Are you ready for June 1?! 🚀 | Cheddur Crypto Update #33steemCreated with Sketch.

in cryptocurrency •  4 months ago  (edited)

Hey Steemians, 👋

A lot of important things happened this week in crypto, so let's hop right into the news!



Top Stories This Week

Block.one, the company behind EOS.IO (EOS), just purchased ~$25M USD-worth of RAM on the EOS network and is expected to make some major announcements re: EOS this upcoming Saturday (June 1) in Washington D.C. #B1June 🚀

Galaxy Digital just sold its shares in Block.one for ~$71M USD. 💸

The Ethereum (ETH) Foundation announced that it will be shelling out ~$19M USD over the next 12 months towards the development of Ethereum 2.0. 💰

Speaking of Ethereum, a new scalability solution called the "beacon chain" has been proposed by Vitalik and is being considered for Ethereum 2.0 development. 🚨

Bitcoin SV (BSV) surged over 200% in price this week as Craig Wright--the self-proclaimed creator of Bitcoin and the face of the BSV project--registered copyright claims on the Bitcoin white paper and original code. 🤦‍♂️

Bitcoin Cash (BCH) miners performed a 51% attack on their own network in order to "undo" malicious activity that occurred during the network's hard fork last week. Smart move or dumb idea? 🤷

The city of Baltimore is currently under a Bitcoin (BTC) ransomware attack. 😲

You can now use Bitcoin (BTC) to pay for your AT&T phone bill via BitPay. 📱

After suffering from technical difficulties this week, Binance announced that it will launch margin trading soon. 🖥️

Coinbase now supports Dai (DAI), a popular stablecoin. 🆕

Speaking of Coinbase, merchants all around the world can now accept USD Coin (USDC), another popular stablecoin, via the Coinbase Commerce platform. 🏪

You can now buy shares of the Kraken Exchange company starting at $1,000 USD. 🤑

Robinhood, a popular stock and crypto investing app, has officially launched Bitcoin (BTC), Ethereum (ETH), and several other cryptocurrency trading markets in New York. 🗽

Apparently Tether (USDT)'s cash reserves includes Bitcoin. Lolwut? 🤦‍♀️

"SIM Swapping" continues to be a major attack vector in the crypto space. 😔

From The Cheddur Community

Brazilians can now use SmartCash (SMART) to buy Google Play vouchers, pay for Netflix, and pay for Uber rides. 🇧🇷

Banano (BAN) is giving away more free BAN in a meme contest. 🚰

Check out Terracoin (TRC)'s weekly update here 📣.


That's it for this week! As the crypto markets continue to heat up, I think the next 2 years will prove to be VERY interesting!

- Jon Cursi & the Cheddur Team ✌️

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