Due to rising competition caused by the issuance of new tokens, the total quantity of stablecoins linked to the US dollar seems to be heading back up towards its previous all-time high. The Block Data Dashboard reports that the total supply of USD-pegged stablecoins reached $165 billion at the end
April 23, 2024 1 min read
The formation of PRAGMA, a new non-profit association committed to supporting open-source blockchain software initiatives, has been announced by the Cardano Foundation. This in conjunction with four more organizations: Blink Labs, dcSpark, Sundae Labs, and TxPipe. The announcement was made by Renagh Moone, the Global Communications Director, in a post.
April 22, 2024 1 min read
Vitalik Buterin, co-founder of Ethereum, has voiced concerns that the execution of new programs inside Section 702 would impact privacy and the crypto community generally, and has therefore criticized the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA). The reintroduction of laws allowing the United States government
April 21, 2024 1 min read
A proposed new tax form, Form 1099-DA “Digital Asset Proceeds from Broker Transactions,” for reporting digital asset transaction profits has been made public by the United States Internal Revenue Service (IRS), the nation’s tax agency. The form is anticipated to be implemented in 2025 with reporting scheduled for 2026. Feedback
April 21, 2024 2 mins read
In a recent announcement, Frederik Gregaard, CEO of the Cardano Foundation, revealed Cardano’s interim constitution. As far as the Cardano community is concerned, this is a huge step towards decentralization of governance. Transparency, accountability, and responsible management are some of the fundamental values that will be included in the interim
April 19, 2024 2 mins read
The world’s biggest cryptocurrency exchange by trading volume, Binance, the leading global blockchain ecosystem, announced the launch of ‘Megadrop’ today. Transparent incentives are offered to qualified participants on this groundbreaking token launch platform. Megadrop, which is now available on the global exchange, is a further demonstration of Binance’s commitment to leading the
April 18, 2024 2 mins read
Legislation outlining a legal framework for payment stablecoins has been introduced by US Senators Kirsten Gillibrand and Cynthia Lummis. The Lummis-Gillibrand Payment Stablecoin Act, which the two senators announced on April 17, had been in the works for some months and was scheduled to be unveiled in 2024. Prohibiting “unbacked,
April 18, 2024 2 mins read
FLock.io, a community-driven platform that makes it easier to create decentralized AI models on-chain, has announced a collaboration with io.net to provide decentralized computing to FLock. By tackling the issues associated with centralized data storage and laying the groundwork for a day when AI will be used to improve human
April 17, 2024 1 min read
According to a recent report from Bybit, one of the top three cryptocurrency exchanges in the world based on volume, there are just nine months of Bitcoin supply remaining on exchanges. This is because there will soon be a 50% reduction in Bitcoin supply, due to the impending halving. Moreover, the
April 17, 2024 2 mins read
Leading European educational institutions are collaborating with Binance Academy, the crypto learning hub of Binance, to provide university-accredited courses. The courses will provide individuals with a better grasp of blockchain technology and digital assets by delving into important subjects and disciplines within the ever-evolving Web3 ecosystem. Binance Academy hopes to increase
April 16, 2024 2 mins read