Cardano, which is being developed as the crypto industry's first scientific blockchain, has reached a new record in terms of unique ADA wallets. This and more news is in this handy daily digest so that you are always up to date with the latest events happening within the crypto world.
Over 4 million unique wallets on Cardano
📍More than 4 million unique wallets have been created on the Cardano network. During the month of March, the number of unique ADA wallets on the Cardano network grew by 1,3%, surpassing 4 million units at the time of writing.
Data from the Cardano Blockchain Insights platform shows that there are currently a total of 4.013.704 ADA wallets, the native cryptocurrency of the blockchain network.
Source: Cardano Blockchain Insights
So far this year, Cardano has seen exponential growth in terms of unique ADA wallets, from 3,5 million in January to over 4 million today.
Also, the number of smart contracts deployed on the ADA blockchain has increased significantly. The same data platform shows that there are about 5.230 smart contracts on the blockchain, with a growth of 1,6% in the last month.
SEC targets another cryptocurrency platform
📍Beaxy Exchange joins cryptocurrency platforms being sued by US regulators. The US Securities and Exchange Commission (SEC) has sued crypto platform Beaxy Exchange, accusing it of trading crypto assets without being properly regulated.
According to SEC Release, Beaxy Exchange had been operating as an unregistered exchange, brokerage, and clearing business simultaneously. In addition, the US regulator accused the company’s founder, Artak Hamazaspyan, of raising around $8 million from the unregulated sale of the BXY token and misappropriating around $900.000 of these funds for his personal use.
Following the lawsuit, the cryptocurrency platform shut down its operations. The web portal Beaxy Exchange cites “uncertain regulatory environment” as the main cause for its sudden closure.
MercadoLibre enables the purchase and sale of cryptocurrencies in Chile
📍MercadoLibre brings cryptocurrencies to Chile. The Argentina-based e-commerce platform, the largest in the Latin American market, is extending its cryptocurrency trading services to Chile, allowing millions of Chileans to access this growing market.
Osvaldo Gimenez, fintech director at MercadoLibre, said on Twitter that Chileans can now buy, sell, exchange and store the main cryptocurrencies on the market, Bitcoin (BTC) and Ethereum (ETH), through its digital wallet application MercadoPago.
The service is similar to the one offered by the e-commerce company in Brazil and Mexico. According to Gimenez, more than 2 million users in Brazil are accessing cryptocurrencies from its app, while in Mexico, in the first month of the launch of its service, some 150.000 people registered to trade crypto assets.
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