DeFi

The VC behemoth will put money into game companies, apps, and infrastructure.

Authorities in Rong County, China, recently announced the prosecution of eight people suspected of masterminding the Magic Data Chain (MDC) pyramid scam. The pyramid is reported to have processed transactions worth more than $147 million in total.

According to blockchain statistics, over 5,505 ether linked to the Ronin exploiter address are on the move via privacy exchange Tornado Cash.

The collapse of cryptocurrencies LUNA and stablecoin UST has prompted South Korea's top financial regulators to begin an emergency inquiry. Authorities have requested information on transactions and investors in the two currencies from local cryptocurrency exchanges.

The DOJ has filed its first criminal lawsuit against an American who allegedly utilized cryptocurrencies to evade US sanctions. 'The payments site offered its services as a way to get around US restrictions, including apparently untraceable virtual currency transfers.'

Elon Musk, CEO of Tesla and SpaceX, believes the US economy is in a recession and that it will be 'difficult going' for the next 12 to 18 months. 'The true cause for inflation is that the government printed a billion more dollars than it had,' he said.

The goal of the project is to make user data accessible across Web 3 dapps.

The firm secured $50 billion in DeFi assets, while Jump Crypto led the investment round.

However, the Dutch Authority for Financial Markets (AFM) does not currently have the authority to impose a ban similar to that in the United Kingdom.