Bitcoin News and Finance: What You Need to Know

Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users will be discontinued from 13 January 2022,” said Binance Singapore. Binance Withdraws Application to Operate Crypto Exchange in Singapore Binance announced Monday some changes affecting all users of its Singaporean platform, Binance.sg. Noting that “The decision has not been made lightly,” the exchange detailed: We are writing to you today to inform you that Binance Asia Services Pte Ltd (BAS) intends to withdraw its licensing efforts in Singapore and wind down its digital payment token (‘DPT’) services in Singapore by 13 February 2022. Binance explained that with immediate effect, no new user registrations will be permitted on Binance.sg and existing users will not be able to deposit crypto or ...

The crypto-economy has been sliding in value this week and during the last 24 hours, it has lost 2.5% dropping to $2.3 trillion. The leading crypto asset bitcoin has slid 4.8% during the last seven days and ethereum has dropped 11.7% last week. The downward spiral has cryptocurrency advocates questioning whether or not the bull run is over and if the bear market has begun. Bears Continue to Claw the Crypto Economy Down Following all-time price highs on November 10, the crypto asset economy has shed an enormous amount of value and continues to sink lower every few days. After reaching $69K per unit on November 10, bitcoin (BTC) managed to stay above the $60K zone for six days after, and for just over two weeks, BTC managed to stay above the $50K region. After sliding below $50K on December 4, the same day it hit a low of $43,972 per unit but has managed to jump back above the $47K zone. Still, bitcoin (BTC) is trading for 149% higher than it was on this day last year. However, mo...

PRESS RELEASE. Metaverse Alliance has announced the launch of its online Metaverse Hackathon (Metathon) for all metaverse enthusiasts around the world. In recent months, the metaverse has generated a lot of buzz across the internet, with notable corporations like Facebook and Microsoft all racing to embrace the concept. The Metaverse Alliance team believes that the metaverse will create long-term value in the future and that both real and virtual worlds will exist in parallel with little boundaries. Metathon comes from the portmanteau of metaverse and hackathon. It is seeking to create a viable platform for great and amazing developers who have the imagination and vision of the metaverse. The metathon is for those who believe that many protocols and Web 3 tools are necessary for everyone in terms of metaverse infrastructure. It is also open to artists who understand the future direction of non-fungible tokens (NFTs). Details About the Metathon The Metaverse Alliance has cooperated...

Dogecoin got a boost Tuesday morning when Elon Musk announced that Tesla will be accepting dogecoin for some products. Musk has just been named Time Magazine’s Person of the Year and said that DOGE is more suitable for transactions than bitcoin. Tesla Will Begin Accepting Dogecoin Tesla CEO Elon Musk has announced via Twitter that his electric car company will accept dogecoin (DOGE) for some products. In a tweet Tuesday morning, Musk wrote: “Tesla will make some merch buyable with doge & see how it goes.” The announcement came just one day after Musk was named Time Magazine’s Person of the Year and said that dogecoin is better suited for transactions than bitcoin. The Tesla boss noted that BTC is more suitable as a store of value. The price of dogecoin popped 28.5% from $0.1699 at the time of Musk’s tweet to $0.2183 in just over an hour based on data from Bitcoin.com Markets. Meanwhile, Tesla still has not resumed accepting bitcoin. The electric car company began accepting...

SIDUS HEROES is the first ever WebGL, AAA-level, Play-to-Earn, NFT and MMORPG game built by an experienced tech company with 200+ full-time employees and numerous successful projects under its belt. The game is set in a space metaverse at a time when technological advancements have reached the level of merging with all living beings. All characters belong to one of several blockchain races and embody that chain’s strongest attributes. The game provides users with multiple gaming scenarios: interstellar exploration, battles and settlements, as well as scope for political, social and economic development. Introduction and Details SIDUS HEROES utilizes a gaming graphics engine built on WebGL. The graphics engine enables unmatched HD rendering quality in compatible web browsers. Users don’t need to download any applications onto their PCs or phones, wait for the game to download, install updates or bother about storage. Players can simply enter the game’s URL and the game is restored f...

Vulcan Forged, a gaming and NFT platform, suffered a security breach that allowed attackers to gain control of some cryptocurrency wallets of the service. The hackers got hold of 96 user wallets and managed to steal more than 4.5 million PYR, the native token of the project, among other assets. Vulcan is now dealing with the aftermath and announced it would reimburse all users with funds from their treasury. Vulcan Forged Wallets Hacked, 4.5 Million PYR Stolen Vulcan Forged, a blockchain gaming platform with an NFT market, suffered a security breach on December 13 that allowed attackers to gain access to the private keys of some users. According to early reports, the attackers managed to compromise the keys of 148 wallets, holding 4.5 million PYR, the native token of the project, and other crypto-assets such as ethereum and matic. Later, the platform stated that just 96 wallets were affected. Vulcan also stated that, due to this hack, they were moving to a fully decentralized wal...

On Monday, the blockchain game developer and investor Animoca Brands announced a partnership with the Bored Ape Yacht Club (BAYC) in order to develop a BAYC play-to-earn game leveraging the collection’s popular NFTs. Bored Ape Yacht Club has seen 23,016 sales to date and has a market valuation of around $2.05 billion. BAYC and Animoca Brands Team up to Launch a Game The Yuga Labs-issued Bored Ape Yacht Club (BAYC) and Animoca Brands have revealed a joint partnership in order to develop and publish a blockchain game. The game will integrate the collection of BAYC NFTs, which have seen extreme demand in 2021. When the collection of 10,000 BAYCs was first introduced, each BAYC sold for 0.08 ether ( ETH ) per NFT. Single Bored Ape Yacht Club NFTs have sold for hundreds of thousands of dollars in crypto and even millions of dollars in ether at auction. A lot of 101 BAYC NFTs were sold at Sotheby’s “Ape In!” sale, which realized $24.4 million at auction. Metrics from dappradar.com in...