Daily Web3 Headlines You Need To Know

06 September #NFT #Developers #Metaverse #DeFi & Trading #Policy & Law

🖼 NFT

Islamic State Turns to NFTs to Spread Terror Message
A simple digital card praising Islamist militants for an attack on a Taliban position in Afghanistan last month is the first known nonfungible token created and disseminated by a terrorist sympathizer, according to former senior U.S. intelligence officials…(Read More)

Versailles Heroes launches new NFT- DeFi, an Industry Game Changer
With the current crypto market volatility, new NFT Play to Earn games being released in Q4, 2022 are starting to slow down. However, even in a bear market there are always unique outstanding projects ready to rise, and as a result, you can often find highly innovative opportunities…(Read More)

🔗 Developers

74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade
As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes. The Bellatrix upgrade is seen as one of the last necessary steps prior to the official Merge, which will see Ethereum transition to a proof-of-stake consensus mechanism between Sept. 10–20…(Read More)

🌖 Metaverse

Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO
This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Nine months after its launch last December, the latter has completed a seed sale token round of $3.2 million at a $30 million fully diluted valuation…(Read More)

HTC talks vision for metaverse, names computing power and reducing latency as challenges
There are still many challenges that need to be conquered to improve the metaverse’s virtual experience, namely computing power and latency. Thus, the technological advances of the industry rely on Taiwan’s state-of-the-art semiconductors…(Read More)

📈 DeFi & Trading

ETH Mining Revenues Dip Substantially
Amid the switch of the Ethereum network from the current proof of work to an energy-efficient proof of stake infrastructure, the mining revenues of ETH have plunged sharply in the past few weeks. With the ETH Merge in sight, the total mining revenue has reached its lowest level in one month…(Read More)

A Virtual Free Zone in Africa Is Being Discussed with Binance
The Nigeria Export Processing Zones Authority (NEPZA) is looking to partner with Binance and Talent City for Nigeria to launch the one of its kind Virtual Free Zone in Africa. Adesoji Adesugba, the NEPZA’s Managing Director held meetings in Dubai with officials from Binance (Nadeem Ladki and Sameera Kimatrai) and Talent City for Nigeria (Luqman Edu)…(Read More)

Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC
Binance, the world’s largest cryptocurrency exchange, has shaken up the vital stablecoin market, announcing it will automatically move customers’ funds to its Binance USD (BUSD) token from alternatives including the larger USD Coin (USDC)…(Read More)

⚖️ Policy & Law

Bank of Russia Agrees to Allow Cryptocurrencies for Cross-Border Payments
The Bank of Russia and the country’s Ministry of Finance are reconsidering their approach toward the legalization of cryptocurrencies for cross-border payments. Both agreed on the inevitable future of cryptocurrencies for such purposes in the current market conditions…(Read More)

Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
The Australian Federal Police (AFP) formed a unit to tackle the use of cryptocurrency as a means of money laundering and offshoring, the Australian Financial Review (AFR) reported Monday. The unit was set up after the force’s criminal asset confiscation command beat its 2024 target of seizing $600 million from the proceeds of crime by two years. The command was formed in February 2020…(Read More)

🔥 Events

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