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Crypto News NFTs, Ukraine Sells 1,282 War-Themed NFTs in One Day, G7 & Crypto Regulation, Metaverse Potential + more news

NFTs news

Ukraine's recently opened "NFT Museum" - Meta History: Museum of War - has already sold 1,282 works of art, raising ETH 190 (USD 653,000) on the first day of sale, according to data from the Ministry of Digital Transformation. They are raising funds to rebuild museums, theaters and other cultural institutions destroyed by Russian occupiers. In addition, the NFT-Museum team is "preparing for a global auction, which will include the first 4 works of art by Ukrainian artists and the works of the winners of the international competition PROSPECT100." According to the ministry, only NFT owners can participate in the auction from the collection of the Meta History Museum.


Control news

Kazushige Kamiyama, head of the Department of Payment and Settlement Systems at the Bank of Japan, told Reuters that the Group of Seven (G7) countries needed to speed up the creation of a common framework for controlling digital currencies. He says it will not be "very difficult to create a unique global settlement system" using Stablecoin.

The US Securities and Exchange Commission (SEC) has warned that listed companies in the country acting as custodians of cryptocurrencies on behalf of other companies should be held accountable for those assets and disclose the risks associated with those assets to investors. Technical, legal and regulatory risks can have a "significant impact" on a parent's performance and financial status, they said.

Bloomberg reports, citing an undisclosed source familiar with the matter, that India will enact legislation for cryptocurrencies as soon as a global consensus on such asset control emerges. For now, according to the report, the government is not planning any legislation to regulate or tighten the provisions

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Metaverse news

In its new report, financial giant Citi estimates the target addressable market (TAM) for the metaverse economy to be in the range of over USD 10trn, while contributors to the report indicate a range of users from mobile phone users to up to 5bn Is. Aadhaar, or just 1bn depending on the virtual reality/augmented reality device user base. However, he added that to create a predictable metaverse experience, latency needs to be improved and faster connectivity speeds are needed.

Security news

Decentralized lending network platform Ola. finance was exploited, according to blockchain security firm Peck Shield, giving hackers about $3.6 million in profit, while the protocol's losses are even greater. The forum said they took precautionary measures so that the attacker would not gain even more from the attack, and that they were working on a compensation plan.

Investment news

Investment management firm Galaxy Digital announced that shareholders of crypto custody specialist Bit Go, which is formerly in the process of acquisition, will now receive 44.8m newly issued Galaxy shares, up from 33.8m previously, resulting in BitGo holders combined with 12. % was the owner. 10% off the company vs. the original deal. Additionally, the company said that its net comprehensive income grew by 345% to USD 1.7 billion in the 2021 

Fiscal year.

The US Acting Comptroller of the Currency, Michael J. Sue said banks offering bitcoin (BTC)-based futures and other derivatives "should carefully consider tail risks". They specified unreliable price history, the current risk aggregation process, and the potential for risk of wrongdoing as factors that should be considered.

Bitcoin miner Prime Blocks announced its plans to go public through a merger with 10X Capital Venture Acquisition Corp II, a Special Purpose Acquisition Company (SPAC) for an estimated enterprise value of USD 1.25 billion. He added that in Q4 2021, PrimeBlock generated revenue of USD 24.4 million, and had over 110 MW of installed data center capacity.


Blockchain news

Chiliz (CHZ) announced that Scoville, the testnet for their Layer 1 blockchain, is now live. He added that more details about the mainnet launch, called Chillies Chain 2.0 (CC2), will be revealed soon.

Blockchain platform Phantom (FTM) announced a new FTM 335m (USD 543m) incentive program in partnership with the grant community Gitcoin Grants. They said they would publish an eligibility policy listing all the required criteria in an upcoming blog post.

Legal news

According to Bloomberg, a Turkish prosecutor is pursuing a total prison sentence of up to 40,564 years for 21 of the founders and executives of the Thodex crypto exchange. The total loss due to the exchange's collapse was TRY 356m (USD 24m), it added.

News of adoption

Blockchain domain name provider Unstoppable Domains announced that crypto platform supports all extensions of the former, natively available on Brave and Opera browsers, and via browser extensions on Chrome, Firefox and Edge . They currently offer nine domain extensions: .bitcoin, .coin, .crypto, .dao, .nft, .wallet, .x, .zil, and .888, with another, .blockchain, coming soon Is.

Monetary news

International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath said the financial sanctions imposed on Russia due to the invasion of Ukraine threaten to gradually reduce the dominance of the US dollar and result in a more fragmented international monetary system. She goes. According to the Financial Times. She clarified that while the dollar would remain "the dominant global currency even in that scenario", a smaller level of fragmentation has already been observed with "some countries renegotiating the currency in which they receive payment for trade."

Tax news

Indonesia plans to charge a value-added tax (VAT) on cryptocurrency transactions and an income tax of 0.1% on capital gains from each investment starting May 1, Reuters reported.

why a bipartisan embrace of crypto may never extend to bitcoin

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