Bitcoin.com monthly recap for May 2023

Here are the top news and announcements from Bitcoin.com for the month of May 2023.

🗞️ News recap

The top stories for each week of May 2023 from Bitcoin.com News.

May 7

Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts

May 14

Musk on 'Massive Incentive' to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases

May 21

Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers

May 28

'Weaponization Project of the Dollar': Asian Countries Talk De-Dollarization; Jim Rogers Says USD's Time 'Coming to an End'

📖🧐 Educational article of the month: What is the difference between Bitcoin and Ethereum?

Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. They are both based on blockchain technology, but they have some key differences. In this article we explore those differences. Read the article in our Learning Center here.

🏦 Kucoin lists VERSE

Bitcoin.com’s ecosystem token VERSE has been listed on Kucoin, a top-tier cryptocurrency exchange platform known for being the home of crypto gems. This first exchange listing marks an important step for VERSE by extending its reach and accessibility to millions of users worldwide, further enhancing its prominence in the crypto ecosystem.

One out of four crypto holders worldwide trade on Kucoin and its 27 million registered users across 207 countries and regions demonstrate its widespread popularity and credibility.

In celebration of the VERSE listing, Kucoin is hosting a VERSE trading contest with a lucrative $40,000 prize pool. Get started by registering here.

💸 $10,000 Verse Staking contest ramps up

The Stake-to-Win contest, which started on April 26th, is seeing robust participation from Verse community members. The willingness of community members to go the extra mile in assisting their peers in commendable. Many have jumped into our Telegram channel to answer questions and guide newcomers on how to join, truly embodying the spirit of cooperation and learning within the Verse community. This collaborative approach reinforces the strength of our community and showcases the exciting potential of Verse.

Contest prizes

• 🥇Grand prize: $7,000
• 🥈Two prizes of $500 each
• 🥉Ten prizes of $100 each
• 🎁Twenty prizes of $50 each

Eligibility

There are two ways to enter:

1. Stake at least $50 worth of Bitcoin.com’s official token VERSE on our decentralized exchange Verse DEX here. For every day you stake, you will receive one entry. For example, if you stake for 30 days, you will earn 30 entries.
2. Retweet the contest announcement and reply with your Ethereum address for one entry.

Get complete details here.

🎉 40 million wallets created milestone

May marked a milestone in the growth and adoption of cryptocurrency: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since our launch in June 2017, we’ve seen a rapid rise in user adoption that reflects the broader acceptance of cryptocurrency around the world.

🔥🔥 2nd VERSE token buyback and burn

Just six weeks after burning more than 4% of the circulating supply of VERSE token, Bitcoin.com completed its second buyback and burn, removing 250 million VERSE forever. This equates to 2.4% of the circulating supply and 0.119% of the total supply of Bitcoin.com’s ecosystem token. For more exciting details go here.

⛓️ Chainlink hackathon sponsorship

Bitcoin.com and Verse are contributing $15,000 to the Chainlink Spring ’23 Hackathon prize pool! Sign up today to secure your spot.

The hackathon is a 6-week online event where you can win from a $450K prize pool. By entering, you’ll get access to formal educational resources and world-class workshops hosted by experienced developers in the Web3 space. This is a great opportunity for beginners to meet like-minded developers, deploy their first blockchain application, and grow as newcomers in the space.

Prizes will be awarded in VERSE to the top creative projects that utilize Verse token and/or Verse Dex (third party enhancements) in conjunction with Chainlink APIs:

Projects can include, but are not limited to the following ideas:

1. Developer Tooling: Build an open source developer toolkit / SDK.
2. dApps/integration: blockchain APIs for Verse DEX (across multiple LPs, aggregators, trading volumes etc), multi-chain swaps (utilizing Verse Pools), yield strategies across digital and RWA (real world assets).
3. Usability and Community: TG/Twitter/Discord tipping bots, raffle/mystery box implementations, GameFi projects.

Fore more information, check out the link below:

🔗 https://chn.lk/3M0qQqo 🗓 28 Apr — 9 June 💰 $450K+ Prizes

💯 100 partnerships

Bitcoin.com’s ecosystem token VERSE has crossed the 100-partnership mark in 2023. VERSE, a token that rewards users for interacting with Bitcoin.com's services, was born out of a vision to provide access to decentralized finance (DeFi) for everyone in the world. Through these partnerships we've built a thriving ecosystem that boosts the visibility and utility of VERSE, supercharging Bitcoin.com in its mission to create economic freedom. These partnerships include DEX aggregators, analytical tools, wallets, payments, on-ramps, and auto-compounding.

Read the full details here.

🗓️ Reminder: #VerseFridays

In the last #VerseFriday, on May 26th, we gave away over $300. Check out this entry from @Galaxcereal in the #VerseCreate contest:

Follow Verse Community Leader Lord DeFi on Twitter @LordDeFi and join the Verse Telegram community here to be notified of #VerseFridays, where there are games and multiple chances to win prizes.