– Indonesia’s Largest Tech Company Enters Crypto Market With The Acquisition Of Local Exchange
GoTo Gojek Tokopedia Tbk (GoTo), the largest technology company in Indonesia, entered the Bitcoin and cryptocurrency industry by acquiring local exchange PT Kripto Maksima Koin. GoTo purchased all of the exchange’s shares for 124.84 billion rupiah ($8.38 million), acquiring ownership of the exchange. The software company reportedly said that the acquisition was a component of a bigger plan to establish itself as a hub for various money management.Read Full on Bitcoin Magazine.
– Busan City Declares Partnership With FTX To Create A Local Exchange
The second-largest city in South Korea, Busan, has declared a cooperation with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. The Busan Digital Asset Exchange will be established with the aid of Sam Bankman-Fried’s FTX. In the city’s “Blockchain Special Free Zone,” which was formed in 2019, FTX plans to work with regional colleges and projects to promote blockchain-specific education.Read Full on cointelegraph.
– XRP Validators Begin Voting On An Amendment Related To NFT
The XRPL validators have begun voting on the XLS-20 amendment, which would permit native non-fungible tokens(NFTs), according to Emi Yoshikawa, vice president of corporate strategy and operations at Ripple. To assure the proposal’s passage over a two-week period, at least 80% of them must vote in favor of it. Seven validators (Brex.io, Bitso, and others) had already cast their votes against it while they wait for others.Read Full on U.Today.
– Popular Watchmaker Jacob & Co. Unveiled Bitcoin-Themed Luxury Timepiece
The most recent high-end cryptocurrency timepiece is made by Jacob & Co. The company announced on Instagram that it would be showing off the brand-new Astronomia Solar Bitcoin limited edition at the world premiere at “The Geneva Watch Days” by appointment only. The new limited edition watch with a Bitcoin theme is the first high-complication wristwatch devoted to and inspired by the cryptocurrency field, claims the company.Read Full on Finbold.
– On The Flow Blockchain, Leading Ticketing Service Ticketmaster Will Issue NFTs
After a low-key six-month test program, ticketing industry giant Ticketmaster has officially entered the NFT space. Event planners that use Ticketmaster can now issue NFTs before to, during, or after live events. The objective of Ticketmaster is to unlock distinctive integrations throughout the fan journey. With intentions to provide NFTs to the spectators of 100 particular games, the relationship is expected to continue throughout the current NFL season.Read Full onCrypto Briefing.
– Japan Suggests Lowering Cryptocurrency Taxes In An Effort To Boost The Economy
In order to stimulate the economy and achieve the goals of Prime Minister Fumio Kishida, Japan’s regulatory body, the Financial Services Agency (FSA), is recommending lowering the corporate cryptocurrency tax in the nation. The impossibility of new projects to begin in the nation has been attributed to the high taxes. As a result, potential cryptocurrency businesses have relocated to welcoming nations like Singapore.Read Full on Finbold.
– Polygon Avail Testnet Is Fully Released And Now Operational
As indicated in a recent blog post, the Polygon Avail Testnet, which aims to address the data availability issue, is already operational. Monolithic blockchain systems’ requirement to combine execution, settlement, and data availability in a single block is its fundamental drawback. Layer 2 (L2) rollups, which allowed execution to be handled on a separate chain with blocks devoted entirely to execution, are credited with starting the modular blockchain movement.Read Full onU.Today.
– Cardano Participates In Kenyan $11Million Funding Round To Transform Microfinance Globally
Charles Hoskinson announced on Twitter that IOG, the organization that created Cardano and is run by him, had invested $11 million to fund the Kenyan fintech startup Pezesha. He added that he is thrilled to support this company’s goal of expanding the field of microfinance globally. After doing a pre-series A equity debt, this fintech startup plans to expand to other African nations, including Nigeria, Rwanda, and Francophone Africa.Read Full on U.Today.
– Over $200 Million Will Be Invested In Infrastructure For El Salvador’s Bitcoin Beach
El Zonte will receive infrastructure improvements as part of a strategic plan that will be carried out by the government of El Salvador. El Zonte is a beach in El Salvador that has been renamed “Bitcoin Beach” as a result of its acceptance of the cryptocurrency. According to President Nayib Bukele, the investment, which totals more than $203 million, consists of 14 bridges, a new drainage system, pedestrian crossings, and cycling routes.Read Full on Finbold.
– LG Electronics Plans To Deploy A Crypto Wallet Based On Hedera Blockchain
In the third quarter of 2022, South Korean company LG Electronics is reportedly getting ready to launch Wallepto, its first cryptocurrency wallet software. LG Electronics has been testing the application in beta form with developers since August and is currently in the final verification stage. The Hedera Hashgraph blockchain is the foundation for “Wallypto,” though it is anticipated that after it is officially launched, the number of compatible networks will grow.Read Full onForkast.