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Last week’s Hot Altcoin Events

Every week we bring you a short recap of last week’s hottest altcoin news to keep you up to date with the cryptocurrency industry. Here is a recap of last week. 

Samsung Files to Launch a Crypto Exchange in South Korea in 2023

Samsung Securities and six other South Korean Security companies, including Mirae Asset Securities, recently filed for approval to open cryptocurrency exchanges in the country next year. This decision was made after the favorable governmental change and the pro-crypto stand of the newly elected president Yoon Suk-Yeol. 

You can read more about this venture here

Ethereum Developer Released an updated Roadmap of The Merge.

As the date for The Merge approaches in which Ethereum will transition from a Proof of Work consensus algorithm to a Proof of Stake, the developers have released a roadmap for the event. Ethereum has been witnessing several changes, and there is more to come. Here is what you can look forward to. 

Binance pushes Adoption in the Philippines

Recently, Binance representatives participated in a hearing of the Philippine Senate Banking Committee devoted to fintech innovation and consumer protection, according to the report. Binance seems to be pushing adoption in the Philippines by forming an alliance and joining the government to share insights on cryptocurrency regulatory frameworks and financial inclusion for the country. 

Ton recently Conducted a Successful Auction for their Domain/Wallet. 

Recently, Ton conducted an auction for their domain and wallet addresses, prompting Telegram founder Pavel Durov to suggest using the same process to sell unique Telegram usernames as NFT-like Smart Contracts

“Imagine how successful Telegram with its 700 million users could be if we put reserved @ usernames, group and channel links for auction,” he said. 

Durov further suggested that Telegram could tap into similar technology to develop a new marketplace to sell and buy catch addresses such as @storm or @royal and all four-letter usernames. 

“This would create a new platform where username holders could transfer them to interested parties in protected deals — with ownership secured on the blockchain via NFT-like smart contracts.”

“Other elements of the Telegram ecosystem, including channels, stickers or emoji, could later also become part of this marketplace,” he added.

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