OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-Linked Assets, Central African Republic to List Sango in 2023

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Blockchain newsOKC (OKX Chain), the EVM and IBC compatible chain backed by the OKX exchange, has announced the launch of its Liquid Staking protocol, “intended to be a key part of the rapidly expanding DeFi ecosystem on OKC, offering a medium for OKC users efficiently and flexibly utilize the chain’s native token, OKT,” the press release reads. The launch of Liquid Staking is expected to yield a “significant increase” in the volume of assets entering OKC and result in a higher total value locked (TVL), as well as advancing the expansion of the OKC network. Web3 network peaq has unveiled krest, its canary network set to launch on Kusama, Polkadot’s Canary channel. According to the announcement, the krest network will enable the peaq community to develop and test decentralized applications (dapps) and tools in a real IoT environment to simulate the behavior of machines, vehicles, robots and devices before they are uploaded to the peaq mainnet. Legal News Seoul’s Southern District Court has decided to confiscate more Terra-related assets, Korea Economic Daily reported. The South Korean court ordered the freezing of 120 billion won ($93.4 million) in assets of the CEOs of Terraform Labs subsidiary, Kernel Labs, a blockchain consultancy. Bankrupt crypto lender BlockFi has filed a petition in US bankruptcy court seeking to reopen withdrawals for users who have locked crypto in its wallet accounts, according to an email to users shared on Twitter. A hearing is scheduled for Jan. 9, multiple news outlets reported, with another hearing scheduled for Jan. 13 regarding wallet accounts held by Bahamas-based subsidiary BlockFi International Ltd. the first quarter of next year, Reuters reported, citing the coin’s official Telegram channel. A release that would also allow coin holders to sell up to 5% of their coins, which are currently “locked” for a year and cannot be sold, is also being delayed, he added. blockchain and cryptocurrency trade association, a press release said. They will work to “educate, advocate, and deliver solutions to some of the most pressing issues affecting the industry,” and Binance “will engage in research, roundtables, working groups, and discussions with policymakers and regulators to help put in place sensible regulations and policies that benefit society and users,” he added. Bitfinex CTO Paolo Ardoino wrote an open letter to “reflect where we are as an industry” and directions the exchange is taking, said an announcement. Key takeaways include: Blockchain technologies should be more accessible and understandable to everyone; Bitcoin (BTC) has the ability to provide a cost-effective solution for the unbanked, it offers unquestionable and incorruptible trust and transparency; freedom of choice, communication and finances are the cornerstone of the future, and anything that will strengthen these freedoms deserves to be amplified; it is essential for players to continue to build solid and trustworthy foundations and show users that they can trust the ecosystem, “the multiple crises we have experienced this year will mark an inflection point separating the strongest companies that deliver real value to their customers and those that don’t.” Investment News Axelar Interoperability Network announced the $60 million Axelar Ecosystem Seed Funding Program, which will “will accelerate the development of decentralized applications and protocols that can replace centralized exchanges, providing gateways to blockchain-based technology for millions of users. Blockchain investor group is committing capital to support the program: Blockchange , Chorus One, Collab+Currency, Cygni, dao5, DCVC, Divergence Ventures, Dragonfly Capital, Lemniscap, Morningstar Ventures , Nima Capital, Node Capital, North Island Ventures, Rockaway Blockchain Fund, SCB 10X and others. polycrystalline solar panels to photovoltaic solar panels. The press release claimed that the photovoltaic cells were more durable and robust, and would allow cryptocurrency miners to avoid high electricity bills. Bitcoin mining company Greenidge Generation has reached an agreement with its lender NYDIG on the restructuring of $74.7 million in debt. The company “continues to actively explore raising additional equity and to engage in discussions with its lenders”, but its board of directors is also engaged “in active discussions on the possibility and timing of a filing voluntary checkup,” Greenidge said in a statement. filing with the United States Securities and Exchange Commission (SEC).

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