Nasdaq-listed mining company Riot Blockchain mined 466 BTC in May, up 104% from the same period in 2021.

As of May 31, the firm has amassed 6,536 BTC self-mined cryptocurrency reserves. Riot sold 250 BTC last month for a net proceeds of approximately $7.5 million.

The company reportedly has a fleet of 43,458 miners with a total hash rate of 4.6 EH/s. Riot Blockchain CEO Jason Les said that with the deployment of an additional 7855 machines, the figure will increase to 5.4 EH / s.

In April, the company’s shares, like those of other companies related to cryptocurrencies, outpaced bitcoin in terms of the depth of the fall. According to a new industry metric from Arcane Research, Riot shares, along with Marathon Digital, are the most overvalued among public miners.

In May, Riot shares fell 36.62% to $6.87 at the close of trading on June 2.

CBDCs are capable of completely replacing private virtual currencies, including bitcoin. This was stated by Deputy Governor of the Reserve Bank of India T. Rabi Sankar, writes Outlook.

The comment came after the Ministry of Finance announced a report on cryptocurrencies.

T. Rabi Sankar spoke about the "methodical work" of the regulator on the introduction of the digital rupee. CBDC will provide better management of the national currency, reduce the risks of settlements in the interbank system, and become the best alternative in cross-border payments, he added.

The official stressed that the Central Bank is approaching this initiative “weighedly”, given the possible negative effect on the banking system through limiting the ability to attract deposits by credit institutions and their role in the implementation of monetary policy.

“We will go through a proof-of-concept process, followed by pilot projects and phased implementa ... Read more »

New York-based commercial real estate company Okada & Company has listed a 7-story NFT office building for sale.

The 4,301 sqm property is located in the Chelsea area, steps away from Madison Square Park.

The token is listed on the OpenSea marketplace for 15,000 ETH (over $26.4 million at the time of writing) and gives the right to purchase a physical building.
“You get real estate after buying NFTs. You can live in the building or rent it out. It's not just an expensive jpeg,” tweeted agency CEO Chris Okada.

The owner of the NFT will have to go through a standard process to obtain ownership.

Auction ends July 1st.

President of the Central African Republic (CAR) Faustin-Archange Touadera announced plans to tokenize the country's natural resources.

According to the document, within the framework of the Sango project, companies associated with the crypto industry and "creating a presence in the country" will receive access to tokenized assets.

The Central African Republic has significant natural resources - deposits of diamonds, uranium, gold and oil. It is one of the poorest countries on the black continent and the world as a whole. In terms of GDP per capita based on PPP, the CAR ranks third from the bottom of the ranking with $1,040 (World Bank data for 2020). Worse only Somalia and Burundi.

Earlier, the authorities approved bitcoin as a means of payment along with the local franc.

From January 2021 to March 2022, consumers lost more than $1 billion in digital asset scams. This is stated in the report of the US Federal Trade Commission (FTC).

The agency cited 46,000 people who reported the hoax. According to a press release, victims of fictitious investment schemes have lost more than others - $ 575 million since January last year.

In second place are scams related to dating and romantic relationships. On the third - fake representatives of companies or the government.

“Nearly half of the consumers who reported cryptocurrency fraud said it started with an ad, post, or social media post,” the FTC said.

According to the agency, people aged 20 to 49 were three times more likely to complain about digital asset scams than older citizens.

“[…] Cryptocurrency is rapidly becoming the preferred option for many attackers, with roughly one in four dollars lost through fraud being paid out in crypto,” ... Read more »

At the end of May, Bitcoin and Ethereum fell by 15.6% and 28.8%, respectively, and the total value of assets in the DeFi segment fell by 43%. This is stated in the ForkLog report.

The collapse of the Terra ecosystem provoked a protracted market correction. On May 12, the first cryptocurrency hit $26,700, the lowest since December 2020.

The price of Ethereum tested the $3000 level, but failed to gain a foothold above it. On May 27, the cryptocurrency reached a local low near $1,700. The last time the asset was at this level was in July 2021.

BTC/USDT daily chart on Binance exchange. Data: Trading View.

Daily chart of ETH/USDT on the Binance exchange. Data: Trading View.
Locked funds (TVL) in dapp smart contracts fell by 43% to $117.48 billion.

Dynamics of the cost of funds involved in the DeFi sector. Data: DeFi Llama.
The second-ranked ecosystem in TVL, Terra, lost out to BNB Chain ($9.13 billion as of June 1) - its o ... Read more »

The New York State Senate approved a two-year moratorium on mining cryptocurrencies using electricity generated from carbon sources. CoinDesk writes about it.

We are talking about a bill that provides for the freezing of current levels of carbon emissions from mining. Earlier, the document was adopted by the lower house of the Legislative Assembly of the state.

Operating companies or those in the process of obtaining permission to mine digital assets will be able to continue to operate. Over the course of a two-year period, the authorities plan to study the potential environmental impact of Proof-of-Work mining.

Democratic Senator Kevin Parker noted that there is currently only one business in the state that is not affected by the restrictions. According to him, the authorities are also considering an application, but a decision on it may be postponed until the end of the study.

The document will come into force after being signed by the state governo ... Read more »