Today in Crypto: National Australia Bank to Create a Stablecoin, Customers Sue Compass Mining, NYX Professional Makeup Announces a DAO
TL;DR Markets, a decentralized exchange (DEX) focused on providing liquidity to tokenized assets, today announced it has closed an oversubscribed seed funding round of $3.5 million led by Digital Currency Group and supported by Castle Island Ventures, Coinbase Ventures, Avon Ventures, Binance Labs, and others.
Today in Crypto: National Australia Bank to Create a Stablecoin, Customers Sue Compass Mining, NYX Professional Makeup Announces a DAO
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Stablecoin news
The National Australia Bank has become the second of the major banks to create a stablecoin, called the AUDN, the Australian Financial Review reported, citing Howard Silby, NAB’s chief innovation officer. This will allow its business customers to settle transactions on the blockchain in real-time using Australian dollars, it said. AUDN will launch on the Ethereum and Algorand blockchains later this year.
Legal news
Customers are suing US-based Bitcoin (BTC) and crypto mining company Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian crypto mining firm BitRiver. The company, they allege, failed to return customers’ Bitcoin machines. According to a court document filed on January 17, Compass Mining “failed to protect its customers’ interests through subterfuge and misrepresentation to BitRiver regarding the actual ownership of its customers’ miners.”
NFT news
NYX Professional Makeup today announced GORJS, a beauty decentralized autonomous organization (DAO) developed on the Ethereum blockchain, which serves as a decentralized incubator for digital creators. Non-fungible token (NFT) enthusiasts, collectors, and individuals can pre-mint the FKWME NFTs and access GORJS in the allowlist sale on January 31, with the full NFT drop scheduled for February 1, it said.
Gaming news
Gaming-optimized blockchain Oasys announced the launch of its new decentralized governance framework, which it said “will empower project stakeholders to play a leading role in determining the future of the Oasys blockchain and drive growth of the blockchain gaming ecosystem.” It will implement its governance framework in a series of strategic phases, said an announcement, starting in Q1 2023 and continuing until Q2 2024, which will allow Oasys and its partners to address security and centralization risks.
Music news
PIXELYNX, a music metaverse gaming platform founded by musicians and technologists deadmau5 (Joel Zimmerman) and Richie Hawtin (Plastikman), announced a partnership with Vita Motus, founded by production design veteran Heather Shaw. PIXELYNX plans to leverage the VitaVerse platform IP in their forthcoming debut game ELYNXIR, which “creates immersive, playable experiences that bring fans closer together to their favorite artists in the music metaverse,” said the press release.
Investment news