🦎🚀 Is the (Justin) Sun Setting? 🌅

Wednesday, April 12, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Advancing Together

The Group of Seven (G-7) advanced nations will focus on helping developing countries launch their central bank digital currencies (CBDCs).

Hiroshima will host this year's G-7 summit; Japan's Vice Minister of Finance for International Affairs, Masato Kanda, stated that, "the collapse of FTX was a serious wake-up call on the need for proper consistent regulation across borders."

The Financial Stability Board (FSB) and the International Monetary Fund (IMF) have been assigned by the Group of 20 major economies to produce a synthesis paper for global crypto rules by September or October this year.

In today's news, Reddit releases more NFTs for everyone, Tron's TRX delisted by Binance US and Razer launches Web3 incubator.

Read on!

24h Hot Searches Worldwide

GulfCoin (-1.4%)
Arbitrum (-5.1%)
Vela Token (-20.6%)
Stargate Finance (-5.8%)
Injective (+5.7%)
REN (-8.3%)
Ethereum (-2.4%)

What Do People Use Crypto For?

Although crypto has virtually unlimited possible applications, for now people still use it mainly for financial reasons.

That said, lending/borrowing was by far the least popular use case, with just over half having tried it before.

Check out the study findings: https://gcko.io/ctqyloz

What is $QTUM and how does it work?

Let's dive deeper to understand Qtum's energy-efficient PoS consensus mechanism, its key features, and latest development.

You Get One, You Get One, You Get One…

Major online forum Reddit launched its third generation (Gen 3) NFT collection, expanding the number of collaborations it has with artists and shifting its focus to future realities.

Its previous collections managed to amass over 10.6 million mints to date, which amounts to a total market cap value of about $74.5 million.

The Gen 3 supply mechanics operates on a tiered system based upon the popularity of the over 100 artists it has partnered with.

Decrypt

TRX Gets Delisted

The token of Tron blockchain, TRX, has been delisted by Binance.US, with the trading for it to be halted on April 18.

The announcement came after the U.S. Securities and Exchange Commission SEC sued founder Justin Sun over selling and airdropping unregistered securities, fraud and market manipulation involving the TRX token.

Binance.US did not explicitly reveal the reason behind the delisting but hinted that delisting is typically affected by shift in regulatory standing in the U.S. and unethical behavior.

CoinDesk

Ready to step up your trading game? Watch this video and learn to utilize bullish and bearish flag patterns in technical analysis!

Tap here to watch!

Razer Has Entered The Server

Gaming hardware giant Razer has announced the launch of its Web3 incubator, zVentures Web3 Incubator (ZW3I).

ZW3I invests in Web3 gaming projects and aims to bring Web3 games to mainstream audiences; with the focus of onboarding developers with "a strong track record in creating successful games."

The launch marks a growing interest in the space by the company, as it has invested in crypto previously; namely, Web3 gaming firm Animoca Brands, crypto platform Finblox and the DeFi firm Coinomo.

Decrypt

On-chain analysis uses blockchain data to predict trends and gauge market sentiments. Find out how to analyze on-chain metrics and what tools are available to help visualize on-chain data.

Track us everywhere.