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OKX seeks Australian expansion citing 'huge appetite' for crypto

Seychelles-based crypto exchange OKX has signaled its intention to expand its crypto services to Australia, a country it believes is primed to take on the next wave of crypto adoption.

The trading platform explained in a March 29 statement that Australia would be a key growth market for the firm moving forward. The firm states it provides services to over 100 countries. In July 2022, it secured a provisional license in Dubai.

"We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office,” the firm wrote in a statement.

Haider Rafique, the chief marketing officer of OKX told Cointelegraph that the decision to expand "Down Under" was driven by a “huge appetite” of Australians for more crypto investment and trading products:

“What I’ve interestingly found over the last 5-6 years is that Australian retail investors certainly show a huge appetite for exploring crypto as an investment vehicle and also for trading. When I came to OKX, I certainly saw that in terms of web traffic and people from Australia trying to explore OKX services.”

Altcoins

OKX seeks Australian expansion citing 'huge appetite' for crypto

The exchange's chief marketing officer believes Australians are above-the-curve when it comes to crypto education and interest.

Blockchain

Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council advisor

Crypto Council for Innovation advisor Sean Lee said more education is needed for policymakers and financial regulators.

Regulations

SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'

SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

Regulations

Bitcoin price briefly hits $29K despite regulatory crackdowns

Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,132.82 on March 30, clocking a new high for 2023.

Bitcoin

FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed

The creditor's committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12.

Regulations

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay. 

Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)

Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot. 

Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.

“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.

EVE Online, MapleStory to get Web3 treatment

While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.

Gamers playing Shrapnel
Altcoins

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

Bitcoin

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay. 

Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)

Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot. 

Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.

“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.

EVE Online, MapleStory to get Web3 treatment

While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.

Gamers playing Shrapnel
Weekly Overview

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay. 

Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)

Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot. 

Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.

“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.

EVE Online, MapleStory to get Web3 treatment

While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.

Gamers playing Shrapnel
Market Analysis

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

Blockchain

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

Ethereum

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

Regulations

FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin Gruenberg

The Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

Regulations

Anti-TikTok RESTRICT Act could be turned against crypto and much else, think tank warns

Experts are speculating on ways the Act could be misused, if passed, and finding potential threats to technologies people love.

Regulations

Optimism reigned at Paris Blockchain Week

Careful optimism was the theme at this year's Paris Blockchain Week. Builders will build and the crypto community will keep going.

Blockchain

Arbitrum airdrop-related selling subsides, but Dapp use sustains while smart money accumulates ARB

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens.

Ethereum

Arbitrum airdrop-related selling subsides, but Dapp use sustains while smart money accumulates ARB

The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth.

Arbitrum ecosystem tokens sees sell-the-news type event

The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT).

The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announcement and the actual airdrop on March 23.

The report added, “On the day the airdrop happened which marked the launch of the $ARB token, the prices of ecosystem tokens began to decline, suggesting a classic “sell the news” event.”

Arbitrum ecosystem tokens after the airdrop announcement (vertical red line) vs. theactual airdrop (vertical blue line). Source: An Ape’s Prologue

Moreover, the Arbitrum airdrop included a 1.1% allocation out of the total ARB's supply of 12.75 billion for the DAOs in the ecosystem. This was also a reason behind the bullish thesis around the Arbitrum ecosystem, as the DAOs will get a chance to promote usage through ARB incentives.

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Altcoins

Mysterious entity may be collecting BTC users' IP addresses — Bitcoin developer

The entity reportedly uses a range of 812 different IP addresses to obscure its identity while collecting data.

Bitcoin

Mysterious entity may be collecting BTC users' IP addresses — Bitcoin developer

The entity reportedly uses a range of 812 different IP addresses to obscure its identity while collecting data.

Blockchain

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