WAO ART #450

LayerZero Labs CEO suggests that only 15% of wallets interacting with the protocol will be eligible for the upcoming airdrop. The CEO estimates that 400,000 to 800,000 addresses are real users rather than Sybil participants. The airdrop is scheduled for the first half of this year.

Mastercard and US banks are testing tokenized asset settlement using shared-ledger technology. The assets being tested include commercial bank money, Treasury-issued securities, and debt securities. The goal is to improve the speed, efficiency, and security of international transactions.

Indonesia establishes Crypto Oversight Committee for Bitcoin and Ethereum regulation. Committee includes representatives from government bodies, exchanges, and academia. Committee will analyze industry reports, maintain a centralized database, and evaluate risks.

Nigeria is considering banning P2P trading platforms that use the local currency for cryptocurrency transactions. The government is concerned about Naira manipulation and believes that P2P transactions are contributing to it. The ban could hinder the growth and adoption of cryptocurrency in Nigeria.

Eurojust leads authorities in busting a €6 million cryptocurrency scam in Austria. Multiple countries collaborated. Victims were scammed between December 2017 and February 2018 through a fake company website. Perpetrators convinced victims to invest in a dubious cryptocurrency.

De Grey Mining plans to raise $395 million for its Hemi Gold Project in Australia's Pilbara region. The equity raising is a pre-condition for debt financing and will support the project's construction activities. The company aims to achieve first gold production in the second half of 2026.

Argentina introduces a new 10,000-peso banknote worth around US$11. The move recognizes the country's high inflation rate of almost 290 percent. The new banknote will allow people to carry fewer bills. It will be available at banks and ATMs from Tuesday.