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NFT As a result, the OnChainMonkey NFT (OCM) project was the first 10K collection to be inscribed on Bitcoin using Ordinals. On the Bitcoin blockchain, all 1.3 billion combinations of OCM Genesis pictures are currently visible. OnChainMonkey is the first 10K collection to be inscribed on Bitcoin via Ordinals!Own an ETH OCM Genesis = Owning a BTC OCM GenesisAll on-chain on Bitcoin on Feb 8, 2023, and all on-chain on Ethereum on Sept 11, 2021! ????????/8 pic.twitter.com/AMuUlERJZM — OnChainMonkey (@OnChainMonkey) February 9, 2023 “It’s much more than a jpeg, it’s a generative collection inscribed on Bitcoin! We did it in…

Rumors of an impending crypto ban came to fruition on Feb. 9 with the Securities and Exchange Commission’s enforcement action against Kraken, which resulted in a settlement where the exchange agreed to end its staking services for American users. The action will likely extend to all companies based in the United States.Reactions were predictable depending on where you stand on crypto in general. Crypto advocates railed against regulators who are slowly asphyxiating this burgeoning industry, while skeptics celebrated crypto’s impending demise. The advocates have it right. Antagonistic regulators will force crypto into friendlier jurisdictions, which will reap the economic benefits.…

The recently launched Dookey Dash game by Yuga Labs has experienced a growing number of cheaters looking to boost their overall scores. Ranking first on the leaderboard is the ultimate goal, as this will guarantee an individual the top prize.Yuga Labs launched Dookey Dash, an endless runner game, three weeks ago with the promise of presenting the top scorer with a mysterious reward. In an effort to maximize their scores, some players have used “boosters.” These are hired players who will log into an account and frequently use cheats and exploits to record the highest possible score. However, these services…

The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it offered to its users.The news of the crackdown sent the price of Bitcoin (BTC) to a three-week low as investors became fearful of the regulatory enforcement. Ether’s (ETH) price also corrected on the news, cementing the token’s worst-performing day of 2023. While the overall crypto market was down after the SEC announcement, bright spots arose, with decentralized liquid staking tokens LDO, RPL and FXS quickly rebounding from…

Two members of the United States House Financial Services Committee have call out Securities and Exchange Commission Chair Gary Gensler “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried” based on his scheduled appearance at a hearing.In a Feb. 10 notice, committee chair Patrick McHenry and Representative Bill Huizenga, who chairs the Oversight and Investigations Subcommittee, said the timing of Bankman-Fried’s charges and arrest in the Bahamas raised “serious questions about the SEC’s process and cooperation with the Department of Justice.” The two lawmakers called on Gensler to provide records and communications from the SEC’s Division of…

United States Securities and Exchange Commission Chair Gary Gensler issued a warning to crypto companies to “come in and follow the law” after the agency announced a settlement with crypto exchange Kraken.Appearing on CNBC’s Squawk Box on Feb. 10, Gensler said crypto exchanges should register with the SEC in order to be compliant with regulations in the U.S., claiming that many within the industry were “choosing” not to do so. According to the SEC chair, the business models of many crypto projects were “rife with conflict,” claiming they needed to “disentangle” bundled products. “If this field has any chance of…

Paris’s leading contemporary art museum, the Centre Pompidou announced on Feb. 10 an upcoming permanent exhibition targeting the intersection between art and the blockchain represented by nonfungible tokens (NFTs). According to an announcement on Feb. 10, the Centre will feature NFTs from over 16 digital artists around the world, including popular collectables such as CryptoPunk #110 and Autoglyph #25, both donated to the Centre Pompidou.Le Centre Pompidou fait l’acquisition d’un ensemble d’œuvres traitant des relations entre blockchain et création artistique, dont ses premiers NFT ! Ce sont 18 projets de 13 artistes français et internationaux qui entrent en collection.Plus d’infos https://t.co/PXL4O2E9vh…

Project Red, who recently opened up their public alpha, now announce free to play weekends. Open to everyone on every other weekend, Project Red joins the growing group of high-quality FPS games available in the web3 space. Every other weekend (starting with the game open to all this weekend, Feb 10th-12th), the Project Red alpha will be free to play. Anyone can download the game and join in on the playtests for this new FPS with a Mafia theme. Though a larger world is planned, this current alpha is just for the Blood Arena, an FPS contest set within the…

The Virtual Asset Regulatory Authority (VARA) recently provided the much-awaited guidelines for virtual asset service providers (VASPs) in Dubai, United Arab Emirates, which included a ban on privacy coins.On Feb. 7, VARA released several rulebooks for VASPs including the “Virtual Assets and Related Activities Regulations 2023” in which VARA mentioned a prohibition on privacy coins. In the document, VARA wrote: “The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate.”Cointelegraph reached out to several players within Dubai and a privacy protocol project to find out how market participants feel about the updated guidance on…

The Bullieverse ecosystem continues to grow. And as a reward, and a way to distinguish those who have been supporting the project, Bullieverse released the first of their soulbound badges, known as BLISS tokens. BLISS, or Bullieverse Soulbound Badges, are soulbound (account bound) rewards as an ongoing, community recognition system. These badges track each owners participation in various activities across the Bullieverse. This first badge is for those who participated in Beary’s Bootcamp. This was a special staking event for anyone who hibernated their BarBearian NFTs earlier this year. In addition to the Badge, the Bootcamp event also provided hibernating…