Altcoin News

“V God”: With the improvement of Rollup technology, transaction fees are expected to drop to $0.02

Ethereum developers are expected to focus on improving the scalability of the network following the implementation of the much-anticipated merge upgrade (The Merge) in September. Ethereum co-founder Vitalik Buterin said recently that with the growth of network efficiency and the improvement of Rollup technology in the future, the transaction cost of Ethereum Layer 2 is …

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South Africa will recognize ‘cryptocurrency’ as a ‘financial asset’! New regulations expected next year

Officials from South Africa’s central bank pointed out that they intend to classify and identify cryptocurrencies as “financial assets” for supervision. New regulations are expected to be introduced in the next 12 months, while protecting investors and encouraging innovation and development. According to research by cryptocurrency exchange Luno, South Africa has widespread cryptocurrency usage, with …

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Aave also wants to release stablecoins! Read the GHO proposal for a decentralized USD stablecoin

This article mainly introduces GHO, Aave’s native decentralized USD stablecoin, and hopes to get feedback from the community. GHO has the following important characteristics: decentralization; Over-collateralized by assets that continue to provide yield; Backed by various types of collateral in the Aave protocol; Governed by the Aave community. Citation The Aave community publishes an Request …

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Elon Musk: I didn’t say ‘people should invest in cryptocurrencies’

After a “massacre”, the cryptocurrency market has rebounded in recent days and is back at the $20,000 mark. Billionaire and Tesla CEO Elon Musk touched on the topic of cryptocurrencies during his appearance at the Qatar Economic Forum on Tuesday. Specifically, during a video chat with Bloomberg News editor-in-chief John Micklethwait on June 21, Musk …

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The cold winter of the currency market has caused a “dispatch storm”! Coinbase slashes 1,100 jobs

Since the beginning of the year, the cryptocurrency market has suffered a series of tumbles, facing the threat of a wildfire-like bear market. The US cryptocurrency exchange Coinbase announced that it will lay off 1,100 people, accounting for 18% of its staff. It is expected that after this layoff, the actual number of employees will …

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Fidelity Global Head of Macro: Bitcoin is undervalued, oversold

According to Jurrien Timmer, global head of macro at Fidelity, Bitcoin is undervalued and oversold. Jurrien Timmer, who has 126,000 Twitter followers, explained that while Bitcoin has fallen back to 2020 levels, its “price-to-network ratio” has fallen back to where it was in 2013 and 2017. annual levels, which may represent undervaluation. Is BTC cheaper …

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$400 million liquidated by lenders! Three Arrows Capital may face bankruptcy?

$400 million liquidated by lenders! Three Arrows Capital may face bankruptcy?

Dubai-based cryptocurrency fund Three Arrows Capital (3AC) has been liquidated for $400 million and faces bankruptcy, The Block reported. The investment firm has been one of the more prestigious players in the cryptocurrency market for the past few years, but it has not been spared the liquidation of cryptocurrency lending companies. Three Arrows is currently …

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SEC investigates Binance BNB, is cryptocurrency a “currency” or an “asset”?

According to foreign media reports on June 6, the U.S. Securities and Exchange Commission (SEC) is conducting an investigation against Binance, mainly involving Binance Coin (BNB), which was issued by Binance in 2017, and is verifying whether the token should be regarded as A security that should have been registered with the SEC. The report …

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Complete cryptocurrency services! PayPal opens third-party wallets and exchanges to “deposit and withdraw coins”

Online payment service giant PayPal announced that it will open the “cryptocurrency withdrawal function” from now on, allowing some US users to transfer bitcoin (BTC), ether (ETH), bitcoin cash (BTC) between PayPal and other wallets and exchanges. BCH) and Litecoin (LTC), there is no need to pay withdrawal fees, and the entire transaction process only needs to …

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Bloomberg: SEC is investigating whether Binance’s “BNB ICO” violated securities laws

The U.S. Securities and Exchange Commission (SEC) is investigating whether Binance Holdings violated securities regulations when it launched an ICO to launch Binance Coin (BNB) five years ago , Bloomberg reported on June 6 . Currently, Binance is the largest cryptocurrency exchange in the world, while BNB is the fifth-largest cryptocurrency by market capitalization. BNB’s ICO took place …

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