Day: May 17, 2022

Square Enix to Reinforce Blockchain Bet, According to Latest Earnings Report – Bitcoin News

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Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain arena, including Animoca Brands and The Sandbox, and will also consider other investments in the area. Square Enix recently sold its Western studios for $300 million, but will reportedly not use the funds to pursue these new Web3 investments. Square Enix Structures Blockchain Strategy Square Enix, the Japanese gaming company, seems determined to include blockchain and play-to-earn (P2E)…

Spotify reportedly tests NFT galleries on musician profiles

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Major music streaming platform Spotify is reportedly testing the option of nonfungible tokens (NFTs) galleries on musicians’ profiles. Should the tests appear successful, the embedment of NFTs would serve to improve artist and fan experiences.  Reports surfaced on Friday that Spotify is running a test for select users of the platform’s Android app in the United States. These users can see the NFT previews on the artists’ profiles. Currently, there are only two such artists, DJ and producer Steve Aoki and indie rock band The Wombats — both are known for…

Fireblocks introduces Web3 Engine with developer tools to accelerate ecosystem growth

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As the world accelerates towards a decentralized future, Fireblocks, a digital assets custody platform, announced the launch of their new Web3 Engine to help foster the development of the Web3 ecosystem. The company announced on Tuesday that the dedicated Web3 engine includes a set of tools for developers to create products and services in decentralized finance (DeFi), GameFi and nonfungible tokens (NFT). Fireblocks has also opened up a world of decentralized apps (DApps), exchanges, NFT marketplaces and more for alternative asset managers and capital market participants. “Web3 is the future,”…

Do Kwon summoned to parliamentary hearing following UST and LUNA crash

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The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now South Korean conservative party has requested a parliamentary hearing on the matter. Korea’s conservative party requested to have a hearing about the Terra incident. The politician noted Korean exchanges each reacted differently to the crash. He wanted to invite both Do and the exchanges to learn more details. https://t.co/3ezNlTFzzP — Doo | StableNode @Permisionless (@DooWanNam) May 17, 2022 According to a local news report, Korean exchanges…

Fireblocks Deploys ‘Web3 Engine’ for Firms Eyeing GameFi, NFTs

“I think the most obvious clients here, beyond financial institutions that are already working with DeFi, are developers around gaming, social media and entertainment,” Shaulov said in an interview. “Firstly, it’s an SDK for securely managing NFTs at scale, and secondly, to be able to connect to a broad ecosystem of marketplaces, exchanges and other bridges.” Source

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SkillzVault and ESE Entertainment Win Gold at Muse Creative Awards 2022 – Press release Bitcoin News

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press release PRESS RELEASE. At Bitcoin Vault (BTCV), the team pride itself on solving security issues that no one else can, which requires a great deal of creative thinking. But when a team can think outside the box, anything is possible. Now, it has been proven that creativity drives projects forward. BTCV is incredibly happy to announce that BTCV has been awarded the Gold Prize at the Muse Creative Awards for work on the SkillzVault series of events. This initiative was BTCV’s first collaboration with a new partner, ESE Entertainment.…

A16z Addresses Downturn in Inaugural State of Crypto Report

“We thought it might make sense now that there’s all of these new and interesting focus areas in crypto that there’s data for, that there’s totally public information that you can go out and scrounge for yourself,” Eddy Lazzarin, head of protocol design and engineering for the a16z crypto team, told CoinDesk in an interview. Source

BitMEX launches spot crypto exchange following $30M penalty

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Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is now live, allowing retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin (BTC) and Ether (ETH). At launch, the exchange supports seven pairs of cryptocurrencies, including BTC, ETH, Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), all trading against the Tether stablecoin (USDT). The launch of the…