Daily Web3 Headlines You Need To Know

05 October #NFT #DeFi&Trading #Policy&Law

Crypto Exec Flight (Source: cloudfront)

🖼 NFT
Japan’s PM announces NFT and metaverse expansion
Japan’s Prime Minister Fumio Kishida announced plans to expand investments in non-fungible tokens (NFTs) and the metaverse in a policy speech on Monday. Kishida says the country will further its investment in digital transformation and expand the use of Web3 services, according to the Prime Minister’s Office of Japan. His speech follows Japan’s growing efforts to utilize blockchain technology — last month, the Japanese government awarded NFTs to seven mayors for their achievements in using digital technology to solve issues…(Read More)

The book world is looking at a future involving NFTs
Book.io is an American start-up that is planning to “create an NFT marketplace and platform that will forever change digital reading,” as it explains on its website. It will offer readers the opportunity to truly own the e-books and audio books they love through NFT technology…(Read More)

Three Arrows Capital’s Premium Ethereum NFT Collection Is on the Move
Among the many questions still surrounding insolvent crypto hedge fund Three Arrows Capital, one pertains to the fate of the firm’s lavish NFT collection. Answers could be on the horizon, however, because now the assets are being moved into a new wallet…(Read More)

NFT sales plunge in Q3, down by 60% from Q2
Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative digital assets shows little sign of returning…(Read More)

📈 DeFi & Trading

‘Post Ethereum Merge Crypto Flows Indicate Continued Caution among Investors’
The inflow and outflow of investments into digital asset investment products in the past week indicate that investors are still cautious. This is according to the new digital asset fund flows report published by the digital asset management firm, CoinShares. According to the firm, cryptocurrency-based products recorded a total inflow of US$7 million in the past week, marking another week of low activity…(Read More)

Cardano price analysis: ADA increases its value to $0.4324 after a strong bullish movement
Cardano price analysis shows that the market momentum has revived and the bulls are in control. The price is currently trading at $0.4324 and is expected to rise further up to the $0.4348 mark. The market has been quite volatile recently and Cardano is no exception. The cryptocurrency started the week on a strong note with the bulls pushing the price above the $0.43 level. However, the bears took control and pushed the price down to $0.42…(Read More)

⚖️ Policy & Law

Binance Launches in New Zealand amidst Global Expansion
Binance, the world’s largest cryptocurrency exchange by market capitalization, has launched a subsidiary in New Zealand. On Thursday, the exchange announced that it has successfully registered as a Financial Service Provider with the New Zealand Ministry of Business, Innovation and Employment…(Read More)

BitMEX Gets Regulatory Approval in Italy, Seeks European Expansion
The cryptocurrency derivatives exchange, BitMEX, has received regulatory approval and registration from Italy’s Organismo Agenti e Mediatori (OAM) to operate as a virtual currencies and digital wallet services provider in the country…(Read More)

Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues
S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend…(Read More)

👋 About us

We believe in fair education for everyone to form your own opinions.
We aim to cultivate the ethical use and mass adoption of blockchain technology.

(find out more)