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Microsoft-Backed Space and Time Surges as Grayscale Debuts SXT Crypto Fund
[ad_1] In brief Crypto-focused asset manager Grayscale unveiled its Space and Time (SXT) Trust on Tuesday. The Trust will give investors exposure to the Space and Time blockchain’s native token, SXT. The price of SXT is up 16% over the last day. Cryptocurrency-focused asset manager Grayscale unveiled its Space and Time Trust on Tuesday, adding […]
‘It’s a Great Thing’: Fed Chair Powell Backs US Crypto Bills
[ad_1] In brief Federal Reserve Chair Jerome Powell said it was a “great thing” to see progress on crypto legislation. Meanwhile, the Fed said it will no longer assess “reputational risk” for banks. Powell called for stricter stablecoin rules in 2021. Federal Reserve Chair Jerome Powell vocalized support for crypto legislation before Congress on Tuesday, […]
Ledger Introduces Physical ‘Recovery Key’ NFC Backup for Wallets
[ad_1] In brief Hardware wallet manufacturer Ledger has launched a physical “Recovery Key” for its Stax and Flex devices. The NFC-equipped device stores a recovery key in a secure element. Users can tap the key against their hardware wallet and enter a PIN to recover their wallet. Ledger has introduced a new type of backup […]
Bitcoin Gets Native, Dollar-Backed Stablecoin in USDB
[ad_1] In brief Flashnet and Brale will launch the dollar-backed USDB stablecoin on Bitcoin later this summer. The dollar-denominated coin will be powered by Bitcoin layer-2 network Spark. Magic Eden will help distribute USDB, supporting the stablecoin across its trading platform. Bitcoin is heralded as the world’s hardest money, but the network lacks one of […]
Major Validators Join Testnet to Tackle Ethereum’s Overlooked Bottleneck
[ad_1] In brief The new application aims to address Ethereum’s networking bottleneck. Early tests show 10x lower latency under high-traffic conditions versus the current system. Validators can test the new network without disrupting existing operations. Major Ethereum validators controlling a significant share of the network’s stake have begun testing OptimumP2P, a high-performance memory layer that […]
Hacked Crypto Exchange WazirX Gets More Time to Restructure After Court Ruling
[ad_1] In brief A Singapore court has granted WazirX more time to argue its restructuring plan after initial rejection. The moratorium protects the exchange from creditor action as it prepares to shift operations to Panama. Over 93% of creditors backed the restructuring plan aimed at reviving the exchange. Embattled crypto exchange WazirX received a lifeline […]
Altcoin Sei Leaps 47% Following Wyoming Stablecoin Candidacy
[ad_1] Altcoin Sei (SEI) was the best-performing top 100 crypto asset in today’s trading, jumping 46.5% to $0.2855 in the past 24 hours, per CoinGecko data. Today’s impressive performance builds on its momentum from earlier in the week; SEI is up over 72% in the past seven days. SEI is the native token of the […]
Strategy Scales Back Bitcoin Buys as BTC Dips
[ad_1] In brief Strategy bought 245 Bitcoin, worth $24.8 million at current pricing, between June 16 and 22. The software firm now holds 592,345 Bitcoin worth roughly $60 billion. The firm’s latest Bitcoin buy—its second-smallest acquisition this year—came amid rising geopolitical uncertainty. Strategy, formerly MicroStrategy, has snapped up 245 Bitcoin worth roughly $24.8 million at […]
Altcoins Surge on Trump’s Israel-Iran Ceasefire Announcement—But Will it Last?
[ad_1] In brief Altcoins surged as Trump declared a ceasefire between Iran and Israel, with Sui, Chainlink, and Avalanche leading gains across the crypto market. Ethereum, Solana, XRP, and Bitcoin rebounded, erasing weekend losses as markets react to the ceasefire. Experts warned of a fragile rally, citing short-term geopolitical relief but pointing to inflation, interest […]
