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A company just made the largest virtual land purchase for $2.5 million USD

On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland. Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date. Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land …

ConstitutionDAO is coming to an end

A ragtag effort to raise enough money to buy a rare copy of the US Constitution is coming to an official end after the group failed to win at a Sotheby’s auction last week. In a Discord message to supporters, donors and contributors, core team member Graham Novak wrote that despite explorations of alternative uses of the nearly $48 million raised, it was “determined that building and maintaining an ongoing project is not something that we as a core team …

Deribit Company Intelligence Report

November 23, 2021, 3:43PM EST • 19 min read Quick Take Largest crypto options exchange by open interest and volumes Offers institutional level services such as co-location, market maker protection, and portfolio margin ~$12.5 billion YTD October 31, 2021 derivatives total trading volume and +194% increase in monthly trading volumes YTD Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, …

eToro to delist ADA, TRX for US users over regulatory concerns

advertisement eToro is delisting Cardano and TRON for stateside users, according to a new post from the exchange.  Starting Dec. 26, U.S. users won’t be able to open new ADA or TRX positions, and by Dec. 31, staking for the assets will no longer be available. eToro cited “business-related considerations in the evolving regulatory environment” in its decision.  Staking reward payouts for U.S. users will end after Jan. 15, 2022, with the final rewards paid in USD.  Still, U.S. users …

OCC affirms Brooks-era permissions for banks to handle crypto — sort of

advertisement In an interpretive letter publicized on November 23, the Office of the Comptroller of the Currency tenuously maintained a series of greenlights that had come out of the previous administration. Last year, the OCC under then-Acting Comptroller Brian Brooks authorized federal banks to custody crypto, hold fiat reserves for stablecoin operators and operate cryptocurrency network nodes. Tuesday’s announcement said that those activities remain legal — as long as the bank engaging in them gets written authorization from its supervisory …

Fold launches Pokémon GO-like game that rewards players in bitcoin

Fold, a crypto firm that operates a debit card and an app to provide bitcoin cashbacks for shopping, has launched a Pokémon GO-like game that rewards players in bitcoin. The game was first announced in August when Fold opened a waitlist for it. Today the game has been officially launched, and Fold said it has partnered with the Pokémon GO creator Niantic for the same. The game is called Fold AR (augmented reality) and is available within the Fold app. It allows …

OlympusDAO mistake lets user spend $50,000 to buy $1.43 million in OHM

A mistake enabled someone to spend $50,000 to receive $1.43 million of olympus (OHM) tokens when they should have received far less, according to an update in the OlympusDAO Discord. “Earlier today someone bonded an OHM/DAI bond that was presumed to be closed off. This enabled the user to have a substantial discount resulting in the user receiving 1697 ohm instead of 59 ohm. After this occurred, we took immediate action and the bond contract has been shut down in …

US banking regulators plan to publish crypto guidance throughout 2022

Federal bank regulators in the United States issued a statement Tuesday summarizing the results of their inter-agency sprint towards clearer crypto regulations. The regulators, comprised of the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation, have identified “a number of areas” they feel need to be publicly clarified, according to their joint statement. The stated plan is to issue additional communications on this front throughout 2022.  Today’s statement does not seek to …

Indian government is expected to introduce a crypto bill in Parliament

The government of India is expected to introduce a crypto bill in the winter session of Parliament, according to an official bulletin. The bulletin, published Tuesday, lists “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” for introduction, consideration and passing. The bulletin is published by the Lok Sabha — the lower house of India’s bicameral Parliament. It confirms recent reports that said a crypto bill will be presented in the winter session of Parliament, which begins on November …

The Sweet Spot: Financial Products Built on Sound Fundamentals with High Transparency

What potential could investors realize if they had access to a financial product built on a sound store of value, supported by highly liquid global markets, and with daily transparency reporting to enable the investor’s trust? A bitcoin ETF offers a sweet spot the SEC and legacy investors should be ready for.  Industry proponents have long considered a bitcoin ETF (BTC ETF) an important step in changing the perception of bitcoin from that of a murky financial tool favored by shadowy super coders …