The Monetary Authority of Singapore (MAS) is considering introducing additional security measures for access to cryptocurrencies to the public, said a senior prime minister, Coindesk reported. The central bank can “set limits on retail participation” and implement regulations on the use of influence in cryptocurrency transactions, according to Tharman Shanmugaratnam, the minister responsible for MAS.
Since 2017, MAS has consistently warned that cryptocurrencies are not suitable investments for retail. “Most cryptocurrencies are subject to sharp speculative price fluctuations. Recent events have clearly demonstrated the risk, with the prices of several cryptocurrencies falling sharply,” Shanmugaratnam said.
Elsewhere, a world-first crypto-water token has been introduced by H2O Water Securities, a South African company, cnbctv18.com reported.
According to the company, more than 2 billion people worldwide – almost 30 percent of the world’s population – live in water-poor conditions, and by 2030 that percentage is predicted to rise to 50 percent.
H2ON (Water Network), a cryptocurrency token, is a way to raise money to fund international water projects, it says. GEM Digital, a Bahamas-based digital asset investment company that invests in tool tokens, has already invested $ 150 million in H2ON, it was reported.
Cryptocurrency prices
The global crypto market value rose by 6.43 percent to 909.69 billion dollars at 09.00. Global cryptocurrency volume increased by 37.56 percent to $ 55.27 billion, according to Coinmarketcap data. Bitcoin has new support just over $ 20,000, and other cryptocurrencies were traded flat over the weekend.
Bitcoin (BTC), the world’s oldest cryptocurrency, was traded at $ 20,206.00 higher by 5.81 percent in the last 24 hours. Ethereum (ETH) was up 8.92 percent to $ 1,144.90
Among other significant coins, Cardano (ADA) was up 4.04 percent to $ 0.4645, Algorand (ALGO) was trading higher at 5.84 percent to $ 0.3192, Solana (SOL) was trading at a profit of 8.78 percent to $ 35.56, Polkadot (DOT) was up 4.40 percent to $ 6.99, and Binance Coin (BNB) was up 7.85 percent to $ 232.40.
Meme coin and defi prices
Dogecoin (DOGE) was up 4.04 percent to $ 0.06914. Its volume to market value ratio is 00000000.14. Rival Shiba Inu (SHIB) was up 7.00 percent to $ 0.00001068.
Dogelon Mars (ELON) gained 5.25 percent to trade at $ 0.0000003227, Floki Inu (FLOKI) gained 7.09 percent at $ 0.000006483, and Samoyed Coin (SAMO) rose 16.15 percent to $ 0.00000, 00.
In the DeFi segment, Dai (DAI) was up 0.08 percent to $ 1.00 and Wrapped Bitcoin (WBTC) was trading at a gain of 6.03 percent to $ 20,234.62. Avalanche (AVAX) rose 8.60 percent to $ 17.82, Uniswap (UNI) traded up 12.03 percent to $ 5.32, and Chainlink (LINK) rose 5.44 percent to $ 6. , $ 38.
