Author: CryptooTimes
Venezuela becomes the latest nation to put a ban on crypto mining firms, citing heavy energy consumption. According to local news outlet AlbertoNews, Venezuela’s Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). The Venezuelan government plans to control excess energy consumption through the latest move while ensuring a consistent power supply for the local population. Venezuela’s National Association of Cryptocurrencies also confirmed the latest ban on the crypto mining industry in a May 18 X post. The move follows the recent seizure of 2,000 cryptocurrency mining devices in Maracay as part…
Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to 20 years. Source link
Through the Crypto Council for Innovation, a coalition of digital assets organizations and companies, including Coinbase, Kraken, Andreessen Horowitz, the Digital Currency Group and about 50 others, wrote a letter to Speaker of the House Mike Johnson (R-La.) and Minority Leader Hakeem Jeffries (D-N.Y.), advocating for passage of the bill. The Financial Innovation and Technology for the 21st Century Act (FIT21) has been authorized for floor time next week, where observers are hoping to see a mid-week vote. Source link
A New Era for Decentralized Recovery as Major Players Unite for the DeRec Alliance Expansion Introduction In a landmark announcement the , Ripple and XRPL Labs have joined the DeRec Alliance as founding members, alongside other key industry players such as Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation, and Revive Labs. This strategic DeRec Alliance expansion signifies a profound shift toward standardized decentralized recovery solutions in the blockchain arena, aiming to enhance the alliance’s robustness and reach. Understanding DeRec: Enhancing Digital Asset Recovery Origins and Mission of the DeRec Alliance…
Top cryptocurrencies demonstrated a robust recovery last week. The global market cap surged by 7% to reach $2.41 trillion. This increase reflected a $160 billion gain in valuation, driven by significant rises in most of the leading cryptocurrencies. Here are our picks for the top cryptocurrencies to watch this week: SOL, BONK and FMT prices – May 19 | Source: Santiment SOL retests 1-month high Solana (SOL) emerged as one of the top cryptocurrencies last week, despite experiencing range-bound movements initially. It began the week below the critical $150 threshold and struggled to show strength amid bearish conditions in the…
The company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. Source link
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Hedera continues to push boundaries in the blockchain space. This update explores Hedera Network’s recent advancements, including a surge in network usage, the Hedera Guardian platform’s contributions to sustainability initiatives, enhanced security features, and collaborative efforts to empower the next generation of blockchain leaders. Dive deeper into these exciting developments and more — stay tuned for the latest from Hedera! X.com Hedera Network Genfinity interviews Leemon Baird In a recent podcast conversation hosted by Genfinity, esteemed figures in the blockchain realm, John Woods and Leemon Baird, embarked on a comprehensive exploration of blockchain’s dynamic evolution. Their dialogue navigated through the…
The alleged mastermind behind the Solana memecoin protocol pump.fun exploit has been apprehended in London. According to Blockworks, citing sources familiar with the operation, British authorities arrested Jarett Dunn, a former contractor known online as @STACCoverflow, in the early hours of May 18. The arrest is said to have come following a meticulous 26-hour intelligence operation initiated by a third-party stakeholder who had hired a private intelligence firm. The operation leveraged social media posts and other publicly available information to track Dunn’s whereabouts in London. Local operatives, or “auxiliaries,” were reportedly deployed in a massive search that eventually led them…
The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management. Source link
