Bored Ape Yacht Club (BAYC) has voted for $2 million to be taken out of its treasury funds in order to fund the NFT’s marketplace projects. Ape Drops is the official marketplace of Bored Ape Yacht Club (BAYC) which is presently managed by Manifold Studio. According to the Ape Drops marketplace, the proposal is a written plan for the present and future and aims to establish a stable marketplace funded by the treasury funds.
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt that Argentina has with the International Monetary Fund (IMF).
Fantom (FTM), the native token on the eponymous blockchain, fell sharply after one of its largest DeFi exchanges (DEX) was hit with a hack.
A recent report by The Guardian claims that crypto muggings are on the rise in London, as thieves target phones in order to gain access to digital assets.
Shiba Inu price analysis for May 14, 2022, comes on a bearish note for the meme coin with increased chances of retaining the downtrend. In the last few months, we have seen the meme coin retain its position as the 15th biggest cryptocurrency in the market. As noted in our SHIB price analysis for April 22, the token lost the important price level of $0.000025, and the price since then has been declining. Furthermore, in the last 24 hours, we saw SHIB lose 8% of its prices while there are speculations that another drop might soon come.
Terra founder Do Kwon has finally come public on Twitter after announcing the “Terra ecosystem revival plan.” Do Kwon says the team is currently working on using the Bitcoin reserves of Luna Foundation Guard (LFG) to rescue the Terra ecosystem. The focus is to save the community and developers.
Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the attack after numerous users reported unusual MetaMask pop-ups prompting users to connect their crypto wallets to the website.
The success and mass adoption of the Metaverse relies on the ability of users to build their own. In other words, utilizing metaverse-as-a-service technology.