Today in Crypto: PayPal to Expand its Crypto Service to Luxembourg, Bybit Integrates ApeX Pro DEX, Nomad Preparing Relaunch
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- PayPal will expand its crypto service to Luxembourg “in coming days,” the payments company said in an announcement. “Once available, eligible customers will be able to buy, sell, and hold Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their PayPal accounts via the website or the mobile app,” it said.
- Financial technology company Ramp launched its off-ramp product in the United States, which enables users to sell 34 digital assets across 17 blockchains, while also offering real-time payments (RTP), said an announcement. Users whose banks allow RTP will see dollars deposited into their accounts typically in under 20 seconds, it added. In the near future, Ramp will seek to expand its off-ramp product into the UK and Europe, while also introducing new payout methods through 2023.
- Bybit has integrated the decentralized exchange ApeX Pro into its offering, it announced today. Customers can now trade on both types of exchanges on one platform. ApeX Protocol is a multichain decentralized derivatives protocol, which aims to address flaws in existing DEXs, such as high gas fees and poor order execution, it said.
- Cross-chain bridge protocol Nomad is preparing for a relaunch and partial reimbursement of the funds lost in the August $190 million hack. “Since the Nomad Token Bridge hack, the team has been working hard on recovering funds and making the necessary updates to safely relaunch the Nomad Token Bridge,” the team said, sharing the steps in this process.
- Decentralized app Tranchess announced the launch of liquid staking for users to earn from staked ethereum (ETH) while retaining liquidity with an ETH-equivalent token, qETH, said a press release. qETH can be swapped for ETH in Tranchess’ Balancer pool. As Ethereum does not currently allow withdrawals of staked ETH, validators may offer liquid staking services and give users token equivalents to use as collateral elsewhere in the interim, it added.
- Layer 1 blockchain Aptos announced the addition of the decentralized video streaming network Livepeer to the Aptos ecosystem. Developers building on Aptos can now use low-fee video streaming supported by Livepeer, an announcement stated. An Aptos press release added that the two “will bring low-fee video streaming capabilities to developers building decentralized applications (dApps) on Aptos.”
- Glancy Prongay & Murray announced that it filed a class action lawsuit in a United States District Court, captioned Rosa v. Silvergate Capital Corporation, et al., on behalf of people and entities who purchased or acquired crypto-friendly bank Silvergate “securities between November 9, 2021 and November 17, 2022,” said the press release. “The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects,” it said.
- Gaming-optimized blockchain Oasys announced the launch of OASYX, the first non-fungible token (NFT) project built on Oasys’ native blockchain, in collaboration with game development executive Yu Suzuki. OASYX will create various NFTs with creators, artists, and developers from established traditional gaming brands, while the inaugural series will be creatively supervised by Suzuki and published by Japanese blockchain game developer double jump.tokyo.
- STEP APP announced the release of its move-to-earn app at the Tokyo Conference in Japan. Usain Bolt, its global ambassador, was a key speaker, while keynote sessions were also hosted by Japanese professional baseball player Kazuto Taguchi and co-founder of crypto payment processor Coingate Dmitrijus Borysenka.
- The Hedera Governing Council, which operates the Hedera network, has appointed two new members of the executive team: tech and foreign policy expert Nilmini Rubin as Chief of Staff and Head of Global Policy, and global finance executive Betsabe Botaitisa as Chief Financial Officer (CFO). Rubin previously contributed to the global policy team at Meta, among other positions, while Botaitis held various senior positions at companies such as Uplift, Kueski, Lending Club, and Citigroup.