Wikipedia to stop accepting crypto donations
Wikimedia Foundation announced that it will no longer accept crypto donations on environmental grounds. The decision was made based on a community request, which came out of a three-month-long discussion that wrapped up in April. A total of 232 users, accounting for 71.17% of the total vote, voted in support of the proposal. Wikimedia is the company behind the free web-based encyclopedia Wikipedia.
Crypto prices today: Bitcoin down 1.5%, ETH falls 1.7%
Bitcoin is currently trading at $38,992.7 a 2.7% increase over the previous day. Ethereum is up 3% over the last 24 hours to $2,858.92. Solana rose 1.51% to $90.29, while Cardano is trading higher by 3% at $0.792. Terra (LUNA) rose 3.5% to $83. The global crypto market cap stands at $1.75 trillion, a 2.49% increase over the previous day.
Bored Ape NFT company raises $285 million of crypto in virtual land sale
US-based Yuga Labs has raised ~$285 million worth of crypto by selling tokens that represent land in a virtual world game it says it is building. Last year, the company created the Bored Ape Yacht Club NFTs. They are blockchain-based tokens representing a set of 10,000 computer-generated cartoon apes. Yuga Labs has now set its sights on the Metaverse.
Solana crash blamed on bots swarming Candy Machine
Solana went dark for nearly 7 hours on Saturday after bots appear to have swarmed Candy Machine, an NFT minting tool. The bots reportedly submitted more than 4 million transactions a second, generating more than 100 gigabits per second (Gbps) of traffic that crashed the network.
India includes crypto businesses in new rules for cyber security
The Computer Emergency Response Team (CERT) has been named India’s national agency for cyber security, including the crypto industry. The agency has the authority over suspicious or illicit activities in the crypto sector. The move requires crypto businesses to keep know-your-customer (KYC) information and records of financial transactions for five years. This will ensure cyber security in the area of payments and financial markets for citizens.