In case you missed out: top crypto and Web3 news for November 30 in brief

The world of cryptocurrencies and Web3 (and Web5 too, haha) is becoming increasingly centralized and monopolistic. At the same time, the acceptance and integration of cryptocurrencies and NFTs are growing, making life easier for users (and pleasing their wallets, which is unimportant too). In general, there are a lot of events that may be of interest to you. Here’s our traditional news roundup for today.

Huobi + Poloniex (now, it’s official)

Cryptocurrency exchange Huobi and Poloniex will form a “strategic partnership.” The announcement came a week after Huobi denied rumors of a merger between the two companies.

The exchanges will gradually cooperate in many business aspects, including the development of the Huobi Token (HT) ecosystem, project connectivity, liquidity distribution, and so on. The best projects on Poloniex will be considered for listing on Huobi. 

So, will the Huobi Token (HT) now take off even more, although there has been a negative trend in recent hours?

Crypto centralization in the EU grows stronger

It’s still at the rumor level, however, cryptocurrency and NFT providers will have to report transaction details of their EU customers to national tax authorities within the bloc. Such a bill is expected to be proposed by the European Commission next week, CoinDesk writes.

Thus, regulators want to control the tax flow.

Now you can trade NFTs on Uniswap

Uniswap has officially launched NFT transactions and integrated 7 NFT trading markets, including X2Y2, OpenSea, and LooksRare. The platform will also give about $5 million USDC to historical Genie users, and the first 22,000 buyers will get their gas fees back.

Big in Japan

Binance has acquired the regulated Japanese crypto exchange Sakura Exchange BitCoin (SEBC). Thus, Binance entered the Japanese market as an organization regulated by the national financial services agency. 

SEBC is a JFSA-registered crypto exchange that offers its customers consultation services in addition to its brokerage service. The Tokyo-based exchange currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY, and COT/JPY.

Web5 will become a trademark

Decentralization is getting kind of weird. A subsidiary of Dorsey’s Block, Twitter founder Jack Dorsey, wants to trademark Web5 to keep the term from being misused. TBD justified this by noting that the term “Web5” applies to products and services that are diametrically opposed to the Web5 principles, it outlines.

Registering as ™, according to TBD, ensures that “Web5” will only be used to refer to a truly open, decentralized layer of the new internet.

This word combines Web2 and Web3 and will serve as a “public tool for good.”