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  • Japanese bank Sumitomo Mitsui Trust to establish Digital Asset Custodian

    Japanese bank Sumitomo Mitsui Trust to establish Digital Asset Custodian

    Japanese bank Sumitomo Mitsui Trust will form a new company to offer digital asset custody services to institutional investors, according to a report by Nikkei Asia.

    Named the Japan Digital Asset Trust, the company will target institutional investors perturbed by the risk of cryptocurrency theft. The decision to create the unit comes after an announcement earlier this month from Japanese rival Nomura (NMR) that it is launching a subsidiary that will give institutional clients access to cryptocurrencies.

  • Cardano’s total value locked rises amid massive DeFi inflows

    Cardano’s total value locked rises amid massive DeFi inflows

    According to data from DefiLlama, the Cardano DeFi ecosystem has attracted more funds, recording a positive 24-hour change of 6.04% in its total value locked (TVL).

    Between May 19 and May 21, Cardano’s DeFi witnessed inflows of nearly $73 million. This is reflected in the surge in total value locked (TVL) from roughly $124 million on May 19 to $197 million on May 21.

  • Balenciaga is now accepting BTC and ETH payments

    Balenciaga is now accepting BTC and ETH payments

    Balenciaga is now accepting BTC and ETH payments

    The most eccentric haute couture brand, particularly famous in recent years for its unorthodox and scandalous collections, will begin accepting crypto payments, particularly in BTC and ETH.

    Crypto will be accepted at Balenciaga’s flagship stores in Los Angeles, New York and also online at the brand’s site.

  • BETA rises 103.94% after 24h

    BETA rises 103.94% after 24h

    BETA rises 103.94% after 24h

    BETA, the native token of the Beta Finance ecosystem, has witnessed a growth of 103.94% in the past 24h and is trading at $0.22602254.

    BETA’s trading volume reached $32.04 million, 4 times higher than the average trading volume of the previous 10 days. With this achievement, BETA is currently leading the Top Gainers on ONUS.

  • 22.2 billion SHIB burned within week

    22.2 billion SHIB burned within week

    Crypto burn tracker Shibburn has reported that over the past week, multiple initiatives within the SHIBA INU fan community have eliminated a total of 22,200,398,699 meme tokens, equivalent to $279,281.

    Over the last 24 hours, more than 667.2 million SHIBA INU have been burned by various businesses and individuals from the SHIB army.

  • MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

    MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

    MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

    MSP Recovery LLC, a healthcare recovery firm based in Miami, United States and valued in the region of $32.6 billion, has announced a collaborative partnership with Web3 solution Tokenology to launch a fraud-prevention blockchain platform, titled Lifechain.

    Launching on the Polygon network, the LifeChain platform is intended to help eliminate fraud, inefficiency in payments, and antiquated processes and benefit the patients, medical care providers as well as insurers.

  • Litecoin activates MimbleWimble Extension Blocks (MWEB)

    Litecoin activates MimbleWimble Extension Blocks (MWEB)

    Litecoin has finally announced the activation of Mimblewimble Extension Blocks (MWEB) more than two years after it was first introduced.

    MimbleWimble enables users to conceal transaction data with its confidentiality feature while providing a foundation for other blockchains to improve the usability of their token. The end goal is to enhance the viability of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput, and scalability.

  • Andre Cronje was spotted coding for the Fantom Foundation, FTM token reacted positively

    Andre Cronje was spotted coding for the Fantom Foundation, FTM token reacted positively

    Andre Cronje announced his exit from Fantom Foundation and the crypto space in March 2022. This announcement led the FTM token to suffer a sharp decline in value.

    As of May 21st, Andre Cronje was spotted coding for the Fantom Foundation stablecoin platform causing the FTM token to record an intraday spike of 13.1% in its price. FTM is now trading at $0.4925.

  • European Central Bank head slams crypto assets says they are ‘worth nothing’

    European Central Bank head slams crypto assets says they are ‘worth nothing’

    The president of the European Central Bank, Christine Lagarde, has made it quite clear about her position on the value of cryptocurrency assets in a recent interview.

    Speaking on the Dutch television show College Tour in an interview which will be aired on Sunday, May 22, the ECB head maintained her stance that crypto assets are extremely speculative and very dangerous investments. Lagarde also addressed the topic of monetary policy, suggesting once again that the ECB is prepared to raise interest rates in July in order to combat the galloping inflation in the eurozone.

  • Terraform Labs has no tax liabilities in Korea, Do Kwon says

    Terraform Labs has no tax liabilities in Korea, Do Kwon says

    Terraform’s Do Kwon refuted reports that the company owns nearly $100 million in taxes to the South Korean government.

    Responding to a question on the matter from a community member, Kwon said, “we have no outstanding tax liabilities in Korea.” He added that the local tax agency had conducted a tax audit, but his company had “paid in full.”