Polygon PoS is an Ethereum scaling solution that has over $900 million in total value locked within its contracts and does over 2 million transactions per day. It was first launched in 2019. In March, the Polygon team launched a second network, Polygon zkEVM, that uses zero-knowledge proof rollups to scale Ethereum.Continue Reading on Coin Telegraph More
In a June 20 report, Moody’s pointed to key differences in the way Democrats and Republicans have handled crypto-focused legislation in the U.S., specifically competing language in a bill on stablecoins and a bill aimed at providing a comprehensive framework for digital assets. Many of the issues between lawmakers concern whether regulation of stablecoins should be overseen at the federal or state level and are about addressing consumer protection in the wake of many crypto firms going bankrupt in 2022. Continue Reading on Coin Telegraph More
The president will meet with at least eight experts, including renowned researchers and experts in AI safety. According to the White House, the topic of discussion will be the Biden administration’s “commitment to seizing the opportunities and managing the risks of Artificial Intelligence.”Continue Reading on Coin Telegraph More
The debut Škoda NFT collection is scheduled to launch “soon,” with no fixed date or offer price. Users will be able to mint the NFT whenever it is dropped through the addition of funds to their wallets. Continue Reading on Coin Telegraph More
Delio is one of South Korea’s largest crypto lending firms and claims to hold an estimated $1 billion in Bitcoin (BTC), $200 million in Ether (ETH) and approximately $8.1 billion in altcoins. The firm entrusted a sizable portion of clients’ funds to fellow South Korean crypto yield platform Haru Invest.Continue Reading on Coin Telegraph More
As told by developers, Qubes OS has garnered significant recognition from Bitcoin (BTC) enthusiasts and libertarians for its security architecture and approach to protecting user privacy. The OS uses Xen-based virtualization to isolate different tasks and applications within separate virtual machines, dubbed “qubes,” to provide additional security for applications in financial transactions, accessing sensitive information or secure communications.Continue Reading on Coin Telegraph More
Crypto analyst “” on Twitter has spotted an inverse Head and Shoulders Pattern on Bitcoin’s four-hour chart, which might result in an upside move if validated.The inverse Head and Shoulders Pattern is believed to suggest a bearish-to-bullish trend reversal, which might also indicate that a downward trend is about to come to an end.This pattern appears when the price drops to lows before rising; the price falls below the previous low and then rises again and, finally, the price falls again but not as far as the lows reached in the second instance. Once a bottom low is established, the price moves upward toward the resistance found near the top of the previous lows.On Tuesday, Bitcoin found it difficult to maintain a brief ascent beyond $27,000 as the positive impact of BlackRock Inc (NYSE:BLK).’s application to launch a U.S. exchange-traded fund trading in the cryptocurrency started to fade. On June 15, BlackRock submitted an application to the Securities and Exchange Commission for a spot Bitcoin ETF.At one point, the biggest digital asset reached intraday highs of $27,173 but then pared the gain to trade at $26,830 as of press time.The halving is now less than a year away, yet underneath it, HODLers continue with their typical gradual and steady accumulation.A nontrivial amount of the present supply appears to be being consumed by the price-insensitive class, as evidenced by the fact that HODLers are now acquiring coins at a rate of about 42,200 BTC each month.Glassnode claims that this regime of steady and progressive accumulation started just over two years ago and that another six to twelve months may still be in store if we compare this behavior to previous cycles.This article was originally published on U.Today More
In a June 19 CBDC policy roundtable, the IMF’s director of the monetary and capital markets department, Tobias Adrian, presented a new platform concept for cross-border payments. This includes a blueprint for a payment system that uses one ledger to record CBDC transactions. According to Adrian, the “XC platform” will have a single ledger where digital representations of central bank reserves in any currency can be exchanged.Continue Reading on Coin Telegraph More
