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Move2Earn FITFI Is Top Searched Token on Bybit
Move2Earn FITFI Is Top Searched Token on Bybit

Step App’s FITFI token was the most searched token last week on Bybit. FITFI is the governance token of Step App. There are more than 300k users who pre-signed at the website ahead of launch. Step App FITFI was the most searched token according to crypto exchange Bybit last week.  As per the tweet of the official Twitter page of Bybit, FITFI was the most popular token last week, followed by Apex Protocol’s APEX and Stepn’s GMT for the second and third place. $GMT was followed by prominent tokens such as APE, GST, DOGE, LGX, BIT, SOL, and NEAR. Step

Terra Adds Another $1.5B in Bitcoin Reserves
Terra Adds Another $1.5B in Bitcoin Reserves

Luna Foundation Guard added another 37,863 ($1.5 billion) Bitcoin purchase to its reserves. The foundation now has a total of 80,394 Bitcoin reserves. “You’re starting to see a pegged currency that is attempting to observe the bitcoin standard,” said Terra co-founder Do Kwon. Luna Foundation Guard (LFG) has acquired its largest Bitcoin purchase of 37,863 coins, a whopping $1.5 billion at the time of purchase. The recent move by the LFG has doubled their previous reserves, from 42,530.82 up to 80,394 Bitcoin reserves. According to the tweet, the group assisted the purchase by exchanging $1 billion in UST stablecoin for

Axie Infinity Releases New SLP Burning Tool
Axie Infinity Releases New SLP Burning Tool

Axie Infinity released a new feature that burns SLP to balance the economy. Organizers could host an event that requires proof of burn as registration. Co-founder of Axie Infinity Jeff Zirlin called this new feature as “community burn mechanisms”. Sky Mavis’ Axie Infinity revealed a new feature that will allow tournament organizers to host tournaments and burn Smooth Love Potion (SLP) along the process.  The team announced this new feature via its official Twitter page emphasizing:  “This was a feature requested by tournament organizers so that they could host tournaments with an SLP buy-in that gets burned to help balance

Gucci Now Accepts Crypto as Payment
Gucci Now Accepts Crypto as Payment

Gucci now accepts crypto as payment method in selected stores. Customers can pay using Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu. Company will provide crypto and NFT education and training to its staff before launching programs. Gucci announced that they will accept cryptocurrency in selected stores around its US locations. The Italian high-end luxury fashion brand also plans to launch the program in other North American stores this summer. According to Vogue Business, in-store payments can be done through a link sent to customers via email. The link includes a QR code that customers can scan using their

Telegram Now Allows Users to Send Crypto via Its App
Telegram Now Allows Users to Send Crypto via Its App

The Open Network (TON) allows Telegram users to send Toncoin via chats. There’s no transactions fee for sending Toncoin through Telegram messaging app  Telegram claims that this new feature is easier and faster than sending Toncoin on other platforms. TON launched a “wallet” bot which grants more than 550 million of Telegram users to send and receive Toncoins without transaction fees. In addition, users “no longer need to enter long wallet addresses and wait for confirmations.” According to The Open Network, Telegram users who would like to send Toncoin via the new wallet bot will have to install the latest

Belgium Regulator FSMA To Regulate Crypto Exchanges
Belgium Regulator FSMA To Regulate Crypto Exchanges

Belgium’s financial regulator said crypto exchange services must register with the FSMA.  FSMA has given crypto businesses four months to register.  Crypto service providers must fulfill seven conditions in order to maintain an active registration. Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, enforced a new rule that requires crypto exchanges and custodial wallet services in the country to register within the allotted deadline. According to the new rules revealed by the FSMA, starting on May 1, legal individuals or companies that wish to offer crypto exchange services or custodial wallets in Belgium will have to register in

Bored Ape Yacht Club Floor Price Reaches New ATH
Bored Ape Yacht Club Floor Price Reaches New ATH

Bored Ape Yacht Club NFT’s cheapest NFT is worth 152 ETH on OpenSea. Making a record for a new all-time high for its floor price. The floor price climbed more than 500% in value since September 1, 2021. The Bored Ape Yacht Club NFT collection has picked up a new all-time high for its floor price on Friday, April 29. The floor price of BAYC NFT is currently at 152.4 ETH ($432K at the time of writing), as per the data coming from the NFT marketplace OpenSea. According to the metrics from Coingecko, on September 1, 2021, BAYC’s floor price

Former Google CEO Starts Investing in Crypto
Former Google CEO Starts Investing in Crypto

Former Google CEO Eric Schmidt said he invested “a little bit” of money into crypto. Schmidt hasn’t revealed the name of any coins he invested in. He pointed out that Web3 economics are ‘interesting’ and it will work soon. Former Google CEO and Chairman Eric Schmidt discussed investing in cryptocurrency and Web3 in an interview last Thursday. According to an interview with CNBC, Schmidt disclosed that he invested “a little bit” of money into cryptocurrency. Yet, he emphasized that Web3 is the most interesting part of blockchain. The 67-year-old served for 10 years as the CEO of Google, from 2001

Binance Bans Accounts of Relatives of Russian Officials
Binance Bans Accounts of Relatives of Russian Officials

Binance banned accounts of the Russian President’s spokesman daughter, stepdaughter of Foreign Minister, and son of a Russian oligarch. The 24-year-old daughter of the Russian President’s spokesman said the sanctions were “totally unfair and unfounded.” Her account was shut down after she attempted to use Binance via third-party brokerage. Binance finally banned accounts connected to relatives of senior Kremlin officials. This is in line with the past two months of the ongoing war in Ukraine. Users who suffered the ban included Elizaveta Peskova, daughter of Russian President’s spokesman Dmitry Peskov, and Polina Kovaleva, the stepdaughter of Foreign Minister Sergei Lavrov.

Goldman Sachs Now Offers Bitcoin-Backed Loan
Goldman Sachs Now Offers Bitcoin-Backed Loan

Goldman Sachs grants cash collateralized by Bitcoin. A spokeswoman said their structure and 24-hour risk management would make the deal more interesting. The investment bank has been increasing its exposure to cryptocurrency since last year. Wall Street giant Goldman Sachs, a leading global investment bank, has launched its first-ever loan backed by cryptocurrency.  According to a report from Bloomberg on Thursday, Bitcoin owned by the borrowers can be used as collateral to avail of the loan.  A spokeswoman for the bank disclosed in the report that the secured lending facility lent cash collateralized by borrowers who owned Bitcoin. Noting that

‘Bitcoin Jesus’ Returns to Twitter, Favors DOGE Over BTC
‘Bitcoin Jesus’ Returns to Twitter, Favors DOGE Over BTC

Roger Ver said DOGE is better, cheaper, and more reliable [than Bitcoin]. He praised Elon Musk for purchasing Twitter in the interview. Ver said: “I was never a Bitcoin or Bitcoin Cash maximalist.” Roger Ver, a pioneer investor, and Bitcoin supporter, has returned to posting in Twitter after a year. He also showed his support for Dogecoin in an interview. His enthusiasm and all-out support for Bitcoin and Bitcoin Cash have earned him the alias ‘Bitcoin Jesus’. According to an interview with Bloomberg, Ver said he preferred Dogecoin over Bitcoin for payments. He emphasized that he’s a fan of the

China Gives 15M Digital Yuan to Shenzhen Residents
China Gives 15M Digital Yuan to Shenzhen Residents

The Chinese government will give away 15M yuan worth of digital RMB (e-CNY) to Shenzhen local residents. The move aims to boost consumption amid the recent round of Omicron outburst and promote its digital currency. At the end of 2021, the digital yuan had 261 million users. The People’s Bank of China (PBC), China’s central bank, came up with another digital yuan giveaway. According to sources, it aims to further promote its central bank digital currency (CBDC). Specifically, Shenzhen’s Futian district government disclosed that 15 million yuan ($2.27 million) in e-CNY will go to its local residents.  The latest move