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What to Expect from Ethereum’s Pectra Update?
Slated for February 2025, the Pectra update could redefine how users engage with decentralized services on Ethereum’s network.
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Bitcoin Cash (BCH) Surges 110% in a Week
One of the oldest altcoins, has doubled in price since the beginning of the the last week – from $105 to $220.
Analysts credit this remarkable growth to the backing of the altcoin by the newly launched cryptocurrency exchange, EDX Markets.
EDX is new non-custodial cryptocurrency exchange, backed by major Wall Street players like Citadel Securities, Fidelity, and Schwab, has officially gone live a week ago.
It offers popular options like Bitcoin, Ether, Litecoin, and Bitcoin Cash, while consciously avoiding the list of tokens that the SEC considers to be financial securities. Yuga Labs' Book Celebrates CryptoPunks' 6th Anniversary
The creators of CryptoPunks, are crafting an immersive book that will detail each of the 10,000 Ethereum avatars, pixel by pixel. Set to release in Fall 2023, the book aims to showcase the artwork of CryptoPunks and their profound impact since their inception. Guy Fieri and Sammy Hagar's Santo Spirit Tequila Goes Web3
The premium brand Santo Spirit invites all connoisseurs of exclusive tequila and NFTs to join the Santo Spirits Club. The introduction of the loyalty program on Web3 comes on the heels of the new Añejo tequila release, which has a distinctive position within the Santo assortment. Why Are Cryptocurrency Exchanges Fleeing from Canada?
Multiple large cryptocurrency exchanges have ceased their operations in Canada, opting instead to collaborate with jurisdictions that display a friendlier attitude toward cryptocurrencies. They attribute this decision to the harsh regulatory requirements imposed by Canada. So, what are these demanding criteria? Binance Ordered to Halt Operations in Belgium
Belgium’s Financial Services and Markets Authority (FSMA) has taken action against Binance, instructing the popular cryptocurrency exchange to immediately stop offering any virtual currency services in the country.
In a statement released on Friday, the FSMA emphasized that individuals and firms governed by Belgian law, but not belonging to the European Economic Area, are prohibited from offering exchange services involving virtual currencies and legal currencies, as well as custody wallet services.
Failure to comply with this order could result in criminal sanctions, as warned by the regulator. 
Japan’s Largest Bank Plans to Issue Global Stablecoins
Mitsubishi UFJ Financial Group Inc. is engaged in discussions with global stablecoin issuers to launch its own tokens on its blockchain platform. With Japan’s stablecoin law in place, MUFG plans to utilize its Progmat blockchain platform to create stablecoins linked to foreign currencies such as the US Dollar. 
The Rise of a New Crypto Banking System
Global banking is gradually veering towards cryptocurrency. This is in many ways a compelled pivot, given the financial sector's transition from a state of denial and resentment to negotiation, ultimately leading to acceptance. Could this be the heralding of traditional finance's demise? 
Keep Network: An Overview of the Privacy-Focused Infrastructure
Keep Network serves as a platform for storing encrypted private data on a public blockchain. The system comprises off-chain data containers known as "keeps". This groundbreaking infrastructure opens the door for developers to design fully private dApps and smart contracts. 
Slovakia Opposes Digital Euro Dominance
The European Central Bank's ambiguity regarding the implementation and circulation of the digital euro has spurred Slovakian legislators to take preemptive action. Slovakia's Parliament has ratified a constitutional amendment, reinforcing the right to transact with physical euros for goods and services within the nation's borders. IMF Advises Against Cryptocurrency Ban
The IMF, in an article addressing CBDCs and cryptocurrencies in Latin America and the Caribbean, acknowledges, "While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run."
Interestingly, the article places more emphasis on the benefits of Central Bank Digital Currencies (CBDCs) rather than cryptocurrencies, while also highlighting potential problems linked with digital assets.
Furthermore, the IMF recommends improving transparency by including cryptocurrency transactions in national data records. SEC Holds Off $30M Fine to Aid BlockFi Investors
In a noteworthy development, the U.S. Securities and Exchange Commission (SEC) has chosen to take a backseat regarding the enforcement of a $30 million fine on BlockFi, the crypto lending company which is currently in bankruptcy. According to legal documents from Thursday, the SEC's stance is primarily aimed at ensuring that investors are repaid first. 
Hong Kong HSBC Customers Gain Access to Crypto ETFs
HSBC Hong Kong, a part of the Hong Kong and Shanghai Banking Corporation, has launched its first cryptocurrency services. The bank is now allowing its customers to buy and sell exchange-traded funds (ETFs) based on Bitcoin and Ethereum, according to a report by local journalist Colin Wu on June 26. 
Leading Chinese Crypto Media Pivoting Away from Crypto
8btc, one of the oldest and most influential cryptocurrency news platforms in China, is undergoing a strategic shift.
The platform, renowned for its coverage of Bitcoin, blockchain, and cryptocurrency-related news, has announced its decision to transition away from crypto content and fully embrace artificial intelligence (AI) and the metaverse.
Founded in 2011, 8btc has published over 1.4 million articles and posts, attracting billions of page views. It has played a vital role in providing information, communication, and investment services for blockchain startups and investors. 
Optimism Rebranded As OP Mainnet
In a strategic move to align with its vision of building a network of interconnected Layer 2 blockchains, Optimism has rebranded itself as OP Mainnet. The name change signifies the distinction between the core blockchain infrastructure and the encompassing ethos of “Optimism.” Molten Indicates Depreciation of Ledger and Revolut
Ledger and Revolut, likened to a familiar quote from the Old Testament, have been weighed and found wanting. According to the specialists at investment firm Molten, the fair market value of these crypto projects has taken a substantial hit this past year. IMF's XC: Enabling Cross-Border Transfers and Future CBDCs
The IMF has crafted the XC platform, a solution designed to streamline cross-border payments. This project's intricate details were unveiled by Tobias Adrian, the Director of the Monetary and Capital Markets Department. As his address drew to a close, it became clear that the XC platform is projected to lay the groundwork for the global deployment of CBDCs in the future. 
Infinite Duels: Gladiatorial Bouts Show No Bounds
It appears that Mark and Elon aren’t the only ones itching for a showdown.
Following Buterin’s critique of Solana for its scalability being hampered by centralization and significant computational requirements, the community urged Solana’s creator to challenge Buterin to a duel.
However, in a display of true intellectual spirit, Anatoly Yakovenko (Solana) suggested an alternative — a game of chess with Buterin.
The Ethereum founder has not commented on this proposal yet.
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100,000 ChatGPT Logins Leaked
Over the past year, a Singaporean cybersecurity firm has discovered a major data breach involving more than 100,000 login credentials for the popular AI chatbot, ChatGPT. The compromised logins were traded on dark web marketplaces between June 2022 and May 2023, according to a recent blog post by Group-IB. Never miss any of the latest cryptocurrency news, in-depth crypto market analysis, and breaking updates on blockchain technology. From Bitcoin price trends to emerging NFT projects and DeFi developments, GNcrypto has everything to keep you informed and ahead. Stay informed and ready to seize the next big opportunity in the crypto world!