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China’s crypto censorship reaches over news outlets and mining pools

China’s internet censorship machine has expanded to include crypto media outlets and mining pools in a continued attempt to minimize Chinese users’ exposure to the crypto market ecosystem. Chainnews, one of the major Chinese crypto media outlets established since 2017, is now shutting down all channels of content production and distribution. Meanwhile, Chinese internet service providers have taken further steps to detect and block domestic miner IPs from connecting to major mining pool services, based on a China Telecom document …

How open banking can bridge the gap between CeFi and DeFi

Quick Take Francesco Simoneschi’s TrueLayer is an open banking infrastructure startup used by the likes of Monzo, Revolut and Starling. In the wake of its funding round, Simoneschi is now toying with how open banking can iron out the crypto onboarding process. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Source link

Current state of DeFi in 2021: Part 1

November 25, 2021, 12:04PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program Convex surpassed Yearn and became the largest yield optimizer by value locked …

The story behind a massive bitcoin mining heist in China

Quick Take To outsiders, the recent arrest of a former Chinese official for “supporting” a local crypto mining business may appear to be a direct outcome of China’s ongoing crackdown on crypto mining. But the backstory actually stretches back more than three years, and what he is accused of doing is far more than just supporting a crypto mining business. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The …

Hillary Clinton wants crypto regulation to protect the dollar’s reserve status

Former secretary of state Hillary Clinton has called for increased regulation of cryptocurrency markets in an interview with MSNBC.  Clinton cited the combination of social media algorithms and the amassing of large sums of money through the control of cryptocurrencies, as a potential issue for the status of the U.S. dollar. She then called on the Biden administration to regulate the market.  “We’re not only looking at states like Russia or China, but we’re also looking at non-state actors destabilizing …

English and Welsh law can apply to smart contracts, says Law Commission

advertisement The Law Commission stated today that the existing law of England and Wales can be applied to smart contracts.  According to the commission, wholesale changes to the existing legal framework are not required to enforce smart contracts — except in some situations where only a minor modification of common law might be necessary. Today’s announcement concludes the Law Commission’s work on smart legal contracts as part of its Thirteenth Program of Law Reform. The statement also affirms the conclusions …

Escaping the Earth Dec 14 with a New Play-to-Earn dMMO

The Earth, once the Eden, the precious gift to mankind, has turned to a dark, exhausted orb in this vastly deep, cold, and seemingly empty space. We are no longer welcome here. But we still believe that this could not be the end. Not yet.  The ones who yet survived the dawn of the Earth are gathering the remaining resources of our beloved home to build our only possible future – Spaceships. To collaborate, they proposed a new decentralized currency …

Axie Infinity virtual land plot sells for a record $2.4 million

advertisement A virtual land plot in the Axie Infinity NFT game sold for a record price of 550 ether (about $2.4 million) on Wednesday. The plot is part of the “Genesis” land type, which Axie Infinity describes as “extremely rare.” Genesis land is located in the center of the Axie Infinity map and is capped at 220 plots. The seller of the plot goes by “ArcaChemist,” and the buyer goes by “Lunacian #789512.” There are different types of land in …

Adidas Originals announces partnership with Coinbase

advertisement Adidas Originals, a brand of the German sportswear clothing firm Adidas, has announced a partnership with the crypto exchange Coinbase. “We partnered with @Coinbase. Probably nothing,” Adidas Originals wrote in a Wednesday tweet.  Coinbase affirmed the partnership with “gm @adidasoriginals. Welcome to the party, partner!” Adidas Originals did not respond to a request for more information about the partnership. However, the brand showed interest in the metaverse in a tweet two days prior to the partnership announcement, suggesting, “adiVerse, …

MoonPay quietly set up a concierge service to help celebrities buy NFTs

Crypto payments firm MoonPay has quietly launched a new ‘concierge service’ to help celebrities and the super-rich purchase non-fungible tokens (NFTs) and cryptocurrency.   The company has been working with television host Jimmy Fallon and Post Malone, the rapper, as clients for a beta version of the service.  Both men have recently touted items they’ve acquired from the Bored Ape Yacht Club collection, which currently cost a minimum of 43.9 ether (or $186,000) a piece.  Fallon tweeted a picture of Bored …