Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto it in a show of solidarity with the SEC. Although a number of high profile Democrats, including New York Sen. Chuck Schumer, voted in favor of overturning the bulletin, the Senate’s 60 to 38 vote on Thursday failed to cross the threshold to override a presidential veto. Source
SOL hit $170 on Friday, its highest price in more than a month, before slightly retreating to $166 recently. It has advanced nearly 7% over the past 24 hours and is now up more than 40% from the crypto market’s local bottom in early May, while BTC sank to $56,000. Source
“Compared to the U.S., the south of Oman has a few geopolitical advantages that are unique. It is very good for connections, as it’s next to submarine cables landing. It has, low [cost] electricity, reduced political risk, and favorable weather conditions for data centers,” said Olivier Ohnheiser, CEO of Green Data City, an Oman crypto-mining firm, told CoinDesk during Bitmain’s World Digital Mining Summit in Oman at the end of March. Source
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
ZkSync is a layer-2 network designed to scale Ethereum, providing cheaper transactions by performing computation and storing data off-chain; taxonomically speaking, it’s classified as a sub-type of layer-2 known as a ZK rollup, which relies on zero-knowledge cryptography, seen as one of the most promising new technologies in blockchain. Source
Through the Crypto Council for Innovation, a coalition of digital assets organizations and companies, including Coinbase, Kraken, Andreessen Horowitz, the Digital Currency Group and about 50 others, wrote a letter to Speaker of the House Mike Johnson (R-La.) and Minority Leader Hakeem Jeffries (D-N.Y.), advocating for passage of the bill. The Financial Innovation and Technology for the 21st Century Act (FIT21) has been authorized for floor time next week, where observers are hoping to see a mid-week vote. Source
Bank of America said it was upgrading the stock for a number of reasons, including the positive macro backdrop that has helped the cryptocurrency markets and trading volumes, analysts led by Mark McLaughlin wrote. The note also said the exchange’s expense discipline and increased diversification should also help its earnings. Source
The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan. Source
Also in March, the ruling AK Party Deputy Chairman of Information and Communication Technologies Ömer İleri said, “We find it very important to carry out a legal study in the field of crypto assets. This legal regulation is primarily a study that will regulate the platforms, but beyond that, it will be a regulation that will protect our citizens and investors.” Source
However, the delivery of the NFTs was late. The customer alleged that the NFTs came with outfits to wear in the metaverse, but the digital outfits that showed up 20 days behind schedule “could be used only in a metaverse platform with barely any users,” the report said. Source