The Fantom Foundation, the organization behind the Fantom decentralized network, recently announced the creation of a new foundation for facilitating the launch of their new, upcoming Sonic chain. On May, 23, Fantom Foundation CEO Michael Kong announced the new foundation on the blockchain network’s blog. Kong wrote: “Our team is steadfast in exploring how the…
In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States. Ina May 23 filing, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise — approving the rule changes allowing…
A potential return of Bitcoin to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst. Escape velocity is a term used in astrophysics to describe the minimum speed needed for an object to escape from the gravitational field of a celestial body, like a planet or moon, without…
Wallet application MetaMask is reportedly working to support native Bitcoin, joining several firms looking to expand services and products across the Bitcoin ecosystem. The integration could be available in June and delivered in batches, with features expanding over time, notes a report citing sources familiar with the matter. In response to Cointelegraph, MetaMask has not confirmed or…
A bill clarifying the United States securities and commodities regulator’s roles in policing crypto is headed to an unknown future as it makes its way to the Senate before hitting U.S. President Joe Biden’s desk. The Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21), or H.R. 4763, passed the House on May 22 with…
On May 17, Ethereum co-founder Vitalik Buterin proposed a unique solution to combat Ethereum’s miner extracted value (MEV) problem. Miner extracted value refers to a practice where block producers seek to maximize profits by using intricate market strategies to arrange transactions within a block. Buterin provided one such example: “Consider decentralized exchanges like Uniswap. Suppose that at…
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