Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […] Source CryptoX Portal
In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a […] Source CryptoX Portal
Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK Nation. The system aims to enhance the governance, security, and scalability of the Zksync protocol through active community participation. ZK Nation: New Governance Framework Introduced by ZKsync According to the announcement, the ZK Nation governance […] Source CryptoX Portal
Notcoin (NOT) has experienced a significant surge, climbing by over 58% in the past 24 hours to reach $0.009165. The latest rise has boosted Notcoin’s market cap to over $941 million, reflecting a 55.72% rise and placing it at number 94 in the cryptocurrency market cap ranking per data from CoinMarketcCap. NOT 24-hour price chart | Source: CoinMarketCap The price spike follows a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin, capturing 86.2% of the 29,711 votes cast in a recent social media poll. The project’s team posted…
Trump claims to support the crypto industry and overturn the conviction of the Silk Road founder if he wins the presidential election. Should the community trust him? Former U.S. President and Republican Party candidate Donald Trump supported the cryptocurrency industry amid the upcoming elections. “I am very positive and open minded to cryptocurrency companies and all things related to this new and bourgeoning industry. Our country must be the leader in the field, and there is no second place.” Donald Trump, Republican Party candidate During a speech at the National…
On May 24, the meme coin symbol, Kabosu, died after a long illness. Kabosu, which symbolizes the Dogecoin (DOGE) token, was 18 years old. In early May, its condition deteriorated sharply. The dog could no longer walk independently and moved with the help of an animal wheelchair. かぼちゃんは今朝、深い眠りにつきました🌈私に撫でられながら眠るようにそっと逝きました。かぼちゃんを愛して下さったみなさん、長い間ありがとうございました。https://t.co/aJyC8wECQP — かぼすママ (@kabosumama) May 24, 2024 Kabosu’s owner, Atsuko Sato, wrote on the Kabochan blog that Kabosu felt normal before its death, eating rice and drinking water. The dog’s farewell will take place on May 26 in Narita, Japan. “We hope to…
Layer-1 blockchain network Algorand has critiqued Bitcoin, Ethereum, and Solana in its latest ad, indicating the three are inefficient for day-to-day use. The Algorand Foundation dropped a new ad on May 23, calling it “when blockchains meet the real world, only one delivers.” In the ad, three shoppers are featured checking out at a supermarket. Each shopper was trying to pay with one of the aforementioned cryptocurrencies. Speaking to the customer trying to pay with Bitcoin, the cashier remarks that he would have to wait 27 minutes for the transaction…
In a bid to demonstrate cheap payments with USDC, Coinbase faced backlash from the Bitcoin community for not selling pizzas for BTC during Bitcoin Pizza Day. Cryptocurrency exchange Coinbase came under fire from the Bitcoin community for its unconventional celebration of Bitcoin Pizza Day, opting to sell pizzas exclusively for USDC instead of Bitcoin, triggering a wave of criticism. On May 22, Coinbase launched its celebration by rolling out the Coinbase Pizza Truck in New York, offering pizza slices for $1. However, the only catch was that the exchange only…
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering. Source
“The OP Stack largely provides what is needed to deploy an L2. Minimal changes are needed to support Celo’s unique features,” the proposal reads. “It is battle-tested with multiple chains in production and compatible with other stacks, such as Polygon’s Type 1 ZK Solution.” Source