BTC Miners Sent $70M to Crypto Exchanges in a Week: Report
Data from Glassnode analysts shows that between June 5 and 11, BTC worth approximately $70.8 million moved from miners to exchanges.
Ordinals Developers Launch Recursive Inscriptions
The Ordinals protocol based on the Bitcoin blockchain has introduced “recursive labels” to solve the problem of the 4 MB block space limitation of digital artifacts.
Kraken Unveils its NFT Marketplace
Kraken has released a non-fungible token (NFT) trading platform that finalized a closed beta testing. With the addition of the Polygon network, the selection of assets increased from 70 to 250, such as Reddit avatars.
Vitalik Buterin Makes Proposal for Sustainable Development of Ethereum Ecosystem
Vitalik Buterin, the co-founder of Ethereum, has outlined his vision for the future of the second largest cryptocurrency by market capitalization with a recently released roadmap.
The OECD Releases Reporting Rules for Crypto Assets
The Organization for Economic Co-operation and Development (OECD) has published a reporting system for crypto assets and amendments to the Common Tax Information Exchange Standard (CRS).
Binance.US Announces it is Suspending Deposits in US Dollars
Binance.US has announced the suspension of deposits in dollars on their American division for crypto exchange and recommended customers withdraw their fiat funds by June 13 via the ACH system.
Bank of Australia: Stablecoins Have Potential to Take More Prominent Position in Financial System
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
