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TRON Achieves Multiple Massive Milestones in May
source link: https://nextbigwhat.com/south-korean-government-to-invest-177-1-million-in-metaverse-projects/
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about 6 hours ago
- South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects.
- The program is headed by the country’s science and information and communication technologies ministry led by Lim Hyesook. Hyesook called the metaverse “an uncharted digital continent with indefinite potential,” indicating the government’s interest in taking lead in the metaverse tech.
- The national fund would be first utilized to build a metropolitan level metaverse platform that would allow citizens to access various government schemes and services virtually, reported CNBC.
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FTX Becomes Second Largest Crypto Exchange in May, Overtaking Coinbase
about 6 hours ago
- FTX overtook Coinbase in May as the second-largest centralized cryptocurrency exchange by market share, according to data compiled on The Block Research.
- The market dominating exchange so far is Binance, which holds 64.1% of the market share, followed by FTX and Coinbase statistically on a monthly basis.
- After Coinbase, the next most popular centralized exchanges during this period were Kraken (3.7%), Bitfinex (2.6%), and LMAX Digital (2.6%). Overall, crypto trading volumes grew 19.6% in May, totalling $830.4 billion.
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TRON Achieves Multiple Massive Milestones in May
about 6 hours ago
- TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks.
- From forging strong relationships with issuance platforms like Tether and Circle to establishing the TRON DAO Reserve and launching USDD based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD.
- The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve.
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