Significant Development for These 25 Altcoins: Partnership and More!

February is about to close with the Ethereum rise scheduled for the 28th and the rally of Chinese cryptocurrencies. In this article, let’s list the latest partnership, investment, integration, network development and update news from the altcoin market.

Here are the hot developments of the day from 25 altcoin projects

• Binance has reactivated BinaryX’s BNX/BTC, BNX/BNB, BNX/BUSD and BNX/USDT spot pairs, which it suspended trading for a short time. The transactions that would normally open on February 24 have been delayed.
• LayerZero Labs announced the launch of its new product, Testnet Bridge, on February 21. The bridge will connect Ethereum and Ethereum’s Goerli testnet. It will allow developers to transfer assets between Ethereum and Goerli

• Gaming company Ubisoft has announced the release of NFT avatars for its popular Sandbox-based character, Rabbids. Avatars will be sold in NFT form on the Polygon (MATIC) network with 2,066 tokens. NFTs will be priced at 100 SAND, which is equivalent to $76.2.
• The anonymous founder of Blur, “Pacman Blur” revealed his identity. The founder, who kept his identity secret for 401 days, shared his life and his own photo on Twitter.

This altcoin project has secured $400 million

• Impossible Finance has announced its integration with Ethereum scaling solution Arbitrum. Integration aims to make quality projects accessible to everyone. It will enable projects to be more inclusive for local users of the Arbitrum community.
• It has been claimed that the Sei Network project has raised $400 million worth of funds. The funding, which has not been officially disclosed, was allegedly collected by the project developers.
• South American blockchain technology company IoV Labs has released the Rootstock Infrastructure Framework (RIF) Flyover, designed to enable seamless Bitcoin (BTC) transfers. RIF will act as a bridge between Bitcoin and the Rootstock sidechain to enable faster transactions.
• Australian blockchain gaming firm Immutable cuts its staff by 11%.
• IOTA developers state that GoShimmer DevNet is closed after the testing phase, so conflict DAG has yet to reveal it. In another development, IOTABee has registered more than $1 million total locked value (TVL) on the IOTA Blockchain network.

OneCoin founder may have been killed

The founder of the scam altcoin project OneCoin was allegedly killed in 2018. According to the Investigative Reporting and Data Bureau (BIRD), a police agent found dead in Sofia had documents confirming the murder of founder Ignatova. Ignatova was killed on a yacht in Greece in November 2018. It is also stated in the document that his body was dismembered and thrown into the Lonian Sea.

Binance announces new French partner

• Cartesi (an application-specific batch execution layer with a Linux runtime) launched the Community Grants Program, which funds developers to help build and expand the Cartesi ecosystem.
• Alchemy Pay announced its new management structure and senior staff appointments. Andy Ng, Ethan Wang, Javier Mascherano, Jonas Cernius, Molly Zheng, Robert McCracken and Shawn Shi are new senior members of the project team.
• BENQI, an algorithmic money market protocol on Avalanche, has integrated Chainlink Proof of Reserve and Automation “to help secure cross-chain DeFi transactions for BTC, ETH, DAI, USDC and USDT.”
• Aptos (APT) has announced that the next World Tour Hackathon will be held in Amsterdam from 5-7 June 2023.
• Binance has partnered with France’s payments giant Ingenico to streamline crypto payments and improve global crypto adoption.

Defendant altcoin project with SEC announces it will continue its activities

• Gala Games has acquired Ember Entertainment and announced that it will include all of Ember Entertainment’s mobile games in Gala. The collaboration will include Web3 reward mechanisms and games will be released one after another.
• Ethereum core developer Tim Beiko has announced that the Sepolia Shapella upgrade will take place on February 28 at 07:00.
• DEX platform DyDx (DYDX) has reached the top 10 most purchased tokens among the 1,000 largest Ethereum (ETH) whales.
• Charles Cascarilla, CEO and co-founder of Paxos, the company authorized to issue BUSD, confirmed that Paxos will continue to “invest in setting the standard as a regulated blockchain infrastructure provider” by resolving uncertainties and concerns among the community. We have included the sanction that the SEC has recently imposed on the company in this article by Kriptokoin.com.
• The Japan branch of FTX, which went bankrupt in November, announced that it has resolved issues with users’ Bitcoin (BTC) and XRP withdrawals.

Cloud company is collaborating with these altcoin giants

• According to token burn tracker Shibburn’s website, the SHIB burn rate has increased by over 708% in the last 24 hours. The increase is thought to be directly related to the Shibarium, which will be released next week.
• Tencent Cloud announced that it is collaborating with major altcoin projects Ankr, Avalanche, Scroll and Sui. The partnership will support the projects’ joint efforts in Web3 development. Tencent Cloud has also partnered with Decentralized Blockchain network MultiversX (EGLD).
• Archblock, which released the TrueUSD stablecoin, announced that it will use Chainlink’s proof-of-reserve verification system.
• Azra Games raised $10 million from A16z to develop NFT-based games. Other investors include giants such as NFX, Coinbase Ventures, Play Ventures and Franklin Templeton.