News
Bitcoin Ordinals Unveils Upgrade To Address ‘Cursed Inscriptions’ Problem
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 […]
Crypto Tsar: UK Parliament’s Report On Crypto Regulation
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 […]
MUFG Takes a Leap: Bank-Backed Stablecoins Set to Transform Blockchain Finance
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. […]
Ripple Lawsuit: Pro-XRP Attorney Predicts SEC Victory Slim At Less than 3%
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 […]
Proposed Bill Targets SEC To Bring Crypto Regulatory Clarity For US Lawmakers
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 […]
Crypto Assets Worth $35M Allegedly Stolen In Atomic Wallet Hack
Atomic Wallet, a well-known crypto wallet, was said to have been the victim of a massive security breach, with over $35 million in digital assets taken. On June 4, 2023, BleepingComputer revealed this troubling news. Atomic Wallet is a digital currency wallet that runs on Windows, Android, iOS, macOS, and Linux. However, because of concerns about extensive […]
Circle To Launch Native USDC On Arbitrum Network
Circle, the globally recognized financial technology firm, recently made a significant announcement regarding its stablecoin, USD Coin (USDC). They revealed plans to launch a native version of USDC on the Arbitrum network, scheduled for June 8, 2023. This major development has a big impact. It replaces the current Ethereum-bridged USDC version with a native one. […]
Ethereum ($ETH) Experiences Unprecedented Decrease In Exchange Supply
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 […]
Fantom’s Innovative Approach: Paying Developers for Gas Fees
In an unprecedented move, the Fantom Opera network team unveiled their groundbreaking initiative on May 31. Aptly named the “Gas Monetization Program,” this program aims to compensate developers for the gas fees incurred by users of their applications. Under this program, eligible developers stand to earn a handsome 15% of the total gas fees generated by their […]