Mon, October 5

Snoop Dogg Creates Music Video Via Web3 Firm Astro Project

The music video, animated in Unreal Engine, expands on the song’s use. Coinciding with the music video’s premiere, Astro gave out 11,111 digital donuts. Snoop Dogg is not new to Web3, NFTs and the metaverse world. His past collaborations and key interest in this sectors has been openly displayed by

October 17, 2022 1 min read

Ethereum Block Generation Turning Towards OFAC Compliance

The vast majority of blocks over the last day have been sent by relays. The Ethereum-based research and development team Flashbots created MEV-Boost. On Friday, 51% of the blocks generated on the Ethereum blockchain in the past 24 hours complied with the recommendations of the Office of Foreign Assets Control

October 17, 2022 2 mins read

Meta’s Metaverse Has Added a Brand-New Feature to Its Avatars

This week, Meta opened and displayed a clip of all-new avatars, featuring feet. Meta dropped their aim of 500K monthly active users by the end of the year to 280K. Facebook’s predecessor, Meta, is still having trouble reaching its target market in the metaverse’s Horizon Worlds. This week, the firm

October 17, 2022 2 mins read

Will the Cryptocurrency Market Get Back on Track?

The 24 hours global cryptocurrency market volume has decreased by 99.93%. Recently, Google announced it will accept crypto as payment for its cloud services. Still, the global cryptocurrency market is facing volatility. The most prominent cryptocurrency Bitcoin (BTC), decreased by more than 72% from its all-time high. Following that, the

October 17, 2022 2 mins read

CFTC Commissioner Plans to Define Retail Investors

She stated her intention to offer a new retail investor definition. Christy would begin by posting a more casual idea on the website and soliciting feedback. Given that the CFTC is expected to assume responsibility for spot crypto trading. Commissioner Christy Goldsmith Romero has said that the agency has to

October 17, 2022 2 mins read

NFT Marketplace Magic Eden Offers Zero Royalty Option

Solana NFT market fluctuations seem to have cornered Magic Eden at this juncture. Coral Cube would also provide dealers with option of selling NFTs without paying royalties. Solana NFTs have reignited the discussion about creator royalties. And markets that don’t pay them are finding willing traders and expanding their market

October 16, 2022 1 min read

UK FCA Appoints Binu Paul as New Digital Assets Department Head

To legally operate in the UK, crypto businesses need to get FCA-authorization. Paul served as the Financial Markets Authority of New Zealand’s lead fintech specialist. Binu Paul has been named the new head of digital assets at the Financial Conduct Authority, the primary financial regulator in the United Kingdom. Previously,

October 16, 2022 2 mins read

Proposal To Deploy Uniswap on zkSync Passes With 100% Votes

zkSync provides a scalable solution that allows for quicker transactions at reduced prices. The proposal passed with almost 100% of the vote in favor. Following the conclusion of a governance vote, the Uniswap decentralized exchange (DEX) will be integrated into the zkSync layer 2 privacy tool. Users of Uniswap, a

October 16, 2022 2 mins read

Crypto Service Providers Restrict Russians Amid Recent Sanctions

Crypto.com had added Russia to the list of nations it would not provide service. Bitmex, another marketplace, will also implement new limits. A number of service providers in the sector have made efforts to comply with the new restrictions imposed around a week after the European Union approved another set

October 16, 2022 2 mins read

Market Maker Wintermute Clears $92 Million Debt of TrueFi

Wintermute borrowed $92.5 million for a duration of 180 days. Now Wintermute owes $75M to Maple Finance and Clearpool. Concerns about paying back $189.4 million in debt arose when crypto market maker Wintermute lost $160 million in a hack. Excitingly, on Oct. 15, Wintermute repaid a $92 million Tether (USDT)

October 16, 2022 1 min read