SHIBA INU launches its own token burn portal to reduce circulating supply
The team behind the meme-inspired cryptocurrency SHIBA INU has announced that when a new version of the project’s decentralized exchange ShibaSwap launches, it will include a token burning portal that is set to help the cryptocurrency’s community burn tokens in an effort to reduce its circulating supply.
Brazil moves to regulate local crypto market
The Brazilian Senate’s Economic Affairs Committee unanimously approved the crypto bill. If the bill successfully passes through National Congress, President Jair Bolsonaro will consider signing the legislation into law.
Regulatory clarity would help curb crimes associated with crypto assets. The intention of the project is to curb or restrict illegal practices, such as money laundering, tax evasion, and many other crimes.
Long-term Cardano holders hit a multi-year high
Into The Block data indicates that the wallet balance held by long-term Cardano holders hit a multi-year high on February 23. These hodlers increased their positions to $10.12 billion ADA, the largest balance since December 11, 2019.
Top 10 Daily Gainers – Web3 Section
GLM, the utility token of the Golem ecosystem, grew by 62.59% after 24 hours. This asset has gained 73.97% in 1 week and up 86.59% in just one month.
These outstanding achievements have propelled GLM above the competition to climb to the top of the most bullish Web3 assets and the Top Gainers on ONUS. Other Web3 tokens also made the list, including HIVE (up 15.87%), RNDR (up 12.56%), BICO (up 10.41%),…
Crypto exchange FTX gives cash to Ukrainians on its platform
Sam Bankman-Fried — the founder of cryptocurrency exchange FTX, announced that the exchange had given $25 to each Ukrainian registered on the platform.
This is the crypto community’s global latest move to show solidarity with the Ukraine fight against the Russian attack that started on the 24th of February.
VOXEL rallied after launching its marketplace
Data from TradingView shows that after hitting a low of $0.90 on Feb. 22, VOXEL, the native utility currency of Voxie Tactics price spiked 25.75% to a daily high of $1.42 on Feb. 25 with a trading volume of 178 million USD.
The turn of fortune for VOXEL comes as the protocol announced the Feb. 26 launch of the Voxie Tactics marketplace which will allow users participating in the game’s beta launch to buy or sell items for gameplay.
15.43 million SHIBA INU burned in past 24h
As reported by Shibburn, in the last 24 hours, there have been a total of 15.43 million SHIB tokens burned.
SHIBA INU has gained 9.34% in the last 24 hours and is trading at $0.0000238. At press-time, SHIB remains on spot 14 on the CoinMarketCap scale with a market capitalization of $13,131,531,669.
MATIC and LINK enter list of most wanted crypto
WhaleStats data aggregator has spotted three hefty crypto transactions made by three of the top 1,000 Ethereum whales. The first investor acquired 2,700,000 MATIC worth $3,483,000, the second whale has bought 896,990 MATIC – the equivalent of $1,336,515. The third transaction carried 99,990 LINK, which comprises $1,364,863.
According to the WhaleStats website, over the past 24 hours, MATIC and LINK have been on the list of the top 10 purchased cryptocurrencies.
US Bitcoin miners expanding operations despite price volatility
Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoin’s (BTC) three-month downturn.
The Marathon Digital Holdings and GEM Mining companies in the U.S. announced this week that they each expect the size of their respective operations to grow through 2022 by at least doubling the number of machines at their facilities.
Chainlink number of “hodlers” reaches fresh highs despite price declines
The on-chain analytics data provider notes that despite the price slump, the number of ”hodlers” (Chainlink addresses that have held for more than a year) has increased.
Presently, 279,440 addresses are now holding Chainlink for over a year. This figure represents 43.9% of the total holder composition, IntoTheBlock notes.