The Arkansas State House has approved two bills that could see a ban on crypto mining activities within the state. At present, the bills are still under consideration and have yet to progress to full-fledged legislation; they establish the framework for further discussions leading to potential legislation. On April 17, senators held a Senate hearing to discuss general concerns...
Leading crypto exchange, Binance has announced a new airdrop and web3 quest platform dubbed Megadrop. Announced on April 18, Megadrop is primarily a token launch platform that will host airdrops and Web3 quests by integrating the Binance Simple Earn program and the Binance Web3 Wallet. The goal, per Binance, is to make the airdrop experience more engaging for...
Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU). Two sources familiar with the development claim that the exchange has agreed to pay a $2 million penalty to the regulator for non-compliance. However, they did not confirm how the fine has been calculated. India, according to a...
Tether announced a reorganization to expand into other areas besides stablecoins. Tether has announced reorganizing its structure into four divisions and a new vision to expand beyond the stablecoin sector. According to a press release, the issuer of USDT stablecoin intends to expand its influence in the web3 industry significantly. According to available information, four new divisions will operate within the updated...
Participants of the Token2049 conference examined trends in consumer web3 applications, noting the growing role of meme coins. During the Emerging Trends in Consumer web3 Apps panel at Token2049 in Dubai, speakers discussed tokenizing user attention and the role of meme coins in this development. Imran Khan from AllianceDAO noted that a new direction is emerging in the blockchain industry today —attention tokenization,...
At the Token2049 conference, blockchain experts debated the Ethereum chain’s current problems. Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai. The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has...
Muneeb Ali, co-founder of Stacks, shared his perspective on the rapid shift towards a diverse and active phase of innovation within the Bitcoin ecosystem. Ali highlighted a notable shift in the challenges faced by Stacks within the Bitcoin ecosystem, with an increased focus on creativity and solution diversity at a panel during Dubai’s Token2049 event “The biggest problem with...
Solana-powered decentralized exchange Drift shared plans to roll out its governance token alongside a 100 million token airdrop. The governance token will allow holders to vote on future protocol decisions coordinated by the Drift Foundation and proposed by community contributors. An April 16 announcement said 180,000 users would receive 10% of DRIFT’s 1 billion total supply based on interactions...
To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining. Ore, a blockchain-based project launched on Solana, is exploring the right distribution method by using a proof-of-work (PoW) token distribution mechanism. The project is experimenting with combining PoW’s security with Solana’s fast transaction...
Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving. Shares of Marathon Digital Holdings, Riot Platforms, and CleanSpark have declined for three consecutive days. Marathon Digital Holdings, the largest public Bitcoin miner, lost nearly 25% of its stock value in the past month, while Riot Platforms lost almost 30%. Additionally, the...
