DeFi platform Aave launches version 3v
Aave, one of the largest lending platforms in decentralized finance (DeFi) announced the launch of Aave v3 across six different blockchains including Polygon, Fantom, Avalanche, Arbitrum, Optimism and Harmony.
According to Aave founder Stani Kulechov, v3 will feature a range of new functionalities and mechanisms designed to improve user experience, risk management and capital efficiency.
South Korea’s incoming president aims to turn the country into crypto hub
Yoon Suk-yeol – South Korea’s new president – promised he will allow initial coin offerings (ICOs) and impose friendly crypto taxation rules.
South Korea’s newly elected president – Yoon Suk-yeol – displayed a pro-crypto stance during his campaign. The president promised he will allow initial coin offerings (ICOs), impose friendly crypto taxation rules and increase the minimum threshold for paying capital gains tax on profits from digital asset investments.
Banking giant HSBC partners with metaverse firm The Sandbox
In a press release Wednesday, the British banking giant announced that it has acquired virtual real estate in The Sandbox, one of the leading metaverse games in the crypto space, to connect and engage with a global audience of sports, esports and gaming enthusiasts.
Suresh Balaji, HSBC’s chief marketing officer, said the bank aims to create innovative brand experiences with this move.
Bitcoin sustains $41,000 after expected Fed rate hike
After an initial dip, Bitcoin and Ethereum rebounded shortly after the Federal Reserve raised a key benchmark rate by a quarter-point as widely anticipated to help combat inflation.
Bitcoin is changing hands above $41,000, but still remains 8% below where it traded a month prior and is 41% off its all-time high of $69,000 per unit in November. Ethereum, the second-largest cryptocurrency by market value, is trading at $2,747. That’s still off by 12% from its level one month ago and 43% from its 2021 November peak.
Top 10 Daily Gainers – Metaverse Category
GMT, the governance token of the Move-2-Earn STEPN application, is currently leading this category with a 79.11% growth and a trading volume of 908.24 million USD.
Other potential Metaverse projects include SAND (up 18.67%), MANA (up 9.32%), ATLAS (up 8.36%),…
Bored Ape startup plans virtual land sales, APECoin token to kickstart metaverse gaming project
Yuga Labs, the business behind the heavily hyped Bored Ape Yacht Club NFT collection, is hoping to raise hundreds of millions of dollars by selling off virtual plots of land to build a gaming-focused metaverse named MetaRPG that will be compatible with a host of NFTs.
There will be a system — described as an “in-game app store” — that will allow players to create characters using NFTs they own or from scratch, outfit them, and use them in games. Another crucial component of the proposed world is currency, which Yuga will provide in the form of a much-rumoured token named APECoin.
BTC whales accumulate while medium-sized addresses fall
According to Glassnode, the total number of non-zero BTC addresses has been increasing since March 2018 after the sharp sell-off that began in December 2017.
Small addresses and large addresses have shown a very constant increase over the past two years. However, medium-sized accounts are showing a gradual decrease since 2017.
Luna Foundation Guard greenlights another 4 million LUNA
The Luna Foundation Guard (LFG) announced on Tuesday that the organization’s council has voted to burn an additional 4 million of Terra’s native token LUNA.
According to the announcement, the burn will allow the LFG to mint around 372 million in UST. The so-called UST functions as an algorithmic stablecoin pegged to the price of the US dollar.
Ethereum “merge” successfully takes place on Kiln testnet
On Mar.14, Ethereum developer Tim Beiko confirmed that Kiln has gone live and will soon be ready to merge with the Beacon Chain in a Monday tweet. The testnet launched late last week in proof-of-work (PoW) mode only.
Kiln is now operating in a PoW testing environment for Ethereum developers, node operators and stakers. It is the final public testnet before the whole network transitions to proof-of-stake (PoS) from PoW sometime this year.
Enjin’s Efinity becomes the first NFT parachain on Polkadot
Enjin announced launching Efinity, the first-ever NFT parachain on the Polkadot network. This is an NFT project that won Polkadot’s last parachain auction for 2021 with a fundraiser of over $214 million worth of DOT.
Efinity announced that one of the projects it will integrate will be CryptoBlades, a play-to-earn NFT RPG which has over 1.1 million active uses.