Polygon Labs discontinues Edge contributions in favor of expanding CDK use
REVISED VERSION Key Announcement: Changes in Polygon Labs’ Framework Strategy Polygon Labs is discontinuing contributions to its Edge framework, formerly known as Supernets, and shifting its focus towards the Chain…
Former Facebook devs dream of sending money by email with their Sui blockchain
Mysten Labs has unveiled a revolutionary method enabling individuals to send and receive cryptocurrency via email, even if the recipient lacks a digital wallet. Founded by five former Facebook engineers…
Gensler says SEC’s ‘new look’ at spot bitcoin ETF applications has involved recent court rulings
In a recent CNBC interview, Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the agency’s reconsideration of spot bitcoin exchange-traded fund (ETF) applications, emphasizing the influence of recent court…
Bitcoin’s price advances as Federal Reserve keeps interest rates unchanged
SUMMARY Bitcoin saw a nearly 3% rise on Wednesday as the Federal Reserve maintained interest rates within the anticipated range of 5.25%-5.50%. Concurrently, major stock indices posted gains in early…
SEC Chair Gary Gensler doesn’t want to talk about ‘crypto securities’
SUMMARY SEC Chair Gary Gensler dismissed inquiries about cryptocurrency during a post-meeting discussion on the U.S. Treasury market. Following a reporter’s question regarding the status of spot bitcoin ETF applications,…
Pudgy Penguins announces ‘Pudgy World’ Web3 game on zkSync blockchain
LATEST DEVELOPMENT UPDATE Pudgy Penguins, a prominent NFT project, recently revealed the next phase of its evolution: Pudgy World, a Web3 game leveraging the Ethereum Layer 2 network zkSync Era.…
Recession won’t keep bitcoin from reaching new highs in 2024, VanEck predicts in yearly crypto forecast
In a quick overview, VanEck envisions the long-awaited U.S. recession arriving in 2024, while still foreseeing approvals for spot bitcoin ETFs and the halving event propelling bitcoin to record highs…
Fidelity held meeting with SEC about spot bitcoin fund, submitted presentation about ETF workflows
Fidelity engaged in discussions with the Securities and Exchange Commission (SEC) on December 7 regarding its proposed spot bitcoin ETF, as outlined in a memo on the regulator’s official website.…
Terraform Labs asks judge to let jury decide if UST and LUNA tokens are securities
SUMMARY Terraform Labs, the entity behind the unsuccessful Terra stablecoin (UST) and LUNA cryptocurrency, has requested a New York judge to allow a jury to determine the regulatory status of…
JPMorgan CEO Jamie Dimon tells Sen. Elizabeth Warren that government should shut down crypto
BRIEF OVERVIEW JPMorgan Chase CEO Jamie Dimon, known for his outspoken criticism of cryptocurrency, asserted that he would shut down crypto if he held a government position. Responding to Sen.…