Day: December 21, 2022

RBI Officials Go All Bearish on Crypto in New Call for Prohibition

India has been indecisive about whether to ban crypto or not, but it comes off as one of the nations that levy up to 28% tax on proceeds from digital currencies and their underlying trading activities. Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) has gone all bearish on crypto assets and has renewed his call for the prohibition of the nascent asset class. According to a report from TechCrunch, Das was addressing a room of banking executives and lawmakers when he pointed out that crypto can…

Private Banks to Manage Future Digital Euro Wallets, Transactions

“Their responsibilities would include offering user-facing services, such as opening accounts or wallets, payment instruments and onboarding and offboarding, encompassing know-your-customer and anti-money laundering checks. They would also provide devices or interfaces to pay with a digital euro in physical stores, online or person-to-person,” the report said. Source

Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences – Metaverse Bitcoin News

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The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million Euros to Help the Metaverse and Video Game Ecosystem Video games and metaverse experiences are starting to be considered in the cultural plans of some key states around the world. The Ministry of Culture of Spain…

Privacy Protocol Mask Network Acquires Mastodon Server

Mask’s team will begin operations and maintenance on the Pawoo server, starting from December 21. Popular encrypted messaging protocol Mask Network has acquired a major internet server – Pawoo.net, from the social media platform Mastodon. The development was shared in a December 21 blog post by the firm. Per the post, the deal will see Mask’s team take over the reins at Pawoo.net with immediate effect. This means that all operations and maintenance of the server become Mask’s responsibility starting today. Meanwhile, the cost of the acquisition is yet to…

French regulator AMF blacklists only two crypto websites in the whole year

Financial regulators in France continue flagging illicit players on the foreign exchange (forex) and cryptocurrency markets, blacklisting a fresh batch of related websites. The French stock markets regulator, the Autorité des Marchés Financiers (AMF), and the Prudential Supervision and Resolution Authority (ACPR), on Dec. 21, updated a blacklist of websites identified as unauthorized investments in forex and crypto assets. Out of the 15 newly-blacklisted websites, only two sites imply a direct connection with crypto in their name. These websites include 24cryptoforextrading.net and cryptoneyx.io. According to the announcement, the AMF and ACPR…

Altcoin Indexes Take Beating As Investors Flip Alts For Bitcoin

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Data shows the different Altcoin Indexes in the crypto market have taken a beating during the past week as investors have been flipping alts for Bitcoin. Bitcoin And Stablecoins Dominance Rises As Altcoins Struggle As per the latest weekly report from Arcane Research, the cryptocurrency market has observed a correlated decline recently, but altcoins have taken a more substantial hit. The “Altcoin Indexes” here refer to groups of altcoins divided on the basis of market cap. The most popular indexes include the “large caps,” the “mid caps,” and the “small…

Hackless Offers Sandwich Attack Protection for BSC and Ethereum Networks – Sponsored Bitcoin News

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sponsored As winners of the ETH hackathon in 2021, the Hackless team is now releasing the beta version of Anti-Sandwich – a gateway to safe and efficient swapping of crypto assets, avoiding public mempools and consequently, getting ‘sandwiched’. The solution has already proved effective for a play-to-earn platform and is now open to a wider audience. The risks of DeFi Financial freedom is simultaneously the biggest groundbreaker and risk of DeFi. Transition to decentralised exchanges puts users in control of their assets, but it also makes them solely responsible for…

Is Ethereum’s Censorship Problem Taking a Turn?

But the tide may be turning, with the number of censored blocks on Ethereum seeing a steady decline between mid-November and mid-December. According to mevwatch.info, a watchdog site for monitoring Ethereum “censorship”, the highest number of censored blocks came on Nov. 21, when 79% of blocks relayed on Ethereum came from parties that exclude OFAC-sanctioned transactions. Since then, the lowest day was Dec. 9, when censored blocks made up 64%. Most days censorship sits at 68% to 72%. Source

Key takeaways from DappRadar’s 2022 review

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2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been strewn with plenty of positives for the decentralized application (Dapp) ecosystem. DappRadar has released its yearly report on the industry, focusing on challenges faced alongside notable technological achievements and an increasing number of active daily users. Cointelegraph highlights the main takeaways from the DApp industry in 2022, which are pertinent, considering macro factors like inflationary concerns in major economies, the collapse of industry-specific projects like Terra/Luna and FTX as well as market…