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02/06/2022

South Korea's KB Kookmin Bank and Shinhan Bank are planning to integrate virtual assets into the personal credit management service (MyData). According to industry sources, South Korea’s KB Kookmin Bank is cooperating with the country’s major virtual asset exchanges to provide market linkage services. The bank plans to cooperate with Bithumb in the middle of this month to link the virtual asset market with the KB MyData service, and plans to establish more partnerships to expand the service scope. At that time, users can immediately confirm the virtual assets they hold on Mydata. Asset Quotes. In addition, Shinhan Bank also plans to provide digital asset quotations other than virtual assets such as digital gold in Mydata. Earlier on May 31, South Korea’s NH Nonghyup Bank announced that it had signed a virtual asset information inquiry business cooperation agreement with the crypto exchange Bithumb. South Korea's NH Nonghyup Bank is the first bank in the country's financial industry to display customers' virtual asset holdings in the "My Data" service.

01/06/2022

Reports show that Bitcoin miners spend more than 75% of their revenue on soaring electricity costs. “BTC mining is a very power-intensive process, a single BTC transaction consumes about 2,165 kWh of electricity. This is equivalent to a typical American household’s electricity usage for 74 days, plus the average household pays about $0.14/kWh , the scale of the expenditure becomes apparent.” According to the study, an Indian household consumes an average of 5.7 kWh of electricity per day, which means that it would take an average Indian household 380 days to consume the equivalent of mining one bitcoin. of electricity. By some estimates, BTC emits nearly 114 million tons of carbon dioxide annually, a figure comparable to the Czech Republic. Other estimates suggest that Bitcoin mining consumes 127 terawatt-hours of electricity per year—equivalent to the annual electricity consumption of Norway.

31/05/2022

Brazil’s Federal Tax Agency has passed a law requiring investors to pay personal income tax when trading in digital currencies. The law does not apply to all traders and is limited to transactions over R$ 35,000 (~$7,200). In late April, Brazil’s Senate approved a bill to regulate digital assets in the country. The bill, currently awaiting presidential approval, would put digital currency oversight in the hands of the executive branch of government.

29/05/2022

The data shows that 51% of the investment funds received by blockchain companies worldwide in 2022 will come from the United States, 18% from China, 5% from Switzerland, and 4% from the United Kingdom. The blockchain market is expected to grow from $7.18 billion to $67.4 billion by 2026, with a compound annual growth rate of 68.4%. According to BanklesTimes analysis, some of the main factors leading to the rapid expansion of the blockchain market are the increase in venture capital funding, the government is also increasing the development of this emerging technology and trying to adopt blockchain in cybersecurity. Especially in the past three to five years, the application of blockchain technology solutions in various commercial applications such as payments, trading platforms, smart contracts and digital identities has become a massive phenomenon.

28/05/2022

The data shows that the current TVL of the Ethereum bridge reaches $11.77 billion. Among them, the five bridges with the highest lock-up volume are Polygon Bridges ($4.16 billion), Arbitrum Bridges ($2.437 billion), Avalanche Bridge ($2.16 billion), Near Raibow ($1.171 billion), Fantom Anyswap Bridge ($987 million) ).

27/05/2022

The centralized lending and clearing areas on the Ethereum chain are $1,459 and $1,193, of which $1,459 is about $340 million, mainly generated by Maker; $1,193 is about $420 million, mainly generated by Aave

25/05/2022

Miami Mayor Francis Suarez said Tuesday at the World Economic Forum in Davos, Switzerland, that he is still receiving his salary in bitcoin even after the bitcoin slump over the past two months has sent bitcoin down nearly 40 percent. However, Suarez said that was not its only source of income. In addition, he said: "Bitcoin needs to be viewed from an innovation perspective, not an investment. The volatility of the cryptocurrency market is similar to that of an evolving technology market in the early days." It is reported that Suarez first announced plans to receive a salary in Bitcoin last year. And warned that in addition to the potential for high returns, people need to be aware of the high risk and volatility involved with digital assets.

24/05/2022

U.S. Senator Ted Cruz wants his home state of Texas to be the epicenter of crypto development. “I believe in bitcoin. I want Texas to be an oasis for bitcoin and cryptocurrencies,” he said. Cruz also took issue with central bank digital currency: “I think central bank digital currency is a terrible and very dangerous idea. ."

23/05/2022

Ethereum client Teku has released an optional upgrade to Teku v22.5.1, adding support for the Ropsten testnet, and reducing CPU, memory and network usage optimizations, and removing support for the Kintsugi testnet.

22/05/2022

According to the latest data, the current market value of PFP (Profile Picture) NFTs has exceeded 15 billion US dollars, setting a record high

21/05/2022

At the "Future of Everything Festival" conference held by The Wall Street Journal, Amazon senior vice president David Limp said that Amazon is currently working to expand the capabilities of its various devices, such as home robots and Ambient computing, Amazon.com Inc. is more concerned with developing technologies that affect the real world than the so-called metaverse. David Limp explained: “I do feel from the bottom of my heart that we want to improve the physical experience of the moment, and I think that’s something Amazon is investing a lot of time into. I want to try to develop something that will take people away from digital devices. technology, allowing people to enjoy the real world.”

20/05/2022

The Litecoin Foundation released draft Litecoin Improvement Proposals LIP-0002 and LIP-0003 in October 2019, aiming to integrate the MimbleWimble protocol for the Litecoin network to build privacy features. The MWEB upgrade will be activated at block height 2265984.

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