Central African Republic accepts Bitcoin as legal tender
The Central African Republic has accepted Bitcoin as a means of payment, as the country’s National Assembly unanimously voted on a bill that legalized crypto, offered a regulatory framework, and accepted Bitcoin as legal tender.
The Central African Republic’s economy is in need of some rescuing, so the country’s officials have agreed to use Bitcoin and crypto to boost the economy, along with using technology to generally digitize it.
US officials link North Korean Lazarus hackers to $625M Axie Infinity crypto theft
The U.S. Treasury Department has implicated the North Korea-backed Lazarus Group (aka Hidden Cobra) in the theft of $540 million from video game Axie Infinity’s Ronin Network last month.
CZ said that Binance recovered $5.8 million from the hacker when the money was transferred to the exchange and spread across over 86 accounts. Recently, security firm PeckShield said the hackers had laundered about 7.5% of the stolen funds and still had around 159,710 ETH – or $512 million – in the wallet.
Over 10% of Americans will own crypto by year-end
According to a forecast on the crypto industry released on April 20th by research firm Insider Intelligence, nearly 34 million Americans will own cryptocurrency by the end of the year. That equates to around 10% of the population.
The researchers predicted that the number of U.S. adults who own and use crypto for payments will double digits by 2023. It added that 3.6 million Americans would use digital assets as a payment method at some time this year.
Ukraine’s Central Bank bans crypto purchases in local currency
Ukraine’s central bank has banned the purchase of cryptocurrency using the country’s local currency. Individuals may only purchase crypto using foreign currency up to a value of 100,000 Ukrainian hryvnia ($3,400) per month, the National Bank of Ukraine said on Thursday.
Ukraine formally legalized crypto in the country last month, determining the legal status, classification, ownership and regulators of virtual assets to be regulated by the National Commission on Securities and the Stock Market.
SHIBA INU launches SHIB burning portal
The team behind one of the most popular doge-inspired memecoins – SHIBA INU – has launched a burning mechanism that allows holders to permanently destroy their tokens, reducing the circulating supply while receiving opportunities for passive income.
This effectively introduces a mechanism that allows for a reduction of the total circulating supply, making the tokens scarcer.
Top 10 Daily Losers
HAWK, the utility token of the Hawksight ecosystem, is currently losing the most value, down 27.96%. However, compared to the price of 285 VNDC at the time of ONUS listing, HAWK has gained 423.51%.
Other assets that saw a drop in value include PLATO (down 25.23%), H3RO3S (down 21.9%), RACA (down 17.07%),…
SHIB army burns 287.3 million SHIBA INU
According to Shibburn, in the past 24 hours, there have been a total of 287,321,056 SHIB tokens burned. This amount of SHIBA INU is worth 6,982 USD at the current exchange rate.
H3RO3S announced a new strategic partnership with nestfi.io
Nest.io is the world’s 1st gamified crypto social investment platform that allows the next generation to save, invest and earn more than a traditional investment product.
With this partnership, H3RO3S will create new avenues for our users to make their experience more fun and rewarding and also create a ramp to onboard new users to the world of decentralization.
ApeCoin’s Otherside Metaverse project (APE) will launch on April 30th
In March 2022, Yuga Labs, the company that develops the most popular NFT collection Bored Ape Yacht Club (BAYC) announced that it is going to launch a metaverse platform this April, called Otherside.
On April 23, Yuga Labs confirmed that Otherside will be launched on April 30th. The above news pushed the APE price to $18.21 on the morning of April 24th – the highest level since March 17th, when APE was airdropped and listed on major exchanges.
$4.2 billion in Bitcoin shoveled between unknown wallets as BTC plunges from $42,800
Six crypto transfers, carrying a total of 88,272 BTC, have been made over the past two days, comprising $4.2 billion. This jaw-dropping amount of crypto was transferred while the Bitcoin price went down 5.61%.