Blockchain data provider Glassnode has revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level on record since the last peak of 38.7 million reached in April. This is the highest level recorded since the last peak of 38.7 million reached last April.
Total Value Locked in Ethereum Layer-2 Platforms Hits New Record High Above $6,167,000,000
The total value locked in (TVL) metric on Ethereum Tier-2 platforms continues to retake its all-time high. According to L2BEAT, TVL reached a record high of more than $6.16 billion over the weekend.
US Regulators Will Announce How Banks Integrate with Bitcoin in 2022
US banks will be informed with greater regulatory clarity about how they can relate to Bitcoin and cryptocurrency. In this sense, Fed, FDIC, and OCC plan to publish guidelines for financial institutions to provide services in the digital asset class.
IMF Warns El Salvador Against Using Bitcoin As Legal Tender
The International Monetary Fund (IMF) has taken another anti-crypto stance this time, warning El Salvador that the Bitcoin legal tender poses a potential threat to financial stability. In a statement released yesterday, the IMF noted that although cryptocurrency has made significant gains, the use of Bitcoin legal tender can cause economic damage to consumers and the financial stability of the country due to its extremely volatile nature.
Ripple and the Republic of Palau Have Partnered To Develop a Digital Currency
Ripple has not abandoned its mission to become a major player in the global payments industry despite the problems. Although things are not going so well in the US, Palau considers the company the best option for developing a local currency based on the US dollar. According to a statement shared by Ripple, Palau has chosen XRP Ledger to create digital dollars for circulation in the country.
Canadian Investment Firm Buys Virtual Real Estate Worth $2.5 Million in Decentraland
On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland.
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