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Near Raises USD 150M, Pakistan’s Central Bank vs. Crypto, Bitstamp’s Growth Plan + More News

Near Raises USD 150M, Pakistan
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Get a small daily digest of crypto-asset and blockchain news – investigate the stories that are flying under the radar of crypto news today.


investment news

  • The nearby “High Performance Blockchain” (NEAR) protocol said it has raised $150 million in its latest funding round, led by Three equity shares With participation from many original crypto boxes including capital mechanismAnd Dragon Fly CapitalAnd a16z, among other things. The tour also featured several top angels including Alan Howard, Santiago Santos, and Aave (AAVE) founder Stanny Kuleshoff. “The funding will be used to accelerate adoption of Web3 technologies through ecosystem funding, development of regional hubs for NEAR and increased brand awareness, and projects built on NEAR and its global community for new audiences,” the team said.
  • Start encryption services Zero Hash She announced that she had raised $105 million in her Series D fundraising round. The company said it will use the proceeds from the round to further expand its compliance, marketing, product and engineering teams.
  • Issuer of Exchange Traded Funds (ETF) Simplify asset management Apply to launch Simplify Volt Web3 ETF, which will trade under the WIII index. WIII will invest up to 10% of its total assets in grayscale Bitcoin Trust (GBTC) and will also use an options strategy to hedge against risk.

Regulation News

  • the State Bank of Pakistan (SBP) has recommended a ban on cryptocurrency, arguing in documents filed in an ongoing court case that allowing it could cause capital flight, Reuters reports. The central bank indicated that all cryptocurrencies were issued outside Pakistan, and that Pakistani residents who purchased such tokens would send their capital abroad.
  • A bipartisan group of lawmakers charged with overseeing the United States Commodity Futures Trading Commission The CFTC has asked newly approved Chairman Rustin Behnam to provide guidance on crypto assets and the agency’s role in regulating them. Questions include the size and scope of the crypto markets, crypto crime, how it differs from crime in traditional financial markets, and the CFTC’s authority to “protect customers and ensure market integrity.”
  • crypto custodian Xapo It has given up its own BitLicense, which it first acquired in 2018, according to New York Financial Services Department (NYDFS), USA. She didn’t say why the company did this, but relinquishing the license was Xapo’s decision.

news exchange

  • bit stamp It is considering entering new markets such as stocks, non-fungible tokens, and crypto derivatives, according to Bobby Zagota, CEO of Bitstamp USA Inc. , told Bloomberg, citing “significant investments” in these areas and the advantage of keeping users on the platform for trades across asset classes.
  • Twins announced the acquisition of Petria, formerly known as Blockchange Inc. It is a digital asset portfolio management platform designed for wealth and asset managers. “The integration of BITRIA technology with Gemini’s custody and exchange capabilities provides advisors with access to the entire cryptocurrency ecosystem and the ability to manage their clients’ wallets from a single interface,” the exchange said.
  • latin american exchange Noun He became the first cryptocurrency sponsor for the Mexican national team, called Mexican soccer selection. The team will work with Bitso to offer crypto education opportunities in Mexico and also develop a series of NFTs that the exchange will distribute.

CBDCs News

  • the House of Lords Economic Affairs Committee It has raised concerns in a new report that a British central bank digital currency (CBDC) project could threaten the stability of the banking system and injects the central bank into contentious discussions about privacy. “The concept seems to present too much risk for too little reward,” they said.
  • the Bank of Israel It expands its research into digital central bank currencies, but its rollout remains hypothetical given questions ranging from the cost of the token to the impact on the banking system, Bloomberg reported, citing Yoav Sofer, head of the bank’s Digital Shekel project.

Blockchain and DLT News

  • Solana (SOL) could take market share from Ethereum (ETH) thanks to its premium design, according to Business Insider, citing American bank Kish Shah analyst.
  • the corn Enterprise He said he had been selected to compete with four other projects in the second of three rounds of the EU blockchain pre-commercial procurement process. This follows the first phase, in which the IOTA Foundation and six other projects were selected from among more than 35 applicants.
  • Web3.0 Community Innovation Festival ethdenever It returns from February 11-20, 2022 and is set to gather over 5,000 people and 30,000+ virtual attendees including thousands of hackathon participants who will compete for over $1 million USD in prizes and prizes, as well as up to $2 million USD. in venture capital. The event focused on Ethereum is free to attend and will be run live and virtual.

NFTs News

  • backed by china Blockchain Services Network The infrastructure will be introduced this month to support non-fungible tokens (NFTs), the South China Morning Post (SCMP) reported. He Yifan, CEO of red date techniqueSCMP, which provides technical support for BSN, told SCMP that the non-fungible tokens “have no legal issue in China” as long as they have nothing to do with cryptocurrency groups.

Web3 News

  • DeFi AllianceWeb3 startup accelerator is now DAO . Alliance (Decentralized Independent Organization), “The world’s first emerging digital country, accelerating the best Web3 startups.” Over the coming months, they added, the alliance will begin to take shape.

legal news

  • Software engineer Joseph Kent has filed a class action lawsuit in New York federal court against a decentralized finance (DeFi) service called gather together, which describes itself as a “no-loss prize game” and motivates users to save their crypto assets by giving them a chance to win prizes from the interest generated by the money raised, according to the Wall Street Journal. The lawsuit challenges the legality of the PoolTogether operation, saying that the scheme is essentially a lottery and is prohibited by New York law.

Career News

  • crypto company GSR previously appointed Citadel Securities Brokerage Managing Director John MacDonald as Chief Technology Officer (CTO).
  • Cryptocurrency exchange BitMEX Marcus Hughes has been appointed Chief Risk Officer, who will also serve on the Executive Board.

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