Author: Jeremy Ryan

With 2022 in the past now, many crypto users hope the FTX crisis will also remain a mere bitter memory from last year. While the effects of the crash of one of the biggest CEXs in the crypto industry are still rippling through the space, one platform is taking bold steps to ensure the security of its customers’ funds.Gracy Chen, managing director of Bitget shares her views and tips on making it through the crypto bear market.Q: How does Bitget ensure the security of customer assets?Bitget always strives to provide a secure, one-stop trading solution for users. We have taken…

Blockchain A community “temperature check” vote to see which cross-chain bridge would be utilized for decentralized exchange Uniswap’s third iteration swung decidedly in favor of Wormhole. But there’s a catch. Today’s outcome isn’t technically final. An official vote to approve Wormhole as a bridge between Ethereum and the BNB chain is yet to come. But a behind-the-scenes fight among deep-pocketed crypto investors could potentially swing the outcome in a different direction, three sources tell The Block — with hundreds of millions of dollars at stake. The fight involves venture capital firms a16z and Jump, which back LayerZero and Wormhole, respectively.…

Blockchain Little known outside of Japan, Astar Network, a blockchain in the Polkadot (DOT) ecosystem, has gotten noticed by one of the world’s largest private enterprises: Toyota Motor Corporation. A developer hackathon, which starts on Feb. 25, will be held in a metaverse environment on the Astar Network with Toyota as its main sponsor and one of the judges evaluating participating teams. The amount of Toyota’s sponsorship was not disclosed, but the Astar Foundation and the Polkadot-focused Web3 Foundation are kicking in $75,000 and $25,000, respectively. Making it in Japan Shun Ishikawa, chief operating officer at Astar Network, told Blockworks…

NFT Fantasy Sports brand Sorare has partnered with the FA in a deal worth $30 million. The major announcement sees the Paris-based Web3 company launch official playing cards of all 20 English Premier League clubs into its NFT collection.As well as introducing Premier League NFTs, Sorare also announced several updates to its gameplay. This includes only being able to play against players using cards from the same league.To further the challenge, Sorare also launched capped-mode tournaments that limit high-value players in each competition. With these newly implemented features, it’s expected that you’ll experience greater challenges when playing within your preferred…

The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30.LBRY Hearing: The Stakes for ALL Crypto https://t.co/YPbrBkw0Od— CryptoLaw (@CryptoLawUS) January 30, 2023 In what many called a victory for the entire crypto industry against the SEC’s overreach regulation by enforcement, Attorney John Deaton settled a major debate during the appeal hearing. The SEC was awarded summary judgment in its favor during the Nov. 7, 2022 hearing. The…

NFT NFTZ, widely touted as the world’s first exchange-traded fund for NFTs, is shutting down. Defiance ETFs announced Tuesday that it will “close and liquidate” NFTZ, its Defiance Digital Revolution ETF, by February 28. When it kicked off trading in December 2021, Defiance ETFs co-founder and Chief Investment Officer Sylvia Jablonski said NFTs “could be bigger than the internet.” NFTZ tracked companies involved in the NFT (non-fungible token) and cryptocurrency space—including toy collectibles company Funko, online marketplace Ebay, and digital asset exchange Coinbase. Shares of the Fund were listed on the New York Stock Exchange. The fund fell 11% to…

If you’re a Doodles NFT holder, you’d better get ready to enjoy the long-awaited Dooplication feature tomorrow! Basically, this new option allows current holders to claim brand new Doodles 2 Wearables and an exclusive Beta Pass. The Doodles 2 assets are tradeable, and you can even use the Dooplicator on somebody else’s Doodle NFT. This option opens a new world of possibilities for the Doodles community and not only! Doodles’ latest exciting feature Dooplicator is launching tomorrow for community members (and not only)! What Is Doodles’ NFT Dooplicator? The latest update on the Doodles 2 NFT drop, the Dooplicator, will…

Blockchain Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force. According to the announcement, the investment will be used to develop blockchain applications in supply chain management and programs that will be used by several government organizations, including the Office of the Undersecretary of Defense for Research & Engineering, the USAF, the U.S. Navy, the U.S. Army and the Defense Logistics Agency. SIMBA Chain has…

NFT The battle for market share over non-fungible token (NFT) creators and collectors has escalated to new levels. According to speculation on Twitter, zero-fee platform Blur has found a loophole to bypass collections blocklisted by leading platform OpenSea – intensifying the competition between the two marketplaces. On Monday, Twitter user “Panda Jackson” posted a Twitter thread sharing details of the supposed loophole, explaining that Blur created a new marketplace on Seaport, a protocol that OpenSea released in May 2022. OpenSea and a handful of other marketplaces including fractional NFT platform Tessera and the ApeCoin marketplace are built on the Seaport…

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKMA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times.On Jan. 31, the HKMA issued the consultation conclusion to the discussion paper on crypto and stablecoins, summarizing the feedback from 58 submissions. In its summary, the regulator repeats the popular formula of a “risk-based and agile” approach, which is necessary for the maturing crypto industry. Based on the consultation process, the regulatory arrangements are expected in 2023/24,…