Ripple has partnered with Palau, 74 Japanese companies to issue the digital yen, and many other crypto market highlights compiled over the past 24 hours.

Crypto Market Highlights: Investment News

Australia’s remainder Super Superannuation Fund intends to invest in cryptocurrencies “with caution and with caution”. The company’s chief investment officer Andrew Lill said that making cryptocurrency and blockchain technology available to members could be a “stable source of value” at a time when investors flocked to cryptocurrencies to hedge against fiat inflation.

Monetization entertainment company Avocado Guild raised $ 18 million in Series A run by Animoca Brands and QCP Soteria Node.

The non-profit Swiss Blockchain-ORIGYN Foundation has announced that it has raised US $ 20 million in a financing round to increase the company’s valuation to US $ 300 million. One of the investors participating in the round is Hilton’s heir, Paris Hilton, while the funding will be used to further expand the company.

DAO Decentralized Finance Projects (DeFi) Incubator New Order raised $ 4 million to bring its product to market. The DAO will start in early December and several incubated projects will be announced in the coming months.

Crypto Market Highlights: News on New Products and Services

Ripple (XRP) has announced a partnership with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL). The partnership will initially focus on the development of cross-border payment strategies and a USD-backed digital currency for Palau, where a government-supported national stablecoin could be implemented in the first half of 2022, which Ripple Palau will provide with technical and business aspects, Design and political support.

The secretariat of the consortium of 74 Japanese companies plans to issue a digital yen by the end of 2022, which will function similarly to bank deposits, DeCurret, the group’s secretariat, said in a statement. A white paper and progress report were released on Wednesday.

The US cinema chain Regal Cinemas has teamed up with the digital payment platform Flexa to offer cryptocurrency payments for tickets and confectionery. They accept Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC) and others.

According to CNBC, the online payment company Stripe is not ruling out accepting cryptocurrencies as a means of payment in the future. However, it won’t happen anytime soon, he added.

The team behind the Floki Inu token has signed a sponsorship deal with Italian football giant SSC Napoli. Thanks to this agreement, the Floki Inu logo, which depicts a Shiba Inu dog wearing a Viking helmet, will appear on the back of the Napolis jersey and on LED signs around the team’s home stadium for the remainder of the season.

Crypto Market Highlights: Political News

Cryptocurrency entrepreneur Brock Pierce said he was returning to politics and filed an “organizational statement” with the US federal election commission. He is considering running for the seat of outgoing Senator Patrick Leahy, adding that he can begin raising campaign funds with the motion filing.

Crypto Market Highlights: Legal News

The Australian Securities and Investments Commission (ASIC) is trying to gain access to up to $ 29 million (equivalent to $ 21 million) of BTC stored in the cold wallet of a suspected Gold Coast resident, reported the Sydney Morning Herald. ASIC claims Aryn Hala attracted dozens of investors with the promise of over 20% annual investment return while using the victim’s funds for personal ends.

Crypto Market Highlights: Regulatory News

U.S. banking authorities have set an agenda on how to begin the issue of oversight of the cryptocurrency industry, according to a joint statement released on Tuesday. , crypto-backed loans and the possibility of capital standards for the sector. While the announcement does not affect current regulations, a number of issues that officials want to clarify over the next year will regulate how authorities can regulate the crypto industry in their dealings.

Crypto Market Highlights: Security News

The game software and VC company Animoca Brands has an update on the Phantom Galaxies Discord server hack from 19. m), details will be announced shortly. However, they added that there is no evidence that the smart contract was compromised and that no funds were stolen from the game or the game’s developer and publisher.

Crypto Market Highlights: NFT’s News

Non-fungible Token Platform (NFT) OpenSea and auction house Christie’s have announced a partnership to auction a range of non-fungible tokens for art collectors around the world. NFT is led by Christie’s Specialist and Head of Digital and Online Sales Noah Davis, Crypto Collector and Curator Ronnie Pirovino, who is responsible for the current digital media platform. The auction will open for approval from December 1st to 3rd on OpenSea. You can submit bids from December 4th to 7th.

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