Announcements

GameStop’s NFT marketplace has officially launched on layer-2 Ethereum scaling protocol Immutable X and will offer digital assets from major Web3 games. Lately, the video game stores’ business is on the downswing. But now, GameStop is becoming a major player in the NFT gaming industry, rivaling crypto-native NFT gaming platforms like Fractal, founded by Twitch’s…

The UAE’s Central Bank (CBUAE) has announced the completion of “the world’s largest pilot” of central bank digital currency (CBDC) in collaboration with the central banks of four countries. Central banks from Thailand, Hong Kong, and China, with more than 20 commercial banks from these countries, took part in the pilot, recording over $21 million…

Top investment deals across the crypto sector over the last week (Oct. 22–28, 2022): MakerDAO plans to move 1.1 billion USDC into Coinbase custody MakerDAO, the issuer of DAI stablecoin, is reportedly moving forward with a proposal to onboard an account to Coinbase prime and transfer about $1.1 billion (33% of its USDC) into custody….

Twitter will let users display NFT marketplace listings from some platforms, as well as let them buy and sell digital collectibles. The integration could come in handy in Elon Musk’s plan for Twitter to be sustainable. The social media platform announced on Oct. 27 that it will let users buy, sell, and display NFTs from…

FTX plans to issue its own stablecoin at some point, CEO Sam Bankman-Fried said without providing further details. He also hinted at a potential acquisition of the crypto exchange Coinbase. Meanwhile, crypto exchange Huobi said it would delist the stablecoin HUSD. Crypto exchange FTX is reportedly working on creating a stablecoin. In an interview with…

Crypto exchange Binance has confirmed its role as an equity investor in Elon Musk’s acquisition of Twitter. The exchange also told Decrypt it is creating an internal team to help Twitter fight bot accounts using blockchain and crypto technology. The world’s largest crypto exchange revealed it has invested $500 million as one of the equity…