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Daily News Summary 19/9

September 19, 2024 Tóth Balázs
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Hemi Labs Secures $15 Million for Modular Blockchain Network

Hemi Labs has raised $15 million in funding to develop its modular blockchain network, the Hemi Network, which includes the Hemi Virtual Machine. This technology will enable developers to create Bitcoin- and Ethereum-compatible smart contracts. The funding round was led by Binance Labs, Breyer Capital, and Big Brain Holdings.

First Euro-Backed Stablecoin Launches on Noble

Fintech company Monerium has announced the launch of EURe, the first euro-backed stablecoin on the Noble blockchain within the Cosmos ecosystem. EURe is backed by euro-denominated deposits and is integrated with the SEPA framework, allowing for instant euro transfers between on-chain wallets and custodial bank accounts.

Bitget and Foresight Ventures Invest $30 Million in TON Blockchain

Crypto broker Bitget and Foresight Ventures have announced a $30 million strategic investment in The Open Network (TON) blockchain. The investment aims to increase their involvement in TON’s governance and future developments, with a focus on supporting Telegram-based projects, particularly tap-to-earn games.

SEC Penalizes Another DeFi Company

The SEC has filed charges against Rari Capital and its co-founders, alleging that they misled investors regarding the characteristics and profitability of certain crypto investments offered by Rari Capital and operated as an unregistered broker. Some investors in the Earn pool were also eligible for a Rari governance token, which the agency claims qualifies as an unregistered security.

Bitcoin Payments Officially Accepted in Louisiana

The southern U.S. state of Louisiana has announced that residents can now use certain crypto assets to pay for state services. The government will accept Bitcoin payments through the Bitcoin Lightning Network, as well as payments in USD Coin (USDC), a stablecoin pegged to the U.S. dollar.

Commerzbank Expands with Key Crypto Role

Crypto Finance, a subsidiary of Germany’s largest exchange provider, Deutsche Börse, has entered into an agreement with Commerzbank to launch digital asset trading services for its corporate clients. Commerzbank will act as the custodian partner for the service. Initially, the offering will focus on trading the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

Hut 8 Expands Bitcoin Mining Operations for 2025

Bitcoin mining company Hut 8 Corp. has announced an extension of its partnership with mining equipment manufacturer Bitmain Technologies. The agreement includes an order for the next-generation ASIC miners, model U3S21EXPH, which Hut 8 plans to deploy in the second quarter of 2025. The deployment will be part of a 15 exahash/second hosting agreement, utilizing the company’s proprietary data center infrastructure.

PiP World Launches Gold Rush Tap-to-Earn Game

Dubai-based PiP World, which recently acquired the Roblox StockRise trading simulator, has launched a new tap-to-earn game on Telegram called Gold Rush. The game aims to attract players ahead of the release of PiP Trader, a mobile game focused on gamifying financial literacy, set to launch later this year.
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