Flow soars: Flow, a token powering a blockchain network focused on non-fungible tokens (NFT), surged in price after the big cryptocurrency exchange Binance said Friday it would list the project. Binance said at 7:00 UTC (3 a.m. ET) that it would list the FLOW token; since then, the price has rallied 61% to $29 from $18. On a 24-hour basis, the cryptocurrency is up 30%.
Framework to Regulate Crypto, Stablecoins: Legislation before Congress to provide a “comprehensive legal framework” to regulate the digital asset market and possibly grant the federal government the ability to ban some stablecoins was introduced in the U.S. House of Representatives Wednesday. According to sponsor Rep. Don Beyer (D-Va.), chairman of the U.S. Congress Joint Economic Committee, the existing digital asset market structure and regulatory framework are too “ambiguous and dangerous for investors and consumers.”
Six Dapps to Go Live on SKALE: Ethereum scaling project
Skale has announced which decentralized applications (dapps) will first
go live on its network. Skale Labs CEO Jack O’Holleran told CoinDesk
that teams will be releasing their dapps between now and the end of this
summer. Boot.Finance, Covey, CurioDAO, Human Protocol, Ivy and Minds
are the projects in the initial cohort. rm.
Relevant News:
Other markets
Most digital assets on CoinDesk 20 ended up higher on Friday.
Notable winners of 22:45 UTC (6:45 p.m. ET):
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