ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace

Romania’s National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional NFTs marketplace and a decentralized Domain Name System. Both services will be built on the Elrond (EGLD) blockchain.

OpenSea announces migration to Seaport protocol

OpenSea, the most popular NFTs, announced that it was migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees and more user-friendly signature options. The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency.

Binance aims to become a super app with Splyt crypto partnership

The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. The partnership with the “super app enabler” will allow users to pay for taxi services and food deliveries with crypto using Binance Pay.

EU commissioner reiterates need for ‘regulating all crypto-assets’

Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, said the Celsius Network’s recent suspension of withdrawals, as well as the crash of Terra (originally LUNA, now LUNA Classic, or LUNC), show the need for crypto-asset regulation in the European Union.

Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery

Tokens of cloud blockchain infrastructure provider Chain.com (XCN) suddenly lost over 90% of their value before recovering most of their losses later in the day. The firm said that a market maker and API error at 1:00 pm SGT (5:00 am UCT) began to cause XCN to drop in large percentiles.