Avalanche To Buy Memecoins For Culture
Avalanche To Buy Memecoins For Culture
Binance Grew 30% This Year Despite All Troubles, Airline Tickets On-chain From Viva Aerobus, India To Block Major Offshore Exchanges
Welcome to Coinfeeds Daily Digest and happy holidays! Today we further cover Vitalik's shared proposal on the simplification of Ether's PoS, discuss the growth of zkSync as it outpaces Ethereum in monthly transaction volume because of a surge in inscriptions, India's FIU issuing compliance notices to and blocking the URLs of 9 exchanges that include Binance & Kraken, as well as the Avalanche Foundation preparing to buy meme coins using its $100 million NFT incubator as part of an attempt to drive culture forward. Although Binance and its ecosystem appear to have suffered from the recent scandal and settlement, the exchange's user base grew 30% this year. In other news, a judge ruled LUNA and MIR were ruled as securities, and TravelX is unveiling blockchain-based airline tickets with Viva Aerobus.
Market Update
News
Avalanche Foundation Will Buy Memecoins To Embrace Culture
To embrace the cryptocurrency community's unique culture, the Avalanche Foundation has announced plans to allocate funds from its $100 million NFT incubator towards purchasing meme coins. This initiative dubbed the 'Culture Catalyst' is not just a financial investment but a nod to creativity and communal spirit. | Read More
Buterin Shares PoS Simplification Proposal
Buterin has proposed a proposal that could potentially reshape Ethereum's proof-of-stake system, aiming to streamline the process and enhance the network's efficiency. The proposed changes have sparked a lively debate within the community regarding the balance between security and simplicity. | Read More
Binance User Base Grew 30% This Year Despite All Challenges
In a year marked by regulatory challenges, Binance, the world's largest cryptocurrency exchange, has reported a significant increase in its user base. Despite a high-profile legal settlement in the United States and the stepping down of its founder, CZ, the platform's number of accounts has surged by 30%, reaching 170 million. | Read More
TravelX and Viva Aerobus Launch Blockchain Tickets
TravelX, a blockchain technology company, has teamed up with the Mexican airline Viva Aerobus to bring a digital transformation to how we think about airline tickets. By leveraging the power of the Algorand blockchain, this partnership is set to change the landscape of airline inventory management. | Read More
Judge Rules LUNA and MIR as Securities
In a landmark decision that could have far-reaching implications for the cryptocurrency industry, a U.S. federal judge has declared that Terraform Labs' LUNA and MIR tokens are securities. This ruling comes as a significant development in the ongoing legal scrutiny of digital assets and their classification. | Read More
India To Block Binance, Kraken, Other Offshore Exchanges
The Indian government's mandate in March was clear: all crypto businesses must register with the FIU to operate legally in the country. The recent notices suggest that the aforementioned exchanges may not have complied with these requirements, leading to the government's decision to potentially block their URLs. | Read More