Crypto
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Binance to launch Africa crypto awareness tour as adoption ramps up
With a 1,200% increase in received crypto volume between 2020 and 2021, the accelerated adoption of digital assets in Africa has captured the attention of multiple companies and organizations looking to take part in this growing market. Set to take place in June, the Blockchain and Cryptocurrency Awareness Tour (BCAT) is a Binance-powered ongoing awareness campaign that has been spreading knowledge and trying to cultivate a strong crypto community in Africa. By reaching out to university students, mostly in southeast Nigeria, the campaign hopes to increase crypto adoption among Nigerian youth, the predominant age group in the country. The main event will take place on June 4 at the Amadeo Event Centre in Enugu, Nigeria. Other stops on the tour include Uganda, Ghana and Cameroon. ...
Chibi Clash closes private funding round of $3m
Fantasy web3 gaming universe Chibi Clash closed a private fundraising round for $3 million with notable VC firms and angels. The round will secure starting capital ahead of an upcoming IDO, Cointext learned from a press release. Participants in the financing round included Polygon Ventures, Jump Capital, C² Ventures, Kyros Ventures, Alliance, Genblock Capital, NGC Fund, PANONY, PetRock Capital, Avocado DAO, Shima Capital, and Rainmaker Games. Key angel investors were Santiago Santos, Cozomo de’ Medici, Nick Chong, Jack Teoh, Peter Ing and more. Building a web3 gaming universe Chibi Clash is creating a web3 gaming universe around its flagship auto battler game under the leadership of a team of gaming industry veterans. In Chibi Clash Auto Battler, an asynchronous PvP game, playe...
Meta Apes is now live on the BNB Application Sidechain: gamers to ‘earn & truly own their in-game assets’
Meta Apes is a free-to-play and play-to-earn massively multiplayer online mobile-first game that is now live on the BNB Application Sidechain (BAS). According to a Tuesday press release, Meta Apes is available for Android devices on Google Play while Apple users will have to wait a bit longer. Creating a ‘community-oriented’ game Meta Apes takes place in a post-apocalyptic reality in which apes have already taken over the world and are eyeing an expansion to space. Players work with their Gang to become the strongest Clan and win a race to space. Meta Apes Business Lead Taylor Shim commented in the press release the “community-oriented” game offers traditional gamers the opportunity to “earn & truly own their in-game assets”. Since it is built on the blockchain, gamers benefit from a “...
Chains.com Unveils Deep Space Society – a Million Free Unique NFTs on Polygon
Tel Aviv, Israel, 31st May, 2022, Chainwire Chains.com, a multi-product MetaFi blockchain startup is celebrating the 500,000 users milestone by launching Deep Space Society – a collection of unique 1,000,000 NFTs designed by the Ukrainian artist, Kateryna Otian. The NFTs will be “airdropped” to qualifying Chains.com account holders at zero cost, beginning June 1st, 2022. Users can secure their Deep Space Society NFT allocation today by following the instructions published on Chains’ blog. “With nearly 500,000 accounts on the platform, Chains is growing fast and we want to show our gratitude to our early adopters,” said Anderson Mccutcheon, Chains.com Founder and CEO.“Meeting the requirements for an NFT allocation is easy for even the most novice Chains users and we expect hundreds of...
Singapore to explore digital asset tokenization on public chains
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. The Project Guardian initiative, which was announced during the Asia Tech x Singapore Summit on Tuesday, was spearheaded by Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. It will see MAS explore decentralized finance (DeFi) applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits to execute borrowing and lending on a public blockchain-based network. According to MAS chief finte...
How to get a job in the Metaverse and Web3?
Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like Meta, Roblox, Microsoft, OpenSea, The Sandbox (SAND), and the many others constructing it. So, if you want to know how to land a job in the Metaverse, you need to be aware of what your role may look like. Essentially, your job will involve a combination of blockchain, artificial intelligence, 5G, gaming and other Web3 technologies like augmented reality and virtual reality. In this article, learn the basic steps to landing a career in the Metaverse and Web3 fields. Build the required skill set The first step toward exploring jobs in the Metaverse is to gain the required skills and knowledge. For instance, a 3D character artist developing avatars will need to know Blender, ...
BNB Chain releases year-long technical roadmap to develop ecosystem
BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains, and potential for developer-built decentralized applications (dApps) to improve performance and efficiency. Announced at BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder incubation programme for aspiring Web3 software engineers. In February this year, Binance Chain and Binance Smart Chain were merged to form what is now referred to as BNB Chain, a multi-chain infrastructure layer supporting the new ecosystem, as well as BNB governance mechanisms. Related: Binance Smart Chain and Binance Chain become BNB Chain Some of the more notabl...
Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity
On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program. Among the many perks, chosen teams will receive a minimum $10,000 grant — denominated in Axie Infinity’s governance token, Axie Infinity Shards (AXS) — to fund project development. They will also receive permission to monetize their game using the Axie Infinity brand with a revenue-share model. Notable projects include Across Lunacia, a platforming adventure for Axie NFTs, and Mech Infinity, a battle royale game involving Axies and their unique abilities. Philip La, game product lead at Ax...
Seoul authorities launch an official investigation on the TerraUSD crash
Terraform Labs employees have been summoned by South Korean prosecutors in a bid to establish the exact cause of the collapse of Terra assets The investigators have also tightened up scrutiny on exchanges to make sure investors are protected from the same fate that befell Terra and its native tokens South Korean authorities have reportedly launched a full-scale investigation to find the exact reason for the collapse of algorithmic stable coin UST and its sister token LUNA. The investigation is being conducted by the joint financial and securities crime investigation team from the Seoul Southern District Prosecutors Office. Investigators probing to determine if there was price manipulation The investigation team seeks to find from the Terra lab employees if the project’s founder, Do Kwon, i...
Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit
A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds. The exploit was observed on May 29 by governance participant ‘Mirroruser’ on the protocol’s forum. As of the time of writing, the mBTC, mDOT, mETH, and mGLXY synthetic asset pools on the protocol have lost almost all of their assets valued at over $2 million. Mirror allows trading of synthetic assets, such as stocks and cryptocurrency on the Terra and Terra Classic layer-1 blockchains, BNB Chain (BNB), and Ethereum (ETH). A pricing error for Luna Classic (LUNC) made the exploit possible. The remaining validators on Terra Classic reported that the price of LUNC ($0.000122) was the same as the newly launched LU...
Aussie consumer group calls for better crypto regs due to ‘lagging laws’
Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country. The regulatory framework was submitted in response to the federal Treasury’s consultation paper for “crypto asset secondary service providers” (CASSPs) defined as firms providing custodial crypto wallets and exchange services. CHOICE commented: “As it stands, enforceable protections in the unregulated cryptocurrency market are somewhere between negligible and non-existent.” Outlining four main areas in its framework, the group called for a single definition of crypto for better regulation, a license for exchanges in line with current financial licensing, ...
Ropsten Ethereum testnet ready for Merge ‘first dress rehearsal’
The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the Proof-of-Stake (PoS) consensus mechanism. Core Ethereum developer Tim Beiko announced on May 31 that a new Beacon Chain for Ropsten has been launched. It will serve as the precursor for the final test Merge, which is expected to be “around June 8th.” Ropsten Merge Announcement Ethereum’s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network. Node Operators: this is the first dress rehearsalhttps://t.co/0fDHObLOmn — Tim Beiko | timbeiko.eth (@TimBeiko) May 30, 2022 The Ropsten testnet is one of many testing grounds for Ethereum clients. It mimics aspects of t...
