Daily Web3 Headlines You Need To Know

16 September #NFT #Developers #DeFi & Trading #Policy&Law

🖼 NFT

Someone Just Minted an NFT of Ethereum’s Last Proof-of-Work Block
According to Etherscan, the closing chapter in the network’s PoW ledger comprises just one transaction: a VanityBlock NFT. The NFT’s creators paid 30 Ethereum (roughly $50,000) to mint the NFT in the early hours of Thursday, after raising funds from investors. The price is Ethereum’s block gas limit or maximum block size, meaning no other transactions can fit in the block, which is number 15537393…(Read More)

Ethereum community wastes no time minting PoS NFTs right after the Merge
The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus. Officially, the Merge took place on Thursday at 6:42 am UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 am UTC. The NFT, which is a time capsule of the moment of the first NFT mint bearin the iconic panda face, was quickly purchased at the price of 36 Ether (ETH)…(Read More)

South Korea’s Seongnam city to provide citizenship rights through NFTs
Seongnam, the 12th most populated city in South Korea, is planning to recreate the city in the metaverse and will issue non-fungible token (NFT) citizenships to give access to municipal information, according to local media reports…(Read More)

🔗 Developers

BNB Chain Partners with Google Cloud to Boost Growth of Web3 and Blockchain Project
BNB Chain, the smart contract platform by the world’s largest crypto exchange Binance, has announced a partnership with Google (NASDAQ:GOOGL) Cloud to support the growth of early-stage Web3 and blockchain startups. As per the press release, the partnership will see eligible Web3 projects running on the BNB Chain receive accelerated access to Google Cloud’s scalable, secure, and open-source infrastructure…(Read More)

Polygon Hiring Spree- Cash Rich Blockchain Developer Struggling to Find Web3 developers in this Bear market
While the blockchain sector and cryptocurrencies, in general, have been around for quite a while, it is only recently that they gained this kind of popularity. Since the 2021 bull market, the demand for cryptocurrencies and the value of companies within the sector skyrocketed. These digital assets that present solutions to several problems faced today were invested in, by millions of people across the globe…(Read More)

📈 DeFi & Trading

ApeCoin Gains 4.29%: What’s Keeping APE Supported?
ApeCoin gains 4.29% in seven days to trade at the $4.92 level. ApeCoin (APE), the Ethereum-based Bored Ape Yacht Club ecosystem token, has increased 1.27% in the last 24 hours and is now trading just below a two-week high of $5.19. However, its upward trend could be attributed to some project-related news. The Ape Foundation, in particular, has now released recommendations for a new election procedure for the project’s decentralized autonomous structure (DAO)…(Read More)

Ethereum Already Showing Signs of Increased Centralization
In the hours following Ethereum long-awaited Merge on Thursday, over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. The shift from proof-of-work (PoW) to proof-of-stake (PoS) was framed by developers as a way to defeat centralization on the second-largest blockchain network by making it harder for individual entities to tamper with the Ethereum ledger. But early signs of network consolidation have raised concerns that those hopes may not come to pass…(Read More)

⚖️ Policy & Law

DOJ Sentences US-Based Man to 42 Months in Prison for Crypto Scam
The US Department of Justice (DOJ) recently confirmed that the authority has sentenced Asa Saint Clair, also known as Asa Williams, to 42 months in prison for running an illegal crypto investment scheme. He falsely tricked at least 60 investors into providing loans to his organization, the World Sports Alliance…(Read More)

Crypto Lending Company Celsius Files for Permission to Sell Its Stablecoin Holdings
Crypto lending firm Celsius Network, which is currently in Chapter 11 bankruptcy proceedings, has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations, according to new court filings…(Read More)

SEC’s Gensler Signals Extra Scrutiny for Proof-of-Stake Cryptocurrencies: Report
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Thursday said that staked cryptocurrencies may be subject to federal securities regulations, repeating a pro-oversight stance in the wake of Ethereum’s transition to just such a method. According to the Wall Street Journal, Gensler said that proof-of-stake (PoS) blockchains, which generate new coins for inventors who pool their holdings, take on investment contract-like attributes that could bring them under his agency’s purview. He said he wasn’t talking about a specific coin, according to the Journal…(Read More)

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