Crypto Market Highlights December 24th, 2021

Crypto Market Highlights December 24th, 2021. SWIFT tokenization, Binance integrates the auto-write function into the BNB protocol, B.Protocol raises another 2.2 million US dollars and many other highlights of the crypto market that have been compiled in the last 24 hours.

Crypto Market Highlights: Investment News

The B.Protocol cryptocurrency lending platform raised $ 2.2 million in a seed round led by crypto mutual fund 1kx involving The Spartan Group, Robot Ventures, Dovey Wan’s Primitive Ventures and others. BPRO tokens for investors will be gradually activated from a smart contract over a period of 4 years, according to an announcement by B.Protocol.

According to an announcement, the non-fungible token (NFT)-focused startup Arcade has $ 15 million in a Series A round with investments from Pantera Capital, Castle Island Ventures, Franklin Templeton, Quantstamp CEO Richard Ma and BlockFi CEO Zac Prince collected.

Crypto Market Highlights: Stock Market News

Binance Coin (BNB) “is more of a decentralized autonomous organizational structure (DAO) than an” Exchange “coin,” said Binance CEO Changpeng Zhao after Binance announced a new function integrated into the BNB protocol. The company says that quarterly burning will be replaced with BNB Auto-Burn to provide more transparency and predictability for the BNB community.

Coinbase said it will work with software company Enfusion’s Order Execution Management System to enable institutional clients with Coinbase Prime accounts to trade seamlessly through Enfusion’s platform.

Decentralized Exchange (DEX) Uniswap (UNI) was made available in the Ethereum (ETH) Polygon Layer 2 (MATIC) network, according to a blog post by Polygon.

Crypto Market Highlights: New Product and Service News

• Remittance giant SWIFT is planning a study in the first quarter of 2022 to investigate how it can support “interoperability in the development of the crypto asset market,” according to an announcement by the company Cointelegraph. They added that these tests use both established means of payment and central bank digital currencies.
• Pavel Durov, co-founder and CEO of popular messaging app Telegram, said he was proud that Telegram Open Network (TON) technology was still in development, even after the Telegram project was officially abandoned last year, and called the project “the next many years”. from everything else on the blockchain. The comment came when Donate, a Telegram verified payment service provider, said it would allow donations through Telegram using the Toncoin cryptocurrency.
• Accepting crypto payments gives companies a competitive advantage, according to respondents to a survey by crypto payments company Mercuryo. In addition, 68% of respondents said the fees for B2B transactions are too high and “it is time to change the industry,” the company said.
• Decentralized App Store (dapp) DappRadar wants to expand its business-to-consumer dapp store to include business partners. The announcement comes after the company switched to a more decentralized model last week and launched its own RADAR token.

Crypto Market Highlights: General News

Sandbox, a subsidiary of Hong Kong-based mobile game maker Animoca Brands, announced that consulting firm PwC Hong Kong has acquired a LAND location in The Sandbox supermarket. “This makes PwC Hong Kong the first member of an internationally recognized professional service network and the first member company of the global PwC network to publicly join The Sandbox,” the statement said. (Learn More: How To Buy Virtual Land In Metaverse: A Beginner’s Guide).

Crypto Market Highlights: Regulatory News

▶ As reported by Nikkei, the Monetary Authority of Singapore (MAS) has lifted exemptions for more than 100 companies operating in the cryptocurrency sector in the city-state. Many companies are said to have applied for a license to offer “digital payment tokenization services”, but then see their applications rejected or withdrawn, writes Nikkei.

▶ The US Securities and Exchange Commission (SEC) has rejected the Kryptoin investment firm’s proposal for a Bitcoin (BTC) Spot Exchange Traded Fund (ETF). The rejection comes after the regulator rejected a similar proposal from VanEck last month. So far, only Bitcoin futures ETFs have been approved by the SEC.

▶ Wyoming Republican Senator Cynthia Lummis, one of the staunchest proponents of the crypto industry in Congress, plans to come up with a comprehensive bill next year that will cover everything from taxation and classification of digital assets to consumer protection, Bloomberg reported.

Crypto Market Highlights: Legal News

A Canadian teenager is wanted by police for allegedly stealing $ 16 million raised when he found a mine fall in a DeFi Protocol (DeFi Protocol) in October, according to several media reports December 22nd, according to several media reports Court appear.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.