Last Week in Crypto
Some Crypto News Events from the Week of 30 May 2022
by: Gideon 6ix
The Crypto sea is turning green! For the past seven days, the prices of the top 100 projects listed by Coingecko went up an average of 3.3% overall. 63% of the total projects are green, and the overall range is -23.2% (BitDAO) to 91.7% (Waves). In the Top ten, Cardano (ADA) leads the way with a 23.2% increase, while Solana (SOL) is down 10.7%
Recent News Events
Brave(?) investors supported the launch of Luna 2.0 (Terra), while the original Luna rebranded to Luna Classic (LUNC). NDTV suggests it is off to a “rocky start.”
The Federal Trade Commission (FTC) issued a report claiming that since 2021 “2021, more than 46,000 people have reported losing over $1 billion in crypto to scams.”
Coinbase (COIN) continues to chill out. They announced that they are indefinitely suspending its hiring and even rescinding some recent offers.
The always controversial Safemoon (SFM) released a new contract function called Swap and Evolve to fix issues related to its predecessor Swap and Liquify.
Upcoming News Events
Cardano (ADA) will perform a significant upgrade to its network. The Daily Coin expects ADA to reach $1 once the Vasil Hard Fork is released.
Coindesk is hosting Consensus 2022 in Austin, Tx from June 9–12, 2022. There is a long list of speakers lined up to provide engaging content. Do not miss this event if you happen to be in the area.
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All the best,
Gideon 6ix
Twitter: https://twitter.com/Gideon_6ix
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Sources:
https://www.safemoon.education/post/swap-and-evolve
https://dailycoin.com/cardano-ada-expected-to-hit-1-after-vasil-hard-fork-says-community-vote/
https://events.coindesk.com/consensus2022/agenda
