Day: May 19, 2022

CRYPTO MARKET NEWS , BITCOIN PRICE , CRYPTO INVESTMENT , DOGECOIN , APECOIN , ALGORAND , SHIBA INU

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BNB Chain offers another lifeline to Terra ecosystem projects

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Binance will welcome migration and offer support to projects from the Terra (LUNA) ecosystem following this month’s unraveling of the decentralized finance (DeFi) platform and its algorithmic stablecoin. BNB Chain has committed to providing investment and support to projects that are considering migrating from the Terra ecosystem in the wake of the biggest black swan event to hit the cryptocurrency space in recent years. Stader Labs will become one of the first Terra ecosystem projects to begin integrating with the BNB Chain. The firm builds liquid staking solutions across four…

Ethereum on Track for Testnet Merge in June

The Merge refers to Ethereum’s long-awaited move to a proof of stake network from its current proof of work design. After the shift, transactions on Ethereum would be processed and validated by stakers instead of miners, which would, in turn, create a faster and “eco-friendly” network. Source

Shib Army Burns Nearly 13 Billion SHIB In Last 24 Hours: Report

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A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down. Most of this massive amount of SHIB was destroyed in just one hour. Related Reading | Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation In a tweet on May 18, Shibburn…

New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty

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“All cryptocurrency companies have a permanent hold on starting businesses in New York due to the political and regulatory ambiguity. If the bill were to pass, New York would become a permanent afterthought for the industry,” said Kyle Schneps, director of public policy at Foundry, one of the largest miners in the U.S., which is based in Rochester, New York. Foundry is owned by CoinDesk’s parent company, Digital Currency Group. Original

FTX US to launch stock trading against stablecoins

Major cryptocurrency exchange FTX is moving into equity trading, with its United States-based subsidiary FTX US launching a stock trading platform. West Realm Shires Services, the owner and operator of FTX US, announced on May 19 the upcoming launch of FTX Stocks, a stock trading service offered directly through the FTX US trading app. The new stock trading platform will feature trading and investing in hundreds of U.S. exchange-listed shares, including common stocks and exchange-traded funds. According to the announcement, FTX Stocks will be the first platform to ever allow…

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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm – Mining Bitcoin News

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Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in a rural area of the breakaway Georgian republic. The illegal coin minting facility was located in the village of Yashtuha, Sukhumi region, the Ministry of Internal Affairs announced. Representatives of the interior ministry, together with…

Music Fans Rejoice as YellowHeart Protocol Is Set to Launch on Bittrex Global Starting Block – Sponsored Bitcoin News

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sponsored YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, is set to launch its utility token, HRTS (pronounced “Hearts”), on Bittrex Global’s IEO Platform Starting Block as the platform’s debut project on May 24 at 13:00 UTC. YellowHeart Protocol Is a Significant Milestone in the History of Event Ticketing System The first ever event tickets can be traced back to ancient Rome. Not issued on paper, but on a little piece of clay. People’s passion for public cultural events never stopped since, and it was…