FTX US To Launch Gaming Business Involving NFTs – February 21

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $38,791

Bitcoin price has found itself dipping back below the $40,000 level over the weekend, beginning Monday in the $38,000s.

Top-20 altcoins are mostly steady over the last 24 hours, as Etheruem gains 2%, XRP remains almost unchanged and Terra jumps 7%

Top Stories for February 21, 2022 ๐Ÿ”ฅ

๐Ÿ‘‰ FTX US To Launch Gaming Business Involving NFTs

The US arm of popular cryptocurrency exchange FTX is launching a new gaming business, called FTX Gaming.

Job openings posted by FTX US demonstrate that the FTX Gaming is looking to integrate blockchain and non-fungible tokens (NFTs) into their games. The company will provide a crypto-as-a-service platform, where game publishers can launch tokens.

FTX also launched a $100 million blockchain gaming fund late last year, in partnership with Solana Ventures and Lightspeed Venture Partners.

๐Ÿ‘‰ OpenSea Phishing Attack Reportedly Affected 17 Usersย 

An OpenSea phishing attack over the weekend resulted in 17 users losing NFT assets โ€“ some of which were of high value, including Bored Ape Yacht Club collectibles.

The attack took advantage of users who thought they were migrating their listed assets from the old OpenSea smart contract to a new one. Instead, the new contract was falsified and granted the hacker access to the migrated tokens.

๐Ÿ‘‰ Russian Ministry Of Finance Introduces Bill Contradicting Central Bank

The Russian Ministry of Finance has introduced a bill that looks to regulate cryptocurrency assets, in stark contrast to the Central Bank’s intention to ban them outright.

The bill outlines a plan to create a regulated, legal marketplace for virtual assets, as well as rules for their circulation and who may participate in those markets. If passed, the bill would treat cryptocurrencies as an investment vehicle, rather than currency.