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September 13, 2023

Bitcoin Fees, Metaverse Investments, Web3 Messaging, Crypto Crime, and More

The latest developments from the world of technology

Bitcoin fee raises eyebrows

In the world of cryptocurrencies, one Bitcoin user made headlines by paying a whopping BTC 20 as a transaction fee to move just BTC 0.074, equivalent to $200. Experts speculate that this extraordinary fee might be attributed to buggy software from an exchange or payment processor. The incident underscores the importance of robust transaction processing systems and the need for vigilance in the crypto space.

Metaverse venture capital firm raises $20 million

Animoca Brands, a prominent metaverse and gaming venture capital firm, recently secured $20 million in funding. Led by CMCC Global and featuring investors like Kingsway Capital, Liberty City Ventures, and industry luminaries such as Gabby Dizon, this injection of capital will propel Animoca Brands' ambitious Mocaverse project. The funds will be channeled into product development, Web3 adoption, and forging strategic partnerships, further expanding the company's extensive portfolio of Web3 investments.

Web3 messaging gets personalized

Unstoppable Domains, a platform for digital identities and domains, introduced a Business-to-User (B2U) instant messaging feature in its new service, Unstoppable Messaging. This innovation enables businesses to tailor their messages to specific Web3 audiences without the need for elaborate user identification processes. Powered by Web3 communication network Push Protocol, this development opens up new avenues for companies to connect with their customers directly, delivering messages, offers, and information seamlessly.

Crypto crime four years in the making

The US Department of Justice (DOJ) is poised to seize $5.2 million in Bitcoin that was stolen four years ago by a teenage hacker through a SIM-swapping scheme. Additionally, a sports car purchased with the stolen funds will be confiscated. This serves as a stark reminder of the persistent challenges posed by cybercrime in the cryptocurrency space and the efforts of law enforcement to recover stolen assets.

Influence regulation takes shape

In the realm of financial influence, French regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have taken a proactive step by launching a training module for influencers in the financial sector. This move aims to professionalize commercial influence, aligning it with regulatory requirements. The module forms part of the "Responsible Influence Certificate" and contributes to ensuring ethical and compliant practices in financial marketing.

Sushi dives into Layer-1 blockchain

Decentralized exchange (DEX) Sushi has expanded its services onto the Aptos layer-1 blockchain, marking its first foray beyond the Ethereum Virtual Machine (EVM) ecosystem. Leveraging Aptos's Move programming language, Sushi is introducing its v2 Automated Market Maker (AMM), with further integrations on the horizon. This expansion demonstrates the growing diversity and adaptability of decentralized exchanges as they explore new blockchain ecosystems.

Neil Hodgson-Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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