Hey Waivly Crew! 🌊 FTX is reportedly in late-stage talks to acquire South Korean crypto exchange Bithumb. Epic Games CEO Tim Sweeney has reassured his company will not ban in-game NFTs anytime soon.
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FTX may buy South Korean crypto exchange Bithumb
FTX is reportedly in late-stage talks to acquire Bithumb, the South Korean crypto exchange with over 8 million registered users.
The companies have been in discussions for “several months”, an anonymous source told Bloomberg. When asked about the report, an official from the crypto exchange said: "We cannot confirm anything over the report or whether both sides are in talks for any deal."
This comes just weeks after FTX acquired the Canadian crypto exchange Bitvo in a move to expand its global reach and work with cryptocurrency regulators across the globe.
“Canada has shown a growing interest in digital asset trading, and we’re thrilled to help provide entry into one of the leading regulated crypto asset trading platforms in the world to the Canadian cryptocurrency community. We look forward to transforming Canadian’s access to the digital asset ecosystem as part of FTX,” CEO Sam Bankman-Fried said.
Earlier this month, FTX entered a deal with BlockFi to take over the struggling crypto lending platform. FTX purchased BlockFi for $240 million, based on performance triggers. The deal also included a $400 million revolving line of credit facility, subordinate to all client funds.
NFTs “definitely won’t” be banned on the Epic Games Store
Epic Games has confirmed it has no plans to ban NFTs, days after Minecraft developer Mojang Studios banned NFT and blockchain integrations.
At the time, the developer stated NFTs create models of scarcity and exclusion and strongly go against the Minecraft Usage Guidelines.
"To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our Minecraft client and server applications nor may they be utilized to create NFTs associated with any in-game content, including worlds, skins, persona items, or other mods," Mojang concluded.
A Twitter user commented on Minecraft’s NFT ban, tagging Epic CEO Tim Sweeney and saying: "hey Epic Games, it’d be really nice to see the same opinion from the Epic Games Store. Please get rid of every last one of those games on the store "
"Developers should be free to decide how to build their games, and you are free to decide whether to play them," Sweeney responded. "I believe stores and operating system makers shouldn’t interfere by forcing their views onto others. We definitely won’t."
Sweeney’s take on developer freedom was met with over 150 replies, one of which asked how this stance was different to banning discriminatory or hateful content. Sweeney replied, explaining:
“These are all editorial and brand judgments. A store could choose to make no such judgments and host anything that's legal, or choose to draw the line at mainstream acceptable norms as we do, or accept only games that conform to the owner's personal beliefs.”
Last September, the CEO shared a very different view on NFTs, stating his company would avoid them due to the space being “tangled up with an intractable mix of scams, interesting decentralized tech foundations, and scams.”
The Waves
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📝 KuCoin responds to recent rumours
🤔 Yuga Labs ‘inappropriately induced’ BAYC investors
NFT Special
Panarez is the creator of Butanding, an NFT displaying the gentle giant of the sea. This whale shark (Rhincodon typus) is a slow-moving, filter-feeding carpet shark and the largest known extant fish species.
Miriam Elvira created the NFT above in 2019 when she was struggling with depression. The concept is having an open heart but a broken heart. Wanting to give your whole self to others while you are also trying to fix yourself. There’s also hints of that in the heart itself, with SOS and binary code spelling a message for help.
Lee McCarthy is a self-taught artist who works in acrylic paint and digital with over 80 sales as an NFT Artist. Final Storm is a 1/1 piece that they listed on Foundation.
Taiwan bans crypto purchases using credit cards
Taiwan's Financial Supervisory Commission (FSC) is looking to ban the use of credit cards for crypto purchases, according to local media reports.
On Friday, the FSC told Forkast News that it had issued a letter to the banking association in early July, which asked credit card agencies not to sign on virtual assets service providers as merchants.
The authority stated credit cards should serve as a payment tool for consumption rather than a method for financial investment and speculative trading, and gave credit firms three months to comply with the new requirements.
The FSC also mentioned a prior requirement that bans the use of credit cards in payments tied to gambling, stocks, futures, options, and other transactions.
Meanwhile, Taiwan has been working on a no-interest central bank digital currency (CBDC) for the past three years, and recently completed retail trails for the prototype.
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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