European Regulator Calls For PoW Crypto Mining Ban – January 19

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$42,557

Bitcoin price has once again found itself in the $42,000s as price bounces back up off the $41,000 level.

Top-20 altcoins are mostly stable, as Ethereum gains 1%, BNB rises 2% and Terra leads with a 7% run.

Top Stories for January 19, 2022 🔥

👉 European Regulator Calls For PoW Crypto Mining Ban

Erik Thedéen of the European Securities and Markets Authority has called for European regulators to ban proof-of-work (PoW) cryptocurrency mining, claiming it may impact climate change goals.

Thedéen, who is the vice-chair of the organization, has advocated for proof-of-stake as a more energy efficient alternative. There has been plenty of pushback on the notion, including from Paris-based Melanion Capital who labelled the sentiment “completely misinformed”.

👉 Security Breach Revealed To Be Hack Of Up To $33M

The recent security breach has been revealed to be a hack, which resulted in the loss of up to $33 million, according to on-chain analyst ErgoBTC.

Around $15 million of ETH was taken in the hack, with the possibility of several million more compromised in BTC. paused withdrawals earlier this week due to suspicious activity on its platform.

👉 Osmosis Decentralized Exchange Launches Ethereum Asset Bridge

Osmosis, a leading cross-chain decentralized exchange based on Cosmos, is officially launching its Gravity Bridge – a new bridge that will enable the trading of assets based on Ethereum.

The implementation will enable easier trading between the Ethereum and Cosmos blockchains, as well as allow for MetaMask signatures for a better user experience.