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BNB Greenfield hits testnet

The BNB Chain ecosystem is set to integrate decentralized storage solutions, with testing of its BNB Greenfield beginning on April 10.

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The BNB Chain ecosystem is set to integrate decentralized storage solutions, with testing of its BNB Greenfield beginning on April 10. 

BNB Greenfield is modeled to emulate conventional Web2 cloud storage solutions, providing fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services.

Data permission can be moved cross-chain to the BNB Smart Chain, allowing data to be turned into tradeable digital assets that can be integrated with a variety of decentralized finance, nonfungible tokens and GameFi apps on the BNB Chain.

Users can create wallets and manage data on BNB Greenfield, while developers are able to exercise control over data assets. This includes the ability to set access and conditions both manually or programmatically.

A relayer links the BNB Chain and Greenfield, which allows BNB Chain decentralized applications to integrate with Greenfield using a software development kit. The Binance ecosystem’s BNB $322 token will serve as the gas and governance token for BNB Greenfield. Validators will stake BNB, participate in network governance and earn revenue from storage fees.

Meanwhile, users create accounts, transfer BNB to manage storage resources, and use native cross-chain communication between BNB Chain and Greenfield.

The Greenfield testnet will see storage providers work with validators to facilitate the platform’s storage services. SPs are responsible for storing actual data, while validators process metadata and financial ledger information through consensus algorithms.

To become an SP, a user must deposit a service stake on the Greenfield blockchain, which is then voted for by validators through the governance process. The design aims to ensure efficient user data storage, redundancy and security. Greenfield’s proof-of-stake mechanism institutes decentralized governance of the platform.

BNB Chain senior solution architect Victor Genin said that Greenfield is now open for SPs and users to begin stress testing the service on its Congo testnet

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GameStop hints at future Bitcoin purchases following board approval

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GameStop is exploring the possibility of adding Bitcoin to its balance sheet, but any future purchases will require approval from the company’s board of directors. The move signals the gaming retailer’s continued interest in digital assets as it seeks to diversify its financial strategy.

The potential Bitcoin investment aligns with GameStop’s previous forays into the crypto space, including its NFT marketplace and blockchain gaming initiatives. However, the company has not yet committed to a specific timeline or amount for Bitcoin purchases.

Industry analysts suggest that if GameStop proceeds with Bitcoin acquisitions, it could follow in the footsteps of other publicly traded companies, such as MicroStrategy, that have adopted Bitcoin as a reserve asset. The decision could also serve as a signal to retail and institutional investors about GameStop’s long-term outlook on digital assets.

As the company awaits board approval, the broader market will be watching closely to see if GameStop makes a decisive move into Bitcoin, potentially influencing other corporations to consider similar strategies.

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SEC nominee Atkins discloses at least $327M in assets ahead of confirmation hearing

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Paul Atkins, a former commissioner of the U.S. Securities and Exchange Commission (SEC), is under scrutiny over financial disclosures related to his wife. The concerns emerged during a recent hearing, raising questions about transparency and potential conflicts of interest.

Atkins, who served at the SEC from 2002 to 2008, has been a vocal advocate for regulatory clarity in financial markets, including the cryptocurrency sector. However, lawmakers and regulators are now examining whether proper disclosures were made regarding financial assets linked to his wife.

The inquiry reflects broader concerns about ethics and accountability among financial regulators and policymakers. While Atkins has not been formally accused of wrongdoing, the situation highlights ongoing debates over financial transparency in government and regulatory agencies.

As the hearing unfolds, industry observers are closely watching for potential implications on SEC policies and oversight practices. The outcome could influence future regulatory discussions, particularly in areas where financial disclosures intersect with policymaking in traditional and digital asset markets.

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Brazil’s data watchdog upholds ban on World crypto payments

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Brazil’s data protection authority is ramping up its oversight of cryptocurrency payment platforms, reflecting growing concerns over data privacy and regulatory compliance in the digital asset sector. The move aligns with a broader global trend of increased scrutiny on crypto transactions.

The regulatory focus comes as crypto payments gain mainstream adoption in Brazil, with businesses and consumers increasingly using digital assets for everyday transactions. Authorities aim to ensure that companies handling crypto payments comply with data protection laws, safeguarding user information against misuse and security breaches.

This initiative follows global regulatory efforts to address concerns over illicit financial activities and privacy risks associated with digital currencies. While Brazil has been a leader in Latin America’s crypto adoption, regulators are working to balance innovation with consumer protection.

Industry experts believe that stricter oversight could enhance trust in the crypto sector, attracting institutional players while ensuring compliance with international standards. As regulations evolve, businesses operating in the crypto payments space will need to adapt to the changing legal landscape to maintain seamless operations.

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