Crypto Bulletpoint #6 – May 3rd 2022

What’s going on today in the Crypto World? Square Enix sold Tomb Raider to invest into Blockchain Games, Whales are buying but market is sinking, Solana puts a patch, CryptoCom rethinks about Reward cuts and much more!


📉Market Movers 📈

  • CRO seems to rebound after losing 30% of its value in just a day 🥎
  • ENS, Ethereum Name Service, Currently ranking #126, grew 60% in the past week as Ethereum domain names adoption skyrockets, Top 100 in sight? 👀
  • TRON is the only crypto in the top100 to be in green on the weekly, on Thursday Tron will launch its first stablecoin $USDD 🪙
  • Cardano price drops to level that sparked a 65% ADA rally in March while Whales 🐳 are accumulating
  • SHIB on-chain data shows 1 year low levels of transactions volume while the holding accounts are growing in number 🦴
  • APE dropped 32% on the weekly 🙈
  • IOTA dropped to a further yearly low price fighting to keep vital support at $0.40
  • DOGE is losing ground as 40k Digecoin HODLers have exited the meme coin
  • BTC failed to close the day over the $38k line dragging down most of altcoins to slightly lower positions
cryptobubbles.net
coin360.com

📰Today’s News📰

  • Weiss Ratings, a crypto ratings ⭐️ and research agency, has issued a warning about the dangers of crypto mortgages in the current economic context in the United States
  • Ripple CEO Brad Garlinghouse indicated in a recent interview with Fox Business that the company’s continuing legal battle with the US Securities and Exchange Commission is progressing “very well” and might be resolved by the end of the year ✌️
  • 1 $USD 💵 is now worth 0.95 $EUR 💶 getting very close to parity
  • After the recent Yuga Labs’ Otherdeeds NFT minting issue 💥 over Ethereum, which sparked suspicion about a new chain for APE, ApeCoin announced its integration with Polygon
  • The Securities and Exchange Commission (SEC) said that it will substantially quadruple the number of people in charge of protecting investors in cryptocurrency marketplaces👮🏻
  • Zondax and the Web3 Foundation will bring more native Ledger apps to the Polkadot ecosystem
  • To aid in the growth of web3 acceptance, Gemini has created Superlunar, a web3 research and design studio 👷🏿
  • Here you can find the translation of the Central African Republic Cryptocurrency Law that made Bitcoin a legal tender https://stacker.news/items/23946
  • After a massive disapproval sentiment from its user base CryptoCom will reconsider cuts on rewards ✌🏻
  • During Yuga Labs’ Otherside launch Scammers made around $4M in phishing attacks especially on twitter
  • Following a seven-hour outage on the Solana mainnet beta cluster Solana engineers 👨‍💻 have formulated a detailed plan to improve the network stability
  • According to on-chain data, Ethereum staking has reached a new milestone with more than 10% 🔒 of the total ETH supply currently held within staking contracts
  • Microstrategy’s financial report for Q1 states that the company “May conservatively explore 🔭 future yield generation opportunities on unencumbered MacroStrategy bitcoins”

👍Adoption👍🏾

  • South Korea’s nominee for finance minister wants to postpone the implementation of cryptocurrency taxes for two years 🇰🇷
  • The Hawaii Senate has approved a task force for the regulation of cryptocurrencies and blockchain technology that will create an infrastructure for the development and deployment in the private and public sectors 🌺
  • The Indian government after creating a very strict legislation against cryptocurrencies intends to create another equally strict dedicated to DeFi platforms and not exclusively to those present on Indian territory 🇮🇳
  • Mairead McGuinness, EU commissioner for Financial Stability, has advocated for a global settlement on Bitcoin and cryptocurrency regulation in general
  • Uzbekistan 🇺🇿 is preparing to implement a new crypto regulatory framework
  • According to an NBC News report, over 100,000 Cubans are utilizing bitcoin and other cryptocurrencies to get around international restrictions 🇨🇺
  • Fairfax County in Virginia that is already allocating portion of its pension fund into crypto investments is also considering to experiment further into the blockchain space with a more investment into yield farming 👨🏻‍🌾

📢Opinions📢

  • 💲Ken Griffin, the billionaire founder of Citadel Securities, has compared cryptocurrencies to abstract painting, claiming that the value of both is determined by the eye of the beholder
  • Coinbase CEO Brian Armstrong is very bullish over crypto adoption in the next 10 years and predict that there will be a 1B cryptocurrency user base by then 🙌🏼
  • Billionaire Paul Tudor Jones said during an interview on CNBC that crypto is for “the smartest and brightest minds.” 🥰
  • Self proclaimed Satoshi Craig Wright sued Coinbase and Kraken for misrepresenting Bitcoin🥸
  • Ethereum fees, according to Vitalik Buterin, will only be “fully acceptable” if they are reduced to under five cents🥳
  • Terra’s LUNA recent Bitcoin purchasing binge, according to crypto strategist Lyn Alden, might be the catalyst for BTC and the rest of the crypto markets to collapse 🤯

🖼NFTs🖼

  • First ever NFT museum opens in Seattle 🎭
  • VanEck, a financial services corporation with over $82 billion in assets under management, announced its foray into the Metaverse by releasing a set of 1,000 nonfungible tokens 🎆
  • Users paid $181M in gas fees during Otherside Metaverse land sales
  • Crypto exchange Kraken has opened the waitlist for its non-fungible token platform 🌠

🗺Metaverse🗺

  • Dubai virtual asset regulatory authority VARA is going to enter the Sandbox Metaverse where will build their virtual headquarters

🎮CryptoGaming🕹

  • Luis Vuitton NFT Game reaches 2M downloads in 9 months 👜
  • Crypto Games Publisher Animoca Brands said that it has signed a licensing agreement to integrate the Hockenheimring racetrack in its REVV Motorsport 🏍🏎 ecosystem of play-to-earn blockchain games.
  • Reggie Fils-Aimé, the former President and Chief Operating Officer of Nintendo of America, has expressed his support for blockchain technology and play-to-earn models

⛏Mining⛏

  • Jack Dorsey, Michael Saylor, Tom Lee and many others collaborated to a letter for the Environmental Protection Agency in defense of BTC mining ⛏as in their opinion it’s a fake myth as, according to them, mining has no negative impact on the environment but on the contrary is becoming increasingly green🌱
  • The Bitcoin Mining Council has published a report confirming that 58.4 percent of Bitcoin mining is powered by a “sustainable electricity mix”🟩 and believes that TESLA 🚙 will resume accepting BTC in the near future

🛠Tools & Links

Subsocial is a social platform built on the Polkadot’s sidechain Kusama, but beware it is not the usual Facebook or Twitter style platform, on Subsocial you can build entire social platforms from scratches with of course an eye to the Web3

https://app.subsocial.network

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