Crypto On LYO: The Blend — LYO Credit Listing on LATOKEN, Hong Kong Urges Banks to Provide Services to Licensed Crypto Firms, PEPE Memecoin Among 100 Largest Cryptocurrencies
What happened in the crypto world in the last week? Let’s see some interesting news together!
LYO Credit Listing on LATOKEN
LYO Credit (LYO) token is now part of the major LATOKEN exchange, a successful new achievement for token growth.
LATOKEN is a rapidly growing crypto exchange focusing on liquidity for new tokens. LATOKEN entered CoinmarketCap Top-20 in March 2019 and keeps improving the result.
With about $300m+ daily turnover and more than 1,500 000 registered traders, LATOKEN now provides listings of trading pair LYO / USDT.
Hong Kong Urges Banks to Provide Services to Licensed Crypto Firms
In an effort to establish itself as a cryptocurrency hub, Hong Kong has encouraged banks to offer services to licensed virtual-asset companies, taking a different approach than the US government’s crackdown on the digital-asset industry.
The Hong Kong Monetary Authority has requested that banks provide “legitimate” bank accounts to regulated virtual-asset firms, as stated in a circular signed by Deputy Chief Executive Arthur Yuen on April 27.
Additionally, the statement urged banks to train staff and create specialized teams to support the digital-asset sector, while avoiding a blanket “de-risking” approach that may deter new industries or specific nationalities.
PEPE Memecoin Among 100 Largest Cryptocurrencies
Pepe (PEPE) has quickly made its way into the top 100 cryptocurrencies just two weeks after its launch, with a market capitalization of $582 million, according to CoinGecko. The cryptocurrency’s value doubled earlier this week and quadrupled, indicating its increasing popularity.
Pepe’s playful mascot and highly engaged community are challenging established meme-based cryptocurrencies like Dogecoin and Shiba Inu, seeking to win over crypto enthusiasts worldwide.
PEPE is an ERC-20 token running on the Ethereum network, with a supply of 420.69 trillion tokens, joining other meme coins inspired by internet memes and pop culture references. Although several Pepe the Frog NFTs and tokens have been released over the years, the PEPE token has captured the market’s attention with its success.
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