Crypto Trends Weekly – October 1 – 7

Breaking crypto news from the last week (Oct. 1 – 7, 2022):

Oct. 2: Sega, one of the largest Japanese gaming companies, has announced the upcoming launch of its first blockchain game, based on Sega’s Sangokushi Taisen franchise, in partnership with development company Double Jump Tokyo. The game’s blockchain elements will be built on Oasys, a Japanese scaling project.

Oct. 3: TV star Kim Kardashian has paid $1.26 million to the US SEC to settle charges relating to her promotion of EthereumMax. Moreover, Kardashian must not promote any cryptocurrencies for three years.

Month-over-month trading volumes on crypto exchanges increased by 16% from August to September, according to The Block’s Data Dashboard. It was the first significant increase in exchange trading volume since April this year.

Oct. 4: Payments giant Mastercard launches Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges. The service is powered by CipherTrace, a blockchain security startup acquired by Mastercard last year.

Oct. 5: Blockchain analytics firm Chainalysis’s study revealed that the Middle East and North Africa region was the fastest-growing market for crypto adoption over the 12-month period that ended on June 30. Crypto users in the region received $566 billion in crypto from July 2021 to June 2022.

Oct. 6: US music conglomerate Warner Music Group is looking to hire at least two people who can develop and manage Web3-related projects. Through this new role, the US music conglomerate wants to build out its partnerships with metaverse and Web3 gaming projects. The job posting comes a week after Warner Music Group partnered with OpenSea to facilitate music NFTs.

Oct. 7: BNB Chain, a blockchain linked to the world’s largest crypto exchange Binance, has been hit by a $570 million exploit, a Binance spokesperson said. In his words, the majority of the BNB remained in the hacker’s digital wallet address, while about $100 million worth was “unrecovered.” BNB Chain resumed its suspended blockchain after several hours.