The EU’s Markets in Crypto-Assets Regulation (MiCA) introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers. Source: https://cointelegraph.com/news/mica-laws-crypto-europe-impact
Month: June 2024
Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s Fee Market Struggles to Match Network’s […] Source: https://news.bitcoin.com/despite-fee-reduction-bitcoin-network-faces-stubborn-transaction-backlog/
Full decentralization will happen in a few years — Layer-2 rollup teams
Several layer-2 rollup teams, including those for Linea, zkSync, Arbitrum and Optimism, claimed that full decentralization is coming soon. Source: https://cointelegraph.com/news/decentralization-layer-2-rollup-ethereum
Why Coinbase Is Suing the SEC and FDIC Over Public Records
Publicly traded crypto exchange Coinbase, in connection with History Associates Incorporated, has filed two civil lawsuits against the Securities and Exchange Commission and Federal Deposit Insurance Corporation for their failure to comply with FOIA requests. The Freedom of Information Act, or FOIA, grants the full or partial disclosure of previously unreleased information that’s controlled by the U.S. government. Generally speaking,…
Mr. Black’s 21,000-Piece Ordinal Collection: The Key to the Messianic Age?
PRESS RELEASE. The enigmatic artist Mr. Black, known for his cryptic street art and truck displays, is about to unveil a groundbreaking 21,000-piece ordinal art collection on the Bitcoin blockchain. This ambitious project includes 777 distinct attributes and 120 exclusive 1-of-1 pieces, but the most intriguing aspect is Mr. Black’s bold claim: the Messianic Age […] Source: https://news.bitcoin.com/mr-blacks-21000-piece-ordinal-collection-the-key-to-the-messianic-age/
Ethereum LSD solution Puffer Finance moves to base rollups after raising $18M
The protocol is currently focused on bridging the liquidity gaps between different Ethereum layer-solutions. Source: https://cointelegraph.com/news/ethereum-lsd-solution-puffer-finance-moves-to-base-rollups
Coinbase sues SEC and FDIC over FOIA requests
Coinbase’s lawsuits target the SEC and FDIC for alleged non-compliance with FOIA requests regarding Ethereum’s PoS transition. Source: https://cointelegraph.com/news/coinbase-sues-sec-fdic-foia-requests
Dfinity announces new ICP-powered platform to tackle cybersecurity
The Dfinity Foundation’s new platform, Utopia, promises enhanced security and sovereignty for government and enterprise cloud infrastructures. Source: https://cointelegraph.com/news/dfinity-icp-powered-cybersecurity-platform-launch
Banking Giant Santander to Offer Cryptocurrency Trading Services in Brazil
Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and will gradually extend it to more users in the future. With this move, Santander joins Nubank and Itau Unibanco, […] Source: https://news.bitcoin.com/banking-giant-santander-to-offer-cryptocurrency-trading-services-in-brazil/
This Worldcoin Competitor Is Using ZK Proofs to Preserve Anonymity
Rarimo has launched RariMe, a Worldcoin competitor that uses zero-knowledge (ZK) proofs to preserve the anonymity of its users. Described as a self-custody identity wallet, Rarimo says it unlocks private but verifiable identities. While Worldcoin makes use of specially-created technology called The Orb to scan users’ eyeballs to create a unique identifier, the RariMe app simply scans a user’s passport…