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The United States Financial Crimes Enforcement Network (FinCEN) — a bureau of the Treasury Department — has argued that Binance is linked to the illegal cryptocurrency platform Bitzlato.In an order published on Jan. 18, FinCEN stated that the Binance cryptocurrency exchange was among the “top three receiving counterparties” of Bitzlato in terms of Bitcoin (BTC) transactions.According to the authority, Binance was among the biggest counterparties that received Bitcoin from Bitzlato between May 2018 and September 2022. Other counterparties included Russia-connected darknet market Hydra and the alleged Russia-based Ponzi scheme known as “Finiko,” FinCEN noted.On the other hand, FinCEN did not…

Blockchain Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and more recently, the film industry. This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film “Fuzzy Head,” which received its funding through the blockchain-powered crowdfunding platform Untold.io. Ali Aksu, the CEO of Untold.io, told Cointelegraph that filmmakers, as in the case of Fuzzy Head, can use blockchain technology to democratize their financing process and open up investment opportunities to both accredited and unaccredited…

NFT BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and third place with 14.5 million 13.3 million transactions, respectively. Meanwhile, BNB Chain only recorded 1 million NFT transactions throughout the year. dApp Integrations Even though it recorded a 7% decrease since 2021, BNB Chain remained at the top of the list by integrating 2,163 dApps…

Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value.A new DappRadar report on blockchain and decentralized application (DApp) adoption in 2022 revealed that the NFT sale count last year reached 101 million — a 67.57% increase from the previous year.According to the report, the Ethereum ecosystem holds the top spot in the NFT ecosystem, holding 21% of the market share and over 21.2 million transactions processed. It is followed by Wax (14.5 million), Polygon (13.3 million) and Solana…

Guild of Guardians is attempting to redefine Web3 gaming with its Esports Exclusives digital collectible sale, which will take place at 6pm EST on February 8. The sale is a celebration of an earlier partnership with eight top esports teams, including, NAVI, NRG, TI, Cloud9, Fnatic, Team Liquid, Ninjas in Pyjamas, and SK Gaming.According to a tweet from the official Twitter account, the sale represents a “historic first where the eSports teams will be repped by playable characters in game that players can truly own.” Eight legendary eSports heroes will represent each eSports team, with each hero going for about…

With so many P2E players obsessed with crypto rewards today, the main component seems to be lacking – it’s the gaming fun itself. The good news is that Junkeering is here to change things back to normal. This game with a thrilling narrative, detailed storyline, and PVE/PVP modes is sure to turn the world of P2E gaming upside down with outstanding gameplay and stunning graphics. Today Junkineering has united with Spintop, a leading Web3 gaming hub, to expand the game’s outreach and bring fun to avid gamers. Now users have a unique chance to try the new hit out and become…

NFT A new NFT game Dookey Dash has been unveiled by Yuga Labs, the business behind the well-known Bored Ape Yacht Club (BAYC) NFT collection. However, which will require players to compete in a skill-based game. Owners of Mutant Ape Yacht Club (MAYC) and BAYC NFTs will be eligible to receive a free “Sewer Pass.” Anyone holding the Sewer Pass NFT is able to play the skill-based “endless runner” NFT game Dookey Dash. Also, which is comparable to Temple Run and Subway Surfers. Dookey Dash was scheduled to launch on January 18. By gathering items and completing quests in the…

Imagine the herculean task of moving a prominent project from one blockchain to another. From transferring assets to adjusting protocols and carrying the community along, it is no small feat. Luckily for Synergy Land, which is looking to move from Solana to Polygon, it will be getting some help. This comes as Xternity, a Web3 gaming development platform, has teamed up with Polygon to facilitate a smoother transition for the game. How Will The Move Work?Users of Synergy Land can rest easy during the transition, as Xternity’s network migration tool is designed to seamlessly move projects of all types across blockchains. In…

A commissioner from the United States Commodity Futures Trading Commission (CFTC) has called on Congress to stop allowing cryptocurrency exchanges to “self-certify” and list tokens without oversight.CFTC commissioner Christy Goldsmith Romero told an audience at a Jan. 18 University of Pennsylvania event focused on FTX that the current process wasn’t adequate to ensure proper oversight, saying:“I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing, under the current process that limits CFTC oversight.””It is critical to institute guardrails against regulatory arbitrage, and that includes prohibiting the use of the self-certification process,” she added.Currently, crypto exchanges can “self-certify”…

Trump NFTs daily sales surge by 800%Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has witnessed a massive resurgence in daily sales volume in recent days.Compared to Jan. 17 sales volumes, Jan 18. and Jan. 19 saw spikes of 800% and 600% respectively, according to market metrics aggregator Cryptoslam.Some pundits believe the renewed interest could be due to his imminent return to social media networks, following reports that the former president was seeking to rejoin Facebook and Twitter ahead of the 2024 presidential election campaign.NFT Watch: Trump Digital Trading Cards see 88% increase in floor price…