Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.” Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops. Upon its launch…

The Bitcoin network has experienced a significant decline in its average block size and transaction rates, coinciding with a fall in price to around $64,100. The drop in block size — the measure of transaction data included in each block — indicates a sharp fall in Bitcoin blockchain activity, which hit a yearly low on June…

The Central Bank of Iran (CBI) is launching a national digital currency in a public pilot targeting domestic micropayments. On June 18, the CBI officially announced the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the digital rial. As part of the pilot, the Iranian digital currency will be available to banking customers and…

Ether has been under pressure since June 7, when it lost the $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change. Some analysts believe that the primary reason for the bearish momentum is a lack of institutional demand for cryptocurrencies. Others attribute it to…

Consensys, the company behind MetaMask, has updated its privacy policy to improve user consent, transparency and control of their personal data. According to a press release shared with Cointelegraph, the changes aim to apply greater privacy and security measures for users of Consensys’ services, including MetaMask. “As a blockchain software company whose mission is to…

Fox Corporation and the global media brand Time have partnered to use Fox’s Verify protocol to make content licensing and verification immutable. The collaborative effort aims to ensure journalism’s authenticity and combat misinformation in the press. Mark Howard, Time’s chief operating officer, emphasized this goal, stating: “Time is proud to join Fox’s Verify as an…