• German authorities seized $25 million in bitcoin as they shut down Hydra Market, saying they had closed one of the world’s largest darknet markets.
• The Singapore parliament passed a law on Tuesday that will require crypto businesses based in the city-state but only doing business overseas to be licensed, according to Bloomberg.
• The UK’s chancellor Rishi Sunak set out plans on Monday to regulate stablecoins and issue an NFT as part of a bid to position the UK as a crypto-friendly tech hub.
• Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.
• Semiconductor manufacturing titan Intel unveiled its new Bitcoin mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption.
• Cryptocurrency hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote crypto education in its virtual world.
• Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange, a U.S. national stock exchange.
• Global e-commerce platform Shopify and hardware wallet maker Ledger face a major legal hurdle as a group of Ledger users have filed a class-action lawsuit for its part in failing to prevent a massive data breach in 2020.
• The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company 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.
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