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- 2024-05-20
2024-05-20
Fernando Fierro
May 20, 2024
Howdy folks,
⚡📈 Venezuela's power grid is under immense pressure, leading the government to ban all crypto mining activities to alleviate stress.
This move impacts many who relied on crypto mining as a financial lifeline amid the country’s economic instability. Governor Rafael Lacava spearheaded the initiative, seizing over 11,000 ASICs and shutting down numerous mining farms to stabilize the power grid.
In other news:
🌍🐙 Kraken assures it has no immediate plans to delist USDT from its EU exchange, despite looming MiCA regulations.
Kraken’s Mark Greenberg emphasized the exchange's commitment to complying with legal requirements, even as MiCA could challenge stablecoin legitimacy in Europe.
👤🤝 Vitalik Buterin addressed Ethereum’s community concerns, proposing upgrades to improve scalability and decentralization.
He highlighted techniques like “MEV quarantining” and reducing node storage requirements to enhance Ethereum's network, aiming to tackle issues like Maximal Extractable Value (MEV).
🤓🗳 Charles Hoskinson, Cardano’s founder, predicted that the crypto industry could be decisive in the 2024 elections.
He criticized President Biden’s administration for its anti-crypto stance and warned that crypto could determine the political future, urging voters to elect officials who support the industry.
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