Category Archives: Cryptocurrency News

China take steps to manage data security and curb speculation in the metaverses

The National People’s Congress has decided to introduce urgent measures to regulate the metaverse to manage data security and curb speculation as the industry develops. The tasks of introducing government supervision and regulation, managing data security, and curbing speculation in the metaverse were explored at the national level during the National People’s Congress in early March. The “Metaverses” have come under government scrutiny after telecommunications conglomerates Tencent, ByteDance, NetEase and Baidu have been active in…

Pantera and Polychain will invest $10 million in the high fashion industry for the metaverse

Space Runners has raised money to create a metaverse dedicated to the fashion industry. Startup Space Runners, created to develop the fashion industry in the metaverse, has raised $10 million in the first round of funding. The investment round was led by Pantera Capital and Polychain. Also participating in the round were Accel and Jump Crypto, as well as Animoca Brands Chairman Yat Siu and Twitch co-founder Justin Kahn. Space Runners made its name last…

Exploit Fix in Convex Finance Smart Contract Causes Mass Unlock of CVX Tokens

The Convex Finance team used a new smart contract to resolve the bug, resulting in the unlocking of millions of CVX tokens. The Convex Finance team warned users on Twitter on March 4 that it had reallocated the smart contracts responsible for the vote blocking management mechanism? after discovering a bug that would provide some users with disproportionate rewards. “There were no use cases [of the bug] prior to the deployment of the new vlCVX…

Adobe Behance will start supporting the Phantom wallet

The Behance designer platform will allow Solana blockchain users to showcase their NFTs. Popular among designers, social media platform Adobe Behance has announced that it will begin supporting the Phantom crypto wallet. The integration will allow Behance users to display non-fungible tokens created on the Solana blockchain in their profiles. Will Allen, VP of Product at Adobe, said in a tweet that the platform’s goal has always been to support creative people. With the help…

Ethermine mining pool stopped working with users from Russia and Belarus

Bitfly, which owns the Ethermine mining pool, has updated its user agreement, according to which the pool stops servicing Russian and Belarusian miners. As explained by Bitfly, the decision was made in compliance with the law on combating money laundering and combating illegal financial transactions. The prerequisite was a military special operation of Russian troops in eastern Ukraine. The restrictive measures of the Ethermine pool “are aimed at complying with the sanctions requirements of the…

BTC.com pool banned registration of new users from Russia

Since March 5, the BTC.com mining pool has suspended the provision of services to new users from Russia. The pool site is unavailable from Russian IP subnets, however, ASIC miners continue to work and payments have not been stopped. The BTC.com pool warned users about the suspension of services to citizens of the Russian Federation, as it previously blocked users from mainland China. At the same time, access to other BTC.com services is not limited…

SEC began to study the NFT market for illegal ICOs

The US Securities and Exchange Commission has begun investigating the activities of NFT issuers and collectible token trading platforms for violations of securities laws. According to Bloomberg, over the past months, law enforcement officials from the US Securities and Exchange Commission (SEC) have been sending NFT creators numerous requests for detailed information about token offerings. The main focus of the SEC is whether non-fungible tokens used to “secure” ownership of digital paintings and musical compositions,…

The Central Bank of Brazil has chosen nine partners to develop a digital real

The Central Bank of Brazil has selected nine projects to take part in the development of the Brazilian digital real and explore possible options for its use. According to the Central Bank of Brazil, as part of the Lift Challenge Real Digital pilot project, the regulator selected nine projects from initiatives submitted by 43 different companies. The Central Bank noted that proposals for the development of a state stablecoin came not only from Brazil, but…

Minority shareholders initiated an audit of ConsenSys

The management of the company ConsenSys AG (CAG), working on the development of the Ethereum ecosystem, was accused of financial irregularities. Former 35 CAG employees who own 50% of the shares have filed a request for an audit to investigate serious financial irregularities. A special review is conducted by law enforcement in accordance with the Swiss Code of Obligations and concerns transactions valued at billions of dollars in a deal code-named Project North Star. Shareholders…

Digital Currency Group will buy Grayscale shares for $250 million

Digital Currency Group will hold another round to buy back shares of its subsidiary Grayscale. The share buyback program is centered around the investment products Litecoin, Zcash and Horizon. Digital Currency Group (DCG) founder Barry Silbert revealed on Twitter that the $250 million share buyback program is centered around the Litecoin Trust, Horizon Trust, Zcash Trust and other Grayscale products. The previous year’s program was aimed at buying shares in Grayscale Bitcoin Trust – then…