Crypto Market Highlights: General News
- Abu Dhabi firms give all women in the UAE capital ‘free crypto’. The giveaway aims to provide opportunities for more women to learn about and ultimately participate in Web3, a space where only 5% to 7% of all cryptocurrency users are women and just 12% work in blockchain.
- Timothy Ursich – the candidate running for the US Senate to represent the state of California announced that he would draft a bill that would make Dogecoin legal tender if he wins. To accomplish that goal, Timothy Ursich called on the help of Dogecoin (DOGE) co-founder Billy Markus and the world’s richest billionaire Elon Musk, who has been known to be a strong DOGE advocate throughout the past year. . The special election of the United States Senate in California will take place on June 7.
- White House researches crypto mining and its energy footprint. A White House task force is actively investigating the benefits and drawbacks of cryptocurrency mining in order to make suitable policy recommendations to the Biden administration. The administration is crafting policy recommendations aimed at lessening the energy consumption and emissions footprint of Bitcoin and other Proof-of-Work (PoW) cryptocurrencies.
- Vitalik Buterin advocates for the governance structure of Optimism. In his view, L2 should get rid of the token governance model (the “richer” people holding more tokens win) and instead issue more soulbound NFTs. The tweed also noted that proposals like using OP tokens for gas fees show “a clear demonstration of the interests of non-token holders.“
- Ripple CEO Brad Garlinghouse said the San Francisco-based payments company may consider buying other crypto ventures. He believes that [mergers and acquisitions] in the blockchain and crypto area will increase. Garlinghouse also adds that Ripple also intends to consider an initial public offering (IPO) if its ongoing case with the US Securities and Exchange Commission is resolved.
- FTX expands to Japan with the launch of FTX Japan. In February, the exchange acquired Japan-based fintech firm Liquid Group and its subsidiaries, granting access to the company’s Class 1 Financial Instruments Business license. Formerly known as Quoine Group operates cryptocurrency exchange Liquid, the company has been renamted FTX Japan K.K, according to a statement Thursday. The Tokyo-headquartered exchange is expected to offer Japanese customers a platform for spot and derivatives trading.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
crypto market crypto market crypto market crypto market crypto market crypto market crypto market
