Thu, May 7

Coinbase’s Layer-2 Blockchain Records 136,000 DAU Post Public Debut

The number of daily active users on Coinbase’s layer 2 blockchain has surpassed 100,000 only one day after the network’s formal debut. On August 10, the day after its public debut, Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Base has been available for

August 11, 2023 1 min read

Crypto.com Integrates ZKSYNC to Boost User Experience

Singapore-based company Crypto.com has announced a significant upgrade to its cryptocurrency exchange platform. Users can now transact Ethereum (ETH) through the integration of ZKSYNC, a Layer 2 scaling solution known for its efficiency. Notably, ZKSYNC‘s Layer 2 technology has been gaining attention for its ability to tackle the scalability challenges

August 10, 2023 1 min read

Coinbase’s “Base” Launch Ignites Community Excitement

Coinbase, the leading US-based cryptocurrency exchange, has stridden in the crypto world by officially launching its decentralized blockchain, Base. It became the first publicly traded company to introduce its proprietary blockchain. The journey began earlier this year with the introduction of Base’s testnet in February, followed by a developer release

August 10, 2023 1 min read

Bitstamp Halts Trading of Seven Cryptos in U.S. Amid SEC Regulations

U.S. consumers will soon no longer be allowed to engage in trading in seven cryptocurrencies, according to the notice made on August 8. This is possibly due to recent regulatory updates by the U.S SEC. Beginning on August 29th, Bitstamp will no longer allow users in the United States to

August 9, 2023 1 min read

Binance Granted Full Operating License in El Salvador

Binance has recently announced it has been granted a full license to operate in El Salvador. This landmark event coincides with the rising acceptance of Bitcoin (BTC) as legal money in the nation. The exchange has made history with this statement by being the first cryptocurrency exchange to be granted

August 8, 2023 2 mins read

PayPal’s PYUSD Stablecoin Now Listed on Huobi Exchange

Within the first day of its release, the Paxos-issued PayPal USD (PYUSD) stablecoin was listed on the Huobi cryptocurrency exchange, led by Justin Sun. The PayPal USD (PYUSD) stablecoin, was launched on Monday by PayPal and is tied to the US dollar. Huobi, the world’s largest cryptocurrency exchange, made the

August 8, 2023 2 mins read

Bitstamp Eyes Expansion Plans in Europe and Asia

Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be

August 8, 2023 2 mins read

Justin Sun Addresses Huobi Exchange’s Bankruptcy Rumors

Fears of bankruptcy and reports that Chinese authorities are investigating Huobi’s management led to $64 million in withdrawals during the weekend. Total value locked (TVL) on the exchange fell to $2.5 billion from $3.09 billion the previous month as speculations persisted. The top management of the exchange was allegedly detained

August 7, 2023 1 min read

Coinbase CEO Commits Staying in the US Despite Regulatory Scrutiny

Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other

August 5, 2023 2 mins read

Actor Adam Devine Seen in New Crypto Ad Endorsing Bitget Exchange

As part of its marketing efforts, crypto derivatives trading platform Bitget recently revealed a one-year collaboration with actor and comedian Adam Devine. In a new commercial that went online on Friday morning, Devine advises viewers to “read the reviews before buying anything, because looks can be deceiving,” before turning to

August 5, 2023 2 mins read
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