The move will allow for swapping native USDC across eight other blockchain networks. Source
Circle to Support Polygon USDC on Payments Platform as Adoption Grows
Day: June 7, 2022
Users Can Now Move Coins to Other Wallets and Exchanges
“We want people on our platform acquiring digital currencies to be able to then use them to do something, whether it’s buying NFTs or interacting with games or other things, and stablecoins are a component of that and really important for the commerce and payments aspect to grow,” da Ponte said. Source
MicroStrategy’s Saylor Believes Bitcoin Will Benefit from the Regulatory Clarity Initiated by Senators Lummis and Gillibrand
Summary: MicroStrategy CEO Michael Saylor believes Bitcoin will benefit from the regulatory clarity initiated through the crypto bill by Senators Lummis and Gillibrand. Mr. Saylor says that such regulatory clarity will facilitate and accelerate the participation of traditional institutional investors. The proposed crypto bill sets to streamline hurdles such as stablecoins, taxes, DeFi, DAOs, and the jurisdictions of both the SEC and CFTC. MicroStrategy CEO Michael Saylor has provided valuable insights on the proposed bill by Senators Lummis and Gillibrand on the regulation of digital assets in the United States. According…
Zilliqa Price Prediction – Best Play To Earn Metaverse Blockchain!
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Preparing for the Dreaded Down Round
Preparing for the Dreaded Down Round Source
Coinbase balance drops by 30K BTC as Bitcoin price nurses 6% losses
Whales and institutions alike are on the radar after the latest data from exchange order books. Bitcoin (BTC) held steady at the June 7 Wall Street open after a night of losses cost bulls heavily. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Coinbase sees conspicuous outflows Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged near $30,000, still down 6% versus its prior highs. After underperforming versus United States equities on June 6, the pair nonetheless managed to avoid falling further in step with stocks. At the…
US Justice Department Urges More Coordination to Combat Crypto Crime
“Strong international law enforcement cooperation will be essential to best position the United States and its partners to detect, investigate, prosecute, and otherwise disrupt criminal activity related to digital assets, and to overcome the unique obstacles posed by the features of these technologies,” Attorney General Merrick Garland said in a letter included within the Tuesday report. Garland said his agency is pressing for “expanding our operational and capacity building efforts with international partners; increasing information sharing, coordination, and deconfliction; and closing regulatory gaps across jurisdictions.” Source
Bitcoin Market Cap Shed Over $120-B Last Month
The market value of Bitcoin dropped and was at roughly $605 billion at the end of May. BTC is currently trading below the $50,000 mark because of the bearish stance of the market. Last month, Bitcoin was beaten to a bloody pulp with the crypto market crash, triggering the top crypto’s market value drop. And it’s not just the crypto that bore the brunt of the pounding. Other popular cryptocurrencies had the same fate. But if you look at the good parts of a bad situation, BTC remains the king…
IRA Financial Sues Gemini Over $37M Crypto Heist
In a civil suit filed Monday in Federal district court, the South Dakota-based company pointed the finger squarely at Gemini for a hack that’s left dozens of retirement savers in disarray. Some of its clients previously told CoinDesk they had picked IRA Financial largely because of its association with the Winklevoss twins’ name-brand crypto exchange. Source
Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop – Mining Bitcoin News
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at 235 exahash per second (EH/s), the network is expected to see a DAA reduction of 0.51% from today’s metric. This Week’s Bitcoin Mining Difficulty Change Is Expected to Drop Lower On June 7, 2022, there’s one more day until the next DAA change and it’s expected to drop…