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The US Supreme Court officially rejected President Biden’s Studen loan debt forgiveness plan today. Indeed, the court ruled to reject the debt cancellation plan that would eliminate $430 billion in student loan debt. Moreover, concerns had previously been raised as to whether or not the plan was legal.  The student loan debt cancellation initiative introduced by Biden would have eliminated up to $20,000 of student debt for tens of millions of Americans. The plan had been introduced in 2022, using the COVID-19 pandemic as the reasoning behind its necessity. However, the highest court in the country has now struck down the plan.  BREAKING: US Supreme Court rejects President Biden's plan to cancel $430 billion in student loan debt. — Watcher.Guru (@WatcherGuru) June 30, 2023 Also Read: US Supreme Court to Allow $6 Billion in Student Loan Debt to be Cancelled Supreme Court Rejects Biden Student Debt Plan It has been a consistent aspect of Joe Biden’s presidency over the last two years...

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear market s is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon is gone. Three Arrows Capital, Su Zhu, Kyle Davies and a handful of other hucksters and snake oil salesmen have been exiled. And good riddance to all of them. Crypto doesn’t need hopium, messiahs, populists and dream peddlers. What we need are build ers, fresh ideas, solutions that have product-to- market fit and some sort of realistic real world application. That’s what I like about blockchain conferences. Especially during a bear market. The buidl first mentality is the whole vibe of Polkadot Decoded. For the past two days, ...

Terra 2.0: The Reinvention of a Blockchain Ecosystem LUNA 2.0 is Do Kwon’s upgraded version of Terra (LUNA), created to recover from the recent downturn. Crypto investors will get free tokens and a new version of the Terra blockchain. The Terra 2.0 policy includes occasional LUNA token distributions to investors who owned more than 10,000 LUNA before the market crash. Terra 2.0 gets more trust and stability this way. Initially, 30% of investors’ LUNA tokens will be unlocked, and the rest will be released in 2 years. Terra 2.0 tokens will be available after six months. Terra 2.0: Exploring Proof-of-Stake Consensus and Delegation Terra 2.0 uses a consensus mechanism called proof-of-stake (PoS). The tokens they have connected to their nodes determine their vote. Gas fees and a 7% inflation rate reward LUNA 2.0 tokens. By delegating their tokens to a validator of their choice, LUNA 2.0 token holders can participate in consensus. Validators have their own stake in the networ...

Agoric, a blockchain network built on Cosmos, aims to empower developers in building DeFi applications using JavaScript. The Inter Protocol application, operating on the network, has launched its new minting application called Vaults. Inter Protocol is a decentralized application on Agoric. It is an application layer that is responsible for implementing the Inter Stable Token (IST), a native stablecoin on the Cosmos network.  Dean Tribble, CEO of Agoric, noted in a press release reviewed by Blockworks that Vaults will offer an alternative way to mint stable coins “setting decentralized tokens apart from their fiat-backed equivalents.” “Fully functioning Vault systems allows crypto collateral holders to leverage their assets and fulfill their demand for IST, which in turn contributes to the Agoric economy through fees,” Tribble said. IST itself is similar to Maker DAO’s DAI — a decentralized stable coin pegged to the US dollar.  Blockworks Research analyst David Rodriguez said IS...

Also Read: Michael Saylor’s MicroStrategy Buys Another 12,333 Bitcoins, Bull Run On? advertisement The central bank chief’s warnings on rate hikes come at a time when a vast majority of traders believe the July 26 meeting of the Federal Open Market Committee (FOMC) would deliver a rate hike. According to the CME FedWatch Tool, an overwhelming 81.8% of the respondents showed confidence of a rate hike. Powell Speech: More Restriction Coming The US Fed Chair participated in a monetary policy forum hosted by the European Central Bank (ECB), along with other global central bank leaders in Sintra, Portugal. The forum has ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda in attendance. Powell explained that there was a strong majority among the Fed officials to go for two more rate hikes. “We believe there is more restriction coming, driven by the labor market. There is a strong majorit...

Bloomberg’s senior ETF analyst believes BlackRock has an even chance of getting its Bitcoin ETF green-lit, as Grayscale looks more likely to win its case against the SEC. Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved , says Bloomberg’s senior ETF analyst Eric Balchunas.  Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation analyst for Bloomberg Intelligence, who now pegs the chance s of Grayscale winning its case against the SEC at 70%. Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst @NYCStein gives Grayscale a 70% chance of winning case against SEC, who could approve BlackRock's ETF as way to save face using trusted 'adult' TradFi cos & stick it to Grayscale via @JSeyff pic.twitter.com/pHydOcpuQo — Eric Balchunas (@EricBalchunas) June 27, 2023 Balchunas explained that the SEC may look more favorably...

Arbitrum (ARB) recently made headlines because it released new development tools. This information has caused a bullish trend for Arbitrum (ARB), yet not to the extent of VC Spectra. VC Spectra (SPCT) , an innovative decentralized hedge fund , has gathered all the investors. Both experienced analysts and crypto newbies are rushing to SPCT, with the expectation of 10x gains during the PR esale. So, while Arbitrum (ARB) has a good market standing, it’s still left to see whether it can surge to VC Spectra’s level and realize a 900% surge. Let’s get to the facts. BUY SPECTRA TOKENS NOW Arbitrum (ARB) With A New Set of Dev Tools Yesterday, Offchain Labs announced on Twitter the release of a quickstart guide and tools to help developers create an Arbitrum Orbit chain with ease. This allows Arbitrum (ARB) developers to deploy L3 networks that can use an Arbitrum (ARB) Rollup-based L2 network as a settlement layer. By releasing these tools, Offchain Labs have enabled develo...

Join Our Telegram channel to stay up to date on breaking news coverage The United Nations Children’s Fund (UNICEF) is the latest humanitarian institution to put cryptocurrencies to good use. It now appears to have finally begun disbursing funds from its UNICEF Cryptocurrency Fund.  This week, the children-focused arm of the United Nations announced that it would be sending 125 ETH tokens (worth about $28,500) to eight tech companies, all of which are based out of emergent economies. Testing Crypto Transfers for International Aid Per the release, the funds will be aimed at helping these companies to scale up and prototype their technologies for the next six months. The same companies have already received over $100,000 in fiat currency, thus making this funding technique a new step for the humanitarian organization. In the statement, Chris Fabian, the Co-Lead of UNICEF Ventures, explained that the body is merely responding to the quick shift that the world has made toward...

This latest report is a guide to help the next generation of cryptocurrency users and veterans alike in the ways of decentralized finance. The cryptocurrency market saw an explosion of growth during the 2021 decentralized finance (DeFi) Summer and increased fear of missing out (FOMO), which drove prices of Bitcoin (BTC) and much of the cryptocurrency market to all-time highs. During that time, the total value locked (TVL) across DeFi rose to nearly $180 billion before crashing down to earth.  After the past few weeks of the BTC price crossing the $30,000 threshold, some are speculating if the market is gearing up for another bull run. That could signal interest from both veterans of past cycles and those new to crypto to get interested in DeFi, and Cointelegraph Research’s latest report is here to help give insights to past, present and future DeFi users. Download the report on the Cointelegraph Research Terminal. “Investing in DeFi: A Comprehensive Guide” report is a perfect start ...

The crypto industry in Europe is currently facing various regulatory and geopolitical challenges. Despite these obstacles, cryptocurrencies such as bitcoin (BTC) and digitoads (TOADS) have been making notable progress and achieving new milestones in the crypto market. DigiToads is a crypto project integrating play-to-earn (P2E) gaming and stake-to-earn mechanisms into its ecosystem. Bitcoin continues to attract investors with its pioneering status in crypto. Meanwhile, DigiToads has been garnering attention from crypto enthusiasts and analysts worldwide due to its Features and ongoing presale , positioning it as a project that investors are considering. Bitcoin and DigiToads are impacting the European crypto market and gaining recognition within the decentralized finance (DeFi) industry. You might also like: Bitcoin price above $30,000, DigiToads presale demand rising as TOADS rally Let’s explore how Bitcoin and DigiToads are breaking new records amid the challenges i...

Despite the Securities and Exchange Commission’s crackdown on prominent participants in the industry, many traditional finance giants remain undeterred in their pursuit of crypto-related opportunities. Though regulatory clarity will be key for such companies, industry watchers said, financial heavyweights look to utilize their regulatory muscle and large client bases to move deeper into crypto in a bid to help shape the future of finance. Since the SEC sued Binance and Coinbase, competing exchanges have delisted tokens that the SEC deemed securities, including Robinhood, eToro, and Bakkt. The SEC kicked off 2023 with a lawsuit against Gemini and Genesis for allegedly mishandling customer funds. It telegraphed its lawsuit against Coinbase by slapping the company with a Wells notice in March. Despite the SEC’s ramp-up of enforcement actions in the space, certain TradFi firms are staying the course — seemingly viewing the space as a long-term play. BlackRock, Deutsche Bank, Citadel ...

Chorus One, one of the largest institutional staking providers, has launched Red Horizon — software designed to streamline developers’ interaction with the Urbit server. Urbit is an architectural framework that is blockchain adjacent. It is not a traditional blockchain, but rather a different approach to programming and design, Gary Lieberman, Urbit lead at Chorus One, told Blockworks. The architecture is designed to be a peer-to-peer network of personal servers, where each person has their own “urbit” — or a computer that runs in the cloud. “It’s a computer that’s always on, always connected, it’s always sending and receiving messages, and running programs that tell it what to do when it sends and receives a message,” Lieberman said. Traditionally, when a user sends messages through encrypted messaging platforms, the information is still passed through a cloud server — usually run by a large corporation or centralized entity, such as AWS.  Although there may be very legitimate ...

Bitcoin enjoyed a bullish week amid multiple positive developments. The BTC price surged from $26,330 on June 19 to a yearly high of $31.458 on Friday. Robert F. Kennedy Jr., a Presidential Candidate, proclaimed support for Bitcoin. Bitcoin enjoyed a bullish week amid multiple positive developments. The BTC price surged from $26,330 on June 19 to a yearly high of $31.458 on Friday, June 23, 2023, according to data from TradingView. Bitcoin dragged the rest of the cryptocurrency market along, with almost all the top cryptos registering significant gains. Among the positive developments for the crypto market are the launch of digital assets trading by EDX Markets and the proclaimed support for Bitcoin by one of the Presidential Candidates in upcoming elections in the US.  JUST IN: Presidential candidate Robert F. Kennedy Jr. says he will ensure "we have policies that support #Bitcoin and the freedom to transact." — Watcher.Guru (@WatcherGur...

U.S. presidential candidate Robert Kennedy voices unwavering support for Bitcoin. Kennedy advocates for policies that enable freedom in managing digital assets. Michael Saylor highlights the unprecedented backing of Bitcoin from four presidential candidates. In a recent interview with the New York Post, Robert F. Kennedy Jr., a U.S. presidential candidate, emphasized his support for Bitcoin and his commitment to implementing policies that bolster the crypto and enable the freedom to transact. Kennedy firmly believes in allowing individuals to manage their Bitcoin wallets, nodes, and passwords without unnecessary interference. He aims to establish policies that support Bitcoin and ensure minimal controls are in place to prevent money laundering. Additionally, Kennedy expressed that central bank digital currencies (CBDC) represent instruments of control and oppression, and he opposes their implementation. Meanwhile, renowned entrepreneur and MicroStrate...

Crypto billionaire and Tron network founder Justin Sun recently withdrew $29.7 million of ether (ETH) from the staking platform Lido Finance, according to blockchain data. He then sent the tokens to the crypto exchange Huobi. Sun’s crypto wallet received a total of 15,805 ETH from Lido’s withdrawal address on Thursday after requesting to unstake the tokens the day before. This is according to data from the blockchain monitoring platform Arkham Intelligence. Source – Cryptopolitan Ethereum is up 12.7% in the last week, data from CoinMarketCap shows. Many crypto assets have rallied over the past seven days with the news of many traditional financial institutions getting more involved in crypto, such as BlackRock. Justin Sun appears to be taking advantage of these rises and is likely looking to sell some of his Ether collection, with his decision to unstake Ether. Sun’s digital asset holdings in labeled crypto wallets were worth $1.2 billion, per Arkham. After the transaction, the wallets...