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The Sandbox Metaverse will cooperate with Standard Chartered Bank
The Hong Kong subsidiary branch of SCB has become a partner of “The Sandbox” metaverse. According to the bank’s management, they have already purchased a virtual piece of land in the virtual metropolis of the metaverse. This move has become innovative for the bank and is managed by the relevant division of “SC Ventures”.
Solana network collapsed for 7 hours
The main reason for the network collapse was the huge number of transactions sent by mining bots with which validators could not manage. The bots worked through one of the projects based on the Solana network – “Candy Machine”.
Belgium tightens control over the crypto industry
The main reason for tightening control over the crypto market was scammers, because of which the Belgians have already lost more than 10 million euros since 2019.
Central Bank of Mexico has postponed the launch of the digital peso
As Victoria Rodríguez Ceja, head of the Bank of Mexico, noted, the digital currency will have additional features that will make financial processes automatic and accelerate them.
Vietnam has created a state organization to support crypto startups
In Vietnam, a state organization has been launched to help crypto startups. Business representatives, together with the authorities of the country, created the Vietnam Blockchain Union (VBU).
Korean Hyundai Motor entered the NFT market
South Korean auto holding Hyundai Motor has decided to launch its own line of non-fungible tokens. The automotive company attracts car owners to its Hyundai metaverse in this way.
New York State to ban mining company Greenidge
The main reason for the suspension of the company’s work was the climatic conditions.
Parfin, Gnosis Safe, Hex Trust and GK8 in business: MetaMask expands offer for customers due to new partners
Managing a decentralized finance wallet (DeFi. ed.) and browser extension, MetaMask was able to reach agreement on partnerships with major players in the crypto industry. Currently the company is integrating Parfin, Gnosis Safe, Hex Trust and GK8 to expand offerings for its customers.
The Bank of Spain warned that it would block illegal crypto transactions
Spain will block all transactions of any digital assets and user accounts if the owners get caught in a scam.
Mark Zuckerberg announced the creation of tokens and digital coins for Meta products
Meta, owned by American businessman Mark Zuckerberg, plans to launch its own cryptocurrencies. Cryptocurrencies will be launched not in the usual regulated market, but in their own metaverse.
Australia will penalize for unscrupulous advertising of crypto-exchanges
ASIC (Australian Securities and Investments Commission) stated that financiers who promote cryptocurrency projects can provoke people for reckless investment of assets. The country establishes liability for this. Influential people from the world of finance were warned about it by ASIC.
Green light for cryptocurrencies: Oklahoma wants to change laws to attract miners to the state
Oklahoma State Senators John Montgomery and Ryan Martinez have proposed a draft law that would cut miners’ electricity and hardware costs due to $5 million in subsidies.
Tightening taxes on digital money in India
In India, the Directorate General of GST Intelligence (DGGI) seized $12.6 million from 11 cryptocurrency exchanges. The main reason for the seizure was the charge of tax evasion.
The Japanese government will review the Foreign Exchange Law to close backdoors for sanctions evasion
The Japanese government has stated that it will look for an opportunity to close any backdoors for sanctions evasion against the Russian Federation. On Monday, the Japanese government made a statement that the country’s currency legislation will be revised in order to prevent Russia’s attempts to evade Western sanctions restrictions with cryptocurrency assets. For this purpose, during the next meeting of the Japanese Parliament, the Kishida government will revise the Law on Foreign Exchange and Foreign Trade. This was reported to the Reuters news agency by Hirokazu Matsuno, chief secretary of the Cabinet of Ministers of Japan.
$ 7 million: the Ministry of Digital Transformation calculated the cryptocurrency sent to help the Ukrainian army
Over the first day, more than 7 million dollars were received on crypto wallets that were created by the Ministry of Digital Transformation of Ukraine. Information about this is confirmed by the Ministry of Digital Transformation itself and data on crypto wallets on the Blockchain.com website.
Miner service stops in Russia: FlexPool statement
According to FlexPool, which is one of the largest Ethereum mining pools, it no longer serves IP addresses from the Russian Federation. These measures are caused by Russia’s invasion of the territory of Ukraine.
