The wild week in cryptocurrency and Bitcoin’s mining difficulty hitting a lifetime high of 31.25 trillion made it a crazy week. Ethereum’s hashrate reached an all-time high block height of 14,770,231. The second largest crypto network by market capitalization is still being supported by large numbers of cryptocurrency miners.
Botting programs that swarmed NFT mints were responsible for Solana’s April 30 network crash. Metaplex, a NFT protocol manufacturer, has instituted a “bottax” and is currently developing additional measures to combat such issues. Solana is also reworking its network fees.
New rules have been announced by the Nigerian Securities Regulator to govern the issuing and use of digital assets. New rules include registration requirements for digital asset platforms.
After an internal tool discovered that the system was quoting incorrect prices of LUNA, Crypto.com banned users from trading on May 13.
Jesse Powell closed Kraken’s San Francisco headquarters in April. He spoke more about why and lampooned San Francisco’s progressive D.A. on the new gm podcast.
A bill was approved by the Argentinian Senate that would allow the government tax assets not declared in foreign countries owned by citizens. This would apply to stocks, properties, bonds, as well as cryptocurrencies. The legistlation is intended to raise funds to pay Argentina’s $45 billion debt to the International Monetary Fund
The central bank of Israel conducted a survey to find out if a digital shekel currency could be issued. Most of the responses were positive. The regulator stated that many of those who participated in the public consultations supported the development of the project.
The Binance boss expressed his dismay at the way Terraform Labs handled the ecosystem’s collapse in a tweet thread.
Cardano bulls will feel more pain if they have to rely on both technical and fundamental indicators.
Hong Kong police arrested a man who was accused of stealing $191.085 from a crypto trader. It turned out that the transaction was bogus. The suspect was not found with any funds and police are continuing investigations to find out if he had accomplices.
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