Etiqueta: #crypto

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.

Justin Sun’s Tron Group has reported a profit of $85 million in second quarter of 2023, marking a QoQ increase of 183%.

Tether’s attestation report for the second quarter of 2023 revealed that the USDT issuer recorded an operational profit of over $1 billion.

Crypto.com said the company was approved as a crypto service provider in the Netherlands after a thorough review of its business. The Dutch National Bank approved Kris Marszalek’s crypto exchange shortly after showing the door to leading trading venue Binance. Marszalek’s company has now successfully registered with regulators in the United Kingdom, France, and the United Arab Emirates as part of its global expansion roadmap. Crypto.com successfully registered in the Netherlands as a crypto service provider regulated by the De […]

According to Messari’s new report, user activity climbed on BNB Chain in the year’s second quarter. Daily active address count went up by 26% as daily transactions also grew. However, due to the negative impact of SEC’s regulator activity against Binance, BNB experienced a decline. Within the 90-day period between April and June, leading Layer 1 (L1) blockchain BNB Chain experienced a surge in network activity while its revenue dwindled, Messari found in a new report. According to the on-chain […]