<

Ethereum News That Holders Can’t Believe This Is Happening!

Ethereum (ETH) news is worth mentioning because just like Bitcoin, ETH price can affect the entire market. That’s why traders should update the latest news involving such as Ethereum scaling, Ethereum adoption, their metaverse accelerator, and much more. ETH holders can’t believe this is happening and they can’t miss this news, either.

Putin Backs Crypto Mining in Russia

Putin backs crypto mining despite the bank of Russia’s hardline against it. The central bank of Russia proposed a total ban on crypto mining and trading but president Putin said NO.

Russia is the third biggest miner globally after the US and Kazakhstan. Putin wants to keep it that way if not get bigger because he wants to make money off of Bitcoin mining.

President Vladimir Putin backs a Russian government proposal to tax and regulate the mining of cryptocurrencies, rejecting the central bank’s proposal to ban it completely.

On Wednesday, Putin called for the government and central bank to reach an agreement soon on how to regulate crypto.

Ethereum Metaverse Accelerator

Ethereum NFT game The Sandbox (SAND), one of the major metaverses launches a 50 million dollars metaverse accelerator. The makers of the upcoming game plan to invest in and mentor up to 100 startups working to build the open metaverse.

The initiative plans to work with between 30 to 40 startups per year, across a three-year span. This isn’t just going in The Sandbox metaverse, it’s going to build an interoperable open network in general.

$200M DAO to Advance Ethereum Scaling

BitDAO just launched a 200 million zkDAO to advance Ethereum scaling via zkSync. A proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast and get this.

The proposal was authored by Matter Labs, the organization behind the Ethereum scaling proposal zkSync and Mirror Ventures. Major players are backing the scaling solution of zkSyncs through this DAO.

Warner Music Label Plots Metaverse Concerts

The next one is a major piece of adoption news for Ethereum. Warner Music plots metaverse concerts in Ethereum game, The Sandbox. The label for artists like Lizzo, Ed Sheeran, and the Red Hot Chili Peppers, plans to open a metaverse venue and amusement park.

They didn’t choose any other platform but they chose Ethereum’s The Sandbox. The major record label will use its virtual land plots in the game to create a space that serves as both a music-centric amusement park and a venue for concerts by its artists. It’s the first such label to secure a location in a metaverse game.

Reddit Trial for Ethereum NFT Profile Pics

Reddit trial will allow users to set any NFT as their profile picture. While Reddit already has its own Ethereum-based NFT collection called Crypto Snooze, the new feature will reportedly enable users to add any NFT they own to their Reddit profiles. People can now use digital collectibles as Reddit avatars.

Coinbase To List Solana Ecosystem Tokens?

Coinbase is reportedly close to listing Solana ecosystem tokens. Coinbase plans to allow withdrawals of SPL (Solana Program Library) tokens, which is Solana’s version answer to Ethereum’s ERC-20 token.

Solana’s native USDC, the stablecoin with its 4.8 billion dollars in circulating supply would be among the supported assets. This would be a big new step for Coinbase because listing SPL tokens would appear to mark a major development in Coinbase’s token onboarding strategy.

Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS