Shadow Creator, one of the earliest companies in China to engage in the metaverse field, was reported by social media users on August 23 to be owing wages of more than 200 employees.
Sensor Tower, a mobile app marketing intelligence firm, released a report on August 24 which analyzed the changes of mobile game market in the metaverse in recent years.
Cryptocurrency trading platform Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair on August 26, with the validity period ending on September 26, the company announced on August 23.
The Joint Research Institute of Metaverse and Virtual-Real Interaction was formally established by a group of institutions and tech firms recently in Shanghai.
Safeheron, an open-source, zero-trust, self-custody solution for Web3 small and medium enterprises (SMEs), on August 19 announced its pre-A funding worth of $7 million and the strategic partnership with crypto wallet MetaMask.
This week: Bitcoin mining giant Canaan doubles profits despite China's crypto ban, Animoca Brands bets big during crypto winter, metaverse jobs disappear as hiring slows across global tech companies, and more.
HUSD, an Ethereum network-based stablecoin issued by Stable Universal Limited, has become the latest cryptocurrency to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on August 18.
Move-to-Earn Web3 platform STEPN announced on August 17 its launch of DOOAR, a multi-chain decentralized exchange (DEX) built by Find Satoshi Lab for STEPN users and beyond, with a brand new UI/UX design.
This week: Tencent halts sales on its NFT platform Huanhe amid regulatory scrutiny, Huobi founder to sell majority stake in the exchange at a $3 billion valuation, China shuts down 12,000 crypto-related social media accounts, and more.
UK-based NFT analytics platform Zash has partnered with Binance, the world leading crypto exchange, to launch a suite of enterprise data products that will serve the rapidly growing NFT market, an August 16 announcement showed.
On August 16, Huanhe, a digital collection platform under Tencent, announced that it had stopped the distribution of digital collections, as the company turns to focus on core strategies.
Moxian, a Nasdaq-listed company engaged in bitcoin mining and related services in the United States, announced on August 15 that its wholly-owned subsidiary has transferred all equity interest of Moxian (Hong Kong) Limited to Liu Jiantao, a resident of China.
News emerged on August 12 that Leon Li, the founder of cryptocurrency exchange Huobi, is seeking to sell a 60% stake in the company that would value the business at $3 billion. However, the report was denied by the platform.
According to data from research institute WeMeta, the average price of virtual land on six platforms based on Ethereum dropped from about $17,000 apiece in January this year to about $2,500 apiece in August, a decrease of 85%.
Jeffrey Huang, a Taiwanese-American singer and tech entrepreneur known online as Machi Big Brother, has sold 13 MAYCs for about $350,000 in the last 24 hours and has transferred 1,496,600 ApeCoins to Binance within nearly a week.
Cryptocurrency trading platform Hotbit announced on August 10 that it would suspend trading, deposits, withdrawals and funding functions, without specifying the exact time of their resumption.
ETC Cooperative, a public charity focused on supporting the development and growth of the Ethereum Classic project, on August 8 issued an open letter to Ethereum POW proponent Chandler Guo to challenge the latter's opinion.
NFT marketplace Magic Eden has submitted a proposal to ApeCoin to build an "ApeCoinDAO" marketplace, to serve as the home for $APE holders to buy and sell ApeCoinDAO NFTs, including but not limited to BAYC, MAYC and BAKC.
The Cometary NFT series by Paul Wong, a well-known Hong Kong singer, songwriter and record producer, was listed on the BitMart NFT marketplace at 12:00 pm on August 3.
Since the beginning of this year, the Cyberspace Administration of China has introduced measures to clean up illegal information, accounts and websites that have constituted so-called "publicity stunts" regarding virtual currency.
