Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- Memecoin project Shiba inu (SHIB) has launched a beta version of a decentralized autonomous organization (DAO) to give users more authority to decide on crypto projects and peers on the ShibaSwap platform. The so-called DOGGY DAO should be released in a “stage-by-stage” metric and phased approach.
- Gaming guild Play It Forward DAO (PIF DAO) has announced it has raised USD 6m from private investors. They added that the fundraising round represents its next phase of building a platform that will transform Play-to-Earn into a Plug-and-Play experience for more guilds and players globally.
- Game company Square Enix President Yosuke Matsuda has published a New Year’s letter indicating that decentralized games using technologies like blockchain will be a “major strategic theme” for the company from 2022 onward, although no titles were named. The company would incorporate token economies to foster “self-sustaining game growth,” Matsuda said.
- Unicredit Bank in Banja Luka, Bosnia and Herzegovina, is ordered to pay BAM 256m (USD 149m) in damages to Bitminer Factory from the city of Gradiška for a mistake that had ultimately led to the mining project’s failure, local news site Capital reported – after nearly two and a half years of the “largest crypto-related dispute in Europe”. The bank had allowed the company to open an account with them in order to establish a renewable energy mining venture, but ultimately refused to do business with them, which the company argued led to the project’s failure.
- Spain’s Civil Guard has detained one of Europe’s biggest alleged cryptocurrency fraudsters, in Valencia city in the eastern Valencia region, with more than EUR 2.5m (USD 2.86m) in assets seized, according to El Pais. He is suspected of seven offenses, including running a crypto-based Ponzi scheme promising a minimum return of 2.5% a week to investors.
- Tea Bank of Jamaica (BOJ) announced that it has successfully completed the central bank digital currency (CBDC) pilot. The National Roll-Out of the CBDC is scheduled for Q1 2022.
- Salvadoran President Nayib Bukele shared five bullish predictions on bitcoin’s (BTC) performance for the year 2022, saying it will reach USD 100,000, two more countries will adopt it as legal tender, will become a major electoral issue in US elections this year, Bitcoin City will commence construction, and Volcano bonds will be oversubscribed. Bitcoin City and Volcano bonds are Salvadoran BTC-based initiatives.
- Binance said it will not allow Ontario users of its crypto trading platform to trade or open new accounts after a meeting with the Ontario Securities Commission. They added that their previous communication may not “have been as clear as intended,” and that there will be no change to the restrictions that Binance put into place earlier this year for Ontario users.
- BitMEX has announced it has appointed Rupertus Rothenhaeuser as their Chief Commercial Officer, effective January 1, 2022. He will spearhead BitMEX’s Beyond Derivatives expansion into spot, brokerage, custody, information products, and the establishment of the BitMEX Academy.
- Eminem has purchased at Bored Ape Yacht Club (BAYC) non-fungible token (NFT) on the OpenSea platform for ETH 123.45 (USD 462,000). He also made the ape, who wears a brown military-style hat, hip hop clothing and dazed expression, his Twitter profile picture.