Indian IT Ministry Orders Crypto Exchanges to Keep User Data for 5 years | Curated CoinCodeCap #3 May 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
Our Blockshots Podcast 🎙️🎤
This week we speak to Rahul S., the CTO of Connext network, a protocol building primitives for blockchain interoperability. We discuss cross-chain bridges, multi-chain dapps, and the UX challenges of current bridging solutions.
StreamCoin Announces 200M STRM Corporate ICO Investment by TNC IT Group
StreamCoin revealed that it has secured a corporate ICO investment from blockchain consulting firm TNC IT Group. Specifically, TNC IT Group has purchased over 200 million STRM during the recently-concluded STRM public sale. Keep Reading »
Banco Galicia, Argentina’s Biggest Pvt Bank, enables Purchases of Crypto
Banco Galicia, Argentina’s largest private bank, has launched a mobile application that allows users to purchase, trade, send, and accept bitcoin. The bank announced that it had launched a function in its app’s investment area that allows users to buy bitcoin (BTC), ether (ETH), USDC, and XRP, adding that it is a new tool. Keep Reading »
The Bank of Uganda Blacklists Financial Firms on Fostering Crypto Trading
Under the National Payments Systems Act, 2020, the Bank of Uganda (BOU), Uganda’s Central Bank, has issued a warning to all licensed enterprises not to facilitate cryptocurrency transactions. Keep Reading »
Decrypt Separates from Parent Company and Raises $10M
Decrypt Studios, a Web3 studio focusing on metaverse activations, has reported its successful spinout from ConsenSys Mesh, the blockchain accelerator and incubator, after obtaining $10 million in capital on a $50 million post-money valuation. The funding comes from more than 15 investors, comprising venture capital firms Keep Reading »
Green Housing Public-Private Partnership Act Introduced to Incentivize Sustainable Housing
Rhode Island legislators have proposed a new housing bill. The housing bill will use a state-issued digital currency known as the “Green coin” to incentivize lower residential carbon emissions. Keep Reading »
A former Visa Executive has joined Crypto.com as the EMEA VP of Policy.
As per a brief description posted on LinkedIn, Crypto.com, a top cryptocurrency exchange and trading platform available around the world, has welcomed an ex Visa regulatory chief to its team. Keep Reading »
Indian IT Ministry Orders Crypto Exchanges to Keep User Data for 5 years
In a new directive, the Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, said cryptocurrency exchanges, VPN providers, and data centers must store a variety of user data for up to five years. Keep Reading »
The World’s No. 1 Crypto Crowdfunding Platform Launches the Borgz IDO Priority Round
The Cardano blockchain, a third-generation block-chain project that uses ‘Proof of stake’ consensus and ensures higher decentralization and scalability, powers Battle Borgz i.e. a multiplayer PvP and PvE battle game. The goal is to provide a digital financial identity by delivering a social and financial operating system. Keep Reading »
Is DeFi Kingdoms a Scam Project?
They have since managed to rename their account to LiquidLuck
, which according to mods, is something that you can’t do. The first screenshot, which we can see above, was taken on 11/03/2021. The second, which we can see below, is them having a new name. Keep Reading »
The Solana Blockchain is Back Online After a 7-hour Downtime
Late Saturday, Candy Machine, an NFT minting application for Solana, faced a deluge of traffic from bots attempting to force through transactions, leading Solana’s mainnet to lose consensus and crash as validator nodes buckled under the weight. Validators are machines that review transactions to ensure the integrity of the blockchain. Keep Reading »
Rainbow Bridge Attack Averted, Attacker Loses 2.5 ETH
He tried to hit the moment to front-run the relayer but failed to do it. Here is the link to the attacker’s failed transaction: Keep Reading »
Market Updates
NEXO Price Analysis May 2022
NEXO is a token of the platform Nexo. Its current price is around $2.52 by writing, with a low of $1.05, and has a market cap of 1.4 billion dollars. Keep Reading »
ZRX Price Analysis April 2022
ZRX is a token of platform 0x. Its current price is around $0.8124 by writing, with a low of $0.4514, and has a market cap of 688 million dollars. Keep Reading »
KNC Price Analysis April 2022
KNC is a token of the platform Kyber Network. Its current price is around $4.60 by writing, with a low of $1.17, and it has a market cap of 818 million dollars. Keep Reading »
SHIB Price Analysis April 2022
SHIB is a token of the Shiba Inu platform. Based on the writing, its current price is around $0.00002573, with the lowest point being $0.00000026, and it has a total market cap of 14.1 billion dollars. Keep Reading »
Top 3 Crypto to Look Out in May 2022: APE, LUNA, XRP
The crypto market is at a very interesting point right now. With the recent developments and the news, it is hard to predict which coins will be on top in May. However, there are some other promising coins that we should look out for in May. Keep Reading »
Top 5 Penny Cryptocurrencies to buy in May 2022: VET, XLM, BAT, CHZ, ZIL
The penny cryptocurrencies are those that are priced under $1.00. It has much lower transaction fees than larger coins, meaning you can buy more coins with your budget. Further, they are less volatile than larger coins, meaning you have a better chance of long-term growth. Penny cryptocurrencies are often still undervalued, so they may be worth more in the future. Here we have the top penny cryptocurrency to buy in May 2022. Keep Reading »
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