The Memecoin mania on Coinbase-supported Base has produced both enormous gains and the possibility of rug pulls. Memecoins are being accumulated by cryptocurrency traders in place of Bitcoin as a result of their potential for larger gains in comparison to Bitcoin’s declining returns. The top memecoins making news this past weekend include BALD, which soared … Read more
South Korean exchange Upbit suspended trading of Curve Finance (CRV) token after a major exploit on the platform. The exploit was caused by a reentrancy bug that affected certain stablecoin pools, putting over $100 million worth of assets at risk. Upbit temporarily halted CRV deposits and withdrawals to protect users from potential losses. Other exchanges … Read more
Ethereum celebrated its 8th anniversary with a market capitalization of approximately $227 billion. The project was introduced in November 2013 with Vitalik Buterin’s whitepaper, officially announced in January 2014. Ethereum achieved $400 billion in secured value, generating annualized profits of $3.6 billion, and 17.8 million blocks of digital assets. Ethereum’s decentralized platform empowered developers, leading … Read more
The SEC and Coinbase engaged in a regulatory dispute over Coinbase’s trading activities. To prevent a lawsuit, the SEC asked Coinbase to halt trading in all digital assets on its platform, with the exception of Bitcoin (BTC). Brian Armstrong, CEO of Coinbase, disagreed with the SEC’s interpretation and claimed that following it would create an … Read more
According to preliminary assessments, the anticipated losses are now in excess of $42 million, with assets worth $100 million at stake. On Sunday, July 30, Curve Finance, the Ethereum-based second-biggest DEX after Uniswap, was the victim of a massive exploit. The exploit often occurred as a result of a weakness in its programming language Vyper. A total … Read more
Mintlayer, a Bitcoin sidechain, has announced the commencement of a $4 million open-source development grants project and the beginning of the application process. The establishment of the awards program is the “first big ecosystem initiative in Mintlayer’s long-term development.” It is intended solely for projects that will directly benefit the Mintlayer ecosystem, followed by the … Read more
Trust Wallet, a decentralized crypto wallet service and infrastructure company, has entered into a new relationship with MoonPay and Ramp Network in an effort to bring further utility to its consumers. This was accomplished by signing a new partnership agreement. According to a report published by CoinDesk (1), the collaborations with the two payment firms … Read more
BTG Pactual, the investment bank Major in Latin America, just recently announced that it would launch its own stablecoin called BTG Dol. The bank has issued an official statement (1) indicating that the stablecoin will operate on the Polygon network and is currently available to customers. The blockchain network that the bank has decided to … Read more
A recent analysis published by the American cryptocurrency company Coinbase detailed how the use of cryptocurrencies might help Americans save millions of dollars in remittance expenses. As stated by the cryptocurrency corporation, the disjointed nature of the global financial system presents challenges for citizens of the United States who depend on remittance fees. (1) It … Read more
The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world. OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections. In addition, … Read more