Defi News, Digital economy, NFT News

CRYPTO HOT NEWS 07/22/2022 to roll out Google Pay integration as Big Tech continues to embrace crypto

Global cryptocurrency wallet and exchange platform is adding Google Pay as a payment option for Android users to buy cryptocurrencies. Once the integration goes live next week, users that have set up their Google Pay accounts to be linked with a credit or debit card will be able to choose the payment option when on the app.

Web3 platforms launch the Open Metaverse Alliance

Blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 (OMA3) to overcome the interoperability challenges of the industry. OMA3 will be established as a decentralized autonomous organization (DAO) to ensure a governance system that is “transparent and user-centric.”

Mercado Bitcoin plans to expand to Mexico

Mercado Bitcoin CEO Reinaldo Rabelo said the company could begin operating in Mexico sometime in 2022, pending regulatory approval. Rabelo said in an April interview that acquiring a crypto exchange was an easier route to operate in a new market to avoid starting from scratch.

Turkish crypto exchange joins COPA to fight against ‘patent trolls’

Major Turkish crypto exchange BtcTurk has joined the crypto patent alliance (COPA) to team up with prominent firms in their mission to provide open access to patents and empower the adoption of crypto technologies. Özgür Güneri, the CEO of BtcTurk, said that the firm joined COPA to protect technologies within crypto, especially Bitcoin.

Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade

South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem. Uprise is making arrangements to compensate 40% of the loss incurred by customers tied to its disastrous short bet on the token.

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