Argentina’s central bank bans lenders from offering crypto services
The Central Bank of the Argentine Republic (BCRA) has barred banks in the country from offering crypto services. Lenders are prohibited from offering customers any operations involving unregulated digital assets. The announcement comes just days after Banco Galicia (Argentina’s largest private bank) added the option to buy and sell crypto on its platform.
Crypto prices today: Bitcoin falls 8%, ETH down 6.4%
Bitcoin is currently trading at $36,418.38, a 7.94% decline over the previous day. Ethereum is down 6.34% over the last 24 hours to $2,743.06. Solana crashed 10.8% to $82.96, while Cardano is trading lower by 8.24% at $0.793. Avalanche (AVAX) crashed 12.27% to $58.79. The global crypto market cap stands at $1.67 trillion, a 6.86% decline over the previous day.
Investors have turned risk-averse amid fears of aggressive interest rate hikes to curb inflation.
Twitter’s Bluesky releases first code for decentralized social media network
Bluesky, a Twitter-backed project to develop an open and decentralized standard for social media, released its first bit of code. The Authenticated Data eXperiment (ADX) code contains a software developer kit. It also contains server implementation and basic commands for things one might do within a social network, including creating posts and liking others’ posts.
ONMO launches crypto payments for users
ONMO, the direct-to-consumer social esports mobile gaming platform from OnMobile, has enabled transactions through Bitcoin for players across the globe. While ONMO users in India can play using real money, users in other parts of the globe will now have the choice of using Bitcoins to pay entry fees for 1-on-1 battles and daily multiplayer tournaments.