Blockchain Gaming

Threat to Elon Musk's Social Media Platform in Brazil

Friday. August 30 at 1:30 PM

1 min. read

Brazil's Supreme Court has issued a warning to Elon Musk's X social media platform, stating that it may be suspended by August 29, 2024, if Musk fails to appoint a legal representative for the company in Brazil. This action follows a recent dispute where X accused Supreme Court Judge Alexandre de Moraes of threatening its legal representative with arrest. In response, X announced the closure of its operations in Brazil on August 17, while ensuring continued service for Brazilian users. Moraes has demanded that Musk appoint a representative to address concerns of misinformation on the platform. The situation escalated after Musk criticized Moraes for alleged censorship tactics. The dispute reflects the political tensions in Brazil, including accusations of election fraud and civil unrest. The incident also sheds light on global concerns regarding state censorship and the legal challenges faced by tech executives like Musk and Telegram's Pavel Durov.

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Kraken Removes Lightning Network Feature for German Users

Saturday. September 14 at 10:00 AM

Top cryptocurrency exchange Kraken has disabled the Lightning Network feature for its customers in Germany, citing technical reasons. Initially, reports suggested regulatory issues were the cause, but Kraken clarified that it was due to technical changes. The company stated that the decision was made to ensure a reliable and secure platform for German clients. The Lightning Network, a second-layer application for Bitcoin, facilitates faster transactions for smaller purchases by routing them through side channels. This feature is aimed at reducing transaction fees during network congestion. While Kraken has disabled this feature, other major exchanges like Coinbase offer Lightning integration to provide cost-effective Bitcoin transactions. By utilizing the Lightning Network, customers can opt for a more efficient payment method during peak network activity, ultimately reducing transaction costs.

Blockchain Gaming

Blockchain Gaming Surpasses 4.2 Million Daily Users in August

Saturday. September 14 at 8:30 AM

Blockchain gaming achieved a new milestone in August with 4.2 million daily active users, as reported by DappRadar. Despite ranking second in activity among crypto sectors due to the AI boom, web3 gaming experienced a 5% increase in daily unique active wallets. Ronin led the blockchain gaming landscape with 1.32 million UAW, driven by games like Pixels and Forgotten Runiverse. OpBNB followed with 688,000 UAW, growing by 50% with games like 'SERAPH: In the Darkness.' SKALE Network also saw a 10% growth, reaching 352,000 UAW with titles like motoDEX and World of Dypians. KGeN emerged as the top gaming app with 2.3 million UAW, while Immutable's BoomLand and Pixels were also popular. The report highlighted the successful beta test of Lumiterra on Ronin and the significant VC funding in the blockchain gaming sector, nearing $580 million in investments.

Blockchain Gaming

Consumer Protection Concerns in European Video Game Industry

Friday. September 13 at 8:00 PM

A complaint has been filed by a group representing European consumer protection organizations with the European Commission regarding the use and marketing of in-game digital currencies by the video game industry. The European Consumer Organisation (BEUC) and 22 member organizations from 17 countries have urged the European Commission and the European Network of Consumer Authorities (CPC-Network) to take stricter action against video game companies that exploit consumer spending through in-game currencies. Concerns have been raised about the legal ambiguity surrounding in-game currencies, which are used as both digital content and payment methods. The report highlighted issues such as unclear pricing in real money, potential consumer confusion, and the impact on economic behavior. The organizations have called for enhanced enforcement and clearer regulations to address these challenges in the gaming industry.

Blockchain Gaming

Magic Muffins Game Launches on Telegram

Friday. September 13 at 3:30 PM

Earn Alliance recently introduced Magic Muffins, a combat game available on Telegram. Players can assemble a team of five muffin characters, engage in battles, and earn upgrades and rewards. The game allows users to earn crypto rewards through the ALLY token, scheduled for release on October 10. During the soft launch, over 5,200 players participated, spending 1.3 million in-game gold and 45,000 ALLY tokens. CEO Joseph Cooper highlighted the game's growth potential within the Telegram tap-to-earn trend, likening it to the Facebook games era. By targeting Telegram users, including crypto enthusiasts, Magic Muffins aims to compete with popular games like Hamster Kombat. Despite the latter's large player base and upcoming token launch, Earn Alliance is optimistic about Magic Muffins' success in the blockchain gaming space.

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