Coinbase Registers With the Central Bank of Spain

Hi NoRamp Community,

Gucci's Milan Fashion Week Show Debuts on Roblox and Zepeto. Coinbase registers with the Central Bank of Spain. OpenSea suffers a security breach.

Gucci’s Fashion Week Show in the Metaverse:

Gucci's new creative director, Sabato de Sarno, showcased his much-anticipated collection at Milan Fashion Week, and now the luxury brand has launched a metaverse version of the show accessible on various platforms.

Titled "Ancora," the collection encapsulates themes of life's joys, human connection, and inclusivity, with everyone welcome. This virtual show is available on gaming platforms such as Roblox, Zepeto, and QQ, signifying Gucci's commitment to inclusiveness in the digital sphere. Despite a real-world venue shift due to heavy rainfall, the digital version proceeded without hitches. Roblox's Gucci Town, rebranded as Gucci Ancora, lets players experience the show virtually set in Milan's Brera district, complete with interactive features, quests, and hidden content.

While Gucci's Roblox association began in 2021 with a virtual handbag sale, its popularity has grown, with resale prices skyrocketing. Both Zepeto and QQ also offer special Gucci experiences related to the Ancora collection. Gucci emphasizes a "Digital First" approach in its operations, partnering with gaming platforms and delving into the NFT space, collaborating with notable digital artists and auction houses.

Coinbase Completes Registration With Central Bank of Spain:

Coinbase has successfully registered as a cryptocurrency exchange with Spain's Central Bank. This mandatory registration aligns with Spain's efforts to regulate and ensure anti-money laundering compliance within the crypto sector.

Following this approval, Coinbase will expand its offerings in Spain, allowing both retail and institutional users to access a wide range of services, including crypto asset custody, trading, and conversions between cryptocurrencies and fiat currencies.

Coinbase is proactively seeking similar registrations in various countries, striving to offer innovative, accessible, and reliable crypto services on a global scale. The company also emphasized the significance of the EU's recent adoption of the Markets in Crypto Assets Regulation (MiCA), which underscores the growing recognition and potential of crypto technology in the European region. This registration with the Bank of Spain is likely a stepping stone for Coinbase's further expansion in Europe.

OpenSea Security Breach:

OpenSea has issued an advisory to some of its users, urging them to update their API keys due to a security breach experienced by one of its third-party vendors. This incident might have exposed user-specific API key details, according to an email the company sent to its user base.

To counter the security threat, OpenSea has recommended its users to discontinue the use of their existing API keys and adopt new ones. The existing keys are scheduled to become obsolete by October 2. The platform emphasized that while this breach might not directly affect user interactions with the service, there might be implications for their usage frequency and thresholds because of unauthorized third-party access. OpenSea clarified that the renewed API keys will maintain the same rights and restrictions as their predecessors.

Details regarding the magnitude of the breach or the range of data potentially exposed remain undisclosed. This incident comes on the heels of a security lapse at a third-party vendor of Nansen, resulting in the leakage of certain user information, including blockchain addresses and email details. This vendor also serves multiple Fortune 500 firms, according to Nansen.

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