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BAN

Banano  

#BAN

BAN Price:
$0.00511
Volume:
$25.0 K
All Time High:
$0.06
Market Cap:
$7.1 M


Circulating Supply:
1,384,747,096
Exchanges:
2+
Total Supply:
3,090,431,352
Markets:
3+
Max Supply:
Pairs:
12



  BAN PRICE


The price of #BAN today is $0.00511 USD.

The lowest BAN price for this period was $0, the highest was $0.00511, and the current live price for one BAN coin is $0.00510581.

The all-time high BAN coin price was $0.06.

Use our custom price calculator to see the hypothetical price of BAN with market cap of ETH or other crypto coins.


  BAN OVERVIEW


The code for Banano crypto currency is #BAN.

Banano is 3.9 years old.


  BAN MARKET CAP


The current market capitalization for Banano is $7,070,249.

Banano is ranked #598 out of all coins, by market cap (and other factors).


  BAN VOLUME


There is a modest daily trading volume on #BAN.

Today's 24-hour trading volume across all exchanges for Banano is $25,000.


  BAN SUPPLY


The circulating supply of BAN is 1,384,747,096 coins, which is 45% of the total coin supply.


  BAN BLOCKCHAIN


BAN is a token on the Polygon PoS blockchain, and has digital contracts with 2 other blockchains.

See list of the BAN Blockchain contracts with 3 different blockchains.


  BAN EXCHANGES


BAN is available on several crypto currency exchanges.

View #BAN trading pairs and crypto exchanges that currently support #BAN purchase.


  BAN RESOURCES


Websitebanano.cc
Twitterbananocoin
Redditr/banano
Telegrambanano_official
Instagraminstagram.com/bananocurrency


  BAN DEVELOPER NEWS



Booster 2 Winners Announcement!

The last couple weeks have soared by & Booster 2 has come to an end! This year there was fierce competition in both categories, with 20 New and 12 Existing projects submitted. Our panel of judges have deliberated over the submissions and would like to say THANK YOU to all the participants as well as congratulate the highest scored projects, found below. — New Projects - New Projects are efforts that were previously not available or released to the rest of the Banano ecosystem. — #1. Banano NFTs Protocol & Wallet Designs. — A collection of guides, libraries & protocol for issuing and viewing Banano NFTs. There have been major improvements to the libraries used to view & mint NFTs, as well as a new minting guide & NFT wallet designs for Banano Honey. — #2. Banano Casino. — Banano Casino is a highly-polished gambling site that supports three different game types — Roulette, Crash, and Dice. — #3. Banano MINT. — Banano MINT is sleek UI used to view, mint & send NFTs. The minting of NFTs currently requires a manual approval. — #4. Pelion Vault. — Pelion Vault is a desktop wallet used to generate, store, and recover private keys for Banano wallets. It is currently in an Open Beta. — #5. Banano Icecream. — Banano Icecream is an attractive NFT metadata block explorer. — #6. Moonano. — Moonano is a Banano explorer that has some unique features such as weekly RocksDB ledger snapshots and a list of faucets. — #7. Ban-Ad. — Ban-Ad is an advertising platform for websites which allows any website to sell ad-space in exchange for Banano. — Existing Projects - Existing projects are efforts that were previously released but are actively being maintained and improved. — #1. JungleTV. — JungleTV has been continuously improving since its release last year, leading to record-breaking enqueue times & constant events within the jungle. It has become a staple of the Banano community. — #2. Go Ban Me. — Go Ban Me is a a browser plugin that enables users to tip website owners Banano. — #3. Banano NFT Client. — Banano NFT Client is a UI that allows viewing and now minting of Banano NFTs. — #4. BanRX. — Using BanRX, you can mine Monero & get paid in Banano. — #5. BanStack. — BanStack is a new addition to a collection of gamified Banano faucets. — #6. Nanners.cc. — Nanners.cc is a site where you can see Folding@Home stats and payment history. — #7. Banano HUB. — Banano HUB is a directory for Banano related tools & projects. — What the Fork is Banano? - Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Banano has feeless and near-instant transactions, free & fair distribution, a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk Booster 2 Winners Announcement! was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




Kalium APIs & Backend Rebuilt From the Ground Up

Today we are announcing the third generation of the Kalium APIs and Backend. The new backend has already replaced the old one and existing users should notice no difference or interruption in service. If you do experience new problems, file a detailed bug report, so we can address it right away.The 3rd Generation Kalium Backend Uses GO — 4 Years of Kalium - Kalium turned 4 years old last month 🥳! It has evolved significantly since its inception on its journey to become the beloved, potassium-rich storage for BANANO that it is today. The APIs & Backend specifically have experienced 3 different variations and generations, including the one that has launched today. Here’s a brief summary of the history of the (backside) of the Kalium app. — First generation, nano wallet company, python+tornado. — The first generation backend was a fork of the nano wallet company server. Which is a very simple service based on the Python Tornado Framework. The server quickly became difficult to maintain as we added new features and expanded functionality. Tornado’s coroutine implementation predates the python native implementation by several years, this resulted in more difficulty during development and a lack of compatibility with third-party libraries. In addition, the server was just generally inefficient and slow. — The second generation, python+aiohttp. — After less than a year, it was decided to rewrite the server using aiohttp. This is a much more modern python framework that utilizes the native Python coroutines using the asyncio package. It served our users very well, although it has some occasional hiccups. The primary problem is that Kalium has become incredibly popular over the last few years as more and more monkeys adopt Banano. The app always has active connections and requests all day, every day. — The third generation, GOLang. — The new APIs/backend is written in GOLang. A language that is perfectly tailored to the use case that Kalium has, that is highly concurrent and highly performant web services. Aside from a different language, the new server is more robust, it utilizes PostgreSQL for storing some user data such as tokens for push notifications — which solves a major pain point of the old server using Redis to store this data. The Redis data store quickly grew to unmanageable sizes with the number of users we have. In general, all of the engineering choices behind the new backend also lead to easier extensibility and enhancements in the future. In summary, the new backend is: Faster, much faster, Better tested with a better structure, Cheaper and more efficient, using fewer system resources by several orders of magnitude, Available on GitHub, open source and MIT licensed. — Kalium v2.4 - The new backend is a transparent upgrade for users, there is an upcoming v2.4 release of the Kalium app that will be arriving soon, the primary change is the migration to Flutter v3 as well as some material design 3 changes for Android. — What the Fork is Banano? - Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Banano has feeless and near-instant transactions, free & fair distribution, a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk Kalium APIs & Backend Rebuilt From the Ground Up was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




BANANO Monthly Update #52 (August 2022)

Here’s a fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoing distribution activities and community growth. This BANANO Monthly Update August 2022 summarizes all important happenings in the BANANO ecosphere in July 2022, which was the 52nd month since the BANANO main-net launch. — BANANO Ecosphere News from July 2022 (newest first). — 2022–07–27 A Letter from XGo to the Banano Community 2022–07–26 Community Event Announcement: Monkey Web Coding Challenge #2 2022–07–25 Official Banano Reddit Giveaway 2022–07–25 BANANO is being listed on XGo Exchange 2022–07–25 Community Event Announcement: Torchic Stories: Potassium Adventures 2022–07–25 3rd party announcement: Buy Banano with EUR, USD, GBP at Nanswap.com 2022–07–24 Booster 2 — Banano Hackathon Competition Announcement 2022–07–24 Banano Community Call #19 2022–07–21 Community Event Announcement: Dungeons & Banano: Fantasy AI Art Contest 2022–07–15 Dungeons & Banano Website Launch Announcement 2022–07–14 Community Development Project: Banano Public API 2022–07–15 Community Event Announcement: Buffed Artwork Swole Torchic Contest 2022–07–12 Wrapped Banano (wBAN) Update: Gasless Wraps/Swaps & Translations 2022–07–12 Community Event Announcement: Monkey Web Coding Challenge 2022–07–12 Jungle TV Twitter Giveaway 2022–07–11 BAN FAM Community Call #18 Recap 2022–07–09 Community Project: llajungla.info — A website for Spanish-speaking monkeys 2022–07–05 BANANO Monthly Update #51 (July 2022) 2022–07–04 JungleTV Tunesday Event: Piano & Keyboards 2022–07–03 JungleTV x cryptomonKeys NFT Collaboration Announcement 2022–07–01 Dungeons & Banano Live Stream Session Announcement All-time BANANO News list at news.banano.how — What the Fork is BANANO?. — For those of you who don’t know BANANO yet: BANANO is a cryptocurrency (like Bitcoin or Ethereum, just a much newer generation). BANANO was forked from the cryptocurrency Nano in April 2018 and thus is powered by DAG technology — here to disrupt the meme economy. BANANO has memes, and also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use. Just try our slick mobile wallet called Kalium and get your first free $BANANO from one of our faucets within minutes! Also, BANANO has a free ongoing distribution through innovative faucet games. You can find more details on our official website: banano.cc, and you’ll find help getting started at banano.how. BANANO is already traded on several exchanges. You’ll find current information collated at Coingecko (and Coinmarketcap) and an overview about all current exchanges at exchange.banano.how. — BANANO Supply. — Updated data from August 1st, 2022: Circulating Supply: 1,377,658,144 (71.8%) Team Banano Funds (allocated for ongoing free distribution): 541,216,159 Burned Total: 1,483,932,671 Total Supply: 1,918,874,303 (=max supply) You can always check the current BANANO supply here on YellowSpyGlass. — BANANO Faucet and Distribution Overview. — Aside lots of events and intermittent faucet runs as listed above, we also have several faucets running. A short overview of those faucets can be found below. MonkeyTalks An instant & self-sustaining faucet, combined with on-chain messaging BananoMiner Earn BANANO by contributing CPU/GPU power to medical research via Folding@Home Banano BoomPow Provide proof-of-work for Nano and Banano services and receive a share of a daily BANANO prize pool BananoJobs Complete bounties or microtasks called ‘BananoJobs’ — get paid in BANANO JungleTV A video sharing platform where you can earn & spend BANANO! monKeyslots A slots-themed BANANO faucet requiring cryptomonKeys NFTs to claim. More ways to get free BANANO and other non official faucets can be found at banano.how New faucets and modifications of current ones will follow over time, and adjustments might always be made to ensure that BANANO’s free distribution stays fair, and also doesn’t make our community members too dependent on BANANO earnings. BANANO is distributed through faucet payouts (Bananominer, Powerplant, Monkeytalks, BoomPow), BananoJobs, tipping allowances and celery (rewards) to core team members and contributors, plus we have regular events and contests organized by the core team or the community. BANANO Tipbots as we use them at Discord and Reddit are instrumental for showing newly joining members how easy-to-use and fast BANANO truly is, and to actually have everyone use BANANO for what it’s made for — tipping others! — BANANO Social Media Recap. — Community activity on all platforms is key for BANANO growth and ripening in context of free and fair distribution! To keep track of this, here’s the monthly overview about our main social media/news channels with follower counts as of August 1st, 2022 compared to counts from January 2020: Main social media accounts: Discord: 39633 (Jan 2020: 9444) Twitter: 33019 (Jan 2020: 6634) Reddit: 60494 (Jan 2020: 3632) Telegram (main group): 10583 (Jan 2020: 6499) Telegram (news channel): 2817 (Jan 2020: 2009) Facebook: 3000 (Jan 2020: 2092) Instagram: 2897 (Jan 2020: 1396) Youtube: 3170 (Jan 2020: 433) LBRY/Odysee: 3842 (Jan 2020: 145) Tiktok: 311 (Aug 2020: 131) BBS: 209 (January 2022: 154) Blogs: Publish0x: 6677 (Jan 2020: 672) Medium: 889 (Jan 2020: 409) Tracking websites: Coingecko: 8928 (Jan 2020: 492) Coinmarketcap: 13461 (Mar 2021: 2583) Even more: Steemit | Hive | QQ | Wechat (QR) | Weibo (QR) | Minds BananoJobs: 5153 (Jan 2020: 845) BananoMarket: 2045 (June 2020: 161) cryptomonKeys Discord: 10850 (Oct 2020: 650) Twitter: 29196 (Oct 2020: 831) — BANANO at Telegram. — Telegram is easy to use and overall pretty popular, and thus the perfect place to easily help new community members getting started with BANANO, in their language. That’s why we are working on having channels in all major languages. Here’s an overview of all official BANANO Telegram Groups: Telegram news channel | English Spanish | Indonesian | Vietnamese | Turkish Portuguese | Russian |Filipino | Italian Romanian | Chinese | Polish | India French | German | Greek | Croatian Korean | Japanese | Arabic | Dutch Hungarian | Latvian | Hebrew | Persian Bangla Generally, make sure you join suitable groups, help others, and spread the word about BANANO! — BANANO at Facebook. — BANANO also has local groups at Facebook, here’s an overview of our current groups: Facebook page English | Spanish | Vietnamese | Portuguese | Indonesian | German Those are currently not very active, if you’d like to get engaged as a mod there or elsewhere please contact us. — BANANO Outlook. — As you can see, the core team and all the BANANO community supporters are constantly working on different new projects adding up to the BANANO ecosphere. There are always new developments, events, giveaways and other happenings such as innovative airdrops, new faucets and faucetgames, and we are still working on creating a new version of a play2earn Banano Runner (yeah we’re saying this since forever, but it will come eventually, no worries). Good things simply take time. We will keep you updated. We’re all here for the long-term in shaping this unique crypto experiment called BANANO ❤ Stay tuned, and if you have an idea and/or ability to contribute to the BANANO ecosphere whatsoever feel free to contact us! — How can YOU help?. — BANANO is merely what its community makes out of it ❤ If you want to help spreading the word and increasing our community, join our channels and suitable groups, follow our accounts, like and share/retweet our posts, and help others getting started! At this occasion: A huge hug and thank you to all our supporters, contributors, moderators, giveaway creators, BANANO tippers, and meme creators at all the different $BANANO social media channels for doing a really, really awesome job ❤ Keep it up! Interested in helping out as moderator at Telegram or Facebook? Any idea to develop or contribute to the BANANO ecosphere otherwise? Contact @bantano#1919 at our Discord, or leave a comment below for questions or suggestions. — Previous BANANO Monthly Updates:. — July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019 — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk BANANO Monthly Update #52 (August 2022) was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcing BoomPoW v2 — The Next Generation of BANANO’s Distributed Proof of Work System

Announcing BoomPoW v2 — The Next Generation of BANANO’s Distributed Proof of Work System - Today we’re announcing BoomPoW v2, a complete rewrite, and redesign of the original BoomPoW protocol. As we work to phase out the original BoomPoW, services and users will need to migrate to the new system as soon as possible. Many services will be affected by the transition, read on for more infoBoomPoW v2 is Live Now — What is BoomPoW? - BoomPoW is a distributed proof of work system that provides PoW to numerous services on the BANANO and Nano networks. PoW is essentially a solution to a mathematical problem that requires a certain level of computational power, this is required for every single transaction on BANANO and Nano. You can learn more about what BoomPoW is in the original announcement from 2019. — Why BoomPoW v2? - The original BoomPoW system was based on DPoW and while it served the community for many years, it often suffered periods of unavailability and downtime. It also taxes our infrastructure by being memory heavy, slow, and requiring an additional MQTT broker. In addition to the performance and resource problems, it’s also just complicated to setup. Setting up a client requires specific python versions, a separate nano-work-server, and the majority of discussion in the #boom-pow channel on the BANANO discord revolves around just trying to get the thing to work., Setting up a server is similarly extraordinarily complicated as it requires numerous dependencies and configurations. This deters most open source contributions and forks., — Implications of BoomPoW v2 - BoomPoW has been the backbone for a large majority of transactions on BANANO and Nano, especially since Nano’s original DPoW system has permanently gone offline. Services using BoomPoW must migrate to BoomPoW v2 as soon as possible to avoid disruption — Phasing Out BoomPoW v1 - The phase-out of the original BoomPoW system will happen over a period of 21 days, users of the original system may notice diminished performance immediately as contributors go offline. The phase-out will happen in stages: — Beginning Today. — BoomPoW v2 goes live with a prize pool of 15,000 BAN per day, providers will receive a percentage of this pool every day based on the number of works contributed and the difficulty of the works contributed (higher difficulty = higher reward)., BoomPoW v1 prize pool will be cut in half to 5,000 BAN per day, Pippin 2.0.0 is available which adds support for BoomPoW v2 and removes support for the legacy BoomPoW, — In approximately 7 Days. — BoomPoW v1 prize pool will be cut in half to 2,500 BAN per day, In approximately 14 Days BoomPoW v1 prize pool will be cut in half to 1,250 BAN per day, In approximately 21 Days BoomPoW v1 will be completely shut down, — Getting Started with BoomPoW v2 - BoomPoW v2 is launching without a website, eventually, we will have a new website at bpow.banano.cc which will streamline the process to register for an account and perform the registration operations. The first thing to do is download the latest BoomPoW release for your platform, Extract it to a location of your choosing, — Providers (Get Paid for Contributing PoW). — If you are using windows, consider installing the Windows Terminal for a better experience. The new provider experience requires creating an account and verifying your email address. The client will use GPU (OpenCL) for PoW generation if a GPU is detected, otherwise, it will use your CPU. On Windows, Open register-provider.bat and follow the prompts. Once complete, you should receive an email in which you will need to click the link to verify your email address. Once done, you can simply run boompow-client.exe to login and start contributing work. On Linux or MacOS, Download the BoomPoW client, and extract it to a location of your choosing. Then open Terminal and navigate to where you extracted the client> cd ~/boompow-client # Wherever you downloaded boompow > ./boompow-client -register-provider # Follow the prompts > ./boompow-client # Once you have confirmed your email, this is it to start contributing You can reference the README for more information about the client. — Services/Requesters (Request PoW from BoomPoW). — The new service experience is intended to be more streamlined. You’ll register for an account, You will be manually reviewed and receive a follow-up email once you are approved to request work., On Windows, Open register-service.bat and follow the prompts. Once complete, you should receive an email in which you will need to click the link. When you are approved to use BoomPoW, you can open get-service-token.bat and follow the prompts to get an access key. This access key is then used to request work. On Linux or MacOS, Download the BoomPoW client, and extract it to a location of your choosing. Then open Terminal and navigate to where you extracted the client> cd ~/boompow-client # Wherever you downloaded boompow > ./boompow-client -register-service # Follow the prompts > ./boompow-client -generate-service-token # Once you are approved, this will give you your token — Support. — Eventually, this will be streamlined on a website (coming soon TM). In the meantime, if you need assistance getting setup please visit the BANANO Discord. The BoomPoW client has some options such as benchmarking to test your setup, use ./boompow-client -help for a list of all of the options. — The Nitty Gritty of BoomPoW v2 - BoomPoW v2 is written in GOLang. and released under the MIT License. The source code is available on GitHub. If you’re interested in the nerdy technical details of the new BoomPoW system and protocol, read on.Rough Overview of How the System Works — Server. — A big change to the system is that authentication is required for providers of work. The websocket service that clients connect to requires authorization. Currently , there are no restrictions on signing up to contribute, you just need to have a valid email address. The server provides two things: 1.) GraphQL API The GraphQL API is how the public interacts with BoomPoW. It provides various queries and mutations, including workGenerate, createUser, loginUser. It also provides a stats subscription that will periodically update stats regarding BoomPoW. workGenerate requires a special authorization with a service token, that can be created after a service has been approved to use BoomPoW. When a workGenerate request is made, the server: Ensures the request is valid, Checks cache to see if work has already been generated that meets the specified difficulty, if so return from the cache., Generates a unique request_id, Forwards the request to every connected client/worker, Waits for responses from clients that include the same request_id, If the work is invalid, it adds a flag to penalize the client that provided it, If the work is valid, it issues work_cancel to every connected client. And sends the result over a channel to the GraphQL resolver to provide the result to the original requester., 2.) Websocket API A proprietary websocket API is how clients/providers interact with the BoomPoW system. There is constant bidirectional communication between the server and clients regarding work. Messages sent from server -> client include: work_generate — the actual work request that triggers clients to begin computing the PoW, work_cancel — Cancels pending work requests that have already been completed by another client, block_awarded — When a client “wins” a block, they receive this message which gives information about their current stake of the daily prize pool., The client’s primary message to the server is a ClientWorkResponse which includes the result of the computation, hash, and ID of the request. — Client. — The BoomPoW client is dramatically different from the legacy BoomPoW. Like the server, it is also written in GOLang. It utilizes the module nanopow for actual work generation. If the client is compiled with OpenCL, it will use the GPU for work requests if available, otherwise, it will use the CPU. (Multi-GPU setups are currently not supported). But be aware that not every Being written in GO allows for a much easier experience for providers. They simply need to run a pre-compiled binary on their machine and that’s it. No Python, no nano-work-server, and no other dependencies. The most interesting thing about the new client is the way it handles saturation. When a work_generate request is received from the server: Add the request to a queue, We then write to a buffered channel of configurable size, configured by -thread-count, When this channel is read, it randomly retrieves a request from the queue and begins computation, When finished, the result is sent to the server, The RandomAccessQueue data structure is intended to minimize the chance clients are working on the same unit of work at the same time. — What the Fork is Banano? - Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Banano has feeless and near-instant transactions, free & fair distribution, a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk Announcing BoomPoW v2 — The Next Generation of BANANO’s Distributed Proof of Work System was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




BANANO is being listed on its first regulated exchange: XGo!

Banano is being listed on its first regulated exchange: XGo! - We are incredibly excited to announce that Banano is being listed on our first regulated exchange, with monKeys having increased trading pair options, Banano to fiat on/off ramps, staking and lots more! — Use the Banano referral link and get rewarded! - XGo is a new crypto exchange in its launch phase, which means they need your help to test the platform. We will be rewarding the first 2000 beta testers with 3000 BAN each (you need to sign up using our referral link, complete KYC and perform at least $10 of trading volume). We will also be doing multiple celebratory giveaways and other fun distribution events across our many channels! Banano x XGo Referral Link: banano.cc Currently, trading on XGo is available in most European, African, Asian, and Latin American countries. More new features, such as superfluid staking and direct Banano to fiat on/off ramps will soon be available. XGo will champion Banano as a go-to entry and educational cryptocurrency for traditional fiat users: highlighting our currency and community, as well as sharing our ecosystem across their platform and network of partners. We look forward to seeing how this long-term partnership blossoms over time, with our similar philosophies and complementary ecosystems. We are committed to working together to achieve a better onboarding experience for everyone with even greater possibilities to come! For feedback and support please contact at: support@xgo.com — What the Fork is Banano?. — Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Banano has feeless and near-instant transactions, free & fair distribution, a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk BANANO is being listed on its first regulated exchange: XGo! was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




Ready for Round 2? BOOSTER 2- Banano Hackathon Competition!

Booster is Back! - Everyone’s favorite banana-themed coding competition has returned for its second debut. Announcing Booster2: On Time Edition, a 6 week hackathon for developers to create or maintain projects in the BANANO ecosystem. Do you have an idea for a project you’ve been wanting to start? Do you maintain an existing project? Do you want to collaborate with other developers who love BANANO? This is the competition for you! — Project Categories - There will be 2 categories for submissions: — 1. New Projects (50% of the prize pool). — Anything coding-related that hasn’t been released to the public yet. We’ve included a couple project ideas below but look forward to seeing what you come up with! A Bounty Board where tasks can be completed in exchange for BANANO, A Wallet that allows people to view, send, and receive BANANO NFTs, Ported open source projects (forked from NANO), For some inspiration, last year’s Booster winners can be found here. — 2. Existing Projects (50% of the prize pool). — If want to expand your existing project or if you want to collaborate with another project owner. BANANO has an expansive open-source community with many projects that welcome contributors! If you want to work on an existing project that you do not own, be sure to contact the repository owner before starting any work. To get in contact with other developers, check out the #🚀booster channel on discord. — Prize Pool - The prize pool will consist of 500K BANANO! Winners from each category (new project or existing) will receive the following amounts: 1st place: 60K BAN (12% of prize pool) 2nd place: 50K BAN (10%) 3rd place: 40K BAN (8%) 4th — 7th place: 25K BAN (5%) Bonus prizes may be awarded to exceptional entries. — Timeline - To prevent turning Booster2 into a Boo-hoo-ster, the event organizers will be committed to following this timeline: — Week 1 (Starting July 24th). — Booster2 is announced! Individuals or teams can select a category (new project or existing) & register here. — Week 4. — Project submissions are opened for individuals or teams. This is where you can go into detail about what your project is, how to test it, where to view it, etc. This is your chance to WOW the judges! More details will be announced later along with a submission form. — Week 6. — Development time ends on September 4th. Last chance to submit your projects for judging! Projects will be evaluated by our esteemed panel of judges and winners announced soon afterwards. — Competition Rules - Any project fitting in one of the above categories, NANO or BANANO related, can participate., Project registration is encouraged, but not required., Project submission is required for projects to be judged. A submission form will be announced half-way through the competition, which will consist of a project title, description for what it’s about, and for internal purposes also a ban_ payment account and contact information for the project leader. More details will be provided later., Project submissions will be scrutinized to verify that you own the codebase you’re submitting. Fraudulent and low effort submissions may be disqualified., No doxxing will be required. Only anonymous ownership verification is necessary for project leaders. Personal details are not being logged anywhere in the process. If you don’t want to use google forms, you can hand in your registration as an email or DM instead., If you are collaborating on an existing project you do not own, unmerged/unpublished changes may result in a lower score., Some rights reserved. Rules may be adjusted if there’s an unexpected loophole. Services are provided with no warranty., — Where can I sign up? - Want to get started? Register here! Banano’s Discord server: chat.banano.cc For general discussion, check out the our discord #🚀booster channel For questions, contact Ptera (heisty#1771 on discord) or at dev.ptera@gmail.com — What the Fork is Banano? - Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Banano has feeless and near-instant transactions, free & fair distribution, a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website | Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | Instagram | Facebook | TikTok | Medium | Publish0x | Github | BitcoinTalk Ready for Round 2? BOOSTER 2- Banano Hackathon Competition! was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




Wrapped Banano (wBAN) Update: Gasless Wraps/Swaps & Translations

📰 What’s New for wBAN - Gasless onboarding is live on the Polygon network., wBAN dAPP translations are live., — ⛽ Lacking gas to begin your wBAN journey? - Monkeys have been struggling to get their hands on a bit of BNB/MATIC/FTM in order to begin wrapping their BAN. The hassle is now almost over!Running out of MATIC to wrap some BAN — Gasless Wraps: - As of today, no MATIC is needed to start your wBAN journey! When wrapping for the very first time, you will be offered a gasless wrap. To be eligible, the account must have never wrapped before (as seen in the history page). This feature is only available on the Polygon network and will be extended to other networks in the future.Gasless Wrap How do gasless wraps work? After signing a wrap message, you will no longer need to sign a transaction to claim the wBAN. Instead, the transaction is sent via another wallet that pays the transaction fee. The gas costs are sponsored by BANANO. — Gasless Swaps: - What’s the point of gasless wraps when MATIC is needed for any transactions, you might ask? Well, we’ve got you covered! On top of a one-time gasless wrap, you will also be a offered a one-time gasless swap under some conditions: only swap from wBAN to MATIC,, for at minimum 42 wBAN,, offered only one-time., Why 42 BAN? Simply to get enough MATIC to cover a few dozen transactions. We feel the amount is low enough to allow an affordable onboarding for most monkeys.Gasless Swap How do gasless swaps work? You will only need to sign an approval message (and not a transaction which would require to spend some MATIC) allowing our smart-contract to relay to your swap request. Have a look at our previous article where we discussed approve vs permit.These gasless features will be slowly rolled out to Fantom then lastly to the BNB chain. We will monitor the Polygon usage for a while and if monkeys were to abuse this funding, we may halt it. — 🌐 wBAN dApp/frontend translated! - The wBAN dApp now automatically detects your browser locale to automatically serve wBAN content in your language if available. If you’d like to keep the English version or choose another language, you can do so via the Settings menu (⚙️). The dApp will remember the language you picked. Thanks to the many monkeys who worked hard on the translations: Dutch: ATH & Ricardo0139, French: Wrap That Potassium, German: Darth Nitro, Indonesian: Udin, Portuguese, Brazilian: Eroshi & Darth Kermit, Russian: Ispan, Spanish: WhiteFlag, Turkish: turKer, Ukrainian: Ispan, Vietnamese: Very cute cat, wBAN dApp in Ukrainian Let us know if you find some typos with the translations. — Credits. — This article has been written by Wrap That Potassium with the help of Kron (Kron#0582 on Discord), iazid and Yekta. — What is wBAN?. — wBAN is short for Wrapped Banano. The main idea is that you wrap your Banano as wBAN tokens, and unwrap wBAN tokens back to Banano crypto. This allows you to use a representation of Banano on other networks! wBAN is currently available on the Binance Smart Chain, Polygon and Fantom. See wBAN FAQ for more details. wBAN was created to connect Banano to the wider smart-contracts / DeFi ecosystem. We love seeing monkeys learning and participating in DeFi, and we welcome new users coming on board Banano! — What the Fork is Banano?. — Banano is a cryptocurrency powered by DAG technology disrupting the meme economy. Yes, Banano has memes! Also feeless and near-instant transactions, free & fair distribution and a highly active community, and active technical development! medium.com — Join the Banano Republic!. — Official Website: banano.cc Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | BBS Medium | Publish0x | Github | BitcoinTalk | Instagram | Facebook | TikTok Wrapped Banano (wBAN) Update: Gasless Wraps/Swaps & Translations was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




BANANO Monthly Update #51 (July 2022)

Here’s a fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoing distribution activities and community growth. This BANANO Monthly Update July 2022 summarizes all important happenings in the BANANO ecosphere in June 2022, which was the 51st month since the BANANO main-net launch. — BANANO Ecosphere News from June 2022 (newest first). — 2022–06–31 monKeybusiness announcement — cryptomonKeys Community Call 2022–06–28 Community Event Announcement: Almight Emoji Contest 2022–06–26 Community Event: Swole Torchic Month Announcement 2022–06–25 monKeyTV Episode 20: Using the Card-A-Mon Bot 2022–06–24 Website update: Banano has now its own blog on banano.cc 2022–06–23 wBAN (Wrapped Banano) farm update 2022–06–22 Community event: Freerice 6.9 — GayRice! 2022–06–19 Community event: Jungle Rave 2022: Come Taste the Rainbow 2022–06–18 Official Reddit Giveaway at r/banano 2022–06–16 Banano Sundays Community Call Recording #16 2022–06–14 Hemoglo-Ban Event Recap and NFT giveaway 2022–06–14 Community-created faucet: Pride Month — Pronoun Faucet 2022–06–13 Community event: Colors of Pride: Banano Coloring Contest 2022–06–13 Banano Paperwallet Generator is back 2022–06–13 JungleTV 1st Year Celebration Announcement 2022–06–07 BANANO Monthly Update #50 (June 2022) 2022–06–06 cryptomonKeys Generation 5 Design Contest Announcement 2022–06–06 BANANO Monthly Update #49 (May 2022) 2022–06–05 Community Event: Banano Banpionship of Chess 2022–06–05 Community Project: BananoCraft Update: Test Server online! 2022–06–04 New Dungeons & Banano Video: When a Deal Goes Bad… 2022–06–04 wBan — 1 Year Anniversary 2022–06–04 JungleTV Update: Nifty NFT Raffle June 3–5 2022–06–03 Community Project: BananoCraft Bananominer Alpha Test Announcement 2022–06–01 New Community Project: Banano Hub All-time BANANO News list at news.banano.how — What the Fork is BANANO?. — For those of you who don’t know BANANO yet: BANANO is a cryptocurrency (like Bitcoin or Ethereum, just a much newer generation). BANANO was forked from the cryptocurrency Nano in April 2018 and thus is powered by DAG technology — here to disrupt the meme economy. BANANO has memes, and also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use. Just try our slick mobile wallet called Kalium and get your first free $BANANO from one of our faucets within minutes! Also, BANANO has a free ongoing distribution through innovative faucet games. You can find more details on our official website: banano.cc, and you’ll find help getting started at banano.how. BANANO is already traded on several exchanges. You’ll find current information collated at Coingecko (and Coinmarketcap) and an overview about all current exchanges at exchange.banano.how. — BANANO Supply. — Updated data from July 1st, 2022: Circulating Supply: 1,363,941,886 (71.1%) Team Banano Funds (allocated for ongoing free distribution): 554,932,819 Burned Total: 1,483,932,269 Total Supply: 1,918,874,705 (=max supply) You can always check the current BANANO supply here on YellowSpyGlass. — BANANO Faucet and Distribution Overview. — Aside lots of events and intermittent faucet runs as listed above, we also have several faucets running. A short overview of those faucets can be found below. MonkeyTalks An instant & self-sustaining faucet, combined with on-chain messaging BananoMiner Earn BANANO by contributing CPU/GPU power to medical research via Folding@Home Banano BoomPow Provide proof-of-work for Nano and Banano services and receive a share of a daily BANANO prize pool BananoJobs Complete bounties or microtasks called ‘BananoJobs’ — get paid in BANANO JungleTV A video sharing platform where you can earn & spend BANANO! monKeyslots A slots-themed BANANO faucet requiring cryptomonKeys NFTs to claim. More ways to get free BANANO and other non official faucets can be found at banano.how New faucets and modifications of current ones will follow over time, and adjustments might always be made to ensure that BANANO’s free distribution stays fair, and also doesn’t make our community members too dependent on BANANO earnings. BANANO is distributed through faucet payouts (Bananominer, Powerplant, Monkeytalks, BoomPow), BananoJobs, tipping allowances and celery (rewards) to core team members and contributors, plus we have regular events and contests organized by the core team or the community. BANANO Tipbots as we use them at Discord and Reddit are instrumental for showing newly joining members how easy-to-use and fast BANANO truly is, and to actually have everyone use BANANO for what it’s made for — tipping others! — BANANO Social Media Recap. — Community activity on all platforms is key for BANANO growth and ripening in context of free and fair distribution! To keep track of this, here’s the monthly overview about our main social media/news channels with follower counts as of July 1st, 2022 compared to counts from January 2020: Main social media accounts: Discord: 39971 (Jan 2020: 9444) Twitter: 33082 (Jan 2020: 6634) Reddit: 60309 (Jan 2020: 3632) Telegram (main group): 11368 (Jan 2020: 6499) Telegram (news channel): 2951 (Jan 2020: 2009) Facebook: 3000 (Jan 2020: 2092) Instagram: 2923 (Jan 2020: 1396) Youtube: 3180 (Jan 2020: 433) LBRY/Odysee: 3845 (Jan 2020: 145) Tiktok: 304 (Aug 2020: 131) BBS: 212 (January 2022: 154) Blogs: Publish0x: 6644 (Jan 2020: 672) Medium: 877 (Jan 2020: 409) Tracking websites: Coingecko: 8804 (Jan 2020: 492) Coinmarketcap: 13267 (Mar 2021: 2583) Even more: Steemit | Hive | QQ | Wechat (QR) | Weibo (QR) | Minds BananoJobs: 5122 (Jan 2020: 845) BananoMarket: 2015 (June 2020: 161) cryptomonKeys Discord: 10977 (Oct 2020: 650) Twitter: 28895 (Oct 2020: 831) — BANANO at Telegram. — Telegram is easy to use and overall pretty popular, and thus the perfect place to easily help new community members getting started with BANANO, in their language. That’s why we are working on having channels in all major languages. Here’s an overview of all official BANANO Telegram Groups: Telegram news channel | English Spanish | Indonesian | Vietnamese | Turkish Portuguese | Russian |Filipino | Italian Romanian | Chinese | Polish | India French | German | Greek | Croatian Korean | Japanese | Arabic | Dutch Hungarian | Latvian | Hebrew | Persian Bangla Generally, make sure you join suitable groups, help others, and spread the word about BANANO! — BANANO at Facebook. — BANANO also has local groups at Facebook, here’s an overview of our current groups: Facebook page English | Spanish | Vietnamese | Portuguese | Indonesian | German Those are currently not very active, if you’d like to get engaged as a mod there or elsewhere please contact us. — BANANO Outlook. — As you can see, the core team and all the BANANO community supporters are constantly working on different new projects adding up to the BANANO ecosphere. There are always new developments, events, giveaways and other happenings such as innovative airdrops, new faucets and faucetgames, and we are still working on creating a new version of a play2earn Banano Runner (yeah we’re saying this since forever, but it will come eventually, no worries). Good things simply take time. We will keep you updated. We’re all here for the long-term in shaping this unique crypto experiment called BANANO ❤ Stay tuned, and if you have an idea and/or ability to contribute to the BANANO ecosphere whatsoever feel free to contact us! — How can YOU help?. — BANANO is merely what its community makes out of it ❤ If you want to help spreading the word and increasing our community, join our channels and suitable groups, follow our accounts, like and share/retweet our posts, and help others getting started! At this occasion: A huge hug and thank you to all our supporters, contributors, moderators, giveaway creators, BANANO tippers, and meme creators at all the different $BANANO social media channels for doing a really, really awesome job ❤ Keep it up! Interested in helping out as moderator at Telegram or Facebook? Any idea to develop or contribute to the BANANO ecosphere otherwise? Contact @bantano#1919 at our Discord, or leave a comment below for questions or suggestions. — Previous BANANO Monthly Updates:. — June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019 — Join the Banano Republic!. — BANANO ($BAN) is a fee-less, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy. Official Website | Yellowpaper | Wiki Help getting started: banano.how Community News: Daily Peel Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | BBS Medium | Publish0x | Github | BitcoinTalk | Instagram | Facebook | TikTok Overviews: BANANO News | BANANO links BANANO Monthly Update #51 (July 2022) was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




BANANO Monthly Update #50 (June 2022)

It’s time for another fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoing distribution activities and community growth. This BANANO Monthly Update June 2022 summarizes all important happenings in the BANANO ecosphere in May 2022, which was the 50th month since the BANANO main-net launch. — BANANO Ecosphere News from May 2022 (newest first) - 2022–05–31 Community Project: GoBanMe — Donate Banano to creators 2022–05–30 JungleTV Tunesday Event announcement 2022–05–29 BANANO Sundays: recap of the BANFam Community Call #15 2022–05–28 Interview: Meet The Monkeys #2 — Zanefold 2022–05–27 Major Banano Website Update by Yekta 2022–05–27 Community Project: waxp-rentals — Easy BAN -> WAX Onramp 2022–05–27 South Park Trivia on cryptomonKeys Twitch 2022–05–27 Dungeons & Banano: New Livestream Trailer online 2022–05–27 JungleTV Update: Nifty NFT Raffle May 27–29 2022–05–27 wBAN is now available for use with sablier.finance 2022–05–26 Banano Folding@Home Team surpassed Default Team this month! 2022–05–24 Wrapped BANANO (wBAN) Updates — May 2022 2022–05–24 JungleTV Tunesday Event Announcement 2022–05–23 Community Project: Banano Mainnet NFT update and giveaway! 2022–05–20 Ghostbusters Banano Trivia 2022–05–19 Official BANANO Giveaway at Reddit 2022–05–17 JungleTV Tunesday Event Announcement 2022–05–16 Banano Mainnet NFT Update and Giveaway 2022–05–16 Banano.cc down — core team working on it 2022–05–14 Community Project: New cryptomonKeys NFT released: hngKey 2022–05–13 JungleTV Emoji Contest Announcement 2022–05–12 JungleTV Update: Nifty NFT Raffle May 13–15 2022–05–12 Community Project Announcement: banano.network 2022–05–10 BANANO is now tracked by DeBank.com 2022–05–10 Community Project: Banano Food Drive Update 2022–05–10 Community Event Announcement: Ban Farmer 2022–05–09 Interview: Meet the Monkeys #1: Mayor Bancelot 2022–05–09 Third Party Faucet Game: BananoBrowserQuest Announcement 2022–05–08 Official BANANO Giveaway at Reddit 2022–05–08 JungleTV Tunesday Event Announcement 2022–05–07 BANANO Sundays: recap of the BANFam Community Call #14 2022–05–07 Official BANANO Giveaway at Reddit 2022–05–07 Dungeons and Banano — Launch of Youtube Channel 2022–05–07 Community Project Announcement: Ban.app — Buy BANANO with Fiat 2022–05–06 BANANO Billboard Music Awards 2022 Event Announcement 2022–05–05 JungleTV Nifty NFT Raffle May 6–8 Announcement 2022–05–04 May The 4th Be With You 2022–05–03 Community Project: New Faucet — TryBanano.com 2022–05–03 New cryptomonKeys NFT Revealed: 4th BANniversary 2022–05–02 Community Event: JungleTV Very Nice Emoji Contest Announcement 2022–05–01 Sook Day Celebration at Discord — Banano Lore All-time BANANO News list at news.banano.how — What the Fork is BANANO? - For those of you who don’t know BANANO yet: BANANO is a cryptocurrency (like Bitcoin or Ethereum, just a much newer generation). BANANO was forked from the cryptocurrency Nano in April 2018 and thus is powered by DAG technology — here to disrupt the meme economy. BANANO has memes, and also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use. Just try our slick mobile wallet called Kalium and get your first free $BANANO from one of our faucets within minutes! Also, BANANO has a free ongoing distribution through innovative faucet games. You can find more details on our official website: banano.cc, and you’ll find help getting started at banano.how. BANANO is already traded on several exchanges. You’ll find current information collated at Coingecko (and Coinmarketcap) and an overview about all current exchanges at exchange.banano.how. — BANANO Supply - Updated data from June 1st, 2022: Circulating Supply: 1,356,472,708 Burned Total: 1,483,932,027 Total Supply: 1,918,874,948 (=max supply) You can always check the current BANANO supply here on YellowSpyGlass. — BANANO Faucet and Distribution Overview - Aside lots of events and intermittent faucet runs as listed above, we also have several faucets running. A short overview of those faucets can be found below. MonkeyTalks An instant & self-sustaining faucet, combined with on-chain messaging BananoMiner Earn BANANO by contributing CPU/GPU power to medical research via Folding@Home Banano BoomPow Provide proof-of-work for Nano and Banano services and receive a share of a daily BANANO prize pool BananoJobs Complete bounties or microtasks called ‘BananoJobs’ — get paid in BANANO JungleTV A video sharing platform where you can earn & spend BANANO! monKeyslots A slots-themed BANANO faucet requiring cryptomonKeys NFTs to claim. More ways to get free BANANO and other non official faucets can be found at banano.how New faucets and modifications of current ones will follow over time, and adjustments might always be made to ensure that BANANO’s free distribution stays fair, and also doesn’t make our community members too dependent on BANANO earnings. BANANO is distributed through faucet payouts (Bananominer, Powerplant, Monkeytalks, BoomPow), BananoJobs, tipping allowances and celery (rewards) to core team members and contributors, plus we have regular events and contests organized by the core team or the community. BANANO Tipbots as we use them at Discord and Reddit are instrumental for showing newly joining members how easy-to-use and fast BANANO truly is, and to actually have everyone use BANANO for what it’s made for — tipping others! — BANANO Social Media Recap - Community activity on all platforms is key for BANANO growth and ripening in context of free and fair distribution! To keep track of this, here’s the monthly overview about our main social media/news channels with follower counts as of June 1st, 2022 compared to counts from January 2020: Main social media accounts: Discord: 40155 (Jan 2020: 9444) Twitter: 33040 (Jan 2020: 6634) Reddit: 60281 (Jan 2020: 3632) Telegram (main group): 11718 (Jan 2020: 6499) Telegram (news channel): 3063 (Jan 2020: 2009) Facebook: 3000 (Jan 2020: 2092) Instagram: 2931 (Jan 2020: 1396) Youtube: 3190 (Jan 2020: 433) LBRY/Odysee: 3846 (Jan 2020: 145) Tiktok: 300 (Aug 2020: 131) BBS: 210 (January 2022: 154) Blogs: Publish0x: 6615 (Jan 2020: 672) Medium: 865 (Jan 2020: 409) Tracking websites: Coingecko: 8777 (Jan 2020: 492) Coinmarketcap: 13179 (Mar 2021: 2583) Even more: Steemit | Hive | QQ | Wechat (QR) | Weibo (QR) | Minds BananoJobs: 5095 (Jan 2020: 845) BananoMarket: 1989 (June 2020: 161) cryptomonKeys Discord: 11015 (Oct 2020: 650) Twitter: 28580 (Oct 2020: 831) — BANANO at Telegram - Telegram is easy to use and overall pretty popular, and thus the perfect place to easily help new community members getting started with BANANO, in their language. That’s why we are working on having channels in all major languages. Here’s an overview of all official BANANO Telegram Groups: Telegram news channel | English Spanish | Indonesian | Vietnamese | Turkish Portuguese | Russian |Filipino | Italian Romanian | Chinese | Polish | India French | German | Greek | Croatian Korean | Japanese | Arabic | Dutch Hungarian | Latvian | Hebrew | Persian Bangla Generally, make sure you join suitable groups, help others, and spread the word about BANANO! — BANANO at Facebook - BANANO also has local groups at Facebook, here’s an overview of our current groups: Facebook page English | Spanish | Vietnamese | Portuguese | Indonesian | German Those are currently not very active, if you’d like to get engaged as a mod there or elsewhere please contact us. — BANANO Outlook - As you can see, the core team and all the BANANO community supporters are constantly working on different new projects adding up to the BANANO ecosphere. There are always new developments, events, giveaways and other happenings such as innovative airdrops, new faucets and faucetgames, and we are still working on creating a new version of a play2earn Banano Runner (yeah we’re saying this since forever, but it will come eventually, no worries). Good things simply take time. We will keep you updated. We’re all here for the long-term in shaping this unique crypto experiment called BANANO ❤ Stay tuned, and if you have an idea and/or ability to contribute to the BANANO ecosphere whatsoever feel free to contact us! — How can YOU help? - BANANO is merely what its community makes out of it ❤ If you want to help spreading the word and increasing our community, join our channels and suitable groups, follow our accounts, like and share/retweet our posts, and help others getting started! At this occasion: A huge hug and thank you to all our supporters, contributors, moderators, giveaway creators, BANANO tippers, and meme creators at all the different $BANANO social media channels for doing a really, really awesome job ❤ Keep it up! Interested in helping out as moderator at Telegram or Facebook? Any idea to develop or contribute to the BANANO ecosphere otherwise? Contact @bantano#1919 at our Discord, or leave a comment below for questions or suggestions. — Previous BANANO Monthly Updates: - May 2022 | April 2022 | March 2022 | February 2022 | January 2022 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019 — Join the Banano Republic! - BANANO ($BAN) is a fee-less, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy. Official Website | Yellowpaper | Wiki Help getting started: banano.how Community News: Daily Peel Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | BBS Medium | Publish0x | Github | BitcoinTalk | Instagram | Facebook | TikTok Overviews: BANANO News | BANANO links BANANO Monthly Update #50 (June 2022) was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




BANANO Monthly Update #49 (May 2022)

It’s time for another fresh Monthly Update from the BANANO ecosystem! The idea of those monthly updates is to keep our community informed, provide a good starting point for new people looking at the project, and to be transparent about BANANO’s ongoing distribution activities and community growth. This BANANO Monthly Update May 2022 summarizes all important happenings in the BANANO ecosphere in April 2022, which was the 49th month since the BANANO main-net launch. Note: This Monthly Update is about 1 month late, but since I finished it and forgot to ultimately post in time I’ll still put it out there for transparency and completeness. I’ll try to not delay things too much in the future. Sorry and thanks for understanding, bantano 🍌 — BANANO Ecosphere News from April 2022 (newest first) - 2022–04–29 Banano Spring Fling Poker Tournament 2022 2022–04–27 Dungeons & Banano: Community Driven Text Adventures 2022–04–26 Banano is now tracked by zapper.finance 2022–04–24 BANANO Offering BillyM2k Advisory Board Position 2022–04–24 Community Event: Easter Ban 2022 2022–04–23 BANANO AMA and discord giveaway at r/cryptocurrency 2022–04–20 BANANO Reddit Tipbot added to r/sideloaded 2022–04–18 Community Event: BananoPlanet: Photo Contest 2022–04–17 Wrapped BANANO (wBAN) Updates — April 2022 2022–04–17 BANANO AMA with Kucoin at Telegram Announcement 2022–04–14 Vote for Banano Telegram AMA with Kucoin 2022–04–14 r/place contributor rewards announcement 2022–04–09 Wen Banance? BANANO on Binance Smart Chain: wBAN/BUSD PancakeSwap Farm Revival (350k BAN Rewards!) 2022–04–09 Community Project: Freerice #6 runs April 10–19 2022–04–08 Community Event: Freerice #6 — Game Show Time 2022–04–08 Community Project: Jungle TV Nifty NFT Raffle April 8–10 2022–04–08 Dungeons & BANANO is now at Youtube (Trailer inside) 2022–04–08 Community Event: Banano Age of Empires Tournament 2022–04–07 CZ (Binance CEO) retweets Banano Meme 2022–04–07 Banano DeFi: wBAN/BUSD Farm at PancakeSwap is back (350k BAN rewards!) 2022–04–07 Community Project: dagchat — A banano wallet with on chain memos and messages 2022–04–06 Welcome To The Jungle — New BANANO Video on Youtube 2022–04–05 The BANANO Discord now has 40k+ members! 2022–04–05 BANANO Monthly Update #48 (April 2022) 2022–04–04 r/banano now has 50k members! 2022–04–03 BANANO Sundays: recap of the BANFam Community Call #13 2022–04–03 Join r/banano at r/places! 2022–04–03 Bantastic summary by a community member welcoming all new members 2022–04–03 Still running: Hemoglo-BAN, a blood donation event by the BANANO community 2022–04–03 BANANO History Lesson — How it began 2022–04–02 YUGE BANANO Giveaway that made it to #1 of r/popular! 2022–04–01 Happy Banniversary (NFT commemorating this day by cryptomonKeys) 2022–04–01 Event-Guide by Daily Peel: Banano’s 4th Banniversary All-time BANANO News list at news.banano.how — What the Fork is BANANO? - For those of you who don’t know BANANO yet: BANANO is a cryptocurrency (like Bitcoin or Ethereum, just a much newer generation). BANANO was forked from the cryptocurrency Nano in April 2018 and thus is powered by DAG technology — here to disrupt the meme economy. BANANO has memes, and also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use. Just try our slick mobile wallet called Kalium and get your first free $BANANO from one of our faucets within minutes! Also, BANANO has a free ongoing distribution through innovative faucet games. You can find more details on our official website: banano.cc, and you’ll find help getting started at banano.how. BANANO is already traded on several exchanges. You’ll find current information collated at Coingecko (and Coinmarketcap) and an overview about all current exchanges at exchange.banano.how. — BANANO Supply - Updated data from May 1st, 2022: Circulating Supply: 1,352,945,770 Burned Total: 1,483,854,443 Total Supply: 1,918,969,225 You can always check the current BANANO supply here on YellowSpyGlass. — BANANO Faucet and Distribution Overview - Aside lots of events and intermittent faucet runs as listed above, we also have several faucets running. A short overview of those faucets can be found below. MonkeyTalks An instant & self-sustaining faucet, combined with on-chain messaging BananoMiner Earn BANANO by contributing CPU/GPU power to medical research via Folding@Home Banano BoomPow Provide proof-of-work for Nano and Banano services and receive a share of a daily BANANO prize pool BananoJobs Complete bounties or microtasks called ‘BananoJobs’ — get paid in BANANO JungleTV A video sharing platform where you can earn & spend BANANO! monKeyslots A slots-themed BANANO faucet requiring cryptomonKeys NFTs to claim. More ways to get free BANANO and other non official faucets can be found at banano.how New faucets and modifications of current ones will follow over time, and adjustments might always be made to ensure that BANANO’s free distribution stays fair, and also doesn’t make our community members too dependent on BANANO earnings. BANANO is distributed through faucet payouts (Bananominer, Powerplant, Monkeytalks, BoomPow), BananoJobs, tipping allowances and celery (rewards) to core team members and contributors, plus we have regular events and contests organized by the core team or the community. BANANO Tipbots as we use them at Discord, Reddit, Telegram and Twitter are instrumental for showing newly joining members how easy-to-use and fast BANANO truly is, and to actually have everyone use BANANO for what it’s made for — tipping others! — BANANO Social Media Recap - Community activity on all platforms is key for BANANO growth and ripening in context of free and fair distribution! To keep track of this, here’s the monthly overview about our main social media/news channels with follower counts as of May 1st, 2022 compared to counts from January 2020: Main social media accounts: Discord: 40242 (Jan 2020: 9444) Twitter: 33022 (Jan 2020: 6634) Reddit: 60063 (Jan 2020: 3632) Telegram (main group): 12047 (Jan 2020: 6499) Telegram (news channel): 3156 (Jan 2020: 2009) Facebook: 3000 (Jan 2020: 2092) Instagram: 2947 (Jan 2020: 1396) Youtube: 3180 (Jan 2020: 433) LBRY/Odysee: 3848 (Jan 2020: 145) Tiktok: 299 (Aug 2020: 131) BBS: 205 (January 2022: 154) Blogs: Publish0x: 6606 (Jan 2020: 672) Medium: 859 (Jan 2020: 409) Tracking websites: Coingecko: 8717 (Jan 2020: 492) Coinmarketcap: 13039 (Mar 2021: 2583) Even more: Steemit | Hive | QQ | Wechat (QR) | Weibo (QR) | Minds BananoJobs: 5076 (Jan 2020: 845) BananoMarket: 1971 (June 2020: 161) cryptomonKeys Discord: 10451 (Oct 2020: 650) Twitter: 28036 (Oct 2020: 831) — BANANO at Telegram - Telegram is easy to use and overall pretty popular, and thus the perfect place to easily help new community members getting started with BANANO, in their language. That’s why we are working on having channels in all major languages, and our Telegram Tipbot enables us to send all new members some BANANO right away through a near-instant, feeless on-chain transaction, seeing is believing! You’ll find a Telegram Tipbot How-To and all group links always here: telegram.banano.how Here’s an overview of all official BANANO Telegram Groups: Telegram news channel | English Spanish | Indonesian | Vietnamese | Turkish Portuguese | Russian |Filipino | Italian Romanian | Chinese | Polish | India French | German | Greek | Croatian Korean | Japanese | Arabic | Dutch Hungarian | Latvian | Hebrew | Persian Bangla If you want to use the BANANO TipBot in your Telegram group, just add it to the group, make it admin, and start using it (how-to). Generally, make sure you join suitable groups, help others, and spread the word about BANANO! Any group missing? Interested in helping out as moderator? Send a message to @bantano#1919 at our Discord! — BANANO at Facebook - BANANO also has local groups at Facebook, here’s an overview of our current groups: Facebook page English | Spanish | Vietnamese | Portuguese | Indonesian | German Those are currently not very active, if you’d like to get engaged as a mod here please contact us. — BANANO Outlook - As you can see, the core team and all the BANANO community supporters are constantly working on different new projects adding up to the BANANO ecosphere. There always will be new developments, events, giveaways and other happenings such as innovative airdrops, new faucets and faucetgames, and we are working hard to make a new version of a play2earn Banano Runner become real in the not too distant future (yeah we’re saying this since forever, but it will come eventually, no worries). Good things simply take time. We’re always working on different new things and will keep you updated. We’re all here for the long-term in shaping this unique crypto experiment called BANANO ❤ Stay tuned, and if you have an idea and/or ability to contribute to the BANANO ecosphere whatsoever feel free to contact us! — How can YOU help? - BANANO is merely what its community makes out of it ❤ If you want to help spreading the word and increasing our community, join our channels and suitable groups, follow our accounts, like and share/retweet our posts, and help others getting started! At this occasion: A huge hug and thank you to all our supporters, contributors, moderators, giveaway creators, BANANO tippers, and meme creators at all the different $BANANO social media channels for doing a really, really awesome job ❤ Keep it up! Any group/language missing? Interested in helping out as moderator at Telegram or Facebook? Any idea to develop or contribute to the BANANO ecosphere otherwise? Contact @bantano#1919 at our Discord, or leave a comment below for questions or suggestions. — Previous BANANO Monthly Updates: - April 2022 | March 2022 | February 2022 | January 2022 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019 — Join the Banano Republic! - BANANO ($BAN) is a fee-less, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy. Official Website: banano.cc Help getting started: banano.how Community News: Daily Peel Yellowpaper | Wiki Join our social channels for updates & giveaways: Discord | Twitter | Reddit | Youtube | Telegram | BBS Medium | Publish0x | Github | BitcoinTalk | Instagram | Facebook | TikTok Overviews: BANANO News | BANANO links BANANO Monthly Update #49 (May 2022) was originally published in Banano on Medium, where people are continuing the conversation by highlighting and responding to this story.




  BAN NEWS


GitHub Reverses Tornado Cash Ban But There's a Catch

    The US Office of Foreign Assets Control (OFAC) assigned popular crypto tumbler Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list last month which triggered an outcry from privacy and free speech advocates. Subsequently, Microsoft-owned GitHub removed its source code as well as terminated the user accounts of three individuals who contributed code to the project. In a recent turn of events, the platform unbanned the coin mixer and contributors on the platform. Notifying that the repos are, however, currently in 'read-only' mode, Ethereum dev Preston Van Loon tweeted that the hosting service is yet to reverse all actions and return the repositories to their former status. Loon believes the move is still 'progress from an outright ban.' Clarification on Interaction With Tornado Cash Tornado Cash's return to GitHub follows clarification guidance issued by the United States Department of the Treasury earlier this month that states merely 'interacting' with ??s open-source code, with certain provisions, would not violate sanctions imposed by the OFAC. 'U.S. persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications. Similarly, U.S. persons would not be prohibited by U.S. sanctions regulations from visiting the Internet archives for the Tornado Cash historical website, no... read More



Twitch Reveals When it Will Ban Crypto Gambling Livestreams

    The controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16, Twitch said in a statement. It mentioned that Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, the most notable crypto gambling sites using its platform, will no longer be able to use it to stream their activities. Going forward, Twitch will identify other crypto gambling sites and disable their access to its platform.  Twitch Bans Gambling Livestreaming 'Gambling content on Twitch has been a big topic of discussion in the community, and something we’ve been actively reviewing since our last policy updates in this area. Today, we want to update you on our plans... So, we’ll be making a policy update on October 18th to prohibit streaming of gambling sites that include slots, roulette, or dice games that aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection,' Twitch said in its statement. The company also added that it already has a policy to prohibit sharing of links or referrals that feature slots, roulette, or dice games but these rules were being circumvented. 'We will continue to allow websites that focus on sports betting, fantasy sports, and poker... We’ll share specifics on the updates to our Gambling policy soon, including the full policy language, to make sure everyone is clear on our new rules before they take effort on October 18th,' it... read More



U.S. House Legislation Looks To Place Two-Year Ban On UST-Like Stablecoi...

    Are stablecoins in the sights of U.S. regulators? The decline of Terra Luna and it's UST (and correlating LUNA) token earlier this year brought along plenty of fanfare. It's full damage and implications, however, have clearly yet to be established; a new draft of a U.S. House bill is proposing a two-year ban on stablecoins similar to Terra's UST stablecoin. UST depegged and caused major ripples throughout defi earlier this year. Let's look at what the legislation could potentially bring to the market. Stablecoins Under Scrutiny? According to a report from Bloomberg, the House bill takes aim at stablecoins and would 'mandate a study on Terra-like tokens from Treasury' along with a bevy of federal financial bodies, including the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the SEC. The final version of the bill has not been proposed and the bill, led by House members Maxine Waters and Patrick McHenry, is still working through draft iterations before it's presentation to the House. However, it's reported that the bill will also allow banks (and others) to issue stablecoins - so an outright ban does not seem to be in the cards for this legislation. Stablecoin issuers would need to seek approval from standard federal regulators, and a formalized process for non-bank entities that want to issue a stablecoin would be established. The bill could be presented to vote on as early as the end of this month. Despite challenges f... read More



US Draft Bill Plans to Ban Algorithmic Stablecoins for 2 Years

    The draft stablecoin bill in Congress requires The Federal Reserve System and state banking regulators to approve any stablecoin plans by non-bank entities before they can be legally issued. Issuers of stablecoin approved by state regulators will have to get themselves registered with the Federal Reserve within 180 days to legally continue their operations, media reports claiming access to the draft bill said on Wednesday.  In July, CryptoPotato reported that the stablecoin bill was delayed by over a month due to a last-minute change suggested by Treasury Secretary Janet Yellen. She argued that the legislation should provide for the segregation of the customers' assets from the wallet custodians to preserve them in a bankruptcy scenario.   In June, Japan passed a similar bill recognizing stablecoins as digital money that have to be pegged to the yen or another legal tender.  Algo Stablecoins to Be Banned  New stablecoins backed by assets created by the same issuers or 'endogenously collateralized stablecoins' will not be allowed for at least the next two years. Any such existing stablecoins will be required to change their business model and receive fresh approval from appropriate authorities within two years. Stablecoins issued without due approval by designated regulators will be illegal and will be punished by up to a five-year prison term and a $1-million fine. The bill envisions such cryptocurrencies to be collateralized by cash or high... read More



There's Too Much Money and Power Behind Crypto to Ban It: Congressman Sh...

    Congressman Brad Sherman, who represents California's San Fernando Valley in the U.S. Congress, is a keen critic of the cryptocurrency industry. In his view, it undermines the dominance of the American dollar and is a threat to the country's national security. However, Sherman does not believe the government can prohibit the asset class 'anytime soon' since there is too much money and power behind it. Crypto Should Have Been Banned Years ago Unlike some other American politicians, Brad Sherman is firmly against cryptocurrencies. He also thinks banning the asset class is a much better step than imposing regulations. In a recent interview for Los Angeles Times, he argued that the government had made a mistake not prohibiting it years ago when there was less money concentrated in the sector: 'I don't think we're going to get [to a ban] anytime soon. Money for lobbying and money for campaign contributions works, or people wouldn't do it; and that's why we haven't banned crypto. We didn't ban it at the beginning because we didn't realize it was important, and we didn't ban it now because there's too much money and power behind it.' Sherman's main concerns are that digital assets could pose a systemic threat to America's financial network and undermine the supremacy of the dollar. In addition, he claimed that wrongdoers could employ bitcoin and altcoins in their criminal operations, going under the radar of the authorities. The Congressman went further describing cryptocurrency inv... read More



US Lawmaker Says 'Too Much Money and Power' Behind Crypto to Ban It

    U.S. Representative Brad Sherman says Congress has not banned crypto because 'there's too much money and power behind it.' He elaborated: 'Money for lobbying and money for campaign contributions works, or people wouldn't do it, and that's why we haven't banned crypto.'US Lawmaker on Regulation and Why Congress Won't Ban Crypto Congressman Brad Sherman (D-CA) shared his views on cryptocurrency and its regulation in an interview with the Los Angeles Times, published Sunday. The U.S. lawmaker from California, who chairs a House subcommittee on investor protection, wants to outlaw cryptocurrency but does not believe Congress will take such action. 'I don't think we're going to [ban crypto] anytime soon,' he told the news outlet. 'Money for lobbying and money for campaign contributions works, or people wouldn't do it, and that's why we haven't banned crypto,' Sherman explained, elaborating: We didn't ban it at the beginning because we didn't realize it was important, and we didn't ban it now because there's too much money and power behind it. Not only is the congressman concerned about individual investors being defrauded, but he also views cryptocurrency as a threat to the national security of the U.S. He believes crypto poses a systemic threat, enables criminals, and undermines the U.S. dollar's dominance. The lawmaker is particularly worried about crypto mixing services like Tornado Cash. In August, the U.S. Treasury Department's Office of Foreign Asset Control (OFAC) banned th... read More



Amid Colorado's Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms...

    In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas-to-bitcoin flare mitigation systems and these firms are raking in a lot of bitcoin.Report Shows at Least a Half Dozen Colorado-Based gas and Oil Firms Are Leveraging Gas-to-Bitcoin Mitigation Solutions On August 29, 2022, the Colorado Sun author Mark Jaffe reported on Colorado-based gas and oil companies teaming up with bitcoin miners and explaining how 'they're making quite a bit of coin.' Jaffe details that there are at least a half dozen oil and gas refiners using gas-to-bitcoin flare mitigation systems in the natural gas-rich state of Colorado. The growing number of bitcoin flare mitigation sites in Colorado is interesting because the state's regulatory watchdog, the Colorado Oil and Gas Conservation Commission (COGCC), has banned natural gas flaring. Essentially, if any oil and gas company chooses to operate in the state of Colorado, it must connect to a pipeline to mitigate the excess gas. If an oil and gas firm cannot comply with the regulations, the COGCC will shut the operations down. Jaffe's report explains that the COGCC is aware of these gas and oil firms leveraging gas-to-bitcoin solutions. A COGCC spokeswoman, Megan Castle, told the Colorado Sun (CS) journalist that 'it is definitely on our radar.' While... read More



Kraken CEO Doubts Decision to Ban Tornado Cash Will Survive in Court: Re...

    The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by mixing several users’ coins before sending them to their destination addresses. Powell argued that banning Tornado Cash because it is being used by criminals is similar to banning email services because some criminals may be employing them. Kraken, USDC Block Tornado Addresses Meanwhile, Kraken has blocked accounts linked to Tornado Cash following the United States Treasury Department’s sanctions against the crypto mixer platform. Earlier, USDC stablecoin, run by a consortium of Circle and Coinbase, had similarly blocked addresses linked to the mixer. Circle CEO Jeremy Allaire said Circle and Coinbase must follow the Treasury’s sanctions against Tornado Cash in line with Bank Secrecy Act. However, Allaire, too, questioned the ban. “It raises extraordinary questions about privacy and security on the internet, and the future of public internet digital currency,” he said. Powell referred to Circle’s decision to block Tornado Cash addresses because of the US Treasury’s crackdown on the crypto mixing platform as a move to control decentralized networks. “Having a digital currency that&... read More



Coin Center Says OFAC's Tornado Cash Ban 'Exceeds Statutory Authority,' ...

    On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department's Office of Foreign Asset Control (OFAC). The post, published by Coin Center's Jerry Brito and Peter Van Valkenburgh, explains that by treating autonomous code as a 'person' 'OFAC exceeds its statutory authority.'Coin Center Insists 'OFAC Has Overstepped Its Legal Authority' Coin Center's executive director Jerry Brito and director of research Peter Van Valkenburgh had a lot to say in a blog post published Monday that talks about whether or not autonomous code, or a smart contract, can be considered a sanctioned 'person.' Coin Center's Brito and Valkenburgh believe the U.S. government sent some kind of intended signal when OFAC sanctioned Tornado Cash. One that makes it so U.S. citizens are aware specific tools and software 'should not be used by Americans even for entirely legitimate purposes.' 'As we suspected, we believe that OFAC has overstepped its legal authority by adding certain Tornado Cash smart contract addresses to the SDN List, that this action potentially violates constitutional rights to due process and free speech, and that OFAC has not adequately acted to mitigate the foreseeable impact its action would have on innocent Americans,' the Coin Center blog post explains. Moreover, Coin Center believes that OFAC's design... read More



Tornado Cash Governance Token TORN Shudders More Than 57% Since the US G...

    Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project's governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost 57.6% in value against the U.S. dollar. Tornado Cash Token Loses More Than Half of Its Value This Week It seems that everything Tornado Cash touched is tainted and during the last week, the project's governance token tornado cash (TORN) has lost more than half of its USD value. TORN is an ERC20-based token that was launched in February 2021, and 5% of the supply was airdropped to users who had leveraged the mixing application before the snapshot. There's approximately 1,511,065 TORN tokens and 500,000 TORN was airdropped to the Tornado Cash community. Since the U.S. government cracked down on Tornado Cash and banned the mixing application alongside associated ETH-based addresses, TORN has taken a severe market beating. TORN has seen $43.4 million in global trade volume and a lot of it stems from selling. Popular crypto exchanges that list TORN include Binance, Bingx, and Bitget. 69.93% of all TORN trades today are paired against USDT, which is followed by BUSD (24.73%), BTC (3.92%), WETH (1.18%), and USDC (0.24%). Additionally, 30% of the TORN stash was reserved for devs and contributors, and vested for a three-year linear... read More



ECB Calls for Urgent Regulation of Stablecoins and Defi, Won't Rul...

    A new report by the European Central Bank (ECB), presented as a 'deep dive into crypto financial risks,' calls for 'appropriate' regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin's carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants Regulation and Supervision, ECB Says Crypto-related financial risks, those associated with stablecoins and defi platforms in particular, as well as the threat to climate transition goals blamed on energy-intensive methods of crypto mining, are in the focus of the latest edition of the Macroprudential Bulletin issued by the European Central Bank (ECB). Key moments in the report published in July were highlighted this week by Patrick Hansen, crypto venture advisor at Presight Capital. Exploring the policy implications of these segments of the crypto market, the authors of the paper insist that the growth and increasing use of stablecoins around the world require immediate implementation of the necessary regulatory, supervisory, and oversight frameworks, such as the MiCA legislation, before the interconnection between these digital currencies and the traditional financial system deepens further. Recognizing the important role of stablecoins for the crypto ecosystem in one of the three articles in the bulletin, the ECB experts point out that their critical function could have contagion effects for the financial system, ... read More



ECB Recommends Mining Ban and Urgent Stablecoin Regulations

    It comes as no surprise that the central bank wants to curtail crypto as much as it possibly can, advising EU lawmakers with a recent research paper. On July 12, crypto venture advisor at Presight Capital, Patrick Hansen, broke down the report, which focused primarily on what the ECB considers financial risks. It acknowledged that the digital asset markets were evolving rapidly, claiming that if current trends continue, 'crypto-assets will pose risks to financial stability,' therefore need to be 'effectively regulated and supervised.' The three areas of concern for the central bankers were the climate risk of crypto, decentralized finance, and stablecoins. The ECB has published 3 new research articles on • Climate risk of crypto • DeFi • Stablecoins They give a good overview of how the ECB thinks about these issues and contain some remarkable quotes and graphs. A few examples https://t.co/KDO5NC9cqF pic.twitter.com/lSxhLUI5jt — Patrick Hansen (@paddi_hansen) July 12, 2022 A 'Probable' Mining Ban The first concern was one regarding the climate, with the report stating that there is a choice between 'incentivizing the crypto version of the electric vehicle' or banning the fossil fuel version. This refers to the choice of proof-of-stake, which Ethereum is about to switch to, instead of proof-of-work, which runs the Bitcoin network. The ECB stated that public authorities are 'highly unlikely' to take a hands-off approach, so: “Policy action by author... read More



Mining Ban Sparks Negative Reactions From Iran's Crypto Community

    The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country's power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months.Restrictions on Crypto Mining Are Ousting Iran From Global Coin Minting Industry, Critics Say After last year crypto miners were forced to deal with interruptions in power supply on more than one occasion, the Iran Power Generation, Transmission and Distribution Company (Tavanir) has told them to halt operations again, until the end of this summer. The utility is citing expected electricity shortages in the next three months of hot weather, when demand will spike due to rising consumption for cooling. The company's spokesman, Mostafa Rajabi Mashhadi, has been quoted as stating that the measure should help reduce the heavy load on the national grid during the peak season. According to a report by the Iranian business news outlet Way2pay, stakeholders have objected to the move, insisting that it's unwarranted and will hurt Iran's crypto mining industry, as in 2021. The power deficit and the frequent blackouts were partially blamed on the increased power usage for mining, both legal and illegal, and last May licensed miners were ordered to shut down. They were allowed to resume operations in September, but then again asked to unplug their equipment to help alleviate the shortages in the cold winter months, when demand... read More



South Korean Authorities Impose Departure Ban on One of Terra's Ma...

    Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor's Office's Joint Financial and Securities Crime Investigation Team has banned a key Terra designer from leaving the country. The team has been investigating Terraform Labs, its employees, and founding members after the stunning collapse of TerraUSD (UST) and its sister token LUNC (Luna Classic). Inside Job The anonymous 'key member' had allegedly told the media outlet that the company's CEO, Do Kwon, revealed to them about making enough money to buy an island. Allegations of Kwon secretly selling the cryptocurrency to institutions in a bid to raise large amounts of funds were also made by that person. The prosecution is now investigating if the money funds were used for 'market price adjustment' that artificially inflates the token price. The move to prevent the departure of the person may mark the start of a full-scale investigation as searches and seizures. In a statement, an official from the Ministry of Justice said, 'It is impossible to confirm whether the departure ban is related to the confidentiality of the investigation.' According to research uncovered by blockchain security firm Uppsala Security, the collapse that resulted in billions of losses of dollars could have been an inside job. It said the potential attacker's wallet responsible for the events that transpired last month might have been associated with Terraform or any of its related entities. S... read More



Russia Passes First Reading of Bill Seeking to Ban Digital Assets as Mea...

    Legislation to prohibit payments using crypto-assets sponsored by the Financial Markets Committee of the State Duma Anatoly Aksakov has passed through the first reading. Inconsistencies in the Bill According to a report by the state media, the official document recommends an obligation for digital asset exchanges, referred to as 'DFA exchange operators,' to decline transactions where crypto is used as a 'monetary surrogate.' The explanatory note of the bill states, 'The amendments establish a direct ban on the transfer or acceptance of DFA and UCP as a counter provision for transferred goods, work performed, services rendered, as well as in another way that allows one to assume payment for DFA of goods (works, services).' If the bill is approved by the Federal Council and President Vladimir Putin, 'digital financial actives' (DFA) will be banned from paying for goods or services. But the country's authorities remain divided. Roman Yankovsky, a Moscow Digital School teacher, explained that the category 'means of payment' refers to money and near-money phenomena. Since digital assets are property, in principle, they cannot be used as a payment means, but they still can be exchanged, similar to a barter system. Pointing out the term 'money surrogates' used in the note, critics have noted that there appears to be no definition to explain what it really means in the existing Russian laws. The bill was filed with the State Duma, the lower house of Russia's parliament last week, but... read More



Russia's Latest Bill Proposal Could Ban Crypto as a Payment Method

    The head of the Russian parliament's lower chamber (State Duma) - Anatoly Aksakov - presented legislation focused on cryptocurrencies and their employment inside Russia's borders. If the bill gets approved, 'digital financial actives' (DFA) won't be accepted as a means of payment for any type of products or services inside the country. Scrap Crypto, the Ruble is Russia's Currency The Russian authorities are strongly divided on how to approach the local cryptocurrency industry. The country's central bank insists on a total ban of all digital asset endeavors, while the Finance Ministry believes imposing regulations is a better idea.  At first, the lower house of the Federal Assembly of Russia - the State Duma - shared the central bank's vision. In 2020, the lawmakers considered prohibiting the usage of digital assets and insisted that those who continue to interact with the sector be fined and even sent to jail. In March this year, the authorities abandoned such plans, claiming that designing an appropriate regulatory framework is wiser than imposing a blanket ban on the asset class. Earlier this week, the head of State Duma - Anatoly Aksakov - touched upon the topic once again, proposing a bill that outlines digital currencies as inapplicable for a payment method. He reminded that Russia's national currency - the ruble - remains the only official monetary unit of the nation, and amendments are not necessary: 'The ruble is the offici... read More



STEPN Set to Ban Mainland China Users in Compliance with Regulators

    Well-known move-to-earn game STEPN announced on Thursday that it will stop offering IP and GPS-related services to users from mainland China, as required by the authorities. The new ban will come into effect on July 15th. Deadline Set on July 15th The Solana-based social-fi application is a mobile platform that rewards users through walking, jogging, or running. Tracking users' geographic position is an essential feature that enables the platform to figure out their level of participation. Thus, to take part in the game, players need to carry their phones while exercising and let their GPS be known by the platform. In compliance with regulatory requirements - STEPN said via a thread of tweets on Thursday - users whose IP and GPS addresses come from mainland China will not be able to use its service since July 15th. The Web3 firm encouraged Chinese users to start managing the in-app assets accordingly. To earn rewards through the game, users need first to purchase virtual sneakers in the form of NFTs. The prices are denominated to SOL and BNB, so users are required to connect the app to their crypto wallets. The thread did not specify what would happen to their in-app assets after the deadline. The team clarified that it had never launched any business or provided any means for people to download the app within the jurisdiction. Jerry H, the founder of STEPN, noted that Chinese users only account for 5% of the game's total user base, suggesting that the ban would not significa... read More



Kevin O'Leary on Proposed PoW Ban, Says New York State is Uninvest...

    Renowned TV personality and millionaire investor Kevin O'Leary said the Proof-of-Work(PoW) ban proposed by New York State would scare businesses away. According to the crypto bull, the state, along with California and Massachusetts, is uninvestable due to its poor management and unfriendly policies towards crypto businesses. Meanwhile, he did not see Terra's failure leading to a rejection of the stablecoin industry as a whole and stated that regulatory clarity is what the sector is needed. 'New York State is Uninvestible' Last month, New York State Assembly passed a moratorium bill targeting carbon-based PoW mining sites. The bill is yet to be signed into the state's law as the Senate has not voted on it. In the latest interview with CNBC, Kevin O'Leary considered the antagonism towards crypto businesses a huge mistake. He said the state had failed to take advantage of its abundance in hydroelectricity - an alternative power source. He argued that many miners would prefer to utilize it over carbon energy. 'They can get a lot of taxes and good jobs out of this, and all they have done is to scare the capital away.' The Canadian business used his personal experience to demonstrate his stance, noting that he had re-allocated his investments that would have landed in New York to Norway instead. He further noted that states such as California, Massachusetts, and New York are so 'poorly managed' with unstable policies on digital assets that he would choose not to invest there at all... read More



California Considers Lifting Ban on Crypto Donations for Political Campa...

    California's state regulator - Fair Political Practices Commission (FPPC) - will consider allowing the use of cryptocurrencies for political campaign donations four years after banning them. Potential Law Amendments During its most recent Commission Meeting, the FPPC disclosed it had arranged a 'pre-notice discussion' where it will contemplate whether to enable digital asset political donations in the state. The conversation will be held later this week (May 19): 'The proposed regulations and amendments are presented for discussion and direction by the Commission and will be presented for adoption at a subsequent meeting. The Commission will review and discuss potential sponsored and other legislation, The Commission will provide direction on future legislation to be sought by the agency.' Local watchdogs prohibited sending and receiving cryptocurrency donations for political campaigns in September 2018. Back then, the regulators argued it is hard to track the origin of such contributions, compromising the transparency of one's candidacy. Banning crypto donations for political parties is a policy imposed by others, too. Last month, the authorities of Ireland did the same, citing fears of Russian intervention. Several reports suggested that oligarchs part of Putin's inner cycle have begun utilizing bitcoin and altcoins to avoid the monetary sanctions enforced by the West. Irish Government Minister - Darragh O'Brien - believes the prohibition of crypto contributions in politica... read More



China Backed Publication: Terra LUNA Crash Vindicates Country's Ba...

    An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain's LUNA and the de-pegging of the UST stablecoin vindicate the Asian country's decision to ban crypto-related activities. In the article, the author names the interest rate hikes by the U.S. Federal Reserve and the buying and selling of crypto assets by several investment giants as the causes of the recent market crash.Impact of Recent US Interest Rate Hike An author writing for China's state-backed publication, Economic Daily, has argued that the recent crash of Terra's LUNA and the de-pegging of the UST stablecoin vindicates his country's decision to block or prohibit virtual currency-related activities. The author, Li Hualin, also claimed that China's 'decisive' and 'timely' action helped to 'extinguish the 'virtual fire' of virtual currency speculation and put 'protection locks' on investors' wallets.' As reported by Bitcoin.com News, Terra blockchain's native token LUNA's troubles started after the network's other project, the algorithmic stablecoin UST, lost its peg against the U.S. dollar. Initial efforts to rescue the stablecoin precipitated the native token's plunge from a price of over $87 on May 4, 2022, to a current price of just under $0.0003. While some crypto experts have placed the blame for the token's crash on the actions of the project's leader, Do Kwon, in the opinion piece, the Chinese author appears to attribute th... read More



Report: Central African Banking Regulator Says Crypto Ban Still Effectiv...

    An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the Banking Commission of Central Africa (COBAC), has reminded members of a regional economic bloc that includes the Central African Republic (CAR) that its ban on cryptocurrencies remains in effect. The regulator's latest warning follows the CAR's recent decision to adopt bitcoin as the country's 'currency of reference.' According to a Reuters report, COBAC - a regulator of the banking sector in CEMAC - believes the prohibition will ensure financial stability. In a statement issued after it held a special meeting on May 6, the regulator reportedly said it will also take steps to identify and report crypto-related transactions. 'In order to guarantee financial stability and preserve client deposits, COBAC recalled certain prohibitions related to the use of crypto-assets in CEMAC. COBAC has decided to take a number of measures aimed at setting up a system for identifying and reporting operations related to cryptocurrencies,' the regulator is reported to have said. CAR's Sovereignty Before the latest warning by the regional regulator, the Bank of Central African States had told the CAR to annul its decision to make bitcoin l... read More



Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament

    A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn't win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered and voted against a draft law banning the minting of digital currencies based on the proof-of-work concept. The legislation, which was proposed by the communist Red Party in March, was supported only by two other leftist parties, SV (the Socialist Left Party) and MdG (the Green Party). 'We are obviously disappointed with the majority here,' Red lawmaker Sofie Marhaug told the E24 news portal. She added that the Norwegian society must determine its priorities regarding power usage. Her party says bitcoin mining is extremely energy-intensive and insists on putting an emphasis on the needs of other industries and climate change goals. However, as Marhaug pointed out, the majority in the Storting, Norway's legislature, wants to prioritize the market, and 'give the bill to Norwegian electricity consumers.' The Red also failed to win support for a proposal to revise the electricity surcharge for mining data centers, accusing the Labor Party (Ap) and Centre Party (Sp) of breaching a pre-election promise. The two parties had announced they would seek a full electricity fee for mining farms. While households, many businesses, and the public secto... read More



Report: Nigerian Crypto Restrictions and Twitter Ban Have 'Cripple...

    A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have 'crippled foreign direct investment in the fintech industry.' Foreign Direct Investment 'Crippled' A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign direct investment that goes to the fintech industry. The same restrictions, as well as the banning of Twitter, have also adversely affected young Nigerians who were earning money via crypto trading. The report, which is titled Africa's Urbanisation Dynamics 2022: The Economic Power of Africa's Cities, was jointly published by the secretaries-general of the Organisation for Economic Co‑operation and Development (OECD) and the United Nations (UN). 'The restrictions on cryptocurrency transactions and the outright ban of Twitter in Nigeria have crippled foreign direct investment in the fin‑tech industry and negatively impacted millions of young Nigerians who earn a living from the sector,' the report concluded. Nigeria Denied Taxes However, an excerpt from the report published by Business Insider Africa suggested some Nigerian youths may have found ways to 'lawfully bypass these restrictions and continue the business.' This fact is also backed by a Bitcoin.com News report which stated that peer-to-peer crypto trading in Nigeria had surged shortly after the central bank asked financial institutions ... read More



Argentina's Central Bank to Ban Local Institutions From Providing ...

    The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local banks – Banco Galicia and Brubank – revealed they will allow clients to purchase digital assets via their official websites. Argentina’s Central Bank Blocks the Crypto Offerings Earlier this week, the largest private bank in Argentina in terms of market value – Banco Galicia – and the digital bank – Brubank – partnered with crypto wallet Lirium to provide cryptocurrency services to customers. Both parties outlined the high demand users have displayed for digital assets as reasoning, especially from the younger generations. Nonetheless, Argentina’s central bank stated that domestic monetary institutions are banned from offering such opportunities as the BCRA has still not imposed regulations on the industry. “The measure ordered by the Board of Directors of the BCRA seeks to mitigate the risks associated with operations with these assets that could be generated for users of financial services and the financial system as a whole.” Like many other central banks, the BCRA outlined some of the most talked-about potential risks surrounding digital assets. The institution opined that bitcoin and altcoins are highly volatile, and they could be used in money-laundering and terrorist financing. While most crypto assets experience co... read More



Abkhazia Extends Crypto Mining Ban Till End of Year

    Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in Abkhazia The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions on the minting of cryptocurrencies until the end of 2022. On April 1, the cabinet in Sukhumi adopted the respective amendments to its decree from December 2020, which banned the use of electricity for mining and halted imports of relevant equipment. The de-facto state has been struggling with power shortages and held talks with the Russian Federation, its main supporter, to ensure additional energy supplies. Frequent breakdowns of its electrical infrastructure have also been blamed on crypto miners. The persistent problems have postponed a plan to legalize and regulate the industry. Abkhazia began to curb crypto mining activities back in 2018. Last April, the 'temporary ban' was extended for another year. In October, the republic's telecom and media watchdog said its restrictions on internet access for miners will also remain in place for the time being. Authorities in the republic have been going after crypto miners and announced the seizure of 6,000 units of mining hardware in September. At the same time, Abkhaz officials acknowledged that an estimated 30,000 mining rigs remained... read More



Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official...

    A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part of efforts to legalize Russia's crypto space. Russia Prepares to Legalize Cryptocurrency Mining Trying to prohibit at-home crypto mining makes no sense as it would be difficult to impose such a ban, according to Alexey Yakovlev, deputy director of the Financial Policy Department at the Ministry of Finance of Russia. He made the statement at a round table discussion devoted to the legalization and regulation of the industry. The ministry is now finalizing new provisions that would bring this crypto-related activity into the legal field, Yakovlev announced during a video conference call, quoted by the crypto news outlet Forklog. Russian authorities intend to put an emphasis on ensuring that activities in the sector are economically feasible. The government also wants to minimize the potential risks. Elaborating on that, the Minfin representative pointed to the threats of money laundering and terrorism financing. He also highlighted the need to guarantee the energy security of the Russian Federation. Cryptocurrency mining in basements and garages has become a popular income source for many ordinary Russians, especially in regions like Irkutsk where household electricity rates start at just $0.... read More



European Union's MiCA Proposal Progresses to Trilogue Stage Withou...

    The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU's legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft, did not take an opportunity to block the draft's progress.EU Parliament, Commission and Council to Negotiate Over MiCA Regulations Wording proposed by members of the European Parliament (MEPs) which aimed to impose a ban on cryptocurrencies relying on PoW mining was removed from MiCA before a recent vote. In mid-March the Committee on Economic and Monetary Affairs (ECON) approved the regulations without a provision that would have effectively prohibited the offering of services for bitcoin and the like. However, the crypto community couldn't greet the development with relief as it was still possible to prevent the draft from progressing to the next stage of the legislative process – the trilogue between the European Parliament, the European Commission, the executive arm in Brussels, and the Council of the EU, the other legislative body of the Union. The deadline by which an objection could be filed expired at midnight on Thursday, March 24, the German crypto news outlet BTC Echo noted in a report. Until then, the factions of the Greens, Left and Social Democrats, the supporters of the de facto bitcoin ban, could halt the advance of MiCA and attempt to reintroduce the text which had s... read More



Ron Paul Cautions Government Could Still Ban Bitcoin — Says He&rsq...

    Former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is 'influenced a whole lot by history and the gold history.' Despite his warning, Paul stressed that crypto 'should be obviously permitted.'Ron Paul Discusses Bitcoin as Interest in Crypto Rises Former presidential candidate Ron Paul discussed the future of bitcoin and the economic impact of the Russia-Ukraine war in an interview with Kitco news' Michelle Makori Thursday. Paul is an American author, physician, and retired politician. The former representative from Texas launched The Ron Paul Liberty Report in 2015 to bring 'provocative opinion and analysis to the breaking issues affecting our lives and finances,' its website details. The former congressman has repeatedly warned that the government could crack down on bitcoin. 'My concern is that governments over centuries have been notoriously very eager to have control of the money. Believe me, they will not give up control of money,' he described. However, interest in bitcoin has soared recently with more institutional investors supporting the ecosystem. This week, the Ukrainian government created a legal framework for cryptocurrency following the invasion by Russia. It also set up an official crypto donation website. Moreover, BTC is currently legal tender in El Salvador. Paul was asked if he still believes that bitcoin is at risk of being outright banned or outlawed. He replied: Yeah, I do, mainly because I'm... read More



MaskEX Crypto Exchange Reveals it Won't Ban Russian Users

    [PRESS RELEASE - Please Read Disclaimer] MaskEX Crypto Exchange will not ban its wallets connected with Russians or Russian Federation. After long discussions inside the team, MaskEX could not stand idly and decided to clarify its point for the rest of the world. Considering the current situation around Ukraine, almost all spheres react to the sanctions and restrictions imposed against Russia. From this angle, expectations from the crypto exchanges are not surprising at all, which, of course, is a lot of pressure. And although MaskEX is a relatively new but fast-growing crypto exchange, it already has a large number of users from Russia and Ukraine, as it has employees representing these nations. Even if there were a few dozen users from these countries, it does not count people in numbers. What people expect from a Crypto Exchange these days: Block all wallets associated with Russia; prohibit the registration of new users who are citizens of Russia; block or freeze the accounts of the wealthy Russians. First of all, what is happening in Ukraine and other countries retracted in the war is absolutely unacceptable for the MaskEX team. The staff believes in a future where an individual is an ultimate value, and one of the main components leading to this world is Crypto. So it is unbearable that innocent people's lives are interrupted, homes are destroyed, dreams devastated. The global misery that wars bring is humanity's greatest sin and shame that won't be redeemed ever. Then C... read More



EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Altern...

    European Parliament's economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) framework Monday. The proposal includes a de-facto ban on proof-of-work, a last-minute addition to the bill. According to Patrick Hansen, head of strategy at Unstoppable Finance, the committee has voted against the proposed proof-of-work (POW) ban. He explained in a series of tweets Monday: The ECON committee of the EU Parliament just voted against the de-facto POW-ban … Big relief & political success for the bitcoin & crypto community in the EU. Overall, 23 voted in favor of the POW ban amendment, 30 voted against, and six abstained, he added. Unstoppable Finance tweeted: 'We are relieved that the Parliament voted against the ban of proof-of-work-based assets for EU companies.' Prior to the vote, lawyer Jake Chervinsky noted that MiCA's POW ban looks like 'a pretext for a bitcoin ban.' He warned: 'Make no mistake: if they manage to ban POW, they'll come for POS [proof-of-stake] next, & every other Sybil resistance mechanism after that.' Alternative Amendment on Crypto Assets Supported Hansen added that an alternative amendment from European Parliament member Stefan Be... read More



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