Tag Archives: Blockchain News

Its new proposals represent a major deviation from the path that Arbitrum was initially towing. The Arbitrum Foundation has responded to last week’s protests of its community of ARB token holders by proposing two new motions. This follows after the huge backlash that erupted over the earlier plans of the foundation to move 750 million ARB tokens to one of its own wallets, albeit in a quiet manner. Arbitrum Foundation Floats Two New Proposals According to a Wednesday proposal, which was...

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was...

Justin Sun has denied the rumors of a proposal to crypto exchange Binance for acquiring his part of the stake in Huobi Global. Sources familiar with the matter said that the world’s largest crypto exchange Binance recently turned down an offer to acquire Justin Sun’s ownership in crypto exchange Huobi. The sources further added that Binance didn’t show interest due to the rumors that crypto exchange Huobi has ties with mainland China. Last month in March, Justin Sun showed interest in...

At the core of the Metacade ecosystem is the MCADE utility token, which serves as the primary medium of exchange and powers the rewards system. The meteoric rise of Web3 and decentralized technologies has opened up new horizons for investors seeking the next big opportunity in the ever-evolving world of cryptocurrency. The $200 billion gaming industry is one target as it experiences a paradigm shift towards GameFi, with Metacade’s MCADE token standing out as a potential game-changer and...

The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps.  Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the...

Launching an on and off-ramp service with MoonPay and Ramp Network is just another direct avenue to push the millions of users that rely on Binance for these services to become largely independent. Decentralized crypto wallet infrastructure and service provider Trust Wallet has inked a new partnership with MoonPay and Ramp Network as it seeks to introduce additional utility for the benefit of its users. According to a CoinDesk report, the partnerships with the two payment services will...

MicroStrategy is unrelenting with its Bitcoin purchases as it recently spend more than $29 million on over 1,000 BTC. MicroStrategy (NASDAQ: MSTR) has continued amassing more Bitcoin and has purchased an additional 1,045 BTC. The business intelligence firm announced it spent $29.3 million on the recent purchase, at an average of $28,016 per Bitcoin. According to a tweet from co-founder and executive chairman Michael Saylor, MicroStrategy’s portfolio now has 140,000 Bitcoins. The company...

Like many stablecoins, BTG Dol token is also pegged to the US dollar. Latin America’s biggest investment bank, BTG Pactual, has just announced the launch of its own stablecoin – BTG Dol. According to an official statement from the bank, the stablecoin will run on the Polygon network and is already available to clients. The bank’s choice of blockchain network does not exactly come as a surprise though. This is considering that Polygon is compatible with Ethereum and backs several major...

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data. The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours, with a trading volume of $35,508,696 over the same period. The largest gainers are PAX Gold and Tether Gold with gains of 2.7% and 1.9% respectively. Both are currently trading over...

The growth in the price of Ethereum has also stirred a rub-off on the major Liquid Staking Derivatives Platform (LSD). Ethereum (ETH) has joined Bitcoin (BTC) to lead the rally in the digital currency ecosystem today as key stakeholders and investors are religiously awaiting the upcoming Shapella Upgrade. At the time of writing, Ethereum is changing hands at $1,913.45, up by 4.34% over the past 24 hours as the industry’s biggest smart contract platform sought to build on its 5.17% in...