[ad_1]
Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.
Crypto Adoption News
- Kirobo, the Tel Aviv-based startup that created a “cancel button” for previously irreversible Bitcoin (BTC) transactions, available for MetaMask is WalletConnect owners, made the functionality available on Ethereum (ETH), he said in a press release. Initially, the service will be available for ETH and later for all ERC-20 tokens and comes with protection from sending funds to smart contracts that don’t support deposits.
- The Decentralized Oracle Platform Chainlink (LINK) and the Decentralized Asset Issuance Protocol for Synthetic Assets Synthetix (SNX) have developed a new pricing mechanism to power a new synthetic derivative that gives users on-chain exposure to the oil, they said in an announcement. This is a new price feed for sOIL, a synthetic digital asset tied to a non-expiring crude oil price index.
- Non-profit Bitcoin (BTC) BitGive collaborated with a non-profit organization for agriculture and sustainable food, Heifer International, to help help small-scale American farmers in Arkansas, with the ultimate goal of raising money for US hunger relief efforts through cryptocurrency donations, the emailed press release said. BitGive and Heifer have worked to integrate a new project on GiveTrack, BitGive’s donation tracking platform, which will allow Heifer to purchase agricultural equipment that can be loaned to smallholder farmers in Arkansas. All donations will be used in bitcoin, and Heifer confirmed with equipment suppliers Farmers Friend and BCS that they are buying all equipment directly in cryptocurrency, he said.
Blockchain news
- Chinese tech giant Baidu‘S Baidu library arm has officially launched a blockchain-based copyright service, China Email reported. Baidu is China’s answer Googleand its Library arm is a vast repository for document sharing, media archiving, and hosting college lecture notes. Baidu said its new blockchain-based services will be applied to everything from monitoring to rights protection, and will help provide original authors and issuing institutions with better copyright protection, as well as a more powerful platform on which to share theirs. work.
Investment news
- API3, a decentralized API or application programming interface (dAPI) network, raised $ 3 million in a private fundraising round led by Placeholder and with the participation of Panther, Partner in crime, CoinFund, Digital currency group, Hashed, and other. According to the press release, when it becomes available, API3 will allow off-chain API data and service providers to connect their APIs to the blockchain without the use of intermediaries.
- Axes, a decentralized interoperability bridge developed by members of Algorand’s founding team (ALGO), announced initial funding of $ 3.75 million with guaranteed investments by the Binance Smart Chain Accelerator Fund called Binance X, an arm of the leading cryptocurrency exchange Binance, as well as venture capital companies DCVC (Data Collective) e Divergence Ventures. According to the e-mailed press release, the funding will be used to build the network’s technology, tools, and API solutions, as well as recruit engineers who will help design the underlying technology and protocols.
Regulation news
- A group of six members of Congress from the Democratic Party hit the American banking regulator, the Office of the currency controller (OCC), for its “excessive focus on cryptocurrencies and cryptocurrency-related financial services”. The group, according to a press release, said its views were “shared by American Association of Bankers and other commercial groups, “which he says” have expressed similar reservations “that recent moves to issue a fintech card and allow banks to start offering cryptocurrency and stablecoin custody services represent a” shift too far from the core business of the banking sector “. The group, in its own words,” wondered if interim OCC chief Brian Brooks had his clear priorities during the health and economic crisis of COVID-19.
NFT news
- The buyer of the world’s most expensive non-fungible token (NFT) has come forward. The NFT was convertible to a digital racing car created for the Formula 1 F1 Delta Time tie-in blockchain game sold at auction for USD 110,000 in May 2019. Buyer, F1 producer Delta Time said Animoca Brands in a press release shared with Cryptonews.com, it’s called Metakovan. Metakovan has been described as an “entrepreneur, programmer and angel investor in blockchain technology since 2013, a former student of Y-Combinator and DeFi OG”, with a “premium NFT portfolio” in an “exclusive cryptocurrency fund”.
Mining news
- Cryptocurrency mining pool ViaBTC has announced a partnership with BitRiver, a provider of cryptocurrency mining colocation services, to provide special terms to those who are customers of BitRiver’s data center facilities, the press release said. ViaBTC aims to install a new server from its pool in the BitRiver datacenter in Bratsk before the start of 2021.
