EU Documents Confirm Further Discussion Of PoW Ban – April 21

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $42,159

Bitcoin price has leapt back above the $42,000 level today, even tapping as high as $43,000 earlier this morning.

Top-20 altcoins have mostly seen small increases over the last 24 hours, as Ethereum gains 1%, BNB remains unchanged and Solana rises 2%.

Top Stories for April 21, 2022 πŸ”₯

πŸ‘‰ EU Documents Confirm Further Discussion Of PoW Ban

The European Union’s disdain for Proof-of-Work (PoW) cryptocurrencies has been further revealed, following the release of EU documents under freedom-of-information laws.

Documents published by German website show that Swedish and EU regulators discussed banning the trading of cryptocurrencies using PoW, in a November 2021 meeting.

PoW cryptocurrency mining came close to being banned recently in European Parliament, citing environmental reasons.

πŸ‘‰ Justin Sun To Launch Tron Stablecoin With $10B Crypto Reserves

Tron founder Justin Sun is launching an algorithmic stablecoin on the Tron blockchain, which will be backed using Tron and $10 billion of cryptocurrency.

The stablecoin, known as USDD, will launch May 5th. It will be managed by a decentralized autonomous organization called Tron DAO, which will administer a reserve with a 30% interest rate.

πŸ‘‰ 0x Labs Partners With Coinbase NFT, Soars 53%

0x Labs has partnered with Coinbase’s new NFT marketplace, for lower fees and a more feature-rich foundation for NFT exchange. 0x will enable cheaper transactions and the potential for other features such as free listings and instant royalties.

The price of the 0x (ZRX) token hit a five-month high of $1.18 upon the announcement, currently still up 53% despite a small correction.