Singapore tightens regulations on crypto
Singapore on Tuesday passed a law requiring virtual asset service providers to be licensed if they do business overseas, according to Bloomberg.
The new legislation is an attempt by The Monetary Authority of Singapore (MAS) to ensure that it has adequate supervisory oversight over such service providers and restrict illegal practices, such as money laundering and counter-terrorism financing.
Ethereum L2 Boba Network valued at $1.5 billion following Series A
Boba Network, an Ethereum Layer 2 scaling solution, has raised $45 million in a Series A funding round at a $1.5 billion valuation.
The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.
Dogecoin rallies again after Elon Musk joins Twitter board
Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest shareholder in the company.
Dogecoin (DOGE) is up 8%, following Twitter’s (TWTR) announcement of Elon Musk as the newest member of its board of directors.
FTX US invests in IEX stock exchange to launch digital securities
Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange.
FTX US announced that the firm has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities.
Bitcoin of America adds SHIBA INU to its crypto ATMs
Popular cryptocurrency ATM operator Bitcoin of America has added meme cryptocurrency SHIBA INU (SHIB) to the list of available cryptocurrencies, according to a Monday press release.
The kiosks allow buying and selling Bitcoin as well as several altcoins, including Dogecoin.
Top 10 Daily Gainers
Only 14h after being listed, ANM, the token of Animverse ecosystem, has become the leading asset in the Top Gainers and Top Trending on ONUS with 466.67 thousand views.
The current price of ANM is $0.09464264, 4 times higher than the Launchpad price. Following behind are MOWA (up 86.99%), TROY (up 27.48%), BOBA (up 15.42%),…
MicroStrategy buys another $190 million worth of Bitcoin
Business intelligence firm MicroStrategy has acquired another $190.5 million (4,167 Bitcoins) worth of Bitcoin over the period between Feb. 15 and Apr. 4. MicroStrategy’s average purchase price currently stands at $30,700.
The Michael Saylor-helmed company has spent nearly $4 billion on purchasing Bitcoin since adopting the flagship cryptocurrency as its primary treasury reserve asset in April 2020. The total number of Bitcoins held by MicroStrategy now stands at 129,218 (roughly $6 billion).
Crypto funds draw inflows for second straight week
Digital-asset funds saw $179.8 million of net inflows in the seven days through April 1, according to a CoinShares report published Monday. Bitcoin was responsible for the majority of inflows last week, bringing in $144 million in 1 week.
Additionally, BTC supply on leading crypto trading platforms has been in a downtrend since March 2020. Further, Glassnode’s recent data shows that BTC exchange outflows have reached a level of 96,200 Bitcoin per month.
Mines of Dalarnia announces mainnet launch
The Mines of Dalarnia team announced that Mines of Dalarnia will launch on the mainnet on April 26. In addition, Mines of Dalarnia also announced the details of their third Mining Plot sale which contains 2620 plots. This will be the final land sale before the mainnet launch.
DAR, the native token of the Mines of Dalarnia ecosystem, reacted positively to the news, has gained 41.36% after 24 hours and is trading at $1.54.
Axie Infinity daily active users drop 45% since 2021 peak
The game’s daily active users peaked in November, but fell 45% to 1.48 million by March 28, 2022, according to recent data from Sky Mavis, approximately a day before the 600M hack.
AXS, the token of Axie Infinity, has decreased by 2.11% after 24h and is trading at 64.64 USD.