Market Worth as of July 5, 2021:
Bitcoin closed July 4, 2021, at $35,394 per BTC. We’re up 14.1% within the final 7 days and up 17% within the final 30 days. That is additionally 45% beneath the all-time excessive of $64,804, which was hit on March 13, 2021.
Bitcoin’s market capitalization stands at the moment at $647,633,037,652 which is 43% of the complete cryptocurrency market. All the crypto market, by the way in which, now has a market cap of $1,484,981,959,490 (+1.1%).
On the desk above, there’s the cryptocurrency SLP. In case you marvel what that’s, try this text: Playing Axie Infinity vs Minimum Basic Salary in the Philippines.
Word: Info introduced on this article is in your reference solely and should not be construed as monetary recommendation.
SLP, AXS Go Up
Two tokens related to Axie Infinity, AXS and SLP, went up considerably this weekend after changes to breeding requirements of Axies and continued elevated demand for Axies. When Sky Mavis, the builders of the sport, introduced that it’s growing the AXS requirement for breeding from 2 AXS to Four AXS, it mentioned it thought the transfer would allow a more healthy Axie economic system. The chart of cumulative Axie quantity, to date, seems like this:
This implies regardless of the rise in breeding necessities, the demand for Axies are simply persevering with to trigger the costs to additional improve. That is good for Axie gamers liquidating their SLP however breeders (or probably the small time breeders and people eager to play Axie by shopping for their very own workforce) is perhaps hurting. Sky Mavis did say that the rise in breeding payment is simply short-term.
Learn our newest articles on Axie Infinity:
Native Crypto Information
PSE Considers Internet hosting Structured Crypto Buying and selling ‘to Shield Buyers’
In a web based information briefing, PSE President Ramon S. Monzon mentioned it’s considering to host crypto trading on the stock exchange itself, primarily for the safety of traders. For that to occur, steering from the Philippines Securities and Trade Fee have to be clarified first. “We’re ready for the principles from the Securities and Trade Fee,” Monzon mentioned.
“It’s an asset class that we can’t ignore anymore.”
Binance Applies Transaction Charges to P2P Buying and selling
In an announcement, Binance mentioned it’ll maintain 0 fees for market ‘takers’ (individuals who interacts with present affords on the platform) whereas market ‘makers’ (individuals who put up ads or affords on the P2P market or to place merely, the retailers) will probably be charged a payment fee starting from Zero to 0.35% is dependent upon the fiat markets & buying and selling pairs used. That is efficient as of July 1, 2021 2:00 AM (UTC).
PH SEC Advisory In opposition to MASA MART – XUM TOKEN – Funding Scheme
SEC additionally confirmed that this can be a ponzi scheme and warned that these individuals who act as salesmen, brokers, sellers or brokers may be criminally prosecuted & penalized with a minimal effective of 5 Million pesos (Php 5,000,000) or be penalized by Twenty-one (21) years of imprisonment or each pursuant to Sections 28 & 73 of the SRC.
PayMaya Eyes Digital Banking License After Securing $167M from Tencent, PLDT, IFC
28 percent of the capital (round $46 million) got here from earlier pledge funds and the remaining (round $121 million) got here from present PLDT shareholders; KKR, a worldwide funding agency; Tencent, a Chinese language multinational know-how conglomerate holding firm; Worldwide Finance Company (IFC), a member of the World Financial institution Group; and IFC Monetary Establishments Development Fund, a fund managed by IFC Asset Administration Firm (IFC-AMC) which is working underneath IFC & a brand new investor.
The capital increase will probably be used to speed up their enlargement & get hold of a digital banking license from the Bangko Sentral ng Pilipinas (BSP). As soon as granted, PayMaya might present a extra low-cost, cell first, neo-banking service on the again of its tech stack. (Learn extra: BSP Approves ‘Digital Bank’ as New Category of Bank)
4 Ideas for NFT Artists To Shield Themselves from Hacking and On-line Theft
As NFT artwork continues to achieve reputation, malicious hackers and artwork thieves have began concentrating on NFT artists as effectively due to the demand and excessive potential reward. We shared some concepts in this article to ensure that NFT artists (and just about anybody working on-line) to guard themselves from hacking and on-line theft.
This text is revealed on BitPinas: Weekly Wrap-Up: Number Go Up, For SLP Atleast (July 5, 2021)