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  • Global crypto regulation body likely in next year

    Global crypto regulatory body is coming soon

    Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said.

    Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin was one of the three main areas authorities were now focused on. He cited cyber security, operational resilience, and a lack of transparency in the crypto world as the key risks that regulators are lagging behind on.

  • Yellen says crypto poses no systemic risk to financial system

    Yellen says crypto poses no systemic risk to financial system

    Yellen says crypto poses no systemic risk to financial system

    During an appearance before the House Committee on Financial Services, Treasury Secretary Janet Yellen shared her concerns about stablecoins with Congress, but said crypto poses no “systemic risk” to the U.S. financial system.

    Yellen noted that financial regulators are studying the viability of a central bank digital currency, but noted that such a currency could pose a privacy risk if it allowed the government to monitor people’s spending.

  • League of Kingdoms (LoK) game introduces new-gen Play-to-Earn mechanics

    League of Kingdoms (LoK) game introduces new-gen Play-to-Earn mechanics

    To ensure a profitable and immersive gaming experience for all players, the League of Kingdoms (LoK) team introduced a novel mechanism of monetization for its Play-to-Earn design: Drago NFTs.

    Drago NFTs are set to allow League of Kingdoms (LoK) to benefit from paying the game: tokens can be traded and utilized for different in-game use cases. The Genesis collection is set to be available from May 30, 2022, together with a new in-game NFT marketplace and its core utility asset, Dragon Soul Token (DST).

  • Aurora launches $90 million fund to finance DeFi apps on Near Protocol

    Aurora launches $90 million fund to finance DeFi apps on Near Protocol

    Aurora, an EVM designed to scale decentralized applications built on the Near protocol, has launched a token fund worth $90 million. The fund was launched today in partnership with Proximity Labs and will be focused on financing DeFi applications on the Near protocol.

    Funding was provided by Aurora Labs, which allocated 25 million AURORA tokens — currently valued at roughly $90 million — from its DAO treasury to proximity labs. As a result of the funding model, Proximity Labs will now be responsible for managing the funds and providing grants to developers aiming to build DeFi Dapps on Aurora.

  • SHIBA INU becomes second-most held cryptocurrency by top-100 Ethereum wallets

    SHIBA INU becomes second-most held cryptocurrency by top-100 Ethereum wallets

    According to BeInCrypto research, SHIB has surpassed FTX Token (FTT) to become the second-most held cryptocurrency with an average amount held of approximately $9.36 million and an average token quantity of 470 billion SHIB.

    Aside from SHIB, other major assets held by the top-100 wallet addresses include but are not limited to United States Dollar Coin (USDC), FTX Token (FTT), United States Dollar Tether (USDT), Wrapped Bitcoin (WBTC), and Polygon (MATIC).

  • A high court in China is saying Bitcoin is protected by law and has economic value

    A high court in China is saying Bitcoin is protected by law and has economic value

    A high court in China is saying Bitcoin is protected by law and has economic value

    While China’s ouster of crypto miners within its borders, and various other rulings had more or less banned crypto trading and related activities in the country, the Shanghai ruling might come as a point of respite for the community.

    The ruling in question declared Bitcoin as a virtual asset that is protected by Chinese law, and has economic value. In the actual trial practice, the People’s Court has formed a unified opinion on the legal position of Bitcoin, and identified it as a virtual property.

  • Whale accumulated 110 million DOGE

    Whale accumulated 110 million DOGE

    According to Whale Alert, in the last 24 hours, 110,614,220 DOGE was transferred from an unknown wallet to an unknown wallet. This amount of Dogecoin is worth $8,497,274.

  • Top 10 Daily Gainers

    Top 10 Daily Gainers

    Top 10 Daily Gainers

    Last night, the cryptocurrency market witnessed a strong growth and an explosive trading volume. GAL, the native token of the Project Galaxy ecosystem, has grown by a whopping 94.53% after only 24h with a trading volume of 219.41 million USD.

    With these achievements, GAL is now holding the No. 1 position in the Top Gainers on the ONUS app. Following behind are FITFI (up 79.19%), PLY (up 64.58%), ASTR (up 40.49%),…

  • Whale accumulated 13 million USD BNB

    Whale accumulated 13 million USD BNB

    According to Whale Alert, in the last 24 hours, 50,303 BNB was transferred from Binance to an unknown wallet. This amount of BNB is worth $12,921,782.

  • Terra to burn $1.4 billion UST and stake 240 million LUNA to ‘stop the bleeding’

    Terra to burn $1.4 billion UST and stake 240 million LUNA to ‘stop the bleeding’

    Terraform Labs has proposed several additional “emergency actions” to save the network. They include burning all remaining UST held in Terra’s community pool, burning an additional 371 million UST currently held on Ethereum, and staking 240 million LUNA tokens to defend the network from governance attacks.

    In total, the burn should take the total amount of UST burned to 1.4 billion UST, or 11% of the outstanding UST liabilities,.