Large SHIBA INU transactions rise to almost $390 million
According to the data provided by analytics firm IntoTheBlock , the volume of large SHIBA INU transactions that exceed $100,000 has reached almost $390 million, which constitutes 81% of the total on-chain volume.
At the same time, as noted by WhaleStats, SHIB returned to the top 10 most purchased tokens and most used smart contracts among the 1,000 biggest ETH wallets.
Hungary’s Central Bank Head calls on EU to ban crypto mining and trading
In a press conference on February 11th, the chief of Hungary’s national bank György Matolcsy said he supports banning crypto trading and mining in the European Union (EU) on the grounds that it could “service illegal activities and tend to build up financial pyramids.”
Ripple partners with Digital Euro Think Tank
Ripple has joined the Digital Euro Association (DEA) to provide input on the design of central bank digital currencies (CBDCs).
Digital Euro Association Chairman Jonas Gross suggested that the partnership will largely involve the exchange of knowledge and joint educational efforts around digital currencies.
Dogecoin profitability returns back above 50%
The profitability of Dogecoin, the top meme currency, has jumped above 50% following the recovery of the cryptocurrency market.
According to IntoTheBlock data, at least 52% of all Dogecoin holders are currently in profit while 42% of investors remain “out of the money”.
Exchange stablecoin reserve hits $27B
Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins.
Data from on-chain analytics platform CryptoQuant shows that this week, exchanges’ total stablecoin reserves passed $27 billion for the first time.
Crypto whales are buying MANA
In the past 24 hours, 1,000 wealthiest Ethereum whales have bought on average 1,500 tokens for an average total purchase price of $4,980.
MANA has also cracked the top-10 of total holdings, sitting at the ninth slot with an average quantity of 100,905 for a valuation of $331,227.
Samsung unveils crypto wallet and storage on new S22 Smartphone
South Korean electronics giant Samsung has unveiled the Samsung Wallet on its latest flagship smartphone Galaxy S22 Ultra. The wallet was touted to be able to “access and explore complex digital products” such as cryptocurrencies.
The secure payment wallet will work with the firm’s payments platform, Samsung Pay. The security is provided by Samsung’s Knox Vault platform.
Man United onboards Tezos as its official Web3 and training kit partner
Manchester United, one of the oldest soccer clubs in the world, has confirmed its partnership with blockchain firm Tezos as the official training kit and technology partner.
Manchester United aims to build a fan ecosystem expected to be based on the concept of a metaverse on the Tezos blockchain to offer personalized experiences to the fans, with the platform planning to use the native token of Tezos, XTZ.
El Salvador plans to issue first Bitcoin bond next month
Speaking on a local news program, finance minister Alejandro Zelaya said that the government is planning to have the bond ready for issuance between March 15 and March 20.
According to Zelaya, more people would have access to this new type of bond than a traditional one, as it will allow a minimum purchase of $100 and does not require going through a stockbroker.
Allbridge launches cross-Chain transfers to NEAR Protocol
Allbridge announced the integration of NEAR Protocol with Terra, Solana, and Celo ecosystems.
Following the integration, Allbridge plans to bring a number of new assets to NEAR. The bridge will launch with Terra’s LUNA and UST, Solana’s SOL, and Celo Protocol’s native tokens CELO and cUSD.