Statistics from blockchain analytics provider BaseScan shows that Layer-2 Network Base broke its previous record for daily transactions, set on launch in August. Base reached 1.88M transactions on September 14, exceeding the earlier record of 1.41M transactions reached on August 21. The layer-2 network processed more transactions than Optimism and
September 17, 2023 1 min read
After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the
September 17, 2023 1 min read
The United States SEC recently submitted evidence against Binance U.S in the ongoing action, demonstrating the exchange’s failure to comply in compliance with a previously negotiated consent order. In a separate development, Binance U.S has argued that the SEC’s demands are uncalled for in an emergency restraining order. After filing
September 15, 2023 2 mins read
The crypto exchange Remitano had a security breach yesterday. Suspicious activity was observed with the withdrawal of over $2.7M in cryptocurrency. Amidst the chaos, Tether took prompt action, freezing $1.4 million. At around 12:45 PM, an alert was generated when a verified Remitano hot wallet began transmitting funds to an
September 15, 2023 1 min read
Ripple’s relentless resistance against the United States SEC continues to attract attention from the crypto community at large. The firm plans to keep moving forwards with key innovations and collaborations. Ripple is still planning to expand internationally despite the ongoing SEC pursuit and bearish market sentiments. According to David Schwartz,
September 14, 2023 2 mins read
Vitalik Buterin, co-founder of Ethereum, spoke with David Hoffman at Blockworks’ Permissionless event recently, outlining his hopes for Ethereum and the larger Web3 ecosystem. Buterin said that existing advancements in the blockchain field, such as DeFi and NFTs, are vital but relatively restricted in magnitude, and he called for more
September 14, 2023 2 mins read
In an effort to test the viability of a CBDC, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI), have collaborated. Project Sela is an effort to build a robust, decentralized, reliable CBDC (rCBDC) ecosystem that puts privacy
September 13, 2023 1 min read
Glassnode, a blockchain analytics platform, recently reported that just around 53.5% of Ethereum addresses are profitable. The cryptocurrency’s price has dropped by 13.66% over the previous 30 days. Moreover, the price of Ethereum recently broke the key support level of $1600. According to Glassnode’s calculations, the last time the percentage
September 13, 2023 1 min read
According to a recent press release, PayPal has expanded its presence in the Web3 sphere with the addition of PayPal On and Off Ramps integration. The most recent change is geared toward making digital wallets, decentralized dApps, and NFT marketplaces more readily available in the U.S to facilitate the buying
September 12, 2023 2 mins read
Bitcoin price has so far managed to avoid further decline by finding support around the $25,000 region; it was around this price that the last upswing to $31,500 began. BTC made a dramatic recovery after yesterday’s drop, climbing to around $26,000 earlier today. In a short time, the BTC price
September 12, 2023 2 mins read