Investment News
The Stellar Development Foundation invested in payments provider MoneyGram International, using funds from its cash treasury. This marks the first investment of its kind from the foundation.
ZetaChain, a layer-one blockchain, raised $27 million in equity funding. The platform aims to simplify asset and data management across multiple blockchains.
Metaverse News
adidas Originals and BAPE teamed up to release a limited-edition sneaker. The sneakers will be auctioned off and paired with an NFT version, with the holders of the NFT able to redeem the physical pair.
Career News
Silvergate Bank’s CEO, chief legal officer, and chief financial officer are leaving the company as part of its plan to wind down operations and liquidate.
Banking News
Kapital Bank and Ravnaq Bank in Uzbekistan received approval to participate in the digital sandbox of crypto regulation. The banks will issue crypto cards called UzNEX.
Payments News
MoonPay Technology Services Limited received approval from the Central Bank of Ireland to provide virtual asset exchange services.
Exchange News
SIX Digital Exchange became the first DLT-based financial market infrastructure to adopt the ISO 24165 DTI standard, which provides a unique identifier for digital assets.
Security News
The lending project SwirlLend allegedly executed an exit scam, taking $460,000 in user deposits.
Hot Take
The Stellar Development Foundation’s investment in MoneyGram International shows the growing importance of blockchain technology in the payments industry. The collaboration between adidas Originals and BAPE highlights the integration of NFTs into the world of fashion. However, the exit scam by SwirlLend serves as a reminder of the risks associated with the crypto space.
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