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,
A System and Organization Controls (SOC) 2 Type 2 audit has been successfully completed by USDC issuer Circle. An indication of how seriously Circle takes the security of its clients’ data is the fact that it has undergone an audit in accordance with the guidelines set forth by the American
Ethereum (ETH) experienced a temporary dip below the $3,000 mark in escalating tensions in the Israel-Iran conflict. However, demonstrating remarkable resilience, the price of ETH has surged back, surpassing the $3,150 level at the time of reporting. This resurgence has been fueled by strategic moves from whales, who have been
It seems that Vitalik Buterin, co-founder of Ethereum (ETH), and Mihailo Bjelic, co-founder of Polygon (MATIC), are arguing over whether or not Verkle Trees should be available on Ethereum. Bjelic appears to be opposed to the notion. Their argument on X platform raises questions about Ethereum and its data storage
The cryptocurrency market experienced a notable downturn over the past 24 hours, marking a stark departure from the bullish trajectory witnessed throughout much of 2024. Bitcoin (BTC), the largest cryptocurrency by market cap, plummeted to a low of $65,254, marking a considerable drop from its recent high of $70,952. Similarly,
Finding profitable prospects in the realm of cryptocurrency investing necessitates having a forward-thinking mindset and a deep comprehension of market dynamics. The forecasts and analyses of seasoned experts carry a lot of weight for investors looking for direction and insight, frequently influencing investment strategies and choices. One such analyst, well
DeFi protocol Ethena Labs, the creator of yield-earning stablecoin USDe, has displayed commendable surges on the charts ever since the ENA token launch. The protocol’s token jumped 103% and the overall TVL rose 45%. In the last 24 hours, following the Ethena Labs’ announcement of a 50% reward increase for
The sentiment surrounding Ethereum and Ether (ETH) is now a mix of optimism and criticism. Metrics displayed by the largest smart contract-led ecosystem’s layer-2s (L2s) reflect a bullish outlook, while certain circumstances provoke fear, uncertainty, and doubt (FUD). Especially the question: Will ETH lose its value accrual amid the L2
Debut of W, the governance token of the cross-chain messaging protocol Wormhole, is at odds with the usual occurrence of a subsequent price surge post-airdrop. The token has remained in a state of decline ever since it started trading on Wednesday. Wormhole airdropped 674 million tokens — 6.75% of the
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
