“These revisions aim to further promote a consistent understanding of the standard, particularly regarding the criteria for stablecoins to receive a preferential ‘Group 1b’ regulatory treatment,” the committee said in the release. The updated version will be published later this month and must also be implemented by the start of 2026. Source
The DeFi sector’s struggle coincided with a period of lull in the crypto market, with bitcoin (BTC) and DeFi hotbed ether (ETH) consolidating range-bound below their March peaks. ETH, the second largest crypto asset, is down about 6% from its Monday highs and has erased most of its gains since odds for regulatory approval for U.S. spot ETFs jumped overnight in late May. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. KangaMoon surges 20x post-listing on BitMart and Uniswap, Bitcoin Cash sees a 39% drop, while NEAR Protocol anticipates a 230.07% rise by August 2024. New and creative ideas are arising as the crypto market develops and grabs the interest of both investors and aficionados. Originally expected to generate 100x returns in 2024, KangaMoon has already made over 20x gains after being listed on BitMart and Uniswap, paying early investors…
The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion for micro, small and medium enterprises (MSME) globally using blockchain technology. UN Project Explores Digital Identity Solutions for MSME Financing The partnership will focus on developing […] Source CryptoX Portal
Crypto analyst Quinten François has provided an ultra-bullish narrative for the Bitcoin future trajectory. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million. The “Fireworks” Are Just About To Begin For Bitcoin While highlighting the significance of Bitcoin’s fourth halving, Quinten claimed that the “fireworks” were just about to begin for Bitcoin. The crypto analyst remarked that BTC was currently at the bottom of the range of a growth pattern, which it could enjoy if this…
Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report Source
Two signs of miner capitulation are dwindling hashrate and mining revenue by hash (hashprice), both of which are down significantly this month, with hash rate plunging by 7.7% since the halving at hashprice nearing all-time lows. Hashrate is the mining power in the Bitcoin network, and hash price refers to the revenue miners earn from a unit of hashrate. Original
There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill. Source
There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs. Source
Student Coin holders on STC Wallet should hurry up to get their tokens redeemed. The team behind the project keeps informing users about the developments in the redemption process and available options. The clock is ticking for Student Coin holders. The STC Wallet users have less than three months to redeem their tokens. The redemption […] Source CryptoX Portal