SHIBA INU army destroys 1 billion meme tokens over last 48h
According to data shared by Shibburn, the vast SHIB army has removed almost 948.6 million SHIB from the total amount of SHIBA INU that is circulating in the market. This amount of SHIB is worth $11,058 at the current exchange rate.
Nigeria issues crypto-asset rules in a move that could boost adoption
The Securities Exchange Commission of Nigeria has published new rules relating to the issuance, exchange and custody of digital assets in the country. For starters, entities looking to offer any kind of crypto products and services in Nigeria or to Nigerians must now secure a virtual asset service provider (VASP) license.
VASPs must also employ anti-money laundering/combating the financing of terrorism (AML/CFT) standards. Overall, this development could bring legitimacy to crypto and related businesses and ultimately open new doors for crypto usage in Nigeria, which is one of the leading countries for crypto adoption globally.
Cardano whale transaction volume soars
On May 14th, Santiment analytics team noticed a spike in whale transactions on the Cardano chain, while the price dipped to the $0.40 level.
Data from Santiment showed that Cardano saw 1,085 transactions exceeding 100,000 USD in value, the largest spike since January.
Highlights of the week
$ONUS introduces auto-invest feature
Meta launches digital collectibles on $MATIC
$NEAR establishes blockchain hub in Kenya
$AURORA launches $90 million fund to finance DeFi apps
Son Tung M-TP announces cooperation with $RACA project.
New Frontier uses $ENJ NFTs to transform the tourism industry
$AVAX spend $290 million to develop the Avalanche Multiverse
$CAKE aims to reduce token Supply and increase farming rewards
More than 750,000 MATIC have been burned in just 3 months
According to Stader Polygon, more than 750,000 MATIC have been burned over the past three months. As seen on the Polygonburn website, a total of 1,642,831 MATIC have been burned so far.
Top 5 Trending Assets
In the past 24 hours, LUNA has set a new record with 1.97 million views. That is, every second, 23 people learn about LUNA on the ONUS app.
These achievements have helped LUNA surpass other competitors to become the leading asset in the Top Trendings on ONUS. UST came in second with 145.92k views, followed by ANC, BTC, and PLATO – assets that are constantly being discussed in ONUS communities.
Cardano releases new Daedalus wallet updates
Cardano’s IOHK has announced that a new version of the Daedalus wallet, Daedalus 4.10.0 for mainnet, is now available.
Daedalus 4.10.0 improves the display of unnamed native tokens and adds support for the Windows development environment, as well as fixing a pairing issue for Ledger Nano S on Windows. This release also includes various bug fixes and user interface enhancements and integrates the current version of the Cardano wallet.
Son Tung M-TP, a Vietnam top idol, announces cooperation on metaverse Radio Caca (RACA) project
Through social networking platforms, on May 12th, Son Tung M-TP officially announced to become a partner of Radio Caca, the GameFi project for the USM Metaverse ecosystem.
Radio Caca’s Twitter account also announced that Son Tung would join USM Metaverse as a celebrity. The project side said that they would release a “galactic land” for Son Tung, and a show in the metaverse will be held soon. In addition, RACA will open a Discord server exclusively for Vietnamese users.
Emirates plans to accept Bitcoin as a form of payment
UAE flag carrier Emirates plans to embrace advanced digital solutions such as blockchain, metaverse, and cryptocurrency as part of its strategy to connect with customers in a faster and more flexible way.
Emirates will start its foray into the cryptocurrency industry by soon introducing Bitcoin as a payment method. The company will also add NFT collectibles on its website for trading. As such, the airliner, headquartered in Dubai, noted that it will onboard new staff for metaverse and NFTs.
Bitcoin mining in Norway gets the green light as the proposed ban rejected
The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on Tuesday. Contrary to the political parties’ efforts, Bitcoin mining companies in Norway have thrived in recent years.
Norway now contributes as much as 1% to the global Bitcoin hash rate. According to a recent survey from Arcane Research, the number of Norwegian women that own cryptocurrency has doubled from 3% to 6% in just one year. Over the same period, male ownership increased from 6% in 2019 to 14% in 2022.