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Adoption Time

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The previous week was full of impactful news in the field of blockchain and we are happy to share our weekly news digest - “Adoption time” with you - the most important crypto-related events gathered in a single article. Coming every Monday it will help you to find out new opportunities to use your crypto, reveal fresh-released crypto-projects and share relevant adoption cases.

STEPN Has Been Hit by a DDOS Attack

The popular crypto game Stepn, which uses Solana NFTs, was hit with a number of distributed denial-of-service (DDoS) attacks this weekend, the third such occurrence in as many months.

While the team is trying to fix the app, the STERN digital sneakers have lost significant amounts of their price.

Japan’s Parliament Has Passed a Bill on Stablecoins Regulation

The upper house of Japan's parliament has just passed a landmark law clarifying the legal status of stablecoins, essentially defining them as digital money, per a Bloomberg report Friday.

The bill, initially prepared by Japan's Financial Services Agency (FSA), was first announced in December 2021 and passed Parliament in March before being approved by a majority during today’s House of Councilors plenary session.

The New York State Senate Imposed a Moratorium on Bitcoin Mining

New York is now one step closer to becoming the first state to ban crypto mining that relies on carbon-based power sources.

The news comes after the state’s lawmakers passed a bill barring new entrants from establishing operations and pausing renewals for the already existing operating permits.

Approved by the New York State Assembly in April, the Senate Bill S6486D was passed in a 36-27 win following an early morning vote on Friday.

Binance Labs Announces $500 Million Web3 Fund

Binance Labs, the investment arm of the world’s largest cryptocurrency exchange, today announced a new half-billion dollar fund. The $500 million will be invested in Web3 projects, the exchange said in a Wednesday statement. 

The fund has big backers: Internet investment capital firm DST Global and global venture capital firm Breyer Capital are both involved. 

BAYC Discord Server Was Hacked - ~200 ETH Stolen

The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker making off with 200 ETH ($360,000) worth of NFTs, according to Yuga Labs.

The hack took place after the project’s community manager, Boris Vagner, had his Discord account compromised, which the attacker then used to post phishing links in both the official BAYC and its related metaverse project called Otherside’s Discord channels.

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