Mind The Block: Your Weekly Dose of Web3 News and Insights
Mind The Block Headlines This Week
Table of Contents
- Binance Academy offers $12,000 USDC for course completion
- OKX named Special Sponsor of Blockchain Life 2024
- UK FCA defends strict crypto registration rules
- Borderless Capital launches $50M LATAM Web3 fund
- AI and blockchain convergence boosts trust and privacy
- Ubisoft releases its first NFT game, Champions Tactics
- Dogecoin whale transactions reach a 4-month high
- How to buy cryptocurrency in the UK (2024)?
News
- Binance Academy is offering $12,000 USDC in rewards for completing its beginner track courses.
- Sony’s blockchain venture Soneium has been targeted by a phishing scam that uses Google’s ad service to reach the top of search results.
- ZeroLend has partnered with Token Terminal to improve on-chain analytics, enhancing stakeholder reporting across multiple blockchain platforms.
- DePIN is disrupting companies like Google, Amazon, and Nvidia by offering a solution to Bitcoin mining’s profit margin pressure.
- Plume has joined the Enterprise Ethereum Alliance (EEA), a global powerhouse in Real World Assets Finance (RWAfi).
- Scroll has launched its native token, SCR, to recognize global community contributions and decentralize its ecosystem.
- The Financial Stability Board (FSB) and the Bank for International Settlement (BIS) have identified three vulnerabilities in tokenization.
- Zanzibar has launched a National Blockchain Sandbox to support startup innovation and promote technological advancements.
Extras By Mind The Block
- Lisk and Moralis have partnered to streamline decentralized application development by integrating Moralis’s plug-and-play APIs.
- Elmnts, a tokenized investment platform, has launched its public beta on Solana.
- Buenos Aires has integrated QuarkID into its miBA app, allowing over 3.6 million residents to manage documents and services through mobile devices.
- D3 Global has launched.APE domain names allow ApeCoin users to use these top-level domain names on ApeChain.
- NAYM token has been launched and is currently trading, offering yields ranging from 10% to 20% and partnering with Coinbase.
- AGII, a platform combining Web3 and AI, has enhanced its multimodal capabilities to boost web3 development and creativity.
- Aventus Network, a web3 platform for enterprise blockchain solutions and parachain on Polkadot, has announced the launch of Aventus 2.0.
- Polimec, a decentralized Web3 fundraising protocol on Polkadot, has announced its integration with Banxa, a prominent fiat-to-crypto gateway.
- GT Protocol, a crypto-powered chatbot, has enhanced accessibility and functionality with advanced AI-building technologies.
- Coin Metrics introduces Exchange Flow Metrics, analyzing Bitcoin and Ethereum flows to and from centralized exchanges.
- SPACE ID has partnered with MetaMask to integrate Web3 Domain Snap.
Major Companies Making Moves
- OKX has been announced as a Special Sponsor of Blockchain Life 2024 in Dubai.
- Avalanche introduces the Avalanche Visa Card, a loadable debit card for Latin American and Caribbean residents.
- Stripe has completed the acquisition of stablecoin firm Bridge for $1,100,000,000, according to TechCrunch founder Michael Arrington.
- Chainlink introduces private blockchain transactions for banks, allowing them to keep their transactions private.
- Bitget and Solayer have partnered to launch CEX-based Solana (SOL) liquid staking services.
Government, SEC & Regulation
- The UK’s Financial Conduct Authority (FCA) has defended its strict crypto registration requirements.
- Japan’s Democratic Party for the People promotes tax system reforms to attract crypto-conscious voters ahead of the looming election.
- Ras Al-Khaimah, UAE, has established a legal framework for decentralized autonomous organizations (DAOs) within its digital assets free zone.
- Despite leading global adoption, India may ban private cryptocurrencies like Bitcoin and Ethereum in favor of CBDCs for safer and more inclusive financial systems.
- Samson Mow, CEO of JAN3, has discussed the possibility of the US government seizing institutional Bitcoin, similar to how gold was confiscated in 1933.
- A $30m crypto fraud trial in France has begun, involving over €28m in stolen funds. The case targets football clubs and individual investors.
- Coinbase has filed two new Freedom of Information Act (FOIA) requests against American regulators.
- Tom Kiddle, co-founder of Palisade and former Ripple executive, discussed the EU’s Markets in Crypto Assets (MiCA) regulation.
- Central banks are secretly buying Bitcoin to hedge against their policies and manage debt.
Raises & Major Investments rounds
- Borderless Capital has launched a $50 million LATAM fund to invest in Latin American Web3 projects.
- Yellow Card Financial raised $33M in a Series C funding round led by Blockchain Capital, with participation from Polychain Capital and Block.
- Karpatkey, an onchain treasury management solutions provider for DAOs, has closed a $7 million funding round to expand its services and reach more DAOs.
- Variational raised $10.30M in a Seed funding round led by Bain Capital Crypto, Peak XV Partners.
Trends & Narrative
- The blockchain industry continues to grow, with innovative projects like Layer-1s and Layer-2s transforming technology and society.
- Experts say Bitcoin solves the climate problem; here’s How.
- The convergence of AI and blockchain technologies highlights their unique complementary nature and potential to build trust and privacy.
- Blockchain could help combat AI fakes in crypto airdrops and elections, as the internet is filled with bots and AI pretending to be humans.
- Bitaxe founder Skot created the first open-source ASIC-based Bitcoin miner and inspired over 4,000 others to contribute to open-source Bitcoin mining projects.
NFTs, Gaming, Metaverse
- Metacade has launched Metacade Tournaments on Coinbase Wallet, connecting it to 73 million verified users.
- APENFT has partnered with NextMate AI to revolutionize the TRON NFT ecosystem.
- Ubisoft has released its first original NFT game, Champions Tactics: Grimoria Chronicles, on the Ubisoft Connect platform.
- Nakamoto Games is set to launch the NAKAWallet, a multi-chain wallet solution designed to interconnect Web 2.0 and Web 3.0 environments.
- Decentraland has launched a new desktop client that enhances performance, provides a more immersive environment, and introduces new features.
- SuperRare has integrated Chainlink’s CCIP into its RARE token, enhancing its functionality and enabling secure NFT transfers across multiple chains.
- Conduit G2 offers 100 Mgas/s throughput, setting a new standard for on-chain games and DEXs.
Onchain Data
- Dogecoin’s on-chain data remains strong, with whale transactions hitting a 4-month high.
- Bittensor shorts are facing trouble, with a 20% increase this month.
- Polkadot (DOT) has experienced a significant decline, dropping by almost 3.50% and currently trading at $4.41.
- Ethereum’s circulating supply has risen by 7,728 ETH, reaching a six-month high and potentially putting pressure on its price below $3,000.
- Uniswap (UNI) is nearing a critical breakout, testing the $8.66 resistance level after a strong rally.
Educational Guides and Tips from Mind the Block
- Who is Shibetoshi Nakamoto? Where is Shibetoshi Nakamoto now?
- How to find better crypto career opportunities with cryptojobslist.com.
- Safest ways of exchanging USDT to XMR.
- Kraken vs Coinbase – which is the better crypto exchange?
- How to buy cryptocurrency in the UK (2024)?
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