THE DAILY ENCRYPT

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QuickSwap Asks The Community, To Split or Not to Split QUICK Token?

Decentralized exchange running on Polygon, QuickSwap has officially begun a voting process regarding QUICK. The platform’s native governance and utility token, QUICK holders will vote on rejecting or approving a process called “redenomination”. Related Reading | Why Polygon Will Implement Ethereum’s EIP-1559 Update If approved, the QUICK token will be “split” thus increasing its total …

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Why The European Union Voted Against A De Facto Bitcoin Mining Ban

The European Union voted against a de-facto Bitcoin mining ban. In a major event for the entire crypto industry, the coalition’s European Parliament’s Committee on Economic and Monetary Affairs (ECON) rejected a proposal that would have prohibited Proof-of-Work to make crypto assets meet a “minimum environmental sustainability”. Related Reading | Is This A Proposal To

Dogecoin Spikes 10% After Elon Musk Reveals He’s Not Selling

Dogecoin has been on a recovery trend lately. This is attributed to recent comments from Elon Musk, the ‘Dogefather’, that has seen prices spike. Musk who has been a vocal supporter of the meme coin is one of the major reasons behind the popularity and success the cryptocurrency enjoyed last year. Now, once again, the …

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Rapper French Montana Makes Crypto Debut With Metaverse Project

Rapper French Montana has become the latest rapper to enter the metaverse. The critically acclaimed rapper announced that he was officially joining the crypto world through a partnership with a prominent crypto metaverse project. French Montana Enters The Metaverse The rapper made the announcement on Twitter with a video of him in the metaverse. In

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Bitcoin Hashrate Swells 15% Since Last Week As Analysts Expect Mining Difficulty To Increase

Bitcoin mining difficulty fell by 1.5% last week, following the full recovery of China’s mining ban last year. China started to crack down on cryptocurrency, prohibiting financial institutions and payment companies from providing services related to cryptocurrency transactions. China accounted for roughly 75% of the “average monthly hashrate share,” a term used to calculate the …

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