The Ledger: Kanye to buy Parler, Nuri shutters

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Updated October 21, 2022 | Published October 21, 2022

2 mins read

The week was full of events, from Slotie being served a cease-and-desist order in four US states to Cloudbet’s access blocked in Australia.

This week of crypto saw some very good examples of how consumers can be protected even if companies are faced with cataclysmic events.

The latest example was set by Nuri, a troubled crypto company, which has told its 500,000 consumers that they need to withdraw their funds as the firm is shuttering operations.

Nuri is one of the few companies to have made sure that even when facing precipitous financial issues its customers are cared for.

Blockchain-based GameFi project Farcana announced that it will be using Epic Games’ Unreal Engine 5 to build a new generation of games to continue innovating gaming in the vertical.

Farcana, which is the name of the upcoming game to be launched in Q1 2023, will be available for mobile, desktop, and console systems and is an ambitious effort to bring blockchain gaming to mainstream consumers.

Slotegrator, a software supplier and aggregator, has been rapidly expanding to add more providers of provably fair games. Slotegrator has praised the advantages of such games, citing their fairness, transparency, and legitimacy as preferred options for players.

Kanye West made huge news this week, announcing his intentions to buy Parler, a social media platform that styles itself as a torchbearer of free speech.

Ye, who has been banned from Instagram and Twitter over controversial remarks, has decided to create his own social media space where people will be “free to speak up their mind”.

Interpol is continuing to strengthen its understanding of the cryptocurrency sector. This is why the international police agency is now adding a dedicated division that will operate out of Singapore and will recruit local talent in order to tackle digital crimes.

Gaming is getting very popular on the blockchain. Earlier this week, Canadian blockchain research and development firm ChainSafe managed to raise more than $18.75m in an oversubscribed Series A funding to support GameFi projects, which is the term that is used to describe blockchain gaming.

Binance has launched an ambitious cryptocurrency mining-lending pool that will give crypto mining companies access to up to $500m to help them set up their operations and boost capacity and efficiencies.

Turkish authorities managed to seize $40m worth of cryptocurrencies tied to an illegal gambling ring on Thursday.

Meanwhile, four states in the US targeted a metaverse casino, “Slotie” and ordered the company to stop operating in their jurisdictions as it was violating gambling laws.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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