SEC versus. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News


Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.


Regulation news

  • The United States Registration (SEC) announced it settled charges against tech company NVIDIA Corporation for “inadequate disclosures in regards to the impact of cryptomining around the company’s gaming business.” They stated that the organization unsuccessful to reveal that “cryptomining” would be a significant component of its material revenue growth in the purchase of their graphics processing units (GPUs) designed and marketed for gaming, while NVIDIA decided to a cease-and-desist order and also to pay a USD 5.5m penalty
  • The United States Department from the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Bitcoin (BTC) mixer Blender, that they have to say is utilized by North Korea to “support its malicious cyber activities and cash-washing of stolen virtual currency.” Because of this, all Blender’s property in america is blocked and should be reported to OFAC.
  • Chinese crypto mining hardware maker Canaan disclosed it’s belong to the gaze from the SEC because of its ties to Beijing. The problem at hands was Canaan’s utilization of an auditor because of its 2021 annual are convinced that the united states Public Company Accounting Oversight Board couldn’t fully inspect or investigate, and the organization must file documentation using the SEC to demonstrate that it’s not “owned or controlled” with a foreign government, they stated.
  • The Central Bank from the Argentine Republic announced it has barred banks in the united states from facilitating for clients using cryptoassets. The statement states banks are prohibited from offering services for just about any digital assets not controlled through the central bank, and because there are presently no digital assets thus controlled, the move comes down to a de facto ban.

Decentralization news

  • Social networking Twitter’s decentralized social networking project Bluesky has released its first batch of code and dedicated to content moderation around the network. As the platform is going to be decentralized, Bluesky outlined that it’s “not possible to possess a functional social networking without moderation,” and promises to develop a moderation model for that network dubbed “speech and achieve.”

Investments news

  • Investment capital firm Sfermion is raising USD 100m for any new fund which will purchase non-fungible tokens (NFTs) you can use in crypto games, Bloomberg reported.
  • Asset management firm Valkyrie’s XBTO Bitcoin Futures Fund has received approval in the SEC.
  • Financial services firm Block announced it’d total internet revenue of USD 3.96bn within the first quarter of 2022, lower 22% year-over-year, driven
    by home loan business bitcoin revenue. BTC revenue was USD 1.73bn within this period, lower 51% year-over-year. Bitcoin gross profit was USD 43m, or roughly 3% of BTC revenue, they added.
  • Blockchain gaming platform Cometh elevated USD 10m inside a funding round to build up future games and blockchain software. The funding round was brought by investment capital firm White-colored Star Capital and decentralized autonomous organization (DAO) Stake Capital.
  • NFT protocol Zora announced it’s elevated USD 50m inside a funding round brought by Haun Ventures, valuing it at USD 600m. They added that this is actually the first fundraiser round brought through the fund began by Katie Haun, formerly of Andreessen Horowitz (a16z).

Security news

  • NFT marketplace OpenSea announced that the attacker published malicious links in a number of of the Discord channels, however that the attack had “limited impact”, with under 10 wallets impacted and also the stolen products not exceeding ETH 10 (USD 27,000).

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