Cryptocurrencies have gained exceptional popularity over the past few years, and the number of people who use them is growing every day. In addition, this helps to the establishment of amazing opportunities for people to work in the Crypto, NFT, and metaverse areas as developers and investors as well as gamers and analysts, among other roles.
In the meantime. we’re here with some incredible cryptocurrency news to keep you up to date on what’s going on in the world right now.
The following themes will be discussed as a consequence of our findings:
Vladimir Tenev, CEO of Robinhood, went to Twitter to explain how DOGE may become the internet’s next currency.
Tenev detailed the steps necessary to convert meme coins into usable money for everyday internet purchases and transactions in a 12-post thread to his 200,000 followers. Tenev stated that Dogecoin’s transaction costs are currently sufficiently low to make it a competitive e-cash competitor.
Here is his one tweet, you can read the complete thread from his profile.
Read the thread: https://shorturl.ae/1g8lk
He believes that Dogecoin’s block size and block time should be increased if it is to gain widespread adoption.
With a general block size of 1MB and a block duration of 1 minute, Dogecoin currently has a throughput of around 40 transactions per second (TPS).
Given that the VISA system has a throughput of over 65,000 TPS, DOGE’s overall throughput would need to be increased about 1,625 times to equal VISA. According to Tenev, this may be addressed by increasing DOGE’s block size limit from 1MB to 1GB and eventually 10GB.
The Luna Foundation Guard received another 10 million LUNA tokens from Terraform Labs last month, after a $1.1 billion donation last month.
The Luna Foundation Guard (LFG) is a Terra-affiliated non-profit corporation responsible with collateralizing Terra’s algorithmic stablecoin Terra USD (UST) against the US dollar.
Many assume that part of the cash will develop Terra’s digital gold stockpile, headed by creator Do Kwon, who wants to amass $10 billion worth of Bitcoin (BTC) to back the UST’s reserves. A fraction of LUNA may be burnt to preserve the UST/USD peg.
TFL has granted the LFG $1.1 billion in LUNA to be burned to coin UST and build its reserves.
PledgeCrypto allows NGOs to receive crypto contributions in over 130 cryptocurrencies and convert them to fiat money.
Ariana Grande, a vocal supporter of transgender rights and creator of the Protect and Defend Trans Children Fund, is partnering with Pledge to raise funds for LGBTQ groups supporting and advocating for transgender youth. Mitt Romney’s $1 million contribution match offer
A free, completely integrated fiat & cryptocurrency giving platform, PledgeCrypto delivers donations to certified charitable organizations. Knowledge of crypto wallets or Know Your Customer paperwork is not required.
The Gemini Credit Card was launched and is now available in all 50 states of the USA.
Gemini’s card, launched in 2021, would reward members for making everyday transactions using bitcoin. Since the Gemini Credit Card queue started last year, more than 500,000 individuals have signed up.
The new card will be accessible solely via WebBank, a state-chartered industrial bank.
Gemini accepts approximately 60 different currencies. Cardholders may get up to 3% bitcoin back on dining, 2% on grocery, and 1% on all other purchases.
Gemini transforms the reward value associated with each purchase into the appropriate digital asset and deposits it into the cardholder’s account. Cardholders may exchange their cryptocurrency incentive as often as they choose, earning more coins.
Earlier this year, the firm ceased donations due to a backlash against Bitcoin.
Mozilla, the firm behind the Firefox web browser, attempts to appease its eco-conscious supporters by accepting only PoS currency payments. After a review period, the business has reopened all coin donations to evaluate community sentiment and research crypto energy use.
According to a February investigation, proof-of-stake blockchains use less than 1% of the energy consumed by Bitcoin.
Mozilla essentially prohibits both Bitcoin (BTC) and Ether (ETH) until the Merge occurs and the blockchain adopts PoS.
MicroStrategy CEO Michael Saylor has stated to his business’s shareholders that his company wants to “vigorously pursue” its reserve assets strategy of purchasing and holding further Bitcoin.
Saylor’s publicly listed firm is the world’s biggest single-wallet holder of Bitcoin (BTC) with 129,218 BTC. These coins are today worth around $5.1 billion. On April 5, MicroStrategy purchased an additional 4,197 coins.
By contrast, Tesla, the runner-up in MicroStrategy’s hodling contest, holds 43,200 BTC worth around $1.7 billion.
Despite global headwinds like the war, inflation, and interest rate hikes, MicroStrategy and Do Kwon’s Terra (LUNA) purchasing tens of millions of dollars of Bitcoin at a time has helped maintain pricing confidence. Terra’s Bitcoin holdings are now just 800 coins behind Elon Musk’s Tesla, the second most valuable publicly listed company in terms of Bitcoin holdings.