Indonesia’s biggest tech firm enters crypto with purchase of local exchange
GoTo Gojek Tokopedia (GOTO), Indonesia’s biggest tech company, has entered the cryptocurrency market with the purchase of local crypto exchange Kripto Maksima Koin. GoTo paid 124.84 billion rupiah ($8.38 million), according to Reuters.
The tech firm, which raised $1.1 billion in an IPO earlier this year, said in a statement to Reuters that the deal was part of its goal to become “a diverse money management hub.”
Fan token platform Socios inks new four-year deal with Argentine Football Association (AFA)
Socios.com has renewed its partnership with Argentine Football Association until 2026 to help drive Web 3 fan engagement. Socios will also help the Argentine Football Association develop its ARG fan token and create a global engagement and rewards community centered on the token.
The AFA is the latest addition to Socios.com’s ever-growing catalog of world-renowned sporting talent, boasting Argentinian and Paris Saint-Germain forward Lionel Messi.
Bitcoin whale activity wakes up as BTC hovers just above $20,000 level
According to crypto analytics firm Santiment, as Bitcoin danced around $20,000 last weekend, a positive sign is the growth in the amount of key whale addresses.
There’s a correlation between BTC’s price and the amount of addresses holding 100 to 10,000 BTC, and they’re up 103 in the past 30 days.
Nexo commits additional $50M to buyback program
On Tuesday, Nexo disclosed that its board of directors had committed an additional $50 million to buybacks, building off the company’s initial $100 million repurchase program launched in November 2021.
The approval green lights the discretionary repurchase of up to $50 million worth of NEXO tokens on the open market. The company said it increased the size of its repurchase program to demonstrate its “solid liquidity position” and willingness to invest in its community.
Temasek to lead $100 million funding round in NFT and metaverse investor Animoca Brands
Singapore’s state investment fund, Temasek, which is one of the world’s largest investors, is leading a $100 million funding round in non-fungible token (NFT) and metaverse investor Animoca Brands, Bloomberg reported Monday.
The investment will be made via convertible bonds, according to the report, which cited people familiar with the matter.
Helium proposes moving entire crypto wireless network to Solana
Helium developers are making a proposal to migrate the entire crypto wireless network to Solana. The change is said to be important, it will bring greater speed, stability and scalability.
According the proposal, the Helium network would move all of its tokens – HNT, IOT, MOBILE, and DC (Data Credits) – from its own blockchain to Solana. It would also rely on oracles, or third-party data sources not on the blockchain, to manage Helium’s proof-of-coverage infrastructure and data transfer accounting functionality.
Bitcoin wallet containing 10,000 BTC activated after 9 years
On August 28, analysts noticed a whale move 5,000 BTC in just one transaction after the coins sat idle for over nine years. On August 29, this investor continued to move another 5,000 BTC.
A total of 10,000 BTC were moved for the first time since 2013. The researchers concluded that the funds were not sent to any exchanges for selling. Instead, 10,000 Bitcoins were sent to various wallet addresses.
Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto
Leading providers of corporate and business formation services in UAE, Virtuzone has partnered with Binance to accept cryptocurrency payments via Binance Pay.
Virtuzone aims to bring barriers to entrepreneurship by facilitating cryptocurrency payments for company setup. Creating more opportunities for global businesses in a bid to tap into UAE’s thriving startup community is another key focus area behind the strategic partnership.
Crypto exchanges in Ethiopia offered new registration program
Ethiopian authorities now require all crypto businesses to register with the Information Network Security Administration (INSA) in ten days. The initiative comes as Ethiopia looks for a legal framework to deal with the growing interest in cryptocurrency mining and investment.
Companies operating without registering with the INSA will be prosecuted. Through its registration scheme, Ethiopia wants to be the first African country to offer investors protection from criminal crypto enterprises from a cybersecurity perspective.
CME Group launches euro-denominated Bitcoin and Ether futures
In a Monday announcement, CME Group said that it launched contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract.
Both contracts will be listed on CME, cash-settled and based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, respectively.