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Binance Saw ‘Significant’ Outflows Since CZ Announcement, KuCoin Launches KuCard, 10101.art Reveals Sale of Banksy’s Turf War

Exchange news

According to the analysis by the blockchain data analytics platform Nansen on Binance’s netflows, significant outflows have been observed since the announcement of Changpeng Zhao (CZ) stepping down as CEO. However, Nansen notes that in relation to the total holdings of Binance, these outflows are relatively small. The platform still holds well over $65 billion in assets.

In the past 24 hours, Binance has recorded over 599.8 million outflows. Despite this, the BNB token, associated with Binance, experienced a drop during this period but is currently stabilizing.

In a separate development, KuCoin has introduced the KuCard cryptocurrency debit card. This card seamlessly integrates digital assets with traditional banking, enabling users to spend their cryptocurrencies at any location accepting regular debit cards. The card automatically converts crypto into local currency during transactions and supports contactless payments through integration with Apple Pay and Google Pay. Initially available to residents of the European Economic Area (EEA), KuCard has plans for a global launch in the future.

NFT news

Art tokenization company 10101.art has announced the sale of Banksy’s iconic piece “Turf War,” named after his first major exhibition in 2003. The artwork features a punk rock version of Winston Churchill and is available for purchase as fragmented tokens using tokenized digital asset technology.

The pre-sale for “Turf War” is scheduled for November 27, offering a limited number of fragments at a discounted price of $60 (40% off). The main sale will follow, with the remaining pieces available for $100. The website indicates that there are 1,500 fragments available for purchase.

Additionally, the company is providing an opportunity for users to claim one of only 15 freemints and secure a spot on the exclusive whitelists for the Mint NFT masterpiece “Turf War.” Owning this NFT will grant buyers ownership of the world-renowned masterpiece through NFTs.

Payments news

Uphold’s web3 financial platform, Topper, has announced the addition of Apple Pay and Google Pay as payment options for users on its fiat-to-crypto on-ramp. This expansion is aimed at facilitating faster and more convenient transactions across Topper’s extensive selection of over 200 digital assets.

The integration of Apple Pay and Google Pay brings several advantages, including mainstream adoption. By tapping into these popular payment methods, Topper gains access to a larger user base, potentially inviting more individuals to engage with cryptocurrency. This move also contributes to an enhanced web3 experience, offering users familiar payment methods for smoother transactions. Additionally, the inclusion of well-known web2 options simplifies payments in the crypto space, lowering barriers to entry.

Uphold acknowledges that web3 adoption faces challenges related to limited accessibility and user-unfriendly features. With Topper’s adoption of Apple Pay and Google Pay, the platform aims to address these challenges, making it simpler for users to purchase digital assets.

Entertainment news

SCB 10X, the venture investment arm of SCBX Group, has announced a collaboration with T-POP Incorporation. This partnership introduces a T-POP metaverse concert featuring the Thai girl group 4EVE, according to a press release. The collaboration aims to provide a revolutionary metaverse experience for fans globally, allowing them to immerse themselves in Thai pop culture through collaborative learning.

Over the past year, SCB 10X has been working on the concept of SCB 10X Headquarters in The Sandbox metaverse. This virtual space offers enthusiasts the opportunity to explore four distinct zones: The Teahouse, Chinatown, Exponential Arena, and Arcade. The development of such metaverse experiences represents a growing trend in blending entertainment, culture, and technology for global audiences.

Gaming news

BLOCKLORDS, a medieval MMO grand strategy game featuring a player-owned economy, has unveiled its second trailer titled “Slay the Bear.” The announcement highlights that by building on-chain, BLOCKLORDS players have access to real-world, tangible liquidity, representing a crucial component of Web3. This integration allows players to generate value in-game while enjoying layered and strategic gameplay.

The “Slay the Bear” trailer is the second of three cinematic trailers produced in collaboration with the renowned animation studio Axis Studios, known for their work on blockbuster game trailers such as Diablo II: Resurrected, Halo Infinite, Destiny 2, and films like A Man Named Otto.

The release of this trailer sets the stage for the BLOCKLORDS season one battle pass, introducing a broader range of gameplay mechanics and exclusive rewards for players. BLOCKLORDS is a free-to-play PC game currently in the open beta phase on the Epic Games Store. During its soft launch, the game recorded over one million gameplay hours weekly and is preparing to welcome more players ahead of season one.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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