Francis Suarez, the Mayor of Miami, said that he played an “evangelist role” at Davos where he’s teaching people about Bitcoin.
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Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor played at the WEF, Bitcoin being a global currency and what the mayor does with his BTC.
According to Suarez, his role at the WEF is different from what he did at the Bitcoin Miami event. At Davos, the mayor noted that he played an "evangelist role" where he's teaching people about Bitcoin. He explained that he is trying to get people to understand that this technology is going to impact “the lives of many.”
Apart from this, Suarez also discussed the potential of Bitcoin as a global currency. The mayor highlighted that Bitcoin presents various opportunities to democratize and even “disrupt socialist regimes.” Additionally, he said that Bitcoin "creates trust, which is what currency systems should be based on."
Suarez, who received some of his paychecks in Bitcoin, told Cornèr that he mostly hodls his Bitcoin. He underscored that he believes in the technology behind the crypto and thinks that he could give it to his children one day.
Related: WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor
The mayor of Miami also expressed agreement with the sentiments of Mastercard CEO Michael Miebach that SWIFT may cease to exist in five years. Suarez noted that companies like Mastercard leaning into crypto are very important for the industry. The mayor believes that Mastercard has an infrastructure that can help the crypto world in terms of processing power.
The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022.
The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since 2017, according to Bermuda’s minister of economy and labor, Jason Hayward.
He noted on June 3 that the government remains unfazed by the recent crash caused by the collapse of the Terra ecosystem in May, as the market has weathered many storms since 2017.
Speaking with the Wall Street Journal (WSJ), Hayward pointed to the experience of the economy and local regulators in dealing with foreign business as a key factor that will help Bermuda become a crypto hub. He also bullishly stated that the crash will not hamper its plans moving forward:
“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub.”“This industry downturn is likely to advance our goal and positively impact our long-term growth and role in this sector,” he added.
So far the Bermuda Monetary Authority (BMA) has granted a total of 14 licenses for crypto firms to operate out of the British island territory, with four of those being approved in 2022, noted Crag Swan, chief executive of the BMA.
The total list includes companies such as multi-asset-class trading firm Class T, crypto exchange Bittrex Global, USD Coin (USDC) issuers Circle Internet Financial Ltd., and crypto interest account providers BlockFi, who obtained a license in January earlier this year.
Swan highlighted, however, that the BMA is not looking to accept anyone that wants to set up shop in Bermuda and is looking at quality over quantity as part of its crypto hub ambitions.
“So obviously the persons that we want in Bermuda must be fit and proper because essentially we’re looking at maintaining the jurisdiction’s quality name,” he said.
Related: Bitcoin price needs to close above $29,450 for its first green weekly candle since March
Hayward stated that Bermuda’s licensing process is broken down into three stages: the testing license, a modified license, and finally the fully approved operating license. The testing phase usually lasts between three to 12 months but did not provide a comment on how long it takes to get fully licensed by the BMA.
Commenting on the regulatory landscape in Bermuda, the president of the Financial International Business Association (FATF) David Schwartz, told the WSJ that the Bermuda government has been making strides in its anti-money laundering compliance initiatives since 2020, but there was still work to be done.
The Paris-based FATF sets global AML-standards, and Schwartz suggested the success of Bermuda’s crypto sector may hinge on how strongly the government oversees and regulates the companies that it offers licenses to:
“They’ve got great rules and regulations and laws, but it’s all about the implementation at the end of the day.” ",audio:"https://s3.cointelegraph.com/audio/87557.8c6302fa-ff18-46f1-b6df-5ae2d7509efe.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:aC,shares:e,tags:[{id:xp,slug:"government",title:"Government",url:"/tags/government"},{id:"547",slug:"circle",title:"Circle",url:"/tags/circle"},{id:js,slug:jt,title:ij,url:hR},{id:"8401",slug:"bermuda",title:"Bermuda",url:"/tags/bermuda"},{id:lC,slug:lD,title:lE,url:jz}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87557regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:nU,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"social-media-blamed-for-1b-in-crypto-scam-losses-in-2021",url:w$,absoluteUrl:"https://cointelegraph.com/news/social-media-blamed-for-1b-in-crypto-scam-losses-in-2021",title:nV,youtubeVideoIdCover:d,cover:xa,datePublished:xn,dateHuman:"57 minutes ago",humanDateTime:"2022-06-06 03:56",dateISOFull:"2022-06-06T02:56:31+01:00",publishedDateTimeObject:{year:D,month:y,day:y,hour:c,minute:of,second:og,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Felix Ng",authorUrl:"/authors/felix-ng",authorAvatar:oh,previewText:"Nearly half of the consumers who reported a cryptocurrency-related scam in 2021 said it started with an ad, post or message on social media. ",twitterLeadText:"Social media has become a hotbed for crypto scammers, with nearly half of the $1 billion in crypto extracted from victims in 2021 having started as an ad, post, or message on these platforms.",badgeSlug:g,badgeName:aB,fullText:"The United States Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud,” with nearly half of all crypto-related scams originating from social media platforms in 2021.
Published on Friday, the report found that as much as $1 billion in crypto has been lost to scammers throughout the year, which was more than a five-fold increase from 2020, and nearly sixty times up from 2018.
New analysis finds consumers reported losing more than $1 billion in #cryptocurrency to scams since 2021. Most of the losses consumers reported were to bogus cryptocurrency investment scams: https://t.co/MYGTcaw1aS #DataSpotlight /1
— FTC (@FTC) June 3, 2022 \n\nAs of March 31, the amount of crypto lost was already approaching half of the 2021 figure, showing that momentum doesn’t appear to be slowing.
The FTC found that Instagram (32%), Facebook (26%), WhatsApp (9%) and Telegram (7%) were the top platforms used for crypto scams.
Interestingly, Twitter, the social media platform widely adopted by the crypto-community, was not mentioned despite being littered with spam and scam bots touting fake crypto giveaways.
Based on fraud reports to FTC’s Consumer Sentinel Network, the most common type of crypto scam was Investment Related Fraud, making up $575 million of the total $1-billion figure.
“These scams often falsely promise potential investors that they can earn huge returns by investing in their cryptocurrency schemes, but people report losing all the money they ‘invest.’”According to the FTC, common investment scams include cases in which a so-called “investment manager” contacts a consumer, promising to grow their money — but only if the consumer buys cryptocurrency and transfers it into their online account.
Other methods include impersonating a celebrity who can multiply any cryptocurrency that a consumer sends them or promises free cash or cryptocurrency.
The FTC also lists scams that involve investment in fake art, gems and rare coins, bogus investment seminars and advice, and other miscellaneous investment scams as part of this group.
The next largest crypto-scam-related losses came from Romance Scams at $185 million, in which a love interest tries to entice someone into investing in a crypto scam.
Business and Government Impersonation Scams came in third at a total of $133 million, in which scammers target consumers, claiming that their money is at risk due to fraud or a government investigation.
“These scams can start with a text about a supposedly unauthorized Amazon purchase, or an alarming online pop-up made to look like a security alert from Microsoft. From there, people are reportedly told the fraud is extensive and their money is at risk.”The scammers will then pretend to be a representative of the bank to secure the person’s crypto.
In other cases, scammers have impersonated border patrol agents reportedly telling people their fiat accounts are frozen as part of a drug trafficking investigation. These scammers tell people the only way to protect their money is to put it in crypto. They’re directed to take out cash and feed it into a crypto ATM and are tricked into sending it to the scammers’ wallet address instead.
The report found that people aged 20–49 were most likely to lose crypto to a scammer, with those in their 30s the hardest hit, making up 35% of total reported fraud losses.
Related: A life after crime: What happens to crypto seized in criminal investigations?
The amount of crypto lost rises up according to age group, with the median individual reported cryptocurrency losses for those in their 70s reaching up to $11,708, compared to just $1,000 for 18- and 19-year-olds.
An article on the FTC’s Consumer Advice website details a number of ways to avoid cryptocurrency scams:
Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three years ago in 2019.
Since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, data from Coin ATM Radar reveals an evident comeback in the installation numbers, as the world saw 817 Bitcoin ATMs installed in June — in just the first five days.
Some of the key factors contributing to the slowdown of crypto ATM installations include geopolitical tensions across the world, unclear or anti-crypto regulations, market saturation and business impact due to the ongoing coronavirus pandemic.
Coin ATM Radar’s data confirms that the United States is home to 87.9% of the total 37,826 crypto ATMs worldwide. Europe houses a network of 1,419 ATMs, representing 3.8% of the global ATM installations.
Crypto ATM manufacturer Genesis Coin maintains its position as the leader in terms of the market share, representing 41% of the total operational crypto ATMs across the globe. Other manufacturers with prominent market share include General Bytes (21.6%), Bitaccess (16%), Coinsource (5.4%) and Bitstop (4.7%).
Related: Bitcoin Lightning Network capacity crosses 3,900 BTC, marking a new ATH
While real-world challenges may have a momentary impact on Bitcoin’s physical expansion via ATMs, at its core, the Bitcoin network continues to outperform its previous records in securing, decentralizing and speeding up the impenetrable peer-to-peer network.
As Cointelegraph reported based on data from Bitcoin Visuals, the Bitcoin Lightning Network (LN) capacity attained an all-time high of 3,915.776 BTC — further improving BTC transaction speeds and reducing fees over the layer-2 protocol. The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 to address Bitcoin’s infamous scalability issues.
",audio:"https://s3.cointelegraph.com/audio/87543.47022f3e-dc1a-423e-9a1a-3961325e84b9.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:3362,shares:72,tags:[{id:ab,slug:ly,title:ai,url:kH},{id:ak,slug:lF,title:lG,url:lH},{id:"345",slug:"atm",title:"ATM",url:"/tags/atm"},{id:"1072",slug:"coinatmradar",title:"CoinATMRadar",url:"/tags/coinatmradar"},{id:js,slug:jt,title:ij,url:hR},{id:"3142",slug:"p2p-networks",title:"P2P Networks",url:"/tags/p2p-networks"}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87543regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:bg,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"yuga-labs-bayc-otherside-discord-groups-breached-over-145-eth-stolen",url:nY,absoluteUrl:xw,title:lA,youtubeVideoIdCover:d,cover:nZ,datePublished:kK,dateHuman:xx,humanDateTime:"2022-06-05 05:45",dateISOFull:"2022-06-05T04:45:37+01:00",publishedDateTimeObject:{year:D,month:y,day:M,hour:r,minute:il,second:ok,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:kL,authorUrl:kM,authorAvatar:oj,previewText:"According to OKHotshot’s investigations, the attack was conducted by hacking into the Discord account of Boris Vagner, community and social manager at Yuga Labs.",twitterLeadText:"Alert: Hackers make away with #BAYC and #OtherSide NFTs after hacking into #Discord groups.",badgeSlug:g,badgeName:aB,fullText:"Yuga Labs, the creator of two of the most popular ape-themed nonfungible token (NFT) offerings — Bored Ape Yacht Club (BAYC) and OtherSide — witnessed yet another orchestrated phishing attack, with investors losing over 145 Ether (ETH) or nearly $260,000 at the time of writing.
OKHotshot, a blockchain detective and a member of the Crypto Twitter community, alerted crypto investors about the compromise of two official Discord groups linked to BAYC and OtherSide NFTs.
BAYC OtherSide discords got compromised‼️
Seems because Community Manager @BorisVagner got his account breached, which let the scammers execute their phishing attack. Over 145E in was stolen
Proper permissions could prevent this pic.twitter.com/lCl2DfZQ0W
According to OKHotshot’s investigations, the attack was conducted by hacking into the Discord account of Boris Vagner, community and social manager at Yuga Labs.
After gaining unrestricted access to the employee’s account, scammers shared various phishing links from Vagner’s Discord account into the official BAYC, Mutant Ape Yacht Club and Otherside groups.
Many users in the Discord groups, unwary about the ongoing scam, fell for the phishing messages that promised limited-quantity giveaways made available for existing NFT holders — as evidenced by the above screenshot.
Concluding the investigation, OKHotshot revealed the wallets that held and transferred the recently compromised NFTs, making it the second time BAYC fell victim to an attack in as many weeks.
Yuga Labs has not yet responded to Cointelegraph’s request for comment.
Related: NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link
On May 25, a Proof Collective member lost 29 high-valued Ethereum-based Moonbirds NFTs worth $1.5 million amid an ongoing scam.
29 Moonbirds were just stolen in a hack.
~750e (~$1,500,000) in value lost by clicking on a bad link.
Sickening seeing stuff like this. Let this be a reminder to never ever click on links and to bookmark the marketplaces/trading sites that you use. pic.twitter.com/7iWO5LMovL
While the total damage around this hack remains unclear, the recent crypto scams are a harsh wake-up call for NFT owners to exercise caution when dealing with third-party platforms and to double-check anything shared by others, even if they appear trustworthy.
\n\n\n",audio:"https://s3.cointelegraph.com/audio/87541.3a40e11e-99a8-4fa0-b1c0-8ccea7875ce4.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:4218,shares:xy,tags:[{id:_,slug:jr,title:ii,url:hQ},{id:"353",slug:"phishing",title:"Phishing",url:"/tags/phishing"},{id:ol,slug:xz,title:om,url:lM},{id:"553",slug:xA,title:aD,url:on},{id:"1852",slug:"hackers",title:"Hackers",url:"/tags/hackers"},{id:"8417",slug:"hacks",title:"Hacks",url:"/tags/hacks"},{id:"9528",slug:"nft",title:"NFT",url:oo},{id:"9612",slug:xB,title:aP,url:"/tags/apecoin"}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87541regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:fV,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"south-korea-ramps-up-crypto-investigations-and-regulations",url:xb,absoluteUrl:"https://cointelegraph.com/news/south-korea-ramps-up-crypto-investigations-and-regulations",title:n_,youtubeVideoIdCover:d,cover:xc,datePublished:lN,dateHuman:lO,humanDateTime:"2022-06-04 09:40",dateISOFull:"2022-06-04T08:40:00+01:00",publishedDateTimeObject:{year:D,month:y,day:r,hour:bi,minute:lP,second:e,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Kurt Ivy",authorUrl:"/authors/kurt-ivy",authorAvatar:oh,previewText:"South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities.",twitterLeadText:"Following the #Terra $LUNA crash, South Korea takes steps to regulate the industry.",badgeSlug:g,badgeName:aB,fullText:"On Friday, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.
As reported by local news outlet Money Today Co., the FSS had recently demanded reports from 157 payment gateways about any service related to crypto, its plans for the future and disclosure of digital assets. But, an FSS report stated that only six held any digital assets.
Related: How Terra’s collapse will impact future stablecoin regulations
Although the FSS is currently the primary financial regulator, on May 31, 2022, South Korea announced the upcoming launch of the Digital Assets Committee. According to the announcement, this is a temporary solution to bring structure to the virtual asset industry following the Terra crash.
Per the announcement, the guidelines include screening criteria for newly-listed assets, market monitoring, trade monitoring, a level of disclosure, and other investor protections. The five major exchanges in the country appear to agree on the standards and have formed their own committee to help prevent another incident similar to Terra.
Soon after the FSS began its investigation, it announced a remote meeting with other financial supervisory authorities from five countries in the Asia-Pacific region. This event was hosted by the Indonesian Financial Supervisory Service and included Australia, China and Japan, as well.
The meeting covered global market conditions and big tech and crypto. The Korean representative mentioned the need for cryptocurrency regulation, disciplinary action around virtual assets and the expansion of financial regulatory frameworks.
The incoming crypto committee in South Korea will steer policy recommendations and enforce investor protections ahead of the enactment of a Digital Asset Basic Act (DABA) https://t.co/zhAmTH5JU2 pic.twitter.com/pBE9qSbLbP
— Decrypt (@decryptmedia) June 1, 2022 \n\nOn May 24, 2022, South Korean officials opened an investigation against Do Kwon, the primary figure in the Terra incident. Yoon Chang-Hyeon, the chairman of the People’s Strength Virtual Assets Special Committee, who had met with the top exchanges in response, will lead the Digital Assets Committee mentioned above.
\n\n\n\n",audio:"https://s3.cointelegraph.com/audio/87524.6a233827-9683-435a-9e2b-24d2aa982d88.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:2265,shares:xC,tags:[{id:_,slug:jr,title:ii,url:hQ},{id:xD,slug:jA,title:"Altcoin",url:op},{id:ol,slug:xz,title:om,url:lM},{id:"1644",slug:"south-korea",title:"South Korea",url:"/tags/south-korea"},{id:lC,slug:lD,title:lE,url:jz},{id:"9360",slug:"investigation",title:"Investigation",url:"/tags/investigation"},{id:xE,slug:oq,title:aE,url:xF}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87524regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:fW,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"cbdcs-can-kill-private-crypto-india-s-rbi-deputy-governor-to-imf",url:xd,absoluteUrl:"https://cointelegraph.com/news/cbdcs-can-kill-private-crypto-india-s-rbi-deputy-governor-to-imf",title:n$,youtubeVideoIdCover:d,cover:xe,datePublished:lN,dateHuman:lO,humanDateTime:"2022-06-04 07:29",dateISOFull:"2022-06-04T06:29:40+01:00",publishedDateTimeObject:{year:D,month:y,day:r,hour:y,minute:xG,second:lP,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:kL,authorUrl:kM,authorAvatar:oj,previewText:"“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology.",twitterLeadText:"Even after a decade, the RBI official said #blockchain is still being referred to as a potentially revolutionary technology.",badgeSlug:g,badgeName:aB,fullText:"In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem.
Rabi Sankar started the conversation by highlighting the success of the Unified Payments Interface (UPI), India’s in-house fiat-based peer-to-peer payments system, which has seen an average adoption and transaction growth of 160% per anum over the last five years.
“One of the reasons it is so successful is because it’s simple,” he added while comparing UPI’s growth with blockchain technology. According to Rabi Sankar:
“Blockchain, which was introduced six-eight years before UPI started, even today is being referred to as a potentially revolutionary technology. [Blockchain] use cases haven’t really been established that much at the speed it initially was hoped for.”However, the RBI official confirmed that a large population in India still lacks access to UPI-based banking due to the unavailability of smartphones. To counter this, the Indian government is working on offline payment platforms, some of which have started rolling out to the masses.
June 2 at 7:00am ET // At the Frontier: India's Digital Payment System and Beyond will explore the latest developments in digital payments with a focus on lessons from India as well as future with a significant role for Central Bank Digital Currencies. https://t.co/ZSj7i15fBG pic.twitter.com/X6cVyHewEs
— IMF (@IMFNews) May 31, 2022 \n\nRabi Sankar also stated that banks will remain crucial for providing liquidity services to the general public in India, warning that technology is merely a tool and cannot be used to create currencies:
“A currency needs an issuer or it needs intrinsic value. Many cryptocurrencies which are neither are still being accepted at face value. Not just by gullible investors but also the experts, policymakers or academicians.”He further stated that RBI does not believe that stablecoins, like Tether (USDT), should be accepted blindly as 1-to-1 fiat pegged currencies. Speaking about the advantages of a digital rupee, Rabi Sankar said:
“We believe that central bank digital currencies (CBDCs) could actually be able to kill whatever little case that could be for private cryptocurrencies.”Related: India to roll out CBDC using a graded approach: RBI Annual Report
On May 28, India’s central bank, RBI, proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system.
As Cointelegraph reported, finance minister Nirmala Sitharaman first revealed the plan to launch a CBDC in 2022-23 with an aim to provide a “big boost” to the digital economy. RBI’s report revealed that the central bank is currently experimenting to develop a CBDC that addresses a wide range of issues within the traditional system.
",audio:"https://s3.cointelegraph.com/audio/87523.c4c6858a-7a1f-4525-b85b-a232df3785fc.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:4805,shares:or,tags:[{id:_,slug:jr,title:ii,url:hQ},{id:ak,slug:lF,title:lG,url:lH},{id:"502",slug:"central-bank",title:"Central Bank",url:"/tags/central-bank"},{id:"1029",slug:"imf",title:"IMF",url:"/tags/imf"},{id:js,slug:jt,title:ij,url:hR},{id:"1574",slug:"india",title:"India",url:"/tags/india"},{id:"6203",slug:"reserve-bank-of-india",title:"Reserve Bank of India",url:"/tags/reserve-bank-of-india"},{id:xH,slug:xI,title:xJ,url:xK},{id:lC,slug:lD,title:lE,url:jz},{id:"9457",slug:"indian-government",title:"Indian Government",url:"/tags/indian-government"}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87523regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:jy,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"brazilian-central-banker-describes-how-cbdc-system-can-halt-bank-runs",url:xf,absoluteUrl:"https://cointelegraph.com/news/brazilian-central-banker-describes-how-cbdc-system-can-halt-bank-runs",title:oa,youtubeVideoIdCover:d,cover:xg,datePublished:ig,dateHuman:ih,humanDateTime:"2022-06-03 22:00",dateISOFull:"2022-06-03T21:00:00+01:00",publishedDateTimeObject:{year:D,month:y,day:u,hour:im,minute:e,second:e,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Cassio Gusson",authorUrl:"/authors/cassio-gusson",authorAvatar:"https://s3.cointelegraph.com/storage/uploads/view/3ae9ba5574171a6829bbfee90109da59.jpg",previewText:"In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run. ",twitterLeadText:"Genius move or going too far? Brazil's central bank is devising ways to prevent bank runs via CBDC. ",badgeSlug:g,badgeName:aB,fullText:"In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out. Through the so-called Real Digital, the central bank will be able to halt bank runs and impose other restrictions on citizens’ access to money.
Real Digital, the digital version of Brazil’s national currency, has been debated at the central bank since 2015 and will have its first tests in 2023 through nine solutions presented by private companies during the recent Lift Challenge event that was carried out by the CBB.
Cointelegraph reported that the value of the upcoming CBDC would be pegged against the national fiat payment system STR, also known as the Reserve Transfer System.
Brazil could soon be the next Latin American nation to regulate cryptocurrency. A bill has been in the works since 2019 and is now finally set to hit the Senate floor for a vote. https://t.co/ZYEfrsEwm8
— Cointelegraph (@Cointelegraph) February 23, 2022 \n\nThrough Real Digital, the central bank says it wants to enable so-called smart payments within a regulated environment. Smart payments include smart contracts, transactions with Internet of Things devices and even decentralized finance (DeFi) applications.
In the BIS document, Araujo said the main objective of introducing a CBDC is to provide entrepreneurs with a safe and reliable environment in which to innovate through the use of programmability technologies that make smart payments a reality.
\"Technologies available for smart payments, as seen in crypto assets, make room for new business models and are better suited to meet the population's demand,\" he said.
Related: Fed paper looks at the potential effects of CBDC on monetary policy
In the paper, Araujo highlights that the central bank must maintain a partnership with the private sector in providing liquidity to the market. According to Araujo, the central bank envisions the coexistence between the Real Digital and private money issued by institutions regulated by the CBB in the intended smart payments.
Therefore, individuals could convert their deposits into tokens capable of accessing the services provided on this new platform, under a commitment that these tokens will be converted into Real Digital. In other words, banks will be able to issue their own tokens aimed at smart contract applications having their balance in Real Digital as a guarantor of the operations.
\"Commercial bank deposit tokens would inherit all the regulations and characteristics of their parent assets, such as fractional reserve requirements,” he said. “Likewise, [payment service provider] deposit tokens would inherit their characteristics, such as total reserve requirements.”
However, unlike the cryptocurrency ecosystem in which users own their assets and no one can lock their operations, there will be a system to lock withdrawals in Brazil's CBDC.
Araujo points out that, at a given time and for various reasons, there may be a bank run where users wish to convert these tokens into the Real Digital, which would be guaranteed by the central bank. To avoid such bank runs, the CBB already provides \"backstops and restrictions on the conversion flow to and from CBDCs.\"
The central bank points out that the flow of exchange of these tokens to Real Digital would have a limit and would even need to be scheduled in advance. In other words, the central bank will have the power to control the flow of money within the system.
Related: Brazil Stock Exchange wants to provide oracles for Real Digital
The paper explains:
\"One source of concerns, though, is the speed at which private tokens could be converted into CBDCs, which could restore coordination mechanisms. To avoid such undesirable flows, large conversions could only be available if scheduled in advance and constraints on daily conversions could be set. In addition to that, circuit breaker mechanisms could be automatically applicable when the continued draining of tokens from any specific institution would render it vulnerable.”Araujo concludes the document by pointing out that Real Digital, by enabling smart contract and programmable money solutions in Brazil's financial environment, will allow the creation of customized financial services to meet the different demands of society.
The paper concludes that these resources, when combined with financial education, can provide efficiency gains and serve the entire population of the country, even those who are still on the margins of the financial system.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",audio:"https://s3.cointelegraph.com/audio/87516.84ee0043-79f9-480b-9eeb-ba9ddd79cca0.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:2128,shares:or,tags:[{id:_,slug:jr,title:ii,url:hQ},{id:"508",slug:"brazil",title:"Brazil",url:"/tags/brazil"},{id:js,slug:jt,title:ij,url:hR},{id:"6155",slug:"south-america",title:"South America",url:"/tags/south-america"},{id:xH,slug:xI,title:xJ,url:xK}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87516regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:bh,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"fed-governor-explains-who-needs-crypto-regulation-and-why-demand-for-it-is-growing",url:xh,absoluteUrl:"https://cointelegraph.com/news/fed-governor-explains-who-needs-crypto-regulation-and-why-demand-for-it-is-growing",title:ob,youtubeVideoIdCover:d,cover:xi,datePublished:ig,dateHuman:ih,humanDateTime:"2022-06-03 21:30",dateISOFull:"2022-06-03T20:30:00+01:00",publishedDateTimeObject:{year:D,month:y,day:u,hour:in_,minute:hT,second:e,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Derek Andersen",authorUrl:"/authors/derek-andersen",authorAvatar:"https://s3.cointelegraph.com/storage/uploads/view/af8c554aba399ed7df3cebda0a020e54.jpg",previewText:"Experienced investors know how to survive, Christopher Waller reasons, but there can be wide repercussions when small investors are hit with losses.",twitterLeadText:"Fed governor Christopher Waller looks at the sources of demand for regulation.",badgeSlug:g,badgeName:aB,fullText:"Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive.
The banking official used historical examples to show the relationship between technical innovation, regulation and the amassing of fortunes. “New technology — and a lack of clear rules — meant some new fortunes were made, even as others were lost,” Waller said.
Experienced investors know how to operate in unregulated marketplaces and may not need or want regulation, Waller continued. He pointed to a recent Fed survey that showed that even with the explosive crypto-assets in recent years, only 12% of American adults own crypto, and 99% of them hold it for investment purposes.
Related: How does the Fed impact crypto? | Find out on The Market Report
Intermediaries in the financial market may want regulation because new users who have negative experiences with crypto could enter into disputes with them. Waller explained: “When everyday investors start losing their life savings, for no reason except wanting to participate in a hot market, demands for collective action can mount quickly.”
Those demands can grow into the socialization of individual losses, such as calls to reimburse small investors who have suffered losses in the collapse of the Terra (LUNC; formerly, LUNA) ecosystem, the central banker reasoned. That, in turn, leads to increased demand for regulation to prevent the situation from reoccurring.
To allow broad access to the crypto ecosystem, Waller concluded:
“[...] the question isn't about what experienced users of that ecosystem want — it's about what the rest of the public needs to have confidence in the ecosystem's safety, and for better or worse, you can't program confidence.” \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n",audio:"https://s3.cointelegraph.com/audio/87517.60487c20-0351-4909-9563-f30af0914118.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:1313,shares:in_,tags:[{id:ak,slug:lF,title:lG,url:lH},{id:"169",slug:"federal-reserve",title:"Federal Reserve",url:"/tags/federal-reserve"},{id:"1021",slug:"investments",title:"Investments",url:"/tags/investments"},{id:js,slug:jt,title:ij,url:hR},{id:lC,slug:lD,title:lE,url:jz}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87517regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:lB,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more",url:xj,absoluteUrl:"https://cointelegraph.com/news/finance-redefined-maker-founder-proposes-endgame-singapore-explores-defi-and-more",title:oc,youtubeVideoIdCover:d,cover:xk,datePublished:ig,dateHuman:ih,humanDateTime:"2022-06-03 21:00",dateISOFull:"2022-06-03T20:00:00+01:00",publishedDateTimeObject:{year:D,month:y,day:u,hour:in_,minute:e,second:e,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Prashant Jha",authorUrl:"/authors/prashant-jha",authorAvatar:"https://s3.cointelegraph.com/storage/uploads/view/bf988968afe0f8e88a217e2a20c5fc1e.jpg",previewText:"Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price volatility.",twitterLeadText:"The past week in DeFi was filled with many new developments from the Terra ecosystem, meanwhile, Binance announced a new $500 million fund to accelerate Web3 development.",badgeSlug:g,badgeName:"Newsletter",fullText:"The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.
Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized bonds. KuCoin launched its very decentralized wallet with DeFi and nonfungible token support.
The top-100 DeFi tokens showed signs of a breakout from a month-long bearish trend, with most of the tokens showing overall gains in the past seven days.
MakerDAO co-founder Rune Christensen has issued a new monumental proposal to push the project into its final form called The Endgame Plan.
Across 3,000 words, including 35 detailed infographics, Christensen explained that the current model of governance at Maker creates a deadlock, making it difficult for the protocol to effectively process “complicated real-world financial deals” and compromising its competitiveness with financial institutions.
Continue reading
Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.
Binance Labs plans to allocate the latest $500 million fund to projects across various stages: incubation, early-stage and late-stage growth.
Sharing his take on accelerating the adoption of the crypto ecosystem, Binance CEO Changpeng Zhao noted the importance of a connection between values, people and economies.
Continue reading
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds.
The Project Guardian initiative, which was announced during the Asia Tech x Singapore Summit on Tuesday, was spearheaded by Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. It will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits to execute borrowing and lending on a public blockchain-based network.
Continue reading
Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam.
KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application, which is still in development.
The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Tether (USDT), in addition to other tokens.
Continue reading
Analytical data reveals that DeFi’s total value locked saw a trend reversal, with the value reaching above $80 billion again. Data from Cointelegraph Markets Pro and TradingView reveals that DeFi’s top 100 tokens by market capitalization registered a week filled with volatile price action but broke out of the bearish trend over the past couple of days.
The majority of the DeFi tokens in the top-100 ranking by market cap traded in the green, Aave (AAVE) was the biggest gainer with a 10.42% surge, followed by CurveDAO (CRV) with 10%. Theta Network (THETA) registered an 8% price rise, while Chainlink (LINK) grew 7%.
The relaunched Terra 2.0 network, which was listed by major exchanges following its revival on May 28, has seen a volatile price action since then. The Terra (LUNA) price fell by 70% on the first day of its trading and currently trading at one-third of its listing price.
Thanks for reading our summary of this week’s most impactful DeFi developments. Join us again next Friday for more stories, insights and education in this dynamically advancing space.
\n\n\n",audio:"https://s3.cointelegraph.com/audio/87493.b6512780-b46b-4fd4-8177-804c866e11cd.mp3",facebookShares:f,twitterShares:f,linkedinShares:f,redditShares:f,views:1979,shares:hU,tags:[{id:"235",slug:"singapore",title:"Singapore",url:"/tags/singapore"},{id:"1933",slug:"dao",title:"DAO",url:"/tags/dao"},{id:"7645",slug:"binance",title:"Binance",url:"/tags/binance"},{id:"9415",slug:"defi",title:os,url:ot},{id:"9426",slug:"makerdao",title:"MakerDAO",url:"/tags/makerdao"},{id:"9575",slug:"jpmorgan-chase",title:"JPMorgan Chase",url:"/tags/jpmorgan-chase"},{id:xE,slug:oq,title:aE,url:xF}],topics:[],relatedPosts:[],trackingPixelUrl:"https://zoa.cointelegraph.com/pixel?postId=87493regionId=1",showShares:b,showStats:b,isNoIndex:a},{id:fX,isDeleted:a,isDisclaimerHidden:f,isSponsored:a,isPressRelease:a,isExplained:a,slug:"alchemy-announces-support-for-solana-web3-applications-the-day-after-blockchain-halted",url:xl,absoluteUrl:"https://cointelegraph.com/news/alchemy-announces-support-for-solana-web3-applications-the-day-after-blockchain-halted",title:od,youtubeVideoIdCover:d,cover:xm,datePublished:ig,dateHuman:ih,humanDateTime:"2022-06-03 19:45",dateISOFull:"2022-06-03T18:45:00+01:00",publishedDateTimeObject:{year:D,month:y,day:u,hour:nR,minute:il,second:e,millisecond:e},categorySlug:af,categoryUrl:ag,categoryName:ah,authorName:"Bruno Invernizzi",authorUrl:"/authors/bruno-invernizzi",authorAvatar:oh,previewText:"The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022.",twitterLeadText:"Solana's recent troubles haven't deterred Alchemy from supporting the blockchain.",badgeSlug:g,badgeName:aB,fullText:"In an announcement published by Alchemy just one day after the Solana network temporarily halted on June 1, the Web3 development platform and infrastructure provider announced its support for the controversial blockchain.
Caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately four hours on Wednesday. This isn’t the first time the system has been compromised, as normal functionality has been halted five times already this year.
That didn’t seem to be a problem for Alchemy, which gives developers the ability to use its software and infrastructure in Solana-built applications. Now reportedly valued at $10.2 billion, the company is the creator of a Web3 API called Alchemy Supernode and a development suite used for monitoring and debugging called Alchemy Build.
We’re officially supporting @solana
Solana devs: start building with Alchemy. Get reliability and scale.
Alchemy devs: start building on Solana. Get speed and affordability.
Everyone: here's why it's a game-changer pic.twitter.com/t1il3SKq4G
This software has proved itself useful in the past when scaling and monitoring, with some of the company's biggest partners including projects like nonfungible token marketplace OpenSea and liquidity protocol Aave (AAVE).
Francesco Agosti, chief technology officer and co-founder of Phantom, said his firm is excited about Alchemy’s Solana integration. “Their infrastructure and product suite has a proven track record for performance benefits,” he said. “This will be a game changer for Phantom and any other Solana developers who choose to start using Alchemy.”
Related: Chainlink launches price feeds on Solana to provide data to DeFi developers
This new integration goes to show that, despite recent outages and the price of Solana’s native SOL token falling 85% from its all-time high, it seems like the blockchain didn’t lose developers' trust and so continues to be a valuable resource when building efficient Web3 applications.
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b",open:518.15838644,openFormatted:"518.16",high:574.6793106,highFormatted:"574.68",low:435.4351386,lowFormatted:"435.44",volume24hour:34349386.12833708,volume24hourFormatted:"34.35 m",coinTradeVol:75598.87459476,coinTradeVolFormatted:"75.60 k",supply:hH,supplyFormatted:hI},{id:aw,name:fx,label:aP,url:fz,logo:fy,value:wM,valueAltDesktop:wM,valueAltMobile:wM,changePercentage:IC,changeForWeek:e,changeForWeekFormatted:jn,changeForMonth:e,changeForMonthFormatted:jn,isUp:a,isDown:b,isVisibleOnDesktop:a,isVisibleOnMobile:a,mktcap:39749472027,mktcapFormatted:"39.75 b",open:41.420437112,openFormatted:"41.42",high:45.697125885,highFormatted:"45.70",low:38.07701212,lowFormatted:"38.08",volume24hour:11620805.40921569,volume24hourFormatted:"11.62 m",coinTradeVol:292351.189,coinTradeVolFormatted:"292.35 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m",supply:hN,supplyFormatted:hO}]},currencies:[{id:Am,name:h,sign:An,value:me},{id:Ao,name:i,sign:Ap,value:mC},{id:Aq,name:j,sign:Ar,value:mZ},{id:As,name:k,sign:md,value:nl},{id:At,name:l,sign:Au,value:nr},{id:Av,name:m,sign:Aw,value:nv},{id:Ax,name:n,sign:Ay,value:nB},{id:Az,name:AA,sign:AB,value:nF},{id:AC,name:o,sign:md,value:nL}],graphs:{}},types:{},user:{isAuthed:a,isAuthedBySocials:a,token:q,id:q,firstName:d,lastName:d,userName:d,avatar:d,email:d,description:d,userGaId:d,ipAddress:"192.3.197.69",analyticsData:[],sessionId:d},vendors:{isVendorsModalShown:a,info:{},localI18n:{}},viewport:{isWindowActive:b,viewportWidth:e,viewportHeight:e,scrollTop:e,scrollIsLocked:a,breakpoint:"XS",isOverlayVisible:a,userDeviceType:{apple:{phone:a,ipod:a,tablet:a,device:a},amazon:{phone:a,tablet:a,device:a},android:{phone:a,tablet:a,device:a},windows:{phone:a,tablet:a,device:a},other:{blackberry:a,blackberry10:a,opera:a,firefox:a,chrome:a,safari:a,device:a},any:a,phone:a,tablet:a},bottomZoneHeight:e}},serverRendered:b,routePath:nP}}(false,true,2,"",0,void 0,"default","USD","EUR","GBP","JPY","RUR","KRW","TRY","CNY","_self",null,4,"Language","0.00",3,1,"1.00 b",1000000000,6,"22","en","6","1",2022,50,"2","es","EOS","NEO","0.00 ","23","fr",5,"19.08 m",100000000,"100.00 m","1.00","0.93","17","Note that all trading strategies are to be used at your own risk. Before trading, we recommend to make sure that you have a clear understanding of cryptocurrencies and how they are traded.","xxs","xs","sm","md","lg","0.80","11","0.08","0.03","4","27",79,138,"latest-news","/category/latest-news","Latest News","Bitcoin","ar","72","adbutler","20","21","39","53","57","61","0.32","7",48,"33","71","0.38","article","cointelegraph.com","de","News",51,"Ethereum","Terra","26","18","54","37","38","58","0.05","3.00 b","en.LanguageType.1","Tether","ApeCoin","Solana",10,"https://cointelegraph.us3.list-manage.com/subscribe/post-json?u=2c088712615955cd2f82aa968id=7376af3992","https://cointelegraph.us3.list-manage.com/subscribe/post-json?u=2c088712615955cd2f82aa968id=aad9f6b505","/bitcoin-cash-price-index","/ltc-price-index","/xrp-price-index","/xmr-price-index","_blank","52","34","24","30","35","36","70","es.cointelegraph.com","87543","87541","87517",8,"tr",47,"BTC","\n\n\n ","/bitcoin-price","ETH","\n\n\n\n\n\n\n\n ","/ethereum-price","3","LTC","Litecoin","\n\n\n ","15","BNB","Binance Coin","\n\n\n \n","/binance-coin-price-index","SOL","\n\n\n\n\n\n\n\n \n\n \n","/solana-price-index","XRP","Ripple","\n\n \n","BCH","Bitcoin Cash","\n\n\n ","XMR","Monero","\n\n\n\n \n","8","DASH","Dash","\n\n\n\n \n","/dash-price-index","9","\n\n\n \n","/eos-price-index","73","WAVES","Waves","\n\n ","/waves-price-index","ZEC","Zcash","\n\n\n\n\n \n","/zec-price-index","12","ADA","Cardano","\n\n ","/ada-price-index","13","\n\n\n\n \n","/neo-price-index","14","TRX","TRON","\n\n\n \n","/tron-price-index","16","XLM","Stellar","\n\n\n\n \n","/stellar-price-index","USDT","\n\n\n \n","/tether-price-index","MIOTA","IOTA","\n\n \n","/iota-price-index","19","ONT","Ontology","\n\n\n \n","/ontology-price-index","MKR","Maker","\n\n\n \n","/maker-price-index","BSV","Bitcoin SV","\n\n\n \n","/bsv-price-index","DOGE","Dogecoin","\n\n\n \n","/doge-price-index","ETC","Ethereum Classic","\n\n\n\n\n\n\n\n\n\n\n\n\n \n","/etc-price-index","XTZ","Tezos","\n\n\n\n\n\n\n \n\n \n","/xtz-price-index","XEM","NEM","\n\n\n\n \n","/nem-price-index","USDC","USD Coin","\n\n\n ","/usdc-price-index","28","CRO","Cronos","\n\n\n\n ","/cronos-cro-price-index","29","ATOM","Cosmos","\n\n\n\n\n\n\n\n \n","/cosmos-price-index","LEO","UNUS SED LEO","\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n \n","/leo-price-index","UNI","Uniswap","\n\n\n\n \n\n\n\n\n \n\n \n","/uniswap-price-index","55","YFI","Yearn.finance","\n\n\n\n\n \n","/yearn-finance-price-index","MATIC","Polygon","\n\n\n \n","/polygon-price-index","BAND","Band Protocol","\n\n\n \n","/band-protocol-price-index","LINK","Chainlink","\n\n\n \n","/chainlink-price-index","41","DOT","Polkadot","\n\n \n","/polkadot-price-index","COMP","Compound","\n\n\n \n","/compound-price-index","AAVE","Aave","\n\n\n\n\n\n\n \n\n \n","/aave-price-index","SUSHI","SushiSwap","\n\n\n \n\n\n\n\n\n \n\n\n\n\n\n \n\n \n","/sushiswap-price-index","SNX","Synthetix","\n\n\n \n","/synthetix-price-index","40","CAKE","PancakeSwap","\n\n\n\n \n\n\n\n\n \n\n \n","/pancakeswap-price-index","LUNA2","\n\n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n \n\n","/terra-price-index","VET","VeChain","\n\n ","/vechain-price-index","AVAX","Avalanche","\n\n\n \n","/avalanche-price-index","60","SAND","The Sandbox","\n\n\n\n\n\n\n \n\n ","/the-sandbox-sand-price-index","MANA","Decentraland","\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n ","/decentraland-mana-price-index","62","AXS","Axie Infinity","\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n \n\n ","/axie-infinity-axs-price-index","63","DAI","Dai","\n\n\n\n \n\n\n\n \n\n","/dai-price-index","65","FTT","FTX Token","\n\n\n\n\n\n\n ","/ftx-token-ftt-price-index","64","NEAR","Near Protocol","\n\n\n ","/near-protocol-price-index","68","FTM","Fantom","\n\n\n ","/fantom-ftm-price-index","69","ALGO","Algorand","\n\n\n ","/algorand-algo-price-index","67","HBAR","Hedera","\n\n\n ","/hedera-hbar-price-index","66","HT","Huobi Token","\n\n\n\n ","/huobi-token-ht-price-index","59","EGLD","Elrond","\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n ","/elrond-egld-price-index","APE","\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n \n","/apecoin-ape-price-index","GMT","STEPN","\n\n\n\n\n\n\n\n\n \n\n ","/stepn-gmt-price-index","ICP","Internet Computer","\n\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n \n\n \n\n\n ","/internet-computer-icp-price-index","56","SHIB","Shiba Inu","\n\n\n\n\n\n\n\n\n\n \n","/shiba-inu-price-index","0.40","1.06 b","33.40 b","1.20 b","6.43 b","en.LanguageType.2","5","fr.cointelegraph.com","87524","87523","87512","nexo-button","kucoin-button","47",95,19059387,"19.06 m",121066182.124,"121.07 m",70445508.23347135,"70.45 m",163276974.63,"163.28 m",522727523.0374462,"522.73 m",99989535142,"99.99 b",19082968.6466511,18130933.97171747,"18.13 m",10766105.9086844,"10.77 m",1056596381.2335,108457246,"108.46 m",12517864.50610347,"12.52 m",33402166542.5559,99241947122,"99.24 b",50001787773.99812,"50.00 b",72543449552.93259,"72.54 b",2779530283.277761,"2.78 b",977631.0369508882,"977.63 k",19079220.39423905,134718796383.70523,"134.72 b",133731977.89572993,"133.73 m",918810163.446905,"918.81 m",8999999999,"9.00 b",54022734780.65432,"54.02 b",30263013692,"30.26 b",297669485.311061,"297.67 m",935731351.9,"935.73 m",36666,"36.67 k",10000000000,"10.00 b",1200135342.2222092,10000000,"10.00 m",16000000,"16.00 m",242553257.78954005,"242.55 m",268756475.4054486,"268.76 m",170425402.0557262,"170.43 m",85985041177,"85.99 b",404916550.9242144,"404.92 m",3000000000,2193653627.3201466,"2.19 b",270000000,"270.00 m",6433519038.281508,315809573.0859715,"315.81 m",705675585.9449099,"705.68 m",2694882081.3704147,"2.69 b",7272676703.169395,"7.27 b",21084766583.109203,"21.08 b",207350657.2544121,"207.35 m",23788802,"23.79 m",5869047389.904262,"5.87 b",482358730.24823487,"482.36 m",589673044022082.5,"589.67 t","0.15","/tags/blockchain","/tags/adoption","en.LanguageType.6",30,11,"/category/market-analysis","Market Analysis","side","https://nexo.io/buy-crypto?utm_source=cointelegraphutm_medium=fixedutm_campaign=cointelegraph_button_buy_apr22","Kucoin","https://www.kucoin.com/?utm_source=CTC-1",165,"0.36","0.30","0.89","1.37","4.80","87506","2022-06-03","Jun 03, 2022","Blockchain","Adoption","ar.cointelegraph.com",45,21,20,"br","cointelegraph.com.br","pt-BR",7,9,25,"Large devices"," 1200px","Medium devices"," 992px","Small tablets"," 768px","Smartphones"," 480px","Extra small devices","