USN stablecoin goes live on NEAR Protocol
A decentralized stablecoin called USN has launched today on NEAR Protocol, a scalable Layer 1 blockchain, according to statement shared by NEAR’s DeFi arm Proximity Labs.
The USN stablecoin will pay roughly 10% annual yield from Decentral Bank. This minimum yield will come from Decentral DAO’s revenue from native staking of NEAR tokens with security validators. This staking process currently earns just about 11% return.
Vietnam belongs to the group of countries with lowest profit from Bitcoin
According to Tripple, Vietnam has about 6 million people investing in cryptocurrencies in general, among the top 11 countries with the highest percentage of population investing in cryptocurrencies.
However, a study from Invezz that carried out calculations on 23 countries combined with Chainalysis, TripleA and Worldometers data shows that countries with the more people investing BTC, the less profitable they are. Despite being one of the countries that has the highest percentage of population investing in Bitcoin, but the average return of profitable investors is only about 67 USD.
Samsung participates in series A round that raised $25 million for a metaverse startup
The South Korean electronics and smartphone maker Samsung is reported to have participated in Series A funding which raised $25 million for a Korea-based metaverse startup, Doubleme.
According to a Techinasia report, the startup will use the funds raised for product development, marketing and hiring purposes. Doubleme also aims to commercially launch a Twin World metaverse platform that supports artificial reality devices later in the year.
Dogecoin skyrockets after Musk announces acquisition of Twitter for around $44 billion
Twitter has accepted centibillionaire Elon Musk’s offer to acquire the social media giant for roughly $44 billion, according to an official press release.
The price of meme cryptocurrency soared 20.89% to an intraday high of $0.1711 and returned to the CoinMaketCap top 10 cryptocurrencies by market capitalization shortly after the announcement.
PLATO rises 36.53% after 24h
PLATO, the utility token of the Plato Farm ecosystem, is currently leading the Top Gainers on ONUS. PLATO has gained 36.53% after 24h and is trading at $0.0286, with a trading volume of $1.69 million.
BNB Chain remains industry leader
According to the Nansen study, after peaking in Q4 2021, BNB Chain saw a massive decline in its on-chain activity in early 2022.
However, Namsen noted that BNB Chain has continued to maintain its position as the industry leader and the most active blockchain network on its list. The network’s total daily transaction volume is expected to be about 3-5 times that of Ethereum.
FTX became the most held cryptocurrency by Ethereum wallets
According to WhaleStats, FTX Token (FTT) has surpassed SHIBA INU (SHIB) as the most held cryptocurrency by the top 1,000 Ethereum wallet addresses.
$1.14 billion worth of FTX is being held by the 100 biggest ETH whales on the market, while SHIBA INU is lagging behind with $1.12 billion.
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.