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Cryptocurrency
Binance to Shut Down in Malaysia, Scales Down Derivatives in Europe
- The Malaysian Securities Commission has issued a notice ordering Binance to stop offering its services in the country.
- The exchange also revealed that its clients in Germany, Italy, and the Netherlands will no longer be able to open new futures and derivatives accounts.
Huobi Launches New Digital Asset Mining Platform
- Primepool will enable users to participate in the launch of new premium projects on Huobi.
- Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.
Synthetix Goes Live on Optimistic Ethereum L2
- During the initial testing phase, Synthetix exchanges will be enabled for sUSD, sBTC,sETH, and sLINK trading on Optimistic Ethereum L2.
- Optimistic Ethereum is set to bring significant improvements to Synthetix, including lower fees and better trade security.
State Street to Provide Private Clients with Crypto Administration Services
- State Street partnered with Lukka to use its reference and pricing data, as well as its middle and back office products, to power its new services.
- Using Lukka's products, the bank will be able to incorporate digital assets alongside private clients' other alternative investments.
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Okcoin Secures Crypto Licenses in Malta and the Netherlands
- The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
- The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.
Valora Separates from Celo, Raises $20M
- The mobile digital wallet built for the Celo network revealed it will be separating from its parent firm cLabs, and will now operate as an independent company.
- The new company also announced it has closed a $20 million Series A funding round led by Andreessen Horowitz.
Ripple Launches First On-Demand Liquidity Service in Japan
- SBI Remit has partnered with Coins.ph to facilitate remittance payments from Japan to the Philippines using Ripple.
- Ripple's ODL service will enable the companies to provide faster and more affordable remittance options.
Chainlink Price Feeds to Go Live on Cronos
- Crypto.com selected Chainlink as it has proven itself as one of the most reliable decentralised price oracles in the industry.
- Its price feeds will open up new use cases on Cronos, such as establishing exchange rates for tokenized assets, checking limit order conditions, and more.
Mastercard Onboards 7 Startups to its Start Path Program
- GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold have joined Mastercard's new Start Path program.
- The startups will leverage Mastercard's tools and network to address various pain points in the crypto and blockchain industries.
Block.one’s Bullish Exchange Launches Private Pilot Program
- The 7-week private pilot program will offer a select group of retail and institutional investors the opportunity to use Bullish.
- The exchange will feature a unique Hybrid Order Book, yield-earning Liquidity Pools, and top-notch security.
ZKSwap Launches V2 With Unlimited Token Listing, Custom Fee Tokens, and L2 Deployments
- ZKSwap is targeting a Layer-1 Ethereum mainnet launch on 28 July, with L2 deployments on BSC, HECO, and OEC to follow soon after.
- V2 will enable users to list any ERC-20 token and choose between 4 different tokens when paying withdrawal fees.
Shopify to Allow Direct Selling of NFTs
- The e-commerce company is now supporting the direct sale of NFTs for its merchants, though the offering will be limited for some time.
- The first merchant to use the new offering is the Chicago Bulls, which released a limited NFT collection representing its six championship rings.
Tether Executives Investigated for Bank Fraud
- "People with direct knowledge of the matter" told Bloomberg that Tether executives have received letters informing them of the investigation.
- The sources also revealed the Department of Justice was looking into a "conduct that occurred years ago, when Tether was in its more nascent stages".
Simplex Partners With Allpay to Launch Crypto Debit Card
- allpay.cards will provide Simplex users with a bespoke Visa debit card.
- The card will enable users to spend their cryptocurrencies anywhere Visa cards are accepted.