Discover more from Token Dispatch
Binance's Aussie Adventure🐨
Discounted Bitcoin, delistings, and CZ's bankless dream. Krafton, Square Enix, and more ready to level up. Attorney's misadventures with ChatGPT and Ordinals reaches 10 Million.
Hello, y'all. Dispatched spinning power tunes on »» Muzify ««
This is The Token Dispatch. Hit us on telegram 🤟
Binance is having quite the adventure down under in Australia. 🦘
First off, the Australian Securities and Investments Commission cancelled Binance's derivatives license last month.
And now Bitcoin is on a discount spree at Binance Australia.
You can snag a whole Bitcoin for a whopping $5,000 cheaper than the global market price.
Here's the reason👇🏻
Binance Australia suspended their Australian dollar services, leaving users scrambling to cash out their crypto before the local bank withdrawal door slams shut all because of third-party issues.
So, while the price is tempting, getting your funds over, things might be a bit trickier.
Binance warned its users that any remaining Australian dollars on the exchange after May 31 would be turned into good ol' USDT automatically. Traders are rushing to convert their digital treasures into Aussie dollars.
So, what's the result of this frenzy? Bitcoin prices have taken a dip down under, plummeting as much as 21% when traded against the Australian dollar. One BTC can now be yours for the low, low price of only 33,750 Australian dollars. That's a steal, mate!
Without the ability to deposit Aussie dollars or convert other crypto assets into them, getting your hands on those discounted Bitcoins might be tricky.
To add fuel to the fire, Binance is warning of upcoming delistings for several crypto trading pairs with Australian dollars.
Good news: Binance is on the hunt for a new payments provider to bring back those Aussie dollar services. Until then, people can still buy and sell crypto using credit or debit cards, though those rates seem to be more in line with the market.
But CZ is not buying banks:
Banks are collapsing, crypto companies are being debanked, and operations in Australia is in trouble, but Binance has no plans to buy banks.
Someone recently asked CZ: "Can you please, buy a bank and make it crypto-friendly?"
He said: “The reality is much more complex than the concept. You buy one bank, it only works in one country, and you still have to deal with the banking regulators of that country. It doesn’t mean you can buy a bank and do whatever you wanna do.”
He explained that even if Binance managed to buy a bank, they would need corresponding banks all over the world. And most of those corresponding banks are hanging out in the USA. And if you touch crypto, they might not play nice with your international transactions.
He also said that owning a bank or a network of banks wouldn't exactly fill Binance's pockets with gold.
The gaming world is evolving, and traditional game publishers are jumping on the Web3 bandwagon. They're embracing blockchain networks, cryptocurrency, and NFTs to create exciting new experiences for gamers.
Krafton: PUBG fans, listen up! Krafton is gearing up to take you on a mind-blowing journey into the metaverse with their upcoming NFT-enabled game, Migaloo. Krafton is leaving no stone unturned as they team up with tech company Naver Z to bring you the gaming experience of a lifetime!
Square Enix: Square Enix, the genius behind Final Fantasy and Kingdom Hearts, has been diving into NFT video games since 2019. They've unleashed Ethereum-based NFT trading cards and are cooking up a mind-bending NFT game called Symbiogenesis.
Nexon: Nexon is brewing up MapleStory Universe, a game that fuses polygon-powered NFTs with addictive gameplay. With over 260 million players and $4 billion in revenue from the original MapleStory games, this new venture is set to rock the gaming universe!
Zynga: Let's not forget the masters of casual gaming, Zynga! Known for hits like Farmville and Words With Friends, Zynga is levelling up with their Web3 gaming division. While they're still cooking up their next big thing, they're on the lookout for talented software engineers to help create "enduring Web3 games."
Ubisoft: The French gaming maestros are boldly exploring the world of NFTs in their games. With Tezos NFTs for Tom Clancy's Ghost Recon Breakpoint and Rabbids-inspired NFTs, Ubisoft knows how to shake things up. They're embarking on a journey of discovery to find the perfect way to incorporate NFTs into their titles.
NCSoft: NCSoft, the genius behind Guild Wars and Blade & Soul, is joining forces with blockchain firm Mysten Labs. They're cooking up a secret recipe for mind-blowing NFT games on the Sui blockchain. While the details are still under wraps, you can expect nothing short of gaming magic from these wizards!
Com2us: Summoners War fans, rejoice! Com2us is diving headfirst into the world of blockchain games. They're planning to release a jaw-dropping 10 to 15 blockchain games per year, with most of them dazzling your mobile devices.
Wemade: Fishing, baseball, and fantasy MMORPGs? Wemade has got it all covered! With their play-and-earn fishing game World Fishing Championship and upcoming blockchain games like R1B and Night Crows, they're turning gaming into an unforgettable Web3 experience.
TTD Regret 😕
We have got a courtroom tale that will tickle your funny bone!
In the bustling world of law, a New York attorney named Steven Schwartz thought he had found the perfect sidekick in ChatGPT, an AI-powered research tool. But oh boy, did he stumble into a comedy of errors.
Assigned to represent Robert Mata in an injury claim against Avianca Airlines, Schwartz turned to ChatGPT for legal research. Little did he know that his newfound buddy would lead him down a path of hilarity. The judge, upon scrutinising the case, couldn't help but unleash a torrent of laughter. Six cases submitted by Schwartz were deemed "bogus," complete with bogus quotes and citations.
The judge even uncovered non-existent cases and a docket number mix-up. It was a legal circus.
Realising his blunder, Schwartz expressed regret, admitting his ignorance of the potential falsehoods lurking within ChatGPT.
Then Schwartz vowed to never again rely on the AI's unverified authenticity.
TTD Numbers 🔢
Bitcoin's Ordinals protocol is on fire - Over 10 Million heart-pounding inscriptions on the blockchain. 🎢
This happened just days after its creator stepped down as the project's lead maintainer.
This protocol has been rocking the charts ever since the BRC-20 token standard hit the scene in March. Now you can create new tokens on Bitcoin, just like magic! 🎩✨
This method of "inscribing" assets has faced its fair share of critics. They say it's a bit like throwing confetti everywhere and not very efficient, especially regarding block space and transaction fees.
Despite the criticism, Ordinals has managed to reel in newbies to the Bitcoin community like a pro angler. Even the anti-Bitcoin advocate Peter Schiff got in on the action. He minted NFTs using the protocol.
And hey, let's not forget the miners! They're happy; they've struck gold, earning $44 million in Ordinals-related fees.
TTD Blockquote 🔉
Jordan Bayne, film director and The Squad founder
“"Web3 Can Help Marginalised Communities Share Their Stories”
Bayne believes that blockchain technology can be a game-changer for creators. With Web3, filmmakers can finally hold onto their intellectual property from start to finish, revolutionising the creation, production, and distribution processes.
She said all this at the MetaCannes Festival and also spilled the beans on how Web3 can be a filmmaker's secret weapon. The Film Squad, a media collective founded by Bayne, has been leading the charge since 2015, showing indie filmmakers the incredible possibilities that blockchain offers.
With Web3, filmmakers can truly own their intellectual property and involve their community every step of the way. No need to rely on the big studios anymore! Bayne emphasised the inclusive nature of the Squad and Web3, bringing together like-minded artists from around the globe.
"You can truly own your IP through the whole thing," Bayne said. "Your community can be involved through every step, and you don't necessarily need the studios."
TTD Surfer 🏄
Russia drops plans for state-run crypto exchange, the government may be more willing to work with the cryptocurrency industry.
Level Finance, a BNB Smart Chain-based decentralised finance (DeFi) platform, was hacked for over $1 Million worth of BNB on May 2.
Australian crypto exchange TrigonX to emerge from the FTX collapse. Plans to relaunch after it collapsed with debts exceeding $50 Million.
If you like us, if you don't like us .. either ways do tell us✌️
So long. OKAY? ✋
The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.