The biggest news in the Cryptoverse on March 1st was Robinhood launching a self-custody wallet on Apple’s app store. Elsewhere, Justin Sun of Huobi and Tron fame called for uniform regulation in the crypto industry, adding that Binance’s AI art is a generator, a digital US dollar, and he’s Coinbase’s BUSD. News about volume.

CryptoSlate Top Stories

Robinhood self-custody wallet launches on iOS

Crypto exchange platform Robinhood’s wallet application was launched on the iOS application store on March 1st. announcement Posted on the Robinhood blog.

The announcement states that users can earn a one-time reward of up to 5 USD Coin (USDC) when they transfer $10 to the wallet app using the Robinhood Crypto wallet. A reward of 1 USDC can be claimed if the user initiates the transfer from another wallet or exchange.

Robinhood’s wallet application currently supports Polygon (MATIC) and Ethereum (ETH) networks, and we expect more chains to be supported in the future. It also supports his NFTs on MATIC and ETH chains.

Justin Sun calls for unified crypto regulation

Justin Sun, founder of Tron DAO (TRX) and advisor to Huobi Global, said regulation would be beneficial to the cryptocurrency industry. He added that globally unified rules complement the spirit of exclusive blockchains. interview He gave CNBC.

Sun explained that an international regulatory framework is well suited for the cryptocurrency industry, as blockchain technology has emerged to set global standards for financial transactions.

Former Biden adviser urges development of digital dollar, ‘locks out’ private cryptos

Former Joe Biden Administration Advisor Daleep Singh Said The Senate Banking Committee said on February 28 that developing a central bank digital currency, or digital dollar, would protect national interests and replace private cryptocurrencies.

Singh previously served as Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council. He was one of the key figures in formulating the sanctions imposed on Russia following its invasion of Ukraine.

In response to a question from Elizabeth Warren, Singh said that cryptography allows certain financial crimes like ransomware to be committed, and agreed that it would be impossible without cryptocurrency.

Binance’s AI NFT generator is overwhelmed with requests within an hour of launch

Binance CEO Changpeng Zhao is commonly known as “CZ”. announced On March 1st, the Beta version of Bicasso, a non-fungible token (NFT) artificial intelligence (AI) generator, was released.

However, within an hour of the announcement, the AI ​​tool received more requests than it could handle. The tool started prompting “Too many requests in queue. Please try again later”.

BUSD Trading Volume Dropped To Lowest Point In February On Coinbase

Binance USD (BUSD) stablecoin trading volume has fallen to its lowest point since Coinbase went public in April 2022.

according to data According to Dessislava Ianeva, a research analyst at Kaiko, the stablecoin saw $9 million in trading volume in February. Ianeva added that BUSD accounts for just 0.02% of her Coinbase total.

Over the past month, BUSD has come under intense regulatory scrutiny. On February 13, BUSD issuer Paxos was ordered by the New York Department of Financial Services (NYDFS) to suspend other mints of stablecoins.

Poop Emoji Bitcoin Ordinal Sells For $28,000 – Wash Trading Or Legal?

Bitcoin Ordinals Depicting Poop Emoji 1.2BTC — Equivalent to approximately $28,000 as of March 1st.

The ordinals were labeled with the inscription #121 and cast in blocks 773820.

It is unclear if this deal was a legitimate sale or a wash trading attempt to raise interest in the NFT ecosystem as a whole.

Quantum Temple signs NFT partnership with Indonesian Ministry of Tourism

When it comes to blockchain and cultural heritage, few have more expertise on the subject than Linda Adami, alma mater of the Dubai Future Foundation’s innovative accelerator program. Adamis is working at the forefront of blockchain technology and sustainable tourism today.

“Cultural heritage is incredibly underfunded,” she told CryptoSlate in a March 1 interview. “But what if NFTs could be used to create immutable archives of culture and use them to develop new models to encourage current and future generations to remain engaged with cultural heritage? ”

Indian exchange Bitbns admits $7.5 million was hacked last February

Crypto Detective, who calls himself ZachXBT on Twitter, claimed Indian cryptocurrency exchange Bitbns covered up the hack under the guise of “system maintenance” on February 1, 2022. 2023.

Bitbns CEO Gaurav Dahake confirmed at AMA session Today we found out that the exchange was indeed hacked 13 months ago. But Dahake insisted the system was taken offline to analyze the anomaly, not a ruse to hide the hack.

Yield agriculture sector up 8%, according to CryptoSlate data

Yield farming platforms and protocols have surged 8% over the past 24 hours, with the sector’s market capitalization now exceeding $10 billion.

The Yield Farming Token Sector refers to a subset of the decentralized finance (DeFi) ecosystem focused on providing incentives for users to provide liquidity to various DeFi protocols.

Chainlink launches web3 serverless developer platform for connecting web2 APIs to web3

Chainlink, a Web3 oracle provider, has announced a new serverless developer platform “Chainlink Functions” on the Web3 Services Platform to enable developers to build decentralized applications and connect smart contracts to any web2 API.

crypto market

Bitcoin (BTC) has risen over the last 24 hours 0.79% Ethereum (ETH) Trades At $23,411.43 While Rising 1.15% $1,640.63.

Biggest Gainers (24 hours)

  • RSK Infrastructure Framework (RIF): +22.84%
  • Manufacturers (MKR): +18.57%
  • Conflux Network (CFX): +18.06%

Biggest Loser (24h)

  • Nervos Network (CKB): -6.92%
  • Energy Web Token (EWT): -5.81%
  • Gitcoin (GTC): -5.64%

By Jules

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