Short cryptonews for this week 20/52 (2022)

By Pasucaru | pass fire | 21 May 2022


- In recent days, ETH has slightly outperformed BTC: Bitcoin is falling towards $29,000, while Ethereum is close to the $2,000 mark.

- Despite China's mining ban dropping the country's share to zero, the country is back among the biggest miners, in second place with 21.1% of the hashrate. (news.bitcoin.com)

- Vitalik Buterin said at the Shanghai Summit that Ethereum's transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is expected to take place in August 2022. In the meantime, the merger of the Proof-of-Work and Proof-of-Stake networks into one of Ethereum's main testnets, Ropsten, will take place on June 8.

- The capitalization of the cryptocurrency market is around 1350 billion dollars, after having recorded a fall of 200 billion in 24 hours on May 11. (Coingecko)

- Terra ($Luna) Founder Do Kwon Proposed His Rescue Plan, Edited, and Proposed to Vote.

- MHA Cayman audited Tether and confirmed they have $88 billion, enough for the peg. (Coinphony)

- Ledger launches a browser extension to securely connect the wallet to Web3.

- Coinbase announces the slowdown in hiring. The exchange has fallen 75% in the stock market since January...

- Germany confirms its position as the European leader in crypto by publishing rather benevolent national guidelines for the retail investor. (Blockworks) By the way, Binance has applied for registration in Germany. (Coindesk)

- Russia's State Duma has backed a bill to tax transactions in digital financial assets.

- Because of Terra, the G7 countries urged to accelerate the creation of an international regulation of cryptocurrencies.

NB : Last year on May 19 at the opening the price of Bitcoin was almost 43k$ and in the afternoon we had been looking for 30k$. It was the worst crypto-crash in terms of capitalization destroyed (700 billion lost, from 2000 to 1300 billion) a carnage for those who were in “leverage with several billion liquidations in a few hours! Elon Musk suspended the payment of Tesla in BTC and 1 week later, China banned "everything"! (2021)

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Pasucaru
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