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As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country. “The position is that there is nothing to be a problem because nothing has been done.”No details on the timeline and methods of the examination were provided, but…

NFT NBA Top Shot, the officially licensed basketball NFT platform that has generated more than $1 billion in sales to date, is headed to mobile with the launch of smartphone apps through Apple’s iOS App Store and Google’s Android Play Store. For NBA Top Shot users, the native apps aim to provide a smoother way to access and buy digital collectibles on the go. But for creator Dapper Labs, which developed the Flow blockchain and also runs platforms like NFL All Day and UFC Strike, it’s the first step in the company’s transformation into a mobile-first Web3 company. “The NBA…

A bi-partisan Anti-Money Laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and decentralized autonomous organizations (DAOs) will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.Warren, a vocal crypto critic, argued at the Feb. 14 Senate Banking Committee’s hearing entitled, “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” that the crypto community wants decentralized entities running on code to be exempt from AML requirements:“In other words, they want a giant loophole for DeFi written into the law so they can launder money whenever a drug lord or a terrorist…

Blockchain Pharmacy visitors expect quick service – to have their prescription filled quickly, or over-the-counter remedy purchased in just a few minutes. In this rapid interaction, little thought goes to the journey of that medicine from a microscope slide to mass production. In reality, the drug discovery process is incredibly time and research-intensive. Despite significant advancements in manufacturing and discovery, the average time to bring a drug from the initial stage to market is 10-15 years and costs millions of dollars. Emerging technologies are transforming healthcare and drug discovery. Artificial intelligence, for example, is doing the “dirty work” of drug…

While cryptocurrencies have been quite the rage over the past couple of years, nonfungible tokens (NFTs) have risen as an alternate asset class within the cryptocurrency ecosystem. This ecosystem is revolutionizing the world of art and gaming, among a host of other industries.Serving as a digital certificate that proves a collectible’s authenticity, NFTs also provide investors with proof of ownership and utmost security, aspects that have been instrumental in their proliferation as the future of representing real-world objects in the virtual world.As a result, NFTs are gaining increasing popularity among crypto investors looking to invest in metaverse platforms, with many…

Blockchain Japanese conglomerate SoftBank has become a validator of the Oasys gaming blockchain. Senior vice president and CIO of SoftBank Keiichi Makizono said that the parties “will work together to explore the development of blockchain-based services for the gaming industry.” What exactly is meant by blockchain-based services is not specified. Bandai Namco Research, SEGA, Square Enix and Netmarble are among the 21 original Oasys validators. Softbank added along with three more companies, bringing the total to 25. The Oasys blockchain is built on a proof-of-stake algorithm. This means that not miners, but validators are needed to verify the data. To…

Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class-action lawsuit.The proposed class-action lawsuit was filed in the United States District Court for the Northern District of California on Feb. 14 by lawyers representing a San Francisco-based FTX user who was frozen out of around $20,000 in crypto when the exchange collapsed last year.Plaintiff Soham Bhatia alleges that Silvergate Bank, its parent company Silvergate Capital Corporation and CEO Alan Lane were aware of…

Blockchain Important news for the crypto sector: Zeta has integrated Chainlink Price Feeds on Solana‘s mainnet. Blockchain oracles are at the heart of many decentralized finance protocols. They provide applications like Zeta with secure and reliable financial data that can be used on-chain, enabling the creation of innovative and open financial products. Chainlink Price Feeds on Solana’s mainnet: resilience and security Chainlink data feeds on Solana: how it works Nereus Finance also integrates Chainlink pricing feeds Chainlink Price Feeds on Solana’s mainnet: resilience and security The integration of Chainlink Price Feeds on the Solana mainnet will initially use the following…

Adult animated series ‘The Nouners’ marks a major milestone in the world of NFTs and television. This creative project from Nouns, the open-source intellectual property (IP) built on Ethereum NFTs, was brought to life by independent artists and made possible thanks to a $15,000 grant from the Nouns DAO community. The result is a one-of-a-kind experience that blends classic animation with the innovative technology of NFTs.‘The Nouners’ represents a bold new direction in the world of NFTs and sets the stage for a future of limitless creative potential. With its unique blend of style, technology, and storytelling, the show is sure…

Japan’s gaming giant is building a new experience called ‘Symbiogenesis’ on the Polygon blockchainSquare Enix is building its new NFT gaming experience on the Polygon blockchain. Indeed, the creator of Final Fantasy and countless other classics will launch its first NFT-driven experience in Spring. Symbiogenesis producer Naoyuki Tamate said in a statement: “Symbiogenesis was designed from the ground up on the blockchain and is designed to provide an exceptional experience for both community building and trading.” “Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans.”Symbiogenesis the NFT…