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Blockchain KuCoin Wallet provides users with simple access to all Avalanche native assets. KuCoin Wallet completed the full integration of the Avalanche ecosystem. Avalanche, one of the biggest blockchains for launching decentralized applications, and the KuCoin Wallet that support multi-chain aggregation powered by the KuCoin ecosystem have formally announced their integration partnership. As per a report, KuCoin Wallet provides users with simple access to all Avalanche native assets through the integration. Welcome to #Avalanche https://t.co/vziXQI5q7B — Avalanche ???? (@avalancheavax) February 23, 2023 Jeff Haul, The head of KuCoin wallet stated: The integration of Avalanche into KuCoin Wallet is just a…
The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. However, there is no need for caution anymore as the “battle has been won” between fiat and crypto, according to BIS.BIS general manager Agustín Carstens, who made the claim, highlighted that “technology doesn’t make for trusted money,” among further criticisms of crypto in an interview with Bloomberg. Crypto has lost the argument that it’s an alternative to fiat currency, the head of the Bank for International Settlements says https://t.co/xZKFHEj3b2— Bloomberg Crypto (@crypto) February 22, 2023 As the central bank for central banks, the…
Blockchain With the addition of Optimism and Arbitrum, two expanding networks in the crypto world, MetaMask Bridges now supports a total of six bridging networks for the popular web wallet (Ethereum, Avalanche, BNB Chain, Polygon, Arbitrum, Optimism). Why settle for one network when you can have six?MetaMask Bridges now supports L2 networks Arbitrum and Optimism, making hopping around the crypto ecosystem easier than ever????https://t.co/pCg6QiEBbP — MetaMask ???????? (@MetaMask) February 22, 2023 The wallet provider is continuing to invest in new products with a focus on usefulness in an effort to become a gathering place for cryptocurrency enthusiasts. The inclusion of…
NFT A collection of prized NFTs purchased by Three Arrows Capital (3AC), the failed crypto hedge fund, will soon be put up for sale. 3AC’s liquidators, Teneo, notified interested parties about the sale on Feb. 22, according to a filing. Christopher Farmer, a senior managing director at Teneo, wrote that the purpose of the sale “is to realize the value of the NFTs for the purposes of the liquidation,” adding that it is expected to commence within 28 days of the notice. The NFTs on sale are separate from the Starry Night Capital portfolio, which was assembled by the pseudonymous…
In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In other news, find out how NFTs will act as “high-end properties” during the market booms, and don’t forget this week’s Nifty News, featuring an NFT artist receiving $150,000 for a meme on Ordinals. eBay NFT platform KnownOrigin launches creator smart contractEBay’s NFT marketplace KnownOrigin announced the launch of creator smart contracts…
Square Enix, the Japanese video game publisher known for iconic franchises like Final Fantasy, Dragon Quest, and Kingdom Hearts, has teamed up with Polygon to launch its Symbiogenesis project, an interactive Web3 NFT-based game set to go live in the spring. This game is a unique blend of digital collectibles and virtual adventure games, set in a mysterious floating continent. Players can explore the stories of different characters by owning digital collectible art that represents them. In recent years, Square Enix has explored the Web3 arena through various initiatives. However, Symbiogenesis marks a significant milestone as it is the company’s…
The United States Congress needs to take control of crypto legislation and make it a more “open process” where the entire marketplace is looked at “comprehensively,” suggests Kristin Smith, CEO of the Blockchain Association — a prominent U.S. crypto industry nonprofit.In a Feb. 22 Bloomberg interview, Smith said the industry needs U.S. lawmakers to lead crypto legislation despite it making the process “very slow,” with regulators “stepping in” in the interim.Smith noted that despite regulators “moving very quickly,” progress on legislation is happening “behind closed doors,” suggesting it’s vital for more industry involvement in an “open process,” which would involve…
A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace. According to the team behind crypto wallet ZenGo, they created an NFT hack detector using a simple method. This includes tracking realized NFT trades in the NFT marketplace and comparing the trade amount of the NFT collection’s floor price. If the ratio between the two trade values is suspiciously low, it will get flagged as a potential hack. ZenGo wallet dashboard for detecting NFT hacks. Source: Dune AnalyticsAt the time of writing, the…
NFT Music streaming Spotify is testing a new service called “token-enabled playlists,” which allows holders of non-fungible tokens (NFTs) to connect their wallets and listen to curated music. Currently, the service is available to token holders within the Fluf, Moonbirds, Kingship and Overlord communities. The curated playlists will be actively updated during the three-month testing period and can only be accessed by community members via a unique link. Web3 gaming and media universe Overlord tweeted on Wednesday that holders of its lizard-themed Creepz NFT project can connect their Web3 wallet on Spotify to access the project’s community-curated “Invasion” playlist. Overlord…
Attorneys working on behalf of former FTX CEO Sam Bankman-Fried have agreed to pay for a security expert to assist the federal judge overseeing his fraud case in navigating modern encryption technology to aid in possibly modifying Bankman-Fried’s bail terms.Bankman-Fried lawyers Christian Everdell and Mark Cohen sent a letter to Judge Lewis Kaplan on Feb. 21 agreeing with his proposal for a technical professional to aid him.According to the letter, “the defense has already begun researching and contacting possible experts and anticipates being able to propose one or more potential candidates to the court by the end of the week.”NEW:…
