The Sandbox, an Ethereum-based decentralized NFT metaverse leading the charge into the virtual world, has been busy building bridges with the likes of Snoop Dogg and Warner Brothers after announcing partnerships to build exclusive virtual locations for both. Now Chain Games has joined the list after partnering with The Sandbox to get a slice of the virtual pie by agreeing to create an exclusive piece of land within the metaverse where Sandbox users will have access to play all their supported titles.
Hackers have again targeted the crypto industry, causing a data breach on February 8 resulting in the loss of $21 million in Bitcoin and $15 million in Ether from retirement accounts held by IRA Financial Trust, a FinTech that manages various portfolios consisting of nontraditional assets.
Canada’s KPMG, a leader in audit, tax, and advisory services to the private and public sector, has added an allocation of both Bitcoin and Ether to its corporate treasury.
EverdreamSoft (EDS), a swiss-based company founded in 2010 as a game studio and morphed into one of the pioneering forces in the integration of blockchain tools within the domain of gaming and digital collectibles since 2014, is selling exclusive Premium LAND around the EverdreamSoft Estate in The Sandbox, a community-driven platform where creators can monetize voxel ASSETs and gaming experiences on the blockchain.
A new peer-to-peer payments protocol has been launched on Solana with support from Circle, FTX, and Phantom that will allow customers and merchants to use digital assets like Circle’s USDC stablecoin for various transactions. Launched by Solana Labs, Solana Pay, a decentralized payments protocol built on the Solana blockchain, lets merchants and e-commerce platforms accept payments using crypto wallets, giving merchants and customers expanded financial freedoms while allowing new kinds of interactions and purchasing power.
The first phase of Russia’s Digital Ruble pilot program is underway with 12 different banks joining in to start a trial run of using the Central Bank’s digital currency for a wide range of different payment types. This all comes just days after Vladimir Putin highlighted the threats of Bitcoin and cryptocurrency, then reversed his stance.
After a short reprieve over the weekend, cryptocurrencies continued their dramatic and prolonged slide on Monday, culminating in bitcoin losing nearly half of its value since it hit record highs last November.
To kick off the traditional Chinese New Year, Ant Group, an affiliate company of the Chinese Alibaba Group and owner of China’s largest digital payment platform Alipay, will be promoting a large number of digital collectibles that have quite a lot in common with non-fungible tokens (NFTs).
As the current crypto bloodbath continues, Altcoins are feeling the brunt of selling pressure, suffering double-digit losses in recent trading sessions. Altcoins enjoyed a recent price surge in the past weeks but have quickly experienced a correction giving up most of their gains. However, altcoins weren’t the only tokens to experience large declines. Bitcoin is down over 10% falling below $40k and Ethereum is down nearly 15% trading in the $2,700 range.
Cardano (ADA) has strung together several days of gains while the overall market has struggled with sluggish performances over the previous week. After it’s strong performance, rising from $1.15 on January 11 to $1.49 at the time of publication, Cardano now ranks as the fifth-largest cryptocurrency carrying a market capitalization of around $50 billion and at the same time outpacing Solana which sits at a market cap of around $43 billion.