πŸš€ BTS dance their way into NFTs

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    πŸš€ BTS dance their way into NFTs

    Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

    Have a terrific Thursday, Geckos!

     

    Hybe, the agency of K-pop band BTS, and Dunamu, the operator of cryptocurrency exchange Upbit, have formed a partnership to explore non-fungible tokens (NFTs).


    The partnership will produce NFT photocards featuring K-pop singers, which will eventually be traded on Weverse, Hybe's app for content and communication between artists and fans.


    In today's news, Binance investigates Squid Game Token scam, AscendEX raises $50M in a Series B funding, and KuCoin launches a virtual office in Bloktopia.


    Read on!

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    Will 'Contestant 001' Get Apprehended?

     

    A Binance spokesperson confirmed to CoinDesk that the exchange has considered the BSC-based SQUID token crash a scam and is currently investigating it.


    Binance is looking into ways to assist those affected, including blacklisting addresses associated with the developers and employing blockchain analytics to detect the bad actors.


    Binance will also inform law enforcement agencies in the appropriate jurisdiction of its findings.


    CoinDesk

    AscendEX Ascends With $50M Series B

     

    AscendEX, a cryptocurrency trading platform based in Singapore, has raised $50 million in a Series B fundraising round.


    Polychain Capital and Hack VC co-led the round with participation from Alameda Research, Jump Capital, Uncorrelated Ventures, Eterna Capital, Acheron Trading, Palm Drive Capital, and Nothing Research.


    The funds will be utilized to accelerate international market penetration and catalyze future product innovation, with a particular focus on blockchain-based yield generation protocols.


    CoinDesk

    The Metaverse Takes Another

     

    KuCoin, a cryptocurrency exchange, has announced that it will launch a virtual office inside the decentralized metaverse Bloktopia's skyscraper.


    The virtual structure comprises 21 levels to symbolize the total supply of 21 million Bitcoin (BTC) and is planned to contain other content developers such as Polygon and Avalanche.


    The meta office will allow users to design cyberpunks, interact with virtual furnishings, and chat with one another in the virtual world.


    Cointelegraph


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    Segregated Witness (SegWit)

     

    Formally "Segragated Witness (Consensus Layer)" or BIP141, Segwit removes digital signature data and moving it to the end of a transaction to free up capacity. Transactions are essentially split (or 'segregated'), into two segments: the original data segment and the signature (or 'witness') segment. The declared purpose of Segwit was to prevent nonintentional bitcoin transaction malleability, allow optional data transmission, and to bypass certain protocol restrictions (such as the block size limit)

      

    Learn about other Crypto terms here

    NFT of the Day πŸ–ΌοΈ

    Pudgy Halloween #2

    Artist: Jonathan Nash

    Gallery: Pudgy Halloween


    This is an official collaboration with Jonathan Nash and Pudgy Penguins to celebrate Halloween 2021!

     

    Check out other NFTs on CoinGecko

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    Submit your favorite NFTs here for a chance to be featured as our NFT of the Day!

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