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Polkadot is gaining popularity as a cryptocurrency that se­eks to offer more than just be­ing a digital coin like Bitcoin or Ethereum. It’s re­ferred to as DOT, and it has the pote­ntial to create boundless opportunitie­s in the world of decentralize­d systems.  Essentially, Polkadot serve­s as an innovative network that connects diffe­rent blockchains allowing them […]

The creators of the Bitcoin Ordinals protocol have introduced a much-anticipated upgrade in a significant development. This upgrade aims to address the longstanding issue of “cursed inscriptions.” This upgrade aims to rectify over 71,000 invalid inscriptions, allowing them to be traded freely within the Bitcoin community. The move relieves many users who could not capitalize […]

The UK Parliame­nt’s Crypto and Digital Assets All Party Parliamentary Group (APPG) re­cently published a report to suggest 53 regulatory re­commendations to the governme­nt regarding the crypto and digital asset industry. The report is based on an official inquiry into the sector, which involved evidence sessions with industry experts, regulators, government officials, academics, and consumer […]

In a significant development for the blockchain industry, MUFG, Japan’s largest bank, has revealed its plans to issue native bank-backed stablecoins on various public blockchains. The announcement on June 2nd emphasizes MUFG’s adoption of its Progmat Coin solution. This solution enables the bank to issue stablecoins on various platforms, including Ethereum, Avalanche, Cosmos, and Polygon. […]

Pro-XRP lawyer John Deaton believes there is less than a 3% chance of the United States (SEC) scoring an outright win against Ripple. The long-running lawsuit nears its end. According to Attorney John Deaton, there is a 25% probability of Ripple achieving a complete victory over the Securities and Exchange Commission. This coincides with circulating […]

U.S. lawmakers have unveiled a draft bill to provide regulatory clarity for the crypto industry. The bill has the potential to label certain crypto assets as digital commodities. The United States House Financial Services Committee and the House Agriculture Committee issued the proposed legislation. It wants to create a functional framework to answer the concerns […]

Atomic Wallet, a well-known crypto wallet, was said to have been the victim of a massive security breach, with over $35 million in digital assets taken. On June 4, 2023, BleepingComputer revealed this troubling news. Atomic Wallet is a digital currency wallet that runs on Windows, Android, iOS, macOS, and Linux. However, because of concerns about extensive […]

Circle, the globally recognized financial technology firm, recently made a significant announcement regarding its stablecoin, USD Coin (USDC). They revealed plans to launch a native version of USDC on the Arbitrum network, scheduled for June 8, 2023. This major development has a big impact. It replaces the current Ethereum-bridged USDC version with a native one. […]

Ethereum, the second-biggest market-value cryptocurrency, is witnessing a significant dynamic shift. The supply of Ethereum on exchanges has reached an unprecedented low of 9.9%. This trend reflects a growing interest and trust in self-custody within the crypto community. According to Santiment, Ethereum’s migration to self-custody carries significant implications. Individuals secure their private keys, moving away […]