https://t.me/crypto_news_collector

2022-12-20 22:52:01 South Korea freezes US$93 mln in assets of former Terra-Luna associates

A South Korean court has approved local prosecutors’ request to freeze assets of about 120 billion Korean won (US$93.3 million) belonging to seven former associates of Terraform Labs Pte. Ltd., according to local media reports.The seven former associates consist of three early investors and four core developers of Terra-Luna who are accused of collectively earning the US$93 million by selling LUNA that they attained prior to the officially disclosed issuance, local news outlet Ilyo Shinmun reported Tuesday.Local prosecutors also reportedly accuse them of issuing Terra stablecoin and Luna cryptocurrency without telling investors that the tokens cannot be adopted as payment measures.

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2022-12-20 22:41:02 VeChain partners with Mercedes Benz on road to CO2 neutrality

Car manufacturer Mercedes Benz has partnered with Hydro, one of the largest aluminum companies in the world and a user of VeChainThor. Hydro states in a press release that the partnership will see it supply Mercedes with low-carbon aluminum. This will help Mercedes reduce the carbon footprint of its vehicle fleet, including the fully electric EQ models. Hydro will supply the first batch of Hydro REDUXA, its low-carbon aluminum line with less than 3.0kg CO2/kg emission, by 2023. The low-carbon aluminum line is approved for automotive applications is reusable and can be used to make various parts.

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2022-12-20 21:52:02 Polygon's next web3 play is an NFT debit card

Polygon has partnered with the neo-banking app Hi to introduce a platform that allows users to mint NFTs for a web3-focused debit card. The move follows other strategic partnerships from Polygon, which has collaborated with Starbucks and Magic Eden. The move marks the latest strategic partnership for Polygon, which is trying to become the face of gasless fees for NFTs. Polygon undergirds the Starbucks NFT loyalty rewards beta as well as new blockchain gaming features from Solana's biggest NFT marketplace, Magic Eden. Called the NFT Debit Mastercard, card holders can spend either crypto or fiat currencies at 90 million global merchants.

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2022-12-20 21:14:02 Binance to acquire remaining 40% stake in Indonesian exchange Tokocrypto: Source

Binance is set to acquire the remaining 40% in Indonesian exchange Tokocrypto after first acquiring 60% in 2020, a source with direct knowledge of the matter told The Block. Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%.” Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%,” building on its previous investment in 2020. Binance CEO Changpeng "CZ" Zhao tweeted that "Binance was the majority shareholder of Toko[crypto] from the beginning. Just injected more cash and increased our shareholding a bit.". Binance's investment in Tokocrypto gave it a majority or controlling stake.

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2022-12-20 21:03:59 Bitcoin Miner Greenidge Says Continued Viability in ‘Substantial Doubt’

Bitcoin miner Greenidge announced that there is “substantial doubt” about its capacity to continue as a business, saying that its Board of Directors has actively discussed the possibility of voluntary bankruptcy.

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2022-12-20 20:53:01 Crypto regulators should leave DeFi alone, Coinbase's Brian Armstrong says

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2022-12-20 20:40:15 Binance joins U.S. lobby group's executive committee

Binance is joining the executive committee of the Chamber of Digital Commerce, a U.S. lobby group for the blockchain industry, as the world's biggest crypto exchange steps up its engagement with regulators. Binance will contribute to research and potentially influence the shape of crypto legislation through discussions with policymakers and regulators, according to a statement. The crypto giant joins traditional finance firms like Visa and Deloitte as well as blockchain firms such as Circle and OKCoin. The exchange's U.S. unit, Binance US.

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2022-12-20 20:37:14 Fiat opens world’s first metaverse-powered dealership in Italy

Fiat has opened the world’s first metaverse-powered car dealership in Italy which will enable customers to research, configure and even complete their next car purchase, recreating the feel of a showroom from the comfort of their homes. Initially, customers will be able to buy the flagship model, 500 La Prima by Bocelli, before the experience will be extended to the entire Fiat 500 line-up later this month. customers will be able to explore additional Fiat models in the Metaverse Store, while the digital experience will also be made available to other markets.

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2022-12-20 19:43:03 Sushi DAO votes to send all fees to treasury but it was a fight between whales

Two large entities effectively decided the Sushi DAO vote to direct all fees generated by the SushiSwap decentralized exchange to the protocol’s treasury. The move will mean that sushi token holders will no longer receive rewards from trading fees on the exchange.

GoldenChain, the digital investment arm of venture capital outfit Golden Tree, and a wallet closely tied to crypto trading firm Cumberland were the two entities. Together, they contributed 10 million sushipowah tokens — the Sushi DAO governance token — to push through the vote, according to data from the Snapshot voting page. Their combined voting power accounted for 91%.

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2022-12-20 19:41:02 Solana Maintains Strong Developer Activity Despite FTX Collapse

Solana has seen its price fall over 65% since the FTX/Alameda collapse a month ago, but the developer activity on the blockchain appears to be stickier than previously imagined.

According to a report by Messari, the number of GitHub developer repositories and the number of unique daily programs are up 2.5x year-over-year despite SOL prices dropping 95% over the same period. The Web3 developer report published by Alchemy discovered a similar story. According to the same report, this growth rate is better than the growth.

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@Solana_Updates Open / Comment