2022-01-18

Daily Digest – January 18th

• Crypto.com suspends withdrawals as unauthorized activity leads to $15 million loss.

• Binance to set up exchange in Thailand, burns $792 million in BNB.

• Polygon to begin burning MATIC with the launch of EIP-1559 on its mainnet.

• Spain and Singapore to ban crypto ads. Bulgaria and the U.K. top crypto holding charts.

In its First-Ever Auto Burn, Binance Destroys 1.68 Million BNB Tokens

In December 2021, the world’s largest crypto exchange, Binance, announced the introduction of a new Binance Coin (BNB) Auto-Burn protocol to provide more “transparency and predictability” to its community.The Auto Burn protocol automatically calculates how much BNB should be burnt based on BNB’s average dollar-denominated price during the quarter and the number of blocks produced on the Binance Smart Chain (BSC) in that period...

Walmart Preps to Jump into Metaverse, NFTs, and Crypto

On Sunday, CNBC reported that the world’s largest retailer – Walmart – filed seven applications with the U.S. Patent and Trademark office in December. Those filings outlined Walmart’s plans to launch its own cryptocurrency, NFTs, possible payment system, crypto financial services, and more.One of the applications specifically mentions Walmart’s plans to create and sell virtual goods such as electronics, home decor, toys, sporting goods, and personal care products. Such digital versions of physical products would make the most sense in a virtual- or augmented-reality setting such as the metaverse...

Crypto.com Suspends Withdrawal Due to Unauthorized Activity. Users Claim Losses Up to $15 MillionSingapore-based cryptocurrency exchange – Crypto.com – on Monday, January 17, announced the temporal suspension of withdrawals after its hot wallets were compromised.

Boxing Icon Mike Tyson Launches an NFT Collection and Discusses Solana

One of the most celebrated boxing icons of all time, Mike Tyson is launching another NFT collection, this time with gaming and metaverse developers Ex Populus.The collection “Iron Pigeons” comes from Tyson’s nickname “Iron Mike” and his love for pigeons. The boxing legend owns and takes care of over a thousand birds. The collection of 10,000 unique NFTs will be a part of the Ex Populus metaverse and will feature in its trading card game. Rarer pigeon traits mean a more powerful card in the trading game...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas