Nebraska Lawmakers makes progressive move towards passing a bill that will allow state banks to offer cryptocurrency services. Senator Julie Slama said she is ‘‘excited for Nebraska to be a national leader in crypto” which will create a major framework for cryptocurrency and digital asset banks in the State of Nebraska. The bill was pushed forward for enrollment and review on May 10, now adopted and passed to the final stage of approval
Cardano has seen a massive 13X rise in the number of millionaire investors in 2021 alone. According to CoinMetrics, wallets holding ADA with at least $1 million have spiked to 1,231% from 504 to 6,710. The number of ADA active addresses also grew to 417 81% between January 1 and April 28, 2021 with transaction count of 382.84%. This rise was initiated after the 100% decentralization in block production was achieved and the deal on the Ethiopia’s education system.
India’s government sets up a new regulatory panel to reconsider its stance on cryptocurrency trading in India, according to three sources who had inside information about the discussion. This new panel may be used to check and find out ways to regulate crypto assets and handle them differently from fiat. The panel could also work closely with the Reserve Bank of India on any proposed digital Rupee project.
Ethereum Foundation researcher Carl Beekhuizen has announced that a 99.95% reduction on energy consumption will be achieved in the new proof of stake (PoS). He said it’d need 2.64 megawatts to match the energy consumption of a village since there are 87,897 validators, excluding exchanges and staking services. From statistical data, He expects the new version of Ethereum will be 200 times more energy-efficient.
MicroStrategy bought an additional 229 Bitcoin at an average price of roughly $43,663 each, As Reported. MicroStrategy made its first bitcoin purchase in August last year. At the time, The company’s bitcoin bet appears to have paid off well so far. MicroStrategy now holds approximately 92,079 Bitcoins, which it says were acquired for about $2.25 billion at an average price of about $24,450.
Mecum Auctions, popular car auction collector company now accepts crypto payments through BitPay to “attract new customers and sales” according to company’s announcement. Auction settlement can be done in-person or online where bidders can pay with crypto. Payments will be processed through Bitpay, and Mecum will accept five stablecoins like DAI, GUSD, USDC, PAX, BUSD including BTC, BCH, WBTC, ETH, and DOGE.
Invezz conducted a survey using online analytics tool Ahrefs to check which countries in the world are most interested in ether. Data results shows that United States took first place with an equivalent of 36,000 online searches per day. Germany took second place, with an average of monthly 736,300 online searches. Countries in Third, fourth, fifth and sixth places are Turkey, Brazil, Canada and UK, including other countries.
Young, new crypto investors are actively investing in meme cryptocurrencies like Dogecoins according to survey by Gamblers Pick, a betting app. The survey explored the investment strategies of 872 people. 24 percent of the respondents were ‘Gen Zers’ (born between late 1990-early 2010s) and admitted to actively investing. 23% of the ‘Gen Z’ are actively invested in ‘memes’coins like Dogecoin, Shiba Inu, and others.