TRON DAO announced the creation of a $10,000,000 incentive fund to assist Terra developers in migrating to TRON. This includes TRON’s EVM compatible cross chain solution BitTorrent Chain (BTTC). This facilitates the seamless transfer assets across all major public chains including TRON, Ethereum and BNB Chain.
Christine Lagarde, head of the ECB, stressed last night that crypto regulation was essential and that there should be an EU digital currency.
Following an update that allowed transactions to be sent anonymously, Bithumb (and Upbit) are two of Korea’s Big Four crypto-exchanges.
Although Bitcoin’s hashrate is above 200 exahash per seconds (EH/s), the network’s mining difficulty (ATH) has been at an all time high of 31.25 trillion over the past two weeks. Bitcoin’s mining difficulty will drop to 3.67% after 289 blocks have been mined, or approximately two days from now. This is in relief of the recent difficulty ATH.
Protego’s Series A round of $70 million attracted investment from a number of crypto investors, including Coinbase, FTX and Avalanche. The startup is currently in the process of putting together a Series A round, which would bring the startup’s value to close to $2Billion.
To capitalize on a real partnership between Beeple Fashion and Louis Vuitton NFT, links were posted to a fake Louis Vuitton NFT raffle.
Richard Nash, vice president of PayPal, stated that PayPal is trying to integrate all blockchain and cryptocurrency technologies into its platform.
A Russian court of appeals has overturned a decision by a regional court that allowed blocking of Tor Project’s website within the country. The case was remanded to the court of first instance to be reviewed again due to violations in the initial proceedings.
Sony, the global electronics company, announced that it will be more focused on metaverse experiences as part its entertainment strategy. The Playstation brand is owned by Sony. It revealed that previous investments in Epic (the maker of Fortnite) and Bungie (another gaming studio) are part of this new push.
A bill has been filed with the State Duma by lawmakers aiming to add the NFTs term to Russian legislation. Draft authors argue that the rights of people who have non-fungible tokens should be protected, as Russians currently deal with NFTs at their own risks.
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