🎠 Uniswap is now the second-largest exchange trading Ethereum

🎠 Uniswap is now the second-largest exchange trading Ethereum 📎 Sony intends to use NFTs for in-game assets, according to a new patent 🚷 Leaked documents: EU contemplates banning privacy coins

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🎠 Uniswap is now the second-largest exchange trading Ethereum

📎 Sony intends to use NFTs for in-game assets, according to a new patent

🚷 Leaked documents: EU contemplates banning privacy coins

Uniswap is now the second-largest exchange trading Ethereum

In an unprecedented move, decentralized exchange Uniswap has overtaken Coinbase as the second-largest exchange trading Ethereum. This is a huge accomplishment, as centralized exchanges have always been the go-to choice for traders. However, in the wake of the latest news, traders are flocking to DEXs instead.

Uniswap founder Hayden Adams shared the news on Twitter today, citing analysis by Nansen CEO Alex Svanevik. Uniswap had hosted north of $1 billion in Ethereum trades in the last 24 hours, nearly double the volume of Coinbase.

Crypto DEXes across the board have been seeing a surge in trading activity lately. This is likely due to the recent implosion of FTX and growing distrust toward centralized exchanges. DEXes have a lot to offer, and users are finally starting to realize it. Nearly $20 billion worth of trading activity took place on DEXes in the last week alone.

This is a huge win for decentralized exchanges, and it’s likely only the beginning. As more users flock to DEXes, we can expect to see even more innovation and growth in this space.

Sony intends to use NFTs for in-game assets, according to a new patent

The world of gaming is about to get a lot more exciting, with Sony PlayStation’s new patent for using non-fungible tokens (NFTs) as in-game assets. This could mean a whole new level of immersion and interaction with games, as well as a way to track and trade unique digital assets.

Sony just filed a patent for using non-fungible tokens as in-game assets, which could change the gaming industry forever. Non-fungible tokens are digital assets that are unique and cannot be replaced. This means that each NFT is like a one-of-a-kind collectible, which can be traded or sold like any other asset.

Crypto gaming community reacted to the news with great excitement, as this could be a huge use case for blockchain technology. NFTs have already been used in some games before but if we're being honest, the games that have used them haven't been all that popular.

This news could change all of that, as Sony is one of the biggest names in gaming. If they start using NFTs in their games, it's very likely that other companies will follow suit. This would lead to a whole new era of gaming where players can trade and sell in-game assets for real money.

It's also interesting that Sony's rival, Microsoft (XBOX) isn't looking to get in on the action. It's possible that they're waiting to see how Sony's experiment goes before they make any moves but it's also possible that they just don't see the potential in NFTs.

Either way, this is a huge development for the world of gaming and it will be interesting to see how it plays out.

Leaked documents: EU contemplates banning privacy coins

Another heap of FUD is being thrown at the crypto community, as the European Union is rumored to be planning a ban on privacy coins. This comes as no surprise, as many lawmakers have been pushing for greater regulation in the space in order to crack down on money laundering. The recent news regarding the exchanges only added more fuel to the fire.

While it is true that on-chain surveillance is becoming more sophisticated, there is still a need for privacy coins. With all the data that is being collected, it is only a matter of time before someone's personal information is leaked. Privacy coins provide a layer of protection that is not available with other cryptocurrencies.

The EU is allegedly considering a ban on popular privacy coins, including Monero (XMR), Zcash (ZEC), Secret (SCRT), and Dash (DASH). If this proposal is enacted, it would have a major impact on the crypto community. Many people use privacy coins for legitimate reasons, and a ban would only push them into the hands of black market dealers.

It is still unclear if the EU will go through with this proposed ban, but it is something that the crypto community needs to be aware of. Let's just hope that reason prevails and privacy coins are not lumped in with the rest of the crypto assets that are being targeted by regulators.