The scheduled date for Ethereum's transition from PoW to PoS is August or September. It is said that this transition may even start a new bull season in the crypto money market. However, constant delays rumors accelerated significant declines in crypto assets. However, the merge test, which has been announced as June 8, will be the first concrete information that people will be able to obtain about the ETH test that will take place.
UK's Crypto Asset Plan!
In the UK, tests will be conducted for the use of blockchain technology in traditional financial operations. (It will be used to exchange shares and bonds.) According to government officials, while the digital pound studies are already underway, these developments have led to rumors that the UK is working and planning to become a crypto money center in the future.
Positive Development from PayPal to the Crypto Market
Although crypto could be traded for a while through PayPal, one of the leading companies in payment technologies, the purchased assets could not be moved to another address. According to the statement, PayPal now allow the crypto coins owned to be moved to other addresses.
Crypto-Friendly Senator's Bill
Cynthia Lummis, the cryptocurrency-friendly senator of the United States State of Wyoming, has presented the bill on crypto assets. The draft law will introduce crypto assets into the financial order. The bill includes proposals on stablecoins and mining. In addition, the bill includes studies on the expenditure and taxation of crypto assets.
An Important Partnership Move from Ripple: Agreed with Lunu!
Ripple is starting a collaboration with Lunu, a crypto asset operator and payment provider. The main purpose of the partnership is to make it easier for top retailers in Germany to receive payments in cryptocurrency. This partnership will also facilitate the transition and use of cryptocurrency by most top retailers in Europe.
Terra Precaution from Tron
USDD, which was launched as Tron's stablecoin, has increased measures to prevent a crisis similar to the UST crisis experienced by Terra. When Tron founder Justin Sun made the announcement on his Twitter account, it was announced that USDD contained a large amount of BTC, USDT and TRX in order to be more comfortable to use and reassure USDD in the future.
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