Day: June 1, 2023

SYS Labs announces mainnet launch for EVM-L2 platform Rollux

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[ad_1] SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected after a successful testnet and positive feedback from the community. SYS Labs has announced the mainnet release of its EVM-L2 scaling platform Rollux will be on June 28, 2023. Rollux is an Optimistic rollup fork and will deliver the key features the blockchain ecosystem needs to achieve mass adoption – speed, security, affordability, and scalability. Rollux testnet successful According to the SYS Labs team,…

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Crypto Exchange Bybit Leaves Canadian Market Weeks Following Same Move by Binance

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[ad_1] Crypto exchange Bybit announced that it will cease offering its products and services in Canada just weeks after industry giant Binance decided to leave the country. In a new statement, Bybit says it will stop serving the Canadian market citing challenges in complying with new regulatory measures. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products…

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Billionaire Mike Novogratz Says One Massive Catalyst Will Send Crypto Off to the Races – The Daily Hodl

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[ad_1] Galaxy Digital CEO and founder Mike Novogratz believes that one catalyst could send digital assets soaring within months. In a new interview with CNBC, the billionaire predicts that the Federal Reserve will start cutting interest rates in October, after having raised them since last March to lower inflation. Novogratz says the Fed’s rate-cutting will likely send Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies soaring. Rate cuts inject liquidity into the financial markets and a surge in market cash flow has historically fueled crypto rallies. “If what I think is…

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Circle set to launch USDC natively on Arbitrum

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[ad_1] USDC natively issued by Circle will become the official version of the stablecoin on Arbitrum. The company expects native USDC to gradually replace “bridged USDC” liquidity from Ethereum. Circle says the launch will go live on June 8 and the Arbitrum Foundation will help ensure smooth transition for ecosystem apps. Stablecoin issuer Circle has announced the launch of USDC natively on the Arbitrum blockchain, noting that the release will see native USDC liquidity eventually replace Ethereum-bridged versions on the Layer 2 protocol. “USDC issued by Circle will be native…

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MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves

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[ad_1] The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s $1 billion supply. New York state regulators in February forced Paxos to halt minting Binance USD (BUSD) stablecoin. The decentralized finance (DeFi) lending protocol MakerDAO’s community has voted to drop the $500 million worth of USDP stablecoin from its reserves. This is a major blow to the Pax Dollar (USDP) stablecoin since the lending protocol held half of the USDP token supply. In total,…

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Devour and AlterVerse Partner To Bring the World’s First Web 3.0 Food Ordering Marketplace to the Metaverse

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[ad_1] June 1, 2023 – Phoenix, Arizona Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutionize the restaurant and gaming experience by expanding DevourGO, Devour’s Web 3.0 enabled guest engagement platform, to the upcoming release of AlterVerse’s Sky City gaming metaverse. DevourGO has emerged as a prominent player in token-gating food ordering experiences. It is gaining swift recognition for its innovative approach, which allows users to unlock these experiences by utilizing…

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