Aave partners with Fireblocks to ensure secure onboarding for 30 institutions integrating with its new Aave Arc marketplace. This and more news in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Bitcoin and Blockchain Adoption
📍Aave is moving forward with its plan to promote decentralized finance (DeFi) at an institutional level. Decentralized protocol Aave announced a collaboration with digital asset custodian Fireblocks to further drive adoption of DeFi at an institutional level. In July, Aave announced the development of a new tool called Aave Pro, which would promote the entry of institutions into the ecosystem of decentralized finance. Now, the protocol announces the creation of Aave Arc, a new DeFi product and marketplace that will help institutions overcome the barriers to entry into the crypto world, to explore the true power of blockchain-based decentralized finance.
Through Fireblocks, Aave will ensure secure onboarding for 30 regulated institutions integrating with its new Aave Arc marketplace.
NFT and DeFi Markets
📍The electronics multinational Samsung takes over Decentraland with its new virtual store. Samsung 837, located in New York City (United States), now has an exact replica available on the blockchain metaverse platform Decentraland, built on Ethereum. After announcing the integration of a market aggregator NFT In addition to its new 2022 television models, Samsung announced the opening of its new virtual store, through which it will provide new experiences and services to users and consumers.
Samsung 837x in Decentraland will feature spaces for the presentation of new products and fairs, as well as spaces to inform and promote forestry and ecological initiatives that guarantee the sustainability of the company and spaces to hold parties and celebrate different events.
development and technology
📍Bitcoin development is supported by the Human Rights Foundation. In a release Recently, the Human Rights Foundation announced that it will allocate 425 million satoshis to the development of various initiatives focused on Bitcoin, the world's leading cryptocurrency. The HRF will deliver the resources through its Bitcoin Development Fund, in the form of 10 grants, to support different projects based on the cryptocurrency. Some of the projects supported by the organization are: a new digital wallet for Bitcoin, the development of the network and cryptocurrency code and the growth of the Lightning Network; in addition to the expansion of education and training in Bitcoin, as a new form of money capable of restoring financial freedom, within emerging markets and authoritarian regimes.
The 450 million satoshis that HRF will use from its Bitcoin development fund is equivalent to about $189.000 at press time.
Cybersecurity
📍A new DeFi scam has left hundreds of victims. The DeFi project Tedefi Network disappeared along with the investments of the users who trusted the project. On Twitter, user Yeikel Uriarte warned about the new Rug Pull of the crypto industry, which has left hundreds to thousands of users affected.
Its native token, TEFI, has fallen by more than 55% since the scam was revealed. This project had emerged as a supposed new blockchain born to connect Telegram users with blockchain technology.
Rules and Regulations
📍Uruguay publishes new regulatory framework for crypto assets as entrepreneurs push for crypto adoption. The Central Bank of Uruguay has already published its conceptual framework for the regulation of Bitcoin and cryptocurrencies in the country. Meanwhile, the company inBierto has integrated the first cryptocurrency ATM in Uruguay, in order to promote the use and adoption of these digital assets.
📍Cryptocurrencies seized by British authorities exceed $370 million. According to local media New Scientist, UK authorities have seized a total of 9.000 bitcoins over the past 5 years. At the current price of the cryptocurrency, the value that the country's police forces have seized in different operations amounts to $376 million dollars, with Bitcoin trading at around $ 41.800 dollars per unit currently. In addition to Bitcoin, authorities have also seized thousands of dollars, or perhaps millions, worth of other cryptocurrencies such as Ethereum (ETH), Monero (XMR), Zcash (ZEC) and Dash (DASH).
