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ZkSync defends Sybil measures as Binance offers own ZK token airdrop
17.6.2024
ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
17.6.2024
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities...
Ethereum scaling ecosystem’s combined TPS hits new all-time high
17.6.2024
Over 41% of those transactions took place on Xai, a new Ethereum layer-3 scaling solution focused on gaming applications
Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
17.6.2024
Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives...
Stablecoins would help US keep up with China: Former House speaker
17.6.2024
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed
Stablecoins would help US keep up with China: Former House speaker
17.6.2024
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed
Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects
17.6.2024
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their...
SEC shoots down Ripple’s argument for a lower penalty
17.6.2024
The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs
Solana sandwich bot makes $30M from MEV arbitrage in 2 months
17.6.2024
MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
17.6.2024
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized...
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
17.6.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether...
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
17.6.2024
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing...
Bitcoin uses more renewable energy, but will Tesla accept it again?
16.6.2024
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased
Crypto Sector Secures $317M in Venture Capital Deals in Early June
16.6.2024
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather...
Gary Gensler could ‘literally cost Joe Biden the election’ — Mark Cuban
16.6.2024
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency
The State of Crypto Merchant Adoption in 2024
16.6.2024
Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is no longer a fringe concept but a rapidly growing...
Salvadoran Government Introduces Bitcoin Banking Law Reform
16.6.2024
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin...
Crypto startup funding eclipses $100B
16.6.2024
The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
16.6.2024
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...
Openai Reportedly Mulling For-Profit Shift
16.6.2024
Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out of the picture, given that it would not have...