Bitcoin maximalist Poilievre becomes leader of Canada’s Conservative Party; USDT integrated with NEAR Protocol
The biggest news in the Cryptoverse on September 12th was the election of Bitcoin maximalist Pierre Polivre as the new leader of the Conservative Party of Canada. Tether integration with USDT’s NEAR protocol. Seven privacy tokens delisted from Huobi.
CryptoSlate Top Stories
Bitcoin Maxis bullish on new leader of Canada’s Conservative Party
Bitcoin maximalist Pierre Polivre has been elected as the new leader of the Conservative Party of Canada. Poilievre stepped into the limelight in his early 2022 and has since honed his image with pro-crypto doctrine.
Give back control of money to people. Keep crypto legal and let it thrive.
Join us and vote for me as leader to make Canada the blockchain capital of the world: https://t.co/d9I1ky9w2t pic.twitter.com/S1IcVETmZF
— Pierre Poilievre (@PierrePoilievre) March 29, 2022
His receptive attitude towards Bitcoin went a long way in helping him win the election. , seems to make more use of bitcoin cards.
Tether USDT Launches NEAR As Protocol Launches $100M Web3 Fund
Tether has successfully integrated USDT into the NEAR protocol. The new integration makes NEAR his 11th partner for Tether.
Tether says the new integration will make the NEAR ecosystem more stable and less volatile.
At the same time, Tether formed a new $100 million partnership with Caerus Ventures to fund creators in the Web3 space. Caerus Ventures is already an active investment firm supporting creators in the blockchain space. Tether has decided to back Caerus with another $100 million to support more creators.
Huobi Delists 7 Privacy Tokens Due To Compliance Policy
Huobi will delist Monero, Dash, Decred, Firo, Verge, ZCash and ZenCash on September 12th.
The exchange said it would cancel these privacy tokens because they do not comply with financial regulations in some regions.
South Korea sentences Metaverse sexual abuser to four years in prison
An unnamed 30-year-old man has been sentenced to four years in prison for sexually assaulting a minor in the Metaverse.
A local news source reported that a man met a minor in South Korea’s Metaverse and tried to persuade him to send him videos and images in exchange for virtual gifts.
The long-awaited Hodlonaut vs. Craig Wright trial begins
The legal battle between Australian computer scientist Craig Wright and Twitter influencer Hodlonaut that began in 2019 is finally ready for resolution. Controversy arose when Hodlonaut called Light a liar and an impostor when he claimed that Light was Satoshi Nakamoto.
A trial between the parties began on September 12 to determine whether Hodlonaut’s tweets damaged Wright’s reputation.
Starbucks Launches NFT Loyalty Program With Polygon
Coffee chain Starbucks has announced an NFT-based rewards program called “Starbucks Odyssey.”
The new loyalty program will run on Ethereum’s layer 2 polygon network and is expected to launch later this year. This will allow coffee lovers to earn and purchase her NFTs for special rewards.
Pumping Parrots NFTs increase sales by 753% in pyramid scheme model
A new NFT collection, Pumping Parrots, will be marketed as a pump and dump project.
NFT Line claims that making money by pumping and dumping is a utility, stating that it offers a chance to make money quickly before Ethereum merges.
At least I love a good pyramid scheme that clearly states about it. pic.twitter.com/Q9VtYNlhKe
—NFTStatistics.eth (@punk9059) September 11, 2022
The unconventional approach seems to have paid off, as the project recorded about 467 sales and a 753% volume increase in the last 24 hours. Various projects have also appeared on the market that copy the strategy of Pumping Parrot.
research highlights
Research: Use of Ethereum Gas by Stablecoins, DeFi, NFTs, and ERC -20 Contracts
CryptoSlate’s analysis compares Ethereum gas usage for stablecoins, DeFi, NFTs, and ERC-20 in a bear market and finds that gas usage for all categories except ERC-20 contracts is declining. discovered.
Ethereum’s current average gas price is $13.28, a significant drop from around $474.57 on May 1st. The first three categories of gas prices also fell significantly, but ERC-20 gas prices appear to have bottomed out in June 2022.
As also shown in the chart above, gas prices for ERC-20 transfers have been on an upward trend since June 2022.
Weekly Macross Rate: Bitcoin Faces First Global Recession As Currencies Collapse And Energy Crisis Becomes Reality In Europe
MacroSlate’s macro overview this week shows that the UK economy is in jeopardy in part because of a surge in payments to the pound and index-linked gifts, which hit a 37-year low. Europe is also struggling after her ECB’s recent rate hike of 75 bps.
Meanwhile, nearly a quarter of all US businesses are “zombie companies.” The term refers to companies that have near-zero interest rates and do not generate cash to pay interest on their debt.
Meanwhile, the correlation between Bitcoin and the S&P 500 remains strong.
Centralization, Divestment, and Network Stability: What’s Blowing Ethereum Pre-Merge?
Nansen’s latest report assesses Ethereum’s risks post-merger, saying that while most concerns in the community are unjustified, the merger does not undermine Ethereum’s core doctrine.
The report shows that PoS networks may introduce some degree of centralization into the ecosystem, with no risk of significant divestiture or destabilization after the merger.
News around Cryptoverse
Florida Government Lists 5 Signals To Identify Cryptocurrency Scams
The Florida Department of Agriculture and Consumer Services (FACS) has issued a warning about a rise in cryptocurrency scams and listed five red flags to help investors identify them. cointelegraph report.
These red flags were requests for immediate action, false claims, impersonation, requests for personal information, and requests for payment with gift cards or virtual currency.
crypto market
Bitcoin continues its upward trend, rising 3.26% over the past 24 hours to reach $22,370. Meanwhile, Ethereum fell 2.27%, trading at $1.722.
