BitMEX Announces Its IEO & BMEX Token, BaFin Goes After Coinbase Germany, Paradigm Launches Crypto Policy Council With US Politicians

Get your daily, bite-sized summary of cryptoassets and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.
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Exchange news

• BitMEX presented its first Initial Exchange Offering (IEO) today, launching its BMEX token, starting a new era in BitMEX where it will focus on crypto derivative products, a press release said. The BMEX token is available for trading starting November 11th.
• The Federal Financial Supervisory Authority (BaFin) ordered crypto exchange Coin baseits German unit to address a range of issues, such as risk management, staffing and IT systems. The regulator said the exchange must ensure it has effective risk management and internal controls in place after uncovering “organizational deficiencies” during an audit of the company’s accounts.
• OKX today launched the OKX Football Festival in anticipation of national football teams meeting this month in Qatar. The festival consists of the NFT Football Cup, the 2022 OKX Football Cup Trading Competition, and the Earn Super Hatrick fan token staking series. This event offers users the chance to win $3 million in prizes, and includes an effective free-to-play non-fungible token (NFT) minting event, a press release said.

Career news

• Venture capital company Paradigm has launched one Cryptopolitical Council which includes former US Speaker of the House of Representatives Paul Ryan and former US Congressman Steve Israel. Other members include Marta Belcher, Deb Callahan, Makan Delrahim, Nicole Elam and Parker Poling. “This team will advise Paradigm’s leadership team and help us tell the Web3 story in Washington and around the world,” the announcement said. Ryan is listed as a senior advisor along with Chris Brummer, director of Georgetown University‘s Department of International Economic Law.
• Payment platform Wirex in partnership with The Kryptonome announced the winners of the 2022 Rising Women in Crypto Power List. The 13 winners were chosen by the judges from over 200 entries, says the press release.

Investment news

• Crypto lending platform BlockFi has relaunched its crypto interest product after shutting it down after a The Securities and Exchange Commission (SEC) $100 million settlement. The product is restricted to accredited investors. “BlockFi Yield for Accredited Investors is ‘Phase 1’ to ensure *all* Americans have access to earn interest on their digital assets,” added in a tweet. “Beta testing will begin in the coming weeks, with a broader rollout to all eligible US customers this winter.”
• NEAR Foundation announced its integration with Binance Custody, an institutional-grade digital asset storage solution. Per a blog post, by supporting the NEP-141 standard, Binance Custody allows institutional users with NEAR holdings to use their storage infrastructure. The integration also makes it easier for Binance Custody to provide future support for any NEP-141-compliant tokens from projects that build on NEAR, it said.

Game news

• Tredjever’s group announced that it will be the first validator and node operator for the launch of Oasis mainnet, a public blockchain specialized in games with no transaction fees, an announcement said. Thirdverse Group is currently developing several blockchain games and intends to use the Oasys chain for some of its upcoming titles, it added.

Real estate news

• Spacious announced an official collaboration with Exclusive to bring luxury to the metaverse through its new collection of virtual real estate, said a press release. Exclusively in collaboration with Polycount, the official metaverse architecture studio, will launch two new rooms – a yacht and a water house exclusively on Spatial’s platform. With over 4 million minutes spent in Spatial each week, the company also announced Live Explore and social profiles to improve discovery of popular areas across the platform.
• Service provider for crypto assets CoinMENA announced a collaboration with Carlton Property, a Bahrain-based real estate agency, which allows investors in the kingdom to buy real estate with crypto-assets. Under the partnership, the Bahrain-based real estate agent will accept stablecoins such as USDT and USDC.