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Crypto News Cast For May 12th 2022 ?

Crypto News Cast For May 12th 2022 ?
Crypto News Cast 📮 12-05-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1221 B
📊24h Mcap %:       -122.00%
⚠️Bitcoin Dom:        44.70%

📌Active Coins:       4536
📍24h Vol %:           12.10%
💲24h Vol:               $211 B

Crypto News Updates :

  • Do Kwon, Founder Of Terra, Discusses Strategies To Redeem The UST Stablecoin Peg
  • During Q1 2022, Townsquare Media Bought $5 Million In Bitcoin
  • The United Kingdom Lays Out Plans To Encourage Cryptocurrency Adoption
  • NYDIG Collaborates With Jack Henry & Associates To Offer Bitcoin Services
  • Germany Issues Its First National Crypto Tax Guide
  • Citi, Wells Fargo And BNY Mellon Invested $105million Into Talos, Crypto Infrastructure Firm
  • Alabama's City Of Mobile Launches Their First Bitcoin Mining Project
  • Nubank, Brazil's Largest Digital Bank Kicks-off Bitcoin And Ether Trading
  • Alabama's City Of Mobile Launches Their First Bitcoin Mining Project
  • NASA And Epic Games Teams Up To Create Martian Metaverse Simulation

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Do Kwon, Founder Of Terra, Discusses Strategies To Redeem The UST Stablecoin Peg

Do Kwon, CEO of Terraform Labs, has unveiled his Terra community rescue plan after an 18-hour delay during which his coins Terra (LUNA) and TerraUSD (UST) experienced a face-ripping freefall. Kwon requested that his team boost the base pool from 50 million to 100 million SDR and reduce PoolRecoveryBlock from 36 to 18. The minting capacity will rise from $293 million to over $1200 million. Read Full on cointelegraph.

During Q1 2022, Townsquare Media Bought $5 Million In Bitcoin

In a recent SEC filing, Townsquare Media (NYSE: TSQ), a New York-based radio network and media corporation, disclosed that it purchased $5 million in Bitcoin during Q1 2022. Despite its recent investment losses, it claims to believe in Bitcoin's long-term potential. It also states that, depending on market conditions, it will raise or decrease its digital asset holdings in the future. Read Full on CryptoPotato.

The United Kingdom Lays Out Plans To Encourage Cryptocurrency Adoption

Prince Charles addressed both the House of Lords and the House of Commons, outlining a number of commitments made by Her Majesty's government, including 22 legislation to be brought to assist expand and strengthen the economy and lower the cost of living for households. The bill also plans to support the safe adoption of cryptocurrencies. The goal of this measure is to keep and strengthen the United Kingdom's position as a worldwide financial services leader.Read Full on Bitcoin News.

NYDIG Collaborates With Jack Henry & Associates To Offer Bitcoin Services

Jack Henry & Associates, Inc. (Nasdaq: JKHY), a fintech software company, has announced a partnership with bitcoin bank NYDIG to give seven million banking clients access to bitcoin. Many businesses and individuals are refusing to use their banks' bitcoin services. Through the Banno Digital Platform, which is managed by Jack Henry, business and consumer account users will be able to use NYDIG's buy-hold-sell capabilities. Read Full on Bitcoin Magazine.

Germany Issues Its First National Crypto Tax Guide

The German federal finance ministry has provided guidance on the taxation of cryptocurrency, which is the first nationwide guidance on the subject. Individuals can sell bitcoin (BTC) or ether (ETH) without paying taxes after a year, according to Parliamentary State Secretary Katja Hessel. The guidelines cover mining, staking, lending, hard forks, and airdrops, as well as the tax status of bitcoin and ether purchases and sales. Read Full on coindesk.

Citi, Wells Fargo And BNY Mellon Invested $105million Into Talos, Crypto Infrastructure Firm

Following a $105 million Series B investment round headed by global growth equity company General Atlantic, Talos, a trading infrastructure firm's valuation has risen to $1.25 billion. Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, and others are among the other investors. The new round of funding will aid in the scaling and diversification of the company's institutional-grade digital asset platform, as well as its development into APAC and Europe. Read Full on CryptoPotato.

Alabama's City Of Mobile Launches Their First Bitcoin Mining Project

The GulfQuest Maritime Museum Board and Distributed Ledger Inc (DLI), a cryptocurrency infrastructure business, have announced a partnership to bring sustainable bitcoin mining to Mobile, Alabama. DLI is employing a customized shipping container to house 100 Bitmain Antminer S19 machines that will be air-cooled on-site and will mine bitcoin nonstop in order to raise funds for government projects and infrastructure. Read Full on Bitcoin Magazine.

Nubank, Brazil's Largest Digital Bank Kicks-off Bitcoin And Ether Trading

Nubank, the largest Brazilian digital bank by market capitalization, announced Wednesday that users would be able to purchase and sell bitcoin (BTC) and ether (ETH) on its platform. Paxos' blockchain technology will enable crypto trading and custody services. On Thursday, the product will be gradually made available to Nubank clients in Brazil, with the goal of reaching all of them by the end of July. Read Full on coindesk.

NASA And Epic Games Teams Up To Create Martian Metaverse Simulation

NASA, the United States space agency, has teamed up with Epic Games, the creators of Fortnite, to launch a contest to recruit developers to help create a Martian metaverse environment for training reasons. The goal of the challenge is to fill a metaverse environment called MarsXR, which has already mapped 400 km2 of Mars topography with realistic day/night cycles, all using Epic Games' Unreal Engine 5.Read Full on Bitcoin News.

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