Category: Latest news

[ad_1] Polygon Labs, the developer of leading Ethereum Layer 2 scaling solution Polygon, has announced the rollout of Polygon 2.0, a significant upgrade designed to establish the network as the “value layer of the internet.” “Value Layer” Polygon 2.0 substantially builds upon the L2 chain’s existing network. Unlike the current version—effectively a Layer 2 sidechain…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Australian payments fintech Novatti Group Limited has expanded its Australian dollar-backed stablecoin AUDD to XRP Ledger, according to a press release shared with CryptoSlate. AUDD, which was first launched in November 2022 on the Stellar blockchain, will be available for 1.1 swaps with AUD via XRP Ledger, as per the statement. The expansion means…

[ad_1] Bankrupt lending platform BlockFi said in a June 12 email that it must perform updates before it begins to distribute funds to users. Upgrades coming in summer BlockFi said that a June 9 court order determined that users own the assets in their wallet accounts and that the company can allow certain withdrawals. However,…

[ad_1] Circle CEO Jeremy Allaire published a blog post on June 12 featuring testimony that he plans to present to Congress regarding draft stablecoin regulation. Those comments pertain to the hearing scheduled for June 13 titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.: Allaire said his prepared remarks: “The stablecoin…

[ad_1] A Chinese bank has issued tokenized notes on the Ethereum blockchain in collaboration with UBS Group, the latter firm said on June 12. Aurelian Troendle, Global Head of MTN Trading at UBS AG, said: “We are pleased to work with BOCI on this transaction to bring structured products onto a public blockchain network, supporting…

[ad_1] U.S. lawmakers Warren Davidson and Tom Emmer introduced a bill on June 12 to restructure the U.S. Securities and Exchange Commission and remove its chairman, Gary Gensler. In a June 12 statement, the lawmakers stated that the bill, tagged “the SEC Stabilization Act,” would change the financial regulator’s current structure, ensuring its priorities protect…

[ad_1] As the cryptocurrency industry faces regulatory headwinds, lawmakers in the United States and the United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The U.K. Parliament will debate the findings…

[ad_1] Bitcoin (BTC) is trading at a premium of over 1% on Binance.US as the exchange’s USD trading volume has dropped to new lows after the U.S. SEC’s lawsuit, according to CryptoCompare data. CryptoCompare data indicates that BTC was trading above $26,000 on Binance.US, surpassing the prices of major rivals like Kraken and Coinbase with…

[ad_1] Quick Take Liz Ann Sonders, the chief investment strategist at Charles Schwab, pointed out that the unemployment rate in the U.S. is below 4%, the longest period under that level since the 1970s. The unemployment rate is currently 3.7%, up from 3.4% in May. The unemployment rate is continuing to increase due to rising…