Crypto News Weekly Digest 5.07.2024
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2024-07-05
Toncoin received permission to trade in Kazakhstan.
Kazakhstan's Financial Services and Regulatory Authority (AFSA) has approved Toncoin (TON) for trading on regulated exchanges following a review that determined the digital asset met the financial regulator's listing criteria.
Toncoin now joins the list of 107 cryptocurrencies approved by the Kazakh government, including but not limited to TRON (TRX), Polygon (MATIC), Aptos (APT), Stellar (XLM), Avalanche (AVAX) and other digital assets core Bitcoin products ( BTC) and Ether (ETH).
Arkham: Vitalik Buterin owns crypto assets worth over $857 million.
Experts from the analytical platform Arkham Intelligence assessed the financial condition of Ethereum co-founder Vitalik Buterin. According to the results, the value of his crypto assets exceeds $857 million. Arkham noted that at the beginning of 2024, the co-founder of Ethereum had over $552 million in his accounts. Most of Buterin’s wealth comes from the initial distribution of ether - 246,730 ETH. Currently, the co-founder of Ethereum is among the top 20 largest owners of the second cryptocurrency by capitalization. In addition, the programmer invested in various cryptocurrency projects, such as StarkNet. His portfolio also includes other assets such as KNC, WETH, TORN and SHIB tokens. From time to time, Buterin sells coins, and, according to him, such transactions are the basis for donations, not personal gain. According to Arkham experts, despite the possibility of the existence of undisclosed wallets, known assets most likely make up the majority of Buterin's financial wealth.
Sony Group will relaunch the Amber Japan crypto exchange under the new brand S.BLOX.
Multinational corporation Sony Group is rebranding the cryptocurrency exchange Amber Japan, which it acquired last August. For this purpose, the company registered a new trademark S.BLOX. Based in Tokyo, S.BLOX will provide support to the specialised divisions of the Sony Group to expand the corporation's capabilities in the cryptocurrency trading market. As part of the rebranding, the S.BLOX team will carry out an in-depth update of the user interface, as well as launch new extensions that improve its functionality and convenience for customers. The Sony Group noted that the transnational corporation is interested in taking a leading position in the developing Japanese digital asset market. To this end, the company has already invested in a number of national cryptocurrency startups, and since 2018 it has been supporting scientific research in the field of blockchain through its own division, Sony Blockchain Solutions.
Pixels is going to launch new games on Telegram.
The creators of the Pixels game are developing new games for the ecosystem, including Telegram.
Pixels, one of the popular blockchain games this year, is set to expand its ecosystem with the launch of several more games. The game moved to Ronin last year, but is now gearing up to expand its gaming universe.
The founder of the game, Luke Barwikowski, shared that now a staff of 19 employees is actively developing several game projects, and are also considering the possibility of launching on Telegram.
“Perhaps this will be an alpha version, but as a third-party experiment. Telegram is an interesting ecosystem... perhaps we will dive into it,” he emphasised.
Barwikowski also said that the development team is currently targeting several mobile games, and regardless of whether they succeed in launching a game project on Telegram, they are still interested in expanding the IP they have developed.
TAO Bittensor fell 15% after an $8 million wallet leak attack.
The Bittensor blockchain was temporarily shut down early Wednesday morning as team members discovered an attack on multiple user wallets, draining at least ONE wallet of $8 million worth of the project's TAO tokens.
TAO prices fell 15% after the attack, but recovered slightly as CORE members said measures had been taken to mitigate further setbacks.
“We are investigating and, out of an abundance of caution, recently stopped on-chain transactions completely until we have more information available about the nature of this attack,” a CORE member of the Bittensor team wrote on the project’s Discord channel.
Co-founder Ala Shaabana later confirmed on X that the chain had been put into “secure mode,” meaning blocks were being created but no transactions were being processed. Bittensor network blockchain trackers show that the latest transactions and blocks were processed at approximately 23:00 UTC on Tuesday.
Bitcoin falls below $59k as Crypto sees $230 million liquidation.
Concerns about looming Bitcoin (BTC) selling pressure from the defunct Mt. Gox and possible miner sales sent the major cryptocurrency falling below $59,000 on Thursday for the first time since late April.
Gox will begin distributing assets stolen from customers in the 2014 hack in July 2024, after years of delays. Payouts will be made in Bitcoin and Bitcoin Cash (BCH) and may increase selling pressure on both Markets, as previously reported.
According to CoinGecko, BTC has lost 3.3% over the past 24 hours, with the sell-off starting shortly after the Tokyo stock markets opened for trading. Major tokens fell amid BTC weakness, with Ethereum (ETH) down 4% and SOL and Dogecoin (DOGE) down as much as 8%.
Notcoin is teaming up with Helika to launch a $50 million Telegram gaming accelerator.
An interactive click-to-earn gaming project in The Open Network (TON) ecosystem, Notcoin has announced its partnership with Web3 gaming analytics platform Helica to launch the Telegram Gaming Accelerator program.
This initiative aims to build on the recent momentum in the development of mini-apps based on blockchain technology. The program is designed to support and accelerate game developers who are at the forefront of creating games for the Telegram messaging app.
Building on the success of Helika Accelerate, Notcoin and Helika will work together to help game studios, mobile apps and indie developers create gaming experiences on the Telegram platform and the TON blockchain. This new initiative will be supported by $50 million in funding, with applications for the first cohort opening next week.