This tool, which is the first of a series of planned products, is designed to accelerate transaction processing speed on the Cardano network.
Next week, new regulations are expected to be finalized that would mandate crypto companies, including those located outside the EU or dealing in non-fungible tokens, to register with tax authorities.
Starting from the summer of 2022, Zhao has been trying to sell off some of his shares in an effort to improve the company's image in the eyes of U.S. regulators.
Binance Labs has managed to expand its assets from $7.5 billion to $9 billion, defying market bearishness and weathering the storm of the post-FTX collapse turbulence.
The crypto exchange caused controversy when they stated that the Pepe the Frog meme had been taken over as a symbol of hate by alt-right groups.
Musk kept the identity of his replacement under wraps, but he did share that the incoming CEO is set to begin their tenure in roughly six weeks' time.
The cryptocurrency exchange stated that meme coins offer the potential for investors to generate substantial profits within a brief timeframe. However, it cautioned against long-term investment in these tokens.
Several House committees with jurisdiction over the matter convened to deliberate on how to proceed with crafting legislation regarding cryptocurrencies. However, a prominent Democrat among them expressed reservations about the need for specialized regulatory measures for the crypto industry.
Officials are confident that next week, finance ministers will reach a formal agreement on legislation that permits the exchange of data regarding crypto and NFT assets among tax authorities.
Last week, the Federal Reserve indicated that it may halt its ongoing cycle of interest rate increases, despite inflation persisting above its 2% objective.