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Stellar Foundation and Elliptic Ink Exclusive Deal

“The Stellar Development Foundation, or SDF, a non-profit tasked with fostering Stellar's network growth, unveiled new ties with crypto risk-management operation, Elliptic, on April 30.

Essentially, Elliptic now brings Stellar-based businesses the ability to track suspicious and fraudulent activities, such as transactions, adding transparency for criminal prevention and regulatory requirements.

Over the last several years, the blockchain industry has seen an influx of regulation, particularly in the U.S. As governing bodies expand customer verification requirements, related businesses in the sector must also equip themselves with the right tools to facilitate those requirements.”

🔍 Learn more:
https://cointelegraph.com/news/stellar-foundation-and-elliptic-ink-exclusive-deal?utm_source=Telegram&utm_medium=social

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Social media platforms for crypto enthusiasts talk and earn bitcoin

“It’s hard for most people to imagine their lives without the use of social media, and crypto enthusiasts are no different. Since the beginning, the crypto industry has thrived on social media platforms, as they allow people to connect and share ideas.

So, here is a list of social media sites for crypto enthusiasts who love trading, discussing technology and ideas, or simply connecting with others.

As blockchain technology grows, and as social media increasingly becomes part of our daily lives, innovation will follow suit, leading to the emergence of value-based social media platforms, not to mention the mass adoption of crypto. But for now, the move toward uncensored social networks has begun, and the crypto community is charging ahead of the pack.”

🔍 Learn more:
https://cointelegraph.com/news/social-media-platforms-for-crypto-enthusiasts-talk-and-earn-bitcoin?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Top 5 Countries Frantically Googling “Bitcoin Halving” right now

“The Bitcoin (BTC) block subsidy halving is all anyone can talk about this week — but according to Google, it’s Europe that is most obsessed.

As Cointelegraph reported, search interest can often translate into adoption through channels such as major exchanges. Purchasing volumes have increased conspicuously since mid-March.
As of press time on May 5, these five countries generated the most requests regarding the largest cryptocurrency’s most important coming of age.”
🔍 Learn more:
https://cointelegraph.com/news/top-5-countries-frantically-googling-bitcoin-halving-right-now?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Ripple Joins ISO Global Standards Body on Cross-Border Payments

“Ripple has become a member of the ISO 20022 standards body, which is driving a new data standard for payments and data messaging between global financial institutions.

ISO 20022 proposes a single standardized approach in methodology, process and repository to enable communication and interoperability between all global financial organizations.

As Cointelegraph has recently reported, for every new high profile partnership there is a market dilution of XRP by Ripple or its former executives, along with ongoing allegations of XRP being an unlicensed securities sale.”

🔍 Learn more:
https://cointelegraph.com/news/ripple-joins-iso-global-standards-body-on-cross-border-payments?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Former UFC Champion “Can’t Sit On Sidelines Any Longer” - Buys Bitcoin

“American mixed martial artist and former UFC lightweight champion, Eddie Alvarez, has bought one Bitcoin (BTC). In a tweet, May 7, he claimed he “can’t sit on the sidelines any longer.”

Askren is such a big BTC fan that he has even changed his Twitter handle in honor of the upcoming Bitcoin halving. As Cointelegraph reported, in January he also publicly labeled XRP “a scam.”

The UFC recently announced a partnership with sports tokenization platform, Chiliz, offering fans the opportunity to exchange tokens for VIP experiences.”

🔍 Learn more:
https://cointelegraph.com/news/former-ufc-champion-cant-sit-on-sidelines-any-longer-buys-bitcoin?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
📧 Email: support@elgalcoin.com
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Bitmex CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin

“Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market.

Hayes is not alone in thinking that more institutional investors will follow Jones’ method to hedge against inflation risks. On May 7, CNBC's Bitcoin baller, Brian Kelly, or BK, and CNBC's Fast Money traders discussed the potential impact of the billionaire investor’s Bitcoin news.

On May 2, major United States’ crypto exchange, Coinbase, published a report arguing that the pandemic-fueled crisis will make Bitcoin superior to gold.”

🔍 Learn more:
https://cointelegraph.com/news/former-ufc-champion-cant-sit-on-sidelines-any-longer-buys-bitcoin?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Bitcoin Block Sizes Sees New All Time High, Hash Rate Catching Up

“The mean block size of the Bitcoin network peaked this month, with the hash rate setting new records before the rewards halving, scheduled in about 10 hours at the time of press.

With the halving approaching, the Bitcoin network is likewise seeing a significant increase in fees, possibly to prioritize transactions. The average transaction fee for BTC peaked at $3.19 on May 8, an increase of over 300% from the average fee of $0.62 on April 26.

At the time of writing on May 11, the BTC hash rate was just over 136 EH/s according to Blockchain.com.”

🔍 Learn more:
https://cointelegraph.com/news/bitcoin-block-size-sees-new-all-time-high-hash-rate-catching-up?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Tether USDT Surpasses XRP as the 3rd Largest Cryptocurrency

“Tether’s (USDT) has just surpassed XRP in market capitalization, becoming the third biggest cryptocurrency in the moments leading into the Bitcoin halving.

Sitting with a market cap of $8.79 Billion it is now bigger than XRP, whose market cap is roughly $8.6 billion. USDT is currently second only to Ether (ETH) as the largest altcoin in the cryptocurrency market.

The market cap rise comes as a result of the constant increase in the supply of USDT, the majority of which circulates on the Ethereum blockchain. There have also been huge inflows of USDT into exchanges in recent weeks in the run-up to the Bitcoin halving.”

🔍 Learn more:
https://cointelegraph.com/news/tether-usdt-surpasses-xrp-as-the-3rd-largest-cryptocurrency?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
📧 Email: support@elgalcoin.com
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1000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network

“One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH) — a single transaction that represents more U.S dollar value than the entire Lightning Network.

It brings the total amount of Bitcoin now locked in WBTC tokens to 2,300, compared to the roughly 927 Bitcoin (BTC) locked on the Lightning Network.

Wrapped Bitcoin is an ERC-20 token that allows users to access popular ETH-based DeFi protocols using the value represented by their Bitcoin holdings.

The recent growth in popularity of DeFi has driven an expansion in the number of DeFi projects offering Bitcoin tokenization on the Ethereum network.”

🔍 Learn more:
https://cointelegraph.com/news/1000-wbtc-minted-today-on-ethereum-dwarfs-entire-lightning-network?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
📧 Email: support@elgalcoin.com
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Users Are Holding $220 Million More Bitcoin Since the Halving

“Almost 24,000 Bitcoin (BTC) have been withdrawn from exchanges since Bitcoin’s halving on May 11, according to Bitcoin Exchange Net-Flow data from on-chain market analysis platform Glassnode. The trend of Bitcoin flowing out of exchanges started in mid-April and has continued with only a short reprieve in the hours before and after the halving:

This trend could signify two new developments — that current users are taking more responsibility for their own funds rather than trusting exchanges, or that a large portion of new users are looking at Bitcoin as a store of value rather than as a trading asset.

The number of daily active Bitcoin addresses has surpassed 1 million for the third time ever. Prior to this the number of active users saw similar volumes only during mid-June 2019 and the bull run in late 2017.”

🔍 Learn more:
https://cointelegraph.com/news/1000-wbtc-minted-today-on-ethereum-dwarfs-entire-lightning-network?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Rich Dad Poor Dad Author’s Warning: “Get Bitcoin and Save Yourself”

“Robert Kiyosaki’s May 19 message on Twitter to buy Bitcoin was more ominous than his earlier prediction of a $75,000 BTC price.

On May 19, the best selling author of the book “Rich Dad, Poor Dad” took to Twitter in a mostly all-caps message denouncing the Federal Reserve’s actions during the pandemic and his belief that assets like gold, silver, and Bitcoin (BTC) would be investors’ saviors during this crisis.”

🔍 Learn more:
https://cointelegraph.com/news/rich-dad-poor-dad-authors-warning-get-bitcoin-and-save-yourself

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🏆 Website: https://elgalcoin.com
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Bitcoin Has 140 times More Daily Active Addresses Than XRP

“Bitcoin (BTC) continues to lead the popularity contest among the top cryptocurrencies — but it has fewer addresses with actual coins in them than Ethereum.

According to data from on-chain market analyst Glassnode, Bitcoin has almost three times as many daily active addresses as Ethereum (ETH), 11 times more than Litecoin (LTC) and 140 times more than Ripple (XRP).

The number of new Bitcoin addresses being created each day is almost five times that of Ethereum. New Bitcoin addresses reached almost 470K in 24 hours, the day after the Bitcoin halving, in contrast to Ethereum increasing by only 90K new addresses daily.”

🔍 Learn more:
https://cointelegraph.com/news/bitcoin-has-140-times-more-daily-active-addresses-than-xrp?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
🔍 Twitter: https://twitter.com/elgalcoin
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Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan

“There is no country with more to lose from the disruptive potential of digital currency than the United States,” say analysts at JPMorgan Chase & Co

While the analysts do not anticipate the dollar losing its status as global reserve currency anytime soon, they pointed to some of the weaker links in the currency’s dominance — including in trade settlement and the SWIFT messaging system.

Were countries able to circumvent SWIFT, JPMorgan notes, the United States would find itself less able to achieve its geopolitical strategic goals, which in part relies upon the greenback’s global dominance.”

🔍 Learn more:
https://cointelegraph.com/news/digital-currencies-could-threaten-us-geopolitical-power-warns-jpmorgan?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Louisiana Might Soon Offers a License to Bring Crypto Business Back

“The state of Louisiana might soon pass a bill to offer licenses for crypto businesses to operate legally, according to a May 25 report. The bill was filed earlier this year with the goal of helping crypto businesses get official licensure and bring more crypto-related business to the state.

The new bill is backed by state representative Mark Weight. If the bill passes, the state would then have a crypto framework to operate from, defining a number of crypto-related terms.

If Louisiana can successfully pass its crypto license law, the state might join a few others seeking to provide clear regulations for cryptocurrency businesses. As Cointelegraph previously reported, New York has been championing a rather attentive regulatory approach. The New York State Department of Financial Services (NYDFS) has so far granted just 18 BitLicenses since it began regulating the local crypto market in 2015.”

🔍 Learn more:
https://cointelegraph.com/news/louisiana-might-soon-offers-a-license-to-bring-crypto-business-back?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Reddit’s Fortnite Community Outpaces r/CryptoCurrency in Token Transfers

“Reddit’s r/FortNiteBR community has conducted almost five times as many ERC-20 token transfers as the r/CryptoCurrency community with over 1% of Fortnite subscribers holding tokens.

After only two weeks of Reddit launching their Ethereum-based Community Points system, over 15,000 users have performed almost 18,000 token transfers with over 80% using FortNite’s Brick tokens as shown by DappRadar’s Reddit Points Tracker.”

🔍 Learn more:
https://cointelegraph.com/news/reddits-fortnite-community-outpaces-r-cryptocurrency-in-token-transfers

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🏆 Website: https://elgalcoin.com
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Canadian University Adds Two Blockchain Programs to Meet Job Demands

“Canada’s York University School of Continuing Studies today announced two new university-level continuing blockchain programs — the part-time Certificate in Blockchain Development and the full-time Post-Graduate Certificate in Back-End and Blockchain Development.

The university said their new courses aim to meet the rising demand for blockchain developer roles in Canada, especially in the Greater Toronto Area, where it has risen by 374% in the last two years.

In their announcement, the university highlighted that the ongoing pandemic has only added to the demand for blockchain use cases and blockchain jobs. The assistant vice-president of continuing studies Tracey Taylor-O'Reilly stated that blockchain is a revolutionary technology that can help in “solving problems created by the pandemic.”

🔍 Learn more:
https://cointelegraph.com/news/canadian-university-adds-two-blockchain-programs-to-meet-job-demands?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Historic SpaceX Launch Visible in Ethereum-Based VR World

“The first launch of a space vehicle built in and launched from the United States in almost a decade wasn’t just viewable on NASA’s YouTube channel — users of the Ethereum-based virtual reality world Decentraland got front row seats.

Decentraland said in a May 30 tweet that the recent SpaceX launch would be available live in its VR world. Users were able to watch the event in the environment’s virtual auditorium as Elon Musk sent two humans into orbit in the first private, manned spacecraft launch in history.

🔍 Learn more:
https://cointelegraph.com/news/historic-spacex-launch-visible-in-ethereum-based-vr-world?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Japanese Finance Minister May Be Opposed to Lowering Tax on Crypto

“Finance Minister Taro Aso suggested he was unwilling to push for lowering the tax rate on cryptocurrencies in Japan to a flat 20% because it’s difficult for many households to invest in digital assets.

Aso was responding to a question from Japan Restoration Association member Shun Otokita at a meeting of the House of Councillors Committee on Financial Affairs which convened on June 2.

“Out of 1900 trillion yen [17.6 billion USD] financial assets held by households in Japan, around 900 trillion yen [8.4 billion USD] is now being held as cash deposits and that is abnormal," said Aso.”

🔍 Learn more:
https://cointelegraph.com/news/japanese-finance-minister-may-be-opposed-to-lowering-tax-on-crypto?utm_source=Telegram&utm_medium=social

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🏆 Website: https://elgalcoin.com
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Bitcoin ATMs Face Tighter Regulations over Money Laundering

“Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements.

A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. The report also found that 88% of funds sent from U.S. crypto ATMs to virtual currency exchanges were transferred overseas. The figure has seen exponential growth over recent years, doubling annually since 2017.”

🔍 Learn more:
https://cointelegraph.com/news/bitcoin-atms-face-tighter-regulations-over-money-laundering?utm_source=Telegram&utm_medium=social

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Cardano Price Rallies 60% Following Shelley Proof-of-Stake Upgrade Announcement

“The price of Cardano (ADA) has increased 60% in the week following Cardano co-founder Charles Hoskinson revealing the roadmap for the Shelley upgrade in a YouTube podcast with Lark Davis, aka Cryptolark.

Shelley will see the network upgraded from a centralized network to a distributed one through the Shelley protocol upgrade by July 7, viewers were told, in conjunction with details about staking rewards and the hard fork.”

🔍 Learn more:
https://cointelegraph.com/news/cardano-price-rallies-60-following-shelley-proof-of-stake-upgrade-announcement?utm_source=Telegram&utm_medium=social


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