Get your daily, bite-sized roundup of cryptoasset- and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.*
Adoption News
MetaMask Institutional, the decentralized finance (DeFi) gateway for funds, has announced strategic partnerships with custodian banks BitGo, Qredo and Cactus Custody. They said that each of these strategic partnerships caters to different needs of organizations, from small crypto startups and decentralized autonomous organizations (DAOs) to multi-billion dollar crypto funds.
Digital asset financial services provider Arab Bank Switzerland has announced that it has selected Tezos (XTZ) for its digital on-chain financial products. The bank has introduced institutional storage, staking and trading services for XTZ.
The American cinema chain AMC Theatres has announced that it now accepts Dogecoin (DOGE) among other selected cryptocurrencies as a payment option for its digital gift cards. They added that customers can buy up to $200 gift cards per day through their website, mobile app, and in theaters with a BitPay wallet.
The Liquid Network has undergone a hard fork and is now fully functional after an issue occurred that put the scheduled fork back a while, Blockstream announced. They added that the patch to fix the problem took about 22 hours.
The financial service provider Tangany has received a license for the crypto custody business from the Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in Germany. In addition, the company plans to apply for further licenses in Germany and Europe in the future.
Ethereum (ETH)-based decentralized blogging protocol Mirror has opened its doors to everyone, rather than just those who would earn enough votes in Mirror’s weekly writing race. The protocol allows users to log in and “sign” posts with an Ethereum wallet, and it uses the blockchain-based storage protocol Arweave to “permanently” secure posts and increase their censorship resistance.
Investment News
Crypto Marketplace Easy Crypto has secured NZD 17m (USD) from a number of investors in an offer that was oversubscribed according to RNZ. The team said the funds had given it the necessary firepower to expand the product range and establish itself in new markets such as the Philippines and Indonesia.
Asset management firm Arca has announced the launch of its first venture-focused fund, the Arca Endeavor Fund, which will focus on investing in innovative founders in various segments of the digital asset ecosystem. The fund was oversubscribed above its USD 30m cap and has already made several initial investments.
Globant, a digital native technology services company, has acquired Atix Labs, a professional services company specializing in blockchain. Founded in Argentina in 2013, Atix Labs has offices in the United States, Argentina and Uruguay, as well as a “solid project pipeline” with Fortune 500 clients, top global players in the crypto phase.
Exchange news
Binance has registered three more firms in Ireland within the last 10 days, according to the Independent. The companies – Binance (APAC) Holdings, Binance (services) Holdings and Binance Technologies — were all founded on September 27 and list Changpeng Zhao as a director.
Decentralized exchange (DEX) swarm markets is now available to the general public, the team announced. Swarm Markets operates under the supervision of BaFin in Germany, and both retail and institutional investors can trade securities on the platform in addition to crypto.
Stock exchange Deutsche Börse plans to introduce a fully digital post-trade platform, D7, that is compliant with regulations and anchored in the recently introduced German Digital Securities Law Framework, which will enable market participants to digitize their financial products. From mid-2022, more than 80% of German securities will be digitizable via D7, it said.
