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 […]
On-chain sleuths linked transactions between addresses involved in major exploits and linked to DPRK’s Lazarus group. ZachXBT’s analysis of the hacks on payment providers Alphapo and Coinspaid point to the infamous North Korean cybercrime organization. Losses from the hacks on decentralized wallet Atomic Wallet and Alphaho exceed $160 million combined. Coinspaid suspended withdrawals citing a “technical issue” around the same time hackers attacked Alphapo. Out of the ROK, Lazarus comes forth! The notorious cybercrime group from North Korea could be […]
Worldcoin launched on Monday with an airdrop of 43 million tokens to over 2 million sign-ups. The digital identity-styled protocol sparked debates regarding centralization and privacy following its Monday debut. Ethereum co-founder Vitalik Buterin opined that WLD’s biometric proof of personhood model presents opportunities and concerns alike. The token is up over 50% since listing on major crypto exchanges like Binance, Kucoin, Huobi, Bybit, and OKX. Worldcoin (WLD) – the token for Sam Altman’s digital identity protocol – skyrocketed over […]