Cardano's DEX moved more than $10 million in the last few hours and $65 million in the last week, positioning itself as the 9th blockchain in the decentralized ecosystem. This and more news in this practical summary daily so that you are always informedwith events most recent that occur within the crypto world.
Cardano DEXs moved more than $65 million in the last week
📍According to data from DeFi Llama, Cardano is the 9th blockchain with the highest trading volume recorded in its DEXs in the last few hours. Cardano's DeFi ecosystem continues to gain momentum despite the decline in major crypto assets. In the past few hours, DEXs on the Cardano network recorded over $10,8 million in trading volume.
Weekly decentralized trading volume on DEXs has seen 146% growth, surpassing $65 million in the last 7 days.
Source: DeFi Llama
New rules for cryptocurrency companies in El Salvador
📍El Salvador has approved new regulations involving cryptocurrency companies. According to a publication in the Official Gazette of the Republic of El Salvador, cryptocurrency companies will be obliged to inform the authorities about their users' transactions. The measure, as explained in the statement, seeks to facilitate the identification of illegal or suspicious operations to reinforce anti-money laundering laws and protect the assets of clients and users.
Amendment to South Korea's Public Officials Ethics Law Approved to Include Cryptocurrencies
📍Public officials will have to disclose their cryptocurrency holdings in South Korea. An amendment to the Public Officials Ethics Law was unanimously approved in the National Assembly of South Korea, so the government will require officials to declare their ownership in cryptocurrencies as a measure to fight corruption, money laundering money and unethical practices.
Last year, the country's National Health Insurance Service was embroiled in a corruption scandal when one of its officials stole nearly 4.000 billion won (about $2,8 million) in cryptocurrency and then fled the country. This same week, it was learned that four employees of the Coinone company stole nearly $2,3 million dollars using more than 40 crypto assets while they were listed on the Korean platform. Likewise, it was learned that politician Kim Nam-kuk, of the democratic party, kept nearly $4,5 million in cryptocurrencies on the Wemix platform. When the news broke, other Korean politicians and even members of the National Assembly also moved significant amounts of money in cryptocurrencies.
Now, with the modifications made to the Public Officials Ethics Law, public officials and employees are required to report their ownership in crypto assets in their asset declaration.
Euro Coin comes to Avalanche
📍Euro Coin stablecoin, pegged to the euro, expands to the Avalanche blockchain. This is a movement in which its issuing company, Circle, seeks to improve access to the euro and the opportunities for this currency in the global market.
El Euro Coin deployment in Avalanche It allows developers to integrate the stablecoin into their decentralized applications and projects, allowing users to buy, sell, exchange and trade using this digital currency. The integration into Avalanche has made Euro Coin a multi-chain stablecoin, which is also available on the Ethereum blockchain.
Continue reading: Solana offers access to ChatGPT through its blockchain infrastructure
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