This measure is accompanied by a proposed ban on advertising unlicensed crypto services. The Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) of Russia presented their review notes on the upcoming "cryptocurrency bill" developed by the country's Ministry of Finance. Law enforcement agencies insist on the possibility of requiring crypto firms to provide...
A new DappRadar report provides a wealth of information on the performance of cryptocurrencies and the Web3 sector during the first quarter of 2022. A quantitative analytics report published by DappRadar presented a number of indicative behavioral market indicators regarding the global adoption of digital assets. Blockchain data reflects positive sentiment towards the Web3 and Metaverse sectors,...
Bilibili, a video streaming platform popular with Chinese Gen Z, on Thursday announced the release of a batch of Ethereum-based non-fungible tokens (NFTs) for sale abroad. NFTs will be a series of auto-generated characters with different characteristics such as faces, clothing, skin tone, headgear, and objects the characters are holding. CryptoNatty, an NFT marketplace, has been authorized...
Ethereum network revenue from gas fees was $2.4 billion in Q1 2022, down 44% from $4.34 billion in Q4 2021, while 87% of revenue, or ETH tokens worth about US$2.1 billion were burned. Ethereum is the most widely used smart contract blockchain in the world, and in 2021 it has experienced a sharp rise in gas...
Goldman Sachs Group Inc. has offered its first bitcoin-backed loan, setting another milestone in Wall Street's adoption of cryptocurrency, Bloomberg reported Friday. The collateral for the Bitcoin cash loan was owned by the borrower, according to a Bloomberg report. The banking giant is joining crypto-friendly banks, such as Silvergate Capital Corp., which are offering USD-denominated loans...
On Thursday, a multi-blockchain DeFi protocol called Deus Finance DAO was exploited using instant credit. The hacker took approximately $13.4 million. According to the network, an unknown attacker carried out an exploit using flash credit at around 2:40 am UTC. Instant loans are loans taken with the requirement that the borrowed amount be repaid in the...
The Hong Kong Financial Authority says it is concerned about the growing popularity of stablecoins and invites the public to comment on the pros and cons of e-HKD. The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a recently published discussion paper on its retail central bank digital...
Argent, a London-based startup looking to build a DeFi super app, has raised $40 million in a Series B round. The investment was led by Metaplanet, an investment company owned by Fabric Ventures and Skype co-founder Jaan Tallinn . The round also included existing investors Paradigm, Index Ventures and Creandum, as well as new strategic backers Starkware, Jump...
The Seoul Central District Prosecutor's Office has charged the head of a local cryptocurrency investment company and an active-duty military officer with violating the National Security Law by leaking military secrets to a North Korean hacker in exchange for bitcoin and cryptocurrencies, according to the prosecutor's released investment report. A military officer photographed and leaked military...
The Cyber Bureau of the Seoul Metropolitan Police Agency has arrested a 26-year-old man on suspicion of scamming nine investors worth 210 million won ($165,798) in connection with the sale of non-fungible tokens (NFTs) of a character named CatSle. Since last November, an unnamed suspect has registered 10,000 CatSle NFTs on the OpenSea NFT marketplace, according...
