NYDFS calls for crypto firms to use blockchain analytics

In a letter published on Thursday, the New York State Department of Financial Services, or NYDFS, recommended that all virtual currency companies operating under New York banking law adopt blockchain analytics to trace transactions. In supporting the decision, the regulatory agency wrote: “Wallet addresses are typically pseudonymous, with nothing on the face of the transfer tying back to the originator, beneficiary, or underlying beneficial owners.” Therefore, as told by NYDFS, it is vital that such class of firms use blockchain analytics to prevent illicit transactions, such as money laundering or…

Telegram Wallet Bot enables users to send crypto in-app via revived blockchain project

As told via a Twitter post on Tuesday, instant-messaging app Telegram has rolled out crypto payments via Toncoin (TON). To access the feature, users first need to opt in via Telegram’s official Wallet Bot, which allows them to purchase cryptocurrency by bank card, exchange and transfer to other wallets. According to the company, they can then send Bitcoin (BTC) or Toncoin to other users by clicking on the “Wallet” icon in direct messages.  You can now send #Toncoin directly within Telegram chats! It’s a new way to send Toncoin without…

Minecraft-linked developers draws up pledge for NFT and digital asset engagement

Over the weekend, Climate Replay, which comprises of developers from Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies, into gaming. “Games give us hope in a world that is increasingly uncertain. They help us unlock our creative potential and free us of real-world constraints – physical, financial, or otherwise,” the team at Climate Replay said. However, they cautioned about the current state of digital assets intertwining with gaming:  “Most NFTs, and by consequence, most…

Postmates founder Bastian Lehmann launches crypto startup

According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry with the creation of a new startup called “TipTop Labs.” Although details surrounding the venture remain unknown, its website states the firm seeks to provide “consumer finance solutions for an emerging web.”  On its careers page, it appears that TipTop Labs is hiring a blockchain engineer whose primary responsibilities include “Building protocol components that integrate across different blockchain systems,” and “leading the design and architecture of core protocols and tokens.” The firm…

Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the attack was planned to coincide with the one-year anniversary of the launch of the BAYC collection, thus increasing the “perceived credibility” of the phishing link. Unconfirmed reports on social media indicate that approximately 100 NFTs…

Twitter and Stripe roll out USDC payout program for creators via Polygon

On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology and integration with Ethereum (ETH). As a centralized platform, content creators and freelancers would first need to pace Know Your Customer…

Cricket NFT startup Rario raises $120M in Series A funding

On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights via partnerships with six international cricket leagues and a roster of over 900 cricketers.  Dream Sports is a sports technology company based in India with more than 140 million users. Through this partnership, Rario can potentially increase its exposure to a much larger audience.  Rario…

iTrustCapital surpasses $5B in crypto IRA transactions

 Cryptocurrency individual retirement accounts (IRA) provider iTrustCapital revealed Wednesday that the total transaction volume on its platform had surpassed $5 billion, marking a 60% increase in nine months. As told by iTrustCapital, many of its users, ranging from millennials to working professionals to senior citizens, are trading cryptocurrencies for the first time. The firm only charges a 1% buy-sell fee on cryptocurrency transactions. There are no monthly fees, and investors only need to deposit $1,000 to open an account. Through the platform, users can trade over 25 cryptocurrencies 24 hours…

Atari claims its namesake token is now ‘unlicensed’ as it terminates blockchain joint venture

In a statement published by former video-game giant Atari on Monday, the firm says it has, effective immediately, terminated all license agreements with its joint venture partner ICICB Group and its subsidiaries. Previously, the two had jointly created the Atari Chain and the namesake Atari Token (ATRI). However, the company has had a change of heart regarding the deal, and announced it was disclaiming interest in the joint venture, stating “ICICB is not authorized to represent Atari or its brands in any manner.” “Atari disclaims any interest in the […] Joint…

Meta files 8 digital asset and Web 3 trademark applications

Meta, formerly Facebook, has filed eight trademark applications with the United States Patent and Trademark Office, or USPTO, relating to blockchain technology and its proposed metaverse. The applications and their fields of interest are as follows, organized by serial number: 97320155: Online social networking and dating services, including a specific branch tailored for networking between cryptocurrency investors. 97320153: Design and development of computer hardware and software relating to Web3, including gaming, e-commerce, blockchain transactions, etc.  97320149: Entertainment and electronic publishing services, partly within virtual reality.  97320147: Telecommunication services for electronic…