Illuvium kicks off 2023 with release of third blockchain game
Australia-based blockchain gaming studio Illuvium will release an alpha version of Illuvium: Zero.
Zero is a building game where players can develop and manage their “digital industrial complex.” Among the features, land NFT holders will be able to earn from their NFTs by extracting fuel and selling it on the game’s marketplace.
Justin Sun moves $100 million of crypto to support his exchange Huobi
Crypto mogul and Tron founder Justin Sun moved $100 million of his stablecoins to his crypto exchange Huobi after news dropped that it was cutting staff.
Huobi’s stablecoin reserves jumped to 732 million tokens from 657 million tokens in the span of an hour on Friday, according to data from researcher CryptoQuant which appear to support Nansen’s findings.
Highlights of the week
PiBridge announces reserve for $PI
$DOGE announces new development fund
$TRX joins the Enterprise Ethereum Alliance
$JOE DEX and NFT Marketplace will expand to BNB Chain
Shopify merchants can now design, mint and sell $AVAX NFTs
$BONK1M airdropped 50% of the total supply to $SOL NFT holders
Mastercard partners with $MATIC to launch Web3 musician accelerator program
NFT project accepted $3M to move its collection to Polygon
The team behind y00ts and DeGods were paid $3m to move their collections off Solana and onto Polygon, according to a January 6 announcement from the company.
The funds will allegedly go into hiring new employees for “business development, graphic design, content creation, and events coordination,” which will allow the projects to gain more mainstream acceptance. In the previous days, DeGods and Y00ts revenue accounted for nearly 70% of total trading volume on Solana NFT, according to Magic Eden.
SHIBA INU takes a hit as whale moves $28.7 million in SHIB
As per data from Whale Alert, a massive Shiba Inu transfer has been recorded on the Ethereum blockchain in the past day.
In total, this transaction involved a movement of 3,373,256,285,000 SHIB, which was worth upwards of $28.7 million at the time of the transfer.
Mastercard partners with Polygon to launch Web3 musician accelerator program
Global payments giant Mastercard is ramping up its exposure blockchain tech yet again, after announcing a Polygon-based accelerator program to help musicians build their careers via Web3.
The program will help five emerging artists set up and manage their brands in the Web3 space, and is also aimed at educating people in the music scene on what avenues Web3 tech can offer them.
Israeli securities regulator moves to establish crypto legal framework
The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in Israel, according to the regulator.
The regulator released a proposal in January 2023, outlining its purpose to achieve the “double value” of responding to the risks associated with investing in digital assets alongside giving the authority means to adopt a regulation.
Cardano’s Djed stablecoin scores new partnership ahead of launch
The COTI network has announced a new Djed partnership, this time with Yepple, a blockchain development startup that offers NFT payment gateways that accept any fungible native token as payment.
The agreement, according to COTI in a blog post, aims to ensure optimal Djed usage throughout the whole Cardano ecosystem. Particularly, this collaboration will improve the integration of Djed payments for NFTs on Cardano.
Binance joins the Association of Certified Sanctions Specialists (ACSS)
Binance announced to join the Association of Certified Sanctions Specialists (ACSS) to further compliance standards within the crypto industry. Binance is the first crypto exchange to formally join the association.
All compliance professionals on the sanctions team as well as the money laundering reporting, compliance operations, and special investigations leads within Binance will be required to undergo training with ACSS as part of the certification process.
French central bank governor pushes for crypto licensing ahead of EU laws
The Bank of France’s governor has called for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets.
Currently, crypto businesses providing crypto trading and custody are required to be “registered” with the Financial Markets Authority (AMF), the country’s market regulator.