What’s behind Buterin’s embrace of “soulbound tokens”? Ensuring Ethereum’s dominance? A backlash against NFTs? Creating a better world? The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope,...Continue Reading

FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing” during the bear market. Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues.  In a Twitter thread, FTX CEO Sam Bankman-Fried...Continue Reading

With the introduction of platforms like Solana, buyers may now purchase NFTs for a low transaction charge and with minimal congestion. The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to...Continue Reading

The Cronos Accelerator Program is backed by $100 million to help crypto projects in seed-pre-seed stages seeking mentorship, funding and growth. Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space among others.  Driving the initiative,...Continue Reading

According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022. While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore the possibilities that crypto offers.  On...Continue Reading

Octagon Networks, a global cybersecurity company, announced it would adopt a Bitcoin standard, offering half-price discounts for Bitcoin payments. Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance...Continue Reading

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.  A Chinese state-owned media outlet, the Economic...Continue Reading

The Iota Foundation joined Dell along with ClimateCHECK and BioE to fight climate change using real-time carbon footprint data. Iota Foundation, a non-profit distributed ledger technology ecosystem provider, partnered with tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints.  Edge solutions from Dell Technologies announced the onboarding of...Continue Reading

The draft bill proposes to eliminate anonymous crypto projects, with DAOs, DeFi and exchanges required to legally register in the United States. A leaked copy of a United States draft bill concerning cryptocurrency started doing the rounds on Twitter earlier on Tuesday. The 600-page copy of the leaked bill highlights some of the key areas...Continue Reading

Merchants can now accept payments made through USDC and convert the funds directly into fiat currency. Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time — potentially widening the use cases of stablecoins within e-commerce.  The stablecoin settlement system...Continue Reading