Crypto News Cast 📮 02-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1250 B
📊24h Mcap %: -4.35%
⚠️Bitcoin Dom: 46.30%
📌Active Coins: 4540
📍24h Vol %: -0.46%
💲24h Vol: $83 B
Crypto News Updates :
- Singapore’s Regulator Has Announced Steps To Investigate Blockchain Use Cases
- In Preparation For “The Merge”, Ethereum Beacon Chain Is Deployed On New Testnet
- Kalush Orchestra, The Eurovision Winners, Raise Almost $1 Million In ETH For Ukraine
- India Plans On Crypto Consultation Paper With The IMF And The World Bank
- Kazakhstan Earned $1.5 Million From The Cryptocurrency Mining Industry In Q1
- Bitcoin Reclaims Tenth Place As The Most Valuable Asset On The Planet
- Goldman Sachs Shows Interest In Crypto Derivatives Markets Through FTX Integration
- Excess Gas From Middle East Oil Companies To Be Used For Bitcoin Mining
- Chipotle, A Mexican Fast-food Chain, Now Accepts Cryptocurrency Payments Using Flexa
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– Singapore’s Regulator Has Announced Steps To Investigate Blockchain Use Cases
Singapore’s Monetary Authority (MAS) said that it will investigate use cases for decentralized finance (DeFi) on public blockchains. Project Guardian will study the economic possibilities and value-adding use cases of asset tokenization in collaboration with the financial industry. Project Guardian will establish pilot use cases to stress test the chances of asset tokenization and DeFi applications.Read Full on theblockcrypto.
– In Preparation For “The Merge”, Ethereum Beacon Chain Is Deployed On New Testnet
Tim Beiko, a leading Ethereum developer, stated that the Ropsten Beacon Chain had been established as a testnet for Ethereum users. The Merge will signify the end of Ethereum’s PoW design, and Ropsten will be the first long-running testnet to go through it. It is a test model since it mimics parts of the Ethereum mainnet. It provides a first look at The Merge and the potential for code-related issues to arise without harming the mainnet. Read Full on CryptoPotato.
– Kalush Orchestra, The Eurovision Winners, Raise Almost $1 Million In ETH For Ukraine
Kalush Orchestra, the Eurovision winners, collected $900,000 by auctioning off the competition’s glass microphone trophy, with the proceeds going to an organization that helps Ukraine during its conflict with Russia. WhiteBit, a cryptocurrency exchange, was credited with the winning offer for the trophy, which came in the form of 500 Ethereum (ETH). The winner receives a non-fungible token (NFT) with the trophy in addition to the physical crystal microphone.Read Full on Decrypt.
– India Plans On Crypto Consultation Paper With The IMF And The World Bank
Ajay Seth, India’s Economic Affairs Secretary, said on Monday that a consultation document on cryptocurrency is nearing completion and will be submitted to the federal government. Seth went on to say that his government would likely endeavor to increase India’s commitment to some type of global crypto regulation. He believes that digital assets should be governed by a comprehensive framework that includes all economies. Read Full on blockworks.
– Kazakhstan Earned $1.5 Million From The Cryptocurrency Mining Industry In Q1
Kazakhstan’s government stated this week that the crypto mining business brought in 652 million tenge (almost $1.5 million) in the first three months of the year. The monies were raised by levying a premium on the power consumed by legally functioning mining farms in the country. Entities who operate mining facilities are required to pay it by the 20th of the month after the end of the quarter. Read Full on Bitcoin News.
– Bitcoin Reclaims Tenth Place As The Most Valuable Asset On The Planet
Bitcoin has dropped nearly 18 percent in the last month, but that hasn’t stopped it from becoming the world’s tenth most valuable asset. This was accomplished by defeating Meta Platforms, which has a market cap of $553.61 billion compared to Bitcoin’s $603.38 billion. BTC now controls 44 percent of the $1.36 trillion crypto market, out of more than 19,000 other cryptocurrencies. Read Full on Finbold.
– Goldman Sachs Shows Interest In Crypto Derivatives Markets Through FTX Integration
Goldman Sachs, one of the world’s most prestigious investment firms, is apparently attempting to integrate some of its derivatives products into the FTX.US crypto derivatives marketplace. Goldman Sachs is in negotiations with FTX about assisting with regulatory and public listing issues. Goldman Sachs’ derivatives services would allow clients to trade futures directly, as well as introduce them to the exchange and operate as an on-ramp to the exchange. Read Full on cointelegraph.
– Excess Gas From Middle East Oil Companies To Be Used For Bitcoin Mining
Crusoe Energy, a company based in the United States that specializes in mining bitcoin with excess natural gas, will begin launching generators and mining equipment to capture flared gas in Muscat, Oman, as part of the Middle East’s efforts to reduce emissions. Because the Middle East and North African (MENA) region accounts for 38 percent of the world’s excess natural gas from oil wells, the corporation believed it was necessary to have a presence there. Read Full on bloomberg.
– Chipotle, A Mexican Fast-food Chain, Now Accepts Cryptocurrency Payments Using Flexa
Chipotle, the iconic Mexican fast-food company, is now taking bitcoin payments at all of its 2,950 locations in the United States, thanks to digital payment service Flexa. On Wednesday, Flexa announced the agreement, which will see Chipotle take all 98 cryptocurrencies that Flexa now supports, including Bitcoin (BTC), Ether (ETH), and seven dollar-pegged stablecoins such as USD Coin (USDC). In April 2021, Chipotle tried out bitcoins for a short time. Read Full on cointelegraph.
