Blockchain Industry News

Current affairs of Blockchain and related business news…

Blockchain

Nakamoto Games is building its first AAA Game. Escape is a high-end, multiplayer, 3D game which will be released within this quarter. The whole game is developed in-house. NAKA is getting ready to takeover.

UpOnly is pleased to announce a new partnership with the upcoming blockchain and play2earn gaming project Bot Planet. UpOnly will receive invaluable on-chain data generated by the Bot Game and will also host a dedicated page for the gaming project.

Bitcoin

Bill Miller says 50% of his net worth is now in Bitcoin while the other half is tied to Amazon stock. The legendary investor thinks that Bitcoin is like insurance and has significant benefits over gold.

Bitfarms purchased more than $43M in Bitcoin to start the new year.

Mark Cuban says Bitcoin is not and will never be an inflation hedge. Bitcoin will never be a hedge against inflation, while Dogecoin is “good for spending,” Mark Cuban opined.

Bitcoin shoots to $44,000 as US inflation hits 7.8% in December. The United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. The price of Bitcoin reached nearly $44,000 upon the news.

Cash App integrates Bitcoin Lightning Network for faster BTC transfers. The layer-two protocol addresses the historic limitations of BTC to improve speeds while reducing transaction fees.

Crypto

Justin Sun moves $166 million stablecoins from exchanges to his address.

Binance Labs backs $200M Oasis Ecosystem Fund. The VC firm has thrown its weight behind several blockchain projects with a focus on Web3, decentralized finance and cross-chain capabilities.

Hong Kong Monetary Authority aims to oversee stablecoin reserves. HG’s central bank is inviting global stablecoin operators to respond to its proposed rules.

Derivatives are coming to Coinbase, following purchase of FairX. America’s largest crypto exchange announced it has acquired derivatives exchange FairX and plans to begin offering derivatives trading to US customers in the future.

2TM Group, the parent company of Brazil’s largest cryptocurrency exchange Mercado Bitcoin, reportedly acquired a controlling stake in Portuguese-based digital asset trading venue CriptoLoja.

China aims to separate NFTs from crypto via new blockchain infrastructure. China does not want its crackdown on cryptocurrencies to cause the country to fall behind in the NFT boom.

Visa survey shows that 24% of SMBs plan to accept crypto payments. Crypto holders want to use their assets to shop and stores around the globe are starting to take heed.

Political parties in Thailand oppose the finance ministry’s 15% tax on crypto profits law.

Digital Currency

Binance taps former central bank exec to push compliance in CIS and Russia. Binance makes another major strategic move in one of the world’s biggest cryptocurrency miner regions.

FTX founder urges regulators to create a unified crypto framework. FTX exchange founder and CEO calls out regulators to create a single regulatory framework for digital assets.

Swiss Digital Asset Bank SEBA raises $119M to grow international and institutional adoption. The banking platform will use the additional capital to expand into new priority markets globally, including the Middle East.

Owner of Russian bank Tinkoff acquires Swiss digital asset firm. Russian banks have been increasingly moving into the digital asset market despite the Bank of Russia’s hostility toward crypto.

NFT

NFT marketplace aggregator Flip has raised $6.5 million in a seed funding round. Flip is co-founded by UpOnly podcast host Brian Krogsgard.

Read our previous blogs here.

Credit: Telegram VYSYN – Capital News

 

Mansi Nashte
Mansi Nashte
Articles: 123

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