A group of thirty Canadian lawmakers has published a report endorsing cryptocurrencies and blockchain technology, with 16 recommendations for the country’s government to create a national strategy on the matter. Titled Blockchain Technology: Cryptocurrencies and Beyond, the report starts off recommending the national government “recognize blockchain as an emerging technology in Canada, with significant long-term economic and job creation opportunities.”…
According to the protocol’s closing schedule, part of the operations will cease on July 19, while the withdrawal period ends on Aug. 26. Source: https://cointelegraph.com/app/public/index.php/news/solana-cardinal-shuts-down-citing-economic-conditions
Rumble Racing Star Game Preview: Is This Mario Kart With NFTs? Decrypt’s Kate Irwin shares a first look at Delabs’ upcoming lawn mower racing game Rumble Racing Star, which offers a large cast of quirky characters pulled from the worlds of Bored Ape Yacht Club, Pudgy Penguins, and more. Source: https://decrypt.co/videos/explainers/lXVkuaeq/rumble-racing-star-game-preview-is-this-mario-kart-with-nfts
Polygon Labs is moving ahead with plans to reinvent its entire architecture as part of its goal to become the “value layer of the Internet.” Polygon 2.0 will have a fundamentally different architecture that makes it easier and more seamless to spin up new chains in the Polygon ecosystem. Polygon itself is an Ethereum layer two. It was designed to address…
Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the Solana network by offering protocols and software development kits…
Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a hefty retroactive fine for every time you passed the spot where the…
Candy Digital and Palm NFT Studio have merged in a combination of leading licensed digital collectible providers in sports and entertainment, the companies announced today. The firm will continue under the Candy Digital name. Candy’s incumbent CEO Scott Lawin will remain in the same role, while Palm NFT Studio co-founder and CEO Daniel Heyman will join as president of the…
Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29 while traders waited for bulls to succeed. BTC/USD 1-hour chart. Source: TradingView BTC price “primed to launch” Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave its short-timeframe trading range. Now caught between and $30,000 and $31,000, BTC/USD lacked impetus to continue the…
In May 2023, the European Union signed its landmark Markets in Crypto-Assets legislation into law. Crypto businesses operating in the EU now have a fixed timeline to comply with MiCA’s wide-ranging guidance and regulations, which address everything from defining a crypto asset to establishing reserve requirements for stablecoins. While MiCA is impacting crypto at a challenging time, many insiders welcome…
June 29, 2023 | Asset Listings Kraken now supports the deposits and withdrawals of TrueUSD (TUSD) on the Tron Network! Tron is a blockchain platform where developers can deploy their own decentralized applications (dApps). Tron is powered by delegated proof-of-stake (DPoS), a system that’s considered highly democratic and inclusive for selecting block producers. The company’s vision is to create a…
