crypto
Bitcoin Layer-2 (L2) platform Mintlayer has announced an upgrade to its staking program, enhancing the user interface (UI) to make it more accessible and easier to use. The simplified staking program is integrated into Mintlayer’s blockexplorer and Mojito wallet browser extension, enabling users to stake their ML tokens and earn substantial rewards. Industry-leading APY attracts usersThe launch of Mintlayer’s enhanced staking program is set to empower more users to stake their ML tokens, with an impressive annual percentage yield (APY) currently around 198%. This attractive staking program is ...
Invezz
Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability. The Bitfinity Ethereum Virtual Machine (EVM)The protocol’s Execution Layer launch introduces the Bitfinity Ethereum Virtual Machine (EVM), a Bitcoin sidechain built on the Internet Computer’s tech stack. This innovation enables Solidity-bas...
Invezz
The U.S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy. Despite this legislative push, President Joe Biden has pledged to veto the resolution, maintaining the policy’s enforcement. Bipartisan support and veto challengeThe vote saw a dozen Democrats joining a majority of Republicans in favor of overturning SAB 121, comfortably surpassing the simple majority needed for passage. Howeve...
Invezz
SKUx, a digital instant payments startup, and Visa, a global payments giant, have announced a strategic agreement. The partners will work together to support further growth and adoption in the digital payments space. SKUx announces agreement with VisaIn an announcement on Thursday, SKUx said the collaboration will tap into its payments-based solutions to accelerate digital transformation for merchants and consumer packaged goods (CPG) companies. The alliance will focus on various use cases, including customer acquisition, loyalty programs and consumer care. “SKUx is privileged to announce our ...
Invezz
In just two years, Pyth Network has achieved remarkable milestones: expanding to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications. To understand the factors behind this growth and its impact on the blockchain ecosystem, Invezz spoke Michael Cahill – CEO, Douro Labs (Core Contributor to Pyth). On rapid growthInvezz: Pyth has reported some fascinating growth numbers. What made this growth possible? I think a big driver in this explosive growth is Pyth’s architecture as a pull oracle. Legacy oracles, and most oracle today, are push oracle...
Invezz
Recently, Binance Coin (BNB) has seen a major price uptrend following the ecosystem incentives seen across the BNB Chain, which can result in higher demand for the crypto. Cosmos (ATOM) is also in the spotlight, as Ripple and Evmos joined forces to build an XRP Ledger EVM sidechain, which will be built with emOS on the Cosmos SDK. While both of these have displayed bullish performance, all eyes are also on Rollblock (RBLK), as its presale has already sold over 23.2 million RBLK tokens. To see which crypto can spike the most and which is the best crypto to invest in now for June, we will go ove...
Invezz
Bitcoin (BTC) has experienced its most significant single-day gain in nearly two months, following the release of the US Consumer Price Index (CPI) data on Wednesday. This surge pushed BTC past $66,252, fueled by expectations of a potential easing of monetary policy by the Federal Reserve and a positive outlook for risk assets, including cryptocurrencies. End of BTC downtrend?The latest CPI data reveals a 3.4% increase over the 12 months ending in April, slightly lower than March’s 3.5% rise. This indicates a slowdown in price growth, aligning with expectations for a gradual easing of inflatio...
Invezz
Reports suggest that the Chicago Mercantile Exchange (CME) Group, already a heavyweight in Bitcoin futures trading, is considering entering the spot bitcoin trading arena. The move could have far-reaching implications for institutional investors and the broader crypto ecosystem where Binance and Coinbase dominate in spot Bitcoin trading. According to reliable sources, the Chicago-based group is currently holding discussions with institutional crypto traders who prefer regulated marketplaces as it aims to capitalise on the demand among Wall Street fund managers to get exposure to the crypto sec...
Invezz
Canadian authorities arrested and charged two men with fraud for allegedly defrauding investors of $40 million CAD (approximately $30 million USD) in a bogus cryptocurrency investment scheme. The Ontario Securities Commission announced the charges on Wednesday. Aiden Pleterski, 25, known as the “Crypto King,” was charged with fraud and money laundering. Colin Murphy, 27, was charged with fraud. The charges stem from a 16-month investigation dubbed Project Swan, coinciding with an ongoing bankruptcy case. Playing with investor fundsCourt documents and local media reports indicate that between 2...
Invezz
The Cosmos community recently passed a proposal requested by Dora Factory and DoraGacks to approve a $1 million grant from the community treasury. The grant will support ten rounds of funding through native token ATOM, over the next two years. Cosmos holders digest news of $1 million grant to public goods funding protocolCosmos passed the Governance Proposal No.917 to approve a $1 million grant from the Hub’s community treasury to Dora Factory and DoraHacks, for public goods funding. In web3, public goods are infrastructure that are available for everyone to use. In crypto, public goods are st...
Invezz
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