March 12, 2024

Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

March 12, 2024 boss

One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation…

U.S. CFTC’s Behnam Says Agency Writing New Policy on Prediction Markets

March 12, 2024

“We must continually be fair and consistent in evaluating the products and proposals presented for our consideration,” Behnam said.”The commission must abide by core regulatory principles that prioritize, among other things, customer protections, market stability, and resilience. And, we must ensure a level playing field, regardless of the asset class.” Source

Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

March 12, 2024

Sweden’s central bank governor said he wants “as little bitcoin as possible in the Swedish financial system.” Source

Tether Launches USDT on Celo Targeting Increased Usability

March 12, 2024

Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility of Tether for millions of people.” Tether Announces USDT’s Launch on […] Source CryptoX Portal

Nibiru Chain Debuts Public Mainnet Along with Four Major Exchange Listings – Blockchain News, Opinion, TV and Jobs

March 12, 2024

Tortola, British Virgin Islands, March 12th, 2024, Chainwire Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more. Empowering Users with a Rich Ecosystem At launch, Nibiru Chain offers a wide range of functionalities to its community and…

Crypto Institutional Investors Are Frontrunning Retail As Inflows Reach Record Highs

March 12, 2024 boss

Crypto investment products continue to shine in the middle of a strong bullish market sentiment. New data has shown institutional investors and traders are now going full speed on crypto investment products, allowing inflows to attain a new inflow record. According to CoinShares, a digital asset investment firm, digital investment products registered a record weekly inflow of $2.7 billion last week, pushing the year-to-date inflow near a new record. Crypto Institutional Investors Continue To Aim Higher The crypto market has attracted its fair share of rich visionaries and institutional traders…

EU Parliament Approves New Sanctions Laws That Also Apply to Crypto

March 12, 2024

“The new law sets consistent definitions for violations, including not freezing funds, not respecting travel bans or arms embargoes, transferring funds to persons subject to sanctions, or doing business with state-owned entities of countries under sanction,” the press release said. Source

Blobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade

March 12, 2024

CoinspeakerBlobs Launch on Gnosis Chain before Ethereum’s Dencun Upgrade In advance of Ethereum’s eagerly anticipated Dencun upgrade, Gnosis Chain has taken a pioneering step by introducing blobs – a novel approach to enhancing the blockchain’s data handling capabilities. Ethereum’s Dencun Upgrade: A Closer Look At the heart of the Dencun upgrade lies Ethereum Improvement Proposal (EIP) 4844, also known as proto-dank sharding. This proposal introduces blob transactions as a solution to the high costs and inefficiencies associated with current data storage methods on the blockchain. Currently, Ethereum and its Layer…

U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February

March 12, 2024

The U.S. Consumer Price Index rose faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January’s 3.1%, the government reported Tuesday morning. The core rate – which strips out food and energy costs – also disappointed to the upside, coming in at 3.8% against expectations of 3.7%. Source

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

March 12, 2024 boss

If the product, the Grayscale Bitcoin Mini Trust, is approved, existing GBTC investors would benefit from lower total blended fees, while not being expected to pay capital-gains tax to automatically transfer into the new fund. Realization of capital gains is one of the reasons GBTC shareholders have been tied to the existing product, with its high fees relative to rival offerings. Original