Only the latest crypto news and updates in U.Today’s News Digest!
U.Today has compiled the top four news stories of the past.
Cardano Founder Hoskinson Trolls Solana After Another Network Halt
The Crypto Community Hardly Forgot About Solana’s Outage Last week Bored before another stop. Solana mainnet beta struggled with this issue for about four and a half hours and later, the validators were able to restart the mainnet. According to Solana Labs co-founder Anatoly Yakovenko, there was a bug that caused nodes to generate different outputs, which caused the consensus to fail and eventually the network to shut down. cardano maker Charles Hoskinson Reached out for comment on the incident, the developers of Solana suggested a video on how to fix old video games. Hoskinson later explained that the reason for his sarcastic remarks was that the Solana community mercilessly mocked Cardano for trying to set things right and using expert judgment and formal methods to avoid such problems. .
Shiba Inu suggests major trend as prices fall according to this metric
According to the 30-day market price to actual value (MVRV), Shiba Inu The middle of the current accumulation may be near the “opportunity” zone. The 30-day MVRV for SHIB fell below the previous two local bottoms at -34% and -44%, which per sentiment suggests short-term holders are losing money and selling is less likely. At the time of writing, SHIB is trading at $0.00000106, down 3.5% over the past 24 hours. In case of further downside, a break below the lower end of the $0.000001047 range could risk a retest of the $0.00000856 level. If history repeats, SHIB may consolidate for some time before the next move. In an alternate scenario, the current triangle pattern could result in up to $0.00001742 before meeting a key hurdle.
Dogecoin as Legal Tender in California? This Senate candidate wants to do that
dogecoin, the first meme cryptocurrency, has been proposed to become legal tender in the state of California. That’s the idea of Timothy Ursich, a chiropractor and sports medicine specialist who is running for the US Senate in California. The candidates are calling on Dogecoin co-founder Billy Marcus and Tesla CEO Elon Musk to support their campaign ahead of the June 7 primary. However, despite the recent Golden State becoming more crypto-friendly, it is clear that there is no chance of Dogecoin being adopted as legal tender in California as Ursich is likely to receive a small number of votes. as before Reported by U.TodayDespite its ambition to reach carbon neutrality by 2045, California remains one of the top states in terms of bitcoin mining. The state accounts for 7.5% of the country’s hash rate.
White House Notes Bitcoin’s Climate Impact
Bloomberg Law reports that of bitcoin Energy needs have come under the scrutiny of the Biden administration as it is now working on policy recommendations on crypto mining. White House energy director Costa Samaras says reducing total emissions is critical if bitcoin becomes a “meaningful” component of the financial system. Still, there are few details about the administration’s approach to crypto mining regulation, and it is unclear whether a policy will be implemented. as Reported by U.TodayIn March, President Biden signed an executive order on cryptocurrencies. The decision was applauded by the cryptocurrency community as it was considered generally favorable to the industry, especially miners.