RBI Governor says ‘Cryptocurrency has no underlying value’ | Curated CoinCodeCap #24 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:
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Uniswap Protocol Surpasses Lifetime Cumulative Trading Volume of $1 Trillion
The decentralized crypto trading protocol, Uniswap of Uniswap Labs has today crossed the $1 trillion mark in terms of the trading volume. The first version of the protocol was launched in November 2018 in the form of a proof-of-concept for the Automated Market Makers (AMMs). The unique feature of the protocol is that it supports automated liquidity. Keep Reading »
Nigeria’s Govt has Adopted Algorand for the commercialization of all IP in the country
The Nigerian government has agreed to a three-year exclusive IPR (intellectual property right) contract with Developing Africa Group to launch a national wallet that will allow for the international commercialization of all IP forms created and enrolled in the country, both regionally and abroad. In this context, the IPR exclusivity agreement entails the legislature authorizing Developing Africa Group Keep Reading »
‘BTC can protect Americans since it cannot be created out of nothing’: President of the Heritage Foundation
Kevin Roberts, The President of the Heritage Foundation said ‘Bitcoin can protect Americans since it cannot be created out of nothing’. He was talking to a panel titled ‘Bitcoin and the American Experiment’ organized by the Heritage Foundation. Keep Reading »
RBI Governor says ‘Cryptocurrency has no underlying value’
Reserve bank of India governor Shaktikanta Das on Monday, May 23, said that Crytpcurrency has no underlying value, and the central bank had for long been cautioning against cryptocurrency in a CNBC-TV 18 Interview. The Governor said people would have raised questions after the recent unprecedented cryptocurrency market crash had the RBI been regulating the digital assets by now. Keep Reading »
Crypto is Preferred as an Investing Instrument, according to a Fed analysis report
The Federal Reserve has released its annual study on Americans’ financial life, and it shows that they are more likely to utilize cryptocurrency as an investing tool than as a means of payment. The Federal Reserve System is the United States’ central bank. It contributes to the efficient operation of the US economy and, more broadly, the public good. Keep Reading »
South Korean Crypto Exchanges Issues Warnings on Litecoin
After the Luna Fiasco, the South Korean authorities have been taking precautionary measures to save the country’s crypto market from following a downward trend as well. South Korea is also gearing up to implement the “Digital Asset Basic Act” in 2014. It is also about adopting the crypto licensing system to ensure the protection of consumers. Keep Reading »
Sumitomo Mitsui Trust to set up a Digital Asset Custodian Company
Sumitomo Mitsui Trust will establish a firm this year to offer institutional investors digital asset custody services, a step it sees as critical in establishing the infrastructure needed to properly manage digital asset investments. Keep Reading »
Market Updates
AMP Price Analysis May 2022
AMP is the token of the Amp platform, which is around $0.01367 by the time of writing, with a low of $0.009912. It reached a hof $0.01433, and its current ranking is #80 according to CoinMarketCap, with a market cap of 577 million dollars. AMP tokens allow users to make fast and secure payments on the Flexa Network. Keep Reading »
KCS Price Analysis May 2022
KuCoin is one of the most popular cryptocurrency exchanges that allow you to trade various coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, etc. Their platform also caters to newbies by giving users an option to buy KCS tokens, which reduces the trading fee and entitles them to rewards in the form of discounts on trading. Keep Reading »
ADA Price Analysis May 2022
ADA is a coin of platform Cardano. Its current price is around $0.7763 byting, with a low of $0.7424, and has a market cap of 26.2 billion dollars. Keep Reading »
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 »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
Crypto to look out for this week BTC, ETH, MANA, ZEC, QNT
Many people prefer to deposit their BTC onto centralized exchanges to minimize risk and volatility. As a result, most new deposits have been to centralized exchanges during recent bitcoin action. Bitcoin currently sits at $30000, and 49.76k BTC likely moved into exchanges, Binance being a popular choice this month. Keep Reading »
Top 3 Defi Tokens to Buy in May 2022: RUNE, LINK, CAKE
There are a lot of Defi tokens that have been doing well in the market recently, but there are also some that are undervalued and could be great buys in May. These tokens are not only profitable but also have a good reputation. So here are the top 3 Defi tokens to buy in May 2022. Keep Reading »
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