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  • Russia exploring stablecoin settlements with friendly nations

    Russia exploring stablecoin settlements with friendly nations

    Russia is talking to several friendly countries about launching clearing platforms for cross-border settlements in stablecoins, according to a report from Russian news agency Tass.

    Russia’s Deputy Finance Minister Alexey Moiseyev said that Russia is currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. Russia offers mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that they are currently developing with these countries.

  • Brazilian Tax Authority registers record number of cryptocurrency statements

    Brazilian Tax Authority registers record number of cryptocurrency statements

    The Brazilian tax authority (RBF) has reported that more than one million citizens presented their cryptocurrency statements in July. Specifically, 1,336,715 citizens presented their crypto information, the highest number of people since reporting became a requirement in 2019.

    In comparison, in May 2022, only 365,000 citizens reported their cryptocurrency holdings and transactions to the RFB. This number rose to almost 800,000 in June, and then it also rose by more than 50% in July.

  • Sony Music files NFT-related trademark

    Sony Music files NFT-related trademark

    Sony Music Entertainment, a major record company, has filed for trademarks related to non-fungible tokens and the Metaverse, according to USPTO-licensed trademark attorney Mike Kondoudis.

    The music industry behemoth plans to release downloadable audio and video recordings that feature live music performances. These recordings get authenticated with the help of non-fungible tokens. Sony Music also plans music tracks in the form of NFTs, according to the filing.

  • HNT rises 46.9% after 24h

    HNT rises 46.9% after 24h

    HNT rises 46.9% after 24h

    The data shows that since falling to a relatively low level of $3.332 on Sep.7, the price of Helium (HNT) has recovered and bounced back to $5.233 this morning on Sep.8.

    With a trading volume of $74.69 million in the past 24 hours. HNT has become the second-largest asset by trading volume on the ONUS app, just behind LUNC. With these achievements, HNT is currently leading the Top Gainers on ONUS.

  • VCs pour $14.2 billion into crypto in H1 2022

    VCs pour $14.2 billion into crypto in H1 2022

    According to a newly released KPMG report on Tuesday, Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022.

    Authors of the report, including KPMG’s global leader of fintech, Anton Ruddenklau, noted the investment figures for the first half of 2022 alone were already more than double all years prior to 2021, which “highlights the growing maturity of the space and the breadth of technologies and solutions attracting investment.”

  • Singapore’s largest bank DBS to offer crypto services to 300,000 investors

    Singapore’s largest bank DBS to offer crypto services to 300,000 investors

    Singapore’s largest bank DBS to offer crypto services to 300,000 investors

    Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported.

    The leading bank received a virtual currency license from the Monetary Authority of Singapore in 2021 to offer crypto services to its clients. So far, DBS has offered the service to only 1,000 institutional clients on an invite-only basis.

  • 475 billion SHIB scooped up by whales

    475 billion SHIB scooped up by whales

    WhaleStats reported that since Monday, the top Ethereum whales had purchased $6 million in SHIB, which equals 475,435,816,164 SHIB at the current SHIB/USD exchange rate.

    On Monday, these whales held over $147 million in these canine coins. Recently, WhaleStats reported that these wallets contained $153,202,373 worth of SHIBA INU. SHIBA INU is also on the list of 10 most held assets by whales, holding fourth place thereafter USDC, USDT and stETH.

  • Lightnet Group lands $50 million to help scale Velo blockchain protocol

    Lightnet Group lands $50 million to help scale Velo blockchain protocol

    Global investment firm LDA Capital has committed $50 million to Lightnet Group – a blockchain financial technology startup, to help in building out its infrastructure.

    The fund will be used to bolster its Web 3.0 payment and blockchain ledger-based remittance services across Asia and develop the blockchain protocol of one of its tech partners, Velo Labs Technology.

  • Australian Federal Police forms cryptocurrency unit

    Australian Federal Police forms cryptocurrency unit

    The Australian Federal Police (AFP) has set up a new cryptocurrency unit, according to a report from the Australian Financial Review (AFR).

    The new unit will focus on money laundering and comes as the AFP has seen a significant uptick in crypto being used in criminal activity, Stefan Jerga, the national manager of the AFP’s criminal asset confiscation command, told AFR.

  • Almost half of SHIBA INU’s initial circulating token supply has been burned

    Almost half of SHIBA INU’s initial circulating token supply has been burned

    Since the start of September, 329.8 million SHIBA INU tokens have been burned, according to shiba-burn-tracker.com.

    SHIBA INU tokens are burned on multiple occasions daily to tackle the issue of oversupply. In total, approximately 410 trillion SHIB tokens have already been burnt from the initial supply of 1 quadrillion.