SHIB whale accumulates massive amounts of altcoins
On Feb.8, the third largest Ethereum-SHIB whale, who holds 35 trillion SHIB worth $1,142,738,05, made three impressive purchases.
The investor acquired 90 yearn.finance (YFI), worth $2,321,640 and 15,000,000 Fantom (FTM), paying a whopping $34,050,000 for that amount of crypto. The third crypto acquisition made by this whale was Quant — 49,999 QNT worth $7,285,999.
Russian government and central bank agree to treat Bitcoin as currency
Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets set to be launched on Feb.18.
Kommersant noted that Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not prohibited; however, they must be done through a “digital currency exchange organizer” (a bank) or a peer-to-peer exchange licensed in the country.
SHIBA INU enters the Metaverse with ‘Shiba Lands’
SHIBA INU developers have stepped up their metaverse game by announcing a new project called Shiba Lands. Shiba Lands is digital real estate that would be found inside the upcoming SHIBA INU metaverse and will be available for purchase or auction using LEASH tokens.
Binance announces strategic partnership with YG entertainment
Binance, the world’s leading blockchain ecosystem has announced a strategic partnership with YG Entertainment Inc. (YG), one of South Korea’s leading multinational entertainment corporations.
As part of the strategic partnership, Binance and YG will cooperate on a range of blockchain projects, including collaborations in the NFT space. Binance will provide the NFT platform and technology infrastructure while YG will supply NFT content and gaming assets.
Japan’s biggest bank to issue yen-pegged stablecoin for settlement
The trust banking arm of Mitsubishi UFJ, Japan’s largest bank by assets, is planning to use blockchain technology for securities trading and set up the stablecoin as a means of payment to enable instant settlement of securities transactions, according to a report by Nikkei.
ITAMCUBE grew by 119.28% after 1 week
In the past 24 hours, ITAM CUBE, the token operating in the ITAM Games platform, has risen by 28.87% with an explosive transaction volume of 636.47 thousand USD, an impressive number compared to the previous 10 days’ average of around 213 thousand USD.
Looking at the broader time frame, ITAMCUBE has increased by 119.28% in just 1 week.
Gala Games (GALA) to invest $5b for NFT expansion efforts
In a big bid to expand the NFT ecosystem, blockchain gaming studio Gala Games (GALA) on Monday confirmed that it will invest $5 billion within the next year.
Gala Games’ President of Blockchain Jason Brink confirmed that out of $5 billion, $2 billion will go into gaming, $1 billion will be allocated for the studio’s music ambitions as well as $1 billion will go for movies. Meanwhile, Gala theme park NFTs will bag the remaining $1 billion.
ZoidPay integrates EGLD into their virtual cards payments solution
Elrond announced that the crypto liquidity solutions provider ZoidPay has integrated EGLD as one of the main currencies in their platform. Their virtual cards can now be topped up with EGLD and used to make purchases from any online merchant that accepts VISA cards.
Furthermore, ZPAY token will be migrated on the Elrond Network, boosting the utility of the ZoidPay ecosystem and cashback token with internet-scale performance and low costs of settlement enabled by Elrond blockchain.
Polygon raises $450M from Sequoia Capital India, SoftBank and Tiger Global
Polygon raised about $450 million through a private sale of its native MATIC token in a funding round led by Sequoia Capital India with participation from SoftBank Vision Fund 2, Tiger Global, Republic Capital and other prominent investors.
The funds will allow Polygon to continue investing in cutting-edge zero knowledge (ZK) technology that will be key to onboarding the next billion users to Web3.
DeFi’s Aave launches Web 3 social media platform ‘Lens’
On Feb.7, Aave founder Stani Kulechov announced the launch of Lens, an open, composable Web 3 social media protocol allowing users to create NFT-based profiles that can store posts, publications and follower history.