When Minecraft announced in July 2022 that it would prohibit NFTs on player-run servers, it sent shockwaves across the Web3 community. However, that intended action has not yet taken place, albeit it is still on the horizon about a year later. In a blog post published last summer, Mojang, a
June 10, 2023 1 min read
The Finance Act, 2023 was signed into law by outgoing Nigerian President Muhammadu Buhari on his last day in office, May 28. The legislation enacts a number of tax changes designed to bring the country’s tax system into the contemporary era. Gains from the sale of digital assets, such as
June 10, 2023 1 min read
Circle Internet Singapore, Circle’s subsidiary in Singapore, has been granted an MPI license by the Monetary Authority of Singapore (MAS). Circle Singapore launched its office in May after receiving in-principle MPI permission from MAS in November last year. Circle, the fintech company behind the USDC and Euro Coin (EUROC) stablecoins,
June 8, 2023 2 mins read
Aave’s recent posting of its ARFC (Aave Request for Comments) proposal on the governance forum is a major step forward for decentralized finance (DeFi). GHO, a native stablecoin, is proposed in this white paper for use on the Ethereum mainnet. Moreover, this user-focused effort allows anyone to mint GHO tokens
June 8, 2023 2 mins read
The innovative move-to-earn initiative Sweat Economy is introducing a new governance vote today in the Sweat Wallet app, allowing the community to determine what will happen to 2 billion idle SWEAT tokens in inactive user accounts. The 2 billion SWEAT tokens, or around 13% of the entire supply, are now
June 7, 2023 2 mins read
Jack Dorsey, a staunch supporter of Bitcoin, has been embroiled in a Twitter spat with numerous crypto industry analysts. This is after answering “yes” to a query on whether or not Ether qualified as a security. Bitcoin Ordinals developer at Taproot Wizards Udi Wertheimer saw the message and tweeted on
June 7, 2023 1 min read
Despite the potential advantages connected with central bank digital currencies (CBDCs), the UK government should carefully assess and endeavor to minimize any risks linked with the establishment and possible adoption of the so-called digital pound. This is especially important “in relation to financial stability, privacy, and security risks,” according to
June 6, 2023 1 min read
Illuvium, an Ethereum blockchain video game developer, and GameStop, a video game and consumer electronics company, announced on June 5 that they will be working together to release a collection of 20,000 non-fungible tokens (NFTs) on June 12. Developers claim that each “Illuvitars” NFT is a “dynamic collectible work of
June 6, 2023 1 min read
Online interest in “crypto” and other commonly used cryptocurrency keywords has slumped to late 2020 levels, after a two-month slowdown in cryptocurrency excitement. The phrase “crypto” presently has a score of 17 on Google Trends, which is much lower than the reference point of 100 in May 2021. Both Bitcoin
June 5, 2023 1 min read
Users on Twitter have reported losing their entire cryptocurrency holdings after using Atomic Wallet, suggesting that the wallet has been compromised. Since Atomic is a non-custodial decentralized wallet, its users bear full responsibility for their funds. Atomic’s team on Twitter stated: “We have received reports of wallets being compromised. We
June 4, 2023 1 min read