Russia to legalize cryptocurrency as means of payment ‘sooner or later’
Russia will sooner or later legalize cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday, suggesting that the government and central bank may be moving closer to settling their differences.
Manturov said regulations for the use of cryptocurrencies would in the first instance be formulated by the central bank, and then by the government.
After the $623 million hack, Axie Infinity’s discord bot gets compromised
In a tweet today, Axie Infinity stated that the MEE6 bot which was installed on their main Axie server was compromised. MEE6 is a discord bot that is used by many crypto projects for automating tasks and messages.
According to the investigation, the hacker used the MEE6 and added fake permissions to a fake Jiho account, after which fake announcements regarding a mint were posted on the channels. Soon after, the MEE6 bot was removed, and the fake messages were deleted. Still, as per one user, their NFT and domain were already stolen.
Aave’s decentralized social media platform arrives on Polygon
Lens Protocol, an open, composable Web 3 social media protocol allowing users to create NFT-based profiles that can store posts, publications and follower history, was launched on the Polygon blockchain mainnet on Wednesday.
Polygon enables faster, cheaper, and less energy-intensive transactions than Ethereum’s own mainnet, making it more viable for a social network built around a potentially large number of NFT assets.
Bitcoin shows signs of bottoming per these two metrics
The cryptocurrency market remains down from peak levels, despite yesterday’s short-lived bounce. Amid the prevalent fear on the crypto market, the Cryptocurrency Fear and Greed Index fell to 8 on May 17th, which marks dire “extreme fear” levels.
According to on-chain analytics platform Santiment, Bitcoin’s idle addresses have become more active this past week, resulting in a spike in the Age Consumed. Typically, when Age Consumed spikes occur during price declines, it infers that weak hands are exiting positions.
ApeCoin DAO can move from Ethereum to Avalanche or Flow
Following the painful outage caused by the “Otherside” metaverse land sale event, which wiped out more than $10 million in transaction fees, ApeCoin DAO board members are listening and discussing the possibility of switching ApeCoin (APE) from Ethereum to another chain.
According to sources, the two blockchains targeted by Yuga Labs are Avalanche and Flow, both of which have proven to be excellent prospects for integrating into Yuga’s massive NFT ecosystem.
California considers lifting ban on crypto donations for political campaigns
California’s state regulator – the Fair Political Practice Commission (FPPC) – banning the use of cryptocurrencies for political campaign donations after four years will consider allowing them.
This move was done after California Governor Gavin Newsom issued an executive order on cryptocurrencies to provide greater investor protection and explores how digital assets and underlying blockchain technology can be incorporated with California businesses.
OpenOcean announced the aggregation of Aurora
Finally, OpenOcean announce the aggregation of Aurora, a project built on the NEAR blockchain providing Ethereum compatibility with layer-2 like speed and scalability.
Firstly, they have onboarded several major liquidity sources on Aurora: Trisolaris, WannaSwap, NearPad, Synapse, DODO, AuroraSwap, Amaterasu, Frax Finance, and then, Rose. Open Ocean helps users find the best swap rates across 16 blockchains with 145+ liquidity sources on one site.
Top 10 Daily Gainers
DIA, the governance token of the DIA ecosystem is gaining 103.67% after 24h. DIA’s trading volume reached $59.54 million, 9 times higher than the average trading volume of the previous 10 days.
Based on the weekly price, DIA has gained 153.23%. With these achievements, DIA is currently leading the Top 10 Daily Gainers on ONUS. Following closely behind are SURV (up 79.84%), RACEFI (up 50.29%), H3RO3S (up 48.89%),…
Polygon (MATIC) releases Nightfall mainnet beta
Polygon (MATIC) has partnered with professional services powerhouse EY to release a mainnet beta version of Nightfall, a Layer 2 Ethereum blockchain using Optimistic Rollup for lowering costs and attaining privacy.
Taking a hybrid approach to scale, Polygon Nightfall aims to provide security, confidentiality, and efficiency for enterprise blockchains.
Japan’s largest investment bank sets up cryptocurrency subsidiary
Japan’s largest investment bank Nomura will launch a new company to help institutional clients diversify their portfolios into cryptocurrencies, including in the DeFi and NFT sectors.
According to people familiar with the company’s plans, Nomura also has the ambition to own a chain of cryptocurrency-intensive subsidiaries under the control of the newly formed organization with a size of up to about 100 employees by the end of 2024.