China to extend CBDC trial to most populous province
China’s central bank is to extend the trial of its e-CNY digital currency to four major provinces including Guangdong, the most populous, the South China Morning Post (SCMP) reported Tuesday. The People’s Bank of China (PBOC) will also add Jiangsu, Hebei and Sichuan to the trial.
As of October last year, around 140 million people had opened e-CNY wallets, and transactions worth 62 billion yuan ($9 billion) were carried out.
Nasdaq starts crypto custody service for institutional clients
Nasdaq (NDAQ), the second-largest U.S. stock market operator, is starting a cryptocurrency custody service as it aims to cash in on the demand from institutional crypto investors, according to a press release on Tuesday.
“Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth,” Tal Cohen, head of North American markets at Nasdaq, said in the release.
My Neighbor Alice announces a new partnership with the ELLE brand
On September 20, My Neighbor Alice announced a multi-year licensing partnership with the Lagardère Group, the owner of the ELLE lifestyle brand. Through the partnership, gamers in My Neighbor Alice will be able to participate in ELLE-branded experiences and quests.
The partnership also serves as an important example and exploration of how brands can establish themselves in the Web3 metaverse, and will open the door to unique gameplay experiences for the game’s users.
US legislation would temporarily ban algorithmic stablecoins like Terra
Bloomberg, which obtained a copy of the proposed stablecoin bill, reported that stablecoin legislation being drafted in the House would place a two-year ban on crypto coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year.
It would be illegal to issue or create ‘endogenously collateralized stablecoins’ that rely solely on the value of another digital asset from the same creator to maintain their fixed price.
Nova Labs inks agreement with T-Mobile to cover 5G dead spots in Helium Network
Nova Labs, the company behind the crypto-powered wireless network Helium, said subscribers will get U.S. nationwide 5G coverage through a new five-year agreement with cellular giant T-Mobile.
Under the deal, Nova Labs also will be able to offer mobile products and services that use both networks, according to a press release. Terms of the agreement weren’t disclosed.
MicroStrategy buys 301 more Bitcoins, now holds almost 130,000
MicroStrategy (MSTR) bought 301 Bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million, according to a filing with the U.S. Securities and Exchange Commission on Tuesday.
The software company that was co-founded by entrepreneur and crypto advocate Michael Saylor bought the world’s largest cryptocurrency at an average price of $19,851 per coin, the filing said. It now has almost 130,000 Bitcoins, acquiring them for a total price of $3.98 billion, or $30,639 per coin.
SHIBA INU game launches on Play Store in Australia
Shiba Eternity, Shiba Inu’s much-anticipated game, is now available for users on the PlayStore in Australia, according to a Monday announcement.
Prior to that, the game was successfully tested in Vietnam. As reported by U.Today, the game became a hit in the country, which prompted the developers to boost the capacity of servers fifty-fold.
Top 10 Daily Gainers
WHALE, the native token of the WHALE ecosystem, has thrived by more than 71% with a trading volume of $175.96 thousand in the past 24 hours.
With these achievements, WHALE has surpassed other competitors to become the leading asset in the Top Gainers on ONUS. Following are EPX (up 18.18%), ALEPH (up 13.56%), MDX (up 12.14%),…
Whale accumulated more than 28 million DOGE
According to Whale Alert, in the last 24 hours, 28,235,274 DOGE was transferred from an unknown wallet to a Top 20 wallet. This amount of DOGE is worth $1,621,891.
Binance says it is winning crypto clients thanks to inflation
Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies without disclosing numbers.
Maximiliano Hinz, the head of Binance in Latin America, pointed to the example of Argentina, where annual inflation is at 90%. The country has grown into one of the company’s top markets, he said, together with Brazil and Mexico. Argentina saw citizens pour savings into bitcoin this year despite a crash in cryptocurrency prices.