Daily Crypto NewsEDITION #310, 27 May 2022

Gem City burns shitcoins

Hey Moni Maker 👾

The Gem City DAO announced today that they will be burning all the city's shitcoins. The burning will begin at 4pm Gem City time.

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MINT Rektguy

1) https://rift.finance/

OK, look, today's about NEAR. metapool.near is a liquid solution for the $NEAR staking. This project distributes your staking to different validators, i.e.:

a) the metapool makes the staked NEAR liquid 

b) make the NEAR network more resistant to censorship 

c) it's harder not to get the rewards or get them with a delay because there are multiple validators! 

Oh, and traditionally, perks for liquidity providers and so on. 

The guys have recently launched on Aurora; click here

Read more: about stNEAR tokens and the platform itself - DYOR here

ConsenSys, a leading Ethereum developer, has announced that Infura now supports NEAR. And they have a partnership in general! 

So... MetaMask will now support the NEAR blockchain, the first non-EVM compliant blockchain among those already supported, allowing it to take a step towards becoming a key hub in the multichain ecosystem.

The benefits of such a collaboration? And now, Infura developers will have access to a carbon-neutral ecosystem, which is very relevant right now. And the NEAR community will get to interact with 430,000 Infura developers. Cool!   

Yes, Terra could be the subject of a book or a TV series, with news coming out every day. Well! The Terra developers got permission to burn 1.3 billion USTs, which are now in the community pool. Btw, it is as much as 11% of the current UST pool.    

The community has almost unanimously approved the proposal, and this is how it will go: 

- First, about 1 billion USTs from the pool will be burned. 

- Then, the team will return 370 million UST to Terra from Ethereum and destroy them too 

And then today, we wait for LUNA 2.0, as written here.  

In his tweet, Brian Armstrong has bullied the Reserve Bank of India (RBI), claiming that they interfered with the Coinbase India branch and generally put pressure. What happened and why the outcry? Let's get to the bottom of it.   

Coinbase recently added the ability for its Indian users to buy crypto through UPI (which is such an Indian quick payment system). But three days after the launch, the feature had to be cut off because UPI's management office said: "We don't know anything about any crypto, so shut it down."

Despite the disappointing start, Brian isn't giving up hope and hopes to make Indian crypto cats happy again soon with bitcoins for rupees.

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