Experts from the analytical resource Bankless note that against the backdrop of an increase in the value of assets in scaling services on Ethereum, Arbitrum and Optimism blockchains attracted the most fees. The Bankless report says that in the first quarter, the value of assets locked on second-tier blockchains or Ethereum-based scaling services increased by 964%, reaching $7.3 billion, up from $686.9 million in the first quarter of 2021. The authors of the report note

The US Department of Labor has expressed concerns about an initiative by US holding company Fidelity to include cryptocurrencies in US retirement accounts. Ali Khawar, Acting Assistant Secretary of the Employee Safety Authority (EBSA), told The Wall Street Journal that the agency does not know the implications of Fidelity’s initiative. The company announced on Tuesday that it will allow members of its 401(k) retirement savings program to invest up to 20% in bitcoin. After that,

The Belgian Financial Services and Markets Authority (FSMA) is introducing licensing for local companies that provide crypto-currency services to citizens. The Belgian regulator has announced that under the new rules, all local cryptocurrency trading platforms and custodial wallet operators are required to obtain a license to work with digital assets from May 1. The appeal states that the new regulation is being created to regulate the ever-growing crypto industry. According to the regulator, the registration

Fort Worth, Texas will launch a bitcoin mining pilot project using three Bitmain Antminer S9 ASIC miners. They were donated to the city administration by the Texas Blockchain Council. Fort Worth Mayor Mattie Parker told CNBC that the mining equipment will operate 24/7 in a safe manner. Parker estimates that each ASIC miner consumes the same amount of electricity as a regular vacuum cleaner. The mayor believes that the use of three miners will not

Fidelity Investments, a large American asset management firm, will allow its clients to invest part of the funds from retirement accounts in bitcoin. According to The Wall Street Journal and The New York Times, these are 401(k) retirement accounts – these are corporate savings retirement accounts. The funds are not taxed and are automatically transferred by the employer to the funds chosen by the employee. Fidelity will provide an opportunity to invest up to 20%

Vlad Tenev, CEO of stock and cryptocurrency trading platform Robinhood, said the firm is laying off 9% of its employees — roughly 350 people — as the company’s stock plunges. According to a blog post, this decision had to be made due to changing customer behavior. The company monitors how its clients invest in the face of global conflict, economic uncertainty and high inflation. According to TradingView, the company’s shares are down 38% in the

Singapore-based crypto exchange Bybit expands its range of services and products for institutional traders. Bybit has announced the admission of customers to trading cryptocurrency options. The innovation will allow users to trade options and perpetual assets in US dollars. The crypto exchange community has long demanded that options be added to the company’s product line. Investors, the exchange says, want to trade these products to hedge risk and give traders the opportunity to diversify their

Cybersecurity agency Peckshield reported that attackers flooded the Internet with phishing sites of the Stepn game project to steal the seed phrases of users’ wallets. Blockchain security experts at Peckshield have tweeted that scammers are creating pages that mimic a popular site. Experts explained that the attackers are placing a fake MetaMask plugin in the browser, with which they steal seed phrases from unsuspecting Stepn users. After stealing the seed phrase, hackers gain full control

On the official Instagram account of Bored Ape Yacht Club (BAYC) developers, unknown people posted information about the distribution of tokens and stole 91 NFTs worth $2.8 million from deceived users. The BAYC developers themselves tweeted about the incident. The fake Instagram announcement was about some kind of upgrade and giveaway of LAND tokens. To take part in the distribution, users had to connect their Metamask wallet. To lure customers, the attackers used the Bored

The Australian Prudential Regulatory Authority has outlined a strategy for developing regulations to oversee the digital asset industry and manage associated risks. Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres sent a letter to the entities regulated by the agency. The letter outlines the steps APRA intends to take to mitigate new risks associated with the industry’s rapid growth. APRA suggested that before providing services to companies operating in this sector, organizations conduct their due