Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. The exchange added that Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks will cease in September. Deposits on these networks including Ethereum will continue until further notice. After an SEC crackdown, the company previously swapped $1 billion BUSD from its SAFU fund into USDT and TUSD. Users with BUSD balances on Binance were advised to convert their holdings for other supported […]
Worldcoin has gained significant traction in Argentina, verifying the World ID of 9,500 Argentinians in a single day, despite facing an investigation by a local agency.
Coinbase Exchange will suspend 41 non-USD trading pairs next month, including ALCX/USDT and BIT/USD.
Friend.tech has reversed a controversial policy that sought to punish users who use rival SocialFi projects by forfeiting their reward points.
Curve DAO token (CRV) will deploy on BNB Chain as part of the deal with Binance Labs, the company’s incubation and venture capital arm. The $5 million investment follows brief concerns about the DeFi stableswap exchange after exploiters drained over $70 million from CRV and ETH pools. Recovery efforts have been largely successful, with white hackers and protocols recovering three-quarters of the stolen assets. Security veterans also proposed a collaborative initiative to provide emergency assistance given DeFi’s recent hacks. Binance […]
Coinbase becomes the first American publicly traded company to launch a decentralized network. The layer 2 blockchain Base is now open to the public with over 100 dapps and on-chain service providers like Chainlink available at launch. Base is an L2 network built as an alternative to Ethereum using Optimism’s OP stack. Coinbase’s blockchain recently made crypto media headlines after a rug pull involving the BALD memecoin. Base, the L2 Ethereum network backed and built by crypto exchange Coinbase, is […]
Fintech giant PayPal has rolled out a US Dollar pegged stablecoin on Ethereum called PayPal USD (PYUSD).
Matter Labs has denied allegations made by Polygon regarding plagiarism of its open-source code.
Crypto exchange Coinbase plans to increase access and functionality of its L2 network Base by August 9. The company announced an Ethereum bridge to allow users to send tokens to and from the Base chain. Included in the official mainnet launch are commemorative NFTs as a part of a month-long “Onchain Summer” promotion for the layer 2 network. Today’s announcement follows a rug pull incident involving a memecoin called BALD. Coinbase announced the release of an Ethereum bridge and NFT […]
Crypto exchange KuCoin has announced that it will suspend its mining pool services on August 15, 2023.