Month: January 2022

Animoca Brands Valuation More Than Doubles to $5.5B in Three Months

Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion. The funding round represents a doubling in Animoca’s value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October last year. Liberty City Ventures led the round, which included contributions from Winklevoss Capital, Soros Fund Management and 10T Holdings. Animoca plans to use the funds to fuel acquisitions and investments, product development and licenses for popular intellectual properties, according to…

UK Treasury wants to remove blockchain reference from crypto definition

boss

The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets. BRITAIN SETS OUT PLANS FOR REGULATING CRYPTO ASSETS, PROPOSES TO REMOVE REFERENCE TO BLOCKCHAIN FROM THE DEFINITION OF CRYPTO ASSETS — *Walter Bloomberg (@DeItaone) January 18, 2022 A new crypto report titled “Cryptoasset promotions: Consultation…

The World’s First Virtual Mars NFTs Are Selling Rapidly

boss

Mars4 is a multi-tiered project that combines NFTs, Crypto and an immersive survival game together that will provide a window to a virtual Mars and a broader range of investment opportunities via the world’s first revenue-generating NFT. The sale of Mars4 NFTs raised over $250K in a day and saw land plots sell swiftly via the Epoch System. Epochs: Tiered Crypto Returns Mars4 NFTs represent geographically-exact plots of land across the face of Mars, created with data from NASA and other space agencies, to be fully realized in modern 3D…

Multichain asks users to revoke approvals amid ‘critical vulnerability’

boss

Cross-chain router protocol Multichain (formerly Anyswap) urges users to revoke approvals for six tokens to avoid loss due to a “critical vulnerability” that is currently being exploited by malicious individuals. Users who approved WETH, PERI, OMT, WBNB, MATIC and AVAX on the Multichain platform are now at risk, experts warn. To avoid loss, the Multichain team advises users to cancel all of the approvals given to the specified tokens so that they can protect their crypto assets. Multichain also published a step-by-step tutorial on how users can easily revoke approvals. In…

Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals

Multichain users who didn’t update their approvals as instructed yesterday have been exploited and have lost 445 wrapped ether ($1.4 million), the project tweeted on Tuesday. On Monday, Multichain instructed its users to remove approvals for six tokens and said otherwise their assets would be exposed to a security vulnerability. The tokens in question were WETH, PERI, OMT, WBNB, MATIC and AVAX. Decentralized finance security firm Dedaub first found the flaw, which Multichain said it had fixed. Later on Tuesday, crypto security firm PeckShield revealed the wallet address where the…

Bitcoin miner Rhodium set for IPO, valued at $1.7 billion

boss

The first IPO for the crypto industry in 2022 comes from a Texas-based Bitcoin (BTC) mining company, Rhodium Enterprises. In an SEC filing made last week, Rhodium plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO). Trading under the ticker “RHDM” on Nasdaq, 56.8 million class A and 67.5 million class B shares will be released, ultimately valuing the company at just shy of $1.7 billion.  Rhodium is a cryptocurrency technology company that uses proprietary tech and liquid cooling technology to self-mine Bitcoin. Their…

UK to Tighten Crypto Ad Regulations to Improve Consumer Protection

The U.K. government said it plans to strengthen the rules governing crypto asset ads to bring them in line with other financial assets. The rules will increase consumer protection at the same time as they encourage innovation, the Treasury said in a statement Tuesday. The Treasury published a consultation response, saying that proposed legislation will also provide the UK financial watchdog, the Financial Conduct Authority (FCA) with the power to regulate the crypto market more effectively. Source