💰 Microstrategy buys 1,914 more Bitcoin
Costing $94 million
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Hey Waivly Crew! 🌊 Yesterday, Microstrategy spent 94 million to buy another 1,914 bitcoin. Gaming NFT Marketplace Fractal has finally launched after being affected by a Discord hack .
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Gaming-focused NFT platform Fractal launches
Twitch co-founder Justin Kan has officially launched Fractal, a gaming-focused NFT marketplace.
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Fractal is a Solana-based marketplace that allows players to buy gaming NFTs for partner games directly from drops or in the resale market from other players. The NFT community seems to be fully behind Fractal, with over 110,000 people joining the platform’s Discord server in just two weeks.
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The marketplace launched with a range of leading partner blockchain games, including The Sandbox, Aurory, Caveworld, Genopets, Mini Royale, Nyan Heroes, Panzerdogs, Portals, Photo Finish, Solchicks, Syn City, and more.
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Fractal was originally set to launch on Christmas Eve until a scammer hacked the platform's Discord server's announcement bot and sent out a link to a fake mint link, making off with over $150,000 in SOL from unsuspecting victims.
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For real this time, Fractal is airdropping 100k special NFTs as a token of appreciation to the community. Fractals are dynamic clusters of energy that have a variety of attributes, including faction, power, name, purity, velocity, spin, and altitude.
South Korean government push for strict restrictions on P2E games
The South Korean government has took new steps to ban the release of new play-to-earn (P2E) games.
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P2E gaming has skyrocketed in popularity in 2021, and the South Korean government are not fans. P2E games are embedded with decentralized finance (DeFi) and non-fungible token (NFT) elements that allow players to earn cryptocurrencies while playing. However, gaming prizes over a few dollars are banned in South Korea.
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Earlier this week, the Game Management Committee (GMC) in the Ministry of Culture, Sports, and Tourism requested that major mobile app marketplaces block any games that require in-app purchases to play the game.
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An official from the GMC stated the commission was simply following the Supreme Court precedent in blocking P2E games from getting age-rated and registered. "It makes sense to prevent P2E games from being age-rated under current law as cash prizes in-game can be considered a reward."
The Waves
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🐵 NFT Project Bored Ape Yacht Club spawns ‘Left-Facing’ copycats
Crypto Special
MicroStrategy purchases 1,914 Bitcoin
Business intelligence firm MicroStrategy has purchased an additional $94 million worth of Bitcoin at an average price of $49,229
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According to a Thursday filing with the U.S. Securities and Exchange Commission, MicroStrategy purchased 1,914 BTC between December 9th and December 29th for $94.2 million.
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In a tweet, MicroStrategy CEO and bitcoin proponent Michael Saylor announced that the company now holds 124,391 bitcoins acquired for about $3.75 billion at an average price of $30,159 per bitcoin.
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Russia’s largest bank launches first blockchain ETF in the country
Sberbank, Russia’s largest bank, has launched the country’s first exchange-traded fund (ETF) to track the performance of major crypto companies, such as Coinbase and Galaxy Digital.
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Sber Asset Management officially announced the “Sberbank Blockchain Economy ETF” yesterday, which will trade on the Russian stock market under the ticker “SBBE.”
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According to the announcement, Sber’s blockchain ETF will be the first ETF in Russia that allows investors to make money in the blockchain economy without difficulties associated with buying, holding, and selling digital currencies.
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“Direct investments in crypto assets are associated with high risks, so it’s difficult to deal with them on your own. As such, we offer to invest not in crypto but rather in firms focused on the development of blockchain technologies,” Sber Asset Management CEO Evgeny Zaitsev said. He added that the new ETF will be available to “any individual.”
Tesla recalls half a million Model 3 and Model S cars
Tesla has recently issued a voluntary recall on nearly half a million cars to address potential failure on its vehicle’s trunk latching systems.
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Tesla will be recalling Model 3 units released between 2017 and 2020, as well as some Model S cars. The issue of the trunk latching system on the Model 3 is said to be the opening and closing of the trunks causing damages on the cable harnesses attached to the vehicle’s rearview camera which can cause the camera to fail unexpectedly. The issue that the Model S has is a bit more serious since the latch system can prevent its front trunk from fully latching.
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This issue on the Model S vehicles is a big concern due to it potentially causing issues that will affect the front trunk and could obstruct the driver’s view of the road. Tesla has explained to the National Highway Traffic Safety Administration that the “front trunk latch assembly may be misaligned, which can prevent the vehicle’s secondary latch from engaging. To fix the issues, Tesla pledged to install new cable harnesses and guide protectors on the vehicles free of charge.
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Documents that were submitted to the National Highway Traffic Safety Administration, note that 475,318 Tesla vehicles are subjected to the recall which includes about 356,309 Model 3 vehicles and 119,109 Model S vehicles.
Pushing The Wave With Ledger
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