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Singaporean Central Bank Imposes Strict Licensing Process
Singaporean Central Bank Tightens Crypto Licensing

The Monetary Authority of Singapore (MAS), Singapore’s central bank and crypto regulator, imposed a stringent licensing process on crypto service providers. “We want to be a responsible global crypto hub,” said Ravi Menon, the Managing Director of MAS. He pointed out that people can use crypto for money laundering and financing terrorists. Singapore’s central bank and crypto regulator — Monetary Authority of Singapore (MAS) — said that the process of licensing crypto service providers must be stringent.  Ravi Menon, the Managing Director of MAS, shared his concerns about the risks of investing in cryptocurrency. Specifically, he spoke to retail investors

Coinbase Adds Rival Binance’s Stablecoin BUSD Support
Coinbase Adds Support to Rival Binance’s BUSD

Coinbase has listed Binance’s US dollar-backed stablecoin BUSD on its platform. That makes BUSD the eighth stablecoin available on Coinbase. BUSD is the 4th largest stablecoin by market cap. Coinbase has listed its competitor Binance’s US dollar-backed stablecoin on its Ethereum network. BUSD will become the eighth stablecoin on Coinbase, alongside Tether (USDT), USD Coin (USDC), TerraUSD (UST), Dai (DAI), Paxos Standard (PAX), Rai Reflex Index (RAI), and mStable USD (MUSD). The Binance stablecoin project BUSD debuted in partnership with Paxos, the one responsible for the stablecoin’s reserves.  Coinbase and Binance have been strikingly clashing through social media in the

Gala Games and Endless AI Launched ‘Living’ Fuzzles NFTs
Gala Games, Endless AI Launch ‘Living’ Fuzzles NFTs

Gala Games announced a partnership with Endless AI to launch first-of-its-kind ‘living’ Fuzzles NFTs. Fuzzles is equipped with Language Processing AI that enables owners to speak with their collection. Owning the NFT will provide access to special community events, earn rewards, and unlock in-app gameplay in the future. Gala Games, creator of blockchain games, has partnered with Endless AI to launch Fuzzle — a first-of-its-kind “living” NFT. The company aims to revolutionize AI and blockchain gaming via an innovative collective entertainment experience. Endless AI is a tech-driven company that creates products that fuse AI-enabled interactivity and blockchain technology for the

FTX Launches 1st Print Ad Campaign, $1B Charity Fund
FTX Launches 1st Print Ad Campaign, $1B Charity Fund

FTX launches its first ad campaign, “In On,” featuring CEO Sam Bankman-Fried and supermodel Gisele Bundchen. The company also vows to donate up to $1 billion to charitable causes this year. The funds will be used for pandemic prevention and social and environmental causes. Crypto trading platform FTX is seeking ways to get one step ahead in the growing popularity of cryptocurrency by depending on supermodel Gisele Bundchen, along with an effort to clean up the environment and improve the world. Bundchen, FTX’s head of environmental and social initiatives, was at the 2022 Crypto Bahamas conference, along with FTX co-founder

Hackers Exploit BAYC Instagram Page, Nab $3M NFTs
Hackers Exploit BAYC Instagram Page, Nab $3M NFTs

Hackers gained access to the Instagram page of Bored Ape Yacht Club on Monday and nab up to $3M. A fraudulent link stating that users could mint “land” in OthersideMeta was posted in the Instagram page. Yuga Labs and Instagram are still investigating the hack. Hackers have broken through the official Instagram page of Bored Ape Yacht Club (BAYC) on Monday. Consequently, the perpetrators used the Instagram page to steal digital assets amounting to $3 million. The BAYC official Twitter page shared a tweet warning users about the incident. Yuga Labs LLC, creators of the Bored Ape Yacht Club collection,

Netflix Partners With Candy for Stranger Things NFTs
Netflix Partners With Candy for Stranger Things NFTs

Netflix collaborated with Candy to launch NFTs of Stranger Things. Redditors discovered “iamhellsmaster.com”, along with clues that Netflix will release its Stranger Things NFTs. However, Reddit users disapproved of the idea of Netflix entering the NFT space. Netflix and Candy are collaborating to develop non-fungible tokens (NFTs) of Stranger Things ahead of the two-part season 4 release. Part one will be available on May 27, 2022. The second part will also follow six weeks later on July 1, 2022. Candy is a digital collectible company offering digital assets for fans and collectors. The company, which claimed to be the next-gen

Robinhood To Sack 300 Employees Despite Job Listing
Robinhood To Sack 300 Employees Despite Job Listing

Robinhood is laying off 9% of its total workforce today. The decision came due to a change in Robinhood customers’ behavior, growth declines, and duplicate roles and job functions. Although Robinhood is laying off its employees, the firm is still hiring numerous crypto roles and positions. CEO Vlad Tenev announced in a blog post that brokerage app Robinhood is laying off 9% of its workforce today. Tenev pointed out that the decision is “necessary” and not that they “undertook lightly.” “We’re anticipating and being responsive to changes in the way our customers invest—especially during this time of global conflict, economic

EU Crypto Firms Make Efforts to Alter EU Policies
EU Crypto Firms Make Efforts to Alter EU Policies

EU crypto firms and organizations urged policymakers to make sure the regulations don’t exceed the guidelines. They seek that the EU will not require DeFi to register as legal entities. In addition, stablecoins must not be affected by the MICA regulatory framework. According to a report from Reuters, a total of forty-six European crypto businesses and organizations have sent a letter to twenty-seven EU finance ministers. The letter, as Reuters mentioned that they’ve seen it, is in regards to the disclosure requirements for crypto transactions. Inside the letter, dated April 13, the businesses and organizations urged EU policymakers to make

Tori Zero Launches NFT Mint, Auction From April 25
Tori Zero Launches NFT Mint, Auction From April 25

Tori Zero will launch its NFTs in four stages on April 25th-26th. The stages include three tiers of whitelist mint and a public Dutch auction. The NFT project in partnership with Wirex announced the integration of Wirex Wallet. Tori Zero announced a series of whitelist mints, along with the mint date for their NFTs. The video tweet revealed four stages of its NFT mint, which include Whitelist tier 1 mint, Dutch public auction, whitelist tier 2 mint, and the mint of the remaining whitelist. “Please head over to https://whitelist.torizero.com to complete your WL registration and comment when you’re ready for

MicroStrategy CEO: Not Selling BTC, Rumors Untrue
MicroStrategy CEO: Not Selling BTC, Rumors Untrue

Microstrategy CEO Michael Saylor disposed of the rumors that his company was quietly selling bitcoin via Twitter. The executive said that the company will disclose any changes the company will make to its shareholders. The company recently purchased $200 million worth of BTC earlier this month. Recently, a rumor spread on social media that Nasdaq-listed software company Microstrategy has been silently selling its Bitcoin holdings. Michael Saylor, Microstrategy CEO, shared a tweet last Friday to get rid of the rumor. Saylor clarified that the company is regulated by the US Securities and Exchange Commission (SEC). Microstrategy is obligated to reveal

Project Dark Eye Launches Its First NFT Collection
Project Dark Eye Launches Its First NFT Collection

Public mint for the first NFT collection of Project Dark Eye is now live. Project Dark Eye will create a Space Sci-FI themed virtual world called “DEYE-Universe.”  The Time Machines NFTs serve as a “Limited Edition All-in-One Pass” for all NFT collections of the project. Project Dark Eye announced that the public mint of their Time Machines NFTs is now live. They will celebrate the launch with free 1 Gold Time Machine and 2 Silver Time Machine NFTs airdrop. DEYE-Universe is a Space Sci-FI themed virtual world setting for all Project Dark Eye experiences. Project Dark Eye is planning to

Mount Westmore To Debut Album via Gala Music
Mount Westmore To Debut Album via Gala Music

Gala Music revealed that Mount Westmore will soon be dropping its debut album on the music platform. The hip-hop group Mount Westmore consists of rappers Snoop Dogg, E-40, Too Short, and Ice Cube. NFT owners, node operators, and the artist will receive most of the earnings. Gala Music revealed a teaser video of Mount Westmore dropping its debut album in the form of non-fungible tokens (NFTs) on its platform. The hip-hop legend group Mount Westmore is a supergroup consisting of four California-based rappers Snoop Dogg, E-40, Too Short, and Ice Cube. Mount Westmore was established in December 2020. According to