BitOasis partners with Mastercard, Gate.io signs MOU with Busan, Seba launches NFT storage hosting platform

Source: AdobeStock / Busan Drones

Get your daily bite-sized digest of cryptoassets and blockchain-related news – investigating what’s under the radar of today’s crypto news.
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Payment News

  • Cryptocurrency platform BitOasis and payments giant Mastercard have partnered to launch a series of cryptocurrency card programs in the Middle East and North Africa (MENA) region that will facilitate the everyday use of cryptocurrencies at point-of-sale and e-commerce platforms, the press release said. It added that BitOasis customers will be able to convert their crypto assets into fiat currency, allowing them to shop and pay at more than 90 million merchant locations around the world. The first BitOasis cards are expected to launch in early 2023 in regulatory-approved markets.

Exchange News

  • Gate.io announced the signing of a Memorandum of Understanding (MoU) with the city of Busan, South Korea. According to the press release, the agreement requires Gate.io to work with the Busan Metropolitan City Government to jointly develop blockchain infrastructure. The exchange also plans to expand its South Korean operations beyond Busan.

NFT News

  • Swiss cryptocurrency-focused bank Seba has launched a regulated custody platform that allows its clients to store non-fungible tokens (NFTs). The company said the NFT custody solution enables Bank Seba’s retail and institutional clients to store any Ethereum (ETH)-based NFT, including Bored Apes, CryptoPunks and Clone X.

Web3 News

  • European cryptocurrency development shop BoostyLabs and Hypra VC Fund have launched a joint venture studio for early Web3 projects. The program is also supported by CLUST Venture Builder. According to a press release shared with 0xzx.com, all of the studio’s founding partners are well-known Ukrainian investors and entrepreneurs. “We’re looking for ambitious founders from Ukraine and around the world to build Web3 together. I’m especially proud of our investments in Ukrainian entrepreneurs. Our country is leading crypto adoption despite the ravages of all-out war,” Hypra managing partner Igor Pertsiia said.

Regulatory News

  • Hong Kong-based cryptocurrency investment firm Q9 Capital has received provisional virtual asset approval from the Dubai Virtual Assets Regulatory Authority (VARA), Forkast reported. The approval allows Q9 to offer a range of approved cryptocurrency services and products while the Dubai cryptocurrency regulator reviews its full license application.
  • Cryptocurrency transactions will be taxed in Australia as assets and no longer as foreign currencies, according to budget documents for 2022-23. Existing cryptocurrency profits tax discounts apply. Any government-issued Crypto currency or central bank Crypto currency (CBDC) will continue to be taxed as foreign currency.

Blockchain News

  • The decentralized exchange on BNB Smart Chain PancakeSwap has announced its expansion to the Aptos blockchain, which is building the next-generation Layer 1 blockchain. According to the announcement, PancakeSwap will deploy fully functional PancakeSwap and CAKE tokens on Aptos, which will make CAKE multi-chain. It said all four key products (Swap, Farm, Pools and IFO) would be available by the end of November.

investment news

  • A16z’s cryptocurrency fund fell 40 percent in value in the first half of the year, The Wall Street Journal reported, citing people familiar with the matter. At the end of last year, its ROI was 10.6 times. To date, the company has invested more than $7.6 billion in cryptocurrencies and Web3 startups through four funds. According to Fortune, a16z participated in 26 cryptocurrency and blockchain VC deals in Q4 2021, 17 each in Q1 and Q2 2022, and seven in Q3.
  • Blockchain analytics firm Glassnode said it has acquired Accointing.com, a tax and portfolio tracking platform designed for cryptocurrency traders and investors. According to the announcement, Glassnode’s mission is to “ultimately build cryptocurrency’s leading market and portfolio intelligence platform that enables investors to compound and protect their Crypto assets.”
  • Decentralized protocol-to-protocol lending platform Iron Bank has established a strategic partnership to become the exclusive lending launch partner of the cross-chain infrastructure protocol LI.FI. “With Ethereum, Optimism, Fantom and Avalanche on Iron Bank with a total value locked (TVL) of over $195 million, the new integration of the LI.FI widget creates an easy-to-use user experience for users to connect assets directly to the marketplace They choose,” the press release said.
  • Upside, a Web3-focused investment Decentralized Autonomous Organization (DAO), has raised $5 million in funding to support Web3 startups with a focus on Australia. To that end, Upside DAO also announced the first recipients of its investment funds: Reservoir, PrePO, Mirror Planet and Astro Lab.

Source of information: Compiled from CRYPTONEWS by 0x information.The copyright belongs to the author and may not be reproduced without permission

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