Key Takeaways Avalanche has submitted a proposal to the ApeCoin DAO offering to help it move its Otherside Metaverse on its own custom Subnet. According to Avalanche, moving Otherside to an Avalanche Subnet would allow the project to scale and give APE token greater utility. Many community members have opposed the proposal, suggesting that ApeCoin […]
Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country. In its recommendation, SEBI said it could monitor crypto securities, oversee initial […]
The Drift Foundation, responsible for the Solana-based decentralized exchange (DEX) Drift, announced the DRIFT token launch and airdrop. This significant event includes distributing 120 million DRIFT tokens, representing about 12% of the total supply. 120 Million Token Airdrop on Solana The airdrop, which commenced on May 16, introduced a unique 2% bonus component, equivalent to […]
Sweden’s online gambling sector to hit €2bn/yr by 2027, driven by growing adoption of cryptocurrencies Riksbank is wary of crypto’s role despite market growth Cryptocurrencies are increasingly popular in Swedish online gambling sites The online gambling sector in Sweden is poised for significant growth in the coming years, with projections indicating revenue reaching €2 billion […]
CryptoPunks recently announced a new 500-piece digital avatar collection, ‘Super Punk World’, hand-curated by the NFT project’s first-ever “PUNK in Residence”, Nina Chanel Abney. From May 18 to October 5, Abney’s version of the celebrated Punks will be showcased in her art exhibition—‘LIE DOGGO’—at The School | Jack Shainman Gallery in Kinderhook, New York. The “Super Punks” collection draws inspiration from […]
Dogecoin seems to have flipped into a bullish momentum, at least in the short term, prompting analysts to predict bullish outlooks in the short term. Particularly, DOGE is up by 7% in the past 24 hours and is still on a 14% increase in the past 3 days. Current price action shows the cryptocurrency is […]
60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn a key Securities and Exchange Commission (SEC) rule that barred regulated financial firms from holding Bitcoin and other cryptocurrencies. The […]
Share this article The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, has completed a pilot project called Smart NAV in collaboration with blockchain oracle Chainlink (LINK). Major financial institutions from the US also participated in the pilot. According to a report published by DTCC, the pilot was initiated to establish […]
Key Takeaways Jack Dorsey’s TBD has announced that it will build a decentralized web platform on top of Bitcoin called Web5. Whereas Ethereum and Web3 have focused on tokenization, Web5 will largely focus on identity management. Dorsey said he believes that Web5 will be his team’s most significant contribution to the Internet. Share this article […]
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by harnessing excess energy from its facilities, according to its first-quarter earnings call. However, crypto environmentalist Daniel Batten argues that the firm’s pivot to BTC mining could harm the “environmental narrative” around the flagship digital asset. […]
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