EU cracks down on cryptocurrencies, hackers steal over $600 million from a popular crypto game, and can Bitcoin’s code be greener? These stories and more this week in crypto.
EU votes against anonymous wallets
The European Parliament has voted in favor of new anti-money laundering rules that would require European crypto services to collect and verify information about owners of self-hosted wallets. The new regulations would make it easier to identify and report suspicious transactions and freeze digital assets, but the crypto industry sees the new ruling as a fundamental threat to decentralized finance.
NFT game hacked for $625 million
Critical piece of infrastructure behind popular crypto game Axie Infinity hacked for $625 million in Ethereum and USD, making it one of the biggest cryptocurrency heists of all time . The game operator works with law enforcement officials, forensic cryptographers and investors to ensure there is no loss of user funds.
Greenpeace will change the Bitcoin code
Greenpeace, along with Ripple co-founder Chris Larsen, has launched a campaign to turn Bitcoin into a more environmentally friendly consensus model. The “Change the code, not the climate” initiative aims to pressure key industry leaders and Bitcoin miners to move to a new “greener” consensus, based on a climate-driven model. proof of the stake.
Thodex executives facing life imprisonment
Leaders of Turkish crypto exchange Thodex face ‘thousands of years’ in prison as a Turkish prosecutor seeks sentences of more than 40,000 years in total for 21 defendants. The company went out of business and its CEO disappeared around this time last year after taking away more than $2 billion.
Goldman Sachs will offer Bitcoin and Ethereum
Leading investment bank Goldman Sachs will offer its high net worth clients access to digital assets such as Bitcoin and Ethereum through a third-party issuance from Galaxy Digital. Goldman Sachs previously said bitcoin could hold 20% of the “store of value” market as more banks want to include digital assets in their wealth management strategies.
Citi predicts the Metaverse could be worth $13 billion
The world bank, Citi, has predicted that the total market for the metaverse economy could reach somewhere between $8 trillion and $13 trillion by 2030. In the report, Citi said the metaverse could be the next generation of ‘Internet, expecting the number of metaverse users to reach up to 5 billion.
NFTs are coming to TV
Gemini’s NFT platform, Nifty Gateway, announced its partnership with Samsung to develop the first-ever NFT platform that would enable the purchase and trade of digital art and collectibles on smart TVs. Initially, customers will have access to more than 6,000 artworks from emerging and leading NFT artists.
One in five Americans invest in crypto
One in five adults have invested, traded or used a cryptocurrency according to a recent NBC News poll. 21% of 1,000 Americans surveyed said they had used or invested in crypto at least once and men aged 18-49 were the most likely to have invested in crypto.
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That’s what happened this week in crypto, see you next week.
