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The entire cryptocurrency space currently has a market cap of $2,419,935,736,328. And a 24-hour trading volume of $78,164,682,879. So let’s find out some of today’s interesting crypto news.
1. BINANCE Receives Regulatory Approval in Bahrain
First, for today, the largest cryptocurrency exchange by trading volume Binance is making a move in the Middle East and North Africa. In fact, the exchange recently received approval to become a crypto service provider in the Kingdom of Bahrain.
According to Changpeng Zhao (CZ), the exchange still needs to complete the application process. CZ furthermore added that the entire application process will be “[…] completed in due course.” For the uninformed, CZ is the CEO of Binance.
Binance receives in-principle approval from Bahrain’s central bank to be a crypto-asset service provider in the kingdom https://t.co/6wNtq7m2Sg
— Bloomberg (@business) December 27, 2021
2. Zilliqa Announces Plans For Its Metaverse Launch
Next, Layer 1 Blockchain Zilliqa is currently causing a buzz in the cryptocurrency space. Because the blockchain recently announced plans for its metaverse launch. The metaverse launch will take place in 2022.
Thanks to the announcement, Zilliqa native token $ZIL is experiencing a price rally. The token is currently trading at $0.084091 (12.2%) with a 142.2% ROI.
Metapolis Baby ??
The #Zilliqa Crypto #Metaverse News Stirring Up Chatter Today https://t.co/WjbJrXRouY
— ????????.??? (@veazydoezit) December 27, 2021
3. VeChain (VET) To Power Inner Mongolia Traceability Project
Third for today, The Government of Inner Mongolia, China has announced a strategic partnership with VeChain Thor. According to the announcement, VeChain Thor will help power an upcoming traceability project for the province.
Above all, the Government expects the traceability solution will help facilitate top-notch supervision of the food and beverage industry in China. So they hope to ensure the traceability of important landmarked products like millet, rice, sunflower, lamb, and beef.
We are proud to announce that the Government of Inner Mongolia, China has chosen #VeChainThor to power a massive, full traceability platform!
This milestone, Government-led project is a massive step forward for VeChain and the mass adoption of #blockchain.https://t.co/kxpbyLEWYf pic.twitter.com/58iWvYJ9jZ
— VeChain Foundation (@vechainofficial) December 24, 2021
4. DOGAMI Completes its Pre-Seed Funding Round, Secures $6 Million
Lastly for today, Pet ownership platform DOGAMI recently raised $6 million in its pre-seed funding round. In fact, the funding round was led by Ubisoft, Animoca Brands, and several other top projects in the blockchain space.
According to reports, funds raised will be directed towards the building of its Petaverse platform on Tezos.
DOGAMI Secures $6M In Funding From Ubisoft And Other Big Names To Build Out The Petaverse On Tezos https://t.co/kOMxfq8x4d
— Apollo (@TezFast) December 26, 2021
So for more,