Missed out on some of the top crypto news throughout the week? Worry no more! We have got you covered! Below is the round-up of all the top crypto regulation, NFT, and metaverse stories around the globe this week that you might have missed!
Read more to know the top crypto news for the week.
TOP CRYPTO NEWS, WEEKLY WRAPUP: TOP NFT PROJECTS & BLOCKCHAIN NEWS
Solana went dark for a whole of 7 hours on Saturday as the network experienced an “insane amount of data”. For reasons not yet clear, validators were knocked out of the consensus while the blockchain was grinding and still block production. In preparing for the restart validators mulled whether to implement code that would temporarily block Candy Machine transactions. Some debated in the Discord whether such a move constituted censorship. Regardless, it would only be effective if two-thirds of validators opted in. Few appeared to do so on Saturday night. Read more.
The largest and the second-largest private banks in Argentina, Banco Galicia and Brubank will now allow their clients to make crypto purchases. According to reports from Bloomberg, a resounding 60% of the respondents in a poll asked the government to make crypto more accessible. This catalyzed the decisions of the banks to allow crypto trading. Read more.
Indian online travel company MakeMyTrip has launched a non-fungible-token (NFT) collection of Indian tourist destinations, becoming the first Indian travel brand to step into the NFT space. Each NFT in the collection provides images of India’s most acclaimed travel destinations. The proceeds from the sale of the NFTs will support MakeMyTrip’s upcoming projects focusing on promoting sustainable tourism in India. Read more.
Gucci has joined the list of brands that are now accepting cryptos as a mode of payment. The Italian high-end fashion label Gucci has announced about accepting crypto payments in five of their United States stores with its plans to extend the same in 111 stores across North America. The cryptos being accepted by Gucci are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), and other five U.S dollar stable coins according to Vogue Business. Read more.
Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks. Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them. The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. Read more.
Weekly Price Change in Top Cryptos
| Crypto | Price | Percentage Change |
| Bitcoin | $36,065.96 | -2.42% |
| Ethereum | $2,688.02 | -2.24% |
*All prices are latest by 11:25 PM, 06 May 2022.
Top Gainers and Losers Today
Top 5 Crypto Gainers
| Crypto | Price | 7d Percentage Change |
| Tron (TRX) | ₹6.62 | 29.30% |
| Anchor Protocol (ANC) | ₹165.80 | 17.47% |
| 1inch (1INCH) | ₹108.74 | 7.42% |
| Algorand (ALGO) | ₹56.04 | 7.09% |
| XDC Network (XDC) | ₹4.93 | 1.63% |
*All prices are latest by 11:25 PM, 06 May 2022.
Top 5 Crypto Losers
| Crypto | Price | 7d Percentage Change |
| Kyber Network (KNC) | ₹231.81 | -45.85% |
| ApeCoin (APE) | ₹1,065.15 | -41.24% |
| Sushi (SUSHI) | ₹180.31 | -20.51% |
| Oasis Network (ROSE) | ₹12.99 | -19.99% |
| WAX (WAXP) | ₹15.60 | -19.56% |
*All prices are latest by 11:25 PM, 06 May 2022.
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| Audius (AUDIO) | $603,107,008 | 713,381,683.00 AUDIO |
| JasmyCoin (JASMY) | $90,530,704 | 4.75B JASMY |
| Waves (WAVES) | $1,369,462,677 | 108,144,814.00 WAVES |
| Mina (MINA) | $821,576,611 | 482,124,303.84 MINA |
*All prices are latest by 11:25 PM, 06 May 2022.
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