Category: Top Crypto News

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Blockchain.com Hits $14B Valuation in Latest Funding Round – Top Crypto News

Blockchain.com hits $14B valuation in latest funding round: Report

As per a Bloomberg report, crypto exchange Blockchain.com reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners. The UK-based company raised $300 million in March last year at a valuation of $5.2 billion. The exchange currently has 37 million verified users, and one-third of Bitcoin network transactions are conducted through it.

Crypto prices today: Bitcoin down 0.6%, ETH down 0.2%

Bitcoin is currently trading at $47,114.3, a 0.65% decline over the previous day. Ethereum is down 0.22% over the last 24 hours to $3,398.7. Solana jumped 8.7% to $122.53, while Cardano is trading higher by 0.6% at $1.21. Meanwhile, Avalanche (AVAX) rose 5.23% to $98.69. The global crypto market cap stands at $2.16 trillion, a 0.53% increase over the previous day.

Crypto assets to be taxed in India from April 1

The taxation of Virtual digital assets (VDAs) or “crypto tax” proposed in the Union Budget 2022-23 will be implemented from April 1. A 30% income tax plus cess and surcharges will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions. There is also a 1% TDS on payments towards VDAs beyond Rs 10,000 in a year and taxation of such gifts in the hands of the recipient. 

Samsung partners with Nifty Gateway to create Smart TV NFT Platform

Samsung and Nifty Gateway have partnered to create an NFT platform for the tech giant’s smart TVs. Users will be able to view, buy, trade, and display NFTs via the smart TV interface. It taps into Nifty Gateway’s custodial wallet system, in which the platform secures users’ collectibles rather than requiring them to hold them in an external wallet.

Lionel Messi signs multi-year deal to promote ‘fan token’ firm Socios

Lionel Messi has signed a deal reportedly worth $20 million to promote fan token platform Socios on the world’s stage. The deal was made in fiat rather than cryptocurrencies. As a brand ambassador, Messi will participate in several promotional and educational campaigns. The first campaign’s tagline is “be more” and will be used to onboard users to the Socios platform.

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Blockchain Firm Ronin Hit by $615M Crypto Heist – Top Crypto News

Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration/file photo

Blockchain firm Ronin hit by $615 million crypto heist

Blockchain company Ronin said hackers stole crypto worth almost $615 million from its systems. It is considered one of the largest cryptocurrency heists on record. On March 23, unidentified hackers stole nearly 173,600 ether tokens and 25.5 million USD Coin tokens. The hacker had used stolen private keys (the passwords needed to access crypto funds) to make off with the funds.

Crypto prices today: Bitcoin down 0.3%, ETH up 0.2%

Bitcoin is currently trading at $47,289.7, a 0.3% decline over the previous day. Ethereum is up 0.16% over the last 24 hours to $3,399.31. Solana rose 1.6% to $111.78, while Cardano is trading lower by 1.5% at $1.19. Meanwhile, Terra (LUNA) rose 2.4% to $105.97. The global crypto market cap stands at $2.14 trillion, a 0.05% decline over the previous day.

Web browser Opera adds support for Bitcoin, Polygon, Solana

Opera, a popular web browser, is adding support for eight new blockchain networks to ease access to decentralized apps (dApps) and services. These include well-known projects like Bitcoin, Solana, Polygon, Nervos, StarkEx, etc. Earlier this year, Opera rolled out the public beta version of its new Crypto Browser Project for mobile and desktop devices.

OpenSea to start listing Solana NFTs in April

Leading NFT marketplace OpenSea has confirmed that it will indeed add support for NFTs minted on the Solana blockchain in April. Solana is the second-largest NFT ecosystem behind Ethereum, with an estimated market cap of $1.5 billion across its collections.

UAE firm BitOasis gets provisional approval from Dubai’s new crypto regulator

Crypto exchange BitOasis has received provisional approval from Dubai’s new crypto regulator. The move comes on the back of the UAE’s push to become a centre for the virtual asset sector. BitOasis will continue operations in Dubai while it applies for a full Virtual Asset Regulatory Authority (VARA) license.

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Crypto Transactions Involving Indian, Foreign Exchanges May Attract GST – Top Crypto News

Crypto transactions involving Indian, foreign exchanges may attract GST

As per reports, transactions involving Indian exchanges and those outside the country could come under the tax authority’s lens. The tax department is scrutinizing how exchanges that allow trading in India manage their crypto float. [Crypto float is the total number of outstanding cryptos available for trading on public markets.] They are also checking whether there is any element or transaction where Goods and Services Tax (GST) could apply. You can read more about it here.

Crypto prices today: Bitcoin rises 1.2%, ETH up 2.5%

Bitcoin is currently trading at $47,523, a 1.22% increase over the previous day. Ethereum is up 2.51% over the last 24 hours to $3,404.33. Solana rose 1.6% to $110.72, while Cardano is trading higher by 2.7% at $1.22. Meanwhile, Terra (LUNA) jumped 8.8% to $103.61. The global crypto market cap stands at $2.15 trillion, a 1.3% increase over the previous day.

UAE crypto push sees Bybit, Crypto.com announce Dubai offices

Crypto exchange Bybit will open its global headquarters in Dubai. It has received in-principle approval to conduct a full spectrum of virtual assets business in the city. Meanwhile, Crypto.com also said it would establish a regional hub in Dubai. The UAE has been pushing to develop the virtual asset sector and regulations to attract new forms of business. Recently, Dubai issued its first law governing virtual assets. It formed the Virtual Asset Regulatory Authority (VARA) to oversee the sector. 

Miss Universe fans to soon get partial ownership of crown via NFTs

Beauty pageant fans can now own part of the Miss Universe crown, currently with Harnaaz Sandhu of India. International luxury jewelry house Mouawad has tied up with Icecap (a developer of NFTs for investment-grade diamonds) to offer fractionalized ownership of the crown via NFTs. The unique icon will be offered via NFT technology to fans of the pageant.

Biden eyes $5B in 2023 revenue from applying new tax reporting rules to crypto

US President Joe Biden has submitted his budget proposal for the 2023 financial year, along with the U.S. Treasury Department’s revenue explanations. By the administration’s estimate, the U.S. can gather roughly $11 billion in revenue over 10 years (and ~$5 billion in FY23 alone) by “modernizing rules” to apply certain financial accounting and reporting practices to digital assets.

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Ethereum Upgrade To Cut Energy Use By Over 99% – Top Crypto News

Ethereum upgrade to cut energy use by over 99%

Ethereum will soon see a much-anticipated upgrade that could result in more institutional investors investing in the network. The goal is to make Ethereum more scalable, safe, and sustainable.  It would make its crypto (Ether) mining obsolete and decrease the enormous amount of energy necessary to create new currencies. As per reports, this upgrade can cut energy consumption by at least 99.95%.

Crypto prices today: Bitcoin, ETH jumps 5%

Bitcoin is currently trading at $46,967.71, a 5% increase over the previous day. Ethereum is up 5.2% over the last 24 hours to $3,317.42. Solana rose 6.29% to $108.76, while Cardano is trading higher by 3.4% at $1.18. Meanwhile, Polkadot (DOT) jumped 8% to $22.81. The global crypto market cap stands at $2.12 trillion, a 4.73% increase over the previous day.

African Digital Art Network launches Nandi NFT marketplace on Celo

African Digital Art Network, a global collective of Black digital artists, is taking its first steps into Web3 by launching the NFT marketplace Nandi. The new platform allows Black artists and creators to showcase their talent. It is also a place where they can experience the financial benefits of Web3 across the African diaspora.

Crypto for Ukraine provides a flow of war-related assistance

People around the world have donated millions of dollars directly to Ukraine’s war effort via cryptos such as Bitcoin. The Ukrainian government says it has taken in almost $67 million of its $200 million target as of Saturday (March 26). The country has spent ~$34 million of the funds received as of last week. It has converted about 80% to traditional currencies and used the remainder with merchants that already accept crypto.

Govt recovered Rs 95.86 crore from 11 crypto exchanges for GST evasion

The Centre has recovered a total of Rs 95.86 crore, including interest and penalty, from 11 crypto exchanges for evading Goods and Services Tax (GST). The biggest evasion was detected at Zanmai Labs Pvt. Ltd, which operates under the brand WazirX. The quantum of evasion was Rs 40.51 crore. Coin DCX came second on the list with evasion of Rs 15.70 crore.

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FinMin Seeks to Tighten Norms for Crypto Taxation – Top Crypto News

Finanace Ministry seeks to tighten norms for crypto taxation

The Govt has proposed to tighten norms for crypto taxation by disallowing the set-off of losses with any gains from digital assets (crypto, NFT, etc). As per the amendments to the Finance Bill, 2022, the Finance Ministry proposes to remove the word ‘other’ from the section relating to set off of losses from gains in virtual digital assets. From April 1, a 30% income tax plus cess and surcharges will be levied on all crypto transactions. It will be levied in the same manner as it treats winnings from horse races or other speculative transactions.

Crypto prices today: Bitcoin up 2%, ETH rises 2.8%

Bitcoin is currently trading at $44,117.32, a 2.1% increase over the previous day. Ethereum is up 2.8% over the last 24 hours to $3,141.12. Solana surged 7% to $103.74, while Cardano is trading higher by 3.8% at $1.15. Polygon (MATIC) rose 3.6% to $1.64. The global crypto market cap stands at $2 trillion, a 1.94% increase over the previous day.

Bank of England lays out first regulatory approach to crypto

The Bank of England (BoE) has begun sketching out the UK’s first regulatory framework for crypto assets. BoE said the rapid growth of cryptos could pose risks to financial stability in the future if left unregulated. Crypto-assets have come under the regulatory spotlight amid concerns they could be used to bypass financial sanctions imposed on Russia since its invasion of Ukraine.

Solana price gains 10% as gaming adoption accelerates

Solana jumped ~10% in 24 hours, moving from about $96 to $103 at one point today. The move comes shortly after Krafton announced it is partnering with Solana Labs to develop blockchain games on the network. Krafton is the publisher of the popular battle royale game PUBG. Earlier this week, Web3 gaming startup Block Tackle said it is developing a Solana NFT skateboarding game.

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Meta Files Trademarks for Crypto Tokens, Wallets – Top Crypto News

Meta files trademarks for crypto tokens, wallets, exchanges

Meta (formerly Facebook) has filed eight trademark applications for its logo to cover a wide range of digital purposes, including crypto tokens, wallets, and exchanges. Among the 8 trademark filings, six exclusively refer to crypto and blockchain-based technologies. Meta recently announced it’s looking to integrate NFTs on Instagram.

Crypto prices today: Bitcoin up 2.5%, ETH rises 3.4%

Bitcoin is currently trading at $43,122.5, a 2.5% increase over the previous day. Ethereum is up 3.4% over the last 24 hours to $3,054.32. Solana surged 6.3% to $97.11, while Cardano is trading higher by 14% at $1.10. Dogecoin (DOGE) jumped 11.6% to $0.136. The global crypto market cap stands at $1.96 trillion, a 2.77% increase over the previous day.

Fed’s Powell again raises alarms over ‘financial stability’ of cryptos

Federal Reserve Chairman Jerome Powell recently noted that new forms of digital money such as cryptocurrencies and stablecoins presented risks to the US financial system. “Our existing regulatory frameworks were not built with a digital world in mind,” he was quoted as saying. “There are potential financial-stability concerns for some crypto products,” Powell added.

Studio behind PUBG series to make Solana NFT games

South Korean game publisher Krafton, Inc. has revealed a long-term agreement with Solana Labs. Both entities plan to work together to develop and market blockchain and NFT-driven games that run on the Solana network. They also aim to explore co-investment opportunities. Krafton is the company behind PUBG: Battlegrounds, a popular battle royale shooter franchise that spans multiple platforms.

Coinbase adds Cardano staking rewards

Crypto exchange Coinbase now offers staking for ADA, the native cryptocurrency of the Cardano blockchain. In explaining the decision, senior product manager Rupmalini Sahu pointed to ADA’s top-10 market capitalization and its sustainable, flexible blockchain design. The design uses smart contracts to enable decentralized finance (DeFi), NFTs, and other activities on the network.

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Crypto.com Secures FIFA World Cup Sponsorship – Top Crypto News

Crypto.com secures FIFA World Cup sponsorship

Crypto exchange Crypto.com will be an official sponsor of the 2022 FIFA World Cup. The partnership will put the exchange’s branding all around the tournament’s Qatar venue, as well as within the stadium’s broadcast view. The total compensation for the deal was undisclosed.

Crypto prices today: Bitcoin down 0.2%, ETH falls 1.3%

Bitcoin is currently trading at $42,123.49, a 0.2% decline over the previous day. Ethereum is down 1.3% over the last 24 hours to $2,948.6. Solana rose 1.14% to $91.34, while Cardano is trading higher by 3.3% at $0.968. Meanwhile, Polkadot (DOT) rose 3.18% to $20.34. The global crypto market cap stands at $1.91 trillion, a 0.03% decline over the previous day.

El Salvador postpones Bitcoin Bond due to unfavorable crypto market

El Salvador’s Finance Minister, Alejandro Zelaya, announced that the country has postponed the issue of its Bitcoin-backed bond. It is waiting for crypto market conditions to improve. The government initially planned to issue $1 billion in bonds to investors between March 15 and March 20. They intend to convert $500 million into Bitcoin and use the other $500 million for infrastructure and Bitcoin mining.

NFL bans promotions on crypto, token deals

The National Football League (NFL) announced it will allow teams to seek limited three-year sponsorships from blockchain companies. However, the league introduced a ban on promotions featuring a crypto coin or token. The NFL has decided to allow promotional relationships with blockchain companies like Crypto.com, Coinbase, and FTX due to the growing popularity of crypto, NFTs.

Avalanche announces new ‘Core’ wallet at AVAX Summit

Avalanche announced it will launch its own wallet application called Core and add a Bitcoin bridging functionality. The two initiatives aim to simplify the user experience and bring more assets into the Avalanche ecosystem. Core will be a curated Web3 operating system that combines secure wallet architecture with technology not found in any other wallets. The announcements were made at the Avalanche Summit in Barcelona on Tuesday.

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Crypto Losses Can’t be Set Off, Clarifies Govt – Top Crypto News

Crypto losses can’t be set off, clarifies Govt

The Government of India has clarified that losses from virtual digital assets cannot be set off against gains one makes from other such assets. In other words, crypto investors and traders would have to pay a flat 30% tax on income, while losses would not provide any tax benefit. The Centres’ flat 30% tax rate on income from transfer of crypto and other virtual digital currencies will come into effect from April 1, 2022.

Crypto prices today: Bitcoin rises 3%, ETH up 4.2%

Bitcoin is currently trading at $42,238.46, a 3% increase over the previous day. Ethereum is up 4.2% over the last 24 hours to $2,991.86. Solana rose 1.6% to $90.32, while Cardano is trading higher by 5.9% at $0.93. Meanwhile, Polkadot (DOT) rose 4.88% to $19.73. The global crypto market cap stands at $1.91 trillion, a 3.02% increase over the previous day.

Goldman Sachs makes over-the-counter Bitcoin trade

Goldman Sachs has become the first major US bank to make an over-the-counter (OTC) cryptocurrency transaction. The Wall Street giant bought an OTC Bitcoin non-deliverable option (NDO) from Galaxy Digital. The company bought a contract betting on the future price of Bitcoin— rather than actually buying the digital asset itself. 

Malaysia should make Bitcoin, crypto legal tender: Deputy Minister

Malaysia’s Deputy Minister of Communications Zahidi Zainul said the country should recognize Bitcoin and other crypto-assets as legal tender. Like many other countries, Malaysia is researching a central bank digital currency. Currently, its government is not considering an El Salvador-style leap into crypto. El Salvador made Bitcoin legal tender in September 2021.

Coinswitch, CoinDCX to invest up to $200,000 in crypto, Web3 startups

Coinswitch Kuber and CoinDCX are scouting for investment deals, seeking to infuse $100,000-200,000 in crypto and Web3 start-ups that need funding. The crypto exchanges plan to invest the amount in each of the multiple deals they are seeking. Coinbase’s investment arm, Coinbase Ventures, is also entering the Indian market with plans to invest up to $1 million in Web3 start-ups.

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Govt Working on Classification of Crypto Under GST Law – Top Crypto News

Govt working on classification of crypto under GST law

The Indian government is working on the classification of crypto as goods or services under the GST law so that tax can be levied on the entire value of transactions. Currently, 18% Goods and Services Tax (GST) is levied only on services provided by crypto exchanges. GST officers are of the view that cryptos are similar to lottery, gambling, and horse racing, which have a 28% GST on the entire value.

Crypto prices today: Bitcoin down 2.2%, ETH falls 1.8%

Bitcoin is currently trading at $40,981.6, a 2.25% decline over the previous day. Ethereum is down 1.8% over the last 24 hours to $2,870.5. Solana fell 2.56% to $88.88, while Cardano is trading lower by 1.9% at $0.886. Meanwhile, Terra (LUNA) rose 1.4% to $94.17. The global crypto market cap stands at $1.86 trillion, a 1.75% decline over the previous day.

DAO treasuries top $8.2 billion on Ethereum, $1.3B on Solana: DeepDAO

Interest in decentralised autonomous organisations (DAOs) has seen a sharp increase over the last few years. According to DAO analytics site DeepDAO, there is currently $9.5 billion held in DAO treasuries across all networks. Out of the total, $1.3 billion is held by DAOs built on the Solana network alone and $8.2 billion on Ethereum. DAO is a way of organizing people and their interests on the internet using blockchain.

Cricket NFT marketplace to raise $100M in Series A funding round: Report

FanCraze, the developer of a NFT marketplace trading official cricket collectibles, is raising around $100 million in Series A funding. B Capital Group and Insight Partners are leading the round, with participation from South Korea’s Mirae Asset. International soccer superstar Cristiano Ronaldo is also reportedly one of the investors. FanCraze secured a partnership with the International Cricket Council (ICC) in November 2021 to launch the NFT marketplace. 

Hubspot hack leads to data breaches at BlockFi, Swan Bitcoin

A data breach at Hubspot has affected crypto trading platforms BlockFi and Swan Bitcoin. However, both companies said their operations have not been affected and treasuries are not at risk. Many companies use Hubspot to manage marketing campaigns and onboard new users. While user information was leaked to hackers, both companies said that passwords and other internal information was not affected. 

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Ethereum 2.0 Coming in Q2 – Top Crypto News

Ethereum 2.0 coming in Q2

ConsenSys CEO and Ethereum co-founder Joe Lubin said the next era of Ethereum is likely to arrive between June and July. The Ethereum 2.0 project will boost the transactions per second (TPS) capability of the top blockchain for centralized, decentralized finance (DeFi) projects, and NFTs. It will also mark a shift away from the energy-intensive mining process followed currently.

Crypto prices today: Bitcoin down 0.4%, ETH up 1.2%

Bitcoin is currently trading at $40,690.4, a 0.41% decline over the previous day. Ethereum is up 1.28% over the last 24 hours to $2,794. Solana fell 1.2% to $86.26, while Cardano is trading lower by 1.6% at $0.829. Avalanche (AVAX) rose 3.62% to $79.41. The global crypto market cap stands at $1.82 trillion, a 0.21% increase over the previous day.

Coinbase hit with $5M lawsuit over ‘unlicensed’ sale of Dogecoin, 78 other crypto assets

Three users have accused Coinbase of selling unlicensed securities. They are seeking at least $5 million on behalf of themselves and everyone else who purchased Dogecoin, Solana, Cardano, and 70 other tokens on the platform. The users claim that since Coinbase is allegedly selling securities, it should have registered with the SEC as a national securities exchange. Such a designation is typically reserved for stock exchanges. It would subject Coinbase to a lot of regulatory and reporting obligations. 

US Crypto Sanctions Bill aims to crack down on Russia, track wallets with foreign ties

US Senator Elizabeth Warren has proposed a new bill that enhances the US government’s ability to crack down on Russian crypto use. The bill also has a provision that requires US taxpayers to report certain types of crypto transactions. It would give US Treasury Secretary Janet Yellen “clear authority” to block US-based crypto exchanges from facilitating transactions with wallets based out of Russia.

GameStop to launch NFT marketplace by end of July

GameStop (GME) intends to launch a non-fungible token (NFT) marketplace by the end of July. It will partner with layer 2 system Immutable X for the launch of its NFT plans. The game retailer had hired dozens of people in Q4 with experience in areas such as blockchain gaming, e-commerce, and technology.

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Ukraine Legalises Crypto – Top Crypto News

Ukraine’s President signs virtual assets bill into law, legalizing crypto

Ukrainian President Volodymyr Zelenskyy has signed a virtual assets bill into law, thus legalizing crypto in the country. Amidst Russia’s invasion, Ukraine has been receiving millions in digital asset donations to support its defense. The new law determines the legal status, classification, ownership, and regulators of virtual assets. It also sets registration requirements for crypto services providers.

The crypto market will be regulated by Ukraine’s National Commission on Securities and the Stock Market.

Crypto prices today: Bitcoin rises 3.2%, ETH up 4%

Bitcoin is currently trading at $40,805.6, a 3.2% increase over the previous day. Ethereum is up 4.2% over the last 24 hours to $2,753.5. Solana rose 5.4% to $87, while Cardano is trading higher by 4.7% at $0.84. Avalanche (AVAX) jumped 9.2% to $75.84. The global crypto market cap stands at $1.81 trillion, a 3.11% increase over the previous day.

Argentina cracks down on crypto with anti-money laundering rules

Argentina is set to include crypto firms in its wider anti-money laundering (AML) regulatory regime. Unidad de Información Financiera (UIF) is the country’s competent authority when it comes to regulating money laundering risks. As per reports, UIF is working on adding crypto firms to the list of entities subject to AML reporting requirements.

The Sandbox Metaverse token jumps 8% amid HSBC, Paris Hilton tie up

Multinational investment bank HSBC has become the latest corporate giant to enter the Metaverse through a partnership with The Sandbox. HSBC will acquire a plot of virtual real estate in the Sandbox metaverse to increase engagement and connect with sports, e-sports, and gaming enthusiasts. Paris Hilton also announced a partnership with The Sandbox, wherein the singer would appear as her voxel avatar.

Dubai grants Virtual Asset Licence to Binance for regional business

Dubai’s Virtual Asset Regulatory Authority (VARA) has granted a Virtual Asset Licence to crypto exchange Binance to conduct regional operations. Binance can extend limited exchange products and services to pre-qualified investors and professional financial service providers. The exchange will also anchor a blockchain technology hub in the Dubai World Trade Centre (DWTC).

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NFTs to Come on Instagram Soon – Top Crypto News

NFTs are coming to Instagram, says Mark Zuckerberg

Mark Zuckerberg, CEO of Meta, confirmed that non-fungible tokens (NFTs) will be coming to Instagram in the “near-term”. Many have predicted that users will be able to mint new NFTs on Instagram and share those already in their collection. Zuckerberg said he hopes one day that users will be able to mint the clothes of their digital avatars as NFTs. However, he admitted there is still a lot of work to do before that can happen. 

Crypto prices today: Bitcoin rises 3%, ETH up 4.7%

Bitcoin is currently trading at $39,501, a 2.99% increase over the previous day. Ethereum is up 4.7% over the last 24 hours to $2,641.5. Solana rose 4% to $82.42, while Cardano is trading higher by 1.4% at $0.8005. Polkadot (DOT) jumped 5.2% to $18.1. The global crypto market cap stands at $1.76 trillion, a 2.82% increase over the previous day.

American Express files trademark applications for Metaverse and NFT logos

American Express has filed seven trademark applications linked to virtual services and its iconic Centurion logo. The company is joining financial peers JP Morgan, Visa, and Mastercard in exploring Web3 applications of its intellectual property (IP). American Express may develop its footprint in the metaverse, a future vision of the Internet that could be more immersive by using virtual reality (VR) and augmented reality (AR) headsets. 

Afghans turn to crypto amid US sanctions

Since the Taliban’s takeover, Afghanistan’s economy has collapsed due to US sanctions, failing banks, and the drying up of foreign aid. However, crypto has come to the rescue of Afghans. Many are now using Binance’s P2P crypto exchange. It allows them to buy and sell their coins directly with other users on the platform. In 2021, data firm Chainalysis gave Afghanistan a rank of 20 out of the 154 countries it evaluated in terms of its crypto adoption.

DeFi lending protocol Agave’s AGVE crashes ~25% amid exploit investigation

AGVE, the token of lending protocol Agave, has fallen over 25% after the company said it is looking into an exploit. Hundred Finance, a multi-chain lending protocol on the Gnosis chain, was also attacked. According to blockchain security researcher Mudit Gupta, the attack vector in both cases was a “re-entrancy attack” (similar to Trojan Horses).

Governments see crypto as an ‘evolving threat’: Edward Snowden

Governments see crypto as an “evolving threat,” according to whistleblower Edward Snowden. Speaking at Camp Ethereal 2022, he discussed how global governments are threatened by crypto disrupting the regulatory status quo. The United States has routinely raised alarm bells about the use of crypto in undermining national security.