Circle has announced the launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. The existing Ethereum-based token that’s been bridged to Arbitrum will be replaced by the new native token. The official version of USDC will be recognised within the Arbitrum ecosystem and will ultimately replace the currently
The cryptocurrency market experienced a downturn in May, with Bitcoin (BTC) posting its worst performance since November 2022, dropping 7.37%, and Ethereum (ETH) losing 0.22%. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the
On May 31, Binance announced its plan to delist certain privacy coins, including Secret (SCRT), Zcash (ZEC), and Dash (DASH), for users in unspecified jurisdictions on June 26. The exchange stated that the decision was made to comply with local laws and regulations regarding the trading of these coins. Response from Privacy Coin Projects However,
DeeLance is a revolutionary web3 freelancing and remote work metaverse platform that could be the next cryptocurrency to explode. It is a decentralized version of Fiverr and Upwork and is building an innovative, crypto and NFT-powered metaverse that unites freelancers and employers and promises to transform remote working forever, as well as the $761 billion-dollar
Binance, the world’s largest cryptocurrency exchange, has confirmed that it is “reevaluating” its talent base following reports of layoffs. This comes as a stark contrast to the company’s position of strength last year when it continued to expand during the bear market. Reports of Layoffs Reports of layoffs at Binance first emerged on Wednesday when
Non-fungible tokens (NFTs) have taken the art world by storm, with two-dimensional artworks like images, music, and videos dominating the scene. However, the rise of immersive technologies like augmented reality (AR) and virtual reality (VR) has opened up a whole new world of possibilities for NFTs. Immersive NFTs bring a new level of interaction and
Binance, a popular cryptocurrency exchange, recently announced its decision to withdraw from the Canadian market. Changpeng Zhao, the CEO of Binance (also known as CZ), explained that the regulatory requirements in Canada made it unfeasible to continue operating in the country. The exchange cited new regulatory guidance on stablecoins and investor limits as the reasons
A federal court has ruled that the Internal Revenue Service (IRS) has the legal authority to access Coinbase users’ trading data via a “John Doe” summons, and doing so is not a violation of constitutional rights. The court made the ruling in a case filed by James Harper against the IRS in 2020. Harper had
Gemini, the crypto exchange led by the Winklevoss twins, has started the process of acquiring a crypto license to serve customers in the United Arab Emirates (UAE). The move is part of Gemini’s global expansion plans, and the exchange has revealed that it is engaging with stakeholders throughout the region to learn more about local
On June 1, a proposal to introduce protocol fees for Uniswap decentralized exchange was voted down, according to the proposal’s official webpage. The outcome of the vote meant that liquidity providers (LPs) could continue earning all revenue from swaps. The proposal failed narrowly, with 45.32% of votes going to the “no fee” camp, and 42.34%
