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A report released this week by Google indicates that a majority of recently attacked accounts on its Google Cloud Platform service were used to mine cryptocurrency.

The post Hacked cloud accounts are being used to mine crypto, says Google appeared first on The Block.

A trio of political parties in Germany struck an agreement this week that will see them assemble a national governing coalition. Part of that agreement, according to the German-language text, includes a call for European countries to work together to monitor activities in the crypto sector.

The post Germany’s new ruling coalition calls for ‘joint European supervision’ of crypto in ruling agreement appeared first on The Block.

Quick Take

• This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds
• The metaverse frenzy, which Facebook helped unleash, started to spill over to virtual world projects
• Investigating the current trends in blockchain gaming unearthed different types of games, which range from rudimentary experiments to premium AAA productions

Celsius Network said it has suspended an “employee” amid rumors of its CFO Yaron Shalem’s arrest in Israel.

The post Celsius says ’employee’ suspended amid rumors of CFO arrest in Israel appeared first on The Block.

The US Department of Veterans Affairs has laid out some specific areas that blockchain tech could be applied to its services.  According to a presolicitation notice published on November 26, the VA identified several areas in which the technology could be applied to its services. A presolicitation typically means that a government agency is probing […]

The post Department of Veterans Affairs seeks contractor info on blockchain use for data sharing, supply chain optimizing appeared first on The Block.

Bank of Tanzania, the country’s central bank, has begun the process of launching its own digital currency.

The post Tanzania has begun preparations to launch its own central bank digital currency appeared first on The Block.

Crypto firm DappRadar has announced plans to launch its own native token called radar to decentralize operations.

The post Crypto data firm DappRadar set to launch its own token appeared first on The Block.

Quick Take

• The play-to-earn (P2E) model reshapes the gaming industry by transforming the conventional one-way interaction between players and the game into a two-way relationship.
  
• The proliferation of P2E guilds is paving the way for the eSports industry’s future landscape. Also known as GameFi DAO, they increasingly serve as entry points for players to the metaverse, including the DeFi industry.
• As P2E games and guilds grow, we will see a greater emphasis on examining governance models. As a result, a faster iteration loop is possible within the gaming realm. Building a game is similar to building a nation where the economic setting is imperative to ensure the sustainability of a game’s ecosystem. 

China’s internet censorship machine has expanded to include crypto media outlets and mining pools following its crackdown on mining in May.

The post China’s crypto censorship reaches over news outlets and mining pools appeared first on The Block.

Quick Take

• Francesco Simoneschi’s TrueLayer is an open banking infrastructure startup used by the likes of Monzo, Revolut and Starling.
• In the wake of its funding round, Simoneschi is now toying with how open banking can iron out the crypto onboarding process.