The U.S. Securities and Exchange Commission (SEC) has reportedly asked a federal judge to impose a staggering $2 billion in fines and penalties against Ripple Labs, a move that has been described as an attempt to “punish and intimidate” the blockchain firm and the wider crypto industry.
The crypto game Pixels has driven a 700% surge in user growth on the Ronin blockchain this year, reigniting the play-to-earn gaming narrative. Ronin’s expansion outpaces other rising blockchains like Solana and TON as Pixels attracts over 1.25 million unique players in the last month alone.
KuCoin has achieved a significant milestone by becoming the first global cryptocurrency exchange to be compliant with India’s Financial Intelligence Unit (FIU), reinforcing its commitment to user security and advancing crypto adoption in the Indian market.
In a playful move, a developer uploaded the entire Bee Movie script to the Ethereum network just 13 minutes after the launch of Ethereum’s Dencun upgrade, taking advantage of the reduced data costs brought about by the new upgrade.
The BRICS nations (Brazil, Russia, India, China, and South Africa) are collaborating on developing a blockchain-based payment system to facilitate trade settlements among members. This initiative aims to reduce reliance on the U.S. dollar and promote de-dollarization in international transactions.
Sony’s latest patent application reveals plans for “super-fungible tokens” – bundles of unique in-game assets tokenized as NFTs – that could allow PlayStation gamers to truly own and transfer their digital assets across games and platforms. This move signals a potential shift towards blockchain gaming adoption by one of the industry’s giants.
Solana (SOL) jumped over 7% to become the 4th biggest cryptocurrency by market cap as it climbed above $140 amid Bitcoin’s latest rally toward a new all-time high price.
The BRICS group is working to create an independent payment system based on digital currencies and blockchain technology. This move aims to increase the role of BRICS in the international monetary system and reduce reliance on the US dollar for settlements.
The messaging app Telegram will split ad profits 50/50 with channel owners starting in March, using TON blockchain and its token Toncoin for seamless crypto payouts.
The Supreme People’s Procuratorate of China is intensifying efforts to combat cybercrimes by targeting criminals using blockchain and metaverse projects, who are increasingly employing cryptocurrencies for money laundering.
