Highlights of the crypto market on December 11th, 2021

Opera by Solana, IOTA hit the $ 100 million mark, Gemini Down, etc. Many crypto market highlights have been collected in the last 24 hours.

Crypto Market Highlights – IOTA Reaches $ 100 Million Crypto Market Highlights: Investment News

The scalable multi-chain network for smart contract assembly developed by IOTA (MIOTA) reports that its early members raised $ 100 million in a funding round led by LD Capital and market leader Huobi Ventures. These funds will be used to accelerate the development of the ecosystem by encouraging project teams to turn to individual foundations directly or from a national team for funding.

DeFi Slingshot exchanger raised $ 15 million in Ribbit Capital’s Series A funding round. The money will be used to launch a mobile app, as well as additional blockchain coverage and new trading features.

The Web 3.0 Braintrust talent network raised $ 100 million in a private token sale. The goal of the project is to attract companies with specialists in the field of Web 3.0 to the network.

Rainmaker Guild’s Play-to-Ear (P2E) project announced that it has raised $ 6.5 million in seed funding, according to VentureBeat. The platform allows users to “seamlessly play hundreds of P2E games, explore in-game content, consult with the world’s leading players, connect with Rainmaker around the world, and access the innovative NFT credit and credit marketplace.”

Yield Guild Games in Southeast Asia (YGG SEA), the regionally focused arm of the decentralized gaming organization Yield Guild Games (YGG), has raised $ 15 million in two rounds of donations. This funding will allow YGG SEA to provide a targeted product to the gaming community in the region, with the clan focusing on supporting locally developed monetized games and acquiring gaming assets for the benefit of the clan’s players, they added.

Cryptocurrency startup Palm NFT Studio has announced a $ 27 million Series B funding round led by Microsoft’s M12 venture capital fund. The upgrade will allow the team to scale the Palm NFT Studio technology platform and make it available to third parties who want to use NFT projects in films, games, music and art in a legal and sustainable manner.

Liquidity Aggregation Router Protocol Crosschain raised $ 4.1 million in its second round of funding. They added that the money will be used to further develop the router protocol and expand its marketing and research activities.

Crypto Market Highlights: News on New Products and Services

Florida Gov. Ron DeSantis has proposed a program that will allow companies to pay government fees in digital currency as part of a series of cryptocurrency-related proposals that will be added to next year’s government budget. so Bloomberg. The state may also launch pilot programs to investigate the use of blockchain technology for vehicles and Medicaid payments.

According to Bloomberg, European Central Bank board member Fabio Panetta said cryptocurrencies are showing no signs that they will benefit society or the economy as a whole. He argued that there was no evidence that cryptocurrencies performed or performed socially or economically beneficial functions.

Opera web browser is working with Solana Labs to integrate Solana (SOL) and support Solana-dapps (decentralized applications) that will be integrated into Opera for Android by Q1 2022, ”the company said.

Crypto Market Highlights: Stock Market News

The twins fell for at least a couple of hours around 7:30 am ET. “All client accounts and funds remain completely safe,” said the exchange, offering to track their status page.

Three of South Korea’s “big four cryptocurrency exchanges” – Korbit, Coinone and Bithumb – will begin approving the Financial Task Force’s own travel rules next month, which will take effect before government directives on the matter go into effect this spring. … The trio will launch a co-developed platform called Code in January to effectively eliminate anonymous trading, Newssis said. In a few weeks, leading exchange Upbit plans to unveil its own travel rules solution developed by one of its subsidiaries and dubbed VerifyVASP.

Norwegian stock exchange Oslo Børs, the parent company of Euronext Growth, has decided to add a Norwegian blockchain exchange to trading after the company applied to be listed on Euronext Growth. The first trading day is scheduled for December 14, 2021.

A new survey by crypto platform CoinList shows that their users expect games to be the most in-demand category by 2022. 56.5% of respondents said games were their preferred category for investing in CoinList. Other top claims include decentralized finance (DeFi) (52.1%) and non-fungible tokens (NFT) (41.6%), while infrastructure (28.3%), social tokens (22.8%) and governance (16.2%) were less popular.

Crypto Market Highlights: Legal News

U.S. District Judge John Cronan has selected a Hong Kong couple to bring a securities fraud case against Bitcoin mining equipment (BTC) manufacturer Canaan Inc. They allegedly lost the most money, around $ 1.3 million, as Canaan’s share price fell 30% after the company announced fourth-quarter and fiscal 2020 results in April, according to Reuters. However, they provided information in support of their class leadership movement two weeks late, with the result that several other injured groups rejected their assignment.

The US District Court for the Southern District of New York recognized Glenn Arkaro and his company Future Money Ltd. guilty of promoting the BitConnect “credit program”. Court decisions oblige them to pay emergency interest, interest and civil fines, if requested by the court, in an amount to be determined by the court later.

Crypto Market Highlights: Regulatory News

According to Bloomberg, Nigeria’s Minister of Budget and National Planning, Clem Agba, is calling for legislation that will encourage, not restrict, the widespread use of digital technology. He added that the uncertainty surrounding cryptocurrency regulation could prevent governments and citizens from making the most of the technology’s potential.

South Africa’s financial regulator plans to announce the regulatory framework for cryptocurrencies early next year to “protect vulnerable members of society from high-risk assets,” Bloomberg reported, citing FSCA Commissioner Unati Kamlan. According to the report, rules that have been designed with peer-to-peer agencies such as data protection authorities and financial regulators in mind dictate how transactions should be conducted.