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Blockchain projects Algorand (ALGO) and Flow (FLOW) have hit new all-time lows after being classified as securities by the U.S. Securities and Exchange Commission (SEC). Algorand (ALGO) and Flow (FLOW) Hit Bottom After SEC Security Classification On June 10, both Algorand (ALGO) and Flow (FLOW) plunged to new all-time
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In response to the negative outlook following Solana’s (SOL) classification as a security by the SEC, the community is proposing a fork of the coin. Community Proposes Fork of SOL After SEC Classification as Security Recently, a proposal appeared on Twitter suggesting forking Solana (SOL) into a new project
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Tether has issued $1 billion in USDT on the Ethereum network to assist Binance with liquidity conversion. This marks the second $1 billion issuance by Tether in less than two months. Tether Issues Another $1 Billion USDT to Support Binance’s Liquidity Transition from TRON to Ethereum Binance Transfers $750
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Polygon Labs, the development team behind the Polygon blockchain, has issued an official response regarding the SEC’s classification of MATIC as a security in its lawsuits against Binance and Coinbase. Polygon Labs: MATIC Is Not Just for Americans Following responses from the Solana Foundation and Input Output, the development
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The US Department of Justice (DOJ) has charged two Russian nationals for their alleged role in the theft of hundreds of thousands of Bitcoins from the now-defunct Mt. Gox exchange. US Charges 2 Russian Nationals in Mt. Gox Hack Scheme On June 9, the DOJ announced that the suspects are
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The crucial Bedrock upgrade has significantly reduced transaction fees on the Optimism layer-2 network. Gas Fees on Optimism Plunge After Bedrock Upgrade According to data compiled by the OP Labs team on Dune, transaction fees on the Optimism network have been cut by more than half, dropping from 6,890
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Three cryptocurrencies—Solana (SOL), Cardano (ADA), and Polygon (MATIC)—are facing severe declines after being classified as securities by the U.S. SEC. SOL, ADA, MATIC Plunge as SEC Labels Them Securities Not just BNB, but many cryptocurrencies named in the SEC's lawsuit against major exchanges Binance and
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As BNB’s price continues to decline, the community is increasingly concerned about the looming risk of a major $200 million loan facing potential liquidation. Breaking: $200 Million in BNB Faces Potential Liquidation Risk! Update as of June 12: BNB Chain announced on June 12, 2023 (Vietnam time) that the
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TrueUSD (TUSD) has unexpectedly depegged from its $1 value following news that it will suspend minting services through Prime Trust, causing ripples across the crypto market. TUSD Faces Depeg On June 10, 2023, TrueUSD announced via Twitter that it would halt the issuance of TUSD through Prime Trust until further
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Arbitrum has become the ninth blockchain to feature a dedicated USDC issuance by Circle. Circle has announced that the native USDC token has officially launched on the Arbitrum network, in line with the previously announced plans on June 1, 2023. “Businesses with Circle accounts can now access Arbitrum USDC and
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The layer-2 solution Optimism has announced that it will recognize ETH as a native token of the network alongside OP. Optimism to Recognize ETH as a Native Token Alongside OP Following the Bedrock upgrade, Optimism will officially treat ETH as a native token of this layer-2 network, operating alongside OP.
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The Solana Foundation has responded to the U.S. Securities and Exchange Commission (SEC) by asserting that the SOL token is not a security. Solana Foundation: SOL is Not a Security Update as of June 11, 2023: In a statement posted on Twitter on June 11th, the Solana Foundation reiterated
