The proposed ERC 6551 token standard for NFTs is generating interest among crypto enthusiasts, as it would enable digital assets to own other tokens, a development that could significantly transform the NFT and metaverse landscape. Speaking to Laura Shin on a recent episode of the Unchained Podcast,  Benny Giang and Jayden Windle, two of the authors The post Will ERC 6551 transform Ethereum metaverses with NFT-owned wallets? appeared first on CryptoSlate.

The landscape of blockchain scalability has evolved significantly in recent years, with Layer-2s (L2s) and sharding emerging as the two dominant approaches. Ethereum, a key player in the crypto industry, has adopted rollup-centric L2s to scale its network, while NEAR protocol has taken a different path, choosing to scale via sharding. Both strategies offer unique The post Shards and Layer-2s: Unpacking NEAR and Ethereum’s contrasting approaches to blockchain scalability appeared first on CryptoSlate.

Circle, the USDC stablecoin provider, appears to be targeting the 74% of Asia Pacific (APAC) trade invoicing processed in US dollars between 1999 and 2019, as per FED estimates. In a recent blog post, Circle’s executives underscored the potential role of the digital dollar, specifically USDC, in the APAC financial landscape, given the persistent use The post Circle targets APAC’s 74% USD trade invoicing for digital dollar growth appeared first on CryptoSlate.

While experiencing strong growth in its crypto industry, Portuguese natives display a relatively cautious approach to digital assets compared to the global average, according to The Portugal News, a local Portuguese media outlet. It is estimated that 268,000 individuals in Portugal are actively investing in digital currencies, making up about 2.6% of the country’s population, The post Crypto adoption in Portugal below global average, just 2.6% hold digital assets appeared first on CryptoSlate.

Bitcoin’s value slid below the $30,000 mark as the Securities and Exchange Commission (SEC) signals an impending block on spot Bitcoin exchange-traded funds (ETFs), according to a report by the Wall Street Journal. This development comes amidst a flurry of spot ETF applications by numerous asset managers seeking broader market access to the cryptocurrency. Quick The post Bitcoin breaks below $30k as WSJ reports SEC will block spot Bitcoin ETFs again appeared first on CryptoSlate.