BlockchainReporters Weekly News Review The Crypto Landscapes Growing Horizons

Greetings to the latest edition of the crypto news review. In this issue, we bring you the top 5 significant news pieces you might have overlooked. This week has been particularly upbeat not only in terms of crypto prices but also for the DeFi platforms. Centralized exchanges also made headlines with positive developments. The launch of OKX’s new spot and derivatives trading platform in Australia stole the spotlight. Binance Kazakhstan received ISO certifications for privacy and security. Robinhood introduced staking and localized apps in Europe to enhance user experience and accessibility. Apart from CEXs, Tether, TON, and Worldcoin also made waves in the news. Tether teamed up with the TON Foundation and Oobit to introduce a groundbreaking crypto-payment solution. Lastly, the Worldcoin Foundation revealed a state-of-the-art biometric security system. Dive in for more details.
OKX Debuts Spot and Derivatives Crypto Trading in Australia
The renowned crypto exchange, OKX, has officially rolled out its spot and derivatives trading platform in Australia. This new service is targeted towards verified wholesale clients and supports AUD-pegged deposits and withdrawals from most Australian banks. Users will have access to 85 cryptocurrencies and 170 crypto spot pairs. The launch follows the establishment of OKX’s Sydney office last year, with a focus on building a local team for management, legal, and compliance purposes.
Australia’s robust tech infrastructure and diverse crypto community make it an ideal market for OKX’s long-term strategies. The Sydney office, set up in May 2023, marked a significant milestone in this direction by bringing together a team of experts in management, law, and compliance.
Binance Kazakhstan Secures ISO Certifications for Privacy and Security
Binance has proudly announced that its Kazakhstan branch has been awarded ISO 27701 and ISO 27001 certifications. This recognition signifies adherence to global standards in privacy information management and information security governance. Following a comprehensive audit by the British Standards Institution (BSI), Binance’s internal processes have been validated to meet international benchmarks. This underscores Binance’s commitment to providing a secure and dependable platform for its users in Kazakhstan.
Vishal Sacheendran, Binance’s Head of Regional Markets, emphasized the company’s dedication to upholding high privacy and security standards, aimed at instilling confidence in clients regarding the safeguarding of their information and assets. This achievement follows similar certifications in Turkey, the UAE, Bahrain, and France, with Binance committing to annual audits for ongoing compliance.
Robinhood Crypto Exchange Unveils Staking in Europe, Featuring Solana
Robinhood has introduced new features tailored for its European clientele, including staking, localized apps, and crypto rewards for new users. These updates are designed to enhance accessibility and elevate the user experience for crypto traders in Europe. Robinhood has launched its inaugural crypto staking product, enabling European users to stake Solana ($SOL) directly within the app and earn rewards. Users can also unstake their assets whenever they choose.
New customers in Europe will receive a 10% bonus on their net buys over the first 30 days, paid in $USDC stablecoin. This initiative aims to attract and motivate new users. Robinhood will roll out localized versions of its app, starting with Italy, Poland, and Lithuania, offering interfaces in native languages for a more seamless trading experience. Since its inception in December, the top-traded cryptocurrencies on Robinhood Crypto include Bitcoin ($BTC), Solana ($SOL), Ethereum ($ETH), and Dogecoin ($DOGE).
Tether, TON Foundation, and Oobit Collaborate on Innovative Crypto-Payment Solution
Tether Operations Limited has partnered with Oobit and the TON Foundation to introduce a groundbreaking crypto-payment solution. Announced on Tether’s official X account and blog, this collaboration aims to streamline financial activities and enhance convenience. Furthermore, the partnership underscores Tether’s commitment to a borderless financial ecosystem. Tether recently launched $USD₮ and $XAU₮ on the TON blockchain, enabling swift, secure, and cost-effective transfers. Since its launch, over $200M worth of USD₮ has been issued on TON’s blockchain. Users can now send USD₮ through Telegram messages and utilize it for instant Tap payments on Oobit.
This initiative focuses on broadening USD₮ accessibility and facilitating seamless value transfers within TON’s ecosystem. It positions Tether at the forefront of reshaping the cryptocurrency landscape and challenging traditional finance.
Worldcoin Foundation and TACEO Unveil State-of-the-Art Biometric Security System
The Worldcoin Foundation, in collaboration with TACEO cryptography engineers, has introduced an advanced Secure Multi-Party Computation (SMPC) system. This cutting-edge technology enhances privacy while eliminating the need for Worldcoin’s previous iris code system, maintaining the same level of security.
The SMPC system leverages secure multi-party computation for Machine Learning, specifically tailored for iris codes, which are unique identifiers for users within the Worldcoin ecosystem. The system encrypts iris codes into multiple secret shares, distributed among different parties. Computations on these encrypted shares yield results without compromising the privacy of the iris codes. The Worldcoin Foundation’s SMPC system marks a significant advancement in biometric security, providing users with secure and private identity verification in the digital realm.
In conclusion, this week’s roundup underscores the continual evolution and expansion of the crypto sphere. From OKX’s trading platform launch in Australia to Binance Kazakhstan’s ISO certifications achievement, these developments underscore the growing maturity and reliability of cryptocurrency infrastructure. Robinhood’s staking introduction in Europe and Tether’s collaboration with the TON Foundation for a payment solution reflect the increasing accessibility and innovation in the industry. The unveiling of Worldcoin’s advanced biometric security system signifies ongoing efforts to enhance user privacy and security. As the crypto ecosystem advances, these milestones pave the way for broader adoption and acceptance in the financial mainstream.