Coins.ph Increases Cash-In Limits to ₱10M
Coins.ph has raised its standard daily cash-in limits to ₱500,000 for Level 2 accounts (ID and selfie verified) and ₱10 million for Level 3 accounts (with proof of address and proof of income). These changes come as part of the company's efforts to comply with regulatory requirements while providing flexibility and security to its users. The increased limits offer more options for verified users to transact larger amounts, reflecting the company's commitment to enhancing its services. (BitPinas)
Solana Surpasses XRP to Become Fifth-Largest Crypto
Solana has overtaken XRP as the fifth-largest cryptocurrency by market capitalization, driven by the recent surge in meme coin popularity. The rise of meme coins has contributed to increased attention and investment in Solana, boosting its market position. This development underscores the dynamic nature of the cryptocurrency market and the influence of meme-driven trends on digital asset rankings. (CoinDesk)
Daily Gas Spent on EVM Inscriptions Surges Amid Ordinals Craze
The daily gas spent on Ethereum Virtual Machine (EVM) inscriptions has surged to a record high due to the Ordinals craze, reflecting increased activity and demand for block space, and not just on the Bitcoin Network. This surge in gas usage indicates heightened network congestion as users engage in Ordinals transactions, driving up transaction fees. The trend highlights the impact of popular events like the Ordinals craze on Ethereum's network dynamics and overall blockchain market. (Cointelegraph)
Phantom Integrates Bitcoin Ordinals and BRC-20 Tokens
Phantom, a popular cryptocurrency wallet, has added support for Bitcoin ordinals and BRC-20 tokens. This integration expands the wallet's capabilities, allowing users to manage these assets alongside other cryptocurrencies. The move reflects Phantom's commitment to offering a comprehensive platform for managing diverse digital assets. (The Block)
Shiba Inu Considers Offering SHIB Internet Domains
Shiba Inu, the cryptocurrency, is exploring the possibility of offering SHIB holders the opportunity to acquire SHIB internet domains. This move aims to further integrate the SHIB token into various aspects of the internet and digital space. If implemented, SHIB holders would have a unique way to showcase their affiliation with the Shiba Inu community. (CoinDesk)
Chainlink Integrates Data Feeds with Polygon's zkEVM
Chainlink has integrated its widely-used decentralized oracle network with Polygon's zkEVM, a scaling solution for Ethereum-compatible blockchains. This integration enables developers building on Polygon's zkEVM to access Chainlink's high-quality data feeds for their decentralized applications (dApps). By leveraging Chainlink's trusted data, developers can enhance the security and reliability of their dApps on Polygon's zkEVM. (Crypto Briefing)
Ledger Addresses Security with DApps
Ledger, a prominent hardware wallet provider, has announced the suspension of blind signing for decentralized applications (DApps) on its platform. This decision aims to enhance security by encouraging clear signing practices and reducing the risks associated with blind signing. Ledger's move reflects its commitment to prioritizing user security and aligning its practices with evolving industry standards. (Crypto Briefing)
Immutable Launches Interoperable Tool for Video Games and Marketplaces
Immutable, a blockchain gaming platform, has introduced an interoperable tool that spans multiple video games and marketplaces. This tool, called "CrossVerse," aims to enable seamless item transfer and interoperability across different gaming environments. By leveraging blockchain technology, Immutable seeks to enhance the gaming experience by allowing users to retain ownership of their in-game assets across multiple games. (The Block)
Real Estate Firms Explore B2B Cryptocurrency Payments
Real estate companies are increasingly exploring the use of cryptocurrencies for B2B payments, signaling a growing acceptance of digital assets in the real estate sector. The move aims to streamline cross-border transactions and reduce costs associated with traditional banking systems. This trend reflects a broader shift towards embracing blockchain technology and digital currencies in traditional industries. (PYMNTS)
42 Countries Address Crypto Regulations in 2023
In 2023, 42 different countries have either discussed or passed crypto-related regulations and legislation, marking a significant global focus on cryptocurrency regulation. This trend reflects the growing importance of crypto in the global financial landscape and the need for regulatory clarity. The involvement of various countries suggests a broad and diverse approach to addressing the challenges and opportunities presented by cryptocurrencies. (CoinDesk)
