As the platform takes yet another hit, crypto exchange Coinbase reassures customers that their assets are secure. Customers of Coinbase Inc. reported a problem with the platform during the recent spectacular price surge of Bitcoin (BTC). Many customers were worried when their account balances supposedly showed zero due to a
March 5, 2024 1 min read
Vitalik Buterin, co-founder of Ethereum, lauded Reddit on Monday for its plan to include contributor ownership in its impending IPO. But he’s bummed out because Reddit’s contributors are subject to restrictions set by American law. Reddit is a prime platform for the cryptocurrency community to connect, debate, and share news,
March 5, 2024 1 min read
In the 19th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.21 billion Terra Luna Classic (LUNC) tokens. This brings the total number of tokens burnt by the Terra Luna Classic community to over 102 billion, while the net burn by the crypto exchange reaches over 53 billion.
March 2, 2024 1 min read
An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
March 1, 2024 2 mins read
Stake.link, the Chainlink Ecosystem’s delegated liquid staking protocol, has announced that cross-chain staking on Ethereum’s most popular Layer-2 network, Arbitrum, is now available. With this move, users will no longer have to pay outrageous gas expenses to stake LINK and receive incentives, allowing stake.link to open a second home on Arbitrum
February 28, 2024 3 mins read
With an eye toward improving performance on the Proof-of-Stake (PoS) network. Input Output HK, parent company of Cardano, has introduced the Plutus V3 engine. The statement states that SanchoNet is now ready for testing the new ledger language. Worth noting is that this improvement has been considered by Cardano and
February 28, 2024 1 min read
Some market observers were caught off guard last week by the sudden explosion in daily activity of VanEck’s spot bitcoin ETF. The relatively new investment product recorded more than $400 million in trading volume, a gain of almost 1,400% compared to the second most active day of the exchange-trade fund.
February 26, 2024 1 min read
Friendzone, a Web3 platform that redefines Social Finance (SocialFi) on the blockchain and is scalable and sustainable, has made its official debut on the Polygon Proof-of-Stake network. The Social Capital Marketplace launch marks the first of Friendzone’s many significant turning points in its goal to top the social media dApp
February 26, 2024 5 mins read
Polkadot has granted Dedicated liquid staking middleware Bifrost a 500,000 DOT treasury loan, the company stated. The one-year loan is meant to support the adoption, utilities, and use cases of the asset across DeFi dApps within the Polkadot ecosystem, including Substrate and EVM parachains. It was made possible after the Bifrost
February 23, 2024 2 mins read
According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that
February 23, 2024 2 mins read