The bulls are back in the cryptocurrency market. In addition, developments and changes in the market continue unabated. For example, while Tencent collaborated with MultiversX, the Access Protocol (ACS) price skyrocketed after the airdrop. We have compiled hot developments for altcoin projects, which are also on the radar of Turkish crypto investors, for our readers.
Hot developments for altcoin projects on the radar…
$5.9 million stolen from Axie Infinity hack seized
Authorities in Norway confiscated 60 million kronor ($5.9 million) stolen from crypto game Axie Infinity in March last year. The National Agency for the Investigation and Prosecution of Economic and Environmental Crimes, or Økokrim, said this was the largest crypto seizure ever by Norwegian police. “This case demonstrates that we have a great capacity to track money on the Blockchain, even if criminals use advanced methods,” State Attorney General Marianne Bender said in a statement.
‘We are ready’ message from Cardano inventor to CZ
cryptocoin.com As we reported, after regulatory pressures on BUSD, Binance CEO Chanpeng Zhao (CZ) announced that they will be adding support for more stablecoins. In this post on Twitter, a follower recommended that Binance make a decentralized stablecoin. CZ, on the other hand, stated that he prefers it to be done by others. After these developments, Cardano inventor Charles Hoskinson gave the message that we are here today. Meanwhile, Cardano is on track to launch its stablecoin named DJED. Hoskinson posted a gif quoting CZ’s tweet, implying that ‘we did it’.
Tencent collaborates with MultiversX
MultiversX said Thursday it has partnered with Tencent Cloud to help the company expand its Web3 products. Tencent Cloud is the cloud component of the Chinese tech company’s portfolio, which also includes messaging app WeChat. The Chinese tech company behind the popular messaging app WeChat will use the MultiversX network infrastructure to build new products in the Web3 and metaverse spaces.
Theta Network will enable machine learning
Blockchain video delivery network Theta Labs has partnered with artificial intelligence (AI) platform FedML to enable collaborative machine learning for content recommendation and productive AI. Theta Labs co-founder and CEO Mitch Liu highlighted that the partnership unlocks a new use case for Theta’s edge nodes.
Access Protocol (ACS) flew after airdrop
A crypto-fueled experiment in monetizing digital media continues after Access Protocol airdrops slices of the ACS token to early adopters of the Solana-based content subscription service. On Wednesday, Access Protocol airdropped 20,000 ACS tokens each to members of a registry. According to CoinGecko, which runs the distribution, when the public token airdrop ended, traders stepped in to increase the value of ACS by over 300% since its launch.
NFT market Rarible expands its market to Tezos
Non-Fungible Token (NFT) marketplace Rarible is adding support for Tezos on its mass market, the company announced on Thursday. The addition of Tezos follows the recent announcement that Rarible will begin collecting Polygon-based listings. Rarible’s aggregation tool will now support NFTs from marketplaces like Objkt and Teia to support creators and collectors who prefer eco-friendly Blockchain.
The Sandbox announces collaboration with Toei Animation
The Sandbox, a metaverse and games company, announced on February 16 its collaboration with Japan’s animation studio giant Toei Animation. This company is known for their work in highly popular manga animations, including Sailor Moon, Dragon Ball Z, and One Piece. To celebrate this collaboration, Sandbox will be giving away a limited number of NFTs to the first 1,000 users who sign up.
Shiba Inu’s BONE becomes the first token to be featured on CoinMerge
Bone ShibaSwap, Shiba Inu’s management token, continued to make headlines prior to the launch of Shibarium. CoinMerge, an emerging cryptocurrency platform, named BONE in a tweet today as the first token to take advantage of the newly launched ‘update’ feature.
Stablecoin Djed and Shen (SHEN) at Aada Finance
The official Twitter account of COTI Network, the publisher of the Djed stablecoin developed by IOHK and COTI on Cardano Blockchain, has expanded its utility by spreading the news about Djed and its replacement token SHEN. These two altcoins were added as loanable assets and collateral as a result of management voting by Aada Finance. Aada Finance, a decentralized lending protocol through NFT bonds strategy on Cardano.
Floki (FLOKI) up 40% with new listings
The Ethereum-based meme coin continued its rally that began after Tesla CEO Elon Musk tweeted a photo of his dog Floki posing as Twitter’s new boss. According to data from CoinMarketCap, the altcoin price has increased by 40% in the past day.
Meanwhile, Atomic Wallet, a non-custodial, decentralized wallet with over 5 million users, announced that it supports FLOKI. This listing will allow users to manage and exchange Floki with over 500 cryptocurrencies listed on the platform.
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