The People’s Bank of China Crypto Crackdown Continues

Key Takeaways

The People’s Bank of China has declared that almost all virtual currency-related activities are now illegal.
PBOC and Chinese authorities have issued harsher penalties and stricter surveillance for crypto trading and mining.

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Cardano Announces dAppStore for Certified DeFi Applications

Key Takeaways

Cardano is launching a storefront for certified, decentralized applications called the Plutus dAppStore.
The goal of the dAppStore is to make dApps running on Cardano easier for discovery.
IOHK is also launching a formal certification program for third-party dApps on Cardano.

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Terra Competitor Kava Expands DeFi With $185M Fund

Key Takeaways

Kava Labs has created a new Ignition Fund of $185 million to finance new DeFi protocols.
Several DeFi projects will be financed to build on top of Kava, the core team announced.
Assets under management (AUM) on the Kava network has increased to over $2 billion recently.

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