Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we
know it, in the coming days.
Charles Hoskinson, the founder of Cardano (ADA), plans to build fantastic engines capable of processing billions, if not trillions, of transactions every year. He gave a title to his recent YouTube video “Thoughts on the Market and the Ecosystem”, where he gave his opinions on a set of circumstances in the cryptocurrency market.
As China prepares its regulatory crackdown on Bitcoin mining and trading, the network’s mining difficulty suffered its greatest decrease this year falling down by 16% to 21 trillion. In fact, Bitcoin’s average block production interval has now increased to 11 minutes between May 13, the last mining difficulty adjustment date, and May 21.
Elon Musk, the CEO of Tesla, has discovered a new idea of building a hot tub powered by Dogecoin mining heat. The wacky scheme was proposed by the Twitter account of Blockfolio, the top cryptocurrency portfolio tracker.
Ripple interrupted the US Securities and Exchange Commission (SEC) from obtaining records of legal concerns regarding XRP’s classification as a security. On May 7, the SEC had requested that Judge Netburn require Ripple to submit documents of legal guidance about whether its huge XRP sales comply with federal securities laws.
UK’s Starling Bank has prohibited cryptocurrency exchange deposits while dealing with “high levels of alleged financial fraud.” According to Starling, the block will be lifted as they bring out further checks particularly for payments to crypto exchanges.