Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do “business with Russia-based crypto wallets” amid the situation with Ukraine. Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on United States businesses handling crypto transactions for Russian banks and individuals. Speaking...Continue Reading

Layer 2 scaling solution Optimism has secured $150M in funding, which it will use to hire new developers and decrease fees on the Ethereum network. Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion.  According to...Continue Reading

Koa aims to help Ghanian farmers increase their pay while allowing cocoa consumers to know exactly where their beans are coming from. Cocoa product startup Koa launched a blockchain-based program this week that improves the transparency of its cocoa supply chain and ensures its Ghanaian farmers are being paid properly. The program is supported by...Continue Reading

The firm also highlighted that the Immutable X NFT marketplace deal is set to fetch the firm $150 million worth of IMX tokens upon the “achievement of certain milestones.” Much loved retail video game store chain GameStop (GME) is looking ahead to its long-awaited NFT marketplace and Web3 gaming unit after suffering a net loss...Continue Reading

Coinbase has added wallet support for SOL and Solana-based tokens and has outlined that it will look to support NFTs and DApps on the blockchain in the future too. Top United States crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in...Continue Reading

The account of a moderator from the non-fungible token project was compromised in the attack, posting a phishing link that drained user wallets. Recently launched NFT project, Rare Bears, was hit with an attack, after a hacker posted a phishing link in the project’s Discord channel, stealing nearly $800,000 in NFTs. Analysis from blockchain security...Continue Reading

The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird in particular. The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch...Continue Reading

According to a series of mining metrics, not only are miners holding hard but they’re also dramatically increasing their hash rate. Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022. A report by Arcane Research indicates that publicly listed Bitcoin miners are “constantly looking for expansion opportunities,” as...Continue Reading

It could soon be time to call an end to the trading range in which Bitcoin has languished throughout 2022. Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders patiently await paradigm shift...Continue Reading

Despite Ukraine progressing with crypto regulation, locals are reportedly unable to buy Bitcoin using their bank accounts at PrivatBank. While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency....Continue Reading