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Today in Crypto: Binance Saw ‘Significant’ Outflows Since CZ Announcement, KuCoin Launches KuCard, Reveals Sale of Banksy’s Turf War

Sead Fadilpašić
Last updated: | 3 min read
Source: 10101_art / Twitter

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

Exchange news

  • According to the blockchain data analytics platform Nansen‘s analysis of Binance’s netflows, Binance has seen significant exchange outflows since the announcement of Changpeng Zhao (CZ) stepping down as CEO, “but relative to their total holdings, it’s quite small,” it said. Per the commentary shared with Cryptonews, it also found that there are still well over $65 billion of assets on the platform; the exchange clocked over 599.8 million outflows over the past 24 hours; and while the BNB token dropped during this period, it is stabilizing for the moment.
  • KuCoin announced the launch of the KuCard cryptocurrency debit card. According to the press release, the card seamlessly merges digital assets with traditional banking, allowing users to spend their crypto anywhere that accepts regular debit cards. “Accepted at millions of locations, KuCard empowers users to utilize their cryptocurrency for everyday purchases, online shopping, or even withdraw cash at ATMs,” it said. The card automatically converts cryptocurrency into local currency at the point of sale, and it integrates with Apple Pay and Google Pay, enabling contactless payments using a smartphone. In this first phase of the launch, KuCard will be exclusively available to residents of the European Economic Area (EEA), while a global launch is on the roadmap, the exchange added.

NFT news

  • Art tokenization company announced the sale of Banksy’s Turf War – an iconic piece named after his first major exhibition in 2003, said the press release. The art piece shows a punk rock version of Winston Churchill, accessible for purchase as a fragment using tokenized digital asset technology. Pre-sale will take place on November 27 with a limited number of pieces priced at $60, including a 40% discount. The main sale will follow, with the remaining pieces available for $100. Per the website, there are 1,500 fragments available.  The tweet stated that the company is providing an opportunity for users to claim one of only 15 freemints and secure a spot on the exclusive whitelists for the Mint NFT masterpiece Turf War. “This NFT will grant you ownership of world-renowned masterpieces through NFTs,” it added.

Payments news

  • Web3 financial platform Uphold announced that its fiat-to-crypto on-ramp Topper added Apple Pay and Google Pay as payment options for users. Per the press release, this expansion facilitates faster and more convenient transactions across Topper’s selection of over 200 digital assets. The integration advantages include mainstream adoption, as Topper’s integration accesses a larger user base, inviting more to engage in cryptocurrency; enhanced Web3 experience, as familiar payment methods offer users a smoother transaction experience; and simplified payments, given that including well-known Web2 options eases crypto and lowers barriers to entry. The company said that “Web3 adoption faces hurdles like limited accessibility and user-unfriendly features. Topper’s adoption of Apple Pay and Google Pay eases these challenges, making it simpler for users to buy digital assets.”

Entertainment news

  • SCB 10X, the venture investment arm of SCBX Group, announced a collaboration with T-POP Incorporation. Per the press release, this collaboration unveils a T-POP metaverse concert featuring the Thai girl group 4EVE. “Collaborative learning opens up boundless possibilities for fans globally to immerse themselves in Thai pop culture through a revolutionary metaverse experience,” it said. In addition, over the past year, SCB 10X has developed the concept of SCB 10X Headquarters in The Sandbox metaverse. Enthusiasts can now explore four distinct zones: The Teahouse, Chinatown, Exponential Arena, and Arcade, it said.

Gaming news

  • BLOCKLORDS, a medieval MMO grand strategy game with a player-owned economy, unveiled its second trailer, Slay the Bear. Per the announcement, by building on-chain, BLOCKLORDS players have access to real-world, tangible liquidity due to the value they generate in-game – a vital component of Web3 – all while enjoying layered, strategic gameplay. This trailer is the second of three cinematic trailers produced in collaboration with the renowned animation studio Axis Studios, known for their work on blockbuster game trailers like Diablo II: Resurrected, Halo Infinite, and Destiny 2, as well as films such as A Man Named Otto. The trailer release sets the stage for BLOCKLORDS season one battle pass, ushering in a wider range of gameplay mechanics and exclusive rewards for players in this free-to-play PC game, currently available in the open beta phase on the Epic Games Store. During its soft launch, BLOCKLORDS registered over one million gameplay hours weekly and is gearing up to welcome more players ahead of season one, the announcement added.