Elrond announces partnership to access markets in over 200 countries
Elrond CEO Beniamin Mincu announced Elrond’s strategic partnership with Singapore-based cryptocurrency exchange MEXC Global.
In the terms of the partnership, MEXC Global will support projects in the Elrond Network ecosystem with guidance, funding, and access to new markets in more than 200 countries, including the U.S.
Crypto users in Africa grew by 2,670% in 2021
Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022.
Johnny Lyu, CEO of KuCoin claimed that “the adoption of digital assets in Africa will continue to grow exponentially,” adding that “African countries have the highest crypto adoption rate in the world, outperforming even the biggest regions such as the United States, Europe and Asia.
OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4
Over the past two weeks, the price of OCEAN has rallied 86.4% from a low of $0.40 on March 7 to a daily high of $0.748 on March 21 amid a 562% surge in its 24-hour trading volume to $321 million.
There are three main reasons for OCEAN’s price rally: the upcoming launch of Ocean v4, the addition of new projects to the Ocean protocol, thanks to the ongoing OceanDAO grant program and an expanding list of data partners that bring real-world use cases to the ecosystem.
Government of Malaysia proposes Bitcoin, crypto as legal tender
The Communications and Multimedia Ministry of Malaysia proposed today that digital currencies such as Bitcoin (BTC) should be adopted as legal tender to help the younger generation who are active users of the currency trading platforms, says Datuk Zahidi Zainul Abidin, deputy minister of the Communication Ministry of Malaysia.
The Deputy Communications and Multimedia Minister said the ministry will look into ways to increase the youth’s involvement in digital currencies as it is the future of finance. He also noted that all of these are under the purview of Bank Negara Malaysia and the Securities Commission.
Top 10 Trending Update
GMT is leading the Top Trending with 133.74k views. GMT has gained 133.77% after 1 week, officially setting a new ATH of $0.89727405 with an average trading volume of more than 520 million USD.
After announcing the listing plan on Bitfinex, ONUS climbed to 2nd place in the Top Trending with 112.95k likes. In the past 24 hours, ONUS has gained 4.38% to a price of $0.7275 with a trading volume of $378.45k. Other assets in the Top Trending include MOWA (up 40.95%), FALCONS (up 39.55%), SPELL (up 29.41%),…
Weibo launches NFT marketplace, allowing users to mint posts
Weibo, a social media platform known as the Chinese equivalent of Twitter with 249 million daily active users, launched its non-fungible token (NFT) marketplace TopHolder on Thursday, allowing users to mint their original posts into NFTs and sell them.
Users will need to pass an internal KYC verification process before participating in minting and selling NFTs on TopHolder. Participants are subject to penalties if their NFTs are found to be plagiarized from other users.
Russia and China establishing interaction of financial messaging systems outside SWIFT
The Bank of Russia and the People’s Bank of China are working to integrate the Russian and Chinese financial messaging systems, bypassing the global interbank payment system SWIFT, Chairman of the State Duma’s (lower house) Financial Markets Committee Anatoly Aksakov announced.
Anatoly Aksakov informed attendees at the latest press conference that the Russian central financial institution is operating on interactive options that could let Russia’s SPFS payment program connect to the Chinese CIPS.
FTX launches crypto exchange services in Australia
Major cryptocurrency exchange FTX has formally set up shop in Australia following its acquisition of a major financial license in the country.
FTX’s offering in Australia will include a comprehensive suite of exchange and OTC-based products and services, as well as derivatives.
Ethereum reserves on exchanges hit 3-year low
According to data released by Glassnode, although it has only been nearly 3 months in 2022, nearly 550,000 ETH, worth about 1.61 billion USD, is leaving exchanges.
This massive retracement has reduced Ethereum’s net balance on the exchange to 21.72 million ETH, the lowest level since September 2018, signaling a strong signal that investors intend to hold Ethereum as they hope that the price will rise in 2022.
ALTAVA Group partners with the Sandbox to launch exclusive NFT collection
ALTAVA Group announced the partnership with the Sandbox to launch exclusive NFT collection for both metaverse. The NFT collection will leverage ALTAVA’s experience of digitizing and tokenizing assets for high-end luxury brands.
ALTAVA also purchased LAND on The Sandbox where users will be able to interact with ALTAVA’s partners, including some of the world’s most famous and sought-after fashion brands. The LAND purchase will even offer opportunities for a Luxury Fashion Town, art exhibition spaces, galleries and fairs.