • United States justice department (MJ) charged Dwayne Golden, Gregory Aggesen and Marquis Demacking Egerton, the owners and operators of the virtual currency companies EmpowerCoin, ECoinPlusand Jet Coin, with conspiracy to commit wire fraud and money laundering, and related substantive counts. If found guilty, the defendants face up to 20 years in prison.