Crypto News June 26: Bitcoin hashrate barely hits previous ATH unless China relaxes ban with Ripple, Solana, Opera, USDT, Celo, COTI, NFT, WENEW, Mirror Protocol, Faraland
From the comment that the BTC hashrate has gradually increased again but it is difficult to exceed the ATH level within the next 6 months, USDT has its own emoji on Twitter. Here are some highlights from the crypto market.
Chinese journalist Colin Wu, who covers crypto and blockchain in China and other Asian countries, has just pointed out that Bitcoin’s hashrate is likely to remain low compared to when it hit ATH in October.
The BTC hashrate hit the ATH at 171 EH / s on May 13th and since then the index has fallen more than 50%.
Bitcoin’s hashrate began to slowly increase, and some Chinese miners ended up in Kazakhstan and North America, but it is expected that it will be difficult to get back to 130E in half a year unless China’s policies are relaxed. pic.twitter.com/EQp29iumOz
– Wu blockchain (@WuBlockchain) June 26, 2021
The decline comes after Chinese authorities started banning crypto miners in Sichuan, Xinjiang (the two largest crypto mining hubs) and other provinces.
Miners from China have started moving to friendlier countries like Canada and the US, Kazakhstan.
The BTC hash rate has gradually returned to growth, but Wu believes it will be difficult for the network to reach its previous peak within the next six months unless the Chinese government relaxes its ban on miners.
According to the Data from XRPScan, Ripple co-founder Jed McCaleb sold nearly 240 million XRP tokens this month and still has over 431 million XRP in his “Tacostand” wallet.
McCaleb is said to have worked with Ripple since 2011 and was part of the founding team when the company launched in 2013. When he left the project in 2014, he received 8 billion XRP tokens for his role. Developed and founded OpenCoin, later renamed Ripple
The Swiss-based provider of investment products 21Shares is launching the world’s first Solana ETP product, which is traded under the ticker “ASOL”.
On Friday 21Shares announced that the Solana ETP will be listed on the main Swiss stock exchange, the Swiss SIX.
21Shares launches the world’s first Solana ETP on SIX Swiss Exchangehttps://t.co/sa7243RTuZ
– John Morgan (@johnmorganFL) June 25, 2021
The Solana ecosystem is heavily supported by Sam Bankman-Fried, CEO and founder of the derivatives exchange FTX and Alameda Research.
Opera, the data protection-oriented, crypto-friendly web browser, is now integrating the first stablecoins.
We are pleased to announce the integration of the first stablecoins into the integrated crypto wallet of the Opera browser! @CeloOrg Stablecoins aims to give everyone access to financial services, send money via mobile phones, and pay merchants. Continue reading: https://t.co/uz0rBLIjw5
– Opera (@opera) June 25, 2021
Opera offers stablecoins of Celo Dollar (cUSD) and Celo Euro (cEUR) together with CELO tokens in its crypto wallet.
Celo is an open source blockchain network focused on making decentralized finance (DeFi) more accessible.
Stablecoin Tether (USDT) now has its own emoji on Twitter. This milestone was first announced by the CTO of Bitfinex and Tether, Paolo Ardoino.
– AZCoin News (@azcoinnews) June 26, 2021
Tron (TRX) founder and CEO Justin Sun later also tweeted about the new USDT emoji.
– Justin Sun (@justinsuntron) June 25, 2021
The Celo development team has announced that Bitcoin trading is now live on Ubeswap under the token cBTC.
– Celo (@CeloOrg) June 25, 2021
Ubeswap is a decentralized exchange and automated market making protocol for Celo assets. Users can trade on Ubeswap with Ledger, Valora or MetaMask.
Bitcoin users on the Celo network can now take advantage of the fast and affordable cBTC mobile trading experience.
COTI, the blockchain-based payment platform, has announced its continuing partnership with IOG and the Cardano Foundation, and their ADA Pay solution is being used by Wolfram Alpha for an NFT auction.
reddit: ADA Pay continues to grow as COTI Powered Wolfram Alpha launches ADA Pay for NFT auction https://t.co/GUcxOTXMb2
– Cryptowire – BTC class from 2013 (@ cryptow1re) June 26, 2021
The partnership was implemented by the Cardano Foundation as part of Cardano’s NFT development strategy. Before the introduction of ADA Pay, Cardano NFT auctions in particular took place on Discord.
Today Sotheby’s started an NFT auction entitled “Heir to the Throne” on behalf of the famous American rapper and businessman Jay-Z.
Can’t knock the hustle and bustle. In celebration of JAY-Z’s groundbreaking and groundbreaking debut album, “Reasonable Doubt,” Sotheby’s is offering an NFT of original digital art by a critically admired American artist @derrickadamsny. 1/3 pic.twitter.com/YaXoBinl7E
– Sothebys (@Sothebys) June 25, 2021
Sotheby’s and Roc Nation, Jay-Z’s entertainment company, are auctioning a digital portrait on the cover of his debut studio album “Reational Doubt”. Z.
According to the press release, the WENEW NFT platform will soon be launched on Polygon (MATIC), the innovation hub for scaling solutions.
I am very excited about the start of https://t.co/K0TMwMJWwZ !!!
This is a new project we have been working on to give people the opportunity to collect iconic moments in music, sports, comedy, history, etc. on the blockchain. pic.twitter.com/WqhkFwLFBo
– Beeple (@beeple) June 24, 2021
WENEW will be a great addition to Polygon’s existing NFT environment. To date, Polygon has 150 NFT-oriented applications and a robust infrastructure, including OpenSea and Upshot, the two leading projects in the global NFT market.
The outstanding feature of WENEW is its carbon negative design. In addition, WENEW will work with the Open Earth Foundation, with every purchase the users donate to the foundation’s initiatives.
Message mirror log
Mirror Protocol (MIR) says Mirror V2 Mainnet is now live.
Mirror V2 mainnet ok commitment thanks to the active participation of the community in the research process and the advice of the Mirror development team.
V2 Mainnet includes: Pre-IPO Assets, Governance Incentives, New Collateral Options, etc.
Faraland will debut feature FARA plug. With just a few simple clicks, users can join FARA staking and earn winnings and rewards including: experience points to level up NFT Hero, equip NFT Hero, FARA tokens.
Faraland is a game of plowing for money. The most direct way to make money in Faraland is by participating in the staking of FARA tokens. Faraland is currently in the final stages of introducing the feature on June 30th.
News chain link
According to the Santiment team, activity on the Chainlink network continues to grow.
According to the analysis, current network activity has surpassed the previous high in May when the LINK price hit ATH at $ 52.88.
???????? #Chain link increases in terms of its raw amount of remarkable daily #github Submissions. Our $ LINK The key figure for the development activity climbs again in the direction of yours #All time high Rate made 4 days before the price #All time high from $ 52.88 on May 9th. https://t.co/VXZKqZuCHM pic.twitter.com/bT4WJpEhLf
– Santiment (@santimentfeed) June 25, 2021
The Zilliqa development team, Switcheo and Polynetworks have developed a bridge to connect the ZIL network to Ethereum. According to the notification The ZIL – ETH Bridge will officially start the beta test on the project’s test network in the next 10 days and announce the official date before the test.
The Zilliqa – Ethereum Bridge is being developed with the aim of opening the door for interoperability between the two networks. This enables dapps, developers, and end users to transfer data and transactions between the two chains quickly and efficiently without the need for additional complex coding steps.
China’s prosecutor recommends OTC trader Zhao Dong. 2 years in prison
The trial against the OTC trader and founder of the cryptocurrency startup RenrenBit, Zhao Dong, took place in the Chinese city of Hangzhou.
Zhao Dong was charged with “assisting in criminal activity on the Internet” and allegedly being a trading partner in a money laundering program called “Day Day Up”.
The prosecution recommended a two-year prison term for Zhao Dong, and he pleaded guilty. The indictment states that he only made a profit of about $ 5,000.
According to OKNews, prosecutors proposed a 2-year prison term for China’s OTC King Zhao Dong, and Zhao Dong pleaded guilty. The indictment states that he only made a profit of about $ 5,000.
– Wu blockchain (@WuBlockchain) June 26, 2021
The case has attracted a lot of attention as Zhao is one of the most famous figures in the crypto industry in China. He operates one of the largest OTC exchanges in the country and is the founder of the crypto startup RenrenBit.
According to Bitcoin Magazine