Coinbase Launches Testnet for its Base Layer-2 Network
- Coinbase has launched the testnet for its own layer-2 network Base, which was designed to be low-cost, open-source, and provide a developer-friendly environment.
- The exchange also revealed it will be joining Optimism as a core developer on the open-source “OP Stack”, which Base was built on top of.
February 24, 2023, 12:20 PM
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Spotify is Testing New “Token-Enabled Playlist” Feature
- Music streaming giant Spotify has launched a new “token-enabled playlist” pilot, which gives holders of specific NFTs access to exclusive content on its platform.
- Participating in the pilot are NFT platforms Overlord, Fluf, Moonbirds, and Kingship, though only Android users in the U.S., U.K., Germany, Australia, and New Zealand will have access to it.
February 23, 2023, 3:09 PM
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Hong Kong Proposes New Crypto Licensing Regime
- Hong Kong’s SFC has called for public feedback on its newly proposed licensing regime for cryptocurrency exchanges, which is set to take effect in June 2023.
- A key point of the public consultation is whether to allow licensed crypto exchanges to offers services to retail investors, and what protection measures should be put in place.
February 20, 2023, 2:14 PM
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Saudi Arabia Partners with The Sandbox on Metaverse Development
- Metaverse gaming platform The Sandbox has signed a memorandum of understanding (MoU) with the Saudi Arabia Digital Government Authority.
- The partnership will see The Sandbox and DGA “exploring, advising and supporting” each other on future metaverse projects.
February 8, 2023, 5:35 PM
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Feb 7, 2023
Understanding The Nuances of Provably Fair Crypto Games In 2023
- Thanks to the emergence of cryptocurrencies and technologies such as blockchain, gambling enthusiasts now have access to a new breed of games: provably fair crypto games.
- Such games leverage blockchain technology and use encryption standards to reassure users that their chances of winning are accurately determined without outside influence.
Jan 30, 2023
Binance and Mastercard Release Prepaid Crypto Card in Brazil
- Currently in its beta launch phase in Brazil, the Binance Card will allow its holders to make payments and purchases using 13 supported cryptocurrencies.
- Brazil has become the second country in Latin America to receive the product, following a similar announcement in Argentina in August 2022.
Jan 16, 2023
Binance Enables Institutions to Trade Using Cold Storage Assets
- The new product from Binance Custody will allow institutional clients to trade in the Binance ecosystem using assets from their cold-storage accounts.
- Called Binance Mirror, the off-exchange settlement solution has already attracted the attention of institutional investors, accounting for more than 60% of all assets secured on Binance Custody.
Dec 21, 2022
5 Things You Didn’t Realize You Can Buy with Crypto
- With the rise of Bitcoin and other digital currencies, more and more people are using crypto to buy high-end luxury items such as watches and designer clothing.
- As the world of online commerce continues to evolve, it’s likely that we will see even more businesses accepting crypto as payment in the near future.
Dec 20, 2022
Visa Proposes Solution to Enable Auto-Payments From Self-Custodial Wallets
- The payments giant has proposed the creation of new self-custodial wallets, called “delegable accounts”, using the “account abstraction” (AA) method.
- As Ethereum does not yet support AA, Visa implemented its new wallet type on layer 2 scaling solution StarkNet, and successfully enabled automated recurring payments.
Dec 19, 2022
Nigeria Proposes Bill to Recognize Crypto as Investment Capital
- Nigeria’s Investments and Securities Act 2007 (Amendment) Bill is looking to recognize the usage of Bitcoin and crypto in the country.
- The bill was proposed almost two years after the Central Bank of Nigeria abandoned its plans to regulate digital assets, and banned institutions from facilitating crypto transactions.