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  • Writer's pictureyaro360

Top Crypto, Bitcoin and BTC news of 5-06-2023

Sure, here are some of the top latest crypto and web3 news for your blog:

* **Bitcoin's Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High.** The average transaction fee on the Bitcoin network has surged to over $7, its highest level in nearly two years. The surge in fees comes as the price of Bitcoin has been on a tear, reaching a new all-time high of over $68,000 earlier this week. The high fees are making it more expensive to use Bitcoin for everyday transactions, such as buying goods and services.

* **Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup Starknet.** Alchemy, a blockchain developer platform, has announced public support for ZK rollup Starknet. ZK rollups are a type of Layer 2 scaling solution that use zero-knowledge proofs to compress data and reduce transaction fees. Alchemy's support for Starknet will make it easier for developers to build and deploy decentralized applications (DApps) on the platform.

* **Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust.** Optimism, a Layer 2 scaling solution for Ethereum, has announced that it will be using the Ethereum attestation service to promote user trust. The Ethereum attestation service is a new service that allows users to verify that their transactions have been processed correctly on Ethereum. Optimism's use of the service will help to ensure that users can trust that their transactions are being processed securely and accurately.

* **Arbitrum-Based Exchange Chronos Attracts $170M to Yield Pools in a Single Day.** Chronos, an Arbitrum-based exchange, has attracted over $170 million to its yield pools in a single day. The influx of capital comes as the DeFi space is experiencing a boom in activity. Chronos' yield pools offer users high interest rates on their crypto assets, which is attracting investors from all over the world.

* **North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State.** The North Carolina House of Representatives has unanimously voted to ban digital dollar payments to the state. The bill, which was sponsored by Representative John Szoka, would prohibit the state from accepting payments in digital dollars, which are a type of central bank digital currency (CBDC). The bill is now headed to the North Carolina Senate for consideration.

* **Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy.** The Nigerian government has approved a national policy to create a "blockchain-powered" economy. The policy, which was approved by the Federal Executive Council, outlines a roadmap for the development of the blockchain industry in Nigeria. The policy aims to make Nigeria a global leader in the blockchain space and create jobs for millions of Nigerians.

* **Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board.** The Texas Securities Board has issued a cease-and-desist order to the developers of an AI-based crypto token that uses Elon Musk's image. The token, called "ElonDoge," was being marketed as a way to invest in Elon Musk's future projects. However, the Texas Securities Board found that the token was not registered with the state and that the developers were making false and misleading statements about the token.

* **U.S. SEC Changes Its Mind on Officially Labeling Digital Assets.** The U.S. Securities and Exchange Commission (SEC) has changed its mind on officially labeling digital assets. In a recent speech, SEC Chairman Gary Gensler said that the agency would no longer refer to digital assets as "securities." Gensler said that the SEC would instead use a more nuanced approach to classifying digital assets, taking into account their specific characteristics.

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