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Staying up to date with the latest developments in the crypto space is crucial. June 2023 presents a lineup of intriguing cryptocurrencies making swell for various reasons. This article is a daily crypto roundup with the latest updates on market trends and price movements of various cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more.
Bitcoin extended its gains and advanced more than 5 percent to top the $30,000 mark, while Ethereum was also trading higher as it jumped about 6 percent and reclaimed the $1,900 level. Ethereum (ETH) managed to rise above the $1,900 mark alongside. Other popular altcoins like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) saw notable gains across the board. The global crypto market cap stood at $1.19 trillion, with a volume of nearly $58.5 billion in the past 24 hours.
Ripple said it received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore, the country's central bank.
The license allows Ripple to offer regulated digital payment token products and services and expand customers' use of XRP, a cryptocurrency it is closely associated with.
Ripple continues to spar with the Securities and Exchange Commission over a lawsuit.
In a significant move, Tether Operations Limited, the company behind the pioneering and widely adopted stablecoin Tether (USDT), has announced the launch of its U.S. dollar-pegged tokens on the Kava blockchain. While USDT was primarily launched on the Ethereum blockchain, it has expanded to other mainstream Layer 1 and Layer 2 protocols over the past few years. Today, users can hold the USDT stablecoin on Polkadot (DOT), Solana (SOL), Tron (TRX), and BNB Chain, among others. Read more updates on daily crypto roundup…
In a June 21 filing in the U.S. District Court for the District of Columbia, legal counsel for Binance, Binance.US, and the firm's CEO, Changpeng Zhao, asked that the court compel the U.S. Securities and Exchange Commission (SEC) to comply with the applicable rules of conduct and refrain from making misleading statements outside the courtroom.
The lawyers were referring to a June 17 press release issued by the SEC, describing the agreed-upon consent order between the two parties as "emergency relief" that was secured to protect Binance.US' customer assets.
Singapore-based fintech company dtcpay, which specializes in bridging traditional and digital currencies through its integrated payment platform, has successfully garnered US$16.5 million (equivalent to $22.2 million) in a pre-Series A funding round.
A local news outlet reported that Kwee Liong Tek, who presides as the chairman of the property development firm Pontiac Land Group, played a pivotal role in the funding round.
Developers released an upgrade to reduce epoch transitions to make the Cardano blockchain smoother for network users on Monday.
As reported by Coindeck, Epochs refer to the periods on the Cardano blockchain. Each epoch lasts 432,000 slots, and each slot lasts 1 second – meaning a single epoch lasts roughly five days. ADA tokens are staked during these epochs, during which new blocks on the Cardano network are produced.
Upgrade 8.1.1 changes how epoch calculations are made to speed up network processes during the change in epochs.
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