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Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

advertisement A senior official for France’s central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi). In a speech from November 19 that was published Sunday by the Bank of International Settlements, Denis Beau, first deputy governor of the Banque du France, primarily focused on the development of central bank digital currencies (CBDCs) and his institution’s pilot program in this area. France’s central bank is also a participant in the long-term project …

Decentralized exchanges near $100 billion in monthly volume for November

advertisement Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November. According to The Block’s Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion in July, with the November figure surpassing October’s $89.15 billion. As expected, Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly …

Hacked cloud accounts are being used to mine crypto, says Google

advertisement A report released this week by Google indicates that a majority of recently attacked accounts on its Google Cloud Platform service were used to mine cryptocurrency. The Threat Horizons report for November stated that “[m]alicious actors were observed performing cryptocurrency mining within compromised Cloud instances.” “Of 50 recently compromised GCP instances, 86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity, which typically consumed CPU/GPU resources, or in cases of Chia …

Germany’s new ruling coalition calls for ‘joint European supervision’ of crypto in ruling agreement

advertisement A trio of political parties in Germany struck an agreement this week that will see them assemble a national governing coalition. Part of that agreement, according to the German-language text, includes a call for European countries to work together to monitor activities in the crypto sector. The call is a minor but notable aspect of the 177-page document, made public this week after the agreement was made public. The coalition includes the Social Democrats, the Greens and the Free …

Deciphering the Metaverse #2: Virtual World Frenzy, the Evolution of Blockchain Gaming, and In-Game Economies

November 26, 2021, 7:05PM EST • 16 min read Quick Take This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds The metaverse frenzy, which Facebook helped unleash, started to spill over to virtual world projects Investigating the current trends in blockchain gaming unearthed different types of games, which range from rudimentary experiments to premium AAA productions Join The Block Research for exclusive research like this Gain access to this research piece and 100s of …

Celsius says ’employee’ suspended amid rumors of CFO arrest in Israel

Crypto lending firm Celsius Network said Friday that it has suspended an “employee” amid rumors of its CFO Yaron Shalem’s arrest in Israel. “We were recently made aware of a police investigation in Israel involving an employee,” Celsius tweeted. “While this is in no way related to the employee’s time or work at @CelsiusNetwork, the employee was immediately suspended. We have also verified that no assets were misplaced or mishandled.” The tweet came after The Block reached out to Celsius CEO …

Department of Veterans Affairs seeks contractor info on blockchain use for data sharing, supply chain optimizing

advertisement The US Department of Veterans Affairs has laid out some specific areas that blockchain tech could be applied to its services.  According to a presolicitation notice published on November 26, the VA identified several areas in which the technology could be applied to its services. A presolicitation typically means that a government agency is probing contractor interest and viability in a particular project. “Specific task will focus on: (1) secure data sharing across institutions; (2) supply chain optimization; (3) …

Tanzania has begun preparations to launch its own CBDC

advertisement Bank of Tanzania, the country’s central bank, has begun the process of launching its own digital currency. Governor Florens Luoga reportedly revealed the news at the central bank-organized 20th Conference of Financial Institutions (COFI) on Thursday. He said, “the Bank of Tanzania has already begun preparations to have its own CBDC” to ensure that the country is not left behind the adoption of CBDCs. To that end, the central bank is also looking to expand its CBDC research and …

Crypto data firm DappRadar set to launch its own token

DappRadar, a crypto startup that provides data to analyze decentralized applications (dapps), is set to launch its own native token called radar. Announcing the news on Thursday, Lithuania-based DappRadar said the token will help it decentralize its business in the future. The firm also announced that it is repositioning to a full-scale dapp store, similar to a centralized app store but for dapps.  Founded in 2018 by Skirmantas Januškas, DappRadar provides data for dapps such as transaction activity, token volume, …

Play-to-Earn gaming guilds

November 26, 2021, 9:58AM EST • 17 min read Quick Take The play-to-earn (P2E) model reshapes the gaming industry by transforming the conventional one-way interaction between players and the game into a two-way relationship. The proliferation of P2E guilds is paving the way for the eSports industry’s future landscape. Also known as GameFi DAO, they increasingly serve as entry points for players to the metaverse, including the DeFi industry. As P2E games and guilds grow, we will see a greater …