Three Predictions for Crypto Regulations in 2022
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TreasureDAO engineer alleged to have past involvement in questionable NFT projects
Twitter sleuth Zachxbt’s investigation raises greater questions in the blockchain community about how important developers’ past histories are in their current roles. On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According…
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Security firms seek to make it more difficult for scammers to get away with DeFi project hacks
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices. The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance,…
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Indian Advertising Watchdog Releases New Guidelines For Crypto Ads
The Advertising Standards Council of India (ASCI) has released new guidelines for advertising virtual digital assets and related services in a bid to introduce industry standards. The council said in a statement that the guidelines were developed following extensive consultation with relevant stakeholders, including the Indian government. The rules are applicable to all virtual…
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Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies.
Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan
Local departments of the Committee for Atomic and Energy…
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FTX Launches Gaming Unit to Offer Crypto Services to Other Companies
FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, acting as a middleman. This means that the exchange will support other companies launching tokens and offering NFTs via its platform.
FTX…
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First Syndicated Loan for Alameda Research Surpasses USD 100M
Maple Finance, an institutional capital marketplace focused on crypto, has issued its first syndicated loan in excess of USD 100m to Alameda Research, a quantitative trading firm and parent company of crypto derivatives exchange FTX. According to an announcement from Maple Finance, the loan to Alameda was made possible after the crypto lending and…
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Who really created the Coinbase Superbowl ads? Armstrong called out on Twitter
“No ad agency would have done this ad,” claimed CEO Brian Armstrong. Except… an ad agency alleges it did pitch this concept to Coinbase. The Coinbase ad, which aired during the Superbowl last week, appears to be causing quite a stir on social media in light of new information on its origins. When scanned, the 60-second…
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Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia…
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Russian Social Media Network Vkontakte to Introduce NFT Support
Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection.
Vkontakte to Facilitate Use of Non-Fungible Tokens
The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology…
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