Another exciting week in the crypto space is drawing to a close. The most important events around Bitcoin and Co. at a glance.
EU Parliament votes against Bitcoin ban
A decision that took the breath of the crypto space in Europe: the de facto ban on Bitcoin is off the table for the time being. The EU Parliament has decided against the problematic paragraph, which was tabled as an amendment shortly before the vote.
However, the European crypto space cannot feel completely secure. There is still work to be done before the MiCA guidelines complete the entire process. The vote could be described as a “stage victory”: this is how Stefan Berger (CDU), chairman of the committee responsible for economy and currency (ECON), sees it.
You can read more about the topic in this detailed article. Or you can listen to the following podcast episode on the subject:
Instagram soon with NFT feature?
The popular influencer platform Instagram will soon be adorned with NFTs. This was announced by Meta CEO Mark Zuckerberg at a conference in Austin, Texas. However, Zuckerberg did not reveal exactly how the feature should be designed.
Other social media platforms have already integrated non-fungible tokens. The premium version of Twitter now allows its users to use NFTs as profile images, which differ from “normal” images in their hexagonal shape. It remains to be seen how Meta wants to tackle the issue of NFTs.
You can read more information here.
SEC Will Stifle Crypto Firms With Paperwork
The fact that the US stock market supervisory authority is now cracking down on violations should be behind the cause. BlockFi and the heavy fine of 100 million dollars. Now, however, there are critical voices in Congress who fear that the SEC will act too harshly.
in one lyrics To SEC chief Gensler, a total of eight congressmen, both Republicans and Democrats, expressed concern about the agency’s overwhelming requests for information. There is even talk of a violation of the so-called “Paperwork Reduction Act” (PRA).
You can find more on the subject in this post.
Ethereum in the home stretch of proof of stake
DeFi’s top dog is currently on track to transition to the Proof-of-Stake consensus mechanism. The latest testnet called “Furnace” was successfully implemented.
Now, Ethereum network participants need to check the latest public testnet before the switch to make sure everything is running smoothly. The crypto scene is expecting the final conversion to Ethereum 2.0 this year.
You can find more information here.
End the Ukraine war with crypto?
Internet Computer founder Dominic Williams shared a slightly different tip with us in a blog post. In accordance with this, smart contracts and a verification process called “People’s Parties” will be used to educate the Russian population about the terrible events in Ukraine.
The idea is to pay Russian citizens $50 each in cryptocurrencies to incentivize them to watch the informative videos. He hopes that the Russian population will subsequently oppose Putin.
You can find our Ukraine news ticker here.
BTC-ECHO magazine (print and digital)
Kryptokompass is the leading German-language magazine on Bitcoin, blockchain and cryptocurrencies since 2014.
to the magazine