Prominent exchange Coinbase has said that it would not support the Web3 gaming startup’s effort to distribute an improved GALA token through airdrop to current holders on May 15. This week, the crypto exchange informed that on May 12, it would stop supporting the GALA token (Gala V1). This means
Zimbabwe’s government has established a value for its digital tokens backed by gold. Starting on May 8, the nation will begin offering investors its own digital money backed by gold. Tokens will be sold to people for a minimum of $10. And to companies and other organizations for a minimum
To improve the safety and reliability of its platform, BabyDoge seems certain that it has found a workable solution. The deflationary token platform apparently wants 100 quadrillions of BABYDOGE on the Ethereum blockchain to be burned, as suggested in a Twitter poll post. Exciting News: A Proposal to Strengthen Security
In a groundbreaking move, the State of Montana has emerged as a frontrunner in cryptocurrency adoption. The news has sent shockwaves through the financial world and further solidified Montana’s reputation as a haven for Bitcoin (BTC) enthusiasts. 🇺🇸‼️ US state of Montana bans ALL taxes on #Bitcoin when used for
The Ethereum Foundation dumped 15,000 ETH to a cryptocurrency exchange on Friday, one day after Ethereum developer Vitalik Buterin dropped 200 ETH. To cover overhead costs, the Ethereum Foundation sometimes sells a few Ether (ETH), and Vitalik Buterin often trades in the meme coins that accumulate in his wallet for
The Central Bank of Argentina is cracking down on the cryptocurrency sector. The bank issued a statement yesterday saying that payment processors are no longer allowed to provide clients with access to cryptocurrencies like Bitcoin. The BCRA, Argentina’s Central Bank, cited the rationale as a desire to “mitigate risks.” Several
Letitia James, New York’s attorney general, has proposed a bill to regulate the cryptocurrency sector. It will give the New York State Attorney General more power over local crypto companies. The development of the crypto sector in New York has been stunted by the state’s regulatory measures. New York is
According to a letter sent to shareholders on Thursday, Block reported a 16% rise year-over-year in Bitcoin gross profit to $50 million in the first quarter of 2023 due to an increase in Bitcoin sales to clients. Block said that it had received $2.16 billion in Bitcoin sales income, an
Developers at Joint L1 Task Force, working on Terra Classic (LUNC), have updated the rebel-2 testnet to version 2.0.0 with Cosmos SDK version 0.45. The May 31st Cosmwasm v1.1.0 update (parity) will enable projects and builders from Cosmos and Terra Luna 2.0 to once again construct on the Terra Classic
On Thursday, Western Alliance Bank, the latest bank to be alleged to be approaching collapse amid mounting pressure on the US banking system, released a statement. Bank executives denied seeking buyers and claimed they had no plans to employ an outside consultant to evaluate strategic alternatives. The announcement was made
