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Crypto market highlights on December 11th, 2021

Solana’s Opera, IOTA hit $ 100 million, Gemini Down, etc. In the past 24 hours, many highlights of the crypto market have been compiled.

Crypto Market Highlights: New Product and Service News

Florida Governor Ron DeSantis has proposed a program that would allow companies to pay government fees in digital currency as part of a series of cryptocurrency-related proposals to be added to the state budget for next year. , so Bloomberg. The state can also launch pilot programs to investigate the use of blockchain technology for vehicle titles and Medicaid payments.

According to Bloomberg, European Central Bank board member Fabio Panetta said cryptocurrencies are showing no signs of benefiting society or the economy as a whole. He argued that there is no evidence that cryptocurrencies performed or performed socially or economically useful functions.

The web browser Opera is working with Solana Labs to integrate Solana (SOL) and to support Solana-dapps (decentralized applications) to be integrated into Opera for Android by the first quarter of 2022, “said the company.

Crypto Market Highlights: Investment News

Scalable multi-chain network for assembly smart contracts developed by IOTA (MIOTA) says its first contributors raised $ 100 million in a funding round led by LD Capital and market leader Huobi Ventures. The funds will be used to accelerate the development of the ecosystem while encouraging project teams to reach out to individual funds directly or to the Assembly team for funding.

DeFi exchange Slingshot has raised $ 15 million in a Series A funding round led by Ribbit Capital. The funds will be used to launch the mobile app as well as additional blockchain coverage and new trading features.

Web 3.0 talent network Braintrust raised $ 100 million in a private token sale. The aim of the project is to network companies with specialists in the Web 3.0 area.

The Rainmaker Guild Play-to-Ear (P2E) project has announced that it has raised $ 6.5 million in a seed funding round, according to VentureBeat. The platform enables users to “seamlessly play hundreds of P2E games, explore in-game content, receive coaching from top global players, connect with Rainmaker worldwide, and access the innovative NFT credit and credit market to have”.

Yield Guild Games Southeast Asia (YGG SEA), the regionally oriented SubDAO of the decentralized blockchain gaming organization Yield Guild Games (YGG), has raised 15 million US dollars in two donation rounds. This funding will enable YGG SEA to provide a targeted product to the gaming community in the region, with the clan focused on supporting locally developed monetized games and acquiring game assets for the benefit of the clan’s player base, they added.

Cryptocurrency startup Palm NFT Studio announced a $ 27 million Series B funding round led by Microsoft’s M12 venture fund. The raise will allow the team to scale Palm NFT Studio’s technology platform and make it available to third parties who wish to use NFT projects in films, games, music and the arts in compliance with legal regulations and environmental sustainability.

The Liquidity Aggregation Router Protocol Crosschain raised $ 4.1 million in its second round of funding. The money will be used to further develop the router protocol and expand its marketing and research activities, they added.

Crypto Market Highlights: Stock Market News

Twins fell for at least a couple of hours around 7:30 am EST. “All customer accounts and funds remain completely safe,” said the exchange, suggesting that their status page be monitored.

Three of South Korea’s “Big Four Crypto Exchanges” – Korbit, Coinone and Bithumb – will all begin approving the Financial Task Force’s own travel rule next month, which will come into effect before the government’s guidelines on the matter go into effect this spring to step. According to Newssis, the trio will launch a jointly developed platform called Code in January to effectively eliminate anonymous trading. A few weeks later, the market-leading exchange, Upbit, plans to present its own travel rules solution, which is developed by one of its subsidiaries and called VerifyVASP.

The Norwegian stock exchange Oslo Børs, the parent company of the Euronext Growth exchange, has decided to add the Norwegian block exchange to trading after the company applied for a listing on Euronext Growth. The first trading day is planned for December 14, 2021.

A new survey by the crypto platform CoinList shows that their users expect games to be the most requested category by 2022. 56.5% of respondents said that playing games was their preferred investment category on CoinList. Other top claims include decentralized financing (DeFi) (52.1%) and non-fungible tokens (NFT) (41.6%), while infrastructure (28.3%), social tokens (22.8%) and Governance (16.2%) were less popular.

Crypto Market Highlights: Regulatory News

Clem Agba, Nigeria’s minister of budget and national planning, is calling for regulations to encourage, rather than stifle, opportunities from the widespread use of digital technologies, according to Bloomberg. He added that the uncertainty surrounding the regulation of cryptocurrencies could prevent governments and citizens from maximizing the technology’s opportunities.

The South African financial regulator plans to announce a regulatory framework for cryptocurrencies early next year to “protect vulnerable members of society from high-risk assets,” “reported Bloomberg, citing FSCA Commissioner Unathi Kamlana. The rules, which were developed taking into account peer-to-peer agencies such as data protection authorities and financial regulators, determine how transactions should be carried out, according to the report.

Crypto Market Highlights: Legal News

US District Judge John Cronan has selected a Hong Kong couple to initiate a securities fraud case against Bitcoin (BTC) mining equipment maker Canaan Inc. They allegedly lost the most money, about $ 1.3 million as the share price of Canaan fell 30% after the company announced its fourth quarter and fiscal 2020 results in April, according to Reuters. However, they submitted information in support of their class leadership movement two weeks late, causing several other wounded parties to decline their appointment.

The U.S. District Court for the South District of New York found Glenn Arcaro and his company Future Money Ltd. convicted of promoting BitConnect’s “loan program”. The judgments order them to pay extraordinary interest, interest and civil penalties, if the court so requests, in an amount to be determined by the court at a later date.

Sources: Coincu

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Disclaimer: This article is for informational purposes only, not investment advice. Investor should research carefully before making decision. We are not responsible for your investment decision

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