The cryptocurrency bull run continues, there is a battle brewing between DeFI and US regulators and we touch on why China might be taking a step back with their crypto mining efforts.
$2 Trillion Dollar Milestone
Crypto market caps are approaching the $2 trillion mark as the Poly hack saga continues to cause concern throughout the space. Etherium remains a popular project for crypto bundles according to the tracking sites but will it take over Bitcoins popularity?
Olympic Level Breakthrough
The Olympics may have ended, but there are many more records being broken in the Crypto world. Whether it be Bitcoin, Ethereum or NFTs, they all have smashed something.
Upgrades…
The blockchain that runs ether, the second-largest cryptocurrency under bitcoin, will undergo a major upgrade this week. A London includes Ethereum Improvement Proposal aiming to change the way transaction fees, or “gas fees,” are estimated.
Crypto Crime Concerns
Cryptocurrency has been recently on its monthly lows, but over the last week, have positions been liquidated, as the price rallied? And could concerns about money laundering hurt the digital currency?
CoinJar is Australia’s longest-running cryptocurrency exchange. Since 2013, we’ve helped more than 600,000 Australians to buy, sell and spend billions of dollars in Bitcoin, Ethereum and other cryptocurrencies.
CoinJar’s mission is to make crypto accessible and useful to everyone, everyday. Innovations such as CoinJar Card, a fully-featured crypto Mastercard, and our acclaimed, easy-to-use iOS and Android apps have helped put cryptocurrency in the hands and wallets of hundreds of thousands of people.
MiamiCoin crypto lost 88 percent of its value in less than a year
The CityCoin initiative requires miners to gain tokens on the Stacks Blockchain to then be used to bid for Miami-Coin
Allegedly the winning bidder receives 70 per cent of their investment in MiamiCoin, while the U.S. city receives the other 30 per cent in tokens.
Miami-Coin value on May 16. Image: OkCoin exchange
The coin has enjoyed the support of the city’s Mayor Francis X. Suarez, who once said it could lead to a government running the city without citizens paying taxes.
When the project first launched, it was projected to succeed as the city’s mayor received a grant for over $5 million.
I’m so excited to announce that the @CityofMiami has received its first-ever disbursement from @mineCityCoins totaling $5.25M.
This is a historic moment for our city to collaborate with an innovative project that creates resources for our city through innovation not taxation.