After the collapse of the Terra ecosystem, projects based on this blockchain are forced to migrate to other networks. One of the most popular directions was the Polygon solution. Currently, 48 decentralized finance (DeFi) projects and blockchain games are migrating to the Polygon network. This was written by the CEO of Polygon Studios Ryan Wyatt (Ryan Wyatt). “It’s been great to help and welcome all these great developers into our ecosystem. We are flourishing! Welcome!”

Playboy will open a virtual mansion in The Sandbox metaverse with themed entertainment based on the company’s history. Men’s magazine Playboy is teaming up with metaverse platform The Sandbox to build a metaverse digital counterpart of the MetaMansion party mansion. The magazine plans to change its development strategy, relying on new trends, such as, for example, Web3. Inside the digital mansion, mini-games, collaborative social activities, organized events, and regular digital releases are promised. The theme

The US authorities called on the Japan Financial Services Agency to restrict the activities of national cryptocurrency exchanges and mining companies that continue to work with Russia. The US request came to the Japan Financial Services Agency (FSA) following changes to the Foreign Exchange and Foreign Trade Law. Amendments to the legislative act are aimed at strengthening the powers of the country’s regulatory authorities to limit the flow of digital currency. US diplomats said that

Members of the Legislative Council of the Special Administrative Region of China have been presented with a new bill aimed at combating money laundering and the financing of terrorism. The authors of the bill propose to introduce licensing of virtual asset service providers (VASP) and registration of dealers in precious metals and stones (DPMS). If the bill passes, Hong Kong companies operating in these two sectors will be required to comply with regulations aimed at

The Investment Association, a trading organization representing British investment managers, is lobbying to launch funds traded on the blockchain with digital tokens instead of traditional stocks. The Investment Association, a trading organization representing British investment managers, is lobbying for the launch of blockchain-traded funds with digital tokens instead of traditional securities. Members of the association propose to the British authorities and financial regulators to approve the formation of a working group to study methods for

The Infrawatch PH Public Policy Center has sent a letter to the Philippine Department of Trade and Industry asking them to initiate an investigation into the illegal marketing campaigns of the Binance crypto exchange. According to Terry Ridon, coordinator of the Infrawatch PH public policy think tank, advertisements for the Binance cryptocurrency exchange aimed at local consumers regularly appear on various social networks in the Philippines. Thus, Ridon said, the exchange is ignoring local regulations

The People’s Court of China has ruled that stablecoins such as USDT cannot be used by employers for wages and any rewards. Despite the fact that all types of cryptocurrency transactions are illegal in China, some national companies still use virtual currencies to pay their employees. The reason for the legal proceedings was the appeal of an employee of the blockchain company, who accused his employer of refusing to pay wages in fiat yuan. According

The Belgian Financial Services and Markets Authority believes that issuers are required to know when cryptoassets are considered securities. Despite the fact that the law on cryptocurrencies in the EU is not yet in force. The FSMA has announced that digital assets that are limited in supply or can be traded for profit can be considered securities. Representatives of the regulator state that the European Union is now finalizing the Crypto Asset Markets Regulation (MiCA),

South Korean electronics giant Samsung is finishing testing and starting test production of 3nm chips. The new chips are compatible with ASICs designed for ASIC miners. The technological novelty from Samsung is designed to solve a number of critical problems associated with bitcoin mining, for example, it will reduce power consumption by 30%. In addition, the use of new chips can increase the mining speed by about 15%, as well as increase the density of

Former stockbroker Jordan Belfort believes that investing in bitcoin in the long run can protect investors’ funds from inflation. Previously, Jordan Belfort was convicted of fraud related to the securities market. His memoir inspired director Martin Scorsese to create the famous film The Wolf of Wall Street. In a recent interview, Belfort recommended that investors buy bitcoin not for short-term market manipulation, but for long-term storage. According to him, there will come a time when