One-Minute Blockchain News – April 20, 2022

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·       United States Internal Revenue Service sees crypto and NFTs as ripe for fraud and money laundering, and are ready to start probing them. “Bloomberg Crypto”

·       Quik, which is an NFT marketplace, has started to allow users to buy tokenized domain names. “U Today”

·       Top central bank official say that Russia needs the digital ruble. “Bitcoin News”

·       Cryptocurrency exchange Blockchain is interviewing banks for an initial public offering, which could take place as early as this year. “Coin Desk”

·       Terra UST is now the third-largest Stablecoin. UST is a USD pegged Stablecoin that was launched in September 2020. Its minting mechanism requires a user to burn a reserve asset such as LUNA to mint an equivalent amount of UST. “Coin Telegraph”

·       Indian crypto exchange Coin DCX raised 135 million dollars in new funding, at a time when India’s trading volumes have plummeted. “Coin Desk”

·       Two whales have bought 243 billion Shiba after grabbling 1.2 trillion Shib in April. “U Today”

·       The UK government’s move to regulate stablecoins as payments was applauded, but many in the crypto community still need more clarity. “Coin Desk”

·       Several US government organizations have warned against North Korean hacker group Lazarus being a threat in crypto theft and schemes. “Coin Desk”

·       The bank of Japan will explore the design issues of a central bank digital currency in measured steps like Sweden rather than pressing ahead with large scale pilot tests like China. “Bloomberg Crypto”