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Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for validators to monitor the performance of these transactions before scaling them at a subsequent phase. … Read more
The conclusion of the token distribution phase for Polygon’s cryptocurrency, MATIC, marks a significant milestone and potentially signals the beginning of a new phase of growth for the asset. Today, approximately 273 million MATIC tokens, valued at around US$253 million, were transferred from the Matic vesting contract to the Matic Foundation address, effectively completing Matic’s … Read more
In the dynamic landscape of cryptocurrency investments, DWF Labs, a prominent market maker, remains active not only in making purchases but also in selling altcoins for profits. Recent reports from spotonchain shed light on DWF Labs’ latest transactions involving two distinct altcoins transferred to the leading cryptocurrency exchange Binance: – 329M JASMY ($4.88M) at $0.01483 … Read more
Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval … Read more
Bitcoin proponent Max Keiser has warned of potential government seizure of bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a stark warning about a looming 1987-style crash, while simultaneously predicting that the bitcoin’s price will surge past $500,000. Max Keiser’s Crash and Bitcoin Seizure Warnings Bitcoin advocate Max Keiser expressed concerns about spot … Read more
The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by … Read more
On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $100 million investment from A16z Crypto. This substantial funding comes after the project’s $50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $100M from A16z Crypto Eigen Labs has secured a $100 million investment from … Read more
According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity. Privacy Takes Center Stage … Read more
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, … Read more
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing … Read more