News.

Fraud.

A San Diego federal grand jury accused BitConnect project founder Satish Kumbhani of fraud worth $2.4 billion using the Ponzi scheme. This was reported by the US Department of Justice.

According to court documents, Kumbhani, along with accomplices, promised investors a significant guaranteed yield through trading in the volatile cryptocurrency market.

The project BitConnect worked according to the Ponzi scheme, paying earlier depositors the money of later participants in the project, the indictment says. In total, Kumbhani and accomplices allegedly received about $2.4 billion from investors.

NFT.

Rakuten announced the launch of the NFT marketplace Rakuten NFT. The Japanese e-commerce giant explained this step by the growing adoption of cryptocurrencies in the country.

The platform will provide users with the opportunity (from 2023, including peer-to-peer) to buy and sell tokens in various areas - from sports and entertainment to music and anime.

NFT.

The NFT marketplace OpenSea warned that some features may not be available in the final stage of migration to a new smart contract.

In particular:

• Users will not be able to see migrated active items from the listing
• minimum prices may not be reflected

NFT.

Luxury NFT marketplace UNXD together with GameFi project Decentraland announced members of Metaverse Fashion Week. It is reported by Vogue Business.

Dolce & Gabbana, Paco Rabanne, Tommy Hilfiger, Jacob & Co, Elie Saab, Etro, Dundas, Nicholas Kirkwood, Cavalli, Axel Arigatas will visit the first week of fashion in the metaverse

On March 24-27, participants in the event will be able to demonstrate their virtual fashion collections on the catwalk, buy outfits for avatars and join the party after the show.