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Tron (TRX) Partners with SkyPeople, Popular Korean Studio, to Launch New Blockchain Game

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The popular South Korean game producer SkyPeople has recently launched its Final Blade mobile RPG which has become immensely popular in Korea and Taiwan. Now the game studio has signed a Memo of Understanding with Tron to launch another game together

SkyPeople released their mobile game Final Blade last month and it immediately went to the top of charts both in Korea and Taiwan. Now, Tron has revealed that the CEO of SkyPeople, Derek Park, has recently signed a Memo of Understanding (MoU) with the Tron Foundation to build a game on the Tron blockchain.

Tron keeps expanding into the game industry

The MoU between Derek Park and Justin Sun was officially signed at the start of April. Now, Tron and SkyPeople have launched another game, Dragon Castle, on Tron.

Justin Sun believes that apart from other benefits, Tron will be able to get the vast number of users of SkyPeople and enlarge Tron’s userbase. This should create additional use cases for the Tron open ledger and TRX in particular, maybe even BitTorrent (BTT).

As per the SkyPeople CEO:

“This MOU is the result of both companies envisioning the activation of the TRON network and community through SkyPeople’s game and blockchain development. With a long-term partnership that produces visible outcomes, we are going to prove the viability of a new gaming market.”

Justin Sun and Park have met several times for major discussions regarding the potential blockchain can bring into the game industry and how it can transform the latter.

Dragon Castle

SkyPeople now has moved its blockchain game Dragon Castle to Tron. This game has its own token (DC), which will be actively used later in the game’s community.

Tron bets on blockchain games

Last year, Tron began to offer collaboration to game makers and dapp developers, having set up a special fund to finance anyone from those spheres who chooses Tron as a platform for their work. Justin Sun welcomed dapp producers from such platforms as Ethereum and EOS to join Tron on beneficial terms.

Several major game makers joined Tron last year and keep doing it in 2019. Previously, Ethereum World News reported that a blockchain company BitGuild had left Ethereum to start building on the Tron’s ledger.

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Southeast Asia’s Largest Bank DBS to Launch Crypto Trading for Retail Investors

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DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital assets a lot more convenient.”

DBS Bank to Offer Crypto Trading to Retail Customers

DBS, the largest bank in Southeast Asia by assets, is planning to launch cryptocurrency trading services for retail clients this year.

During the bank’s fourth-quarter earnings call Monday, CEO Piyush Gupta was asked whether DBS has any plans to expand its digital asset exchange and if there is a roadmap for rolling out digital asset trading for retail investors given the growth in that market.

Gupta replied:

What we will focus on in the first half, the first two quarters, of this year is to make the access to digital assets a lot more convenient.

He detailed: “Today, what happens is that you’ve got 24/7, but the customers still need to call and speak to bankers. So the first order is to make it all online, make it self-service, make it instant, and make sure the internal processes are robust to be able to support that.”

The DBS boss revealed: “At the same time, we’ve started doing the work on seeing how we can, in a sensible way, take it out and expand it beyond the accredited investor base. And that includes making sure we have the appropriate thinking about suitability, potential for fraud, etc.”

The DBS CEO continued:

Nevertheless, by the time we nail all of these things down, I think you are looking more like the end of the year before we can actually bring something to market.

DBS Bank launched a cryptocurrency exchange in December 2020. The bank then launched a trust service of cryptocurrencies in May last year, followed by the launch of its first security token offering.

The bank’s brokerage arm has also obtained approval from the Monetary Authority of Singapore (MAS), the country’s central bank, to provide crypto services.

What do you think about DBS launching crypto trading for retail investors? Let us know in the comments section below.

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St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges

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Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest rate in March and St. Louis Fed president James Bullard believes the Fed needs to “front-load” rate hikes.

St. Louis Fed President on Inflation: ‘People Are Unhappy, Consumer Confidence Is Declining’

Last week, the U.S. Labor Department published its Consumer Price Index (CPI) report which noted inflation jumped 7.5% higher than it was a year ago. Following the report, Moody’s Analytics notes that the average U.S. household is likely paying $250 to $276 a month due to the added inflation. As the days continue in 2022, the U.S. dollar’s purchasing power has decreased and the price of goods and services has increased.

Moody’s senior economist Ryan Sweet explained that a lot of Americans are feeling the burden of inflationary pressures. “A lot of people are hurting because of high inflation,” Sweet said. “$250 a month—that’s a big burden. It really hammers home the point of ‘what is the cost of inflation?’”

The chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, James Bullard, made similar remarks on Monday. “The inflation that we’re seeing is very bad for low- and moderate-income households,” Bullard told CNBC. “People are unhappy, consumer confidence is declining. This is not a good situation. We have to reassure people that we’re going to defend our inflation target and we’re going to get back to 2%.”

Bullard also spoke about the Labor Department’s January CPI report published last week. “My interpretation was not so much that report alone, but the last four reports taken in tandem have indicated that inflation is broadening and possibly accelerating in the U.S. economy,” Bullard stressed. During the CNBC “Squawk Box” interview, the president of the Federal Reserve Bank of St. Louis added:

I do think we need to front-load more of our planned removal of accommodation than we would have previously. We’ve been surprised by the upside on inflation. This is a lot of inflation. Our credibility is on the line here and we do have to react to the data. However, I do think we can do it in a way that’s organized and not disruptive to markets.

San Francisco Fed President: ‘Fed’s Abrupt and Aggressive Action Can Actually Have a Destabilizing Effect’

Equities markets have felt the sting of a souring U.S. economy as Nasdaq, NYSE, and the Dow Jones Industrial Average all closed in red territories on Monday. Data shows bond markets have also signaled that investors are concerned about the Fed’s decision.

The president of the Federal Reserve Bank of San Francisco, Mary C. Daly, spoke about the Fed acting on inflation as well, but stressed to CBS’s “Face the Nation” that it needed to be a “measured [approach].”

“I see that it is obvious that we need to pull some of the accommodation out of the economy,” Daly explained. “But history tells us with Fed policy that abrupt and aggressive action can actually have a destabilizing effect on the very growth and price stability we’re trying to achieve.”

What do you think about Moody’s data on inflation? What do you think about the comments stemming from the two Fed presidents Bullard and Daly? Let us know what you think about this subject in the comments section below.

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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