The market is still reeling from the dramatic plunge of the UST stablecoin and the Terra ecosystem. In the meantime, different industry leaders have been chiming in with their take on the Bitcoin question after the premier crypto suffered significantly in the crash. Let’s find out more.
geschriwen
CEO vun FTX De Sam Bankman-Fried has said that Bitcoin could not become a payments network but had the potential to be a store of value.
De President vun der EZB, Christine Lagarde, said that crypto is worth nothing and should be regulated to steer people away from it. Instead, she touts a digital euro as a safer store of value.
Microstrategy CEO Michael Saylor remains just as convinced about Bitcoin as always, calling it the future of money and that it will eventually be valued in the millions.
Former Fed Chairman Ben Bernanke said that Bitcoin and other cryptocurrencies were speculative, volatile, and were mostly used for “underground economy activities.”
Ethereum
With the initial series of Web3 experiments ending, Cloudflare is looking into solving the environmental and scaling challenges that plague modern blockchain technology.
Der Verëffentlechung vun der Ropsten Public Testnet will now undergo an upgrade to its revised proof-of-stake consensus algorithm in anticipation of its implementation on the Ethereum mainnet.
Defi
A legal case involving the crypto platform Indexéiert Finanzen hack is all set to become the first-ever lawsuit to challenge the “code is law” defense.
Altcoins
Tether has announced that it has taken a series of Schrëtt to improve its stablecoin (USDT) reserve, like investing in US treasury bills as well as non-US government bonds.
d' “updated and final” revival plan for the Terra ecosystem has been put in motion as a significant majority of the community voted in favor.
The crypto market received another jolt when Deus Finance’s DEI stablecoin became the latest stablecoin to lose its 1-1 peg to the US Dollar.
MiamiCoin geet erop has reportedly lost almost all its value over the last nine months and could be the next target for the SEC for ‘potential wrong-doing.’
Technology
SWIFT has partnered with Capgemini to conduct CBDC-related tests for cross-border payments involving cryptocurrencies.
Accounting firm EY has partnered with Polygon to launch OpsChain Supply Chain Manager on Nightfall, a Layer 2 Ethereum blockchain that was co-developed by Polygon.
Business
With the recent developments surrounding the Terra ecosystem, Avalanche has revealed that the Luna Foundation Guard has not disclosed any plans for the AVAX Token datt et a senger Schatzkammer hält.
An enger Pressematdeelung Crypto.com revealed they would be waiving the 0.5% settlement fee for one month on all transactions for Shopify merchants who sign up for Crypto.com Pay until June 30.
Regulatioun
De Krypto Austausch WazirX revealed that it has received over 1023 requests from law enforcement agents in the October-March 2022 period.
The RBI has expressed betrëfft over the SC order revoking the crypto ban; however, it has not taken any action against the order yet.
d' Russian trade minister has claimed that the nation will inevitably legalize crypto payments “sooner or later.”
The tax-free crypto haven of Portugal might be adopting a completely different approach, as it is looking into imposing a capital gains tax on cryptocurrency.
NFT
Crypto Influencer Snoop Dogg believes that the world of non-fungible tokens is on the path of divergence and that NFTs will soon emerge as a new kind of digital canvas for genuine artists.
Verzichterklärung: Dësen Artikel gëtt nëmme fir Informatiounszwecker zur Verfügung gestallt. Et gëtt net ugebueden oder geduecht als legal, Steier, Investitioun, finanziell oder aner Berodung ze benotzen.
Source: https://cryptodaily.co.uk/2022/05/crypto-weekly-roundup-ceo-still-trusts-btc-cloudflare-takes-on-new-challenge-terra-starts-revival-plan-and-more