Some relevant Crypto News you should know - May edition
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Yes, it is the last week of another month, so as usual, today is all about relevant crypto news that happened in the month of May.
The macro situation doesn’t look very bright, and overall sentiment is quite low. But there is still a lot happening in the background. And this month is even more special, as a lot of the cool stuff that happened has been shadowed by the LUNA/UST collapse.
So make sure to take some time to review the selected news I have for you all!
Without further ado…
Properly closing off on the LUNA/UST chapter
To give it a bit of a closure to this episode, let me kick off by sharing the fresh from the oven news (literally confirmed around 24hs before the time of this article) on where we are at with this saga.
For those of you who missed out on what happened, here is the article I wrote about it a few weeks back.
Now, the latest news: Terra Community Approves founder Do Kwon’s plan of reviving the project to launch LUNA 2.0. There will be a new Terra Blockchain, and a new LUNA coin, as well as an airdrop plan. Learn more here.
Now, the Adoption News…
El Salvador President Bukele shared about 44 Nations meeting in El Salvador to discuss, among other things, Bitcoin. Learn more here.
NFTs on Instagram! Instagarm is adding NFT support 'for creators and people'. Learn more here.
Stripe To Enable Millions of Merchants To Convert Payments Into Bitcoin via OpenNode. Learn more here.
FIFA announces partnership with blockchain Algorand. The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. Learn more here.
Shopify expands Crypto payment options in partnership with Crypto.com: merchants using Shopify now have access to crypto.com as another way for accepting cryptocurrency payments. Learn more here.
Panama is poised to approve the use of Bitcoin and 8 other cryptos ‘without limitation’. Learn more here.
Binance is now a fully regulated digital asset service provider in France. Learn more here.
Google Cloud seems to be constructing a Web3 team that will focus on providing blockchain services to enterprises. Learn more here.
Ernst & Young and Polygon (Ethereum Layer 2 solution) unveil blockchain-based supply chain manager, their first joined project. Learn more here.
Japanese e-commerce site SBI Motor adopts BTC and XRP payments for used cars. Learn more here.
Townsquare Media, a New York-based digital marketing and radio station company, discloses the addition of $5 million worth of Bitcoin (BTC) to its balance sheet. Learn more here.
According to Securities and Exchange Commission filings, Utah-based movie studio Angel Studios added $10.6 million in bitcoin (BTC) to its treasury through a stock sale in October. Learn more here.
One of Dubai’s regulators has just purchased its first piece of land in The Sandbox metaverse with the aim to open virtual offices. Learn more here.
Lastly, some Crypto Development News! Keep an eye on who is still building!
Decentralized exchange (DEX) Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018. Data shows that it has only been used by 3.9M addresses, which is a relatively small user base, indicating that there is a lot of potential growth to come. Learn more here.
Polkadot just achieved a massive interoperability milestone by upgrading locks in Parachain Messaging, allowing parachain-to-parachain messaging via the XCM “cross-consensus messaging” format. Learn more here.
Litecoin activates its privacy enhancement: MimbleWimble will allow Litecoin users to send and receive LTC without sharing private information with third parties. Therefore, Litecoin becomes the largest privacy-hanced virtual currency in the market. Learn more here.
Optimism announces a pool of $230M to incentivize project growth!
Sony and Theta Labs launch 3D NFTs that you can (almost) touch. Learn more here.
Free-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 web3 games over the next two years. Learn more here.
That’s it for today!
I hope this is helpful to keep you informed and aware of what’s happening in the space! Stay tuned for more.
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