Sky Mavis recovers $5.7M from Ronin Bridge hack
Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.
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IOHK partners with Ethiopian government to revamp education system
Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation. 3273 Total views 23 Total shares Input Output Hong Kong, or IOHK, is helping the government of Ethiopia leverage blockchain technology to overhaul its education system. The research and development arm behind Cardano is…

Detroit residents will be able to pay taxes with crypto from mid-2025
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.

How could the Chinese economic crisis impact Bitcoin and crypto?
Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market. On the latest episode of Cointelegraph’s Macro Markets, analyst Marcel Pechman explores how Turkey’s recent interest rate increase might attract hundreds of millions of new cryptocurrency investors, and how China’s looming economic crisis could affect…

US Court Orders Dark Web Drug Dealer to Forfeit $150K in Bitcoin
A United States court has ordered Christopher Bania, who recently pleaded guilty to drug distribution, to give up almost 17 Bitcoin (BTC) — worth roughly $150,000 at press time.The plea, order and sentencingPer the Oct. 19 order from a court in Wisconsin, Bania will need to forfeit “Approximately 16.91880054 Bitcoin seized from Bania’s ‘Local Bitcoins’…

Metaverse platforms refute ‘misinformation’ about daily active users
User data from DappRadar consists of metaverse users who have also made an in-game purchase with the project's native token, but the Decentraland and Sandbox projects disagree with that criteria. 333 Total views 29 Total shares

New Draft Bill Aiming to Classify Crypto Assets Introduced in US Congress
Paul Gosar, an Arizona Congressman, has introduced a draft bill, aimed at finally bringing regulatory clarity to the cryptocurrency industry in the United States, according to a Forbes article published on Dec. 19. The Crypto-Currency Act of 2020 sets out which Federal agencies should regulate each type of crypto assets.Three flavors of crypto assetOne of…

China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division
China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative.Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director at the China Securities Regulatory Commission’s (CSRC) first technology…

Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available. 166 Total views 1 Total shares The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11.…