The US Treasury Department has sanctioned top Russian mining outfit Bitriver in an effort to prevent Russia from using cryptocurrencies to avoid sanctions. The decision comes amid worries that Moscow may try to monetize its energy resources by minting digital currency.
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Commerzbank, a German financial institution, has submitted an application for a local crypto license
If the bank's licensing application is approved, it will be able to provide exchange and crypto-asset services.
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Square Enix, the Japanese video game firm, is forging forward with its aim of incorporating blockchain technology into its games. The relevance of user-generated content and the advantages that allowing for its development, as well as the introduction of blockchain-based self-sustaining economies, could have on the future of the gaming industry were discussed by the company's president in a recent interview.
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As inflation continues to wreak havoc on the lives of regular Americans, all eyes are on the Federal Reserve's efforts to alleviate the situation in the United States. Meanwhile, while St. Louis Fed president James Bullard wants to quickly raise the benchmark bank interest rate, Atlanta Fed president Raphael Bostic believes that the central bank should proceed with prudence in raising the rate.
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While the total value locked (TVL) in decentralized finance (defi) is hovering just above the $214 billion level, a defi protocol known as Lido has been creeping closer to overtaking Curve as the protocol with the most TVL in a defi protocol, according to Blockstream. In addition to Ethereum, Solana, Terra, Polygon, and Kusama blockchain networks, the liquid staking solution Lido currently has $19.2 billion in staking assets sourced from five different blockchain networks, including Ethereum, Solana, Terra, Polygon, and Kusama.
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Blizzard Entertainment, a game studio that is part of the Activision-Blizzard corporation, has begun polling gamers on the use of NFTs and cryptocurrency components. The poll, which was only sent to a few of the company's users, sparked speculation that the corporation would incorporate some of these components into its games. The studio's head, Mike Ybarra, however, dismissed this notion.
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Ethereum (ETH) continues its low volatility phase around its Point of Control (POC, red) that provided the highest liquidity in the past four months.
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In the blink of an eye, he provided a one-time Apple ID code to whoever he believed to be Apple. His crypto was gone the following day.
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According to a report from Insider Intelligence, 3.6 million Americans would make payments in cryptocurrency this year.
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In response to Russia's invasion of Ukraine, the United States has imposed new sanctions on more than 40 individuals and organizations.
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