Ethereum 2.0 coming in Q2
ConsenSys CEO and Ethereum co-founder Joe Lubin said the next era of Ethereum is likely to arrive between June and July. The Ethereum 2.0 project will boost the transactions per second (TPS) capability of the top blockchain for centralized, decentralized finance (DeFi) projects, and NFTs. It will also mark a shift away from the energy-intensive mining process followed currently.
Crypto prices today: Bitcoin down 0.4%, ETH up 1.2%
Bitcoin is currently trading at $40,690.4, a 0.41% decline over the previous day. Ethereum is up 1.28% over the last 24 hours to $2,794. Solana fell 1.2% to $86.26, while Cardano is trading lower by 1.6% at $0.829. Avalanche (AVAX) rose 3.62% to $79.41. The global crypto market cap stands at $1.82 trillion, a 0.21% increase over the previous day.
Coinbase hit with $5M lawsuit over ‘unlicensed’ sale of Dogecoin, 78 other crypto assets
Three users have accused Coinbase of selling unlicensed securities. They are seeking at least $5 million on behalf of themselves and everyone else who purchased Dogecoin, Solana, Cardano, and 70 other tokens on the platform. The users claim that since Coinbase is allegedly selling securities, it should have registered with the SEC as a national securities exchange. Such a designation is typically reserved for stock exchanges. It would subject Coinbase to a lot of regulatory and reporting obligations.
US Crypto Sanctions Bill aims to crack down on Russia, track wallets with foreign ties
US Senator Elizabeth Warren has proposed a new bill that enhances the US government’s ability to crack down on Russian crypto use. The bill also has a provision that requires US taxpayers to report certain types of crypto transactions. It would give US Treasury Secretary Janet Yellen “clear authority” to block US-based crypto exchanges from facilitating transactions with wallets based out of Russia.
GameStop to launch NFT marketplace by end of July
GameStop (GME) intends to launch a non-fungible token (NFT) marketplace by the end of July. It will partner with layer 2 system Immutable X for the launch of its NFT plans. The game retailer had hired dozens of people in Q4 with experience in areas such as blockchain gaming, e-commerce, and technology.
