Crypto Market Overview June 1st | Dex-Trade

Crypto Market Overview June 1st | Dex-Trade

US Scientists and Programmers Against Crypto Lobbyists

A group of 26 IT experts and scientists criticized cryptocurrencies, accusing blockchain technology and digital money of “not being decentralized”, and turned to US politicians with a request to “crackdown” on the cryptocurrency sector and its lobbyists in the country’s political community. According to the Financial Times, the team of skeptics included Harvard University professor Bruce Schneier, former Microsoft engineer Miguel de Icaza, Google Cloud chief engineer Kelsey Hightower, and apparently software engineer and outspoken crypto critic Stephen Diehl, as he actively justifies and propagates the group's actions on Twitter: “Crypto fraud is spiraling out of control. So-called Web3 is not going great. Regulators are paralyzed and people are getting hurt left and right. It’s on us as citizens and responsible engineers to help fix the problem we created by our inaction.” The group's letter of appeal was addressed to U.S. Senate Majority and Minority Leaders Charles Schumer and Mitch McConnell and "leading senators" such as Republican Patrick Toomey and Democrat Ron Wyden. The last two are considered supporters of cryptography, but only on a number of issues.Interestingly, the group's rhetoric includes classic explanations for the incapacity of the crypto and its danger to the "common people". We've heard this somewhere before...


Ferrari, Lamborghini, Rolls-Royce, McLaren, Aston Martin and Bugatti can now be ordered for SHIB

Cryptocurrency travel site Travala added support for the Shiba Inu cryptocurrency back in December last year, and the day before yesterday, the company’s Twitter posted the news that the service supports the booking of Ferrari, Lamborghini, Rolls-Royce, McLaren, Aston Martin and Bugatti supercars using meme-crypt. At the moment, the resource allows SHIB owners to book about three million travel products worldwide, including flights, hotels, and travel packages. Supercars have become another addition to the company's range of services, most likely in order to draw attention not to the currency itself, but to the capabilities of the tour operator. The use of crypto is not an innovation in the tourism business. According to U.Today, travel and hotel booking platform XcelTrip has already announced the introduction of SHIB as a payment method that allows you to organize your travels and pay for them in full. Now you can book rooms in 2.3 million hotels, buy tickets for more than 450 airlines, and rent cars in more than 70 countries. By the way, NOWPayments allowed merchants to deploy the SHIB BSC payment gateway, which allows them to accept wrapped SHIB.


South Korea Will Create a New Government Agency Due to the Collapse of Terra

The South Korean authorities intend to create a Digital Assets Committee, whose task will be the strict control over the cryptocurrency business, which they saw as necessary after the collapse of the Terra project’s coins. The creation of the committee is scheduled for June. It is important to note here that the proposal to form it has been submitted and considered since the first day of the collapse of the UST stablecoin, but the government cannot constitutionally create such an independent body until the planned Digital Asset Basic Law is approved by the South Korean Parliament. It is reported that the new Digital Assets Committee will be established by expanding and reforming the existing Virtual Assets Special Committee. The tasks of the new state body will include setting standards for the listing of digital money, regulating unfair trading practices and monitoring measures to protect investors. And by 2024, South Korea intends to institutionalize cryptocurrency. A similar plan has already been announced by President Yoon Suk-yeol and the South Korean administration. There is hope that they will do better than in China.