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Crypto News Flash

Georgios Konstantopoulos, chief technology officer of crypto venture capital firm Paradigm, said on Twitter that Paradigm is building Reth, a Rust-based Ethereum execution layer.

Reth is not a fork or rewrite of any other client implementation, but a new Apache/MIT-licensed full-node implementation whose core goals are modularity and open-source friendliness.

Digital asset custodian Hex Trust received a Minimum Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) on Nov. 24.

The range of services Hex Trust can now provide includes virtual asset custody services, broker-dealer services, and staking services.

Binance has also previously received a Minimum Viable Product (MVP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

Currently, 76% of SHIB holders are at a loss, 15% of them are profitable, and 9% of them are breaking even.

52% of SHIB holders have held SHIB for more than one year, while 40% of the holders have held the coin for less than 12 months, and 8% of the holders have held the coin for less than a month.

Grand Theft Auto follows Minecraft by banning NFTs from third-party online servers. Its developer, Rockstar Games, confirmed in a statement last week that developers cannot integrate crypto assets such as cryptocurrencies or NFTs.

The new rules are specific to RPG servers. Think of them as spinoffs of the original GTA 5, created not by Rockstar Games but by fans and developers. They expand how players play in the standard game, allowing them to take on roles that would normally not be playable, such as a policeman, judge, or taxi driver.

The company emphasized that it still supports the servers despite the new restrictions. It also prohibits the importation or misuse of other IP, including other Rockstar IP, real brands, characters, trademarks or music in projects; making new games, stories, quests or maps.

FTX founder Sam Bankman-Fried (SBF) is donating millions to lawmakers during the 2022 midterm cycle. But after FTX filed for bankruptcy protection, some politicians rushed to get rid of crypto-pegged cash.

Some U.S. lawmakers have donated campaign donations from controversial donors to charity, with the first lawmakers to donate Bankman-Fried cash being Rep. Chuy Garcia, D-Illinois, and Kevin Hern, R-Oklahoma.

The pair donated their FTX-pegged cash to charity. So did Sen. Kirsten Gillibrand (D-N.Y.), co-author of a sweeping cryptocurrency regulation bill, who donated Bankman-Fried’s $5,800 donation to a New York City charity. .

An estimated 102.06 million crypto wallets were downloaded to Android and iOS devices between January 2022 and October 2022 (counting 21 selected apps that enable digital currency storage).

This value is down 42.37% from the 177.85 million downloads in 2021. It’s worth noting that last year’s numbers represented the highest annual crypto wallet downloads ever recorded, a 453.12% increase from 2020’s 32.95 million.

Elsewhere, January 2022 saw the highest number of downloads at 16.11 million, compared with 8.7 million in the most recent month, October. July had the fewest downloads at 7.29 million. It is worth noting that wallet downloads do not necessarily represent the entry of new users. Sometimes individual investors can have multiple wallets under the same device.

Cryptocurrency investors in South Korea, Singapore and Japan were the largest users of the now-defunct FTX.com exchange, based on the number of monthly unique visitors from January 2022 to October 2022, according to a report by CoinGecko.

According to the data, the total traffic of these three Asian countries during this period accounted for 15.7% of the total traffic of FTX. Among them, South Korea had the highest number of monthly unique users, reaching 6.1%, which was 297,229 people.

Porsche’s official website has launched an NFT page, with a text to join us and start a new journey.

This is a journey that combines physical and digital to create a unique hybrid experience, a journey dedicated to co-creation and community or hinting at the release of NFT series and the establishment of Web3 community. In addition, Porsche has created a Twitter account PORSCHΞ (@eth_porsche) with Ethereum-related symbols for this purpose.