’s Rewards, “Secret” Bitcoin Legal Tender, Ethereum Charges, Hack & Bounty + More News

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Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.


Adoption news

  • The crypto platform stated on Sunday that rewards using its own CRO token won’t be provided to Jade Eco-friendly, Royal Indigo, Frosted Rose Gold, Icy White-colored, and Obsidian cardholders from June 1. “Cardholders who have an energetic 6-month stake and who staked before 1 May 2022 13:00 UTC continuously receive their CRO rewards before the finish of the 180-day staking period,” they added. The cost of CRO dropped on Sunday, and stays lower almost 10% within the last 24 hrs by Monday at 15:00 UTC.
  • The Central African Republic, which at the end of April adopted bitcoin as legal tender, didn’t inform the central bank responsible for its fiat currency concerning the decision, Bloomberg reported, citing a spokesperson from the Bank of Central African States.
  • The posh fitness center Equinox will begin accepting crypto payments for membership charges, becoming the very first gym in New You are able to City to do this, according to New You are able to Publish. The instalments is going to be processed using BitPay, it added.
  • The Swiss National Bank is against buying and holding bitcoin (BTC) included in its reserves, Chairman Thomas Jordan has stated, Reuters reported.

Ethereum news

  • The cost of apecoin (APE), an expression utilized in the Bored Apes Yacht Club (BAYC) NFT community, dropped on Monday following a massively popular purchase of virtual land by BAYC creator Yuga Labs over the past weekend nearly introduced the Ethereum (ETH) blockchain to the knees, because the firm was raising USD 320m with the purchase of virtual land associated with its metaverse project. Several Twitter users reported cases of Ethereum transaction charges within the a large number of $ $ $ $, including one user who stated a USD 3,800 fee was necessary to be able to buy an NFT worth USD 270. Based on data from BitInfoCharts, average Ethereum transaction charges continued to be considerably less than that, although still high by objective standards at USD 197 on Sunday because of the flurry of activity all around the land purchase. By Monday at 15:00 UTC, APE was lower 6% within the last 24 hrs to some cost of USD 15.32.

Security news

  • Over the past weekend, crypto projects Rari Capital and Fei Protocol have endured a USD 77m hack, and Fei Protocol presenting a USD 10m bounty towards the online hackers when they return the funds. “We have identified the main cause and stopped all borrowing to mitigate further damage,” Fei Protocol authored inside a tweet on Saturday.

Exchanges news

  • Coinbase stated that it’s altering its asset listing process. To any extent further, details about an inventory are only printed when a decision to list out has been created, instead of once a good thing is into consideration for listing, as continues to be the situation so far, Chief executive officer John Lance armstrong authored.

Investments news

  • Samsung Asset Management is placed to list out a crypto and blockchain-focused exchange-traded fund (ETF) in Hong Kong within the first 1 / 2 of this season, which makes it the very first crypto ETF to become indexed by Asia, The Korea Economic Daily reported.

Regulation news

  • The Joint Leaders of worldwide Tax Enforcement (J5), a 5-member number of global tax debt collectors, released a list of warning flags associated with non-fungible token (NFT) marketplaces. The document, entitled “J5 NFT Marketplace Warning Sign Indicators,” may be the first available and is supposed to safeguard consumers, J5 stated.

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