Bitcoin News and Finance: What You Need to Know

The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas announced on Tuesday the company is collaborating with Ready Player Me, a cross-game avatar platform for the metaverse. Adidas and Ready Player Me will launch a personality based AI generated avatar creation platform featuring the Adidas Originals’ Ozworld shoe collection. Adidas Collaborates With Ready Player Me Adidas is continuing its path into the metaverse and non-fungible token (NFT) collectibles as the firm announced it has partnered with Ready Player Me on Tuesday. Basically, Ready Player Me is a cross-application avatar platform designed specifically for the metaverse. Ready Player Me’s technology allows people to explore different virtual metaverse worlds with a single identity. The platform Adidas Originals is launching is linked to the company’s latest Ozworld shoe release. The futuristic sneakers bearing the name Ozworld were originally launched in the nineties and fe...

EverLend.app is a secured lending protocol powered by Everscale . The platform was successfully launched on the 18th of March, 2022 together with its own utility token. The platform facilitates DeFi lending by hosting funding pools with interest rates based on Everscale’s asset supply and demand algorithm. EverLend.app is a protocol where users can play the role of provider, borrower, or both, and interact with each other within the protocol to earn or pay flexible interest rates. At its core, it is a secured lending platform that charges interest on the use of funds. The platform has been in development for more than 6 months by the SVOI.dev team. Conceptually, EverLend was modeled on the market-leading Compound protocol . One of the goals in creating the project was providing end users with a simple and clear lending platform that would be comfortable to use. At the same time, the development team, together with the advisory team, revised some parameters of the original mo...

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, talked about the regulation of cryptocurrency Monday at an event hosted by the University of Pennsylvania Carey Law School. “The SEC’s remit is overseeing the capital markets,” the SEC chief began, adding that the agency has a “three-part mission: protecting investors, facilitating capital formation, and maintaining fair, orderly, and efficient markets.” Noting that the SEC is concerned about regulating crypto “platforms, stablecoins, and crypto tokens,” Gensler stressed: There’s no reason to treat the crypto market differently just because different technology is used. We should be technology-neutral. The ...

The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million from the accounts of the Ecuadorian company. Ecuadorian Police Raid Fortunario Digital Assets The Ecuadorian police and the prosecution were the main actors in an operation against a company that was allegedly making illegal collections of money. On April 2, these two organizations carried out a joint operation leading to the raid of five locations linked to the aforementioned company in Quito, the capital of the country. According to a preliminary investigation, the company scammed investors through a network of companies that offered investment services on financial platforms. The company supposedly offered operations in forex and cryptocurrency markets and offered a minimum monthly ret...

EverRise , the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed token model) and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform built with on-chain utility NFTs. The RISE token is available on Ethereum, BNB Chain, Polygon, Fantom, and Avalanche with one shared supply, made possible with EverRise’s bridging solution, EverBridge. With use of on-chain NFTs, staking contracts are now fully secured on the blockchain. Most NFTs today are stored off-chain on a centralized server, with just a serial number and redirect link on the blockchain. These on-server NFTs can be changed in the future by the contract deployer. EverRise makes full use of the public ledger and the immutability of smart contracts by securing all information needed to generate NFT Stakes via The EverRise NFT Staking Lab . Both the metadata and the i...

The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company (SPAC) deal. Primeblock will merge with a blank-check firm 10X Capital Venture Acquisition Corp. II, and the company’s shares will be listed on Nasdaq. Primeblock Reveals SPAC Merger With Plans to Be Listed on Nasdaq in the Second Half of 2022 — SEC Targets SPACs, Shell Companies, and Projections Another bitcoin mining firm is going public and will be listed on the Nasdaq stock exchange. Primeblock revealed a SPAC merger with 10X Capital and the merger should be complete by the end of Q2 2022. Primeblock will join a number of mining operations that have already gone public. Companies such as Riot Blockchain and Marathon Digital Holdings are listed on Nasdaq. The deal with 10X Capital, will bring Primeblock’s overall valuation including debt up to $1.25 billion. The company further explained during the SPAC merger announcement that it had secured $300 million in equit...

The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts regarding the proposed regulation, which might be modified before its application on June 1st. Colombian Watchdog Delays Report Resolution for Transactions The UIAF, the organization that controls and detects money-laundering and terrorism-financing activities in Colombia, has delayed a resolution that established the obligation for exchanges and individuals to report some cryptocurrency transactions. The Colombian unit will start receiving these reports on June 1, instead of when it was established before, on April 1. The exact reasons behind the delay were not specified in the document, but the new resolution that establishes the postponement states: In order to ensure that the submission of...