Voyager Limited, Binance Scores Ronaldo, New Bitcoin Bridge, ‘Brutal’ Singapore + More News

Cristiano Ronaldo. Source: Screenshot, Instagram / Christian

Get your daily summary of news related to cryptocurrencies and blockchains by researching the stories that pass under the radar of today’s cryptographic news.


Exchange news

  • Cryptographic proofreader Digital travel reduced its daily withdrawal limit to $ 10,000 from $ 25,000 after detailing its exposure to the distressed hedge fund Capital of three arrows earlier this week. The withdrawal limit update was made at 23:00 UTC on Wednesday, according to the website.
  • Hold on, a UK-based platform that offers cryptographic credit cards and digital assets, is closing its operation in Venezuela due to “the increasing complexity of complying with U.S. sanctions,” the company said. Commercial services in the country will be available until July 31 and accounts will be fully restricted from September 30.
  • of Canada Ontario Securities Commission (OSC) announced that a panel of the Capital Market Court approved a settlement agreement between the CSO and the cryptographic exchange Bybit for breaching Ontario securities law. In addition, the panel ordered monetary sanctions and a permanent ban on market share against cryptocurrency exchange KuCoin for the same reason.
  • Decentralized exchange dYdX announced dYdX V4, a new version of the protocol that will be developed as an autonomous blockchain based on Cosmos (ATOM), and which marks the total decentralization of the dYdX protocol. They added that they are planning the open source version later this year and will publish more information over the next year.

NFT News

  • Binance announced a multi-year NFT partnership with Portuguese football legend Cristiano Ronaldo, through which the platform will launch a global promotion with the aim of giving Ronaldo fans an introduction to the web3 and an entry point to the NFT. Binance and Ronaldo will create a series of NFT collections for sale exclusively on the Binance NFT platform, being the first to be launched later this year.
  • Online shopping giant Shopify is release Showcases with NFT closure as a new feature for brands looking to make their stores more exclusive. The store is currently in beta, and only those with existing NFT collections can request early access.
  • Luxury brand Gucci inaugurated the gallery Vault Art Space in partnership with NFT marketplace Superraro. The debut exhibition, The next 100 years of Guccipresents a selection of NFT artwork, each a collectible fragment of Gucci’s heritage, which will be displayed and auctioned directly on Vault’s website in three installments between June 23 and July 29.
  • Decentralized lending and participation protocol Parallel finance announced the release of his Omni NFT money market at Ethereum (ETH), which is intended to provide loan and borrowing services for various Ethereum blockchain assets.
  • USA National Hockey League Players Association (NHLPA), o National Hockey League (NHL), o National Hockey League Alumni Association (NHLAA) and NFT platform Candy announced a multi-year partnership that named Sweet the NFT’s Official Digital Collectibles Market and an official NFT partner for the NHL, NHLPA and NHLAA. With a release scheduled for the start of the 2022-23 NHL season, the standalone NHL platform will feature NFTs related to the history of the sport.

Blockchains News

  • The Avalanche Bridge, which enables asset transfers between the Ethereum and Avalanche (AVAX) blockchain networks, has announced BTC Bridge, which offers support for connecting native bitcoins (BTC) to Avalanche via the Avalanche bridge. They also warn that the BTC bridge with Avalanche Bridge is not compatible Metamask or any other wallet.
  • O Reserve Bank of India (RBI) is partnering with nearly a dozen lenders in the country to run a blockchain-based pilot project focused on commercial financing and aimed at preventing loan fraud, according to Economic Times.

Regulatory news

  • Singapore will be “brutal and relentlessly tough” with misbehavior in the crypto industry, according to Sopnendu Mohanty, head of Fintech at Singapore Monetary Authority (MAS), according to the Financial Times. To the allegation that the watchman was not friendly, he said, “My answer was: friendly for what? Friendly for a real economy or friendly for some unreal economy?
  • Two U.S. senators, Wyoming Republican Cynthia Lummis and New York Democrat Kirsten Gillibrand, are seeking comment on new bipartisan cryptocurrency legislation calling for a set of standards for determining whether a digital asset is a commodity or a security, as well as other currency provisions. stable. as tasks the Commodity Futures Trading Commission with more authority to regulate currencies. The full content of the invoice is available on the hosting platform GitHub.

Legal news

  • Chen Boliang, former senior director of crypto exchange Huobi, is being prosecuted in Hong Kong following allegations that he earned $ 5 million by secretly trading against an account of the company he controlled, according to the Financial Times. He allegedly set up a Huobi retail account in his father’s name and gave him a $ 20 million line of credit from the stock exchange, then proceeded to trade against a Huobi corporate account that he also controlled, which he reported to the benefits.
  • Cryptographic mining company Compass sued your facility provider, 2K dynamicsin Delaware Chancery Court, arguing that the hosting company is “hostage equipment” and has not been maintaining the facilities properly, under Act 360. They say the hosting company did not allow them access to one of its Maine facilities and you may even be using the local equipment for your own purposes.

Game news

  • Blockchain of games Oasys announced a strategic partnership with blockchain technology company ConsenSys to build a better network infrastructure for blockchain-based games. As part of the partnership, ConsenSys will provide infrastructure support as the Oasys network expands, while Oasys will encourage new players to use the network owned by Consensys. MataMask portfolio as the preferred portfolio solution, they said.

Tax news

  • from India Ministry of Finance issued guidelines to clarify the 1% withholding tax (TDS) tax return mechanism, stating that a transaction must be notified to the government within 30 days from the end of the month in which the transaction is made and that any amount deducted must be paid to the government within the same period. TDS is a liability imposed on stock exchanges that deposit taxes on behalf of sellers on their platform.

New miners

  • Bitcoin mining Digital bit mined BTC 194.48 and ETH 189.26 in the first quarter of 2022, which resulted in revenue of $ 8.6 million, a decrease of $ 43.95 million in the same period in 2021, according to its unaudited quarterly earnings report submitted to the US. Stock and Securities Commission. The company also observed a net overall loss of $ 10.18 million for the first quarter of 2022, compared to a profit of $ 35.79 million in the same period last year.
  • Blockchain and cryptographic company DMG Blockchain Solutions announced the launch of Terra Pool, a renewable energy bitcoin mining pool, which is the result of a partnership between DMG and the crypto miner. Argo Blockchain.

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