US Lawmakers Draft Bill To Ban China CBDC From App Stores – May 27

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$28,731

Bitcoin price is currently sitting in the $28,000s as price appears to once again be testing the lower bounds of its recent range.

Top-20 altcoins continue to perform worse than Bitcoin, as Ethereum drops 7%, BNB falls 4% and Avalanche once again leads the slide with a 10% drop.

Top Stories for May 27, 2022 🔥

👉 US Lawmakers Draft Bill To Ban China CBDC From App Stores

Three Republican US senators have introduced a bill this week, aiming to limit the use of China’s central bank digital currency (CBDC) within the United States.

The bill has been named the “Defending Americans from Authoritarian Digital Currencies Act” and seeks to block the use of the digital yuan (also referred to as e-CNY), from US app stores and other areas.

All app and software distributors in the US would be banned from supporting transactions in the currency.

👉 Solana Blockchain Clock Loses Track Of Time

Solana’s blockchain clock has fallen out of sync with real-world time, as a result of slowed slot times on the network – currently running about half an hour behind.

Although the issue does not impact general network performance, the network will be showing timestamps that are different from real world time. Staking rewards may also have reduced earnings.

👉 Terra 2.0 Chain To Launch Tomorrow, LUNA Airdrop To Follow

The replacement Terra blockchain is due to launch tomorrow, with an airdrop of tokens for the new chain to be conducted shortly after.

TerraUSD (UST) stablecoin holders will be eligible to receive new LUNA tokens with vesting, based on their previous holdings – an effort to reimburse users for some of their losses following the network’s crash.