Israel’s Pro Crypto Move, Shanghai Metaverse, $ 100 Million Bitcoin Backed Credit Facility + More News

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Regulatory news The Bank of Israel (BoI) has asked local banks to accept the benefits of digital asset efforts as long as the source of the money is not linked to criminal cases, the outlet reported local The Marker. This represents a direct instruction from the BoI to all local financial institutions that they can no longer refuse to accept profits generated by crypto operations. cryptography issues. The US securities regulator defined Frayer’s work as focused on “SEC policy-making and interagency work regarding the oversight of crypto assets.” Republican US Senator Brandon Smith of Perry County, Kentucky intends to position Kentucky as a competitor in the crypto space, Weku.org outlet. If passed, one of his bills would define various terms related to cryptocurrencies in Kentucky law, affirm the monetary value of cryptocurrencies, and recognize their ownership and exchange. The other would establish specialized banks organized as corporations to manage virtual currency and other digital assets. CBNC. It contained the first mention of the metaverse, according to the report citing Chinese media reports. The document called for “encouraging the application of the metaverse in areas such as utilities, business offices, social entertainment, industrial manufacturing, production security and electronic games.” He did not set a specific timeline or goals for the research and development of the metaverse. Bitcoin Self-Mining (BTC) company Bitfarms said it has secured a $ 100 million credit facility with Galaxy Digital backed by BTC. The company said it plans to use these funds for general corporate purposes in support of their goals of achieving hash rates of 3 Exahash per second (EH / s) by March 31. 2022 and 8 EH / s by December 31, 2022. NewsBinance has been reprimanded by the Ontario Securities Commission (OSC) for telling users of its crypto trading platform that it is authorized to continue to operate in Canada when it still did not have a registration to do so. The exchange had told the watchdog that no new transactions involving residents of Ontario would take place after Dec.31, 2021, but would have canceled that engagement without notifying them, which they called ” unacceptable ”. The Indian Goods and Services Tax (GST) department has opened investigations against the WazirX crypto exchange for tax evasion worth Rs 40.5 crore ($ 5.46 million). The Indirect Tax Service says WazirX issued its own crypto-asset, WRX, but refused to pay GST on it, according to Economic Times. NFTs news The OpenSea non-fungible token (NFT) market has frozen 16 NFT Bored Ape and Mutant Ape after they were allegedly stolen yesterday from the Ross + Kramer Art Gallery in New York. In total, one Clonex, seven Mutant Ape Yacht Club and eight Bored Ape Yacht Club NFT currently valued at around 615 ETH ($ 2.28 million) were stolen. Bitcoin ATMs in January 2021, with that number now rising to just under 34,000, per Coin ATM radar data. While there has been a global level of growth for bitcoin ATMs, the vast majority of them are in the United States – around 29,000. DeFi News The total combined value of cash or assets under management (AUM ) for the use of Decentralized Autonomous Organizations (DAOs), has increased by about 40 times, from about $ 380 million in January 2021 to a peak of about $ 16 billion in mid-September, according to data of the DeepDAO DAO statistics platform. In mid-December, total assets under management fell 28.1% from peak to $ 11.5 billion.

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