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Get your daily, bite-sized digest of cryptoasset and blockchain-related information by reading through the stories that are currently slipping the radar of today's's bitcoin information.
On June 20, the crypto venture capitalist Digital Currency Group ( DCG ), the parent company of the exchange newsCrypto platform Luno, will withdraw its license application and leave the Singapore market. According to the party, this choice was made as part of a routine assessment of our presence and global strategy. We have also let the Singaporean Monetary Authority know that we intend to remove our permit application as a result of this choice. According to the press release, Wirex Private, a payment system with over 5.5 million users, is being introduced to its expanding customer base of wealthy users. According to the device, there will be up to 8 % Cryptoback rewards for all cards purchases, a dedicated account manager to offer objective support, customized limits and lending terms, and excellent levels of support and promotional perks at no extra cost. Genuine newsA court in Singapore has given the troubled cryptocurrency lending company Babel Finance creditor protection for an additional three months, according to Bloomberg, citing co-founder Flex Yang. Just until July 21 is the deadline for the embargo. Following the cryptocurrency collapse of last year, the company owes creditors$ 800 million. According to Babel's's proposed restructuring strategy, it would pay off debt with money from a brand-new decentralized finance ( DeFi ) project that would produce its Recovery Coins. Regulation news According to an announcement, the Securities and Commodities Authority ( SCA ), the federal securities regulator in the United Arab Emirates( UAE ), will begin accepting applications from businesses seeking to offer cryptocurrency services there. In addition to the SCA approval, businesses wishing to conduct business in the Emirate of Dubai must obtain a license from the Virtual Assets Regulatory Authority ( VARA ). Investment newsCrypto derivatives exchange Bitget launched a$ 200 million ecosystem fund to support decentralized applications( dapps ) built on the Core Network Layer-1 blockchain in collaboration with Core DAO, an organization dedicated to the development of the Satoshi Plus ecosystem. According to the press release, early-stage projects for research and development, recruiting, advertising, community-building programs, and other priority growth initiatives will receive support from The Ecosystem Fund, which is supported by corporate partners like Bitget and the cryptocurrency trading platform MEXC. The Hashgraph Enterprise Program( HEP ) was officially launched today by the Non-Profit organization The Hastegraph Association, which supports the widespread adoption of the Hedera network. The program, which receives funding from Hedera totaling up to USD 22.5 million in HBAR, aims to increase the network's's training of more than forty sector projects annually. According to the press release, projects will be eligible for HBAR funding up to$ 500,000 per participating enterprise. In order to sustain the introduction and operations of the HEP, the Hashgraph Association already welcomed Rob Allen, formerly SVP of Ecosystem Growth at The HBAR Foundation, to its management team and increased its staff by ten different workers in 2023. Blockchain news The Proof of Green( PoG ) initiative, which aims to increase transparency and reduce greenwashing in the blockchain industry by standardizing how blockchains report carbon consumption, was launched today by the DFINITY Foundation, a Swiss non-profit organization that contributes significantly to the Internet Computer blockchain ( ICP ). The Carbon Crowd, a climate tech startup, is collaborating with the DFINITY Foundation to create solutions to transform sky infrastructure. Peaq for the Web3 system announced its integrating with Fetch. AI is a platform that provides automation and AI capabilities for peer-to-peer ( P2P ) applications. The consolidation, according to the press release, adds Intelligence microagents to Peaq's's machine-centric system. The two projects' consolidation unlocks Fetch through Peaq and its canary system krest. It stated that the ans model for the larger Polkadot and Kusama habitat.
