Author: Coindesk
Those eye-watering totals vaulted MOTHER into the upper echelons of Solana’s fast-growing meme coin sector. These days anyone can, in minutes, create a token lampooning anything. Here, the someone is Australian rapper Iggy Azalea, and the something is, well, a photo of her backside. Read the full article here
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Bitcoin (BTC) has revolutionized the financial world with its decentralized, secure and transparent nature. Although it was the first cryptocurrency, Ethereum (ETH) pioneered the development of the entire decentralized finance, or DeFi, ecosystem. Now, Bitcoin is following suit, ushering in an era of development within its own ecosystem. As Bitcoin’s popularity surged, so did the challenges related to its scalability and transaction speed. To address these issues, the Bitcoin community has developed various layer-2 blockchains, or L2s, which enhance the network’s efficiency and functionality without altering Bitcoin’s software itself. This article delves into the concept of Bitcoin layer 2s, exploring…
Seyffart also believes that Ark made the decision based on the low fees. “It’s possible that the partnership made a ton of sense, particularly with the demand for bitcoin ETFs,” he said. “But after the fees got so low right off the bat, there might simply not have been enough money from fees to go around for both firms, particularly on an Ethereum ETF if they are expecting less demand versus bitcoin ETFs.” Read the full article here
“McKinsey estimated that by 2030 the metaverse could add $5 trillion to the global economy,” Yat Siu, co-founder of Animoca Brands, said. “Today, games like Minecraft and Roblox are some of the most popular titles in the world, but they do not provide their users with digital property rights. The Sandbox represents the evolution of UGC games for the age of digital ownership.” Read the full article here
The Central Bank Digital Currency (CBDC) Anti-Surveillance State Act is an attempt to block a U.S. CBDC and prevents Federal Reserve banks from offering certain products to consumers and from using a central bank digital currency for monetary policy, the report added. The House passed the bill banning the Federal Reserve from issuing a CBDC last month, however, its prospects in the Senate are unclear. Read the full article here
“Following an extensive review of the rigorous controls and processes that Binance put into place, Mastercard made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said via email. “We look forward to adding support for further products, such as withdrawals, at a later date.” Read the full article here
“I am sticking with my end-2024 $150K and end-2025 $200K forecasts for BTC,” Standard Chartered’s forex and digital assets research head Geoffrey Kendrick said in a Thursday note shared with CoinDesk. “Before then, if tomorrow’s payrolls data are friendly I would expect a fresh all-time-high to be reached over the weekend.” Read the full article here
The election for new members of the European Parliament starts June 6, with results expected on June 9. The more than 700 MEPs shape and decide on new laws, and will be voted in as the EU’s landmark Markets in Crypto Assets legislation starts coming into effect. Read the full article here
Web3 cybersecurity company GoPlus has raised $10 million in a private financing round with participation from a host of heavyweight crypto investors including OKX Ventures, HashKey Capital and Animoca Brands, according to an emailed announcement shared with CoinDesk on Wednesday. Read the full article here