GameStop enters the NFT space; to allow customers to buy, sell, trade

Video game retailer GameStop is entering the non-fungible token (NFT) space. The company has hired more than 20 people as part of a new unit that will focus solely on building the NFT platform. GameStop’s NFT platform will allow customers to buy, sell and trade NFTs of video game items, including clothes, weapons, and characteristics of the various player avatars.

Crypto prices today: Bitcoin at $41,900, Ethereum up 1.5%

Bitcoin is currently trading at $41,900, a 0.7% increase over the previous day. Ethereum rose 1.5% over the last 24 hours to $3,154. Solana has surged 2.5% to $142, while Cardano is up 0.64% to $1.17. The global crypto market cap stands at $1.96T, a 0.72% increase over the previous day. 

Pakistan’s FIA sends notice to Binance in alleged $100-million scam

Pakistan’s Federal Investigation Agency (FIA) has issued a notice to the world’s largest cryptocurrency trading platform Binance in connection to an alleged crypto scam worth nearly $100 million in the country. “The FIA Cyber Crime Sindh’s action on 11 online investment apps integrated with @binance. The apps defrauded Pakistanis with about $100 million. A letter has been sent to Binance as well as notice to GM Binance Pakistan,” Imran Riaz, Head of Cyber Crime Zone, Sindh, FIA tweeted on Friday. 

Hardware failure behind Arbitrum’s second outage in five months

Ethereum Layer-2 network Arbitrum suffered a seven-hour outage, preventing transactions from being completed. This is Arbitrum’s second outage in five months but is currently back online. The cause of the downtime was pinpointed as a sequencer (hardware component) outage. 

BUX launches crypto trading services on zero-commission platform

Dutch online brokerage BUX announced that it has enabled cryptocurrency investment for the clients of its flagship platform, BUX Zero. The platform will allow investors access to more than 20 cryptocurrency markets, including Bitcoin, Ethereum, and Litecoin. The zero-commission service will be initially available only to clients in 4 countries: The Netherlands, Belgium, Spain, and Ireland.