Nike is diving deeper into the world of video games with the launch of a new line of virtual products: “Nike In-Game Wearables.”
Nike’s blockchain and digital devices division, known as. Swoosh, announced its deeper foray into the video game space next year. However, the extent of his future gaming activities is still unclear. Nor has it been confirmed if they will include NFTs.
In a blog post, Nike’s .Swoosh expressed its philosophy on the value of virtual products, highlighting that it should be based on enjoyment when expressing oneself or unlocking access to physical products. The brand emphasized the idea of the joy of collecting and being a true fan, beyond simply transacting.
Google Play Store Removes Binance and OKX Apps in India
Google’s Play Store in India removed crypto exchange apps Binance and OKX after the government issued a non-compliance notice against them. This action follows a similar decision made by Apple’s App Store in India in December 2023.
Even though Google Play Store blocked Binance and OKX apps. Both platforms are still available through their websites and work for existing users.
In response to the block, Binance South Asia posted on X that “existing app users will not be impacted. We will continue to work with regulators to resolve the situation and will share updates here. Rest assured that your funds are SAFU.”
African Developers Face Regulatory and Educational Barriers in the Web3 Era
In the vibrant world of blockchain and Web3 technology, African developers face significant challenges that hinder their progress. Jathin Jagannath, a committed advocate for the developers of Cartesi, a Web3 rollup protocol, has noted that regulatory uncertainty is one of the biggest hurdles in the African Web3 landscape.
According to a recent report by PricewaterhouseCoopers and Emurgo Africa on Web3 in Africa, blockchain financing on the continent saw a staggering 1,668% increase in 2022, with Kenya, Nigeria and South Africa leading Web3 adoption.
Taking a closer look at the educational challenges, Awosika Israel Ayodeji, Program Director at Web3bridge, highlighted the lack of education. As well as the accessibility of knowledge for African developers.
SEC Addresses X Account Hack
The Securities and Exchange Commission (SEC) issued a statement to address the recent security incident that resulted in a false announcement of approval of a Bitcoin ETF in the SEC’s X account. According to the statement, the agency is currently evaluating the impacts of this incident on the agency, investors and the market, without making explicit mention of multi-factor authentication.
In the statement, attributed to SEC Chairman Gary Gensler, it is mentioned that an unauthorized party gained access to the @SECGov account by taking control of the phone number associated with the account. This method is reminiscent of SIM swapping attacks, a common form of X account hijacking that can be prevented by implementing multi-factor authentication, a measure that Gensler had previously recommended in his posts.
Gensler expressed that Commission staff is working with law enforcement to investigate the incident further, and acknowledged that the effects include concerns about the security of the SEC’s social media accounts. The statement does not offer additional details about future measures the SEC could implement to strengthen the security of its online accounts.
The SEC is collaborating with law enforcement and security agencies on the investigation, including the U.S. Federal Bureau of Investigation and the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, among others.
By Audy Castaneda
