🤦‍♂️ Binance is not capable of FCA supervision

What has Binance done now

Hey Waivly Crew! 🌊 No, Kanye has not released his album Donda, but he's revealed the next best thing, a device called the ‘Donda Stem Player.' UK's FCA says it is ‘not capable’ of supervising crypto exchange company Binance.

TikTok is testing out a new shopping tab feature

The popular content creation platform TikTok has recently announced that they are testing out a new in-app shopping experience as part of its partnership with the e-commerce company, Shopify.

What is TikTok's new shopping tab feature?

The new feature is called TikTok Shopping, and it will have a selection of merchants from the U.S., Canada, and the UK to use the new shopping tab and product link to sell products from their Shopify stores. The new shopping tab will dedicate a section of a merchant's TikTok profile with a list of products that TikTok users can scroll and click through. The product link feature will offer the same integration features as the shopping tabs, which will allow merchants to link directly to a product through a TikTok post.

Who can gain access to the shopping tab feature?

At the moment, there is not a full-blown monetization option for creators, but the only way to gain access to the new shopping feature is that users need a TikTok Business account as well as a Shopify storefront. The new shopping tab feature is more of an expansion towards TikTok's advertisement partnership with Shopify that began in 2020. The expansion is a way for content creators to start making money on the social media platform.

Kanye reveals Donda Stem Player

Kanye has revealed something no one expected, a device called the Donda Stem Player, and it seems very useful for all musicians.

What is it?

According to Kanye's website, the Donda Stem Player is a device that allows you to customize any song you want by splitting it into stems, isolating certain parts, adding effects, drums, bass, samples, and more.

Made by Yeezy Tech

The device was developed by Kanye's Yeezy Tech brand, along with Kano, a London-based electronics startup. It got its name from West's mother, who passed away back in 2007.

Comes with many features

Donda Stem Player includes loads of features, such as a headphone jack, USB-C port, Bluetooth support, volume buttons, speakers, a haptic engine, and 8GB of storage. To see the device's full specs, you can find them here.

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Crypto Special

FCA claims Binance is 'not capable' of supervision

The FCA, one of the world’s leading financial regulators, has said it can no longer supervise crypto exchange company Binance.

Pressure since June

In June, the FCA, and other regulators, warned Binance, claiming it was unauthorized to offer conventional financial services within the UK. Since then, Binance has continued to offer crypto trading in the UK.

Incomplete answers from Binance

Two months later, the UK regulator has said that Binance has failed to respond to some of its most basic queries by giving incomplete answers and even refusing to answer some questions, making it difficult to supervise the company.

Binance responds

Binance responded to the FCA, saying, "As noted by the FCA, Binance Markets has fully complied with all aspects of its requirements. We continue to engage with the FCA to resolve any outstanding issues.”

A hotel in Swiss Alps now accepts crypto payments

A hotel in the Swiss Alps has started to accept Bitcoin and Ethereum as payments from guests.

The world is becoming more crypto-friendly

A night in one of the 123 rooms and suites in The Chedi Andermatt hotel, a luxurious five-star hotel in the Swiss Alps, will cost you around 1,300 francs, roughly 0.03 BTC or 0.45 ETH. As time goes on, more and more businesses all across the world have started to accept cryptocurrency as a payment method, especially in Switzerland, a country known for being very crypto-friendly.

Future in hotel operations

“We have long known that cryptocurrencies also have a future in hotel operations,” said Jean-Yves Blatt, the hotel's general manager. “In the course of the increasing spread and acceptance of cryptocurrency payments, we are proud to be one of the first Swiss luxury hotels to be able to offer our guests cryptocurrencies as a secure means of payment.”

Amazon's New World is getting an open beta

Earlier this week, Amazon Games showed us more of New World, along with a surprise, New World will have an open beta.

Not long until launch

In a Gamescom trailer earlier this week, Amazon Games announced its upcoming MMO is getting an open beta before its release on September 28th, giving users a chance to try out the game.

When is it?

The open beta will start at 3 PM BST on September 9th to 8 AM BST on September 12th, with servers available in North America, Europe, Australia, and South America. In late July, New World had its closed beta, and a lot of players enjoyed their time exploring the world for the first time.