Helium wants to move blockchains, Binance bans USDC, and the Ethereum Merge is forcing mining farms to change trajectories! Let’s take a look into this week’s insane crypto news. Don’t forget to sub! https://voskco.in/Sub
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Over the past few months, it seems like Helium and their HNT token have been taking a couple steps backward instead of moving forwards like we had hoped. Now, with the introduction of HIP 70, Helium could be set to move onto the Solana (SOL) blockchain, with the added benefit of more coins for miners! Current mining farms with GPU exposure are also now seeking alternative mining avenues due to the Ethereum Merge, which is set to take place in just a few days! Mining Ethereum (ETH) will no longer be viable, as the chain seeks to move to Proof of Stake, away from Proof of Work. And all of this amidst crypto projects having to make huge decisions, Binance stopping support for one of the largest stablecoins, and Bitcoin (BTC) mining becoming more difficult than ever! Let’s dive into some crazy crypto news!
📑 Crypto News 📑
Helium set to move to Solana blockchain? – https://medium.com/helium-foundation/hip-70-helium-core-team-proposes-to-migrate-to-solana-e7ea23a042e7
HIVE Blockchain seeks to replace their Ethereum miners – https://decrypt.co/109044/hive-blockchain-explore-mining-ethereum-alternatives-ahead-merge
MakerDAO to decide between decentralisation or profits – https://www.theblock.co/post/168197/coinbase-releases-governance-proposal-that-could-increase-makerdaos-revenue-by-24-million
Binance to stop supporting USDC in favor of BUSD – https://www.theblock.co/post/167885/binance-to-end-support-for-usdc-other-stablecoins-in-favor-of-its-own-busd
BTC Mining difficulty jumps over 9%! – https://www.theblock.co/post/166757/bitcoin-mining-difficulty-jumps-9-26-in-the-largest-increase-since-january
⏰ Timestamps ⏰
00:39 Helium moves to the Solana Blockchain
02:53 Dust Labs Raise $7M on Solana NFTs
03:19 HIVE Blockchain is searching for ETH alternatives
04:14 Make 23% Lending your ETH on Arbitrum
04:44 ETH miners’ migration
08:47 The government wants you to lose money on stocks and crypto?
09:44 Frax Finance launches Fraxlend
10:11 Coinbase releases a governance proposal
10:46 Binance bans USDC?!
11:42 BTC mining difficulty jumps 9.26%
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