“The current regime, clearly, has it out for Bitcoin,” Ron DeSantis said during a Twitter space with Elon Musk and venture capitalist David Sacks in which he officially announced his bid for U.S. president. “And if it continues for another four years, they’ll probably end up killing it.” Original
Day: May 25, 2023
MATIC sees more than 80% decline in transaction volume
Polygon (MATIC) saw significant growth in 2021 but has since experienced a decline in transactions, raising concerns about its future. Examining the current state of Polygon Polygon, an Ethereum blockchain scaling solution that aims to enhance the network’s scalability and reduce transaction costs, has been a subject of interest and speculation among crypto enthusiasts. However, recent data reveals its transaction volume is falling. According to a tweet by analytics blockchain analytics firm IntoTheBlock, Polygon’s daily transaction count has plummeted to approximately 2,000, marking an 81.38% decline from its peak earlier…
Nanjing unveils metaverse platform for local web3 development
Nanjing City in China has introduced the China Blockchain Technology and Application Innovation Platform with the aim of establishing the China metaverse technology and application innovation platform. The foundation for metaverse research and development Led by Nanjing University of Information Science & Technology (NUIST), a newly established Chinese state-backed organization has announced the launch of a platform dedicated to metaverse research and development. NEWS: Nanjing, the capital city of China’s eastern Jiangsu province, has launched a metaverse platform to enhance research in related fields. 📰: https://t.co/iJVTndtwvR pic.twitter.com/VNNK2eAitp — CoinGecko (@coingecko) May 24,…
BTC Holds Below $27K Amid Macro Uncertainties
Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise. Source
Ripple defense attorney files motion to withdraw from SEC case
Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In a development from the high-profile litigation between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), Ripple’s defense attorney, Kylie Chiseul Kim, has submitted a motion to the Southern District of New York, seeking to withdraw from the case. Kim has been a key legal figure in this ongoing lawsuit and…
Coinbase and Bitpanda Partner to Help Europe’s Banks Offer Customers Crypto
Bitpanda’s crypto connectivity is already in place with a number of banks, neo-banks and fintech platforms such as Austrian traditional lender Raiffeisenlandesbank, European mobile bank N26, French money app Lydia, U.K. fintech Plum and the Italian mobile bank Hype. Source BanksBitpandaCoinbaseCryptocustomersEuropesOfferPartner CryptoX Portal