Sandbox Metaverse Alpha to launch Nov. 29 after four years in development

Exclusive Alpha NFTs

SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Animoca Brands’ virtual property and gaming firm The Sandbox is opening up part of its metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event. But only a handful of lucky players will get to enjoy the full experience. The Sandbox’s virtual gaming world enables users to monetize their time spent in the metaverse via a play-to-earn model. Players can purchase land and create nonfungible tokens (NFT)…

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Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0

Audius NFT

New “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to connect their Audius accounts with Phantom wallet, a crypto wallet centered around the Solana ecosystem. Aiming to increase…

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Binance issues 10 fundamental rights for crypto users

Binance boss Changpeng Zhao

Binance, one of the world’s leading cryptocurrency exchanges, announced its 10 Fundamental Rights for cryptocurrency users, which the largest cryptocurrency platform by volume, touts that it can serve as a guiding hand in regulatory discussions and can help with the development of global frameworks for crypto markets. These fundamental rights according to Binance are “meant to ensure safe access to emerging technologies, liquidity, and secure platforms among other steps to ‘protect users without limiting growth and innovation.” In an interview with Bloomberg, Binance boss Changpeng Zhao explained that the 10…

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$400 Million Worth of ETH Burned by OpenSea

Ultrasound.Money Burn Leaderboard

According to data from ultrasound.money, Ethereum hit 892,000 burned coins with more than 10% of those coming from NFT marketplace OpenSea. OpenSea’s rein in the burn rate has been untouchable since the NFT rally that started back in August with its peak in September. The only coin burn source that came close to the Ethereum NFT marketplace was Ethereum transactions made on a daily basis. In all, OpenSea has burned 100,854 ETH, which equals around $400 million worth of coins. Before the update, the same amount of coins would have…

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58% of video game developers are already using blockchain

game developers blockchain

A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles. Commissioned by blockchain platform Stratis and undertaken by insight agency Opinion, the new research surveyed 197 video game developers in the United States and the United Kingdom. The results showed that 58% of developers are beginning to use blockchain technology, and almost half of the respondents (47%) started incorporating nonfungible tokens (NFT). The study indicates developers’ confidence in blockchain and NFTs, as two-thirds of studios expect blockchain to…

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Zimbabwe may be the next country to embrace Bitcoin as legal tender

Zimbabwe hand flag

Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector. Zimbabwe’s government is considering utilizing Bitcoin (BTC) as a legal payments option to meet this growing demand and harness the technology, according to local news. According to the news, retired Brigadier Colonel Charles Wekwete, the permanent secretary and head of the office of the president and cabinet’s e-government technology unit, confirmed that discussions with businesses are…

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The Sandbox raises $93M to expand its NFT metaverse

Sandbox NFT metaverse

The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank Vision Fund 2. Marking SoftBank Vision Fund 2’s first investment into the crypto assets, The Sandbox’s Series B round saw $93 million raised with the participation of Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios and Samsung Next, among others. According to the announcement, The Sandbox aims to speed up the…

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Squid Game cryptocurrency collapses in a $3 million scam

Squid Game crypto scam

A cryptocurrency inspired by Squid Game successfully enticed enough investors to see its value soar to over $2,800… before its creators cashed out and vanished. The cryptocurrency called $SQUID, which wasn’t officially sanctioned by Netflix, launched in late October and rose up to 310,000 percent in value within just a few days. It was sold supposedly as a way to play an upcoming online game based on the South Korean series, in which people buried in debt are forced to play a deadly game. At 5:40AM on Monday morning, however,…

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Facebook Launches Novi Wallet Pilot With Ethereum Based USDP Stablecoin

Facebook Novi wallet

Facebook has unveiled the Novi digital currency wallet pilot in the United States and the Central American nation of Guatemala on Oct 19. While the wallet is free of any charges (at this time), operates with KYC and primarily focused on remittances, the interesting part is that Facebook has retired its Diem cryptocurrency project in favor of the Ethereum based Paxos issued USDP stablecoin – an ERC 20 token with custody services being sourced from Coinbase. The limited rollout carries the “Move the money instantly with no fees” allows the…

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Arab Bank has chosen Tezos to facilitate institutional custody service

Tezos token

Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations and high net-worth individuals. The 50-year old establishment partnered with Tezos in the hope of benefiting from the ecosystem’s inherent focus on energy conservation, low-gas fees and fast upgrades. Managing Director of Arab Bank Switzerland, Rani Jabban commented on the institution’s ambitions following the announcement: “Digital Assets are a cornerstone of our strategy, requiring strong agility while…

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El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC

Salvador Bitcoin Oil

Salvadoran President Nayib Bukele has announced that local consumers can enjoy a $0.20-per-gallon reduction in petrol prices when paying, using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter on Thursday. According to a rough translation, Bukele stated: “The state company Chivo negotiated with the largest gas station companies in our country, so that starting tomorrow, their stations will sell each gallon of fuel $ 0.20 cheaper, with Chivo wallet.” Bukele emphasized that there is no…

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Europe becomes largest crypto economy with over $1T in transactions

cryptocurrency transaction volume 2019-2021

The region of central, northern and western Europe, or CNWE, has emerged as the world’s most active cryptocurrency block, receiving over $1 trillion worth of digital assets over the past year, according to new research from blockchain analytics firm Chainalysis. The report, which was released Tuesday, found that the CNWE region accounted for 25% of global crypto activity between July 2020 and June 2021. The region witnessed a sharp uptick in transaction volume across all crypto sub-categories, especially decentralized finance, or DeFi. Chainalysis describes crypto transactions as anything involving trade,…

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Chinese regulators unite forces to crack down on crypto

CHina crypto ban again

The Chinese central bank is setting up a “coordination mechanism” with state agencies to continue battling crypto. The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country. The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity. 10 Chinese state authorities, including the PBoC, the Cyberspace Administration of China and the…

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YouGov poll finds 27% support for making Bitcoin legal tender in US

A new poll has found that 27% of United States residents support the government recognizing Bitcoin (BTC) as legal tender. According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as legal tender in the United States, and a further 16% of respondents would “somewhat support” it. The poll, which surveyed 4,912 U.S. residents, indicated that a larger number of Democratic respondents support the proposition than Republicans. Around 29% of Democrats stated they either strongly or somewhat…

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Mastercard acquires blockchain security start-up CipherTrace

CipherTrace Mastercard

Payments giant Mastercard has signed an agreement to acquire blockchain analytics start-up CipherTrace as it looks to accelerate and expand its cryptocurrency strategy. The company says that CipherTrace’s security and fraud detection capabilities provide “additional transparency and support” for the digital asset ecosystem. Mastercard plans to integrate the start-up’s suite of crypto intelligence solutions with its own cybersecurity offerings. It says this will help businesses looking to build out their own virtual asset offerings identify and understand risks and to “help manage their digital asset regulatory and compliance obligations”. Ajay…

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