Foblgate Strengthens Anti-Cybercrime Measures with Chainalysis Solutions

Wemade and Mystic Games to bring two new games to WEMIX PLAYWemade has signed a deal with game development studio Mystic Games to onboard Mystic Games’ two new blockchain role-playing games (RPG), Call of the VoYd and Heroes of the VoYd, to WEMIX PLAY, Wemade’s blockchain gaming platform, according to an official announcement by WEMIX on Tuesday. Mystic Games is a subsidiary of the Swedish gaming company App Creation Experts and the first Swedish firm to onboard WEMIX PLAY.Photo by Priscilla Du Preez 🇨🇦 on UnsplashForging a future of versatile gaming experiencesMystic Games plans to implement inter-game play mechanisms between the two games, meaning that tokens and NFTs from both games can be used interchangeably.“We believe in a future where your time and skill in gaming can be just as valuable as your time spent working and with other hobbies,” said Matthew Buxton, CEO of Mystic Games. “We look forward to a bright future together.”This collaboration signifies WEMADE’s foray into the Swedish gaming market and aims to bring innovative and fun blockchain gaming experiences through Mystic Games’ titles on the WEMIX PLAY platform.Engaging adventuresCall of the VoYd is an active roguelite survival shooting game that involves battling various characters from beasts of ancient worlds to futuristic monster robots. Heroes of the VoYd offers a similar experience where players can battle monsters, but it mainly differs in its idle gameplay.

South Korean blockchain research firm Four Pillars has secured KRW 700 million (approximately $527,000) in investment funds from Kakao Ventures, Hashed and Bass Investment, according to South Korean news site Coin Readers on Tuesday.Photo by Precondo CA on UnsplashEmpowering blockchain venturesLed by a team of industry experts, Four Pillars is dedicated to supporting companies that aim to develop blockchain projects and successfully bring their business to the market. It conducts research based on its technological expertise and experience in blockchain collaborations, providing customized solutions based on each client’s circumstances. It aims to save time and money for companies looking to enter the blockchain market by providing comprehensive and relevant insights on cryptocurrency basics, the blockchain industry, regulations and market analyses, rather than simply listing information. Rapid growth and strategic partnershipsSince its establishment last year, the research platform has attracted more than 30,000 visitors per month on average in just two months. The company has also signed an agreement with Japanese publishing agency Gentosha to publish a Japanese version of its content. Other partners include the layer 1 blockchain Sei Network, Web3 gaming platform Iskra, tech juggernaut LINE’s blockchain Finschia, and Korean telecommunications provider SKT's digital T Wallet.  Before securing the recent investment, the Four Pillars team was recognized for collaborating with various developers on global blockchain projects and receiving a research sponsorship from the dYdX Foundation, a decentralized protocol operator known for being highly selective when offering sponsorships. "The core members of Four Pillars, including CEO Kim Nam-woong, are among the few people in the Korean crypto scene who can bring unique insights to research," said Brian Jang, Director at Kakao Ventures. "Based on their unrivaled research capabilities, we expect them to grow rapidly while connecting domestic and international protocols and corporate needs to business outcomes." Bridging markets, breaking barriersAs trends in the global blockchain market change at a rapid pace, the importance of high-quality, relevant research is amplified, even more so than in the era of Web2. However, information tends to be scattered across platforms, making it overwhelmingly difficult for companies to utilize it in their business endeavors. This is also one of the key reasons why overseas companies have a hard time navigating their entry into the Korean market with their limited knowledge of market trends or conditions. The same can be said for Korean companies who want to launch their businesses overseas. By bridging Korean and overseas companies and projects, Four Pillars aims to resolve this widespread information asymmetry in the ever-growing blockchain industry and establish its foothold as a global research firm. This is reminiscent of Delphi Digital, a U.S.-based crypto research firm founded in 2018 that quickly expanded and established a global Web3 accelerator service called Delphi Labs.  The Four Pillars team also aims to dedicate the investment funds towards accelerating its efforts in talent acquisition, product development and continued research. In the future, the company plans to boost diverse blockchain projects and contribute to the participation of various stakeholders in the blockchain ecosystem.  "Our priority and goal is to create a developer-friendly environment by leveraging the high-quality research and products that we provide at Four Pillars," the firm’s CEO said. "We will lower the barriers to entry for blockchain and grow the entire Web3 market by making it more suitable for both users and developers."

Foblgate adds Bithumb Burrito Wallet as newest registrable external walletSouth Korean cryptocurrency exchange Foblgate announced on Tuesday (local time) that it now allows users to register Bithumb Burrito Wallet — a Web3 digital wallet operated by Bithumb subsidiary Rotonda — as one of the external wallets that can be used for managing and trading crypto assets on their Foblgate account.Photo by Shubham’s Web3 on UnsplashRegulatory requirementsIn accordance with the Travel Rule under the Act on Reporting and Using Specified Financial Transaction Information, any given user who wants to transfer cryptocurrencies worth more than KRW 1 million (approximately $775) via a personal wallet must register that wallet beforehand. The Travel Rule refers to the Financial Action Task Force’s (FATF) Recommendation #16, which outlines that VASPs must share certain personal information about customers — including names and account numbers — when facilitating crypto transactions that exceed a certain amount. This is aimed at preventing money laundering and other illicit activities.Broadening external wallet supportFoblgate currently supports a number of other external wallets including MetaMask, Blockchain.com, MyEtherWallet and Klip. With the addition of Burrito Wallet, users now have a wider range of options for storing and trading their assets.“We will continue to support external wallets to enhance user convenience,” said Foblgate CEO Ahn Hyun-joon. “We vow to continue our efforts to meet the various needs of our users and provide a safe and convenient environment for carrying out transactions.”The exchange has published a guide for how to register and authenticate external wallets — including Burrito Wallet — on its official website.